Author: FX

Fuel retailer Ampol's first-quarter refinery margin halves amid global slump Source link

Bank of Japan Governor Ueda sounding like the prospect of another BoJ rate hike is receding:May need policy response but will decide appropriately in line with changing developments, when asked about BOJ response if U.S. tariff policy puts downward pressure on Japan’s economyWill scrutinise without any pre-conception impact of U.S. tariff policy on Japan’s economy, as is already affecting corporate, household confidenceFrom February onwards, risks surrounding U.S. tariff policy have moved closer towards ‘bad’ scenario BOJ envisionedExpect domestic food inflation to moderate, real wages to stablise in positive territory from middle of this yearSee both upside, downside risks to price…

AUD/USD retreats toward the 0.6280 zone during Monday’s American session after peaking near 0.6340.Sentiment on the US Dollar seesaws amid fresh trade headlines and recession commentary.Key resistance is noted around 0.6320 and 0.6410; support lies near 0.6290 and 0.6280.The Australian Dollar (AUD/USD) gave up its earlier strength on Tuesday, falling from session highs near 0.6340 to trade closer to the 0.6280 area during North American hours. The reversal came as the US Dollar Index (DXY) attempted a modest bounce off its three-year low near the 99.00 mark. This shift in tone followed remarks from US officials suggesting reduced recession risks and…

Google's spam policy hit by EU antitrust complaint from German media company Source link

Amazon has reached out to its third-party sellers to better understand how the recent U.S. tariffs—particularly those targeting Chinese imports—are affecting their operations.Over 60% of Amazon’s sales come from third-party sellers, many of whom source products from China.The move signals Amazon’s concern over potential supply disruptions and pricing shifts ahead of peak retail seasons.Amazon shares are currently trading down $1.98 or -1.05% at $180.20. Looking at the hourly chart, the price remains between its 50 hour moving average at $178.90 and its 100 hour moving average above at $185.31. The high price from Monday’s trade tested the 100 hour moving…

GBP/USD hits 6-month high above 1.3200 as markets shun USD amid tariff turmoil   The Pound Sterling rose and refreshed six-month highs against the US Dollar on Tuesday as the financial markets’ narrative remains linked to the US imposing tariffs. Cable shrugged off soft UK jobs data; hence, the GBP/USD rallied 0.36% and traded at 1.3233. Read More…   Pound Sterling outperforms on strong UK employment data The Pound Sterling (GBP) advances against its major peers, except antipodeans, on Tuesday after the release of the United Kingdom (UK) labor market data for three months ending February. The Office for National Statistics…

Today’s labour market report for the UK – released by the Office for National Statistics (ONS) – has the Bank of England (BoE) caught between a rock and a hard place. Wage pressures remain elevated and job figures appear to be starting to feel the impact of US President Donald Trump’s tariff plans, as well as the UK government’s economic policies. According to the ONS report, the unemployment rate held steady at 4.4% in the three months to February, in line with market expectations. This is the fourth consecutive month that the rate has remained at this level, after recording…

China’s preliminary trade data for metals, released yesterday, showed imports of unwrought Copper fell 1.4% YoY to 467kt in March, ING’s commodity experts Ewa Manthey and Warren Patterson note.COMEX Gold inventories are now starting to decline”Cumulative imports fell 5.2% YoY to 1.3mt in the first three months of the year. The widening in the COMEX/LME arb likely drew more Copper shipments into the US rather than China. Meanwhile, Copper concentrate imports increased 2.7% YoY (+9.8% MoM) to 2.39mt in March, while year-to-date imports rose 1.8% YoY to total 7.1mt.””On the export side, China’s unwrought Aluminium and Aluminium product shipments fell…

China to tighten EV battery rules to reduce fire and explosion risks Source link

Prior +0.8%HICP +0.9% vs +0.9% y/y prelimPrior +0.9%Core annual inflation is also seen steady at 1.3%, the same as in February. So, this is one spot that the ECB can take heart in. And at the balance, France is not going to take as big of a hit from US tariffs; all else being equal. This article was written by Justin Low at www.forexlive.com. Source link