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Snapshot: AUD/USD trades at 0.7243, up 0.52% on the session, driven by strength in copper prices. The RBA remains reluctant to commit to a cut path, with the Board cautious due to services inflation and a tight labour market. Focus shifts to the 08:30 ET US jobs report. AUD/USD showing strength…
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Snapshot: WTI Crude trades at 95.10, down 2.35% on the session. President Trump’s comments reinforcing the Iran ceasefire are weighing on prices despite ongoing Strait of Hormuz disruptions. Watch for the 08:30 ET US employment data, especially Non-Farm Payrolls, for further direction. Key support is seen at the day’s low of…
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Snapshot: The Nikkei 225 is trading at 62714, up 95 points (+0.15%) in today’s session, driven by firm domestic yields. JGB 2Y yields remain stable at 1.369%, while the 10Y is slightly lower, supporting risk appetite in the face of renewed geopolitical concerns stemming from the Middle East. Watch JGB 10Y…
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Snapshot: The DAX is currently trading at 24456 (+0.05%), holding steady after a modest dip in German Bund yields. ECB commentary on financial integration is the main domestic driver, but lacks immediate directional impetus. ECB President Lagarde speaks at 09:00 CET. Watch the 24500 level for a potential breakout to the…
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Snapshot: USD/CHF currently trades at 0.7773, down 0.41% on the session, driven by the SNB’s active easing stance and the possibility of further rate cuts. Schlegel’s recent comments regarding a potential return to negative rates if disinflation overshoots is weighing on the Franc. Later today, the 08:30 ET US jobs report…
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Snapshot: NZD/USD trades at 0.5964, up 0.42% on the day, largely tracking broader risk appetite as domestic catalysts remain light. The RBNZ’s firmly entrenched easing bias, signalled after the 25bp cut on April 9th, continues to weigh on the currency. Focus shifts to the 08:30 ET US jobs report, particularly given…
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Snapshot: GBP/JPY trades at 213.25, up 0.33% on the session, driven by a recovery in UK yields following yesterday’s dip. All eyes are now on BOE Governor Bailey’s speech at 13:20 London for clues on the Bank’s near-term policy intentions. UK 2-year yields have rebounded, down 8bp to 4.317%, providing support…
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Snapshot: EUR/JPY is trading at 184.38, up 0.26% on the session, driven primarily by the diverging policy outlooks of the ECB and BoJ. Lagarde’s scheduled speech at 09:00 CET will be closely monitored for any hints of further easing. A break above intraday highs of 184.50 could signal further upside potential.…
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Snapshot: Brent is down 2.06% to $100.43, driven lower by President Trump’s comments reinforcing hopes for a ceasefire with Iran. This comes despite earlier reports of fresh clashes in the Strait of Hormuz and continues to pressure North Sea crude. Watch for volatility around the 08:30 ET US jobs data (Non-Farm…
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Snapshot: EUR/GBP trades at 0.8646, down 0.07% on the day, as markets remain focused on relative central bank easing cycles. The ECB’s mild easing bias contrasts with the Bank of England’s data-dependent stance, which has recently been reaffirmed by sticky inflation data. Later today, BOE Gov Bailey speaks at 13:20 London,…
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Regime: Mixed, with VIX holding steady at 17.38 and US yields slightly lower, suggesting a cautious risk-on sentiment tempered by geopolitical tensions. Today’s market themes: Mideast Peace Potential: Easing oil supply concerns dominate, pressuring crude and boosting risk assets. Dollar Weakness: DXY continues its descent, supporting EUR, GBP, AUD, and gold.…
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Where we are: The DXY currently sits at 97.69, down 0.22% on the session, trading near the low end of its intraday range of 97.68-97.93. Yesterday’s close in New York was closer to 97.90, so we’re starting the NY day on the back foot. The dollar is catching a bid from…
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Where we are: S&P 500 futures are trading at 7402.00, up 0.30% and pushing against the intraday high of 7410.00. This comes after a solid rally in cash yesterday, which saw the S&P close at 7365.10, gaining nearly 1%. The overnight range has been relatively tight, suggesting consolidation before the US…
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Where we are: Gold (COMEX) is currently trading at 4755.8, up 55.3 points or 1.18% on the day, having traded in a range of 4694.0 to 4763.4. This represents a two-week high for the precious metal. Gold is currently extending gains seen in the Asian and European sessions, buoyed by hopes…
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Where we are: EUR/USD is currently trading at 1.1775, up 0.21% on the session, breaching the overnight high of 1.1778. The pair has been consolidating gains made earlier in European trading, with the overnight range contained between 1.1745 and the current level. This price action marks a continuation of the bullish…
