Trading news

Indonesia Gross Domestic Product (QoQ) registered at -0.77% above expectations (-0.97%) in 1Q

Indonesia Gross Domestic Product (YoY) came in at 5.61%, above forecasts (5.3%) in 1Q

USD/INR extends gains for the third successive day, trading around 95.40 during the Asian hours on Tuesday. Traders await India’s HSBC Composite and Services Purchasing Managers' Index (PMI) data to be released later in the day.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, holds steady around mid-98.00s during the Asian session on Tuesday, consolidating its gains registered over the past two days.

Silver price ( XAG/USD) tumbles to near $72.85 during the Asian trading hours on Tuesday. The white metal remains under selling pressure amid intensifying tensions in the Middle East. Reports of Iranian attacks on vessels in the Strait of Hormuz boost crude oil prices, fueling inflation fears. 

Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday and reverses a part of the previous day's downfall to the $4,500 mark, or over a one-month low.

EUR/USD moves little after two days of losses, trading around 1.1690 during the Asian hours on Tuesday. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair is testing the lower boundary of the ascending channel.

West Texas Intermediate (WTI) oil price inches lower after registering modest gains in the previous day, trading around $101.80 per barrel during the Asian hours on Tuesday.

The GBP/USD pair trades with a negative bias for the third straight day on Tuesday, though it lacks follow-through selling and holds above the 1.3500 psychological mark during the Asian session.

The USD/JPY pair holds steady around 157.25 during the Asian trading hours on Tuesday. The latest developments in the Middle East send oil prices higher, sparking further fears of instability in the region.

New Zealand ANZ Commodity Price dipped from previous 4.1% to -0.8% in April

The International Monetary Fund (IMF) managing director Kristalina Georgieva warned that inflation is already picking up and the global economy could face a “much worse outcome” if the war in the Middle East drags into 2027 and oil prices hit about $125 a barrel, Reuters reported on Tuesday.

AUD/USD extends its losses for the second successive day, trading around 0.7160 during the Asian hours on Tuesday. Traders expect the Reserve Bank of Australia (RBA) to deliver an interest rate hike later in the day.

The NZD/USD pair remains under some selling pressure for the third consecutive day and trades around the 0.5865-0.5860 area during the Asian session on Tuesday.

The USD/CAD pair edges lower to near 1.3620 during the early Asian trading hours on Tuesday. Escalating tensions in the Middle East after the United Arab Emirates (UAE) reports missiles and drone threats from Iran underpin the commodity-linked Canadian Dollar (CAD).

Iran's Foreign Minister Abbas Araghchi said that the current situation in the Strait of Hormuz makes it “clear that there’s no military solution to a political crisis”.

Iran attacked the United Arab Emirates (UAE) with a barrage of missiles and drones after the United States (US) launched a major operation to wrest control of the Strait of Hormuz, Reuters reported on Monday.

The EUR/USD pair trades in the negative territory around 1.1690 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid rising tensions in the Middle East after Iran attacked the United Arab Emirates (UAE).

Australia S&P Global Composite PMI above forecasts (50.1) in April: Actual (50.4)

Australia S&P Global Services PMI came in at 50.7, above forecasts (50.3) in April