Forex
The NZD/USD rallied sharply on Wednesday, boosted by a double whammy. The de-escalation of the Middle East conflict, and hawkish remarks by the RBNZ Governor, Anna Breman, post the bank’s monetary policy meeting.
US Dollar, AUD/USD and EUR/USD Analysis: The Greenback’s two-month Petrodollar rally takes a massive hit as an unexpected US-Iran ceasefire agreement shatters war-driven demand. Yesterday's truce headline sent the Dollar Index tumbling. Explore a technical analysis of the Dollar Index, EUR/USD, and AUD/USD to assess the market's decisive turn.
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that the Japanese Yen (JPY) has gained over 0.7% versus the US Dollar (USD) but still lags other G10 currencies as risk sentiment improves on the ceasefire.
Indices
S&P 500, Dow Jones, Nasdaq Analysis and Trading Levels: Stock market bulls return with a vengeance as an official US-Iran ceasefire wipes out 28 days of severe corrections. With the Nasdaq surging over 3% and the US Dollar giving up its safe-haven gains, WTI Crude Oil plummets 20% to a $92 daily bottom before creeping higher. Explore an intraday technical analysis of the markets as traders digest the 14-day temporary breather.
Forex
USD/CAD trades with a downside bias on Wednesday, as the US Dollar (USD) comes under broad selling pressure following a temporary ceasefire agreement between the United States and Iran. At the time of writing, the pair is trading around 1.3847, extending losses for the third straight day.
Forex
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Pound (GBP) is a strong G10 performer, gaining about 1.1% on sentiment-driven buying and pushing to the top of its late-February range.
Mid-Week update for North-American Markets – The Ceasefire is officially in effect, bringing ecstatic flows into Markets and leading rough drops in the CAD and USD. Taking a close look at NA index and currency performance combined with a USD/CAD intraday chart to spot what's next for American Markets.
Commodities
Gold's "war premium" is fading after the US-Iran ceasefire sparked a rally, now stalled near $4900 resistance. The metal faces binary risks: a truce failure could send it to $4500, while strong net-long sentiment suggests a near-term slide. Dollar softness and silver's 7% rally provide underlying support.
Forex
The NZD/USD pair is up 1.6% to near 0.5830 in the European trading session on Wednesday.
Forex
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the third consecutive day on Wednesday, boosted by investors’ optimism about the ceasefire in Iran.
