Author: FX
New Zealand’s Q1 2026 employment report delivered a modest but meaningful beat against expectations, as the jobless rate ticked lower while wage growth accelerated. Combined with a generally risk-on lean from cautious optimism for a US-Iran peace deal, the results kept the Kiwi supported while RBNZ expectations remained well-anchored. Watchlists are price outlook & strategy discussions supported by both fundamental & technical analysis, a crucial step towards creating a high-quality discretionary trade idea before working on a risk & trade management plan. If you’d like to follow our “Watchlist” picks right when they are published throughout the week, check out…
Veeco Q1 2026 slides: AI demand fuels growth outlook despite earnings miss Source link
The USDCHF continues to lean against its 100-hour moving average as a key resistance barometer. Corrective rallies last week stalled against that moving average on Tuesday, Wednesday, Thursday, and Friday — and today’s rally attempt once again failed near the same level. If buyers are to take back more control, the pair needs to break above and stay above the 100-hour MA at 0.77913. Until that happens, the buyers are not winning the technical battle.On the downside, the pair has moved back below a key swing area along with the 61.8% retracement of the move up from the January 2026…
The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East.At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day.The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term…
Trump and China’s Xi set for talks spanning Iran, nuclear, trade and AI Source link
HSBC economists note that “risk-on” G10 currencies, including the Australian Dollar (AUD), have outperformed the US Dollar (USD) this quarter on improved risk sentiment linked to Middle East de-escalation hopes. They highlight the Reserve Bank of Australia’s (RBA) third consecutive 25bp hike to 4.35%, keeping it an outlier among G10 central banks, and expects a wait-and-see stance unless further domestic fiscal support prompts additional tightening.Australian Dollar benefits from RBA stance”So far this quarter, “risk-on” G10 currencies, such as the AUD, NOK, and NZD have outperformed against the USD, helped by renewed optimism around a potential de-escalation of tensions in the…
It’s worth waiting to see how the US-Iran war develops before deciding whether to hike interest ratesInflation risks are skewed entirely to the upsideSluggish economy and loose labour market should limit second-round effects from energy shockBoE’s Greene has been one of the most hawkish members in the MPC for a while as she kept warning on upside inflation risks even before the US-Iran war started. More recently, she’s been curiously neutral despite the energy shock adding to the upside inflation risk argument. In fact, she preferred keeping rates steady because in her view, the sluggish economy and loose labour market…
Oil rises $4 after Trump rejects Iran’s response to US peace proposal Source link
When U.S. President Donald Trump rejected Iran’s latest peace proposal over the weekend, calling it “totally unacceptable,” oil markets and the U.S. dollar didn’t just shrug. The Strait of Hormuz, the narrow waterway through which roughly 20% of the world’s traded oil flows, had been at the center of tense negotiations in the past week. That rejection slammed the door on hopes for a quick resolution, and for traders, the implications ripple well beyond the price of crude. What Actually Happened? Let’s rewind a little. For much of last week, markets were buzzing with cautious optimism that the U.S. and…
Weekend:Summary:Trump rejected Iran’s peace response as totally unacceptable; Iran’s counter-proposal demanded war compensation, Hormuz sovereignty and sanctions relief before nuclear talks can beginIran laid out a three-phase framework with sweeping pre-conditions; the U.S. is demanding nuclear concessions upfront, leaving the two sides fundamentally opposedNetanyahu confirmed removal of Iranian nuclear material remains a war priority; reports indicate Trump told him he wants to go in on Iranian nuclear sitesSaudi Aramco warned a Hormuz reopening would take months to normalise markets; Qatar sent its first LNG cargo through the strait since the war beganChina’s April PPI hit a 45-month high of 2.8%,…