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Where we are: USD/CAD is currently trading at 1.3671, down marginally by 0.09% on the day. The pair has been confined to a tight intraday range of 1.3647-1.3689, little changed from yesterday’s close after failing to break significantly in either direction overnight. What’s driving it: The Bank of Canada’s cautious stance…
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Where we are: Bitcoin is currently trading at $76,265, up $361 or 0.48% on the day. The intraday range has been relatively contained between $75,279 and $76,412. This level represents a modest recovery above yesterday’s NY close after a soft start to the week. What’s driving it: The immediate driver is…
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Where we are: The FTSE 100 is currently trading at 22440, up 282 points or 1.27% on the day, testing the upper end of its intraday range of 22135-22468. The index is building on gains seen in the EU session, fuelled by broad risk-on sentiment. It is significantly above yesterday’s close,…
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Snapshot: AUD/USD trades at 0.7151, up 0.50%, propelled by a 0.84% surge in copper prices. The RBA’s reluctance to commit to a cut path, citing uneven inflation progress, remains the dominant driver. US Advance GDP and Core PCE data at 08:30 ET are the session’s key risk event. Watch for resistance…
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Snapshot: WTI crude is trading at $105.37, down 2.75% on the session, driven by concerns surrounding weaker US GDP growth as markets brace for the 08:30 ET data dump. The Fed’s recent FOMC statement offered little in the way of fresh catalysts. Watch for follow-through selling if Advance GDP q/q prints…
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Snapshot: The Nikkei 225 is currently trading at 59285, down 0.34% on the session, pressured by a modest rise in domestic JGB yields. The upcoming Tokyo Core CPI release at 08:30 JST will be closely watched for further clues on the BoJ’s policy outlook. Watch JGB 10Y yield; a break above…
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Snapshot: The DAX is currently trading at 24177, up 1.92% on the session, driven by a reversal of earlier losses and broad-based strength in European equities. The ECB’s monetary policy decisions and press conference at 14:15 CET will be the key focus today. Watch for resistance around the intraday high of…
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Snapshot: USD/CHF trades at 0.7839, down 0.94% intraday, as Swiss yields decline. The SNB’s active easing posture, underscored by last month’s 25bp rate cut and ongoing readiness for FX intervention, keeps downward pressure on the Swiss Franc. Watch for the 08:30 ET US GDP print which could spark volatility. The 0.7800…
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Snapshot: NZD/USD is trading at 0.5868, up 0.63% on the session, as markets digest the RBNZ’s enhanced transparency measures for its Monetary Policy Committee. The changes, announced yesterday, aim to provide more accountability and clarity in decision-making. Focus now shifts to the 08:30 ET US data dump, including Advance GDP. Watch…
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Snapshot: GBP/JPY is trading at 211.97, down 1.91% on the day, after the Bank of England held rates steady at 4.50% with an 8-1 vote, as expected. The accompanying statement, viewed as less hawkish than anticipated, triggered a sell-off in UK Gilts and a sharp repricing lower in Sterling. Key level:…
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Snapshot: EUR/JPY trades at 183.41, down 2.06% on the session, driven primarily by a dovish ECB pivot cemented by soft German GDP data. Focus shifts to 14:15 CET as the market braces for the ECB’s policy statement and press conference. Watch for a break below 182.30 as confirmation of further downside…
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Snapshot: Brent Crude trades at 109.40, down 1.59% on the day, after a volatile overnight session saw prices spike to $126 on US-Iran escalation fears. The subsequent pullback suggests the market is struggling to sustain conflict-premium pricing ahead of 08:30 ET US GDP data. Watch for support around the 107.14 daily…
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Snapshot: EUR/GBP trades at 0.8652, down 0.15% on the session, pressured by the Bank of England’s hawkish hold. The BoE voted 8-1 to keep rates steady at 4.50%, while the ECB is widely expected to ease further today. Watch for follow-through below 0.8650 as hawkish hold supports Sterling. The 14:45 CET…
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Regime: Mixed, as lower European equity indices and higher Brent prices offset positive sentiment from Bitcoin and US tech futures; VIX at 18.02. Today’s market themes: BoC policy decision and press conference: Expect hawkish guidance from Macklem as inflation remains stubbornly high. Hormuz Strait disruption fears support Oil: Geopolitical risks weigh…
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Where we are: The Dollar Index is currently trading at 98.61, up +0.19% on the session. Overnight, the DXY has traded in a tight 98.41-98.63 range, consolidating gains after yesterday’s risk-off move. Current levels are holding above last week’s close but the market is in wait-and-see mode ahead of the Fed.…
