Gold: Chinese Life Insurance companies become members of the exchange  – TDS
Gold: Chinese Life Insurance companies become members of the exchange  – TDS
China Lifecos are already on the bid in Gold. The Shanghai Gold exchange admitted four Chinese Life Insurance companies as members of the exchange, enabling them to purchase Gold as part of a pilot program that could grow the network of Gold buyers and create a massive new buying impulse, TDS' Senior Commodity Strategist Daniel Ghali notes.
Gold
XAUUSD
Metals
Commodities
Banks
A note for caution on market-based inflation expectations
A note for caution on market-based inflation expectations
Survey-based inflation expectations are getting dismissed in favour of market-based expectations but nothing in the markets should be taken for granted.
market overview
Long-dated gilt yields reverse lower, cable at the lows
Long-dated gilt yields reverse lower, cable at the lows
GBP/USD down 64 pips on the day to 1.2883
A fly in the AI capex ointment
A fly in the AI capex ointment
Goldman Sachs's Asian research team has lowered their sector outlook on server spend
Stocks
Capex
UK's Reeves: Real disposable income to grow this year at nearly twice the rate forecast in October
UK's Reeves: Real disposable income to grow this year at nearly twice the rate forecast in October
While delivering the Spring Budget, UK Chancellor of the Exchequer Rachel Reeves noted that they will bring forward 3.25 billion Sterling of investment to reform public services, per Reuters.
UnitedKingdom
GBPUSD
UK's OBR: We now expect real GDP growth of 1.0% this year
UK's OBR: We now expect real GDP growth of 1.0% this year
The UK's Office for Budget Responsibility (OBR) said on Wednesday that the UK's long-term fiscal outlook remains very challenging amid the uncertainty surrounding the full impact of changes to welfare policies, per Reuters.
UnitedKingdom
GBPUSD
UK's Reeves: We now expect GDP growth of 1.0% this year
UK's Reeves: We now expect GDP growth of 1.0% this year
Comments in the budget statement, which says underlying fiscal outlook has deteriorated since October
US Durable Goods Orders rise 0.9% in February vs. -1% expected
US Durable Goods Orders rise 0.9% in February vs. -1% expected
Durable Goods Orders in the US rose by 0.9%, or $2.7 billion, in February to $289.3 billion, the US Census Bureau reported on Wednesday. This reading followed a 3.3% increase (revised from 3.1%) reported in January and came in better than the market expectation for a decrease of 1%.
UnitedStates
EconomicIndicator
US February durable goods orders +0.9% vs -1.0% expected
US February durable goods orders +0.9% vs -1.0% expected
February US advance durable goods orders data
US Dollar turns flat with markets digesting upbeat Durable Goods numbers
US Dollar turns flat with markets digesting upbeat Durable Goods numbers
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is steady around 104.30 on Wednesday after the US Durable Goods Orders data release for February. On one hand, the DXY sees some selling pressure from
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
ForexLive European FX news wrap: Sterling eases on lower UK inflation
ForexLive European FX news wrap: Sterling eases on lower UK inflation
Forex news from the European morning session on Mar 26, 2025
Session wrap
Wrap Europe
The markets are setting up for big moves on April 2nd
The markets are setting up for big moves on April 2nd
Scanning through different price charts, it looks like the markets are reaching key technical levels ahead of the US tariffs plan unveiling
market overview
Silver Price Forecast: XAG/USD clings to gains below $34 on Trump tariff woes
Silver Price Forecast: XAG/USD clings to gains below $34 on Trump tariff woes
Silver price (XAG/USD) holds onto gains near $33.80 in European trading hours on Wednesday.
Silver
XAGUSD
Fed
Inflation
EconomicHealth
USD/CNH: May have enough momentum for USD to rise to 7.2820 – UOB Group
USD/CNH: May have enough momentum for USD to rise to 7.2820 – UOB Group
US Dollar (USD) is expected to trade in a 7.2540/7.2700 range vs Chinese Yuan (CNH).
USDCNH
Technical Analysis
Banks
USD/JPY is unlikely to sustain a break above 151.71 – BBH
USD/JPY is unlikely to sustain a break above 151.71 – BBH
USD/JPY is up near 150.50. Bank of Japan Governor Kazuo Ueda reiterated the bank’s guidance that it will continue to raise interest rates if its economic outlook is realized, BBH's FX analysts report.
USDJPY
Technical Analysis
Banks
USD/JPY: Likely to consolidate between 149.40 and 150.50 – UOB Group
USD/JPY: Likely to consolidate between 149.40 and 150.50 – UOB Group
US Dollar (USD) is expected to consolidate vs Japanese Yen (JPY) between 149.40 and 150.50.
USDJPY
Technical Analysis
Banks
Gold has rallied more than 16% this year – ING
Gold has rallied more than 16% this year – ING
In precious metals, exchange-traded funds (ETFs) added 23 tonnes of Gold in the last trading session, the biggest one-day increase since 2022, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Gold
XAUUSD
Technical Analysis
Banks
NZD/USD: Likely to continue to trade in a range – UOB Group
NZD/USD: Likely to continue to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to continue to trade in a range, probably between 0.5715 and 0.5755.
NZDUSD
Technical Analysis
Banks
US MBA mortgage applications w.e. 21 March -2.0% vs -6.2% prior
US MBA mortgage applications w.e. 21 March -2.0% vs -6.2% prior
Latest data from the Mortgage Bankers Association for the week ending 21 March 2025
Tariff concerns drive Copper to record highs – ING
Tariff concerns drive Copper to record highs – ING
Copper futures on Comex surged to a record high, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Copper
Metals
Commodities
Banks
GBP/USD: Defense of the 1.2810/1.2780 is crucial for persistence in up move – Societe Generale
GBP/USD: Defense of the 1.2810/1.2780 is crucial for persistence in up move – Societe Generale
GBP/USD recently approached last November high of 1.3045, which is an interim hurdle, Societe Generale's FX analysts report.
GBPUSD
Technical Analysis
Banks
USDCHF remains stuck in a box as the key date for markets nears
USDCHF remains stuck in a box as the key date for markets nears
The USDCHF pair continues to trade in a range as traders await the US tariffs plan on Wednesday before taking positions with more conviction. What’s next?
CHF
USD
USD/CAD Price Forecast: Slides for third straight trading day
USD/CAD Price Forecast: Slides for third straight trading day
The USD/CAD pair extends its downside move for the third day in a row on Wednesday and slides to near 1.4250.
USDCAD
Fed
BOC
Inflation
TradeWar
Oil: Russia-Ukraine maritime ceasefire is upon us – ING
Oil: Russia-Ukraine maritime ceasefire is upon us – ING
Oil prices slid after Russia and Ukraine agreed to a maritime ceasefire.
Oil
Energy
Banks
RussianFederation
Ukraine
ECB’s Villeroy: Increase in US tariffs in Q2 to have limited impact on European inflation
ECB’s Villeroy: Increase in US tariffs in Q2 to have limited impact on European inflation
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Wednesday that a 25 percentage point increase in the US tariffs in the second quarter could have limited impact on European inflation but added that they could still reduce the Eurozone Gross Domesti
ECB
CentralBanks
GBP: Chancellor Reeves presents the Spring Statement today– Danske Bank
GBP: Chancellor Reeves presents the Spring Statement today– Danske Bank
EUR/GBP continues its steady decline lower after the sharp move higher at the beginning of March, Danske Bank's FX analyst Jesper Fjärstedt reports.
EURGBP
GBPUSD
Technical Analysis
Banks
EUR/USD faces pressure as US Dollar remains firm amid Trump tariff fears
EUR/USD faces pressure as US Dollar remains firm amid Trump tariff fears
EUR/USD struggles to gauge ground after a five-day losing streak near 1.0800 during North American trading hours on Wednesday.
EURUSD
ECB
Fed
DollarIndex
SEO
AUD/USD: Major resistance at 0.6355 is unlikely to come into view – UOB Group
AUD/USD: Major resistance at 0.6355 is unlikely to come into view – UOB Group
Australian Dollar (AUD) could retest the 0.6325 level; the major resistance at 0.6355 is unlikely to come into view.
AUDUSD
Technical Analysis
Banks
AUD: Inflation below expectations – Commerzbank
AUD: Inflation below expectations – Commerzbank
According to the monthly price index, the rate of inflation in Australia fell again in February.
AUDUSD
Technical Analysis
Banks
GBP/USD: No increase in either downward or upward momentum – UOB Group
GBP/USD: No increase in either downward or upward momentum – UOB Group
There has been no increase in either downward or upward momentum; Pound Sterling (GBP) is expected to trade in a 1.2920/1.2980 range.
GBPUSD
Technical Analysis
Banks
Gold higher with Trump threatening to slap tariffs on Copper imports
Gold higher with Trump threatening to slap tariffs on Copper imports
Gold’s price (XAU/USD) is edging higher to around $3,027 at the time of writing on Wednesday and is turning this week’s performance into green numbers. The precious metal is being bought together with other precious metals as Copper
Gold
Commodities
UnitedStates
SEO
TradeWar
BoJ’s Koeda: We are seeing signs of progress on rising prices alongside wage hikes
BoJ’s Koeda: We are seeing signs of progress on rising prices alongside wage hikes
The Bank of Japan (BoJ) new board member Junko Koeda said on Wednesday, “we are seeing signs of progress on rising prices alongside wage hikes.” Additional quotes Various indicators show underlying inflation moving towards 2% inflation sustainably.
BOJ
CentralBanks
InterestRate
Inflation
USDJPY
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Silver
Metals
Commodities
USD: Holding pattern on the chart – ING
USD: Holding pattern on the chart – ING
The Dollar Index (DXY) has found some support under 104.00 helped by a little more stability in US asset markets, ING’s FX analysts Chris Turner notes.
DollarIndex
Technical Analysis
Banks
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Wednesday, according to FXStreet data.
Platinum
Commodities
Palladium
Crude oil price today: WTI price bullish at European opening
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session.
Oil
WTI
Commodities
Bullish
AUD/JPY rises to near 95.00 as Australian Dollar advances due to rising Copper prices
AUD/JPY rises to near 95.00 as Australian Dollar advances due to rising Copper prices
AUD/JPY rebounded from previous session losses, trading around 94.90 during European hours on Wednesday.
AUDJPY
Crosses
Macroeconomics
Japan
Australia