Australia unemployment rate seen steady in March amid hawkish RBA stance

Australia unemployment rate seen steady in March amid hawkish RBA stance

Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20K new jobs in the month, while the Unemployment Rate is forecast at 4.3%, unchanged from February. […]

Gold slips below $4,800 as risk appetite drains safe-haven demand anew

Gold slips below ,800 as risk appetite drains safe-haven demand anew

Gold price retreats during the session, down nearly 1%, as risk appetite improves and flows rotate toward US equities, pushing the S&P 500 index past the 7,000 figure, poised to test the all-time high at around 7.014. At the time of writing, XAU/USD trades below $4,800 after reaching a peak of $4,871. Bullion eases as […]

Stable path with renewed carry interest – ING

Stable path with renewed carry interest – ING

ING analysts Muhammet Mercan, Frantisek Taborsky and James Wilson note that the Turkish Lira (TRY) has stabilised after US-Iran tensions eased, with the Central Bank of Turkey (CBT) maintaining market confidence and a steady USD/TRY path. They highlight reduced but now recovering TRY long positions, lower FX reserves, and project USD/TRY to move gradually toward […]

Supply shock sustains inflation risks – Rabobank

Supply shock sustains inflation risks – Rabobank

Rabobank Senior FX Strategist Jane Foley notes that while risk sentiment has improved and the Dollar’s safe-haven bid has faded, the physical Oil market tells a different story. With the Strait of Hormuz closed, she expects Oil flows to recover only to 80% of pre-war levels by late August, implying persistent inflation and demand disruption […]