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Iron ore gains on supply woes – ING
Iron ore has jumped to the highest level since October 2024 with prices approaching $108/t this morning as a tropical cyclone in Australia raised concerns about supply disruptions. Demand from China remains steady "Cyclone Zelia is expected to grow stronger as it heads towards Australia’s Pilbara re
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GDP per capita keeps mostly growing in CEE
On the radar There are no major releases scheduled today in CEE. Hungarian central bank will publish the minutes from the meeting. Economic developments In 2023, GDP per inhabitant as a percentage of the EU27, expressed in Purchasing Power Standards (PPS), increased compared to 2022 in all CEE count
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WTI edges higher to near $73.00 amid supply worries
WTI extends its recovery to a two-week high near $72.95 in Wednesday’s early Asian session. The rising Middle East geopolitical tensions boost the WTI price. US crude oil stockpiles climbed by 9.043 million barrels last week, according to the API. West Texas Intermediate (WTI), the US crude oil benc
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Gold’s Target – Major Bullish Move Ahead? 3169.30?
#XAU/USD# Gold has been following a long-term Elliott Wave cycle since 1970, and Wave 5 is now in progress! Key Wave Structure: ✅ Wave 1: $35.85 → $875 ✅ Wave 2: $252.1 (Correction) ✅ Wave 3: $1920.94 (Major Bull Run) ✅ Wave 4: $1046.54 (Final Pullback) 🔥 Wave 5: Currently playing out
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EUR is relieved that autos escaped tariff threat for now – Scotiabank
The Euro (EUR) traded defensively Friday as President Trump announced that reciprocal tariffs were coming soon, Scotiabank's Chief FX Strategist Shaun Osborne notes. EUR is trading softer on the day "The EUR has lost a little more ground over the weekend but—after the president highlighted autos as
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AUD/JPY drops to near 95.50 as Australia's trade surplus shrinks to a three-month low
AUD/JPY loses ground as Australia's trade surplus fell to 5,085M in December, the smallest balance since last September. The AUD faces challenges amid increased dovish sentiment surrounding the RBA’s upcoming policy decision. The Japanese Yen gains strength as solid wage and services data boost expe
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USD/CAD slumps below 1.4300 as CAD capitalizes on Trump’s suspension of tariff orders
USD/CAD falls sharply below 1.4300 as the Canadian Dollar continues to advance on US President Trump’s decision to postpone tariffs on Canada. BofA expects US tariff threats to China will continue to persist until a new USMCA deal gets negotiated. Investors await the US ISM Services PMI and the ADP
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The Fed could find itself in a policy Catch-22 if tariffs spike inflation and slow growth
A complicated scenario is emerging surrounding the tariff drama that could put the Federal Reserve in an uncomfortable Catch-22, unsure whether to use its policy levers to tame inflation or boost growth. With many bridges to cross yet in President Donald Trump's efforts to use the levies as a tool b
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AUD/USD to drop further – UOB Group
Chance for Australian Dollar (AUD) to drop further; given the deeply oversold conditions, a sustained decline below 0.6080 appears unlikely today. In the longer run, AUD is under pressure; it is too early to determine if there is enough momentum for it to drop towards 0.6000, UOB Group’s FX analysts
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Japan PM Ishiba: Japan to maintain investment in US for job creation
Japan’s Prime Minister Shigeru Ishiba said on Friday that the government will continue to invest and create jobs in the United States (US). Ishiba further stated that he will urge the US to provide a stable energy supply. Market reaction At the time of writing, USD/JPY is trading 0.11% lower on the
Pull-up Update
