April 3, 2026 11:57 am
Key Moments AUD/USD retreated toward the 0.6900 area after failing to break above 0.6920. Geopolitical tensions around Iran and the ongoing closure of the Strait of Hormuz supported demand for the US Dollar. Australian trade surplus widened to 5,686 million in February, exceeding expectations and aligning with a hawkish RBA stance. Australian Dollar Loses Momentum […]
Read moreApril 3, 2026 8:16 am
Key Moments EUR/JPY trades around 184.15 in early European hours on Friday, holding above the 100-day EMA near 182.10. ECB policymakers’ hawkish comments lend support to the Euro, while Middle East tensions underpin safe-haven demand for the Yen. Key technical levels include support at 183.50 and 182.50-182.10, with resistance at 184.80 and then the 186.00 […]
Read moreApril 3, 2026 7:51 am
Key Moments: EUR/GBP traded near 0.8720 after rebounding from support at 0.8700, having gained nearly 1% over the last three weeks. Technical signals point to softening upside momentum, with MACD slipping below zero even as RSI remains above its midpoint. The Euro showed broad strength on the day, particularly against the New Zealand Dollar, while […]
Read moreApril 3, 2026 6:52 am
Key Moments USD/CHF hovered around 0.7980 after gaining more than 0.5% in the previous session amid thin Good Friday liquidity. Safe-haven demand for the US Dollar persisted following renewed tensions and threats involving Iran and the United States. Swiss inflation rose to 0.3% YoY in March, the highest in a year but below forecasts, keeping […]
Read moreApril 3, 2026 6:19 am
Key Moments GBP/USD trades near 1.3230 in Asian dealings after a prior session pullback, with activity expected to be muted by the Good Friday holiday. Markets are factoring in the likelihood of two Bank of England rate hikes in 2026 amid higher energy prices and ongoing inflation worries, though Governor Andrew Bailey has cautioned that […]
Read moreApril 2, 2026 2:11 pm
Key Moments Commerzbank’s Michael Pfister highlights that rising U.S. imports from Mexico in 2025 have helped shield the Peso from recent U.S. tariff shocks. High USMCA compliance and differentiated sector exposure relative to Canada are cited as key supports for Mexican exports and the currency. Pfister sees room for Banxico to prioritize weak domestic growth […]
Read moreApril 2, 2026 12:41 pm
Key Moments Wells Fargo projects a 2% quarter-over-quarter decline in total U.S. Medicaid enrollment in the first quarter, with expansion enrollment down about 1%. Monthly enrollment in the bank’s state-level tracker fell 0.8% in January, 0.7% in February, and 0.5% in March, while California is pacing toward a 3% quarterly drop. An Urban Institute study […]
Read moreApril 2, 2026 10:09 am
Key Market Moves on Rising Middle East Tensions Brent crude surged 7.4% early Thursday, surpassing $108 per barrel, while WTI gained 7% to $107. Asian stocks slipped, led by South Korea’s Kospi, which fell 4.5%. European markets opened mostly lower, with US futures signaling a weaker start. Oil Prices React to Geopolitical Fears Oil prices […]
Read moreApril 2, 2026 9:51 am
Key Moments Estée Lauder shares fell over 2% in premarket trading after reports of progress in merger talks with Puig Brands SA. Puig, valued at 9.8 billion euros, and Estée Lauder, at about $27 billion, have been discussing a potential combination since March 23. Since confirming the talks, Estée Lauder shares dropped around 15%, while […]
Read moreApril 2, 2026 8:59 am
Key Moments RBI has immediately barred authorized dealers from offering INR non-deliverable derivatives to both resident and non-resident users. MUFG expects the new rules to widen the gap between onshore and offshore USD/INR markets while providing short-term support for the Rupee. Despite the regulatory squeeze, MUFG still anticipates structural INR weakness and considers higher USD/INR […]
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