Finance
US President Donald Trump begins widely anticipated address to the nation
US President Donald Trump is delivering a primetime address to the nation from the White House on Friday.
Finance
Finance
Euro falls as strong US jobless claims support US Dollar
EUR/USD trades lower near the 1.1440 area on Thursday, retreating around 0.2% as the US Dollar (USD) gains support from stronger-than-expected United States (US) labor market data.
Finance
The British Pound Sterling gets a new Prime Minister and an old problem
Sterling is enduring its heaviest session of the month, with GBP/USD fading around half of one percent to just below 1.3500 after the week's advance stalled short of 1.3550 for a second consecutive day. The pullback tri…
Finance
Chinese Yuan: Gradual gains with capped upside against US Dollar – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNY has extended its decline on softer United States (US) Consumer Price Index (CPI) and Producer Price Index (PPI), with firmer People's Bank of China (…
Finance
Chinese Yuan: Upside bias toward 6.7600 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that USD/CNH downside momentum continues to build after the pair slipped to 6.7653. Intraday, there is a chance of testing major support at 6.7600 wh…
Finance
The Australian Dollar stalls exactly where everybody said it would
The Australian Dollar is going nowhere with great precision, with AUD/USD flat on the session and pinned to the 0.7000 handle for a fourth consecutive day. The recovery off the 0.6900 area earlier this month has run dir…
Finance
Singapore Dollar: Further upside risk builds against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD downside momentum has intensified after a sharp intraday swing, with firm support highlighted at 1.2875 and 1.2860. In the near term, the pai…
Finance
USD/CHF Price Forecast: Swissie rebounds at 0.8042 support
The USD/CHF reversed course, rising by over 0.40% late Thursday as the Greenback staged a recovery amid overall risk aversion, heightened tensions in the Middle East, and strong US economic data. The pair trades at 0.80…
Finance
Mexican Peso drops as risk aversion underpins the US Dollar
The Mexican Peso depreciated by about 0.30% on Thursday as market participants turned risk-averse amid an escalation of the Middle East conflict, which has driven energy prices higher. Also, a round of positive US data …
Finance
Thai Baht: Overvaluation points to weakness against US Dollar - MUFG
MUFG’s Lloyd Chan notes that softer US inflation data has weakened the Dollar and lowered Fed rate hike expectations, but USD/THB has still broken above 33.50. He highlights Thailand’s low carry, deteriorating terms of …
Finance
British Pound: Dips against US Dollar seen as buying opportunity – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government. United…
Finance
NZD/USD Price Forecast: Buyers retain upper hand near one-month highs
NZD/USD fluctuates between minor gains and losses on Thursday as the Reserve Bank of New Zealand’s (RBNZ) hawkish stance supports the Kiwi, while a stronger US Dollar (USD) caps the upside. At the time of writing, the p…
Finance
Canadian Dollar: Gains eye 1.3981 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report USD/CAD is flat after the Bank of Canada (BoC) left policy unchanged and maintained a cautious tone on growth and inflation. Governor Macklem downplayed the C…
Finance
The BoC holds at 2.25% and removes hike language: Why the Canadian Dollar could remain stuck
The Canadian Dollar (CAD) has entered a consolidation phase against the US Dollar (USD) following a volatile week. While a soft US inflation report initially put the Greenback on the back foot, the Bank of Canada's (BoC…
Finance
SanDisk short-term technical setup after steep sell-off
After a brutal wave of selling in the after-hours session that followed their earnings releases, US-listed memory chip stocks rapidly repaired sentiment and staged an epic short-squeeze rally. On Thursday, May 1, local …
Finance
Crude Oil watches the Houthis aim at the last export route that still works
West Texas Intermediate (WTI) Oil spent Thursday's European morning grinding down to 78.37 before ripping nearly two dollars to 80.29 when the Houthis threatened to target all Saudi Oil sites and key facilities should S…
Finance
European Union: Trade tools and China rebalancing – Standard Chartered
Standard Chartered analysts Christopher Graham and Carol Liao discuss how the European Union is seeking to rebalance its trade relationship with China without shutting the door on engagement. They highlight a large and …
Finance
Gold loses track of $4,000, drops as Oil shock revives Fed bets
Gold price drops over 1.80% as tensions between the US and Iran fuel fears of a possible Oil supply disruption, driving energy prices higher and potentially triggering another round of inflation. The XAU/USD trades at $…
Finance
Gold tests $4,000 as energy-driven inflation fears keep Fed rate hike bets in play
Gold (XAU/USD) edges lower on Thursday as traders look past back-to-back, softer-than-expected US inflation reports and remain focused on renewed Middle East tensions, which are fueling concerns that higher energy price…
Finance
European Central Bank: Rate hike risk returns with Oil – ING
ING’s Carsten Brzeski argues that the European Central Bank is likely to keep rates unchanged next week but a surprise hike cannot be ruled out. He notes that renewed Middle East tensions and rising Oil prices have rest…
Finance
The Dow Jones Industrial Average discovers the virtue of owning no semiconductors
The Dow Jones Industrial Average (DJIA) added roughly 160 points, or 0.3%, to trade near 52,800 on Thursday while the S&P 500 slipped 0.2% and the NASDAQ Composite shed 0.9%. An early dip to 52,586 found buyers within t…
Finance
Euro pauses a two-day winning streak as the US Dollar steadies
EUR/USD trades with a downside bias on Thursday, snapping a two-day winning streak as the US Dollar (USD) steadies following recent losses driven by softer-than-expected United States (US) inflation data. At the time of…
Finance
Euro edges lower against the Japanese Yen despite ECB rate hike expectations
EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week. The pair is edging slightly lower as the Japanese Yen (JPY) regains some foot…
Finance
Silver miners slide as spot price drops on Iran tensions
The gold price has experienced its steepest weekly decline in more than 40 years, dropping as low as US$4,100 per ounce in early morning trading on Monday (March 23).