Author: FX
The Australian Dollar (AUD) is poised to end Friday’s session flat against the US Dollar (USD), even though an improvement in market mood drove the Greenback toward four-week lows near 98.52, according to the US Dollar Index (DXY). Source link
Mary Daly, President of the Federal Reserve (Fed) Bank of San Francisco, told Reuters in an interview on Friday that if Iran conflict is resolved quickly and Oil prices come back down, a rate cut may not be out of the question.Key takeaways:If Iran conflict resolves quickly and oil prices come back down, a rate cut is ‘not out of the question’. If inflation stays elevated for longer than anticipated, we would hold steady until we know we are getting the inflation job done. We had work to do on inflation before the oil price shock; now, the work just…
Commerzbank’s Dr. Henry Hao sees upside risks to China’s Q1 2026 GDP versus the bank’s 4.6% forecast, supported by resilient exports and front‑loaded public investment. Industrial production is projected to grow 5.5% year‑on‑year, while retail sales slow to 2.5%. The bank warns that secondary shocks from the Iran war could later erode China’s export advantage and prompt further policy easing.Resilient activity but external risks linger”We expect China to report a Q1 GDP growth of 4.6% yoy.””China’s Q1 GDP faces upside risks to our 4.6% forecast, supported by resilient exports and front-loaded public investment.””We expect March industrial production to grow 5.5%…
Iranian officials land at Nur Khan Airbase in Islamabad under Pakistan’s Air Force escort ahead of peace talks, two Pakistani sources involved in talks Iranian delegation led by Iran’s Parliament Speaker Qalibaf arrived in Islamabad ahead of peace talks with U.S. Iran says talks with U.S. to begin if “preconditions are accepted” – Iranian media Iranian media says Iran’s delegation includes foreign minister, defence council secretary, central bank governor and several parliament membersThe U.S. delegation, led by Vice President JD Vance, and including Jared Kushner and Steve Witkopf are expected to arrive shortly. This article was written by Greg Michalowski…
The GBPUSD is heading into the close trading near the lower end of a well-defined swing-area ceiling between 1.34708 and 1.3488 (see red numbered circles on the chart below). This zone has repeatedly capped upside attempts over the past six or so weeks, making it a key barometer for buyer conviction. Each test has attracted sellers, but the fact that the pair is once again pressing into the lower bound of that range suggests buyers are not backing down. If the price can build momentum and extend above the top of this ceiling area, it would signal a meaningful shift…
ING’s Chief Economist for Greater China, Lynn Song, highlights that Taiwan’s March trade data far exceeded expectations, with exports and imports surging and the trade surplus more than doubling year-on-year in the first quarter of 2026. The report stresses Taiwan’s growing dependence on tech-related exports, rising export prices, and significant upside surprises that are prompting an upgrade to 2026 GDP growth forecasts despite energy-related risks.Tech-led trade boom reshapes growth outlook”Despite the upside surprise in import growth, the boom in exports far outweighed the faster imports when we look at the trade balance. Taiwan’s trade balance rose to a five-month high…
Fars is reporting that Israel will announce it’s commitment to a ceasefire at 4 AM Beirut time (it is 10:15 PM now in Beirut). The announcement gives a path to peace talks between the US and Iran this weekend…WHat to expect?The U.S. position, led by JD Vance, is centered on security and stability. The primary goal is to eliminate any pathway for Iran to develop a nuclear weapon, which means strict limits—or potentially a halt—to uranium enrichment, backed by strong verification and inspection measures. The U.S. is also pushing for the reopening and protection of the Strait of Hormuz to…
The S&P 500 is struggling to hold onto what would mark its eighth consecutive day of gains on Friday. The index rose 0.2% by lunchtime, aided by a slightly lower core Consumer Price Index (CPI) reading than expected and expectations of a negotiated settlement between the US and Iran over the coming weekend, only to sink to -0.1% by the late afternoon. The S&P 500 has risen nearly 8% off its March 30 lows over the past eight sessions, particularly boosted by the initial call for a ceasefire on Tuesday evening. US Vice-President JD Vance is heading to Islamabad, Pakistan, with…
Gold (XAU/USD) price remains steady on Friday, poised to finish the week with gains of almost 2% as the US Dollar tumbles amid optimism about Iran-US talks in Pakistan throughout the weekend. Also, a mildly high US inflation report trimmed the Federal Reserve’s (Fed) dovish bets for 2026. The XAU/USD pair trades at $4,763, up 0.01%.Gold’s faith in US-Iran talksAn improvement in risk appetite pushed bullion prices higher, even though Israel’s attacks on Lebanon continued, threatening to end the two-week ceasefire agreed by the US and Iran. On the other hand, Tehran has also failed to open the Strait of…
The price of crude oil is settling at $96.57. That is down $-1.30 or -1.33% on the day.For the week, the price is down $-16 or -14.29%. The price is also below the 100 and 200 hour moving averages at $102.87 and $103.57. The big catalyst was the announcement of a cease-fire and the potential for the re-opening of the Straits of Hormuz. Although, not fully open (it is virtually closed still), the market is discounting some sort of reopening soon). The June contract is trading at $89.13.The price low on February 26 came in at $63.81, just ahead of…