Commerzbank’s Tatha Ghose says their worst-case scenario materialised after the Turkish central bank left policy unchanged, relying on FX intervention and ad hoc liquidity tightening instead of rate hikes. He argues underlying disinflation has … [Continue reading]
Bitcoin Price Forecast: BTC steadies near $78K as ETF inflows persist
Bitcoin (BTC) steadies at $78,000 on Thursday, taking a breather after rallying nearly 6% so far this week, boosted by the strong institutional demand. Despite the positive outlook, traders should be cautious as lingering uncertainty in the Middle … [Continue reading]
EUR/USD: PMI signals and softer pair – Danske Bank
Danske Research Team highlights that Euro area April flash PMIs (Purchasing Managers' Index) are a key input ahead of the next European Central Bank (ECB) meeting, with Manufacturing PMI expected to drop below 50 while Services PMI holds at 50.2. The … [Continue reading]
Canadian Dollar bulls seem hesitant as Hormuz risks aid USD and offset positive Oil prices
The USD/CAD pair retreats a few pips from a three-day high touched during the Asian session on Thursday, though it lacks follow-through amid mixed fundamental cues. Despite a temporary extension of the US-Iran ceasefire, a standoff over the Strait of … [Continue reading]
AUD/USD holds near 0.7160 as Hormuz risks cap Aussie upside today
AUD/USD is stuck within a range as Middle East geopolitical tensions remain high, with US President Trump extending the ceasefire while Iran seized two container ships in the Strait of Hormuz. Despite this, risk appetite sent the S&P 500 to an … [Continue reading]
XRP bulls target breakout above 100-day EMA
Ripple (XRP) is gaining traction, pressing into short-term resistance at $1.45 at the time of writing on Wednesday, as sentiment across the crypto market broadly steadies amid the extension of the United States (US)-Iran ceasefire.Despite neither … [Continue reading]
Canada New Housing Price Index (MoM) came in at -0.2% below forecasts (0.2%) in March
GBP/USD trades marginally higher on the day above 1.3500. The data from the UK showed earlier in the day that the Consumer Price Index (CPI) rose in line with expectations at 3.3% YoY, while on a monthly basis, CPI increased 0.7% in March, compared … [Continue reading]
South Africa Consumer Price Index (MoM) up to 0.6% in March from previous 0.4%
Gold touches a fresh daily high heading into the European session, and recovers further from a one-week low, around the $4,669-$4,668 region. The US Dollar edges lower in reaction to a temporary extension of the US-Iran ceasefire, … [Continue reading]
US blocks Iraq’s Dollar Shipments to weaken its Iran-Backed Militias – WSJ
According to a report from The Wall Street Journal (WSJ), the United States (US) has suspended shipments of US Dollars (USDs) to Iraq, which were proceeds from Federal Reserve Bank of New York accounts against oil sales, in an attempt to cripple an … [Continue reading]
GBP/USD slips back as US data offsets Iran ceasefire risk-on boost
GBP/USD slid 0.15% on Tuesday, settling close to 1.3500 after a volatile session that traded a roughly 60-pip range. Price unwound twice during European and US trade with sharp downside candles, only to bounce back off the lows on each occasion … [Continue reading]