International Energy Agency chief Fatih Birol said during European trading hours on Wednesday that the ongoing oil supply crisis is worse than the two in the 1970s and Russia-related in 2022 put together.
United States MBA Mortgage Applications climbed from previous -10.5% to -10.4% in March 27
United Kingdom (UK) Prime Minister Keir Starmer said during European trading hours on Wednesday that the ongoing war in the Middle East will affect the future of our economy. Starmer expresses willingness to take the leadership role in the reopening of the Strait of Hormuz.
The Australian Dollar (AUD) is outperforming most of its peers on Wednesday, and extends gains against the US Dollar (USD), reaching the mid-range of 0.6900s, from 0.6833 lows on Tuesday, fuelled by higher risk-appetite amid hopes of a swift end to the Iran war.
In its Financial Policy Committee (FPC) statement released on Wednesday and reported by Reuters, the Bank of England (BoE) said the United Kingdom’s (UK) financial system remains resilient but warned that global risks are increasing as geopolitical tensions and stretched asset valuations raise the l
HSBC’s Willem Sels and Lucia Ku reiterate a constructive six‑month view on Gold, keeping an Overweight stance. They argue recent headwinds should be short-lived, with fundamentals still supportive.
UOB analysts Quek Ser Leang and Lee Sue Ann highlight a sharp EUR/USD rebound from 1.1446 to 1.1563, with scope for further gains toward 1.1595 while 1.1620 is seen as strong resistance.
TD Securities analysts expect the Bank of Canada (BoC) Summary of Deliberations to reiterate a dovish tone, emphasizing Canada’s softer domestic backdrop and recent disinflation.
The Indian Rupee (INR) bounces back against the US Dollar (USD) on Wednesday after a holiday due to the Shri Mahavir Jayanti the previous day.
Eurozone Unemployment Rate above expectations (6.1%) in February: Actual (6.2%)
AUD/JPY gains ground for the second consecutive trading day, trading around 110.10 during the European hours on Wednesday. The currency cross appreciates as the risk-sensitive Australian Dollar (AUD) receives support amid de-escalating Middle East tensions.
United States (US) President Donald Trump said to the United Kingdom (UK) Daily Telegraph that he is strongly considering pulling the US out of the North Atlantic Treaty Organization (NATO). Trump added that he always knew NATO was a 'Paper Tiger'.
