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Where we are: The FTSE 100 is currently trading at 22583, down 183 points or -0.81% on the day. The index has been trending lower since the European open, trading within a range of 22499-22766. This sell-off extends the losses from yesterday, marking a fifth consecutive day of declines, and puts…
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Snapshot: AUD/USD trades at 0.7152, up 0.28% as risk appetite returns ahead of the New York open. The move higher is primarily driven by broad USD weakness, with the DXY down 0.31% to 98.36 and US yields backing up, while Trump speaks at 17:00 London. Aussie has broken above prior intraday…
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Snapshot: WTI Crude is trading at $94.40, down 2.30% on the day, driven by renewed hopes of US-Iran talks potentially easing supply constraints. The DXY is slightly weaker at 98.36, but that’s not enough to offset the geopolitical premium unwind. Watch $92.68, the daily low; breach opens a retest of $90.…
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Snapshot: The Nikkei 225 is trading at 59716, up 0.52%, driven by a surge in tech stocks and a weaker dollar. The DXY is currently at 98.36, down 0.31%, providing a tailwind for Japanese equities. No major US data releases are scheduled before the NY session open. Watch for resistance at…
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Snapshot: The DAX is currently trading at 24129, down 89 points or -0.37%, continuing its five-day losing streak despite the S&P 500 futures pointing to a positive open. Geopolitical concerns, specifically regarding shipping in the Strait of Hormuz, are weighing on sentiment, offsetting positive corporate earnings news from SAP and Siemens…
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Snapshot: USD/CHF is trading at 0.7850, down -0.16% on the session, driven primarily by risk-off flows into the USD as geopolitical tensions simmer. DXY is down -0.31% despite the Swissy weakness indicating broader USD strength. Trump’s speech at 17:00 London poses a significant risk event. Watch 0.7846 as intraday support for…
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Snapshot: NZD/USD is currently trading at 0.5882, up 0.45% on the day, driven by broad dollar weakness as the DXY slips to 98.36. A dovish repricing of the US yield curve, with the US 10Y falling 2.6bp to 4.302%, is supporting the Kiwi. Watch for Trump’s speech at 17:00 London. Breaching…
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Snapshot: GBP/JPY is trading at 215.75, up 0.34% today, driven by a broad risk-on sentiment reflected in rallying US futures and a weaker dollar (DXY at 98.36, down 0.31%). No major data releases are scheduled before the NY close. A sustained break above 215.75 could open the door for a test…
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Snapshot: EUR/JPY currently trades at 186.82, up 0.14% on the session, driven primarily by broad dollar weakness as reflected in the DXY at 98.36 (-0.31%). Risk-on sentiment, signaled by rallying US equity futures, may extend into the NY session. Watch 187.00 for potential resistance; break above this could accelerate gains. A…
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Snapshot: Brent is trading at $105.33, down -0.69 (-0.65%) on the session, but holding gains driven by sustained supply concerns in the Middle East. The market remains sensitive to news flow regarding the Strait of Hormuz and potential disruptions to global oil flows. Trump’s speech at 17:00 London is a potential…
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Snapshot: EUR/GBP trades at 0.8659, down 0.20% on the session. The weakness is being driven by a relative rates divergence as UK yields are underperforming US rates. No major catalysts are expected from the US today. Watch 0.8650; break opens a test of recent lows near 0.8620. Risk of a short…
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Asset Summary – Friday, 24 April US DOLLAR experienced a mixed trading session, initially rising before retracing some gains. Optimism surrounding potential progress in US-Iran negotiations, indicated by reports of upcoming talks in Islamabad, and the extension of the ceasefire in Lebanon, weighed on the dollar. However, earlier in the week…
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Oil prices experienced a slight decline, influenced by optimism surrounding potential diplomatic advancements between the US and Iran, although remaining on track for significant weekly gains. Market dynamics continue to be heavily shaped by US policy decisions and ongoing geopolitical tensions in the Persian Gulf region. WTI crude oil futures decreased…
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Gold prices saw a slight recovery above $4,700 per ounce on Friday, spurred by cautious optimism surrounding US-Iran peace negotiations. However, the precious metal still faces a weekly decline due to limited progress in these talks and rising energy prices resulting from the Strait of Hormuz closure. Inflation risks and potential…
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The Nikkei 225 Index experienced a significant rise, closing at a new record high amidst assessments of fresh inflation data and anticipation of the upcoming Bank of Japan policy decision. While the broader Topix Index showed minimal movement, technology stocks spearheaded the Nikkei’s advance, contributing to a positive weekly performance. The…
