The Euro declines more than 0.5% against the safe-haven US Dollar on Thursday, extending its reversal from Wednesday’s highs at 1.1625 to session lows just below 1.1520 so far. Fading hopes of a swift end to the Iran war have reactivated risk-off … [Continue reading]
Switzerland Consumer Price Index (MoM) below expectations (0.5%) in March: Actual (0.2%)
Gold witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar demand. Addressing the nation, US President Donald … [Continue reading]
Japanese Yen softens after Trump Iran war remarks
The USD/JPY pair gains momentum to near 159.20 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) following US President Donald Trump’s speech from the White House. Trump said on Thursday … [Continue reading]
Asia FX: Defensive Dollar bias with KRW and INR vulnerable – TD Securities
TD Securities’ Alex Loo and Jayati Bharadwaj argue that Asia faces a dual shock from higher Oil prices and rapidly depleting inventories, hitting growth and lifting inflation. They see Asian central banks prioritizing growth, limiting rate hikes. … [Continue reading]
FX Today: Trump and the US labour market come to the fore
The US Dollar (USD) kept its bearish impulse well in place for the second day in a row on Wednesday, this time retreating from recent multi-month tops on the back of the marked improvement in the risk-associated universe and rising hopes of a … [Continue reading]
United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in February: Actual (0.5%)
GBP/USD continues to push higher after closing in the green on Tuesday and trades above 1.3300 in the European session on Wednesday. The British currency gains as demand for riskier assets improves at the expense of the safe-haven US Dollar, … [Continue reading]
Greece S&P Global Manufacturing PMI up to 54.5 in March from previous 54.4
Gold surrenders modest Asian session gains to a nearly two-week top, and currently trades near the lower end of its daily range, below the $4,700 mark. President Donald Trump said on Tuesday that he expects the US to wrap up its military operation … [Continue reading]
Gold Price Forecast: XAU/USD recaptures key 100-day SMA resistance, what’s next?
Gold is sitting close to eight-day highs of $4,724 early Wednesday amid renewed market optimism on a probable de-escalation of the conflict in the Middle East, bracing for the US ADP Employment Change data for fresh trading impetus.Gold cheers … [Continue reading]
USD/IDR: Upside risks with BI liquidity tools – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight USD/IDR grinding higher toward 17,000 on firm Dollar, risk-off sentiment and Oil-related terms-of-trade pressures. Bank Indonesia’s (BI) new FX instruments (SVBI, SUVBI) are seen as … [Continue reading]
Canada: Growth rebound faces policy headwinds – NBC
National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme say Canada’s real GDP started 2026 on a firmer footing, with January growth beating expectations and preliminary data pointing to a solid Q1 gain. They highlight strong … [Continue reading]