France 10-y Bond Auction rose from previous 3.39% to 3.73%
France 10-y Bond Auction rose from previous 3.39% to 3.73%
EUR/JPY trades flat around 184.00 as investors seek clarity on ECB-BoJ policy outlook
The EUR/JPY pair trades in a tight range around 184.00 during the European trading session on Thursday. The pair consolidates as investors seek fresh cues regarding how monetary policies by the European Central Bank (ECB) and the Bank of Japan (BoJ) will flare going ahead.
WTI rises above 101.00 as Trump’s Iran stance fuels supply fears
West Texas Intermediate (WTI) oil price rises over 7% after two days of losses, trading around $101.10 per barrel during the European hours on Thursday.
Gold pares intraday losses and moves closer to $4,650; not out of the woods yet
Gold (XAU/USD) trims a part of its heavy intraday losses and recovers closer to the $4,650 region during the first half of the European session. Any meaningful upside, however, still seems elusive in the wake of a goodish pickup in the US Dollar (USD) demand.
Brazil Fipe’s IPC Inflation climbed from previous 0.25% to 0.59% in March
Brazil Fipe's IPC Inflation climbed from previous 0.25% to 0.59% in March
Oil: War risks and Strait tensions – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton notes that Brent briefly fell below $100 before Donald Trump’s national address reversed risk sentiment, sending Oil higher and bond yields up.
ECB Simkus: Too early to say what we’ll need to do in April
European Central Bank (ECB) Governing Council (GC) member and Governor of the Lithuanian central bank, Gediminas Simkus, said during European trading hours on Thursday that the central bank needs to exercise caution on interest rates as the situation is changing.
USD/INR: Regulatory squeeze supports Rupee – MUFG
MUFG’s Senior Currency Analyst Michael Wan analyzes new RBI measures restricting Indian Rupee non-deliverable derivatives and recent limits on onshore USD/INR positions. He argues these steps deepen the divide between onshore and offshore markets and aim to curb INR weakness.
EUR/GBP Price Analysis: Euro stands tall above 0.8700 in risk-off markets
EUR/GBP’s reversal from one-month highs at 0.8740 found buyers right above 0.08700 on Wednesday, and the pair has trimmed losses on Thursday, returning to the 0.8720 area at the time of writing.The Euro (EUR) seems to be faring better than the British Pound (GBP) amid the risk-averse market mood, an
RBNZ to hold OCR steady at 2.25% in meeting on April 8 – Reuters poll
According to a poll from Reuters, all 32 economists are in favor that the Reserve Bank of New Zealand (RBNZ) will leave its Official Cash Rate (OCR) unchanged at 2.25% in the monetary policy meeting on April 8.
US: Inflation upturn with oil shock – Commerzbank
Commerzbank economists Dr. Christoph Balz and Dr. Ralph Solveen argue that higher Oil prices from the Iran War are set to push US inflation higher. They expect March CPI to rise 0.9% month-on-month and 3.3% year-on-year, with core at 0.3% and 2.7%.
NZD/USD Price Forecast: Holds losses near 0.5700, four-month lows
NZD/USD depreciates nearly 0.8% after two days of gains, trading around 0.5710 during the European hours on Thursday. The technical analysis of the daily chart signals a persistent bearish bias as the pair remains within a descending channel pattern.