The AUD/USD pair holds steady above mid-0.7100s during the Asian session on Friday and for now, seems to have stalled the previous day's modest pullback from its highest level since June 2022. Spot prices remain on track to register strong weekly … [Continue reading]
US Treasury Secretary Scott Bessent meets with global counterparts to reaffirm US policy
US Treasury Secretary Scott Bessent met with multiple world leaders this week, detailing the US' agenda of securing trade deals and policies aimed largely at reversing damage done through the first year of the Trump administration, specifically on … [Continue reading]
Dow Jones Industrial Average adds 90 points as Iran ceasefire hopes lift stocks
The Dow Jones Industrial Average added about 90 points, or 0.2%, to climb above 48,500 on Thursday, as Wall Street extended its weekly rally on growing confidence that the US-Iran war is moving toward resolution. The S&P 500 rose 0.3% to notch … [Continue reading]
United States Philadelphia Fed Manufacturing Survey above forecasts (10) in April: Actual (26.7)
Gold trims part of its modest intraday gains, albeit it retains a positive bias and trades above the $4,800 in the second half of the day on Thursday. Despite hopes for Iran diplomacy, the instability in the Strait of Hormuz offers some support … [Continue reading]
Dow Jones futures rise on prospects of renewed US-Iran negotiations
Dow Jones futures advance 0.11% to near 48,720 during European hours on Thursday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also rise 0.20% and 0.44% to near 7,070 and 26,480, respectively, … [Continue reading]
NZD/USD remains stronger above 0.5900 as China’s economy expands in Q1
NZD/USD remains stronger for the fourth consecutive day, trading around 0.5920 during the Asian hours on Thursday. The pair remains stronger following China’s first-quarter Gross Domestic Product figures. China’s economic change could impact the NZD … [Continue reading]
Australia unemployment rate seen at 4.3% in March, job creation to slow
Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20K … [Continue reading]
USD/JPY steady below 160.00 amid Japan intervention risks
USD/JPY holds firm on Wednesday despite a broadly weaker US Dollar (USD). The pair remains confined within a one-month trading range, as elevated Oil prices linked to tensions in the Middle East continue to weigh on the Japanese Yen (JPY). However, … [Continue reading]
United States NAHB Housing Market Index came in at 34, below expectations (37) in April
The recent investigation by the New York Times has put the focus back on Bitcoin’s creator. Little is known about Satoshi’s true identity – whether it was one individual, a team, or even a collective –, so speculation and theories have been … [Continue reading]
India Trade Deficit Government dipped from previous $27.1B to $20.9B in March
Gold stays under bearish pressure and trades near $4,800 after having touched its highest level in a week above $4,870 earlier in the day. Given that the path to a durable US-Iran agreement remains uncertain on the back of the instability in the … [Continue reading]