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Australia's consumer confidence hits 6-month low amid tariff concerns - BBH
Australia's business survey was mixed but consumer confidence plunged, BBH FX analysts report.
USD/CNH: Set to weaken to 7.2430 before stabilisation can be expected - UOB Group
Scope for US Dollar (USD) to weaken to 7.2430 vs Chinese Yuan (CNH) before stabilisation can be expected; it is unclear if 7.2150 will come into view.
USD/JPY gains on strengthening US Dollar - BBH
USD/JPY firmed up on USD strength, BBH FX analysts report.
USD/JPY: Likely to trade in a range between 146.00 and 149.00 - UOB Group
US Dollar (USD) is likely to trade in a range between 146.00 and 149.00 vs Japanese Yen (JPY).
PBOC signals weaker yuan as USD/CNH tests resistance - BBH
The Shanghai Composite Index recovered slightly today after diving by roughly 9% on Monday. China's state fund manager, controlled by the Ministry of Finance, confirmed it had taken action to increase its holdings of stock market index funds and promised to buy more, BBH FX analysts report.
US recession odds rise as global trade conflict deepens
Expectations for the United States (US) economy to tip into recession this year gain traction following the introduction of aggressive tariffs by US President Donald Trump.
EUR/USD struggles to extend recovery amid fears of potential Eurozone-US tariff war
EUR/USD trades higher in Tuesday's European trading session but struggles to reclaim the psychological figure of 1.1000. The major currency pair tussles for more upside as the US Dollar Index (DXY) strives to extend its two-day recovery move above Monday's high of 103.50.
S&P 500 faces crucial support at 4800pts after breakdown - Société Générale
S&P 500 has experienced a steep decline after breaking down from its multi-month range, Société Générale's FX analysts note.
NZD/USD: Likely to trade in a 0.5500/0.5600 range - UOB Group
New Zealand Dollar (NZD) is likely to trade in a 0.5500/0.5600 range vs US Dollar (USD). In the longer run, it is too early to expect the weakness to stabilise, but it remains to be seen if NZD can decline to the next support at 0.5450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH eyes breakout as 7.37 resistance looms - Société Générale
USD/CNH has rebounded after defending the 200-DMA at 7.22. Daily MACD has entered positive territory highlighting regain of upward momentum, Société Générale's FX analysts note.
AUD/USD: Likely to trade in a range of 0.5945/0.6110 - UOB Group
Instead of continuing to drop, Australian Dollar (AUD) is more likely to trade in a range of 0.5945/0.6110 vs US Dollar (USD).
Gas prices hit 7-month low - ING
European natural gas prices haven't escaped the broader risk-off move, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gold bounces back above $3,000 as trade war tensions flair up
Gold price (XAU/USD) is bouncing higher in tandem with Equities after another stellar nosedive move on Monday. The precious metal trades just above the $3,000 mark at the time of writing on Tuesday.
ECB's Stournaras: Monetary policy is to be less restrictive in 2025
European Central Bank (ECB) policymaker Yannis Stournaras warned on Tuesday, "monetary policy is to be less restrictive in 2025."
USD: Wild moves continue - ING
Markets remain on edge as trade tensions, erratic headlines, and shifting currency dynamics drive sharp moves across asset classes. While some signs of optimism emerge, risks to the US dollar and commodity-linked currencies persist, ING's FX analyst Francesco Pesole notes.
Confidence tumbles and US Dollar falls under pressure - Commerzbank
Business and consumer sentiment in the US is collapsing, and hard data may soon follow. With tariffs acting as an exogenous shock, investors are preparing for recession -- not inflation -- and abandoning the US Dollar, Commerzbank's FX analyst Antje Praefcke notes.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
ECB's Šimkus: 25 bps rate cut needed in April
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that a"25 basis points (bps) rate cut is needed in April."
Oil: Tariff tensions build - ING
Oil prices witnessed something of a relief rally this morning. Yet risks are still skewed to the downside as President Trump threatens an additional 50% tariff on Chinese goods if it doesn't lift its 34% retaliatory tariff today. It's unlikely that China will reverse the policy.
GBP/USD: Set to edge lower to 1.2675 before stabilising - UOB Group
Pound Sterling (GBP) could edge lower to 1.2675 before stabilisation is likely vs US Dollar (USD); any further decline is unlikely to reach 1.2580.
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