MUFG’s Senior Currency Analyst Michael Wan highlights that Asian currencies have held up alongside a weaker Dollar despite renewed tensions around the fragile two-week ceasefire in the Middle East. He stresses that physical Oil flows through the … [Continue reading]
US: Labor data volatility clouds Fed path – Commerzbank
Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions. They argue this complicates … [Continue reading]
DXY: Range anchored as Fed cut seen – BBH
Brown Brothers Harriman’s Elias Haddad (BBH) notes that interest rate differentials are keeping the US Dollar Index (DXY) in a 96.00–100.00 range, even as recent ceasefire optimism faded on compliance doubts. Haddad maintains a structurally bearish … [Continue reading]
Ondo Price Forecast: Bearish setup persists as futures positioning turns risk-off
Ondo (ONDO) is facing downside pressure at press time on Thursday, threatening the $0.2400 support level. The derivatives market is leaning bearish on ONDO, with futures Open Interest dropping amid intense long liquidations. Technically, the … [Continue reading]
Japan Foreign Investment in Japan Stocks: ¥2B (April 3) vs ¥-4B
Ethereum is trading above $2,200 on Wednesday, continuing its momentum from the US-Iran two-week temporary ceasefire deal.The top altcoin's open interest, the total worth of outstanding contracts in a derivatives market, jumped to 14 million ETH. The … [Continue reading]
NZD/USD Price Forecast: Rallies above 0.5800, eyes on 200-day SMA
The NZD/USD rallied sharply on Wednesday, boosted by a double whammy. The de-escalation of the Middle East conflict, and hawkish remarks by the RBNZ Governor, Anna Breman, post the bank’s monetary policy meeting. At the time of writing, the pair … [Continue reading]
XRP extends recovery on fresh ETF inflows, growing risk appetite
Ripple (XRP) is edging up above $1.38 at the time of writing on Wednesday, buoyed by improving market sentiment after the United States (US) suspended attacks on Iran amid a two-week ceasefire.Cryptocurrency prices broadly recovered following … [Continue reading]
AUD/USD eases below 0.7050 as the market digests the ceasefire in Iran
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran. The pair, however, has retreated from session highs at 0.7084 during the … [Continue reading]
EUR/USD: Dollar slips on Gulf ceasefire – Commerzbank
Commerzbank’s Michael Pfister notes that the tentative ceasefire between the US and Iran and the reopening of the Strait of Hormuz triggered a sharp textbook reaction, with Oil falling and the US Dollar weakening, pushing EUR/USD back towards 1.17. … [Continue reading]
Breaking: RBNZ leaves interest rate unchanged at 2.25%, as expected
The Reserve Bank of New Zealand (RBNZ) decided to hold the Official Cash Rate (OCR) steady at 2.25% after concluding the April monetary policy meeting on Wednesday.The decision aligned with the market expectations.More to come....This section below … [Continue reading]