Dollar strength reflects favorable terms-of-trade shock; elevated holdings curb rebalancing, raising hurdle for technical selling.
Italy’s consumer confidence slipped to 90.8 in April from 92.6, signaling weakening household sentiment.
Bavaria’s CPI rose 0.5% in April, down from 1.2% in March, signaling inflation slowdown.
Bavaria’s CPI rose 2.9% year-on-year in April, slightly higher than March’s 2.8% increase.
Switzerland’s ZEW survey improved in April, with expectations rising to -30.3 from -35 previously.
GBP/USD steadies near 1.3520; ascending channel warns reversal risk as markets await Thursday’s Bank of England decision.
ES rebounded from 6367 into wave (3); wave ((v)) may complete wave 1, then expect wave 2.
AUD/USD dips toward 0.7160 after weak Australian inflation; Fed decision and US-Iran uncertainty keep range intact.
Gold prices in Saudi Arabia rose Wednesday, with SAR 555.19 per gram; central banks kept boosting reserves.
WSJ reports Trump urged aides plan prolonged Iran blockade, pressuring economy, oil exports; other options deemed riskier.
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