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…
Australian consumer sentiment has collapsed back to crisis-era levels as fuel prices and rising interest rates bite. but the RBA is still expected to press ahead with rate hikes as inflation remains the dominant concern. Read more…
Key Highlights AUD/USD started a fresh increase above 0.7000. A key bullish trend line is forming with support at 0.6980 on the 4-hour chart. GBP/USD extended gains above the 1.3500 resistance. WTI Crude Oil prices Read more…