April 23, 2026 12:32 pm
Key Moments ASB projects the Reserve Bank of New Zealand will lift the OCR to 3.25% by year-end, supporting recent NZD strength. Annual inflation held at 3.1% in the year to the first quarter of 2026, reinforcing expectations for further rate hikes. ASB sees New Zealand GDP growth at 1.0% this year versus a 2.2% […]
Read moreApril 23, 2026 12:25 pm
Key Moments The rupee closed at 94.11 per dollar (provisional) on Thursday, down 33 paise and marking its fourth straight session of losses. Since April 17, the currency has weakened by 120 paise, or nearly 1.3%, amid rising crude prices, equity selling, and foreign fund outflows. Brent crude traded 1.88% higher at $103.83 per barrel, […]
Read moreApril 23, 2026 9:17 am
Key Moments GBP/JPY recovered earlier losses and trades slightly higher near 215.45 in Thursday’s European session. Meanwhile, markets expect the Bank of Japan to keep rates unchanged at 0.75% on April 28. In addition, UK S&P Global Composite PMI is forecast to fall to 49.8, signaling possible contraction. Cross Rebounds as Yen Underperforms GBP/JPY turned […]
Read moreApril 23, 2026 9:07 am
Key Moments Commerzbank’s Antje Praefcke expects EUR/USD to trade sideways amid elevated uncertainty. Geopolitical tensions in the Middle East and unclear Federal Reserve leadership are cited as key drivers. Praefcke perceives a modest bias in favor of a stronger US Dollar in the near term. Sideways Trading Expected in EUR/USD Commerzbank strategist Antje Praefcke anticipates […]
Read moreApril 23, 2026 8:42 am
Key Moments ADA has been locked in an 8% trading band between $0.24 and $0.26, signaling a buildup of pressure for a decisive move. Momentum gauges such as RSI at 47.59 and a flat MACD show a technical reset following a 36% drop from December highs. Derivatives positioning remains firmly bullish, with top traders showing […]
Read moreApril 23, 2026 8:22 am
Key Moments EUR/GBP traded with modest gains near 0.8675 in early Thursday European dealings. UK CPI accelerated to 3.3% YoY in March, driven by higher fuel costs linked to the Iran war. ECB officials signaled no April rate hike, while some analysts see scope for 25 bps moves later in the year. EUR/GBP Holds Firmer […]
Read moreApril 23, 2026 7:37 am
Key Moments USD/CHF extends gains for a third session, trading above the mid-0.7800s after rebounding from the 0.7830 area. Ongoing tensions in the Strait of Hormuz and a less dovish Federal Reserve outlook continue to provide support for the US Dollar. Market participants are watching for a decisive break above the 100-day Simple Moving Average […]
Read moreApril 23, 2026 7:24 am
Key Moments AUD/JPY traded down toward 113.95 during the early European session on Thursday. The cross continued to hold above the 100-day EMA and the Bollinger middle band, with the RSI at 65.9 signaling firm bullish momentum. Upside resistance appeared near 115.60, while initial support was identified at 113.09. Spot Action and Macro Backdrop The […]
Read moreApril 23, 2026 7:14 am
Key Moments AUD/USD trades about 0.24% lower near 0.7145 in Asian hours after early gains faded amid risk-off sentiment. Risk appetite deteriorates following reported Iranian attacks on three ships in the Strait of Hormuz, lifting oil price concerns. Australia’s flash Composite PMI for April rises back above the 50.0 expansion threshold to 50.1 from 46.6 […]
Read moreApril 23, 2026 6:31 am
Key Moments GBP/USD has stayed subdued around 1.3500 for a third consecutive session, slipping below an ascending channel on the daily chart. The pair is testing immediate support at the nine-day EMA of 1.3493, with the 50-day EMA at 1.3427 as the next downside level. A recovery toward the recent two-month high at 1.3599 could […]
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