XAU/USD around $4,660, bears sharpening their claws
XAU/USD Current price: $4,650 Middle East crisis maintains financial markets in risk-averse mode. The March US ISM Services PMI painted a gloomy picture when reading between lines. XAU/USD under sellers’ control despite holding within familiar levels. Spot Gold consolidates at around $4,660 on Monday, little changed on a daily basis, yet lower compared to Friday’s […]
Conflict keeps risk premium elevated – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong argue that market hopes for de-escalation in the US–Iran conflict look premature for Brent. While Brent has retreated from highs near USD119, they see the Strait of Hormuz situation as controlled disruption rather than resolution, with Iran–Oman traffic protocols and Trump’s threats suggesting ongoing supply risk despite […]
EUR/USD remains capped below 1.1570 despite US Dollar’s weakness
The Euro (EUR) is trading higher against the US Dollar (USD) on Monday, favoured by a moderate improvement in market sentiment, amid news of a potential ceasefire in the Iran war. The pair bounced up from session lows at 1.1505, but has been unable to extend gains beyond 1.1570 so far, and remains trapped within […]
Symmetrical Triangle formation near bottom triggers reversal hopes
The EUR/USD pair trades 0.4% higher to near 1.1560 during the European trading session on Monday. The major currency pair strengthens as market sentiment turns favorable toward riskier assets, such as the Euro (EUR), following confirmation from Iran that it has received the United States’ (US) ceasefire proposal through Pakistan. An improvement in investors’ risk […]
EUR/GBP eases to levels near 0.8700 amid mild risk-off markets
The Euro (EUR) is trading lower against the British Pound (GBP) on a calm week opening, with most markets closed on Easter Monday, and markets wary of risk, amid greater concerns about an escalation of the war in Iran. The pair is trading at 0.8720 at the time of writing, down from session highs at […]
EUR/JPY remains below 184.00 as traders price in BoJ rate hike odds
EUR/JPY moves little after registering modest losses in the previous trading day, hovering around 183.80 during the Asian hours on Monday. The currency cross may extend its decline as the Japanese Yen (JPY) strengthens on growing expectations that the Bank of Japan (BoJ) will tighten policy in April to counter rising inflation driven by higher […]
Australian Dollar softens on strong US jobs data, Middle East tensions
The AUD/USD pair extends the decline to near 0.6885 during the early Asian session on Monday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) amid stronger-than-expected US employment data and ongoing geopolitical tensions in the Middle East. The US March ISM Services Purchasing Managers Index (PMI) data will be the highlight later on […]
Open the Strait of you’ll be living in hell
United States President Donald Trump has threatened to destroy Iran if they do not reopen the Strait of Hormuz before the deadline, in a post shared on Truth Social. Tuesday will be Power Plant Day and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open the Fuckin’ Strait, […]
Rebounds toward 1.3250 near nine-day EMA
GBP/USD holds gains after registering over 0.5% losses in the previous day, trading around 1.3230 during the Asian hours on Friday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair remains within the descending channel pattern. The near-term bias stays mildly bearish as the GBP/USD pair holds below both […]
Forex Today: Markets turn cautious, all eyes on US NFP data
Here is what you need to know on Friday, April 3: The US Dollar (USD) holds positive ground around 100.00 heading into the European trading session. Trading volumes are likely to be thin due to the Good Friday holiday. Markets might turn cautious ahead of the key US employment report for March. Traders expected the Nonfarm Payrolls […]
