Gold weakened below $4,700 as dollar rose; US-Iran tensions, inflation fears, and Fed stance pressured.
AUD/USD slipped near 0.7150 as Middle East tensions dampened sentiment despite stronger Australian preliminary PMIs.
UOB forecasts AUD/USD 0.7130–0.7180 next day; 0.7060–0.7210 weeks; downtrend targets 0.6765 if broken.
Germany’s HCOB Services PMI fell to 46.9 in April, missing forecasts, signaling contraction in services activity.
Germany’s April HCOB Composite PMI missed forecasts, falling to 48.3 versus 51.1, signaling contraction.
Germany’s April HCOB Manufacturing PMI eased to 51.2, slightly missing forecasts, but stayed in expansion territory.
Silver drops 2.3% near $76 as oil surges, Hormuz stays closed, boosting dollar and rate-hold expectations.
France’s manufacturing climate index rose to 100 in April, beating forecasts and returning to the long-term average.
New Zealand Dollar slipped versus strong US Dollar; US–Iran tensions hit risk appetite, NZD/USD range-bound.
UOB strategists see flat GBP/USD momentum, expecting consolidation; broader 1.3400–1.3600 range, no directional bias.
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