Since the December meeting, financial market situation has been characterised by elevated volatility Middle East conflict has resulted in surge in energy prices, which led to a global rise in inflation expectations With the appreciation of the Swiss franc since December, monetary conditions are tighter However, monetary policy remains expansionary The board discussed the various factors responsible for the…
Silver price (XAG/USD) trades 2.2% higher to near $80.80 during the late Asian trading session on Thursday, aiming to recapture the four-week high of $81.00. The white metal trades firmly as the US Dollar (US) continues to underperform in the wake of growing optimism that the United States (US) and Iran will soon reach a permanent ceasefire. In the…
GBP/USD’s climb looks strong on the surface, but upcoming U.K. GDP data could put the rally at risk. At the same time, the U.S. dollar is under broad pressure from a geopolitical backdrop that could flip quickly.
Summary: FT reports Israel–Lebanon ceasefire expected soon; Trump adds upbeat tone. Reports Iran used Chinese satellite for US base surveillance, raising geopolitical risks. Oil traded subdued despite ongoing supply disruption concerns. Japan signals heightened FX vigilance; yen edges higher on the session. ECB’s Schnabel reinforces “wait-and-see” stance on Iran shock. Australia jobs steady; China data mixed with strong GDP…
The AUD/USD pair holds positive ground around 0.7180 during the Asian trading hours on Thursday. The Australian Dollar (AUD) strengthens against the Greenback amid mixed economic data from Australian and Chinese dockets. Data released by the Australian Bureau of Statistics (ABS) on Thursday showed that Unemployment Rate held steady at 4.3% in March. The figure came in line with…
Japan’s Katayama said authorities are closely watching FX and in dialogue with the US, warning oil-driven volatility is impacting the yen and economy, keeping intervention risk in focus. Earlier: Summary: Japan Finance Minister Katayama said authorities are closely watching FX moves and have communicated this to the G7. She confirmed discussions with US Treasury Secretary Bessent, agreeing to maintain…
The EUR/USD pair holds positive ground near 1.1805 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) amid risk-on sentiment, bolstered by optimism over the ceasefire between the US and Iran. Traders have piled into riskier assets, such as the shared currency, on hopes for another round of talks between the…
The S&P 500 hit a fresh record high on Wednesday as US-Iran ceasefire extension hopes fueled risk appetite while oil prices declined despite the ongoing Hormuz blockade.
The Pentagon is in talks with US automakers and manufacturers to boost weapons production as conflicts in Ukraine and Iran deplete stockpiles, in a push to expand the defence industrial base, WSJ reports. Summary: The Pentagon is exploring partnerships with major US manufacturers, including automakers, to boost weapons production. Talks with companies like GM and Ford are preliminary but…
Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation. The Australian Bureau of Statistics (ABS) is expected to announce that the country added 20K new jobs in the month, while the Unemployment Rate is forecast at 4.3%, unchanged from February. The Participation Rate, in…
