investingLive Asia-Pacific FX news wrap: Japan warns of more intervention if needed
Japan intervenes to defend yen and warns of further action over Golden Week Axios:Trump received briefing on plans for possible military action against Iran ASEAN ministers warn Middle East war…
Read More »Dow Jones Industrial Average bounces from 48,700 lows as post-Fed markets recover
DJIA futures dropped close to 0.7% on Wednesday, falling from a session high near 49,250 to a fresh session low around 48,700 during Powell’s press conference before staging a sharp…
Read More »US March Trade advanced goods trade balance -$87.8B versus $-86.95 billion estimate
Prior was $-83.5 billion Details: Trade deficit widened to $87.9B in March (vs. $83.5B in February) Deficit increased by $4.4B month-over-month Exports rose to $211.5B (+$5.2B from February) Imports climbed…
Read More »AUD/USD: Consolidation below resistance – UOB
UOB’s strategists Quek Ser Leang and Lee Sue Ann note AUD/USD is consolidating after failing to extend gains beyond 0.7200, trading instead between 0.7151 and 0.7195 and closing near 0.7183.
Read More »Japanese yen holds slightly higher after a more hawkish hold by the BOJ
The BOJ policy decision earlier sees USD/JPY drop back from around 159.50 to sit closer to the 159.00 level currently. The central bank opted to maintain the short-term interest rate…
Read More »Dow Jones Industrial Average futures slip as Iran tensions simmer, Fed week looms
Dow Jones Industrial Average (DJIA) futures traded around 0.4% lower on Monday, slipping to near 49,100 after dipping briefly below 49,050 earlier in the session.
Read More »EUR/GBP: Downside risks from head and shoulders – Societe Generale
Societe Generale’s Kenneth Broux and colleagues note that EUR/GBP has formed a lower high near 0.8740 and is struggling above its 200‑day moving average, with price action resembling a Head…
Read More »Gold continues to consolidate amid the US-Iran stalemate and the more hawkish Fed
FUNDAMENTAL OVERVIEW Gold has been stuck in a consolidation for almost a month now despite lower real yields, looser financial conditions and a weaker US dollar. The main thing that’s…
Read More »Pound Sterling trades lower at the start of BoE policy week
The Pound Sterling (GBP) faces selling pressure against its major currency peers, but is marginally higher against the US Dollar (USD) around 1.3545, during the European trading session on Monday.
Read More »Iran foreign minister says to continue talks with Oman on Strait of Hormuz
This ties back to the earlier headline, where Araghchi spoke about “important discussions” with Oman on the Strait of Hormuz. He now says that Iran and Oman have agreed to…
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