Streetbeat News

Forex Markets

FXA

The Reserve Bank of Australia (RBA) maintained its key interest rate at 4.1% and expressed uncertainty about inflation reaching its 2-3% target range. Potential US tariffs on China could significantly impact the Australian Dollar, given Australia's economic dependence on Chinese trade.

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April 01, 2025 | 11:45 am

AUDUSD

UOB Group's FX analysts suggest the Australian Dollar (AUD) may retest the 0.6220 level, with increasing momentum indicating a potential decline. However, they caution against expecting a drop below 0.6185 at this stage.

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April 01, 2025 | 11:15 am

USDCNH

The USD/CNH currency pair is showing strength due to heightened trade-related uncertainties. The Caixin manufacturing PMI unexpectedly improved to 51.2 in March, but analysts caution that the growth outlook remains unimpressive due to underlying economic challenges such as low household income, high precautionary savings, and significant household debt.

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April 01, 2025 | 11:15 am

FXA

Societe Generale's FX analysts suggest the AUD/USD currency pair is at risk of continued downward movement. The pair has been consolidating after reaching 0.6080 in February and failed to break above 0.6410. If it cannot surpass last week's high of 0.6330, there's a potential for further decline, with key support levels at 0.6185/0.6165 and 0.6080.

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April 01, 2025 | 11:15 am

CNH

UOB Group's FX analysts suggest the USD/CNH currency pair is experiencing slowing upward momentum. The pair is expected to trade within a 7.2550/7.2750 range in the short term. A breach below 7.2500 would indicate a transition to range trading, signaling potential market stabilization.

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April 01, 2025 | 11:15 am

JPYUSD

UOB Group's FX analysts Quek Ser Leang and Peter Chia predict the USD/JPY currency pair will consolidate in a range between 148.40 and 151.00. After recent volatility, the analysts suggest the pair is more likely to trade between 149.00 and 150.50 in the short term, indicating a period of stability.

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April 01, 2025 | 11:15 am

FXB

UOB Group's FX analysts suggest the New Zealand Dollar (NZD) is experiencing an oversold decline that has not yet stabilized. They predict further potential drops in the currency's value, though a sustained break below 0.5640 is considered unlikely. The long-term outlook indicates continued downward momentum.

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April 01, 2025 | 11:15 am

FXE

The EUR/USD currency pair saw a modest uptick during European trading hours following the release of preliminary Eurozone economic indicators. The Harmonized Index of Consumer Prices (HICP) for March and the Unemployment Rate for February were key drivers of the currency movement, with the pair edging higher to around 1.0820.

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April 01, 2025 | 11:15 am

XAGUSD

Silver prices are trading at $34.06 per troy ounce, showing minimal change from Monday's price. The precious metal has seen significant year-to-date appreciation of 17.89%. The Gold/Silver ratio increased slightly to 91.95, indicating relative valuation dynamics between gold and silver.

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April 01, 2025 | 11:15 am

XRPU

Bitcoin recovered from a weekend dip, rising back above $84,000 after touching support levels around $81,200. The cryptocurrency market saw significant gains, with the total market cap increasing by $70 billion in 24 hours. Altcoins like ETH, XRP, DOGE, and ADA led the recovery, with some smaller caps experiencing double-digit percentage gains.

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April 01, 2025 | 9:45 am