USMCA tensions raise trade risk – Rabobank

USMCA tensions raise trade risk – Rabobank

Rabobank’s Global Strategist Michael Every flags growing trade frictions between the United States (US) and Canada ahead of USMCA (United States–Mexico–Canada Agreement) talks. Every says Washington is demanding market-opening concessions, tax changes and expanded border enforcement, effectively shifting negotiations away from equality. Every warns Canada may need to rethink its global position and faces downside […]

Gold remains pressured by higher-for-longer interest rate outlook

Gold remains pressured by higher-for-longer interest rate outlook

Gold (XAU/USD) trades under pressure on Thursday as a firmer US Dollar (USD) and elevated Oil prices weigh on the precious metal, while uncertainty over stalled US-Iran talks keeps market sentiment cautious. Traders are also digesting mixed US economic data, with Jobless Claims rising above expectations and Purchasing Managers Index (PMI) figures pointing to resilient […]

War risks challenge recent strength – Societe Generale

War risks challenge recent strength – Societe Generale

Societe Generale analysts argue that the Australian Dollar’s (AUD) strong year-to-date performance leaves it vulnerable to concerns over imported petroleum dependence during the Gulf blockade. They discuss potential short AUD/NZD and short AUD/CAD ideas, while stressing that any easing of the United States (US) blockade could quickly reverse Australian Dollar weakness and keep volatility suppressed. […]