Washington Pushes China for Increased U.S. Soybean and Boeing Jet Purchases and Rare-Earth Export Relaxation
The U.S. government is urging China to boost its purchases of American soybeans and Boeing aircraft while also calling for the easing of Beijing's restrictions on rare-earth exports. This move aims to improve trade relations and address supply chain concerns between the two countries.
U.S. Treasury Secretary Bessent to Address Energy Issues with China Ahead of Trump-Xi Meeting
U.S. Treasury Secretary Bessent is expected to discuss energy-related concerns with China, including urging Beijing to reduce its purchases of Iranian oil, ahead of the upcoming meeting between President Trump and President Xi Jinping. The talks aim to address key trade and energy challenges between the two nations.
Saudi Arabia Sets Arab Light Crude Oil Price at $4.60 Above ASCI for April
Saudi Aramco announced that the Arab Light crude oil price for April will be set at $4.60 per barrel above the Average Saudi Crude Index (ASCI). This pricing decision influences regional oil markets and global energy trading.
Saudi Arabia Sets April Arab Light Crude OSP for Asia at Premium to Oman/Dubai Benchmark
Saudi Arabia has announced the Official Selling Price (OSP) for Arab Light crude oil in April, setting it at a $2.50 per barrel premium over the Oman/Dubai benchmark for the Asian market. This pricing decision reflects Saudi Arabia's market strategy and could influence regional crude oil trade flows.
Gold's 4 Four Week Streak of Gains at Risk as XAU/USD Tries to Hold $5k
The weekly chart is currently showing as a bearish engulf in gold and this stands in stark contrast to how the week had started, with an initial rally on the back of geopolitical tensions that saw the metal press up to the $5400 level, albeit temporarily. That level is where the music stopped on the long side as prices then began a pullback that eventually drove back to a clean re-test of the $5k psychological level on Tuesday morning which, so far, has held the lows for the week.
USD/CHF edges higher as SNB intervention rhetoric caps Franc gains
USD/CHF edges higher as SNB intervention rhetoric caps Franc gains
Fed's Bowman Sees Stabilizing Labor Market but War Impact on U.S. Economy Unclear
Federal Reserve official Bowman stated it is too early to determine the effects of the war on the U.S. economy. He also noted signs of a stabilizing labor market and expressed optimism for stronger hiring and economic growth in 2026.
Five Counterparties Take $2.793B in Fed Reverse Repo Operation
The Federal Reserve conducted a reverse repurchase agreement operation with five counterparties absorbing $2.793 billion. This reflects ongoing liquidity management efforts by the Fed.
EUR/USD: NFP looms as 1.1578 support faces critical test
EUR/USD faces a critical test at 1.1578 support, driven lower by geopolitical tensions (Middle East, Iran leadership succession) and a cautious ECB, contrasting with a strong US economy. The imminent NFP report is set to determine the pair's next major move toward 1.1500 or a rally above 1.1670.
NZD/USD Price Forecast: Sinks towards the 200-day SMA, eyes on 0.5800
NZD/USD Price Forecast: Sinks towards the 200-day SMA, eyes on 0.5800