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. […]

ETF inflows signal renewed interest – ING

ETF inflows signal renewed interest – ING

ING analysts Warren Patterson and Ewa Manthey report that Gold and Silver have rebounded after recent losses, supported by a weaker Dollar and easing geopolitical tensions. They note that Gold ETF flows have turned positive for three weeks, with six consecutive daily inflows lifting holdings to 99.3 moz, pointing to renewed investor interest after the […]

Canadian Dollar flat lines as traders await US PMI data

Canadian Dollar flat lines as traders await US PMI data

The USD/CAD pair trades on a flat note around 1.3670 during the early European session on Thursday. The pair steadies as traders await signs of diplomatic progress to end the war in the Middle East.   The US is extending the ceasefire with Iran at Pakistan’s request as US President Donald Trump waits for a […]