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Markets Steady Amid Thin Liquidity as Middle East Risks Dominate Sentiment

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Forex Market 

Range-Bound Trade as Geopolitics Caps Momentum 
Markets remained range-bound overnight as geopolitical tensions limited momentum, with currencies holding within tight ranges while traders looked for clearer direction from macro data and developments in the Middle East. The Australian dollar moved within a narrow band and settled slightly firmer, while the U.S. dollar briefly softened following weaker U.S. services data before recovering modestly on geopolitical headlines. The euro tested recent highs before easing, the British pound pushed higher then pulled back, and the yen saw the dollar rebound toward the middle of its recent range. Meanwhile, the New Zealand dollar stayed near its highs and the Canadian dollar strengthened slightly as USD/CAD edged lower.
U.S. ISM Services came in below expectations, which weighed modestly on the U.S. dollar, although elevated price pressures within the report helped limit further downside.

General Market

Wall Street

  • Dow Jones +0.3% → 46,670
  • S&P 500 +0.4% → 6,606
  • Nasdaq +0.5% → 21,996
  • VIX +2.0% → 24.34

Asia-Pacific

  • Nikkei +0.5% → 53,414
  • ASX closed (Easter Monday)
  • Hang Seng / Shenzhen closed (Qingming Festival)

Europe

  • Major indices closed due to Easter Monday holiday

 

Headlines to Watch

United States

  • Fed’s Goolsbee speech may guide near-term rate expectations
  • ISM Services shows slowing growth but rising price pressures

Middle East / Global

  • Ongoing tensions with Iran remain a key driver of risk sentiment
  • Reports of potential U.S. strikes on Iranian energy targets raise volatility risks

Markets

  • Limited data calendar keeps focus on geopolitics and risk appetite
  • AUD/USD demand seen at 0.6830–0.6840, resistance ahead of 0.7000

 

Currency Pair Mid-market Rate
AUD/USD 0.6915
AUD/NZD 1.2106
AUD/JPY 110.42
AUD/CNY 4.7605
AUD/EUR 0.5992
AUD/GBP 0.5226
AUD/HKD 5.4197

 

 

 

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