Commerzbank's FX & Commodity Analyst Volkmar Baur reports that Chinese Aluminium production has risen nearly 3% year-on-year and is running above the government’s annualized cap, supported by higher Aluminium prices and redirected Alumina flows … [Continue reading]
Oil: Price swings ease as conflict risk reassessed – Deutsche Bank
Deutsche Bank analysts note that Brent Oil has stabilised after recent conflict-driven spikes, with prices briefly falling back towards $100 as hopes grew for resumed flows through the Strait of Hormuz. They highlight that International Energy Agency … [Continue reading]
Breaking: RBA hikes interest rate by 25 bps to 4.10%, as expected
The Reserve Bank of Australia (RBA) announced on Tuesday that it hiked the Official Cash Rate (OCR) by 25 basis points (bps) to 4.10% from 3.85% after concluding its March monetary policy meeting.The decision aligned with the market … [Continue reading]
GBP/USD bounces from lows as US Dollar retreats
GBP/USD gained almost 0.75% on Monday, bouncing from Friday's low close to 1.3220 to settle on the high side of 1.3300. The session's recovery looks corrective rather than the start of a new trend; the pair remains in a clear downtrend from the … [Continue reading]
USD/CHF edges lower as US Dollar softens, SNB and Fed decisions in focus
The Swiss Franc (CHF) gains traction against the US Dollar (USD) on Monday as the Greenback edges lower, allowing USD/CHF to pause a four-day winning streak. At the time of writing, USD/CHF trades around 0.7869, easing slightly after touching its … [Continue reading]
United States NAHB Housing Market Index came in at 38, above forecasts (37) in March
The cryptocurrency market is experiencing renewed retail and institutional interest, with major assets such as Bitcoin, Ethereum, and Ripple edging higher. After reaching a monthly high of $74,450, Bitcoin has adjusted to trade above $73,000 at the … [Continue reading]
SNB: Policy on hold as Franc strength worries – Nomura
Nomura economists expect the SNB to keep its policy rate at 0.00% on 19 March and for the foreseeable future. They see low but positive Swiss inflation, resilient GDP growth and rising global energy prices, but highlight Swiss Franc appreciation as a … [Continue reading]
Gold hovers around $5,000 as traders eye on Iran war developments
Gold price (XAU/USD) steadies around $5,000 during the Asian session on Monday. However, the precious metal faced selling pressure as uncertainty surrounding the monetary policy announcement by major central banks this week is dominating the intense … [Continue reading]
US President Donald Trump: Talking to 7 countries regarding Strait of Hormuz
US President Donald Trump said on Monday that he is discussing with other countries about policing the Strait of Hormuz, adding that Israel is collaborating with the US on securing the vital shipping route.Key quotesThey want to negotiate badly yet I … [Continue reading]
South Korea, Japan mull Trump’s calls to secure Strait of Hormuz
South Korea’s presidential office said in a statement on Sunday, “we will communicate closely with the US regarding this matter and make a decision after careful review.”Takayuki Kobayashi, policy chief of Prime Minister Sanae Takaichi’s … [Continue reading]