TD Securities’ Senior Commodity Strategist Daniel Ghali notes that Copper prices have almost fully retraced losses from the Iran war despite heavy fund liquidations and weakening risk assets.
MUFG’s Head of Research Derek Halpenny notes the US Dollar has stabilised after a modest rebound as markets reassess the fragile Middle East ceasefire and its impact on risk sentiment.
Ripple (XRP) is edging lower for a second consecutive day, below its weekly peak of $1.40 and trading at around $1.33 at the time of writing on Thursday.
The United States' (US) real Gross Domestic Product (GDP) expanded at an annual rate of 0.5% in the fourth quarter, the US Bureau of Economic Analysis' third estimate showed on Thursday.
ING’s Francesco Pesole sees limited further downside in EUR/GBP after the cross fell to 0.870 on Sterling’s (GBP) sensitivity to the equity rally.
Inflation in the United States, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, held steady at 2.8% in February, the US Bureau of Economic Analysis (BEA) reported on Thursday. This print came in line with the market expectation.
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance increased to 219K for the week ending April 4.
Iran's President Masoud Pezeshkian said on Thursday that Israeli strikes on Lebanon would deem negotiations meaningless because they violate the ceasefire agreement, per Reuters.
BNY’s Head of Markets Macro Strategy Bob Savage reports that Reserve Bank of New Zealand (RBNZ) Governor Anna Breman signaled readiness to hike rates if core inflation accelerates, citing upside risks from higher fuel prices tied to Middle East tensions.
Gold (XAU/USD) holds steady on Thursday as markets closely monitor developments surrounding the fragile ceasefire in the Middle East.
The crypto market is struggling to hold onto modest early-weekly gains on Thursday, as concerns over the United States (US) and Iran ceasefire deal keep markets on edge. Bitcoin (BTC) is battling to gain momentum above $70,000 after a rejection from its weekly high of $72,857.