Summary
Carol Harmer will be talking about what she thinks the market will do technically for the month of April. Also, she'll answer questions of the users.Latest Live Videos
Editors’ Picks
AUD/USD looks weak, breaches below 0.7000
AUD/USD quickly forgets about Wednesday’s advance and resumes the weekly correction, breaching below the 0.7000 mark to hit fresh two-day troughs and opening the door to a potential challenge of monthly lows in the 0.6950-0.6940 band. In the meantime, the increasing flight-to-safety environment is expected to keep the Aussie and its risk-linked peers under intense pressure for now.
EUR/USD weakens toward 1.1600 as firm US data revives the US Dollar
The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session.
Gold: further weakness could challenge $5,000
Gold comes under fresh selling pressure on Thursday, slipping back below the $5,100 mark per troy ounce. Persistent strength in the US Dollar (USD) is preventing the yellow metal from building a meaningful recovery, even as markets remain risk-averse amid the deepening conflict in the Middle East.
NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation
OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.
Two PMIs, two Chinas Premium
China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.
Here is what you need to know for Friday, March 6:
The US Dollar (USD) is being supported by crude oil prices, which rose to its highest level since July 2024, amid headlines of potential interruptions to the Strait of Hormuz and attacks on vessels in the region.