市场资讯

Gold price (XAU/USD) declines to around $4,535 during the early Asian trading hours on Monday. The precious metal remains on the defensive as heightened inflation concerns, due to the conflict in the Middle East, reinforce bets for higher interest rates.

The AUD/USD pair trades on a flat note near 0.7150 during the early Asian session on Monday. The pair steadies after retreating from multi-year highs amid shifting US interest rate expectations and ongoing geopolitical tensions.

US President Donald Trump warned Iran the "clock is ticking" as talks to bring the war to an end have stalled, CNBC reported on Sunday.

ING analysts see Taiwan’s external demand remaining a key growth driver, led by technology exports. They expect export orders to stay very strong, even as the year-on-year rate moderates.

DBS economists Taimur Baig and Radhika Rao anticipate Singapore’s April 2026 non-oil domestic exports to rise 11.5% year-on-year, marking an eighth consecutive month of expansion after 15.3% in March.

ING’s Min Joo Kang expects Japan’s economy to maintain similar growth to the previous quarter, with first-quarter Gross Domestic Product (GDP) seen rising 0.3% quarter-on-quarter.

The US Dollar Index (DXY) climbs above the 99.30 region, reaching fresh multi-week highs on Friday as stronger-than-expected United States (US) economic data reinforced expectations that the Federal Reserve (Fed) may keep interest rates elevated for longer.

OCBC's strategist Christopher Wong says Asian FX remains constrained by a firm Dollar and higher US yields, despite some optimism around US–China talks. The Renminbi (RMB) is the main outperformer on lower USD/CNY fixes and policy-tolerated appreciation, but broader Asia FX stays soft.

UOB’s Global Economics & Markets Research, led by Julia Goh and Loke Siew Ting, notes Malaysia’s 1Q26 Gross Domestic Product (GDP) grew 5.4% year-on-year, slightly above estimates but slower than 4Q25.

DBS Group Research economist Samuel Tse assesses how recent US-China talks are shaping the outlook for Chinese growth and Chinese Yuan (CNY) rates. He highlights a more constructive bilateral tone, prospects for improved US market access, and potential easing of trade frictions.

Gold price retreats by over 2.30% on Friday amid fears that prolonged hostilities between the US and Iran could trigger a second wave of inflation, forcing central banks to hike interest rates. The XAU/USD trades at $4,551 after bottoming at around $4,511.

The US Dollar Index (DXY), which measures the Greenback against a basket of six major currencies, extends its rally on Friday, climbing to its highest level since April 8 as investors continue to favor the US Dollar (USD) amid hawkish Federal Reserve (Fed) expectations and persistent geopolitical un

Gold price (XAU/USD) recovers some lost ground around $4,660 during the early Asian session on Friday. However, the potential upside for the precious metal might be limited as the prospects of US rate cuts have largely faded.

GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows.

John Williams, President of the Federal Reserve (Fed) of New York, spoke on Thursday and said that the job market has stabilized, acknowledging that he is not surprised to see near-term inflation expectations rise.

USD/JPY rallies past the 158.00 figure and also above the 20-day Simple Moving Average of 158.23, up by over 0.32% on Thursday as buyers target the 50-day SMA at 158.75 as the next key resistance.

NZD/USD slipped 0.4% on Thursday, drifting lower through the session to close at fresh daily lows. The pair has been confined to a broad range in recent weeks, unable to retest the early-March peak near 0.6120.

AUD/USD eased 0.5% on Thursday, pulling back from four-year highs as the session drifted steadily lower through the afternoon. The pair had been pressing against the 0.7280 area, the strongest territory since June 2022, and bullish momentum waned after the recent run higher.

The USD/JPY pair advances toward the 158.30 region on Friday, reaching its highest level in nearly two weeks as the United States (US) Dollar (USD) strengthens following resilient US economic data and rising Treasury yields.

Standard Chartered economists Christopher Graham and Carol Liao discuss the EU’s widening trade deficit with China, highlighting the autos sector as a key example of the imbalance.

Societe Generale strategists observe that USD/CNH has resumed its decline after repeated failures at the 50-DMA, which has capped rebounds since last year.

Gold price (XAU/USD) trades in positive territory near $4,700 during the early Asian session on Thursday. The precious metal edges higher as markets turn cautious ahead of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing.

The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies.

GBP/USD ended Wednesday little changed on a net basis, though the session included a sharp intraday swing of around 65 pips.

NZD/USD ended Wednesday virtually flat, though the session produced a sharp two-way range of close to 50 pips.

AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.

BNP Paribas explains that Thailand shifted from broad price freezes to targeted subsidies for vulnerable households and firms.

OCBC’s Christopher Wong notes USD/SGD has risen with broader USD/AXJ but the move has been milder, reflecting Singapore Dollar's (SGD) lower beta. Wong observes fading bearish momentum and moderated RSI, suggesting two-way trade.

Silver (XAG/USD) price extends its gains for the sixth consecutive day on Wednesday, up over 1.30%, despite US inflation might prevent the Federal Reserve (Fed) from cutting interest rates.

BNP Paribas economists note that Malaysia has kept stable the price of RON 95 fuel used mainly by households, limiting the fiscal impact of subsidies to about 0.2% of GDP if Oil stays below USD 100.

The US Dollar Index (DXY) rises toward the 98.50 region, reaching its highest level since late April after US Producer Price Index (PPI) data came in much hotter than expected.

US President Donald Trump said that “we have Iran very much under control.” But also reiterated that “we’re either going to make a deal, or they’re going to be decimated,” the New York Times reported on Tuesday.

Wednesday's EIA inventory data will test how tight US crude supply has become amid the prolonged Hormuz closure.

Gold price (XAU/USD) trades with mild gains near $4,720 during the early Asian session on Wednesday. However, the potential upside for the precious metal might be limited due to hotter-than-expected US inflation and shifting geopolitical tensions.

GBP/USD lost about 0.7% on Tuesday, sliding from prior session highs near 1.3650 to test the 1.3500 round figure before a modest late-session rebound.

TD Securities’ Chief US Macro Strategist Oscar Munoz argues that 2026 US labor data suggest Artificial Intelligence is only modestly affecting employment so far. He highlights that AI adoption remains low across industries and concentrated in large, knowledge-intensive firms.

USD/JPY recovers some ground and rallies towards a daily four-day high near 157.80 as traders digest comments from US Treasury Secretary Scott Bessent on undesirable volatility in the FX space, prompting a Yen buy. At the time of writing, the pair is up by over 0.30%.

NZD/USD edged lower in choppy two-way trade on Tuesday, settling slightly down for the session. The pair set its peak during the Asian and early European hours, then fell to a session low around the 0.5935 area mid-session, before recovering part of the move into the New York close.

AUD/USD swung in a choppy intraday range on Tuesday before settling little changed for the session.

Commerzbank strategists note that USD/MYR has remained in a 3.90–4.05 range since the Middle East conflict began. Malaysia’s March industrial production grew 3.1% year-on-year, supported by strong manufacturing and electronics despite weaker mining.

Standard Chartered’s Christopher Graham notes that European Union (EU) exports to the United States (US) are now contracting at rates comparable to COVID and GFC (Great Financial Crisis) periods, potentially reflecting both prior export frontloading and emerging structural weakness.

US President Donald Trump said the ceasefire between the United States (US) and Iran is on “massive life support” after he rejected Tehran’s latest peace offer, which he called “simply unacceptable,” Bloomberg reported on Monday.

Gold price (XAU/USD) trades in positive territory around $4,750 during the early Asian session on Tuesday. The precious metal edges higher as traders assess developments in the United States (US)-Iran diplomacy and await key US inflation data, which is due later on Tuesday. 

Sterling pulled back from a fresh peak near 1.3650 on Monday, easing close to 1.3610 through European trade after the Asian session squeezed the Pound to a new local high.

The Australian Dollar firmed by less than 0.1% on Monday, holding around 0.7250 in another range-bound session below the 0.7280 ceiling.

ING’s Lynn Song notes that stronger China Consumer Price Index (CPI) and Producer Price Index (PPI) data in April, alongside resilient exports, reinforce a reflation narrative that reduces urgency for People’s Bank of China (PBoC) easing.

Silver (XAG/USD) price rallies over 7% on Monday, clearing key technical resistance at $83.05, the April 17 daily high, and also the $85.00 psychological figure, which opened the door towards the $86.00 per troy ounce handle, its highest level in the last two months.

Societe Generale analysts observe USD/CNY trading below 6.80, with the Chinese Yuan at its strongest level since February 2023 ahead of the US/China summit.

The US Dollar Index (DXY) is holding firm near the 97.95 region as investors remain cautious despite some improvement in overall market sentiment and ongoing geopolitical tensions in the Middle East.

DBS Group Research economist Ma Tieying revises Taiwan’s policy rate outlook after upgrading 2026 Gross Domestic Product (GDP) and Consumer Price Index (CPI) forecasts. The team now expects an additional 12.5 bps hike in 3Q, taking the policy discount rate to 2.125%.