The initial rise in EUR/USD and GBP/USD was driven by reports of a temporary ceasefire between the United States and Iran, which reduced demand for the US dollar as a safe-haven asset. However, over the Read more…
Daily Pivots: (S1) 1.3422; (P) 1.3466; (R1) 1.3551; More… GBP/USD’s rebound from 1.3158 resumed after brief consolidations. Intraday bias is back on the upside for 61.8% retracement of 1.3867 to 1.3158 at 1.3596. Firm break Read more…
Dollar is under broad selling pressure today, giving back its war premium as markets pivot back to diplomacy. Yesterday’s pessimism is already being unwound, with traders reassessing the outcome of the US-Iran talks in Islamabad. Read more…
Markets The US started its own naval blockade of the Straight of Hormuz in an “open-for-all or close-to-all” policy. The move came after collapsed weekend talks between the US and Iran. Oil prices spiked higher Read more…
In focus today Focus continues to be in the Middle East with the US blockade of Iranian ports taking effect yesterday afternoon. For market events, the US releases PPI in the afternoon, where the upwards Read more…
Gold has pulled back sharply from its January highs. Union Bancaire Privée (UBP) is not moved. It’s not bulging. The Swiss private bank, which manages approximately $233 billion in client assets, reaffirmed its $6,000 per Read more…
China’s trade data showed a sharp divergence in March, with exports slowing while imports surged amid volatile commodity markets. Exports rose 2.5% yoy, down from prior strength and well below expectations of 8.6%, marking a Read more…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. Why we love this deal When decorating your space, sometimes the Read more…
The RBA is facing a “central banker’s nightmare” as rising oil prices push inflation higher while threatening economic activity. Speaking in New York, Deputy Governor Andrew Hauser warned that the Middle East conflict is delivering Read more…
Australian business confidence has collapsed at a pace only seen during the GFC and COVID, highlighting the immediate impact of Middle East tensions on sentiment. NAB Business Confidence plunged from 0 to -29 in March, Read more…