Funk

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

The only macroeconomic information that we have received so far reflecting the chaos and disorder that followed "Liberation Day" are sentiment surveys. Thus far, all of these indicators paint a uniformly bleak picture. Consumers and manufacturers fear higher prices from the tariffs and the latter, i

USD/CAD falls back and turns flat as the recovery move in the US Dollar has shortened.US Trump has expressed confidence that trade talks with Mexico and Japan went smoothly.The BoC has warned that a long-lasting global trade war could push the economy into a deep recession. The USD/CAD pair surrende

The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022. US/Canada spreads have compressed somewhat amid all the volatility in markets but the weak USD tone is the prim

The US government has once again backtracked and rescinded the counter-tariffs it only introduced the day before yesterday. What remains now is a 10% tariff on all imports from all countries, with the exception of Canada and Mexico (USMCA-compliant imports remain duty-free), and the automotive and s

Gold price gains momentum to a record high around $3,190 in Friday’s early Asian session. An escalation of the US-China trade underpins the Gold price. Pared-back Fed rate cut bets might help limit the XAU/USD’s losses. The Gold price (XAU/USD) surges to near an all-time high around $3,190 during th

European Central Bank (ECB) policymaker Yannis Stournaras warned on Tuesday, “monetary policy is to be less restrictive in 2025.” “But it is possible that inflation rise might delay normalisation of monetary policy,” he added. Market reaction EUR/USD was last seen trading at 1.0926, up 0.15% on the

No surprise here — Asian equities are diving headfirst into the plunge tank, tracking Wall Street’s carnage but not quite tick for tick. Offloading high-beta, high-export exposures across the region isn’t just a reactive move — it’s a live, high-conviction trade. This isn’t some one-day wobble — it’

The Australian dollar has posted strong gains for a second straight day. In the European session, AUD/USD is trading at 0.6306, up 0.47% on the day. RBA holds rates but hints at further cuts if trade tensions worsen The Reserve Bank of Australia maintained the cash rate at 4.10% on Tuesday, in a mov

AUD/USD flat lines around 0.6275 in Wednesday’s early Asian session. Trump is set on Wednesday to unveil reciprocal tariffs. The RBA decided to keep the OCR on hold at 4.10% at its April meeting on Tuesday. The AUD/USD pair trades on a flat note near 0.6275 during the early Asian session on Wednesda

Ongoing uncertainties exert pressure on the Pound. Inflation remains above BoE's 2% target. GBP/USD rises 3.5% YTD. In the first quarter of 2025, the British Pound experienced significant fluctuations against the dollar. GBPUSD began the year at approximately 1.2500, dipped to a low of 1.2100 on Jan