BoE’s Taylor: Currently see a high bar to hiking

Alan Taylor, an external member of the Monetary Policy Committee of the Bank of England (BoE), said that he currently sees a high bar to hiking the rates at a conference in New York hosted by Exante Data. He also added that the current energy shock looks more like the 2011 situation than the 2022.

NZD/USD falls for third straight day as Iran-US tensions lift safe-haven US Dollar

NZD/USD extends its downward move on Thursday, trading around 0.5770 at the time of writing, down 0.65% on the day. The pair is now on its third consecutive day of losses after failing to hold near the 0.5900 area reached last week.

GCC: Shock transmission and buffers – Standard Chartered

Standard Chartered Bank analysts Bader Al Sarraf and Razia Khan assess how the Middle East escalation and potential Strait of Hormuz disruptions could affect Gulf Cooperation Council (GCC) economies.

Dow Jones Industrial Average futures whiplash as Iran tensions resume

The Dow Jones Industrial Average fell around 230 points, or roughly 0.5%, on Thursday, giving back the previous session's gains as surging Oil prices and collapsing ceasefire optimism crushed risk appetite. The S&P 500 dropped 0.8%, while the tech-heavy Nasdaq Composite shed 1.1%.

United States 7-Year Note Auction increased to 4.255% from previous 3.79%

United States 7-Year Note Auction increased to 4.255% from previous 3.79%

Gold Price Analysis: Pullback Accelerates Amid Fed Repricing, Retail Liquidation

Gold price analysis suggests the probability of further downside as the stronger dollar weighs on the precious metal. The new Fed Chair nomination has triggered a wave of deeper retracement in gold after a strong rally. Gold’s structural support remains intact as central banks still buy, while US-Iran tension also maintains a safe-haven demand. Gold...

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AUD/USD Forecast: RBA Decision vs Hawkish Fed Risks Cap Near-Term Upside

The AUD/USD forecast edges to the downside despite a hotter inflation print as the yields fell sharply, suggesting only a single RBA hike in the near term. Trump’s nomination of Kevin Warsh as the next Fed Chair lifts the US dollar, as markets view the decision as less dovish. COT positioning suggests reduced AUD longs,...

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EUR/USD Weekly Forecast: Bulls Fading from Multi-Year Top Ahead of ECB, NFP

The EUR/USD weekly forecast points to a corrective downside despite the pair ending the week with net gains, as the US dollar recovered slightly. Upbeat US PPI and the Fed’s hold in its recent meeting lent room to the falling dollar. The markets will closely watch the ECB rate decision and US employment data for...

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GBP/USD Weekly Forecast: Firm USD Risks Break of 1.37, Eyes on BoE, NFP

The GBP/USD weekly forecast remains slightly subdued as the markets pared partial weekly gains amid dollar recovery and profit-taking. Fed’s data dependency and resilient UK economy continue to balance the GBP/USD. Market participants eye the US NFP and the BoE interest rate decision to gauge further directional bias. The GBP/USD price closed its second consecutive...

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Gold Outlook: Strong Selling Amid Firm Dollar Ahead of US PPI

The gold outlook remains slightly deteriorated after a 4% plunge in a single session amid profit-taking. The structural demand for gold stays intact, with institutional targets set at $6,200 by mid-2026. Gold’s path could be bumpy depending on US macroeconomic data releases. Gold has been experiencing increased volatility after breaking the $5,500 barrier. The metal...

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