United Kingdom Halifax House Prices (MoM) came in at -0.5% below forecasts (0.1%) in March
United Kingdom Halifax House Prices (MoM) came in at -0.5% below forecasts (0.1%) in March
Germany Factory Orders s.a. (MoM) came in at 0.9% below forecasts (2%) in February
Germany Factory Orders s.a. (MoM) came in at 0.9% below forecasts (2%) in February
WTI nosedives below $90 as Iran agrees to reopen Hormuz for two weeks
West Texas Intermediate (WTI), futures on NYMEX, slide over 11% below $90.00 on Wednesday, as Iran has agreed to reopen the Strait of Hormuz, a critical passage to 20% of global energy supply, for two weeks in return for a temporary ceasefire with the United States (US).
EUR/GBP edges lower to near 0.8700, ECB hawkish stance cushions downside
The EUR/GBP cross declines to near 0.8700 during the early European session on Wednesday. A two-week ceasefire agreement between the United States (US) and Iran has improved global risk sentiment, which typically favors the Pound Sterling (GBP) over the Euro (EUR).
US Dollar Index (DXY) Price Forecast: Struggles below 99.00, one-month low amid risk-on
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts heavy selling on Wednesday and plummets to a nearly one-month trough during the Asian session in reaction to the US-Iran ceasefire news.
Canadian Dollar gains as market sentiment improves after US-Iran ceasefire
USD/CAD continues to lose ground for the third successive day, trading around 1.3830 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) declines on decreased safe-haven demand after the United States (US) and Iran agreed on a two-week ceasefire.
Asian stocks surge on US-Iran ceasefire news; Nikkei 225 and Kospi jump over 5%
Asian equity markets rallied on Wednesday, tracking US stock index futures, in reaction to the US-Iran ceasefire news, with Japan’s Nikkei 225 and South Korea’s Kospi rising over 5% intraday.
US President Donald Trump says ‘big day for world peace’ as attacks paused
US President Donald Trump said on a Truth Social post that Tuesday was “a big day for world peace.” Trump added that the US will be “helping with the traffic buildup” in the Strait of Hormuz and that “big money will be made” as Iran begins reconstruction.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Wednesday, according to data compiled by FXStreet.
India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.25%)
India RBI Interest Rate Decision (Repo Rate) in line with expectations (5.25%)
India Reverse Repo Rate remains unchanged at 3.35%
India Reverse Repo Rate remains unchanged at 3.35%
Pound Sterling advances as US-Iran ceasefire improves market sentiment
GBP/USD extends its winning streak for the third consecutive day, trading around 1.3400 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) declines on decreased safe-haven demand after the United States (US) and Iran agreed on a two-week ceasefire.