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Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
Germany Industrial Production n.s.a. w.d.a. (YoY) up to 0% in February from previous -1.2%
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
South Africa Net $Gold & Forex Reserve fell from previous $75.835B to $73.187B in March
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
South Africa Gross $Gold & Forex Reserve fell from previous $81.06B to $77.76B in March
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Trade Balance s.a. came in at €19.8B, above expectations (€18.5B) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February
Germany Imports (MoM) came in at 4.7%, above expectations (4%) in February
Germany Industrial Production s.a. (MoM) below expectations (0.9%) in February: Actual (-0.3%)
Germany Industrial Production s.a. (MoM) below expectations (0.9%) in February: Actual (-0.3%)
NZD/USD Price Forecast: Rallies above 0.5800, eyes on 200-day SMA
The NZD/USD pair rallies sharply on Wednesday, boosted by a double whammy: The de-escalation of the Middle East conflict and hawkish remarks by the Reserve Bank of New Zealand (RBNZ) Governor, Anna Breman, following the bank’s monetary policy meeting.
Singapore: Energy buffers seen limiting near‑term risks – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan argues Singapore’s energy system and fiscal strength materially limit near‑term tail risks from Middle East tensions.
Forex Today: FOMC Minutes reinforce 'higher-for-longer' as markets digest the ceasefire
The US Dollar Index (DXY) holds firm near 99.10, supported by safe-haven demand late in the American session with expectations that the Federal Reserve (Fed) will remain cautious on easing.
US: Demand still dominant but moderating – BNP Paribas
BNP Paribas analysts assess that in the United States (USD), demand remains the main driver of inflation, though its contribution has eased from post‑Covid peaks.
DXY bounces from fresh lows as ceasefire cracks widen on all sides
The US Dollar Index (DXY) continued to grind lower during the front half of the US trading session on Wednesday, falling roughly 1% from the prior session's close near 100.00 to tag a low around 98.50 as the US-Iran ceasefire announcement triggered a broad wave of risk-on selling in the US Dollar.
USD/CHF Price Forecast: US Dollar slides below 200-day SMA, bears gain steam
The USD/CHF pair retreats some 0.85% on Wednesday after failing to clear the Tuesday daily high of 0.8011, as the pair slides beneath the 200-day SMA of 0.7940, as market sentiment gets lifted by a two-week ceasefire in the Middle East conflict.
USD/INR: RBI curbs speculative longs, room to fall – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/INR has dropped sharply as RBI’s targeted regulatory measures curbed speculative positioning and tightened market microstructure.
Silver Price Forecast: XAG/USD consolidates within bearish flag on 4-hour chart
Silver (XAG/USD) trades with a positive bias on Wednesday, supported by a broadly weaker US Dollar following a two-week ceasefire agreement between the United States and Iran. At the time of writing, XAG/USD is trading around $74.50, up nearly 2% on the day after hitting an intraday high of $77.65.
Gold climbs on US-Iran ceasefire as softer Dollar, Oil lend support
Gold (XAU/USD) advances on Wednesday, yet trades off a three-week high of $4,857 hit earlier in the day, as falling Oil prices weighed on the US Dollar, which weakened to a four-week low in the US Dollar Index (DXY). At the time of writing, the XAU/USD pair trades at $4,735, up more than 0.70%.
Breaking: Fed Minutes show patience, but risks now clearly two-sided
The Minutes from the Federal Reserve’s (Fed) March meeting, released on Wednesday, reinforce the idea that the Fed is firmly in wait-and-see mode, but with a growing recognition that risks are becoming more balanced.
Fed: Later cuts as inflation re-firms – Wells Fargo
Wells Fargo economists now expect the Federal Reserve (Fed) to delay easing in response to higher Oil prices and stickier inflation.
Pound Sterling Price News and Forecast: GBP/USD surges as Iran truce dents US Dollar broadly
The Pound Sterling (GBP) rallies on Wednesday, advancing for the third straight day this week, up more than 1.10% due to broad US Dollar (USD) weakness, sparked by an improvement in risk appetite following a two-week ceasefire between the US and Iran.
USD/JPY: Strong Yen with BoJ tightening support – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) has gained over 0.7% versus the US Dollar (USD) but still lags other G10 currencies as risk sentiment improves on the ceasefire.
United States 10-Year Note Auction climbed from previous 4.217% to 4.282%
United States 10-Year Note Auction climbed from previous 4.217% to 4.282%
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