Summary
Global divergences in monetary have come to fore with the US letting QE 3 see a natural death even as BoJ Governor Kuroda has finally convinced the rest of the monetary board to go his way with another massive JGB buying program. Let us explore the arguments for the ECB for this meeting.Latest Live Videos
Editors’ Picks
AUD/USD: Recovery now targets 0.7100
AUD/USD reverses two steep daily declines in a row, gathering fresh steam and retargeting the key 0.7100 barrier at the end of the NA session on Wednesday. Fresh selling pressure around the Greenback allows the Aussie to regain traction, coming back from Tuesday’s four-week lows near 0.6950.
EUR/USD struggles to regain momentum in the low1.1600s
EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.
Gold recovers modestly despite intensifying Middle East crisis
Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.
XRP rises alongside peers as ETFs attract inflows
Ripple (XRP) is gaining upside momentum, trading above $1.40 at the time of writing on Wednesday. The remittance token is rising in tandem with major crypto assets, including Bitcoin (BTC), which has crossed above the pivotal $70,000 level, and Ethereum (ETH), which is holding above $2,000.
First Venezuela, now Iran: The US-China energy war escalates Premium
At first glance, the latest escalation involving the United States with both Iran and Venezuela looks like another chapter in a long-running geopolitical story. But viewed through a broader strategic lens, something else may be unfolding: Energy.
Here is what you need to know on Thursday, March 5:
The US Dollar (USD) eased on Wednesday after a two-day rally drove the US Dollar Index (DXY) near the 100.00 mark. The Greenback ignored the positive employment data and ISM Services PMI as the ongoing war between the US and Iran weights on sentiment.