News and Analysis

U.S. stocks are rising cautiously ahead of the Federal Reserve interest rate decision later today, as well as key tech earnings after the close.

The DAX is finding some relief from the recent improvement in risk appetite, with investors becoming less concerned about the sustainability of the AI trade

GBP/USD struggles ahead of the Budget and Fed rate decision. EUR/USD under pressure ahead of the Fed and ECB rate decisions.

Gold bulls defend $4,000 as prices rebound across major currencies. But a strong US dollar, elevated oil prices and the Fed could limit gains.

RBNZ shocks, Kiwi collapses. NZD/USD faces a major technical test while AUD/NZD surges on diverging interest rate expectations. Is there more to come?

French debt was the market's obsession a week ago. Now, short-term correlations suggest technology sentiment may be calling more of the shots, with central bank decisions and heavyweight tech earnings threatening to accelerate the euro's decline.

Australian CPI and rate decisions from the RBNZ, BoC and Fed put AUD, NZD and CAD to the test, with inflation surprises and policy guidance in focus.

Over the last few trading sessions, gold has managed to stage a modest recovery. The precious metal has gained more than 1.7% across the last two sessions, a move that has introduced some buying momentum after several weeks of sustained pressure on prices. For now, this rebound appears to be driven largely by the cautious atmosphere dominating markets ahead of the Federal Reserve's monetary policy decision.

Fed Funds futures traders are pricing in ~90% odds that the FOMC leaves rates unchanged this week, but the big question is whether FOMC Chairman Warsh can deliver a true hawkish hike.

A rebound from yearly-open support has revived the USD/JPY recovery, but bulls still need a decisive weekly close to unlock further upside.

As the trading week progresses, a cautious tone is becoming increasingly evident around the Australian dollar. This can be observed in the recent performance of AUD/USD, where price action has remained largely unchanged over the last three trading sessions, recording a move of barely 0.1%. This behavior highlights a clear lack of direction within the market.

Silver is showing some encouraging signs after an initially weak start to the session. The metal dropped to a new year-to-date low below the $53 handle, reaching $52.60 before staging a sharp recovery.