Author: FX

AUD/JPY was seen trading around the 92.80 zone ahead of the Asian session, pulling back after two consecutive days of gains. Despite the decline, the pair remains above the 92.00 threshold, with technical indicators still in negative territory. Sideways trading could persist above 92.00 as the market awaits fresh momentum, with resistance at 93.50 and support at 92.00. AUD/JPY fell on Thursday ahead of the Asian session, reversing some of the gains from earlier in the week. The pair dropped toward the 92.80 area, reflecting renewed bearish momentum after a brief period of buying pressure. While sellers regained control, the…

Crude oil futures settled down $-1.13 or -1.67% at $66.55. The low price reached $66.40. The high price reached $67.91.IEA forecasts global oil demand to rise by 1 million bpd in 2025, up from 0.83 million bpd in 2024.Supply expected to outpace demand by 0.6 million bpd, with OPEC+ set to restore 2.2 million bpd of production cuts and rising output from North and South America.Hopes for a peace deal with Russia and Ukraine could add Russian oil to the market lowering the priceMoreover, the U.S. trade wars create economic uncertainty, with new tariffs and retaliatory measures increasing downside risks.…

The Dow Jones shed 600 points on Thursday, falling 1.45%. US PPI inflation hit a soft patch, further easing fears of an inflation reignition. Despite easing price pressures, equities still took a hit as Trump threatens more tariffs. The Dow Jones Industrial Average (DJIA) fell some 600 points on Thursday, declining nearly one and one-half of a percent after United States (US) President Donald Trump and his administration ramped up their trade war rhetoric. President Trump pivoted to threatening new tariffs on targeted goods from the European Union after his tactic of trying to strong-arm Canada into making trade concessions went…

Dow +11 pointsS&P -4.0 pointNASDAQ -32 pointsLooking at the US debt market: 2 year yield 4.000%, +0.6 basis points 5 year yield 4.096%, +1 point basis points.10 year yield 4.339%, +2.3 basis points30 year yield 4.658%, +2 point basis pointsPres. Trump threatens retaliatory tariffs against EU tariffs on US whiskey.US envoy arrives in Russia for cease-fire talks. Russia’s need for a resolution that considers its interests, urged the US to acknowledge its demands, warned against superficial peace measures, and stated that Ukraine’s NATO membership is not negotiable in crisis resolution discussions. Source link

Producer inflation in the US softened in February. US Dollar Index stays in positive territory above 103.50. The Producer Price Index (PPI) for final demand in the US rose 3.2% on a yearly basis in February, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed the 3.7% increase recorded in January and came in below the market expectation of 3.3%. The annual core PPI rose 3.4% in the same period, down from 3.8% in January. On a monthly basis, the PPI was unchanged, while the core PPI declined by 0.1%. Market reaction The…

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

The Indian Rupee gathers strength in Thursday’s early European session.  Weakness in Asian peers and higher oil prices undermine the INR, but interbank USD sales might help limit its losses.  US February PPI data and the weekly Initial Jobless Claims will be the highlights later on Thursday.  The Indian Rupee (INR) trades on a firmer note on Thursday. Broad-based interbank US Dollar (USD) sales amid a weak global risk environment provide some support to the INR. Any significant depreciation of the Indian Rupee might be limited due to the potential foreign exchange intervention from the Reserve Bank of India (RBI).However,…

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The market spotlight was mainly on the U.S. CPI report for today, although tariffs-related updates still rocked some risk flows. The Bank of Canada (BOC) also took center stage with its decision to cut interest rates as expected and highlighted trade-related uncertainty. Here are the latest headlines and economic reports you need to take note of. Headlines: Trump’s 25% tariffs on steel and aluminum imports already in effect EU issued a statement detailing further trade countermeasures targeting 18 billion EUR worth of goods, including potential reimposition of previously suspended tariffs, to take effect April 1 OPEC+ crude output rose 363K…

The Consumer Price Index (CPI) increased by 0.2% in February month-on-month, below economists’ expectations of 0.3% uptick and slower than January’s 0.5% rise, according to data released by the U.S. Bureau of Labor Statistics. Headline annual inflation eased to 2.8% from 3.0% in the prior month. Key Points: Headline CPI fell from 2.8% to 3.8% year-on-year, as the monthly print showed a 0.2% uptick versus the projected 0.3% gain Core inflation (excluding food and energy) rose 0.2% month-over-month, below the 0.3% consensus forecast, bringing annual rate down from 3.3% to 3.1% Shelter costs increased 0.3%, accounting for nearly half of…