Sainsbury

The first half of the week was full of fear and hope. Trump’s frustration with the Federal Reserve (Fed) President Powell and the threat of Powell being removed from his role weighed on sentiment at the start of the week. Meanwhile, the IMF lowered its world growth forecasts sharply pointing at hect

LME Copper climbed to a two-week high yesterday after reopening from the long Easter weekend. Trump's comments suggest room for de-escalation on the trade front "Dollar weakness seen in recent days is providing some support. Meanwhile, comments from Trump suggesting a reduction in China tariffs leav

Gold pulls back after sharp rally to all-time high. Bearish candlestick pattern emerges; overbought signals confirmed. Sellers eye a close below 3,290 to target lower levels. Gold opened Wednesday’s session with a downside gap, extending its retreat from the record high of 3,499. The formation of a

Asia market update: Strong US session extends into Asia after Trump says will Not fire Fed Chair Powell; DE/EU/UK/US Apr Flash PMIs tonight. General trend - Equities bounced back during the US session and then after the close gapped up strongly at the Asian open as Pres Trump walked back his weekend

Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note. Markets are questioning USD’s status as a reserve currency "Daily momentum is bearish, while RSI fell into oversold conditions. Support at 98, 97.65

General trend - Pres Trump repeated his call for Powell to lower interest rates, calling Powell a "Major loser" for good measure. Markets spat the dummy out at what they perceived as further risk-off from the US. - USD/JPY resumed its fall, breaking below 140 for fist time since Sept 2024 while the

EU mid-market update: Putin's 30-hours Easter ceasefire ends as Trump remains optimistic on the Russia-Ukraine deal this week; Japan PM apparently resists constant concessions in trade talks with US. Notes/observations - In observance of Easter Monday, Europe’s principal stock exchanges remain close

EUR/USD rallies over 1% in Asian trading on Monday as the relentless selling interest in the US Dollar (USD) paves the way for the major to clear the 1.1500 threshold for the first time since November 2021. Growing concerns over a US economic recession and the Federal Reserve’s (Fed) independence co

We’ve continued to see significant chop across financial markets as investors try and make sense of where President Trump’s gaze will fall next. Fresh from announcing a 90-day pause on tariffs the President has shifted his attention to Fed chairman Jay Powell, criticising him for not cutting interes

The single European currency is trading just above the 1.1350 level in the early hours of Thursday in a narrow trading range as investors eagerly await the European Central Bank meeting and President Christine Lagarde's speech that will follow. Any result beyond a 25 basis point cut would be a big s

For now, markets appear to be holding their breath. Volatility has eased, headlines have cooled, and equities are attempting to regain some footing. But beneath the surface, a far more important narrative is forming — one that doesn’t depend on whether we get a tariff détente or an all-out escalatio

The CPI print in Canada this afternoon can swing expectations for tomorrow’s Bank of Canada meeting, OCBC's FX analysts Frances Cheung and Christopher Wong note. USD/CAD can continue to trade below 1.40 for now "Consensus is for a tick higher in March inflation, both on the headline (from 2.6% to 2.

Neel Kashkari, Minneapolis Federal Reserve (Fed) President, said in a CBS ‘ Face the Nation show on Sunday that recession prospects from President Trump’s trade war will be determined by whether there are “quick resolutions” to trade uncertainties with major trading partners. Kashkari said: “This is