West Texas Intermediate (WTI) Crude Oil prices catch aggressive bids during the Asian session on Thursday and surge past the $97.00 mark as US President Donald Trump's prime-time address gets underway.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8880 compared to the previous day's fix of 6.9025 and 6.8764 Reuters estimate.
US President Donald Trump said on Thursday that Iran's ability to launch missiles and drones has been curtailed. Trump added that the US does't need oil from the Middle East.
The EUR/USD pair holds steady around 1.1590 during the early Asian session on Thursday. Markets turn cautious ahead of US President Donald Trump’s address on the Iran war. The US weekly Initial Jobless Claims report is due later on Thursday.
Australia’s Trade Surplus widened to 5,686M MoM in February versus 2,258M in the previous reading (revised from 2,631M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for 2,500M.
Australia Imports (MoM) fell from previous 0.8% to -3.2% in February
Australia Exports (MoM) rose from previous -0.9% to 4.9% in January
Japan Monetary Base (YoY) declined to -11.6% in March from previous -10.6%
Australia Trade Balance (MoM) came in at 5686M, above forecasts (2500M) in February
Japan Foreign Investment in Japan Stocks: ¥-4B (March 27) vs ¥-2509.7B
US President Donald Trump will address the nation at 01:00 GMT on Thursday to give an “update” on the war with Iran, CNN reported. The speech will be the first major national address the president has delivered on the conflict since the first joint US-Israeli strikes on Iran in late February.
Gold price (XAU/USD) extends the rally to near $4,775 during the early Asian session on Thursday. The precious metal surges amid a weakening US Dollar (USD) and cooling geopolitical tensions in the Middle East.
