Gold (XAU/USD) struggles to find acceptance above the $4,600 mark and trims a part of its strong intraday gains to a one-and-a-half-week high, touched during the Asian session on Tuesday. Reports that US President Donald Trump is willing to wind down … [Continue reading]
Australia Private Sector Credit (MoM) meets expectations (0.6%) in February
Gold manages to keep the bullish bias for the second day in a row on Monday, coming close to the $4,600 region per troy ounce. The precious metal’s rebound comes despite the stronger US Dollar, while declining US Treasury yields across the board and … [Continue reading]
AUD/USD extends slide to fifth straight loss ahead of key data week
AUD/USD slipped 0.42% on Monday, settling near 0.6850 and extending its losing streak to five consecutive sessions. The pair has now fallen over 300 pips from its year-to-date high close to 0.7190 set in mid-March, with the pace of selling … [Continue reading]
USD/JPY retreats from intervention red line as Japan warns on Yen weakness
USD/JPY retreats on Monday and trades around 159.60 at the time of writing, down 0.44% on the day, after reaching a nearly 20-month high above 160.00 earlier in the day. The move lower follows renewed warnings from Japanese authorities about … [Continue reading]
Iran warns against linking Ukraine war to Iran-US-Israel tensions
Iran’s Foreign Ministry spokesperson Esmail Baghaei delivered several statements on Monday reported by Reuters, warning against what he described as a “catastrophic miscalculation” in attempts to link the war in Ukraine to the conflict involving … [Continue reading]
USD: Conflict-driven support persists on energy risks – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan notes that the US–Iran conflict and threats to Middle Eastern energy infrastructure are keeping energy risk premia elevated, supporting the Dollar. Higher Oil prices and risk‑off sentiment are seen feeding … [Continue reading]
US Dollar Index trades broadly firm above 100.00 amid fears of widening Iran conflicts
The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally lower near 100.15 in the Asian trading session on Monday after retracing from its intraday high of 100.35. Still, the USD Index is close to … [Continue reading]
Ripple CEO urges lawmakers to codify legislation in CLARITY Act, says it will prevent ‘another Gensler’ scenario
Ripple CEO Brad Garlinghouse said progress on the Digital Asset Market Clarity Act (CLARITY) may take longer than expected. Speaking on Fox Business' Mornings on Friday, he said the bill is unlikely to pass Congress by the end of April, pushing back … [Continue reading]
Ethereum Weekly Price Forecast: Weak institutional demand, Middle East crisis weigh on ETH
Ethereum price today: $1,980Ethereum slides below $2,000 amid escalating Middle East crisis.Institutional demand for ETH has plunged following seven consecutive days of net outflows from Ethereum ETFs.ETH eyes the $1,911 support level as sellers … [Continue reading]
Thai Baht: War-driven pressures challenge BOT stance – DBS
DBS Group Research economist Chua Han Teng highlights that Thailand’s financial markets, particularly the Thai Baht (THB) and equities, are under pressure due to vulnerability to Middle East conflict-related commodity shocks. The report notes that … [Continue reading]