As for the rest of the major currencies, they are all sitting little changed with one another. The dollar and yen have relinquished most of their earlier gains, with changes among dollar pairs roughly around 0.1% or less currently. It is only USD/CHF that is down 0.3%...
Germany reportedly to raise economic growth forecast for the year
Reuters is reporting on this, citing a source familiar with the matter. The German government is set to raise its growth forecast for the economy this year to 0.3%, up from 0.2% previously. As for 2025, they see the economy growing by 1.0%.On the inflation front, the...
Gold Price Update: Israeli Attack Lifts Safe Haven Appeal, Weighs on Risk Assets
Gold (XAU/USD) AnalysisGold spiked higher, falling narrowly short of the all-time highFX markets captured the flight to safety while US equity markets were shutGold volatility index eyed ahead of the weekendGet your hands on the Gold Q2 outlook today for exclusive...
US futures erase the earlier drop from Israel-Iran fears
S&P 500 futuresAt the low earlier, S&P 500 futures were down by roughly 1.7%. It is now down just 0.4% as European markets open for trading. The improvement in the mood owes much to the fact that Iran has downplayed the attack from Israel. And also that they...
European indices open the day in the red
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Senior Iranian official reportedly says there is no plan for immediate retaliation
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FX option expiries for 19 April 10am New York cut
There are a couple to take note of, as highlighted in bold.The first ones are for EUR/USD at 1.0640-45 with about €1.9 billion in expiries lined up. It's not a technically significant region but the expiries could look to hold off any upside price action before...
Germany March PPI +0.2% vs +0.1% m/m expected
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UK March retail sales 0.0% vs +0.3% m/m expected
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UK retail sales on the agenda in the session ahead
In any case, the focus at the moment is more on the broader market mood. Risk sentiment was rocked earlier by news of Israel striking Iran. But we're seeing those fears fade slightly after Iran played that all down and doesn't seem interested to retaliate.Still, this...
Report says early assessment is that Iran will not be retaliating against Israel tonight
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Iran media denies reports of a foreign attack on Iranian cities, including Isfahan
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The final stretch of the week looks to be a nervy one
Just when you thought markets would begin putting this episode behind, the barrage of headlines just had to hit right on a Friday. It is reported that Israel made multiple strikes earlier here but Iran has been playing that down in response. It's shaping up to be a...
Forexlive Asia-pacific FX news wrap: Israel strikes inside Iran
Markets:Gold up $12 to $2390US 10-year yields down 8.8 bps to 4.56%Nikkei down 2.3%CHF leads, AUD lagsS&P 500 futures down 43 pointsIt was a dreadfully quiet Asia-Pacific session until about 10 am in Tokyo when reports started to surface of explosions in the...
Looks like Iran wants to pretend the whole thing never happened
There are some early -- but clear -- signs that Iran (or at least some parts of Iran) don't want to escalate this fight further. Given the murmurs out of Israel, they can't be shocked at another strike. That said, the strike appears to be limited to one military site...
Iran says there have been no airstrikes, only shot-down quadcopters
It looks like Iranian officials don't want to beat the war drums any harder.One on the wires: "There's been no airstrike in Isfahan or other parts of the country. They only made a failed and humiliating attempt to fly quadcopters, and they were all shot down."Other...
Iran may be trying to downplay Israel’s attack
I don't know about quality of this translation and I'm sure Iran doesn't have a space agency but it looks like Iran is going to try to take the win here.That said, a separate (unconfirmed) report is out there with some tough words from the IRGC about nuclear sites....
Now we know why markets plumeted mid-day
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Now we wait for the response to the response
Watching this unfold in real time, I've been amazed at how slowly this has all be disseminated. These tweets from two of the biggest news services are literally an hour after we first started reporting on this attack.I think the slow reporting has something to do with...
Risk assets leg further down on confirmation of strikes in Iran
To be honest, I'm a bit surprised at the second-leg down in risk assets after headlines from ABC crossed the wires with a US official confirming the attacks. Here's another US official who always likes to share what he knows from classified briefings. I think he's...