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Snapshot: EUR/JPY trades at 185.73, down -0.05% on the session, consolidating after its recent surge. The market remains sensitive to signals from the Bank of Japan, particularly regarding further policy normalisation. No key data releases are scheduled for today. Watch 186.00; a sustained break would suggest further upside driven by carry…
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Snapshot: Brent is currently trading at $93.23, up 0.76% on the session, driven by escalating tensions between the US and Iran. Fresh waves of attacks are clouding hopes for a peace deal. Traders will be watching the 10:00 ET ISM Manufacturing PMI for further direction. Immediate resistance around intraday high of…
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Snapshot: EUR/GBP trades at 0.8653, down 0.15% on the day, weighed down by diverging central bank outlooks. The BoE’s higher policy rate continues to support Sterling, while the ECB has already begun easing. There are no high-impact UK or Eurozone data releases before the NY close. Watch for a break below…
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Snapshot: AUD/USD trades at 0.7169, down 0.12% on the session, as markets remain unconvinced by the RBA’s hawkish hold. Australian yields are slightly firmer, with the 2Y at 4.564%, but this hasn’t provided sufficient support given the underlying dovish bias. Focus shifts to 10:00 ET ISM Manufacturing PMI. Watch for a…
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Snapshot: WTI Crude is up 0.94% at $89.79, rebounding from six-week lows, driven by persistent uncertainty around the US-Iran agreement and ongoing attacks on Russian refineries. The ISM Manufacturing PMI at 10:00 ET will be the key catalyst for further direction. WTI breaking above $90 will signal further upside potential, targeting…
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Snapshot: The Nikkei 225 is up 0.92% at 66934, driven by continued strength in technology shares as Japanese firms benefit from the global AI boom. Flat capital spending data was shrugged off. Today’s catalyst: Goldman Sachs bullish call. Watch 67231, the intraday high, as a potential breakout level. Geopolitical tensions in…
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Snapshot: The DAX is up 0.60% to 25249, buoyed by the fall in German HICP to 2% from 2.6% previously. The easing of inflationary pressures domestically is supporting risk sentiment. Immediate resistance is the intraday high of 25260. Geopolitical tensions in the Middle East, as referenced by overnight commentary, represent a…
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Snapshot: USD/CHF is trading at 0.7850, up 0.43% on the session, as the SNB’s active easing posture continues to weigh on the Swiss Franc. Schlegel’s recent remarks did not rule out a return to negative rates if disinflation overshoots, keeping downward pressure on the currency. Focus shifts to the 10:00 ET…
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Snapshot: NZD/USD trades at 0.5954, down 0.44% on the session, as the firmly entrenched easing bias at the Reserve Bank of New Zealand continues to weigh. While domestic macro prints are absent today, the market remains sensitive to Governor Orr’s signalling of potential further easing if disinflation becomes embedded. The FOMC’s…
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Snapshot: GBP/JPY trades at 214.72, up 0.13% on the day. A pullback in UK CPI figures released in April has slightly reduced pressure on the BoE to cut, while the Bank of Japan’s steady hand provides a foundation for Guppy strength as the market looks towards further BoJ policy decisions. Watch…
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Snapshot: EUR/JPY trades at 185.75, down 0.04% on the session, as the market consolidates after recent gains. With no fresh catalysts out of either Tokyo or Frankfurt this morning, relative central bank outlooks remain the primary driver of the cross. The 186.00 level remains a key resistance, representing the upper end…
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Snapshot: Brent is trading at $93.13, up 0.65% on the session, driven by renewed uncertainty surrounding a potential US-Iran deal and escalating geopolitical tensions. All eyes are on the 10:00 ET ISM Manufacturing PMI and Prices Paid data release, which could amplify any existing moves. A break above the day’s high…
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Snapshot: EUR/GBP trades at 0.8650, down 0.17% intraday, pressured by the diverging policy stances of the ECB and BoE. The ECB’s mild easing bias contrasts with the BoE’s cautious data-dependent approach after holding rates steady at 4.50% at its March meeting. Focus shifts to incoming UK data for further directional cues.…
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Regime: Mixed, with VIX at 16.29 reflecting contained risk, but rising US 10Y yield at 4.439% suggesting real-rate concerns. Today’s market themes: Dominant: Real-rate repricing as inflation proves stickier than expected, driving USD strength and pressuring risk assets. Secondary: Geopolitical tensions (Iran) and its impact on oil supply. The setup: Markets…
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Where we are: The DXY is currently trading at 99.01, up 0.07% on the day and holding near the top of its intraday range of 98.90-99.15. The index is attempting to build on yesterday’s gains, trading slightly above the prior NY close near 98.94. Immediate resistance is seen at the intraday…
