-
Where we are: Dow futures currently trade at 49258, down 99 points or 0.20% on the day, having traded in a 49205-49417 range so far today. This is modestly below yesterday’s cash close of 49142. The index remains sensitive to shifts in risk sentiment given Big Tech earnings looming after the…
-
Where we are: USD/CAD currently trades at 1.3677, virtually unchanged on the day after a tight 1.3673-1.3693 range. The pair remains slightly below yesterday’s NY close as markets await further catalysts. Technicals are mixed, but the overnight high offers initial resistance with support around the intraday low. What’s driving it: The…
-
Where we are: Bitcoin currently trades at 77125, up 0.97% on the day, holding within today’s range of 76172-77884. BTCUSD is hugging the top of the range after the overnight bid, and has outperformed ETH, which is also up 1.04% at 2314. This is a modest recovery after recent volatility. What’s…
-
Where we are: The FTSE 100 is currently trading at 22288, down 108 points or -0.48% on the day, testing intraday lows. The index is underperforming its European peers and sits well off the session high of 22448. The current level is significantly below yesterday’s NY close, reflecting broader risk aversion…
-
Snapshot: AUD/USD trades at 0.7156 (-0.35%) after Australian CPI data printed mixed; headline y/y at 4.8% vs 3.7% previously, but m/m 1.3% inline. Attention now shifts to the 14:00 ET Federal Funds Rate decision and FOMC statement. Aussie CPI print at 11:30 AEST showed a m/m headline of 1.3% (forecast). A…
-
Snapshot: WTI Crude is up $4.49 to $103.98, driven by escalating concerns over Middle East supply disruptions. The potential for further upside hinges on the outcome of the 14:00 ET FOMC decision and statement. A break above the day’s high of $104.31 would signal further bullish momentum. Increased volatility around the…
-
Snapshot: The Nikkei 225 is currently trading at 59917, down 1.01% or 614 points, as markets digest the implications of the Bank of Japan’s latest monetary policy statement. While the BoJ held rates steady at 0.75%, growing internal debate over inflationary pressures has spooked investors. The Nikkei is testing the 59702…
-
Snapshot: The DAX is currently trading at 23987 (-81, -0.34%), pressured by a rise in German yields. The 2-year Schatz is up 4bp to 2.690%, while the 10-year Bund is up 2bp to 3.078%. Focus shifts to the upcoming German Prelim CPI m/m release at 08:29 CET. Watch for a break…
-
Snapshot: USD/CHF trades at 0.7901, up 0.12% on the session, as the SNB’s easing bias continues to weigh on the Swissy. The SNB’s active easing posture, reinforced by Schlegel’s recent comments, keeps negative rate optionality alive, especially with headline CPI near zero. All eyes on the 14:00 ET FOMC decision and…
-
Snapshot: NZD/USD trades at 0.5853, down 0.52% on the day, pressured by the firmly intact RBNZ easing bias. Governor Breman’s engagement with the Waikato community reinforces the central bank’s focus on balancing inflation and economic recovery. All eyes on the 14:00 ET FOMC decision. Watch for a break below 0.5850 as…
-
Snapshot: GBP/JPY trades at 215.97, up 0.12% on the session. Hawkish repricing of Bank of England rate-cut expectations continues to drive the pair. No major UK data prints before the NY open. UK 2Y yields are up 6bp d/d to 4.493%, signaling reduced expectations of near-term BoE easing. Watch for potential…
-
Snapshot: EUR/JPY is trading at 187.10, up 0.09% on the session, driven by continued hawkish sentiment surrounding the Bank of Japan. The BoJ’s March decision to hold rates while flagging further hikes remains the dominant driver, while the market looks to the BoJ’s meeting tomorrow. The German Prelim CPI m/m at…
-
Snapshot: Brent is trading at 108.45, up 4.35% on the session, driven by escalating concerns over prolonged disruption in the Strait of Hormuz. The key catalyst remains the unresolved impasse threatening global oil supply routes. Keep an eye on the 14:00 ET FOMC decision and press conference. A break above intraday…
-
Snapshot: EUR/GBP trades at 0.8663, down 0.03% on the day, as the market digests recent ECB and BoE communications. With no immediate domestic catalysts, the pair is likely to remain rangebound. Watch for the German Prelim CPI m/m print at 08:29 CET for potential intraday volatility. Support appears to be holding…
-
Regime: Risk-off, as Nasdaq futures lead declines and gold tests three-week lows, driven by persistent inflation fears and higher front-end yields (US 2Y +3.5bp). Today’s market themes: OPEC+ uncertainty: UAE exit sparks oil supply concerns, boosting crude prices. BOJ disappointment: Yen weakens as BOJ holds policy, defying hawkish expectations. Australian Inflation:…
