Gold price retreats during the session, down nearly 1%, as risk appetite improves and flows rotate toward US equities, pushing the S&P 500 index past the 7,000 figure, poised to test the all-time high at around 7.014.

Silver price halted its advance as a ‘doji candle’ emerged near the 50-day Simple Moving Average (SMA) at $79.09, a sign of indecision amongst traders, whether to push prices towards the next cycle high at $90.01 —the March 10 high—, or challenge the 100-day SMA key support at $76.67.

United States Net Long-Term TIC Flows registered at $58.6B above expectations ($36.6B) in February

United States Total Net TIC Flows increased to $184.5B in February from previous $-25B

Standard Chartered economists Carol Liao, Moriarty Lam and Shuang Ding highlight that China has become the world’s largest exporter of AI‑related goods, with exports spanning raw materials to hardware and applications.

Alberto Musalem, President of the Federal Reserve (Fed) Bank of St. Louis, said in an exclusive note he gave on Wednesday that the Oil shock caused by the Middle East war is likely feeding core inflation, he expects it to be near 3% throughout the year.

DBS Group Research economists Taimur Baig and Chua Han Teng argue that recent commodity price shocks will inevitably lift inflation in Singapore, but highlight the role of the Singapore Dollar and policy buffers.

Bitwise Investments has launched its spot Avalanche ETF, now trading under the ticker BAVA on the New York Stock Exchange (NYSE), according to a Wednesday statement.

The US Dollar Index (DXY) struggled to build on recent gains, trading near 98.10 on Tuesday in a tight range as mixed US data and conflicting signals from yields capped momentum.

USD/JPY holds firm on Wednesday despite a broadly weaker US Dollar (USD). The pair remains confined within a one-month trading range, as elevated Oil prices linked to tensions in the Middle East continue to weigh on the Japanese Yen (JPY).

MUFG’s Senior Currency Analyst Michael Wan argues that KRW could outperform in a de-escalation scenario despite vulnerability to prolonged conflict and higher Oil prices. The bank expects the strong AI and technology cycle to continue supporting South Korea.

UOB’s Ho Woei Chen highlights that China’s March data showed a sharp divergence between exports and imports, narrowing the trade surplus to a 13‑month low.

ING analysts Muhammet Mercan, Frantisek Taborsky and James Wilson note that the Turkish Lira (TRY) has stabilised after US-Iran tensions eased, with the Central Bank of Turkey (CBT) maintaining market confidence and a steady USD/TRY path.

Lido DAO (LDO) edges up above $0.37 at the time of writing on Wednesday, as crypto prices broadly recover. The liquid staking token (LST) is up over 8% on the day, supported by strong momentum indicators. Reclaiming the supply zone around $0.40 could increase the odds of a sustained recovery.

The AUD/USD surged near the 0.7160 price region on Wednesday, as investors positioned ahead of key Australian labor market data and continued to assess the broader US Dollar (USD) backdrop amid mixed United States (US) macro signals.

West Texas Intermediate (WTI) US Oil trades around $89.10 on Wednesday at the time of writing, remaining broadly stable on the day after earlier falling to a three-week low near $85.

The GBP/USD halts its advance on Wednesday and remains steady around 1.3570 as optimism about a resumption of US-Iran talks has tempered. At the same time, US equities extended their gains, and the Greenback seems to have bottomed after hitting a six-week low.

EUR/USD regains ground on Wednesday, erasing earlier losses as the US Dollar (USD) continues to weaken, allowing the Euro (EUR) to extend gains for an eighth consecutive day amid improving risk sentiment driven by hopes of renewed US-Iran talks.

Joachim Nagel, President of the Bundesbank and member of the European Central Bank (ECB) spoke in an interview with Bloomberg on Wednesday. He said that questions about the Strait of Hormuz are essential, as we're between the baseline and an adverse scenario.

World Liberty Financial token (WLFI) is trading around $0.08 at the time of writing on Wednesday, in line with relatively suppressed sentiment across the crypto market. The Decentralized Finance (DeFi) token trades within a broader downtrend from a record high of $0.33 in September.

Rabobank Senior FX Strategist Jane Foley notes that while risk sentiment has improved and the Dollar’s safe-haven bid has faded, the physical Oil market tells a different story.

Silver (XAG/USD) trades with a positive bias on Wednesday but lacks strong upside momentum as traders continue to monitor evolving geopolitical developments in the Middle East. At the time of writing, XAG/USD is trading around $80, hovering near one-month highs.

DBS Group Research economists Radhika Rao and Chua Han Teng assess how ASEAN-6 and India will respond to higher energy prices and renewed inflation pressures.

ING’s Bert Colijn notes that Eurozone industrial production rose just 0.4% in February versus January, leaving output below most of 2025 levels. He highlights that higher energy prices and the Middle East war are set to weigh further on energy‑intensive industry and investment.

United States EIA Crude Oil Stocks Change came in at -0.913M, below expectations (0.2M) in April 10

Scotiabank strategists Shaun Osborne and Eric Theoret observe the Japanese Yen (JPY) is trading slightly weaker near the middle of its recent range and has underperformed G10 peers during the broader sentiment recovery.

USD/CHF trades around 0.7820 on Wednesday at the time of writing, up 0.04% on the day, but the pair remains close to a 1-month low at 0.7790 reached on Tuesday.