United States 5-Year Note Auction increased to 3.98% from previous 3.615%
United States 5-Year Note Auction increased to 3.98% from previous 3.615%
GBP/USD slips as risk aversion, sticky UK inflation lift US Dollar
The Pound Sterling (GBP) reverses course on Wednesday as the Greenback edges higher on the day, as risk appetite deteriorates following news reports that Iran's nuclear Bushehr power plant was hit.
AUD/USD struggles as inflation data, Oil volatility, and RBA outlook clash
The AUD/USD pair fell to near the 0.6960 price zone amid mixed Australian inflation data and shifting global risk sentiment, keeping traders cautious.
Silver pauses recovery as US-Iran ceasefire optimism fades
Silver (XAG/USD) pauses its intraday advance on Wednesday, consolidating below the daily high as initial optimism around US-Iran ceasefire efforts fades following Iran’s response.
Denmark: Government formation faces prolonged negotiations – Nordea
Nordea’s Group Chief Economist Helge J. Pedersen notes that the Danish parliamentary election has produced a highly fragmented Folketing, with 12 parties entering parliament and no majority for either the red or blue bloc. The Moderates, led by Lars Løkke Rasmussen, now hold the balance of power.
Russia Industrial Output registered at -0.9%, below expectations (1.1%) in February
Russia Industrial Output registered at -0.9%, below expectations (1.1%) in February
Oil stabilizes after losses as US-Iran talks ease supply fears, inventories rise
West Texas Intermediate (WTI) trades around $88.20 on Wednesday at the time of writing, up 0.40% on the day, attempting to stabilize after a recent pullback.
Gold recovers as Oil prices cool and Iran resists US ceasefire plan
Gold (XAU/USD) extends its recovery on Wednesday after falling to four-month lows earlier this week, as early buyers step in following a sharp selloff.
Fed: Oil shock complicates rate path – TD Securities
TD Securities strategists Oscar Munoz and Eli Nir argue that the Federal Reserve (Fed) faces conflicting signals as the Iran conflict drives an Oil shock.
EUR/USD under pressure as Iran pushes back against US ceasefire proposal
The Euro (EUR) trades under pressure against the US Dollar (USD) on Wednesday, as the Greenback remains well supported amid conflicting headlines surrounding US-Iran ceasefire efforts.
USD: Upside risk persists in conflict-driven markets – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that global risk sentiment has improved as markets position for a potential conflict resolution involving Iran, with DXY consolidating below 100.00.
USD/CAD: Overshoot risk near 1.38 zone – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is drifting lower as positive US Dollar momentum pulls USD/CAD away from their fair value estimate.