Trading news

The Australian Dollar (AUD) is outperforming most of its peers on Wednesday, and extends gains against the US Dollar (USD), reaching the mid-range of 0.6900s, from 0.6833 lows on Tuesday, fuelled by higher risk-appetite amid hopes of a swift end to the Iran war.

In its Financial Policy Committee (FPC) statement released on Wednesday and reported by Reuters, the Bank of England (BoE) said the United Kingdom’s (UK) financial system remains resilient but warned that global risks are increasing as geopolitical tensions and stretched asset valuations raise the l

HSBC’s Willem Sels and Lucia Ku reiterate a constructive six‑month view on Gold, keeping an Overweight stance. They argue recent headwinds should be short-lived, with fundamentals still supportive.

UOB analysts Quek Ser Leang and Lee Sue Ann highlight a sharp EUR/USD rebound from 1.1446 to 1.1563, with scope for further gains toward 1.1595 while 1.1620 is seen as strong resistance.

TD Securities analysts expect the Bank of Canada (BoC) Summary of Deliberations to reiterate a dovish tone, emphasizing Canada’s softer domestic backdrop and recent disinflation.

EUR/GBP trades around 0.8725 on Wednesday at the time of writing, down 0.10% on the day.

ING analysts Ewa Manthey and Warren Patterson note that Oil prices, including Brent and WTI, have dropped below $100 as US President Trump signalled a possible end to the war with Iran.

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $74.48 per troy ounce, down 0.88% from the $75.14 it cost on Tuesday.

Rabobank’s Global Daily notes US Treasury yields have fallen for two sessions as Fed Chair Powell downplayed the need for rate hikes and markets reassessed inflation risks.

MUFG’s Head of Research Derek Halpenny warns that the Pound’s (GBP) strong March performance looks vulnerable. He links Sterling’s gains mainly to yields, while highlighting the UK’s rising energy import dependency, shrinking refinery capacity, and risks of refined fuel shortages.

United States (US) President Donald Trump said to the United Kingdom (UK) Daily Telegraph that he is strongly considering pulling the US out of the North Atlantic Treaty Organization (NATO). Trump added that he always knew NATO was a 'Paper Tiger'.

AUD/JPY gains ground for the second consecutive trading day, trading around 110.10 during the European hours on Wednesday. The currency cross appreciates as the risk-sensitive Australian Dollar (AUD) receives support amid de-escalating Middle East tensions.

Eurozone Unemployment Rate above expectations (6.1%) in February: Actual (6.2%)

The Institute for Supply Management (ISM) is scheduled to release the March Manufacturing Purchasing Managers’ Index (PMI) on Wednesday. Market participants anticipate it would ease modestly to 52.3 from the 52.4 posted in February.

Greece Unemployment Rate (MoM) up to 8.5% in February from previous 7.7%

DBS Group Research economist Radhika Rao notes Eurozone inflation accelerated to 2.5% year-on-year in March 2026, mainly on higher energy costs, while food and core pressures stayed moderate.

The Euro (EUR) accelerated its recovery against the Japanese Yen (JPY) on Wednesday, reaching session highs above 183.80, from 182.65 lows on Monday, fuelled by the release of stronger-than-expected Eurozone manufacturing figures and a brighter market mood.

The EUR/USD pair extends Tuesday’s recovery on Wednesday, trading 0.3% higher to near 1.1600 during the European session. The major currency pair gains as demand for safe-haven assets has diminished due to increased hopes of a ceasefire in the Middle East.

Standard Chartered economists Dan Pan and Steve Englander argue that additional US tax refunds under the OBBBA will be smaller than markets and Congress expect, limiting their impact on 2026 US growth.

Bank of Japan (BoJ) policymaker Toichiro Asada said during European trading hours on Wednesday that higher oil prices have prompted upside inflation risks.