Recently, Pakistan requested a two-week extension from US President Donald Trump to a deadline that he imposed eleven days ago. According to a senior Iranian official, Tehran is “positively reviewing Pakistan's request for a two-week ceasefire.” At … [Continue reading]
Gold trades choppy as Trump’s Iran ultimatum weighs on market sentiment
Gold (XAU/USD) is trading in a choppy range on Tuesday with markets on edge as the ultimatum from US President Donald Trump to reach a deal with Iran nears its deadline. At the time of writing, XAU/USD is trading around $4,658, with price action … [Continue reading]
RBNZ: Constrained as energy shock bites – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of New Zealand (RBNZ) to keep the OCR at 2.25%, with Governor Breman set to update growth and inflation projections. Despite economic slack, elevated inflation and market pricing … [Continue reading]
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
The broader cryptocurrency market whipsaws as Tuesday’s 08:00 PM ET deadline imposed by US President Donald Trump on Iran nears, sending Bitcoin below $69,000. Liquidations over the last 24 hours reached $230 million, while Artificial … [Continue reading]
Gold remains depressed as Hormuz standoff supports USD amid hawkish Fed rate bets
Gold (XAU/USD) remains on the back foot during the Asian session on Tuesday, though it lacks follow-through selling and trades in the previous day's broader range. Hopes for a last-minute agreement between the US and Iran are fading ahead of … [Continue reading]
Australia S&P Global Composite PMI came in at 46.6, below expectations (47) in March
GBP/USD remains well bid in line with the rest of its risk-linked peers, orbiting around the 1.3230 zone as Monday’s NA session draws to a close. In the meantime, Cable’s rebound comes amid a generalised improvement in the risk complex, although … [Continue reading]
Gold slips from $4,700 as Iran deal doubts boost oil, Dollar
Gold (XAU/USD) price recoiled during the North American session on Monday after hitting a daily high of $4,706, but news that an agreement between the US and Iran seems unlikely, along with military preparations for potential strikes, drove the … [Continue reading]
United States ISM Services New Orders Index rose from previous 58.6 to 60.6 in March
Markets are beginning to flirt with the idea of a peace dividend. Equities are lifting as the possibility of a 45-day ceasefire circulates through the tape, while crude eases back as the immediate risk premium gets trimmed. It is a familiar … [Continue reading]
Silver Price Forecast: XAG/USD rebounds to near $73.50 on Middle East ceasefire odds
Silver price (XAG/USD) holds gains after recovering daily losses, trading around $73.30 per troy ounce during the European hours on Monday. Non-interest-bearing Silver finds support as traders price in easing hawkish odds surrounding the Federal … [Continue reading]
India HSBC Composite PMI came in at 57, above expectations (56.5) in March
Looking at the weekly chart, the US Dollar has traded in a choppier, more volatile fashion, struggling to build on the strong gains seen the previous week. As has been the case lately, markets have remained cautious, with uncertainty around the … [Continue reading]