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Alphabet (GOOGL) technical update: Bulls regain control [Video]
Over the past months, we discussed GOOGL’s recent five-wave impulse, which set the stage for the recent corrective structure. As expected, the stock has seen a strong rebound over the last two weeks after completing a three-wave decline into the 270 area that we had been tracking. CLICK HERE
IMF's Georgieva: Central banks should hike rates if inflation expectations de-anchor
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said on Thursday that central banks should hike interest rates if inflation expectations threaten to de-anchor and ignite an inflation spiral, per Reuters.
USD/CNH: Bearish momentum nears key supports – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong note that USD/CNH has fallen sharply on a stronger Chinese Yuan (CNY) fix and improved risk sentiment following the US-Iran ceasefire.
United States Wholesale Inventories above expectations (-0.2%) in February: Actual (0.8%)
United States Wholesale Inventories above expectations (-0.2%) in February: Actual (0.8%)
US: Labor data volatility clouds Fed path – Commerzbank
Commerzbank economists Bernd Weidensteiner and Christoph Balz highlight that recent US labor market indicators, especially nonfarm payrolls and hours worked, have become unusually volatile and subject to larger revisions.
Copper: Hoarding signals crunch risk – TD Securities
TD Securities’ Senior Commodity Strategist Daniel Ghali notes that Copper prices have almost fully retraced losses from the Iran war despite heavy fund liquidations and weakening risk assets.
SEK: Riksbank seen steady despite soft CPI – Commerzbank
Commerzbank analyst Antje Praefcke says weaker-than-expected Swedish inflation does not give the central bank of Sweden, Riksbank a reason to change its stance.
Dow Jones futures slip due to fading US-Iran ceasefire optimism
Dow Jones futures fall 0.36% to near 47,950 during European hours on Thursday, ahead of the regular opening in the United States (US). Meanwhile, S&P 500 and Nasdaq 100 futures also lose 0.38% and 0.37% to near 6,800 and 25,000, respectively, at the time of writing.
GBP/USD: Upside risk hinges on 1.3480 close – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note that GBP/USD briefly broke above 1.3480 before retreating to the mid‑1.33s, suggesting a near‑term consolidation band between 1.3350 and 1.3450.
Australian Dollar faces pressure as Iran truce uncertainty revives risk-off impulse slightly
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.2% to near 0.7030 vs. the US Dollar (USD) during the European trading session on Thursday.
EUR/NOK: Norges Bank risk for Krone – BNY
BNY Strategist Geoff Yu notes that EUR flows have flipped from a pre-conflict ‘hedge the Dollar’ theme to a net underheld position.
EUR/JPY Price Forecast: Rebounds above 185.00 toward upper ascending channel boundary
EUR/JPY rebounds after registering little losses in the previous day, trading around 185.30 during the European hours on Thursday. The daily chart’s technical analysis indicates the currency cross is trending higher within an ascending channel, signaling a bullish bias.
Forex Today: Risk rally loses steam amid shaky US-Iran ceasefire
Here is what you need to know on Thursday, April 9:
GBP/JPY Price Forecast: Pound holds gains with 213.30 high in sight
The Pound (GBP) is trading higher against a weak Japanese Yen (JPY), extending its rally for the fourth consecutive day, with pullbacks finding support in the lower 212.00s and March highs in the 213.30 area still on the bulls’ radar.
NZD/USD holds gains for fourth day; eyes 200-day SMA near 0.5850 ahead of US data
The NZD/USD pair attracts some dip-buyers following the previous day's late pullback from over a two-week high and turns positive for the fourth consecutive day on Thursday.
Oil: Ceasefire confusion keeps supply risks elevated – Danske Bank
Danske Research Team notes that Brent crude dropped sharply on the initial US-Iran ceasefire headlines but remains sensitive to Middle East supply risks. The Strait of Hormuz is still blocked, with Iran only indicating a possible reopening later this week.
EUR/USD: Sticky ECB pricing supports Euro – ING
ING’s Francesco Pesole argues that while investors currently favour higher‑beta currencies, European Central Bank (ECB) pricing can still underpin the Euro (EUR).
USD/INR bounces back on continued FIIs sell-off despite Iran ceasefire
The Indian Rupee (INR) trades lower against the US Dollar (USD) in the opening trade on Thursday. The USD/INR pair rebounds to near 92.70 from the three-week low of 92.20 posted on Wednesday, following the announcement of a ceasefire between the United States (US) and Iran.
USD/INR: Range risks and oil sensitivity – MUFG
MUFG’s Senior Currency Analyst Michael Wan expects USD/INR to remain range-bound, projecting a base-case trading band between 94.00 and 95.00 over time, with a wider 97.00–98.00 range in a risk scenario of rising Oil prices.
Austria Trade Balance increased to €-66.7M in January from previous €-1301M
Austria Trade Balance increased to €-66.7M in January from previous €-1301M
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