Author: FX
Trump’s hawkish Iran speech sent oil prices surging more than 10% and triggered sharp swings across markets, with the U.S. dollar closing as the session’s top performer. Source link
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Tomorrow is one of those rare calendar collisions: the March non-farm payrolls report is released at 8:30 am ET on Good Friday — a day when the stock market is closed.Good Friday has been a NYSE holiday almost every year since 1864. It’s the only stock market holiday that isn’t also a federal holiday. The date moves around because it’s tied to the lunar calendar — and this year it falls on April 3.The BLS releases the employment situation report on the third Friday after the week containing the 12th of the month, which is usually the first Friday of…
Commerzbank’s Tatha Ghose argues that upcoming Turkish CPI data are largely obsolete given the looming impact of higher energy prices. He expects a strong March monthly print but stresses that external-shock inflation may be treated as transient by FX markets. Regardless, he maintains that the Lira is likely to continue a steady structural depreciation path, with geopolitics shaping near-term reactions.External shock inflation and structural FX drag”On Good Friday, Turkey’s statistics office will release March CPI and PPI data. Market expectations point to a slight moderation in headline CPI year-on-year, but an acceleration in core inflation. However, under current circumstances, our…
Nvidia's H100 GPU rental prices surge nearly 40% in 6 months: SemiAnalysis Source link
The USDCAD closed Monday at 1.3917. Although the pair pushed higher on Tuesday to a cycle high of 1.39658, that momentum could not be sustained. The price reversed lower, closing at 1.3907, and extended the decline today to a low of 1.3870.On the move down, sellers were able to push below the rising 100-hour moving average, but downside momentum stalled ahead of key support. The price held above the 38.2% retracement of the rally from the March 23 low at 1.38525 and the rising 200-hour moving average at 1.38465. Those levels remain critical downside targets—break below them would be needed…
Standard Chartered’s India economists Anubhuti Sahay and Saurav Anand cut India’s FY27 GDP growth forecast to 6.4% from 7.0% and FY26 to 7.3% from 7.6%, citing elevated energy prices and Middle East tensions. They now see higher CPI inflation at 4.7% in FY27, a wider C/A deficit, persistent BoP shortfalls and a risk of RBI rate hikes if global yields rise further.Higher energy costs hit growth and BoP”We revise our macro forecasts amid the ongoing Middle East conflict and the likelihood of a prolonged period of elevated energy prices.””We lower our GDP growth forecast for FY27 to 6.4% from 7%…
Roland Magnusson/iStock Editorial via Getty ImagesAstraZeneca (AZN) announced on Thursday that a combination regimen containing its antitumor agent, Imfinzi, was successful in a late-stage trial for a subset of patients with hepatocellular carcinoma, the most common type of liver cancer. The EMERALD-3 Phase 3 trial Source link
FUNDAMENTAL OVERVIEWOil prices rose back to the weekly highs after Trump disappointed the market in today’s speech. Earlier in the week, crude oil came under pressure after Trump basically confirmed the WSJ report in a Truth Social post that he would be open to end the war with Iran without the Strait of Hormuz opening condition. Later that day we also had Iranian President saying that they were ready to end the war but wanted guarantees.It looks like the market wrongly ignored yesterday’s news though. In fact, Trump posted this on his Truth Social:“Iran’s New Regime President, much less Radicalized…
Silver price (XAG/USD) slumps to around $70.60 during the early European session on Thursday. The white metal faces some selling pressure after comments from US President Donald Trump on the Iran conflict. Trump said during a primetime televised speech from the White House on Thursday that his core “objectives are nearing completion” in Iran. Nonetheless, he added that the US would hit Iran “extremely hard” for the next two to three weeks.These remarks have pushed crude oil prices higher and reduced expectations of interest rate cuts. Silver is often used amid geopolitical uncertainty but does not yield interest, making it less attractive when…