Axios reports on the matter, saying that US president Trump is considering plans to take over Iran’s Kharg Island so as to use it as a bargaining chip to pressure Iran into reopening the Strait of Hormuz. That according to four sources with knowledge of the issue. The sources note that: “He wants Hormuz open. […]
The export order growth in Taiwan moderated for the first time in four months in February, according to data released by the Ministry of Economic Affairs on Friday. Export orders rose 23.8 percent year-over-year in February, much slower than the 60.1 percent surge in January. Subscribe to continue reading the article. This article is part
Key takeaways Relative policy dynamics driving FX moves: USD/JPY weakness highlights that USD strength is not absolute, hawkish signals from the European Central Bank and Bank of England offset Fed expectations, pushing the US dollar lower. Hawkish tilt from BoJ supports yen strength: Despite holding rates, Bank of Japan Governor Ueda’s comments on wages and
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Markets remain firmly in risk-off mode, with US equities extending their selloff overnight and Asian markets staying under pressure. The backdrop continues to be dominated by conflicts in the Middle East, with energy markets at the center of the shock. Yet, despite the deterioration in sentiment, a notable divergence has emerged in currency markets. There
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There aren’t any major expiries to take note of on the day, with the full list seen below. There are some holding relatively close by for EUR/USD and AUD/USD at the 1.1500 and 0.7050 levels respectively. However, they aren’t likely to feature much into play. As things stand, dollar sentiment remains the key driver of
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Summary: Powell to deliver brief remarks at award event on Saturday at 1430 GMT/1030 US Eastern time Appearance tied to American Society for Public Administration conference Remarks expected to be non-policy and pre-prepared No press conference or Q&A scheduled Follows Fed decision to hold rates steady this week Powell emphasised need for further inflation progress
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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. PBOC injects 20.5bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations Earlier the PBOC left Loan Prime Rates (LPR) unchanged for a 10th consecutive month at 3.5% for 5 year and 3% for 1 year.
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
Hong Kong will on Friday release February numbers for consumer prices, highlighting a modest day for Asia-Pacific economic activity. In January, overall inflation was up 0.2 percent on month and 1.1 percent on year. Singapore will see unemployment data for Q4; the jobless rate is expected to hold steady at 2.0 percent. Subscribe to continue
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Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
Comments from Israel PM Netanyahu are helping to reverse the trends in oil and stocks and ease some of the wall of worry. Netanyahu is making amends for the bombing of South Pars field yesterday. In retaliation, Iran targeted Qatar’s energy infrastructure—specifically the Ras Laffan Industrial City, which is one of the world’s largest liquefied
The US Dollar rallied consequently since the beginning of the US-Iran conflict, supported by the rise in Oil prices Now reaching the top of its long-term range, a major reversal could be coming Post-FOMC Dollar Index technical analysis The World’s reserve currency has proved once again why, when it all blows up, it all comes
