United States 4-Week Bill Auction remains at 3.62%
United States 4-Week Bill Auction remains at 3.62%
GBP/USD slides toward 1.3200 as Trump threats boost US Dollar
The British Pound retreats during the North American session after US President Donald Trump escalated the conflict, hinting that it will at least extend for two to three weeks. At the time of writing, the GBP/USD trades at 1.32144, down 0.40%.
Fed’s Logan: Payroll gains have been pretty weak
Lorie Logan, President of the Federal Reserve (Fed) Bank of Dallas, said that the Fed should not let balance sheets distract them from their main mission. Logan also claimed that central bank balance sheet growth isn’t bad if it meets the public's need during a speech at her bank on Thursday.
Gold recovers as sellers fail to hold below $4,600, USD and yields ease
Gold (XAU/USD) stages a rebound on Thursday and trims most of its intraday losses as sellers fail to sustain a move below the $4,600 level, while easing US Dollar (USD) and Treasury yields provide additional support.
NBP: Policy repricing risks grow – BNY
BNY's EMEA Macro Strategist Geoff Yu argues that the National Bank of Poland’s (NBP) March rate cut underestimated inflation risks linked to the regional conflict.
CEE: Energy shock erases PMI optimism – Commerzbank
Commerzbank’s Tatha Ghose notes that improving PMIs in Poland, Czech Republic and Hungary had signalled a potential upswing, helped by Germany’s earlier recovery signs.
EUR/GBP edges higher in choppy trade as Middle East tensions buoy Euro over Pound
EUR/GBP edges higher on Thursday, though it lacks strong follow-through buying, as choppy price action persists amid heightened volatility across the FX space.
United States EIA Natural Gas Storage Change came in at 36B, below expectations (38B) in March 27
United States EIA Natural Gas Storage Change came in at 36B, below expectations (38B) in March 27
CAD: Trade, tariffs and growth backdrop – RBC
Royal Bank of Canada (RBC) analysts point out that recent and prospective tariff changes, higher energy prices and CUSMA renewal talks will shape Canada’s macro backdrop, relevant for the Canadian Dollar (CAD).
AUD/USD slides as Trump escalates Iran conflict, boosting USD and oil
The AUD/USD fell to near the 0.6890 price region on Thursday, as markets turned sour amid escalating Middle East fighting and a surge in the safe-haven US Dollar (USD).
INR: RBI seen steady on rates – Societe Generale
Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral stance, focusing on stability after recent Oil and FX shocks.
Oil: War escalation risks keep prices elevated – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices rebounded strongly, with Brent above $107/bbl and WTI near $106/bbl, after US President Donald Trump threatened a further escalation of the conflict with Iran.