MUFG’s Senior Currency Analyst Michael Wan highlights that global and Asian rates have repriced since the Iran war, with the Reserve Bank of Australia’s 25 bps hike illustrating how domestic inflation and macro conditions drive policy paths. He notes … [Continue reading]
Canadian Dollar holds steady ahead of Fed, BoC policy decisions
USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and … [Continue reading]
United States API Weekly Crude Oil Stock registered at 6.6M above expectations (-0.6M) in March 13
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Forecast: Fed decision could trigger a XAG/USD slump toward $64
XAG/USD Current price: $79.36The Middle East war is likely to impact central banks’ decisions.Market participants anticipate a hawkish shift by the Federal Reserve.XAU/USD pressures immediate support at $77.60, break lower exposes $64. Silver traders … [Continue reading]
Aluminium: Chinese output above cap on price incentives – Commerzbank
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]