Haber Akışı

Gold (XAU/USD) remains under pressure on Thursday but holds near $4,700 at the time of writing, showing some resilience despite an unfavorable backdrop.

Deutsche Bank analysts note Brent Oil remains on an upward trajectory, trading above $103 per barrel and heading for a fourth consecutive daily gain as the Iran conflict persists.

ING’s Francesco Pesole notes that resilient United States (US) equities and higher Oil prices have driven flows away from low-yielding, energy-importer currencies toward the Dollar and commodity FX.

BNY’s Geoff Yu argues that recent European inflation data do not yet justify pre-emptive tightening by the European Central Bank (ECB) or Bank of England (BoE).

Deutsche Bank strategists report the S&P 500 closed at a fresh record, supported by strong earnings and tech leadership, even as most constituents declined. Futures now point lower as the Iran conflict and higher Oil prices weigh on risk sentiment.

West Texas Intermediate (WTI), futures on NYMEX, trades 2% higher to near $93.70 during the European trading session on Thursday.

EUR/CAD extends its losing streak for the seventh consecutive day, trading around 1.5980 during the European hours on Thursday. The currency cross remains in the negative territory following the release of Purchasing Managers’ Index (PMI) data from Germany and the Eurozone.

Rabobank’s Global Strategist Michael Every warns that conflict around Iran and disruptions in the Strait of Hormuz could significantly extend the energy normalization timeline.

Danske Research Team underlines that Japan’s March national Consumer Price Index (CPI) is unlikely to show a surge, contrasting with global inflation trends, with consensus at 1.8% for CPI excluding fresh food.

OCBC strategists Sim Moh Siong and Christopher Wong highlights that stronger United States (US) equities and higher Oil prices are creating an unusual risk mix that is keeping US Dollar (USD) weakness contained.