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Nifty – Big move captured, Bitcoin analysis, MCX Aluminium analysis [Video]
Elliott Wave Analysis flagged a high-conviction structural low on Nifty 50 near 22,200's. What followed was a sharp, impulsive rally straight into the 22,700 resistance zone, a move that Wave Theory had mapped well in advance.
CAD: Trade, tariffs and growth backdrop – RBC
Royal Bank of Canada (RBC) analysts point out that recent and prospective tariff changes, higher energy prices and CUSMA renewal talks will shape Canada’s macro backdrop, relevant for the Canadian Dollar (CAD).
AUD/USD slides as Trump escalates Iran conflict, boosting USD and oil
The AUD/USD fell to near the 0.6890 price region on Thursday, as markets turned sour amid escalating Middle East fighting and a surge in the safe-haven US Dollar (USD).
US stocks slide as Trump calls for war escalation
US President Donald Trump's address to the nation on Wednesday night did the opposite of what many hoped. He called for bombing Iran "back to the stone age" in a 21:00 EST address that failed to offer the de-escalatory language that many observers expected.
INR: RBI seen steady on rates – Societe Generale
Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral stance, focusing on stability after recent Oil and FX shocks.
Oil: War escalation risks keep prices elevated – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices rebounded strongly, with Brent above $107/bbl and WTI near $106/bbl, after US President Donald Trump threatened a further escalation of the conflict with Iran.
US: Basel III relief to boost wider spreads – TD Securities
TD Securities strategists Gennadiy Goldberg, Molly Brooks and Jan Nevruzi argue that proposed Basel III endgame and related US bank capital changes should ultimately support wider US swap spreads, particularly at the long end.
Eurozone: Energy shock risks and softer inflation dynamics – BNP Paribas
BNP Paribas analysts assess how the new energy shock from war in Iran and higher Oil and gas prices compares with 2022 for the Eurozone. They argue the current backdrop is less inflationary, with weaker demand and fewer supply constraints, and central banks now more reactive.
France Budget Balance fell from previous €-9.72B to €-32.12B in February
France Budget Balance fell from previous €-9.72B to €-32.12B in February
France Budget Balance: €-32.1B (February) vs previous €-9.72B
France Budget Balance: €-32.1B (February) vs previous €-9.72B
AUD: Solid data overshadowed by fuel risks – Rabobank
Rabobank’s Senior Market Strategist Benjamin Picton notes that Australia entered the conflict period with solid momentum, as the February trade surplus beat expectations and Q1 job vacancies rose.
Penguin Solutions, Inc. (PENG) Q2 earnings and revenues surpass estimates
Penguin Solutions, Inc. (PENG) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.
USD/JPY Price Forecast: Recovers from 20-day EMA as US Dollar’s safe-haven demand revives
The USD/JPY pair is up 0.4% to near 159.50 in the early European trade on Thursday. The pair recovers strongly after a two-day corrective move as the safe-haven demand of the US Dollar (USD) has revived, following threats that the United States (US) will hit Iran extremely hard in the coming weeks.
Gold weakens further below $4,600 as Trump dampens de-escalation hopes and lifts USD
Gold (XAU/USD) extends its sharp intraday rejection slide from the $4,800 mark, or a two-week high, and dives to mid-$4,500s heading into the European session on Thursday amid a broad-based US Dollar (USD) rally.
Switzerland Consumer Price Index (MoM) below expectations (0.5%) in March: Actual (0.2%)
Switzerland Consumer Price Index (MoM) below expectations (0.5%) in March: Actual (0.2%)
Switzerland Consumer Price Index (YoY) registered at 0.3%, below expectations (0.5%) in March
Switzerland Consumer Price Index (YoY) registered at 0.3%, below expectations (0.5%) in March
Pound Sterling weakens on Trump’s war comments
The GBP/USD pair attracts some sellers to near 1.3215 during the early European trading hours on Thursday. The Pound Sterling (GBP) weakens against the US Dollar (USD) as US President Donald Trump’s comments dampen de-escalation hopes.
USD: Haven bid may pause with capped DXY – DBS
DBS strategist Philip Wee argues that the US Dollar’s near-term haven support could pause unless US equities make fresh year lows.
USD/CAD bounces up on risk-off markets and returns above 1.3900
The US Dollar (USD) is retracing Wednesday’s losses against the Canadian Dollar on Thursday, as investors resume the cautious trade witnessed in March, amid dwindling hopes of a de-escalation in Iran.
USD/INR: RBI clampdown reshapes derivatives market – Commerzbank
Commerzbank analysts Dr. Henry Hao and Moses Lim note that the Reserve Bank of India (RBI) has banned authorised dealers from offering non-deliverable INR derivative contracts to residents and non-residents, and from transacting FX derivatives with related parties.
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