Inflation shock weighs on haven metal – TD Securities
TD Securities’ Head of Commodity Strategy, Bart Melek, argues that Gold is under pressure as Oil-driven inflation keeps real rates elevated and raises the opportunity cost of holding the metal. He notes institutional, ETF and central bank demand has weakened, with technical support seen near the 200-day moving average around $4,258 and a year-end recovery […]
EUR/USD rebounds as Fed decision nears and US-Iran tensions cap Dollar downside
The Euro (EUR) trims a part of its intraday losses against the US Dollar (USD) on Tuesday as the Greenback loses momentum, with traders repositioning ahead of the Federal Reserve’s (Fed) interest rate decision due on Wednesday, while continuing to monitor developments in the Middle East. At the time of writing, EUR/USD is trading around […]
US CB Consumer Confidence edges higher to 92.8 in April
Consumer sentiment in the United States (US) improved slightly in April, with the Conference Board’s (CB) Consumer Confidence Index rising to 92.8 in April from 92.2 in March. “The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—retreated by 0.3 points to 123.8,” the CB noted in its press release. “The […]
Trump is focused on getting right deal with Iran
United States (US) State Secretary of Energy Chris Wright said during the European trading session on Tuesday that President Donald Trump is focused on getting the right deal with Iran. Additional remarks Iran doesn’t have a huge amount of storage capacity. The US not considering export ban on US energy products. We will announce historic […]
Australian Dollar trades mixed in countdown to the Aussie CPI, Fed policy
The Australian Dollar (AUD) demonstrated a mixed performance against its major currency peers, trading marginally lower against the US Dollar (USD) around 0.7180 during the European trading session on Tuesday. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest […]
Bank of Japan leaves interest rate unchanged at 0.75% as expected
The Bank of Japan (BoJ) board members decided to leave the short-term interest rate unadjusted at 0.75%, following the conclusion of its two-day monetary policy review meeting on Tuesday. The decision aligned with the market expectations. Summary of the BoJ’s Monetary Policy Statement BoJ makes policy decision by 6-3 vote. BoJ board members Nakagawa, Takata […]
US President Donald Trump discusses new Iran’s Hormuz Strait proposal with top aides
US President Donald Trump and his national security team discussed Iran’s proposal to reopen the Strait of Hormuz and end the war, Reuters reported on Monday. White House press secretary Karoline Leavitt told reporters that it remains unclear if Trump will entertain the offer to end the two-month-old war as his bottom-line demands remain […]
IGB view stays neutral – Standard Chartered
Standard Chartered Bank economists Anubhuti Sahay, Saurav Anand and Nagaraj Kulkarni assess Indian states’ finances, projecting the aggregate FY27 fiscal deficit at 2.9% of GDP, similar to FY26. They highlight slower revenue proceeds, persistent high revenue expenditure and steady capex near 1.9% of Gross Domestic Product (GDP). Wider deficits should lift State Development Loan issuance, […]
Cautious stance and inflation guidance in focus – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that earlier market surveys showed a strong chance of a Bank of Japan (BoJ) rate hike this week, but Governor Ueda’s lack of clear hints at IMF/World Bank meetings shifted expectations to June. The BoJ remains cautious, focusing on core inflation and is widely expected to revise up […]
Data-heavy week shapes macro narrative – TD Securities
TD Securities strategists Oscar Munoz and Eli Nir outline a busy United States (US) data calendar that will guide US Dollar (USD) traders, including Gross Domestic Product (GDP), Personal Consumption Expenditures (PCE) Price Index inflation, ISM manufacturing and consumer confidence. They expect Q1 GDP to rebound to 2.2% q/q annualized, core PCE to ease, and […]
