{"id":349,"date":"2023-05-31T15:30:47","date_gmt":"2023-05-31T15:30:47","guid":{"rendered":"\/?page_id=349"},"modified":"2024-11-20T14:02:20","modified_gmt":"2024-11-20T06:02:20","slug":"forex-news","status":"publish","type":"page","link":"https:\/\/www.sec.rakuten.com.hk\/en\/insight\/forex-news","title":{"rendered":"Forex News"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"349\" class=\"elementor elementor-349\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-79d86a79 e-flex e-con-boxed e-con\" data-id=\"79d86a79\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-33846201 page-banner__breadcrumbs elementor-widget elementor-widget-jet-breadcrumbs\" data-id=\"33846201\" data-element_type=\"widget\" data-widget_type=\"jet-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-jet-breadcrumbs jet-blocks\">\n\t\t<div class=\"jet-breadcrumbs\">\n\t\t<div class=\"jet-breadcrumbs__content\">\n\t\t<div class=\"jet-breadcrumbs__wrap\"><div class=\"jet-breadcrumbs__item\"><a href=\"https:\/\/www.sec.rakuten.com.hk\/en\" class=\"jet-breadcrumbs__item-link is-home\" rel=\"home\" title=\"HOME\">HOME<\/a><\/div>\n\t\t<\/div>\n\t\t<\/div>\n\t\t<\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76ca3d1e page-banner__title elementor-widget elementor-widget-heading\" data-id=\"76ca3d1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Forex News<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-36ddf7ac e-flex e-con-boxed e-con\" data-id=\"36ddf7ac\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aca915 elementor-widget elementor-widget-heading\" data-id=\"aca915\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-heading-title elementor-size-default\">News source: FXStreet<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71bc2f67 elementor-widget elementor-widget-shortcode\" data-id=\"71bc2f67\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\">\n\n\n<style>\n  .latest-news__item {\n    position: relative;\n    padding-bottom: 32px;\n    margin-bottom: 40px;\n    border-bottom: 1px solid #D6D6D6;\n  }\n\n  .latest-news__summary {\n    display: flex;\n    gap: 40px;\n  }\n\n  .latest-news__thumb {\n    width: 270px;\n  }\n\n  .latest-news__thumb img,\n  .latest-news__date-icon 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.latest-news__title {\n      display: -webkit-box;\n      -webkit-box-orient: vertical;\n      -webkit-line-clamp: 2;\n      overflow: hidden;\n    }\n\n    .latest-news__accordion-btn {\n      position: absolute;\n      top: calc(100% + 20px);\n\t  left: 50%;\n\t  transform: translateX(-50%);\n      font-size: 16px;\n      letter-spacing: 0.8px;\n\t  margin-top: 0;\n    }\n\n    .latest-news__accordion-btn.is-active {\n      margin-top: 0;\n    }\n\n    .latest-news__accordion-btn::after {\n      width: 16px;\n      height: 16px;\n    }\n\n    .latest-news__item {\n      padding-bottom: 52px;\n      margin-bottom: 24px;\n    }\n\n    .latest-news__content {\n      font-size: 18px;\n\t  max-height: 400px;\n\t  margin-top: 56px;\n    }\n\n    .latest-news__content ul li {\n      padding-left: 22px;\n    }\n\n    .latest-news__content ul li::before {\n      width: 10px;\n      height: 10px;\n    }\n\n    .latest-news__content .fxs-content-module-header {\n      font-size: 18px;\n      padding-right: 72px;\n    }\n\n    .latest-news__content .fxs-content-module-content {\n      padding-right: 0\n    }\n  }\n<\/style>\n\n<section class=\"latest-news\">\n  <div class=\"latest-news__list\">\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/middle-east-war-01_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 17, 01:52 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Middle East: Conflict risks and GCC flows \u2013 Standard Chartered<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>Standard Chartered Bank economists Madhur Jha and Ethan Lester assess how the Middle East conflict could affect global remittances. They argue that Gulf Cooperation Council (GCC) economies are key sources of remittance inflows for countries such as Egypt, Pakistan, Philippines, Bangladesh and Sri Lanka. While the non-oil impact is seen as smaller than COVID-19, a prolonged conflict could trigger expat relocation and weaker remittance flows.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">GCC-driven remittance risks under conflict<\/h2><p>\"The ongoing energy price shock is the biggest risk to the global outlook, potentially tipping the global economy into recession if sustained. Our concerns are compounded by the physical disruption to oil and gas supply, which is already beginning to impact activity across many economies, especially in Asia. Disruption to the supply of other key products that pass through the Strait of Hormuz also threatens many downstream production activities.\"<\/p><p>\"In this note, we highlight some other broader ramifications that could become more evident over time if the conflict persists. The Middle East, especially GCC economies, hosts a large number of expats who drive significant personal remittances, bolstering balance of payments (BoP) positions for other economies. The Middle East has increasingly also become a destination, as well as a source, for international travel and tourism.\"<\/p><p>\"The impact of the ongoing conflict on remittances is not straightforward. During COVID-19, initial multilateral estimates assumed a sharp drop in remittances (a 20-40% drop) due to the sudden seizing up of activity. Surprisingly, however, remittances fell only by a small 2.4% y\/y in 2020 for several reasons.\"<\/p><p>\"The non-oil economic impact of this conflict is unlikely to be comparable to what we saw during COVID, given how extreme the pandemic impact was. So far, there is also limited evidence of any significant withdrawal of expats from the region. However, if the conflict persists, it raises the risk of a more significant relocation of expats out of the region, with remittances falling.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/gold-01_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 16, 20:40 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Gold holds range as US-Iran talks in focus, Oil-driven inflation caps gains<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>Gold holds within a multi-week range as traders await clarity on US-Iran talks.<\/strong><\/li><li value=\"2\"><strong>Oil-driven inflation risks support a steady Fed outlook, limiting Gold upside.<\/strong><\/li><li value=\"3\"><strong>Technically, XAU\/USD remains range-bound between 50-day and 100-day SMAs.<\/strong><\/li><\/ul><p>Gold (XAU\/USD) everses earlier gains on Thursday, though it remains confined within a multi-week range as traders refrain from placing strong directional bets while awaiting clearer signals on US-Iran peace talks. XAU\/USD is trading around $4,790 at the time of writing, after reaching an intraday high of $4,838, with a modest recovery in the US Dollar (USD) acting as a headwind.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Optimism builds around US-Iran talks<\/h2><p>Markets remain cautiously optimistic that a deal could be reached to end the US-Iran war after US President Donald Trump indicated that negotiations could resume this week after last weekend\u2019s talks in Islamabad failed to produce a breakthrough.<\/p><p>However, Gulf and European officials see a US-Iran deal taking up to six months to finalize, according to a Bloomberg report. They are also urging an extension of the current ceasefire over that period and calling for the immediate reopening of the Strait of Hormuz to restore energy flows, warning that prolonged disruption could risk triggering a global food crisis.<\/p><p>Separately, Iran is moving to formalize its control over the Strait of Hormuz, with state media reporting that any planned transit tolls would be paid via Iranian banks, underscoring the country\u2019s push to tighten its grip on a key global Oil chokepoint.<\/p><p>Meanwhile, diplomatic efforts led by Pakistan continue. A senior Iranian official said on Thursday that \u201cthe visit by Pakistan\u2019s army chief has helped narrow differences in some areas,\u201d adding that \u201cthere are now greater hopes for a ceasefire extension and a second round of talks.\u201d Although \u201cfundamental disagreements over nuclear issues persist.\u201d<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Gold outlook tied to US-Iran developments and Oil prices<\/h2><p>While diplomacy has improved risk sentiment, the situation remains far from resolved. A possible US-Iran deal remains a key variable for Gold, which is currently trading around 10% below its peak since the war began, as Oil-driven inflation risks fueled expectations that central banks, particularly the Federal Reserve (Fed), may need to raise interest rates.<\/p><p>Although Crude prices have eased from recent highs, reviving some Fed rate-cut bets, they remain elevated as supply through the Strait of Hormuz continues to face significant disruption amid a dual blockade by US forces and Iran. This keeps inflation concerns in focus, reinforcing expectations that the Fed will likely keep interest rates unchanged in the near term.<\/p><p>If tensions ease further and Oil prices decline, it could help reduce inflation pressure and lessen the burden on central banks, which might in turn support Gold.<\/p><p>St. Louis Fed President Alberto Musalem said that \u201csupply shocks are placing the Fed\u2019s inflation and employment targets at risk,\u201d adding that \u201cthe current rate range is likely appropriate for some time.\u201d He further noted that \u201cthe Oil shock is probably feeding into core inflation, which could remain near 3% through the end of the year.\u201d<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Technical analysis: XAU\/USD consolidates below 50-day SMA<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-screenshot%20-%202026-04-16T195744-1776349681498-1776349681500.587.png\" alt=\"\" loading=\"lazy\" width=\"1632\" height=\"783\"><p>From a technical perspective, the daily chart shows that the metal remains under pressure below the 50-day Simple Moving Average (SMA), currently near $4,897, which acts as immediate overhead resistance. Meanwhile, the 100-day SMA near $4,708 provides immediate support, keeping price action range-bound.<\/p><p>The 14-period Relative Strength Index (RSI) around 51 has recovered toward neutral territory, while the Average Directional Index (ADX) near 24 suggests a modest but not particularly strong underlying trend as price consolidates below its primary short-term average.<\/p><p>On the downside, a sustained break below the 100-day SMA would signal a breakdown of the recent range and increase bearish pressure. Conversely, a daily close back above the 50-day SMA would be needed to ease immediate downside pressure and signal that bulls are regaining control.<\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-inflation-732\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"inflation\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Inflation FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-732accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-732accordion0\">\n                            <span>What is inflation?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-732accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-732accordion1\">\n                            <span>What is the Consumer Price Index (CPI)?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-732accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-732accordion2\">\n                            <span>What is the impact of inflation on foreign exchange?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank will normally raise interest rates to combat the higher inflation, which attract more global capital inflows from investors looking for a lucrative place to park their money. <\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-inflation-732accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-inflation-732accordion3\">\n                            <span>How does inflation influence the price of Gold?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Formerly, Gold was the asset investors turned to in times of high inflation because it preserved its value, and whilst investors will often still buy Gold for its safe-haven properties in times of extreme market turmoil, this is not the case most of the time. This is because when inflation is high, central banks will put up interest rates to combat it.\nHigher interest rates are negative for Gold because they increase the opportunity-cost of holding Gold vis-a-vis an interest-bearing asset or placing the money in a cash deposit account. On the flipside, lower inflation tends to be positive for Gold as it brings interest rates down, making the bright metal a more viable investment alternative.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/german-bank-02_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 17, 01:05 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Germany: Recovery risks from energy shock \u2013 Deutsche Bank<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <p>Deutsche Bank economists Marc Schattenberg and colleagues discuss how higher Oil and gas prices linked to the Middle East conflict are weighing on the German economy. They keep their 2026 GDP forecast at 1.0% thanks to expansionary fiscal policy and Q1 momentum, but warn that private consumption, inflation and quarterly GDP in 2026\u20132027 are vulnerable to prolonged energy disruption.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Fiscal shield versus energy headwinds<\/h2><p>\"Against this backdrop and the hard data observed previously, we already lowered our 2026 GDP forecast to 1.0% in early March, while also highlighting that tailwinds from the expansionary fiscal policy should prevent the expected recovery from derailing.\"<\/p><p>\"Together with the tailwinds of the still effective expansive fiscal policy, we are sticking to our quarterly GDP profile in the baseline oil and gas scenario.\"<\/p><p>\"Primarily through the channels of purchasing power loss and perceived uncertainty, we anticipate that the weakening of private consumption will dampen the Q2 growth rate from a previously expected 0.2% q\/q to near stagnation.\"<\/p><p>\"Such an intensification of the shock would then have the potential to reduce the growth rate of the German economy in 2026 to roughly 0.5% and to 1.0% in 2027.\"<\/p><p>\"If such an adverse scenario materializes, we would not be surprised to see the consumer price inflation rate at annual averages of well above 3.0% in both 2026 and 2027.\"<\/p><p><em>(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Equity-Index_DJI-2_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 17, 00:38 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">Dow Jones Industrial Average adds 90 points as Iran ceasefire hopes lift stocks<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>S&amp;P 500 and Nasdaq Composite notch fresh records on Iran deal optimism.<\/strong><\/li><li value=\"2\"><strong>Israel and Lebanon agree to a 10-day ceasefire, a key precondition for US-Iran talks.<\/strong><\/li><li value=\"3\"><strong>Initial jobless claims fall 11K to 207K, the biggest weekly decline since February.<\/strong><\/li><li value=\"4\"><strong>TSMC posts record Q1 profit, reinforcing the AI capex trade.<\/strong><\/li><\/ul><p>The Dow Jones Industrial Average (DJIA) added about 90 points, or 0.20%, to climb above 48,500 on Thursday, as Wall Street extended its weekly rally on growing confidence that the US-Iran war is moving toward resolution. The S&amp;P 500 rose 0.30% to notch another record high above 7,000, while the tech-heavy Nasdaq Composite gained 0.40% to set a fresh all-time peak. The DJIA traded in a wide intraday range, dipping to a session low near 48,275 before recovering into the close. For the week, the S&amp;P 500 has climbed more than 3% and the Nasdaq more than 5%, while the Dow has advanced more than 1%.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Ceasefire developments drive the bid, but cracks are showing<\/h2><p>Stocks got their latest leg higher after President Donald Trump confirmed he spoke with Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu, announcing a 10-day ceasefire set to begin at 21:00 GMT. The pause in Israeli operations in Lebanon has been flagged by the speaker of Iran's parliament as a key condition for formal US-Iran negotiations, and a second round of talks is reportedly under discussion. However, Israeli officials are reportedly irate after Trump made the announcement mid-call, before Netanyahu's security cabinet had voted on the proposal. One senior Israeli official told Axios that \"Trump pushed this ceasefire through,\" and Israel has maintained that its forces will remain in the self-declared \"security zone\" south of the Litani River. Implementation risk is real, and any breakdown at or shortly after the 21:00 GMT start would likely take the wind out of the risk-on trade into Friday's session.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Jobless claims surprise to the downside<\/h2><p>Initial jobless claims fell by 11K to 207K in the week ended April 11, the largest weekly drop since February, according to the Bureau of Labor Statistics (BLS). The prior week was revised down by 1K to 218K. Continuing claims rose by 31K to 1.818 million in the week ended April 4. The data points to continued labor market resilience, with layoffs staying historically contained despite the economic drag from the conflict. The print reinforces the view that the Federal Reserve (Fed) has room to stay patient on rates as it assesses the war's impact on growth, with economists at Sage Advisory flagging the risk of a couple of sub-2% GDP quarters ahead.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Earnings rotation hits Dow components<\/h2><p>Corporate results drove sharp single-stock moves under the index surface. Abbott Laboratories (ABT) slid roughly 4% after cutting its annual profit guidance, citing the drag from its $23 billion acquisition. Charles Schwab (SCHW) dropped nearly 4% despite posting a record Q1 profit, with guidance and the details failing to clear a high bar. On the upside, PepsiCo (PEP) rose 0.3% after beating on earnings and revenue, while Bank of New York Mellon (BK) gained 1.3% on a solid set of results. The dispersion kept the Dow's gain modest relative to the S&amp;P 500 and Nasdaq, where tech-related names continued to pull harder.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">AI trade gets another green light from TSMC<\/h2><p>Taiwan Semiconductor Manufacturing Company (TSMC) reported a record Q1 net profit of T$572.5 billion, up 58% YoY and comfortably ahead of consensus, with revenue climbing 35% YoY. Management also guided 2026 capex toward the upper end of its previously announced $52 billion to $56 billion range. The print validated the AI infrastructure spending thesis underpinning the Nasdaq's 11-session win streak into midweek and supported megacap tech into Thursday's close. Netflix (NFLX) reports after the bell, the next test for the high-multiple growth cohort.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">DJIA futures and Friday setup<\/h2><p>DJIA futures were little changed in after-hours trade, trading near 48,760 and pointing to a flat open. S&amp;P 500 and Nasdaq 100 futures were similarly quiet, each up around 0.1%. With no top-tier US data on the Friday calendar, the overnight tone will hinge on reaction to Netflix earnings and any further headlines out of the Middle East. A confirmed second round of US-Iran talks would likely keep the risk-on bid in place, while holes in the Israel-Lebanon ceasefire, given Israel's reluctance to pull forces back from southern Lebanon, are the near-term risk to watch.<\/p><hr class=\"fxs_divider_first\"><h2 class=\"fxs_headline_from_medium_to_large\">Dow Jones 15-minute chart<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/image-1776357422233-1776357422234.png\" alt=\"\" loading=\"lazy\" width=\"1026\" height=\"821\"><p><br><\/p><div class=\"post-module\"><div id=\"content-module-faq-Stocks-dow-jones-16\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"dow-jones\" data-config-category=\"Stocks\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Dow Jones FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Stocks-dow-jones-16accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Stocks-dow-jones-16accordion0\">\n                            <span>What is the Dow Jones?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It is calculated by summing the prices of the constituent stocks and dividing them by a factor, currently 0.152. The index was founded by Charles Dow, who also founded the Wall Street Journal. In later years it has been criticized for not being broadly representative enough because it only tracks 30 conglomerates, unlike broader indices such as the S&amp;P 500.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Stocks-dow-jones-16accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Stocks-dow-jones-16accordion1\">\n                            <span>What factors impact the Dow Jones Industrial Average?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Many different factors drive the Dow Jones Industrial Average (DJIA). The aggregate performance of the component companies revealed in quarterly company earnings reports is the main one. US and global macroeconomic data also contributes as it impacts on investor sentiment. The level of interest rates, set by the Federal Reserve (Fed), also influences the DJIA as it affects the cost of credit, on which many corporations are heavily reliant. Therefore, inflation can be a major driver as well as other metrics which impact the Fed decisions.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Stocks-dow-jones-16accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Stocks-dow-jones-16accordion2\">\n                            <span>What is Dow Theory?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Dow Theory is a method for identifying the primary trend of the stock market developed by Charles Dow. A key step is to compare the direction of the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) and only follow trends where both are moving in the same direction. Volume is a confirmatory criteria. The theory uses elements of peak and trough analysis. Dow\u2019s theory posits three trend phases: accumulation, when smart money starts buying or selling; public participation, when the wider public joins in; and distribution, when the smart money exits.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Stocks-dow-jones-16accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Stocks-dow-jones-16accordion3\">\n                            <span>How can I trade the DJIA?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">There are a number of ways to trade the DJIA. One is to use ETFs which allow investors to trade the DJIA as a single security, rather than having to buy shares in all 30 constituent companies. A leading example is the SPDR Dow Jones Industrial Average ETF (DIA). DJIA futures contracts enable traders to speculate on the future value of the index and Options provide the right, but not the obligation, to buy or sell the index at a predetermined price in the future. Mutual funds enable investors to buy a share of a diversified portfolio of DJIA stocks thus providing exposure to the overall index.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/GBPUSD-bearish-line_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 17, 00:24 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">GBP\/USD slips as strong US jobs data offsets upbeat risk mood<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<ul><li value=\"1\"><strong>Lower US jobless claims reinforced the Dollar and capped Sterling gains.<\/strong><\/li><li value=\"2\"><strong>UK GDP beat forecasts, but failed to outweigh stronger US data.<\/strong><\/li><li value=\"3\"><strong>Ceasefire optimism helped risk sentiment, though fundamentals still pressured Sterling.<\/strong><\/li><\/ul><p>The GBP\/USD pair drops by 0.17% on Thursday as US jobs data outshone the UK Gross Domestic Product (GDP) report released during the European session. Meanwhile, expectations for a peace deal between the US and Iran keep the market mood upbeat. At the time of writing, the pair trades at 1.3534 after reaching a two-month high of 1.3594 earlier in the day.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">Sterling eases despite solid UK GDP and fresh ceasefire hopes<\/h2><p>Initial Jobless Claims in the US dipped from 218K to 207K in the week ending April 11, below forecasts for a 215K print. Although the print is good, the latest employment report and JOLTS data hint that the economy is in a low-hiring, low-firing mode. The Federal Reserve (Fed) reported that Industrial Production is slowing down, with the print dropping from 0.7% to -0.5% MoM in March. Motor vehicles, parts, and utilities fell the most, indicating that the economy is decelerating.<\/p><p>Speeches by Federal Reserve officials confirm the central bank\u2019s policy stance. NY Fed John Williams said that Iran\u2019s war is driving up prices and expects a jump in headline inflation. Regarding the police stance, he said it\u2019s well-positioned.<\/p><p>Echoing some of his comments but remaining uber-dovish, Governor Stephen Miran, who said that he expects three cuts instead of four, given \"less favorable\" inflation developments.<\/p><p>In the UK, the economy rose by 0.5% MoM in February, according to the Office for National Statistics (ONS), above estimates of a 0.1% expansion.<\/p><p>Fundamentally speaking, there is no reason for Sterling\u2019s strength. The fact that the UK is a net importer of energy weighed on the Pound, which fell 1.9% in March amid the eruption of the Middle East conflict, including the closure of the Strait of Hormuz. However, hopes for a peace deal triggered a U-turn in GBP\/USD, which reclaimed the 1.3500 mark.<\/p><p>Another reason for the recent GBP\/USD strength is that expectations that the Bank of England (BoE) would hike rates twice in 2026 are rising,<\/p><p>Back to geopolitics, US President Donald Trump announced that Israel and Lebanon had agreed to a 10-day ceasefire, beginning on Thursday at 5:00 PM EDT. Continuing with the conflict in the Middle East, a Pakistani mediator was in Tehran, while the White House is optimistic about reaching a deal to reopen the Strait of Hormuz.<\/p><h2 class=\"fxs_headline_from_medium_to_large\">GBP\/USD Price Forecast: Technical outlook<\/h2><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1776356527861\" alt=\"Chart Analysis GBP\/USD\" loading=\"lazy\"><p><br><\/p><h3 class=\"fxs_headline_medium\">Technical Analysis:<\/h3><p>In the daily chart, GBP\/USD trades at 1.3539. The pair holds above the cluster of simple moving averages (50-, 100- and 200-day SMA) gathered around 1.3427, keeping the near-term bias constructive while it rides an upward support trend line traced from 1.3035 and last validated near 1.3492. The fact that recent closes previously capped by the descending resistance trend line are now trading well above its last reaction point around 1.3436 suggests that prior overhead supply has turned into a broader demand zone beneath spot.<\/p><p>On the downside, initial support is seen at the recent trend-line-related area around 1.3490\u20131.3492, where the rising dynamic floor converges with prior reaction lows. A deeper pullback would expose the dense support band defined by the 50-, 100- and 200-day SMAs clustered near 1.3427, which is likely to attract dip-buying interest while price holds above it; only a sustained break below this moving-average base would hint at a more pronounced corrective phase.<\/p><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p><p><em>(This story was corrected on April 16 at 16:49 to say that the previous Initial Jobless Claims print was 218K, not 219K.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-GBP-874\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"GBP\" data-config-asset=\"GBP\" data-config-criteria=\"Strongest\" data-config-period=\"ThisWeek\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.16727:1.17835,1.339125:1.353895,1.14717:1.148975,0.006268:0.006286,0.005366:0.005334,0.004675:0.004643,0.721285:0.729775,0.61796:0.619335,0.538685:0.5389,115.113:116.1065,0.69922:0.71707,0.599355:0.60856,0.522465:0.52965,111.6625:114.071,0.970865:0.982455,0.57987:0.589595,0.4968:0.500385,0.433065:0.435485,92.613:93.7935,0.80454:0.807825,0.82921:0.822215,1.264902:1.276681,1.083678:1.083455,0.94464:0.94297,201.7935:203.0905,1.753615:1.74939,1.806931:1.780389,2.18129:2.165315\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">Pound Sterling Price This week<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of British Pound (GBP) against listed major currencies this week. British Pound was the strongest against the US Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"strong-red\">-0.94%<\/td>\n                        <td class=\"strong-red\">-1.09%<\/td>\n                        <td class=\"light-red\">-0.29%<\/td>\n                        <td class=\"strong-red\">-1.16%<\/td>\n                        <td class=\"strong-red\">-2.49%<\/td>\n                        <td class=\"strong-red\">-1.65%<\/td>\n                        <td class=\"strong-red\">-0.92%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"dark-green\">0.94%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.16%<\/td>\n                        <td class=\"light-green\">0.60%<\/td>\n                        <td class=\"light-red\">-0.22%<\/td>\n                        <td class=\"strong-red\">-1.51%<\/td>\n                        <td class=\"light-red\">-0.72%<\/td>\n                        <td class=\"light-green\">0.02%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"dark-green\">1.09%<\/td>\n                        <td class=\"light-green\">0.16%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.69%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"strong-red\">-1.36%<\/td>\n                        <td class=\"light-red\">-0.56%<\/td>\n                        <td class=\"light-green\">0.18%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-green\">0.29%<\/td>\n                        <td class=\"light-red\">-0.60%<\/td>\n                        <td class=\"light-red\">-0.69%<\/td>\n                        <td><\/td>\n                        <td class=\"strong-red\">-0.86%<\/td>\n                        <td class=\"strong-red\">-2.11%<\/td>\n                        <td class=\"strong-red\">-1.26%<\/td>\n                        <td class=\"light-red\">-0.64%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"dark-green\">1.16%<\/td>\n                        <td class=\"light-green\">0.22%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n                        <td class=\"dark-green\">0.86%<\/td>\n                        <td><\/td>\n                        <td class=\"strong-red\">-1.18%<\/td>\n                        <td class=\"light-red\">-0.41%<\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"dark-green\">2.49%<\/td>\n                        <td class=\"dark-green\">1.51%<\/td>\n                        <td class=\"dark-green\">1.36%<\/td>\n                        <td class=\"dark-green\">2.11%<\/td>\n                        <td class=\"dark-green\">1.18%<\/td>\n                        <td><\/td>\n                        <td class=\"dark-green\">0.85%<\/td>\n                        <td class=\"dark-green\">1.49%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"dark-green\">1.65%<\/td>\n                        <td class=\"light-green\">0.72%<\/td>\n                        <td class=\"light-green\">0.56%<\/td>\n                        <td class=\"dark-green\">1.26%<\/td>\n                        <td class=\"light-green\">0.41%<\/td>\n                        <td class=\"strong-red\">-0.85%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.74%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"dark-green\">0.92%<\/td>\n                        <td class=\"light-red\">-0.02%<\/td>\n                        <td class=\"light-red\">-0.18%<\/td>\n                        <td class=\"light-green\">0.64%<\/td>\n                        <td class=\"light-red\">-0.24%<\/td>\n                        <td class=\"strong-red\">-1.49%<\/td>\n                        <td class=\"light-red\">-0.74%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent GBP (base)\/USD (quote).<\/p>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Commodities_Oil-2_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 17, 00:15 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">WTI Oil rebounds as Strait of Hormuz disruptions temper US-Iran peace optimism<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>WTI US Oil rebounds after two consecutive days of decline, rising 2.50% on Thursday.<\/strong><\/li><li value=\"2\"><strong>Persistent disruptions in the Strait of Hormuz limit the downside in Oil prices despite hopes for a deal between Washington and Tehran.<\/strong><\/li><li value=\"3\"><strong>Markets are watching for a potential resumption of peace talks between the US and Iran in the coming days.<\/strong><\/li><\/ul><p>West Texas Intermediate (WTI) US Oil rebounds on Thursday, gaining 2.50% to trade near $90.45 at the time of writing, after two consecutive days of decline. The US Crude Oil benchmark is benefiting from a geopolitical backdrop that remains highly tense in the Middle East, even as some signs of diplomatic easing begin to emerge.<\/p><p>Crude prices had eased in recent days following reports suggesting that Washington and Tehran could reach an agreement to end the conflict and reopen the Strait of Hormuz, one of the world\u2019s most strategic maritime routes for global energy trade. However, uncertainty remains elevated, as shipping activity in the area continues to face significant disruption due to a dual blockade imposed by US forces and Iran.<\/p><p>At the same time, Iran appears to be seeking greater control over this strategic passage. State media reported that any transit tolls imposed on vessels crossing the Strait would be processed through Iranian banks, highlighting Tehran\u2019s efforts to assert authority over this critical energy chokepoint.<\/p><p>On the diplomatic front, markets are now watching the possibility of renewed negotiations between the United States (US) and Iran. US President Donald Trump indicated that talks could resume as early as this week after discussions held last weekend in Islamabad failed to produce a breakthrough.<\/p><p>Meanwhile, Donald Trump also announced a 10-day ceasefire between Lebanon and Israel, set to begin at 5:00 pm Eastern Time. The announcement supports hopes for a regional de-escalation, although tensions remain high and continue to underpin the geopolitical risk premium embedded in Oil prices.<\/p><p>Against this backdrop, energy traders remain highly attentive to developments surrounding the maritime blockade and any diplomatic progress, as both factors could significantly influence the balance between supply and demand in the global Oil market.<\/p><p><em>(This story was corrected on April 16 to say that WTI rebounds after two consecutive days of decline, not three days.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-faq-Commodities-wti-131\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"wti\" data-config-category=\"Commodities\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">WTI Oil FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-131accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-131accordion0\">\n                            <span>What is WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as \u201clight\u201d and \u201csweet\u201d because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered \u201cThe Pipeline Crossroads of the World\u201d. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-131accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-131accordion1\">\n                            <span>What factors drive the price of WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-131accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-131accordion2\">\n                            <span>How does inventory data impact the price of WTI Oil<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API\u2019s report is published every Tuesday and EIA\u2019s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Commodities-wti-131accordion3\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Commodities-wti-131accordion3\">\n                            <span>How does OPEC influence the price of WTI Oil?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/USDCAD-bearish-animal_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 16, 23:54 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">USD\/CAD declines as Hormuz disruptions keep Oil elevated, US-Iran talks in focus<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-faq-module-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left;font-family:Roboto,sans-serif}.fxs-faq-module-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-faq-module-container{padding:16px;width:100%;box-sizing:border-box;display:flex;flex-direction:column;gap:12px}.fxs-faq-module-section{padding-bottom:16px;border-bottom:1px solid #ececf1;margin-bottom:0}.fxs-faq-module-section:last-child{border:none;margin-bottom:0}.fxs-faq-module-container input[type=checkbox]{display:none}.fxs-faq-module-header{padding:4px 0;background-color:#fff;border:none;position:relative;cursor:pointer;margin:0}.fxs-faq-module-header label{display:block;cursor:pointer}.fxs-faq-module-header label span{display:block;width:calc(100% - 50px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{content:\"\";position:absolute;top:50%;right:16px;width:8px;height:2px;background-color:#49494f;transition:all .2s ease-in-out;transition-delay:0}.fxs-faq-module-header label:after{transform:rotate(45deg) translateX(-4px)}.fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(4px)}.fxs-faq-module-header label:after,.fxs-faq-module-header label:before{transition:transform .3s ease-in-out}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:after{transform:rotate(45deg) translateX(4px)}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-header label:before{transform:rotate(-45deg) translateX(-4px)}.fxs-faq-module-content{max-height:0;overflow:hidden;transition:all .3s ease-in-out;color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:0}input[type=checkbox]:checked+.fxs-faq-module-section .fxs-faq-module-content{max-height:1000px;margin-top:8px}@media (min-width:680px){.fxs-faq-module-title{font-size:19.2px;line-height:27.2px}.fxs-faq-module-header{font-size:19.2px;line-height:25.92px}.fxs-faq-module-content{font-size:16px;line-height:21.6px}}<\/style>\n<ul><li value=\"1\"><strong>USD\/CAD falls for a fourth straight day as elevated Oil prices support CAD.<\/strong><\/li><li value=\"2\"><strong>US Dollar Index rebounds modestly but remains near six-week lows.<\/strong><\/li><li value=\"3\"><strong>Traders await clearer signals on US-Iran talks as diplomatic efforts continue.<\/strong><\/li><\/ul><p>USD\/CAD trades with a negative bias on Thursday, extending losses for a fourth straight day as elevated Oil prices support the commodity-linked Canadian Dollar (CAD), even as the US Dollar (USD) strengthens against most of its peers.<\/p><p>At the time of writing, USD\/CAD is trading around 1.3708, its lowest level since March 23. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback's value against a basket of six major currencies, is trading near 98.20, snapping an eight-day losing streak. However, it remains close to six-week lows reached earlier this week.<\/p><p>Although crude prices have eased from recent highs on hopes that the US and Iran could reach a deal to end the war and reopen the Strait of Hormuz, uncertainty remains elevated. Supply through the Strait continues to face significant disruption amid a dual blockade by US forces and Iran, limiting a deeper pullback in Oil prices.<\/p><p>Iran is also tightening its grip on the Strait of Hormuz, with state media reporting that any planned transit tolls would be processed via Iranian banks, underscoring efforts to assert control over one of the world\u2019s most critical energy chokepoints.<\/p><p>As a result, West Texas Intermediate (WTI) Crude Oil is rebounding after a two-day decline, trading around $90.50 at the time of writing. The Canadian Dollar remains sensitive to Oil price movements, given Canada\u2019s status as a major crude exporter.<\/p><p>Looking ahead, traders await clearer confirmation of a second round of US-Iran peace talks after US President Donald Trump indicated that negotiations could resume this week, following last weekend\u2019s talks in Islamabad that failed to produce a breakthrough.<\/p><p>Higher energy costs keep inflation concerns in focus globally. While Canada\u2019s inflation remains below the Bank of Canada\u2019s 2% target, policymakers are likely to adopt a wait-and-see approach as energy-driven inflation risks tilt to the upside.<\/p><p>In contrast, US inflation remains above the Federal Reserve\u2019s 2% target, with March CPI rising to 3.3% YoY from 2.4%, tempering expectations for Fed easing and reinforcing the view that interest rates will remain unchanged in the near term.<\/p><p>On the data front, Initial&nbsp;Jobless Claims&nbsp;fell to 207K, below forecasts of 215K, while Industrial Production dropped 0.5% MoM in March, missing expectations of a 0.1% rise and reversing the prior 0.7% increase.<\/p><p><em>(This story was corrected on April 16 at 17:55 GMT to say that WTI rebounds after two consecutive days of decline, not three days.)<\/em><\/p><div class=\"post-module\"><div id=\"content-module-faq-Forex-boc-602\" data-type=\"faq\" data-module=\"faq\" data-config-topic=\"boc\" data-config-category=\"Forex\" data-version=\"v1\" data-content-module-translate=\"0\">\n    <div class=\"fxs-faq-module-wrapper\">\n        <h2 class=\"fxs-faq-module-title\">Bank of Canada FAQs<\/h2>\n        <div class=\"fxs-faq-module-container\">\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boc-602accordion0\" checked=\"checked\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boc-602accordion0\">\n                            <span>What is the Bank of Canada and how does it influence the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">The Bank of Canada (BoC), based in Ottawa, is the institution that sets interest rates and manages monetary policy for Canada. It does so at eight scheduled meetings a year and ad hoc emergency meetings that are held as required. The BoC primary mandate is to maintain price stability, which means keeping inflation at between 1-3%. Its main tool for achieving this is by raising or lowering interest rates. Relatively high interest rates will usually result in a stronger Canadian Dollar (CAD) and vice versa. Other tools used include quantitative easing and tightening.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boc-602accordion1\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boc-602accordion1\">\n                            <span>What is Quantitative Easing (QE) and how does it affect the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">In extreme situations, the Bank of Canada can enact a policy tool called Quantitative Easing. QE is the process by which the BoC prints Canadian Dollars for the purpose of buying assets \u2013 usually government or corporate bonds \u2013 from financial institutions. QE usually results in a weaker CAD. QE is a last resort when simply lowering interest rates is unlikely to achieve the objective of price stability. The Bank of Canada used the measure during the Great Financial Crisis of 2009-11 when credit froze after banks lost faith in each other\u2019s ability to repay debts.<\/p>\n                <\/section>\n                <input type=\"checkbox\" id=\"content-module-faq-Forex-boc-602accordion2\">\n                <section class=\"fxs-faq-module-section\">\n                    <h3 class=\"fxs-faq-module-header\">\n                        <label for=\"content-module-faq-Forex-boc-602accordion2\">\n                            <span>What is Quantitative tightening (QT) and how does it affect the Canadian Dollar?<\/span>\n                        <\/label>\n                    <\/h3>\n                    <p class=\"fxs-faq-module-content\">Quantitative tightening (QT) is the reverse of QE. It is undertaken after QE when an economic recovery is underway and inflation starts rising. Whilst in QE the Bank of Canada purchases government and corporate bonds from financial institutions to provide them with liquidity, in QT the BoC stops buying more assets, and stops reinvesting the principal maturing on the bonds it already holds. It is usually positive (or bullish) for the Canadian Dollar.<\/p>\n                <\/section>\n        <\/div>\n    <\/div>\n<\/div><\/div>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/Trump-9_Large.png\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 16, 23:48 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">US President Trump: Lebanon and Israel agreed a 10-day ceasefire<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<style>.fxs-major-currency-prices-wrapper{border:1px solid #dddedf;background:#fff;margin-bottom:32px;width:100%;float:left}.fxs-major-currency-prices-title{color:#1b1c23;font-size:16px;font-style:italic;font-weight:700;line-height:22.4px;text-transform:uppercase;background:#f3f3f8;padding:8px 16px;margin:0}.fxs-major-currency-prices-content{color:#49494f;font-weight:300;padding:0;font-size:14.72px;line-height:20px;margin:8px 16px}table.fxs-major-currency-prices-currency-prices-table{width:100%;text-align:center;border-collapse:collapse;font-size:1rem}table.fxs-major-currency-prices-currency-prices-table th{background-color:#f2f2f2}table.fxs-major-currency-prices-currency-prices-table td{color:#fff}table.fxs-major-currency-prices-currency-prices-table td.green{background-color:#9cd6cd}table.fxs-major-currency-prices-currency-prices-table td.red{background-color:#faafb5}table.fxs-major-currency-prices-currency-prices-table td.blue-grey{background-color:#888a93}.fxs-major-currency-prices-currency-prices-legend{font-size:11px;margin:8px;color:#49494f}@media (min-width:680px){.fxs-major-currency-prices-content{font-size:16px;line-height:21.6px}.fxs-major-currency-prices-title{font-size:19.2px;line-height:27.2px}}.fxs-major-currency-prices-currency-price td.dark-green{background-color:#39ad9a}.fxs-major-currency-prices-currency-price td.light-green{background-color:#9cd6cd}.fxs-major-currency-prices-currency-price td.gray{background-color:#888a93}.fxs-major-currency-prices-currency-price td.light-red{background-color:#faafb5}.fxs-major-currency-prices-currency-price td.strong-red{background-color:#f55e6a}<\/style>\n<p>United States (US) President Donald Trump just announced through Truth Social a 10-day ceasefire between Lebanon and Israel, to start on Thursday at 5 pm Eastern time.<\/p><blockquote><p>I just had excellent conversations with the Highly Respected President Joseph Aoun, of Lebanon, and Prime Minister Bibi Netanyahu, of Israel. These two Leaders have agreed that in order to achieve PEACE between their Countries, they will formally begin a 10 Day CEASEFIRE at 5 P.M. EST. On Tuesday, the two Countries met for the first time in 34 years here in Washington, D.C., with our Great Secretary of State, Marco Rubio. I have directed Vice President JD Vance and Secretary of State Rubio, together with the Chairman of the Joint Chiefs of Staff, Dan Razin' Caine, to work with Israel and Lebanon to achieve a Lasting PEACE. It has been my Honor to solve 9 Wars across the World, and this will be my 10th, so let's, GET IT DONE! President DONALD J. TRUMP\"<\/p><\/blockquote><p><br><\/p><h2 class=\"fxs_headline_from_medium_to_large\">Market reaction<\/h2><p>The US Dollar (USD) is under mild selling pressure following the announcement, but holding on to most of its intraday gains across the FX board. Action remains limited amid uncertainty related to US-Iran future negotiations to pause the Middle East war.<\/p><div class=\"post-module\"><div id=\"content-module-currencyprices-USD-572\" data-type=\"currencyprices\" data-module=\"currencyprices\" data-config-topic=\"USD\" data-config-asset=\"USD\" data-config-criteria=\"Strongest\" data-config-period=\"Today\" data-config-currencies=\"USD,EUR,GBP,JPY,CAD,AUD,NZD,CHF\" data-config-quotes=\"1.17987:1.17785,1.356115:1.35332,1.1493:1.149,0.00629:0.006284,0.005331:0.005334,0.004639:0.004642,0.72775:0.72935,0.6168:0.619265,0.536585:0.538965,115.6985:116.102,0.716995:0.71702,0.6077:0.60872,0.5287:0.52979,113.9965:114.115,0.98519:0.98288,0.5914:0.58933,0.5011:0.500335,0.436:0.435445,93.9635:93.7905,0.8124:0.807825,0.824555:0.821935,1.278939:1.275802,1.083952:1.083105,0.94307:0.94266,203.3255:203.042,1.757525:1.74901,1.784123:1.779233,2.16314:2.164785\" data-version=\"v1\" data-content-module-translate=\"0\" class=\"fxs-major-currency-prices-wrapper\">\n    <h2 class=\"fxs-major-currency-prices-title\">US Dollar Price Today<\/h2>\n    <p class=\"fxs-major-currency-prices-content\">The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.<\/p>\n    <table class=\"fxs-major-currency-prices-currency-prices-table\" border=\"1\">\n        <thead>\n        <tr>\n            <th><\/th>\n                <th>USD<\/th>\n                <th>EUR<\/th>\n                <th>GBP<\/th>\n                <th>JPY<\/th>\n                <th>CAD<\/th>\n                <th>AUD<\/th>\n                <th>NZD<\/th>\n                <th>CHF<\/th>\n        <\/tr>\n        <\/thead>\n        <tbody>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>USD<\/th>\n                        <td><\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n                        <td class=\"light-green\">0.21%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td class=\"light-red\">-0.22%<\/td>\n                        <td class=\"light-red\">-0.00%<\/td>\n                        <td class=\"light-green\">0.35%<\/td>\n                        <td class=\"light-green\">0.25%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>EUR<\/th>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.03%<\/td>\n                        <td class=\"light-red\">-0.06%<\/td>\n                        <td class=\"light-red\">-0.40%<\/td>\n                        <td class=\"light-red\">-0.17%<\/td>\n                        <td class=\"light-green\">0.15%<\/td>\n                        <td class=\"light-green\">0.08%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>GBP<\/th>\n                        <td class=\"light-red\">-0.21%<\/td>\n                        <td class=\"light-red\">-0.03%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.06%<\/td>\n                        <td class=\"light-red\">-0.44%<\/td>\n                        <td class=\"light-red\">-0.21%<\/td>\n                        <td class=\"light-green\">0.13%<\/td>\n                        <td class=\"light-green\">0.04%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>JPY<\/th>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"light-green\">0.06%<\/td>\n                        <td class=\"light-green\">0.06%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.35%<\/td>\n                        <td class=\"light-red\">-0.10%<\/td>\n                        <td class=\"light-green\">0.18%<\/td>\n                        <td class=\"light-green\">0.14%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CAD<\/th>\n                        <td class=\"light-green\">0.22%<\/td>\n                        <td class=\"light-green\">0.40%<\/td>\n                        <td class=\"light-green\">0.44%<\/td>\n                        <td class=\"light-green\">0.35%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.24%<\/td>\n                        <td class=\"light-green\">0.57%<\/td>\n                        <td class=\"light-green\">0.49%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>AUD<\/th>\n                        <td class=\"gray\">0.00%<\/td>\n                        <td class=\"light-green\">0.17%<\/td>\n                        <td class=\"light-green\">0.21%<\/td>\n                        <td class=\"light-green\">0.10%<\/td>\n                        <td class=\"light-red\">-0.24%<\/td>\n                        <td><\/td>\n                        <td class=\"light-green\">0.32%<\/td>\n                        <td class=\"light-green\">0.27%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>NZD<\/th>\n                        <td class=\"light-red\">-0.35%<\/td>\n                        <td class=\"light-red\">-0.15%<\/td>\n                        <td class=\"light-red\">-0.13%<\/td>\n                        <td class=\"light-red\">-0.18%<\/td>\n                        <td class=\"light-red\">-0.57%<\/td>\n                        <td class=\"light-red\">-0.32%<\/td>\n                        <td><\/td>\n                        <td class=\"light-red\">-0.08%<\/td>\n            <\/tr>\n            <tr class=\"fxs-major-currency-prices-currency-price\">\n                <th>CHF<\/th>\n                        <td class=\"light-red\">-0.25%<\/td>\n                        <td class=\"light-red\">-0.08%<\/td>\n                        <td class=\"light-red\">-0.04%<\/td>\n                        <td class=\"light-red\">-0.14%<\/td>\n                        <td class=\"light-red\">-0.49%<\/td>\n                        <td class=\"light-red\">-0.27%<\/td>\n                        <td class=\"light-green\">0.08%<\/td>\n                        <td><\/td>\n            <\/tr>\n        <\/tbody>\n    <\/table>\n    <p class=\"fxs-major-currency-prices-currency-prices-legend\">The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)\/JPY (quote).<\/p>\n<\/div><\/div><p><em>(This story was corrected at 15:50 GMT to correct the date of the begining of the 10-day ceasefire between Lebanon and Israel)<\/em><\/p>          <\/div>\n        <\/div>\n            <div class=\"latest-news__item js-news-item\">\n          <div class=\"latest-news__summary\">\n            <figure class=\"latest-news__thumb\">\n              <img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/editorial.fxsstatic.com\/images\/i\/PM-japan-04_Large.jpg\" alt=\"\" width=\"270\" height=\"180\">\n            <\/figure>\n            <div class=\"latest-news__title-wrapper\">\n\t\t\t\t<div>\n              <div class=\"latest-news__date\">\n                <figure class=\"latest-news__date-icon\">\n                  <img decoding=\"async\" src=\"\/wp-content\/uploads\/ico_clock.svg\" alt=\"\">\n                <\/figure>\n                <span>Apr 16, 23:30 HKT<\/span>\n              <\/div>\n              <div class=\"latest-news__title\">USD\/JPY edges higher as geopolitical risks and policy divergence support the US Dollar<\/div>\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t  <button class=\"latest-news__accordion-btn js-accordion\">\n\t\t\t\t<span>Read article<\/span>\n\t\t\t\t<span>Close<\/span>\n\t\t\t  <\/button>\n            <\/div>\n          <\/div>\n          <div class=\"latest-news__content is-en js-news-content\">\n            <ul><li value=\"1\"><strong>USD supported by safe-haven demand amid Middle East tensions and Hormuz uncertainty, keeping investors cautious.<\/strong><\/li><li value=\"2\"><strong>Yen struggles to gain traction with the BoJ maintaining a gradual, cautious normalization stance.<\/strong><\/li><li value=\"3\"><strong>Policy divergence remains the key driver as Fed expectations contrast with Japan\u2019s still-accommodative framework.<\/strong><\/li><\/ul><p>The USD\/JPY pair is trading near the 159.20 price region, having surged roughly 100 pips from its intraday low and posting modest daily gains as markets continue to digest developments in the Middle East and shifting expectations around central bank policy.<\/p><p>The US Dollar (USD) continues to be bolstered by safe-haven demand despite some fluctuations in market sentiment driven by news from the Middle East. Ongoing uncertainties related to tensions with Iran and the strategic significance of the Strait of Hormuz are sustaining demand for the Greenback, even as investor risk appetite shows occasional signs of improvement. <\/p><p>The latest on the matter indicates that US President Donald Trump informed Lebanon\u2019s President Aoun that a ceasefire will be announced within hours, according to Qatari Al-Araby TV reports.<\/p><p>The Yen (JPY) is struggling to gain significant traction. The Bank of Japan (BoJ) continues with a gradual normalization approach, yet policymakers remain cautious, emphasizing their dependence on data and the necessity for sustainable inflation. <\/p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/chart-analysis-1776352569181\" alt=\"Chart Analysis USD\/JPY\" loading=\"lazy\"><p><br><\/p><h3 class=\"fxs_headline_medium\">Short-term technical analysis:<\/h3><p>In the four-hour chart, USD\/JPY trades at 159.15, holding a neutral near-term bias as it consolidates just under the 100-period Simple Moving Average (SMA) at 159.29 while clinging to nearby horizontal support at the same price area. The 20-period SMA (159.06) runs below spot and lends initial trend support, while the Relative Strength Index (RSI) at 53 suggests mildly positive momentum without entering overbought conditions, hinting that the pair is stabilizing rather than trending decisively.<\/p><p>On the topside, immediate resistance is seen at the 100-period SMA around 159.29, followed closely by the horizontal barrier at 159.30, forming a tight cap that bulls would need to clear to extend gains. On the downside, the first layer of support sits near the pivot zone around 159.15, with additional cushions emerging at 158.94 and then 158.85, where a break would expose deeper corrective pressure within the broader consolidation.<\/p><p><em>(The technical analysis of this story was written with the help of an AI tool.)<\/em><\/p>          <\/div>\n        <\/div>\n      <\/div>\n  <div class=\"latest-news__pagination\">\n    <div><a class=\"latest-news__page active\" href=\"?nav=1\">1<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=2\">2<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=3\">3<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=4\">4<\/a><\/div><div><a class=\"latest-news__page \" href=\"?nav=5\">5<\/a><\/div>  <\/div>\n<\/section>\n<script>\n  let acc = document.getElementsByClassName(\"js-accordion\");\n  let i;\n\n  for (i = 0; i < acc.length; i++) {\n    acc[i].addEventListener(\"click\", function() {\n      this.classList.toggle(\"is-active\");\n\t  const parent = this.closest('.js-news-item')\n      const panel = parent.querySelector('.js-news-content')\n      parent.classList.toggle(\"is-active\");\n      if (panel.style.display === \"block\") {\n        panel.style.display = \"none\";\n      } else {\n        panel.style.display = \"block\";\n      }\n    });\n  }\n\t\n  function handleAccordionInContents() {\n\t  const dataAccordions = jQuery(\".latest-news__content.is-cn .fxs-content-module-header\")\n\t  dataAccordions.each(function() {\n\t\t  const $this = jQuery(this)\n\t\t  let isExpanded = $this.parent().attr('expanded')\n\t\t  if(typeof isExpanded !== 'undefined' && isExpanded !== false) {\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t  }\n\t  })\n\t  dataAccordions.on(\"click\", function(e) {\n\t\t  const $this = jQuery(this)\n\t\t  const content = $this.next()\n\t\t  if($this.hasClass('show')) {\n\t\t\t  content.slideUp(300, function() {\n\t\t\t\t  $this.removeClass('show')\n\t\t\t  \t  $this.parent().removeClass('show')\n\t\t\t  })\n\t\t  } else {\n\t\t\t  content.css(\"opacity\", 0)\n\t\t\t  \t.slideDown(300)\n\t\t\t  \t.animate(\n\t\t\t\t\t{ opacity: 1 },\n\t\t\t\t\t{ queue: false, duration: 300 }\n\t\t\t\t  );\n\t\t\t  $this.addClass('show')\n\t\t\t  $this.parent().addClass('show')\n\t\t\t  \n\t\t  }\n\t  })\n  }\n\t\n\t\n\tjQuery(document).ready(function() {\n\t\thandleAccordionInContents()\n\t})\n<\/script>\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-e823cf5 e-flex e-con-boxed e-con\" data-id=\"e823cf5\" data-element_type=\"container\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[],&quot;content_width&quot;:&quot;boxed&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-741da53 elementor-widget elementor-widget-heading\" data-id=\"741da53\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Forex Market News<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-874732b elementor-widget elementor-widget-text-editor\" data-id=\"874732b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.14.0 - 26-06-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Our dedicated focus on forex news and insights empowers you to capitalise on investment opportunities in the dynamic FX market. 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