Trading news

Iranian Parliament Speaker Mohammad Bagher Ghalibaf said late Wednesday that the United States should "withdraw from 'Israel First' mistake" and that it "must comply" with a ceasefire in Lebanon.

Japan Foreign Investment in Japan Stocks declined to ¥3B in April 10 from previous ¥2959.6B

The National Bureau of Statistics of China (NBS) will publish its data at 02.00 GMT on Thursday. China quarterly GDP is estimated to grow 1.3% in the first quarter (Q1), compared to an expansion of 1.2% in Q4. On an annual basis, the Chinese economy is forecast to expand 4.8% versus 4.5% prior.

The Australian Dollar extended its gains on Wednesday, up by 0.72% as risk appetite improved amid speculation of a de-escalation of the conflict, keeping oil prices in check as WTI held above $91, despite posting losses of nearly 0.80%. At the time of writing, the AUD/USD trades at 0.7173.

Israel's Security Cabinet convened to discuss a possible Lebanon ceasefire, a senior Israeli official said, over six weeks into a war with Hezbollah that spiralled out of the US-Israeli conflict with Iran, Reuters reported on Wednesday.

Gold price (XAU/USD) tumbles to around $4,800, snapping the two-day winning streak during the early Asian session on Thursday. The ongoing tensions in the Middle East created a safe-haven rush, but that momentum faded as oil prices surged.

Australia will publish the monthly employment report for March on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation.

The NZD/USD pair is trading near the 0.5910 price region, slightly firmer on Thursday, as modest Kiwi strength meets a still-resilient US Dollar (USD) backdrop. Despite the uptick, gains remain limited as markets continue to assess risk sentiment.

BNY’s Bob Savage highlights that Chinese authorities have raised overseas loan leverage ratios and macroprudential parameters to facilitate outbound and cross-border financing.

Gold price retreats during the session, down nearly 1%, as risk appetite improves and flows rotate toward US equities, pushing the S&P 500 index past the 7,000 figure, poised to test the all-time high at around 7.014.

Silver price halted its advance as a ‘doji candle’ emerged near the 50-day Simple Moving Average (SMA) at $79.09, a sign of indecision amongst traders, whether to push prices towards the next cycle high at $90.01 —the March 10 high—, or challenge the 100-day SMA key support at $76.67.

United States Net Long-Term TIC Flows registered at $58.6B above expectations ($36.6B) in February

United States Total Net TIC Flows increased to $184.5B in February from previous $-25B

Standard Chartered economists Carol Liao, Moriarty Lam and Shuang Ding highlight that China has become the world’s largest exporter of AI‑related goods, with exports spanning raw materials to hardware and applications.

Alberto Musalem, President of the Federal Reserve (Fed) Bank of St. Louis, said in an exclusive note he gave on Wednesday that the Oil shock caused by the Middle East war is likely feeding core inflation, he expects it to be near 3% throughout the year.

DBS Group Research economists Taimur Baig and Chua Han Teng argue that recent commodity price shocks will inevitably lift inflation in Singapore, but highlight the role of the Singapore Dollar and policy buffers.

The US Dollar Index (DXY) struggled to build on recent gains, trading near 98.10 on Tuesday in a tight range as mixed US data and conflicting signals from yields capped momentum.

USD/JPY holds firm on Wednesday despite a broadly weaker US Dollar (USD). The pair remains confined within a one-month trading range, as elevated Oil prices linked to tensions in the Middle East continue to weigh on the Japanese Yen (JPY).

MUFG’s Senior Currency Analyst Michael Wan argues that KRW could outperform in a de-escalation scenario despite vulnerability to prolonged conflict and higher Oil prices. The bank expects the strong AI and technology cycle to continue supporting South Korea.

UOB’s Ho Woei Chen highlights that China’s March data showed a sharp divergence between exports and imports, narrowing the trade surplus to a 13‑month low.