GLOBAL POLITICAL RISK: Trump:Israel/Lebanon Ceasefire To be Extended By 3 Weeks
US President Trump has posted via Truth Social, stating that the ceasefire between Israel and Lebano...
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ASIA: Coming Up In Asian Markets On Wednesday
| 0200BST | 1000HKT | 1300AEDT | South Korea Feb Retail Sales |
| 0200BST | 1000HKT | 1300AEDT | South Korea Feb Department Store Sales |
Source: Bloomberg Finance L.P./MNI
ASIA: Coming Up In Asia Pac Markets On Wednesday
| 2200BST | 0600HKT | 0900AEDT | Fed's Goolsbee On PBS Newshour |
| 2210BST | 0610HKT | 0910AEDT | RBNZ Chief Economist Conway Speaks |
| 2230BST | 0630HKT | 0930AEDT | Fed's Michael Barr Speaks On Economic Outlook |
| 2350BST | 0750HKT | 1050AEDT | BoJ Mins Of Jan Meeting |
| 0030BST | 0830HKT | 1130AEDT | Australia Feb CPI |
| 0200BST | 1000HKT | 1300AEDT | South Korea Feb Retail Sales |
| 0240BST | 1040HKT | 1340AEDT | RBA's Jones-Remarks |
| 0500BST | 1300HKT | 1600AEDT | Japan Jan F Leading Index |
| 0600BST | 1400HKT | 1700AEDT | Japan Feb F Machine Tool Orders |
Source: Bloomberg Finance L.P./MNI
AUD: AUD/USD - Whips Around 0.7000 On Reports Of A Possible Ceasefire
The AUD/USD had a range overnight of 0.6938-0.7015, Asia is currently trading around 0.6990. What a mess, with bombs continuing to fall, the NYT reporting Saudi Arabia is pushing Trump to continue the war and the WSJ is reporting the US plans to deploy the 82nd Airborne Division. You could forgive the market for walking back the reaction to Trump’s ‘Deal’. But This morning Israel' s Channel 12 reported that the US aims at a month-long ceasefire to negotiate a 15-point agreement. This has seen another bounce for risk, let's see how Iran reacts to this today. Ultimately the price remains within this wider choppy 0.6900-0.7200 range while the conflict continues. While the pivotal 0.6900-0.6950 area continues to hold, the bulls have the slight edge, but the market is already long and will be hoping risk can stabilise, a ceasefire would certainly help. On the day, the first resistance is back toward the 0.7040-0.7060 area which has been a pivot within this wider range. A sustained move above here and the bulls will be looking toward the top end of the range again. AU CPI today just to add some spice to our day.
- "Three sources familiar with the details told Channel 12 this evening (Tuesday) that there is already a mechanism that presidential advisors Jared Kushner and Steve Witkoff are pursuing, with President Trump's consent of course, and that is - declaring a month-long ceasefire during which the parties will discuss the 15-point agreement, quite similar to what happened in Gaza and Lebanon." https://www.mako.co.il/news-diplomatic/2026_q1/Article-c55ca8485012d91027.htm
- Options : Closest significant option expiries for NY cut, based on DTCC data: 0.6950(AUD1.43b), 0.6990(AUD965m), 0.7050(AUD1.23b). Upcoming Close Strikes : 0.6900(AUD1.23b Mar 26), 0.7000(AUD713m Mar 27), 0.7100(AUD687m Mar 27) - BBG
- The AUD/USD Average True Range for the last 10 Trading days: 103 Points
- Data/Event: CPI
Fig 1: AUD/USD spot Daily Chart
Source: MNI - Market News/Bloomberg Finance L.P
