External gaps seen manageable – BNY
BNY’s Geoff Yu highlights that higher energy prices and gas market stress have not yet pushed key ASEAN economies into unsustainable external deficits. Bank Indonesia (BI) focuses on defending the Indonesian Rupiah (IDR) and strengthening the balance of payments, while the region as a whole still runs a modest trade surplus. Yu argues reserves should […]
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 (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
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
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
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 […]
Turns upside down as market sentiment turns risk-off
The AUD/USD pair gives up its early gains and trades 0.24% lower around 0.7145 during the Asian trading session on Thursday. The Aussie pair faces selling pressure as the market sentiment turns risk-averse, following Iranian attacks on three ships in the Strait of Hormuz, a vital passage to almost 20% of global energy supply. Australian […]
Australian Dollar gains traction as Trump extends Iran ceasefire, Australian PMIs rebound into expansion
The AUD/USD pair gains momentum near 0.7155 during the early Asian session on Thursday. US President Donald Trump’s extension of a ceasefire with Iran revives risk appetites, supporting the Australian Dollar (AUD) against the US Dollar (USD). The preliminary reading of the S&P Global Purchasing Managers Index (PMI) is due later on Thursday. US President […]
Defensive profile shapes tactical trades – OCBC
OCBC’s Christopher Wong notes that USD/SGD has rebounded on stalled US–Iran ceasefire talks, with fading bearish momentum and rising RSI. He highlights resistance around 1.2750/60 and key support at 1.2670, arguing that Singapore Dollar (SGD) has behaved as a regional defensive currency and may eventually underperform higher-beta peers like Malaysian Ringgit (MYR), South Korean Won […]
XAG/USD climbs on US-Iran ceasefire extension
Silver (XAG/USD) advances on Wednesday and trades around $77.70 at the time of writing, up 1.33% on the day. Silver is recovering after recent weakness as investors remain cautious amid persistent geopolitical tensions in the Middle East. Market sentiment remains largely driven by developments surrounding the conflict between the United States (US) and Iran. US […]
