AUD/USD advances to near 0.6380 as upbeat Aussie employment data is likely to force traders to pare RBA dovish bets. On Tuesday, the RBA cut its OCR by 25 bps to 4.10%, the first interest rate cut in more than four years. Higher US Initial Jobless Claims have weighed further on the US Dollar. The … Read more
EUR/USD edges slightly higher as the US Dollar declines even though US President Trump continues to threaten to impose tariffs globally. The FOMC Minutes showed on Wednesday that officials are concerned over upside risks to inflation. ECB’s Schnabel expected the central bank to pause the policy-easing cycle. EUR/USD rises to near 1.0440 as the US Dollar (USD) … Read more
Supply uncertainty continues to support the oil market, which faces multiple risks, including disruptions to Kazakh flows, the potential for a delay in the return of OPEC+ barrels, weather events in the US, and ever-present sanctions risks hanging over the market. The concerns pushed ICE Brent back above US$76/bbl yesterday, ING’s commodity analysts Warren Patterson … Read more
Australian Dollar (AUD) is under mild downward pressure vs US Dollar (USD); it could edge lower but is unlikely to break below 0.6305 (there is another support at 0.6325). In the longer run, momentum is slowing; a breach of 0.6305 would indicate that AUD is likely to trade in a range instead of advancing, UOB … Read more
The Pound Sterling rises around 1.2610 against the US Dollar while investors wait for more developments in President Trump’s international policies. The FOMC minutes showed on Wednesday that officials are worried about deepening upside risks to inflation. Investors await the UK Retail Sales report for January and the preliminary S&P Global UK/US PMI data for February, scheduled … Read more
The Japanese Yen continues to strengthen amid rising bets for additional BoJ rate hikes. Trump’s tariff threats weigh on investors’ sentiment but also benefit the safe-haven JPY. The Fed’s hawkish outlook fails to impress the USD bulls or lend support to USD/JPY. The Japanese Yen (JPY) bulls retain control heading into the European session on … Read more