Gold rebounds as Iran-US deal hopes drive upside
Gold (XAU/USD) price recovers some ground on Friday, extending its gains above $4,700 as market sentiment remains upbeat amid headlines from Iran and the US pointing to a resumption of second-round talks aimed at ending the conflict. At the time of writing XAU/USD trades at $4,726, up 0.47%. Bullion firms as softer Dollar and lower […]
US Dollar eases into weekend as markets eye central bank meetings
The US Dollar Index (DXY) is losing momentum near the 98.50 price zone and continues drifting lower from recent highs as markets unwind part of the recent US Dollar (USD) rally despite still strong United States (US) data and ongoing Middle East tensions. Profit-taking into the weekend, alongside a modest pullback in US yields, is […]
MPC holds vigilant stance – Rabobank
Rabobank’s Senior Macro Strategist Stefan Koopman expects the Bank of England’s (BoE) Monetary Policy Committee (MPC) to leave Bank Rate at 3.75% at the April meeting, maintaining its vigilant stance. Koopman notes weaker domestic demand, already restrictive policy and lower-than-expected energy prices, which may slightly reduce near-term inflation forecasts, while still anticipating one additional rate […]
Cautious hold and two‑sided risks – TD Securities
TD Securities strategists, including Andrew Kelvin and colleagues, expect the Bank of Canada to keep the Overnight Rate at 2.25% through the April meeting and likely for the rest of 2026. They see the Bank striking a more balanced but still cautious tone, emphasizing two-sided growth risks from higher Oil prices and USMCA renegotiation while […]
BSP tightening supports Peso but risks linger – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note the central bank of Philippines Bangko Sentral ng Pilipinas’ (BSP) 25bp hike to 4.5% and guidance that further increases are possible as inflation forecasts are revised higher and second-round effects emerge. While this reduces the risk of BSP falling behind the curve and is relatively supportive […]
Stalls at SMA confluence as RSI stays bearish
Silver (XAG/USD) price edges up over 0.50% during Friday’s session, after bouncing off a daily low of $73.95. Speculation about a resumption of negotiations between Washington and Tehran is cheered by investors, which pushed US equities higher in tandem with the precious metals segment. At the time of writing, the XAG/USD pair trades at $75.83, […]
Rejected at 100-day SMA, eyes on 0.7800
USD/CHF dropped on Friday but finished the week with gains of over 0.35%, trading at 0.7841 as market participants grew confident that US-Iran talks could resume over the weekend to resolve the conflict. USD/CHF Price Forecast: Technical Outlook From a technical perspective, USD/CHF appears poised to remain in a consolidation within the 0.7800-0.7900 range. Momentum, […]
Steepening bias as industrial activity holds – DBS
DBS Group Research economist Samuel Tse analyses recent steepening in Chinese Yuan (CNY) rates, linking it to a ceasefire between the United States (US) and Iran and stronger-than-expected Q1 growth in China. He highlights resilient Purchasing Managers’ Index (PMI), firm industrial and external activity, robust onshore bond demand and continued offshore inflows, arguing this backdrop […]
Rebound seen as fadeable – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong describe a technical rebound in USD/TWD driven by broader US Dollar (USD) strength and risk aversion linked to the US‑Iran ceasefire stalemate. While near-term upside risks persist, they still prefer fading rallies, citing strong foreign inflows into Taiwanese equities, high correlation with the tech cycle, and robust […]
BSP starts new hiking cycle – Commerzbank
Commerzbank highlights that BSP raised its policy rate by 25bp to 4.50%, signalling the start of a new tightening cycle to anchor inflation expectations. Despite a hawkish tone and higher inflation forecasts, the Peso underperforming regional peers since the Iran war as the Philippines remains highly exposed to Middle East energy prices. Rate hike fails […]
