Author: FX

Markets tumbled on Thursday as escalating US-Iran conflict drove Brent crude above $100 for the first time since 2022, while signs of stress in the $1.8 trillion private credit market triggered sharp selling in financials and pushed the S&P 500 to its lowest levels since November. The dollar rallied to near two-month highs as traders pared back Federal Reserve rate cut expectations amid rising inflation concerns tied to the energy shock. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: New Zealand Manufacturing Sales for December 31,…

Here are the major earnings before the open Friday Source link

There was a time when a $65 drop in gold was blockbuster news for the precious metals market, now it’s the usual daily volatility. That’s in part because the market is more lively but it mostly reflects the law of big numbers in that at $5108, a $65 is just a 1.2% decline.Zooming out, the chart shows why as today’s price action is within the weekly range and certainly within the March range of $5000-$5400.Those are the levels to watch and I tend to think that any move inside of that is noise. The bearish argument for gold is:A strong…

HSBC stresses stable income as crucial in the current environment and maintains bonds as a core portfolio component. With inflation largely contained and rate-cut cycles nearing completion, the bank prefers UK gilts, Australian government bonds and selected emerging market debt, favouring investment grade over high yield and medium-to-long duration in EUR and GBP, while keeping medium duration in USD.Income strategies across sovereign and credit”Stable income is critical in an evolving financial and geopolitical landscape, both as a source of returns and a means to reduce portfolio volatility, supporting bonds as a key portfolio component in both good and bad times.””We’re…

Prior was -1.30BExports 62.48B vs 65.55B priorImports 66.13B vs 66.85B priorCanada’s merchandise exports decreased 4.7%, while imports were down 1.1%. The 4.7% decline is the largest percentage decline since April 2025. Exports of motor vehicles and parts fell 21.2% to $5.4 billion in January, the lowest level since September 2021. Changes in the models produced resulted in prolonged seasonal production stoppages in January, which strongly affected exports of passenger cars and light trucks so there should be some rebound ahead.There was also a slowdown in gold exports but that’s a lumpy category and also doesn’t reflect any kind of change…

BNP Paribas highlights that European Union exports to China fell sharply in 2025, while exports to nearby partners such as Türkiye, Morocco, Ukraine and the Balkans increased. The bank notes that these neighbours now absorb a larger share of EU exports than China and sees this shift as structural, supported by investment, nearshoring and EU industrial policy initiatives.Neighbouring markets gain share in exports”Market opportunities in China are shrinking dramatically due to the country’s shift towards higher-end products and its import substitution policy. 2025 marked an unprecedented turning point in this regard: European exports to China fell by 14% in nominal…

Metals Acquisition II prices $200M IPO at $10 per unit Source link

Before the US-Iran conflict, EUR/USD took a run at the 1.2000 level as upside risks looked more likely to win out as we started the year. But in the last two weeks, the script has completely flipped amid surging energy prices globally. In particular, European gas has also surged higher in following oil prices as Iran threatens further disruption in the Gulf region.That has not only seen the dollar come back into favour but is also weighing on the euro amid higher energy prices. That might prove to be a drag on economic activity in the region, which until recently…

Let’s walk through a real application. On Tuesday morning, GBP/USD opens at 1.2650 during the London session. Within the first hour, price reaches a high of 1.2685 and a low of 1.2638. The Orb Indicator draws two horizontal lines at these levels. These become your key reference points. Throughout the session, price consolidates between these boundaries. At 11:30 AM EST, a strong bullish candle closes at 1.2692—above the opening range high. Traders watching the Orb Indicator recognize this as a potential breakout signal. The move continues to 1.2730 over the next three hours because the break confirmed directional intent from…

Standard Chartered strategist Nicholas Chia now expects the Reserve Bank of Australia to raise the cash rate to 4.10% at the 17 March meeting, reversing a prior call for a hold. The bank still anticipates another hike in Q2, lifting its terminal rate forecast to 4.35%. Firm activity data and rising inflation expectations are seen driving RBA hawkishness.Rising expectations push RBA hawkish”Recent activity indicators remain firm and RBA messaging prior to the blackout period has leaned hawkish.””But what moved the needle for us was the recent upshift in inflation expectations, which we think the RBA has very limited tolerance for.…