The USDCAD is being pulled sharply in both directions as markets react to the latest headlines surrounding the conflict in Iran. The geopolitical uncertainty is driving rapid swings in oil prices, Treasury yields, and stock markets, all of which are feeding directly into volatility for the US dollar and the Canadian dollar. Historically, rising oil […]
Italy’s current account surplus increased notably in March from the previous year, the Bank of Italy reported Thursday.The current account surplus rose to EUR 1.75 billion from EUR 0.28 billion in the corresponding month last year.The goods surplus decreased somewhat to EUR 3.75 billion from EUR 3.76 billion. Meanwhile, the deficit in services trade narrowed
The main risks facing XRP However, XRP continues to face important challenges and criticisms. One of the most persistent concerns is whether Ripple’s commercial success necessarily creates proportional demand for XRP itself. Critics argue that parts of Ripple’s infrastructure can function without requiring large-scale use of the token. In other words, Ripple the company may
For a few weeks in February and March, currency strategists watched what looked like a controlled experiment. As military conflict engulfed the Middle East, oil ripped from $65 to $112, equities sold off, and the US dollar rallied. By any textbook reading of the dollar smile, the currency had behaved exactly as the script demanded.
Sterling strengthened broadly on this week, but the rebound was driven less by optimism over the UK economy and more by the easing of immediate political and fiscal fears that had weighed heavily on British assets in recent weeks. Markets appeared willing to scale back worst-case scenarios involving political instability, fiscal slippage, and runaway inflation
Services PMI 47.9 vs 51.7 expected Prior 52.7 Manufacturing PMI 53.7 vs 53.0 expected Prior 53.7 Composite PMI 48.5 vs 51.6 expected Prior 52.6 Ouch. That’s a big miss on the services print as business activity there falls to the lowest in 64 months. That’s leading UK economic activity to contract in May, with the
2026.05.21 2026.05.21 Short-Term Analysis for Oil, Gold, and EURUSD for 21.05.2026 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is
Australia’s unemployment rate rose to the highest since 2021 in April, data from the Australian Bureau of Statistics showed Thursday.The unemployment rate rose to 4.5 percent in April from 4.3 percent in March. This was the highest since November 2021, when the rate was 4.6 percent.The number of unemployed increased by 33,000 to 692,500 in
There aren’t any major expiries to take note of on the day, with the full list seen below. Trading sentiment continues to revolve around the broader market mood, with dollar sentiment still being the key driver among major currencies. That is all still tied to US-Iran headlines and for the most part this week, it
Global oil stockpiles are falling at a record 8.7 million barrels per day in May as Hormuz flows sit at just 5% of normal levels, Goldman Sachs said, with Brent crude trading near $106, up over 70% this year Summary: Global visible crude and fuel stockpiles have fallen by 8.7 million barrels per day so
The Aussie tried to rally on improving global sentiment. Australia’s economy had other ideas. AUD/USD bounced earlier today as markets reacted positively to signs that Washington and Tehran may be moving closer toward a diplomatic breakthrough. President Donald Trump’s claim that the US was in the “final stages” of negotiations with Iran helped cool fears
Kelvin Wong Senior Market Analyst Based in Singapore, Kelvin Wong is a well-established senior global macro strategist with over 15 years of experience trading and providing market research on foreign exchange, stock markets, and commodities. Passionate about connecting the dots in the financial markets and sharing perspectives around trading and investment, Kelvin Wong is an
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. more to come This article was written by Eamonn Sheridan at investinglive.com. Source link
The value of core machinery orders in Japan was down a seasonally adjusted 9.4 percent on month in March, the Cabinet Office said on Thursday – coming in at 1,010.9 billion yen.That missed forecasts for a decline of 7.7 percent after jumping 13.6 percent in February.On a yearly basis, orders added 5.9 percent – beating
Japanese Machinery Orders March 2026 -9.4% m/m expected -8.1% prior 13.6% Japanese Machinery Orders 5.9% y/y — Japanese Balance of Trade April 301.9bn, a massive beat, and exports blowing past forecast expected -29.7bn prior 667.0bn Japanese Imports 9.7% y/y expected 8.3% prior 10.9% Japanese Exports 14.8% y/y Source link
Producer prices in South Korea climbed 2.5 percent on month in April, the Bank of Korea said on Thursday – up from 1.7 percent in March.Individually, prices for agricultural, forestry and marine products slipped 1.0 percent on month, while manufacturing products jumped 4.4 percent, utilities rose 0.3 percent and services added 0.8 percent.On a yearly
Iran’s newly formed Persian Gulf Strait Authority has declared a controlled maritime zone across the Strait of Hormuz, requiring all transit vessels to seek coordination and authorisation before passing through. Summary: Iran’s Persian Gulf Strait Authority announced a controlled maritime zone covering the Strait of Hormuz The zone runs from Kuh-e Mobarak in Iran to
