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Fed: Leadership change and rate-cut pressure – Commerzbank
Antje Praefcke at Commerzbank discusses the likely confirmation of Kevin Warsh as new Fed Chair in May, potentially succeeding Jerome Powell by mid‑month.
United States ADP Employment Change 4-week average dipped from previous 54.8K to 39.3K in April 4
United States ADP Employment Change 4-week average dipped from previous 54.8K to 39.3K in April 4
Gold hits four-week low as firmer US Dollar, Oil-driven inflation weigh
Gold (XAU/USD) slips to a near one-month low, pressured by a firmer US Dollar (USD) and mounting Oil-driven inflation concerns, as investors await clearer signals on stalled diplomatic efforts between the United States (US) and Iran to end the war.
USD: Risk resilience caps gains – ING
ING strategist Francesco Pesole notes that despite higher Oil prices and geopolitical uncertainty, the Dollar has only found limited support as resilient US equities and month‑end flows weigh on USD performance.
Brazil Mid-month Inflation rose from previous 0.44% to 0.89% in April
Brazil Mid-month Inflation rose from previous 0.44% to 0.89% in April
WTI Oil rises to $98.00 with the US-Iran peace process stalled
Crude prices appreciated for the second consecutive day on Tuesday, with the US benchmark West Texas Intermediate (WTI) barrel changing hands at $98.00 at the time of writing, its highest price since April 13.
USD/JPY Price Forecast: Recovers strongly after testing Descending Triangle breakout
The USD/JPY pair is up 0.17% to near 159.70 during the European trading session on Tuesday. The pair trades higher as the US Dollar (USD) outperforms its peers ahead of the two-day Federal Reserve (Fed) policy meeting, which will start later in the day.
USD/JPY: Intervention risks rise with BoJ caution – TD Securities
TD Securities analysts note that the Bank of Japan's (BoJ) decision to keep its policy rate unchanged at 0.75% and Governor Ueda’s lack of clear guidance for June have disappointed markets.
USD/CAD edges higher as safe-haven demand meets Oil-supported Canadian Dollar
USD/CAD trades around 1.3665 on Tuesday, up 0.27% on the day, rebounding after briefly dipping below the 1.3600 mark on Monday. The upside move remains limited in a context shaped by diverging fundamental forces.
Brent: Prices hold near recent highs – Deutsche Bank
Deutsche Bank strategists note that Brent Oil has climbed to its highest level in three weeks as the Strait of Hormuz remains effectively closed and peace talks between the United States (US) and Iran stall.
Silver Price Forecast: XAG/USD plunges below $73 amid caution ahead of Fed’s policy
Silver price (XAG/USD) is down almost 3% below $73.00 during the European trading session on Tuesday. The white metal faces intense selling pressure as investors turn cautious ahead of the Federal Reserve’s (Fed) monetary policy announcement on Wednesday.
EUR/HUF: Downtrend extends with key supports – Societe Generale
Societe Generale analysts expect no change by the MNB today at 6.25% and describe EUR/HUF extending its decline after failing above the 200‑day moving average in March, with an interim low near 360.
BoE: Policy pause seen as restrictive – Standard Chartered
Standard Chartered strategists Christopher Graham and John Davies expect the Bank of England (BoE) to keep the base rate at 3.75% at the 30 April meeting, with a prolonged pause through this year.
Pound Sterling Price News and Forecast: GBP/USD bullish potential intact
The GBP/USD pair extends the previous day's retracement slide from the 1.3575 area, or over a one-week top, and attracts some follow-through selling on Tuesday.
EUR/USD holds losses below 1.1700 with ECB and Fed coming into focus
The Euro (EUR) has reversed the previous two trading days' recovery against the US Dollar (USD) on Tuesday and languishes right below 1.1700 ahead of the US session opening.
US Energy Secretary Wright: Trump is focused on getting right deal with Iran
United States (US) State Secretary of Energy Chris Wright said during the European trading session on Tuesday that President Donald Trump is focused on getting the right deal with Iran.
India Industrial Output below expectations (4.2%) in March: Actual (4.1%)
India Industrial Output below expectations (4.2%) in March: Actual (4.1%)
India Manufacturing Output fell from previous 6% to 4.3% in March
India Manufacturing Output fell from previous 6% to 4.3% in March
Bank of Japan expected to hold rates amid Iran war-driven inflation fears
The Bank of Japan (BoJ) will announce its monetary policy decision on Tuesday, at around 3:00 GMT. The BoJ is widely expected to deliver a hawkish hold, keeping the benchmark interest rate unchanged at 0.75% while also hinting at a willingness to hike rates.
WTI rises to near $95.50 as Strait of Hormuz remains shut
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $95.20 per barrel during the Asian hours on Tuesday. Crude oil prices rise as the critical Strait of Hormuz remains largely shut, tightening Middle East energy supplies.
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