CPI seen higher on energy shock – DBS
DBS Group Research expects Singapore’s March 2026 core and headline inflation to rise to 1.6% and 1.8% year-on-year, from 1.4% and 1.2% in February. The report links this to imported energy price pressures after the Middle East conflict. Higher costs are likely in transport and travel services, while electricity, gas and food price pressures remain […]
US President Trump says he can trust Iranians – ABC News
US President Donald Trump said he can trust Iranians, according to an interview with ABC News. Trump added that talks will take place only in Islamabad and resume over the weekend. He added that he doesn’t think there are many significant differences, while saying that the US will be working with Tehran to remove its […]
Breaks below key SMAs, eyes on 0.7800
USD/CHF finishes the week on a lower note, down 0.87% for the week and 0.27% in the day, as markets turn optimistic about a possible US-Iran deal over the weekend. In the meantime, the technical picture remains bearish, as the pair tumbled below key moving averages, hitting a five-week low at 0.7775. USD/CHF Price Forecast: […]
Bullish and poised to close above $81
Silver (XAG/USD) price surges over 4% on Friday, reclaiming $81.00 a troy ounce as the Greenback gets battered on positive news around the Middle East conflict. The reopening of the Strait of Hormuz and a second round of talks between the US and Iran pushed precious metals higher, and the white metal is no exception. […]
Dow Jones surges as Iran reopens Strait of Hormuz
US equities ripped higher on Friday as a ceasefire between Israel and Lebanon, paired with Iran’s announcement that the Strait of Hormuz would reopen to commercial traffic, triggered a broad risk-on rally. The Dow Jones Industrial Average (DJIA) added more than 1K points to finish just below 49,800, the S&P 500 gained 1.5% to push […]
China shock shows tentative turn – Deutsche Bank
Deutsche Bank’s Robin Winkler argues that German manufacturing faces an ongoing “China shock” as Germany’s trade deficit with China has reached a record size and now exceeds its surplus with the US. He notes that Germany’s relative price competitiveness versus China has recently stopped deteriorating, helped by Euro depreciation and rising Chinese producer prices, suggesting […]
Indian Rupee rises as RBI introduces fresh measures against US Dollar buying
The Indian Rupee (INR) trades higher against the US Dollar (USD) on Friday, as the opening of special credit lines for state-run oil buyers to meet their foreign exchange needs has strengthened the Asian currency. The USD/INR pair declines to near 92.70 after remaining sideways in the last two trading days. On Thursday, the Reserve […]
Downtrend resumes with stable forecasts – Danske Bank
Danske Research Team notes that EUR/USD has retraced its war-linked decline and now trades around 1.18. They have revised their 1M and 3M EUR/USD forecasts to 1.18, expecting the pair to stay near current levels in the short term. Over a longer horizon, they project a higher EUR/USD, driven by relative monetary policy, Oil normalization […]
Pound Sterling declines as BoE hike bets ease
GBP/USD loses ground for the third successive day, trading around 1.3520 during the Asian hours on Friday. The Pound Sterling (GBP) remains under pressure as traders pare back expectations for a Bank of England (BoE) rate hike, amid increasing optimism that tensions in the Middle East may be easing. BoE Governor Andrew Bailey told BBC […]
G7 finance leaders warn of growing economic risks from the Middle East war
Finance ministers from the Group of Seven (G7) on Friday emphasized the urgent need to limit the economic repercussions of an ongoing Middle East conflict, highlighting a commitment to pursuing enduring peace. Key quotes G7 finance ministers concluded unanimously it was urgent to limit cost for global economy of an enduring Middle East conflict statement.G7 […]
