Share: Incoming data continues to influence easing cycle expectations with June as a potential start. Despite US CPI data intensifying, investor foresight accords more with frail labor market figures. Retail Sales and weekly Jobless Claims figures … [Continue reading]
Canadian Dollar recovers ground on Wednesday as markets await US PPE and Retail Sales
Share: Canadian Dollar pulls back to even against US Dollar midweek. Canada brings little data of note to the table. US PPE, Retail Sales on offer for Thursday. The Canadian Dollar (CAD) found some room on the upside at the midweek inflection … [Continue reading]
EUR/USD Forecast: Cautious buying prevails, resistance at 1.0970
Share: EUR/USD Current price: 1.0938 Financial markets keep rotating around central banks and monetary policies. The Eurozone reported a sharp decline in Industrial Production in January. EUR/USD is poised to resume its advance but still needs to … [Continue reading]
XRP price gains 17% weekly, Ripple CEO addresses whether XRP is the next Bitcoin
Share: XRP price rallied 17% on the weekly time frame and the altcoin sustained above support at $0.6886. Ripple CEO Brad Garlinghouse told Bloomberg Live that there is an opportunity to create value in XRP. Garlinghouse says Ripple has … [Continue reading]
Australian Dollar recovers recent losses on higher ASX 200, US Dollar remains calm
Share: Australian Dollar exhibits sideways movement with a bias to recover recent losses. Australia's S&P/ASX 200 Index mirrors the gains seen on Wall Street overnight, avoiding the upbeat US Inflation data. US CPI YoY and MoM rose by 3.2% and … [Continue reading]
ECB’s Villeroy: a June rate cut is more likely than in April
Share: European Central Bank (ECB) Governing Council member Francois Villeroy de Galhau said on Thursday that there is a strong case at the central bank to begin cutting interest rates in the spring as the battle against inflation is being … [Continue reading]
Bitcoin price extends rally to $73K amid “euphoric” market sentiment
Share: Bitcoin price has registered its fourth new cycle all-time high this week, now trades above $72K. Glassnode researchers attribute BTC rally to market sentiment shifting to euphoria. The market shows a healthy balance between distribution … [Continue reading]
US Dollar recovers broadly after CPI numbers fell in line with expectations
Share: The US Dollar holds on to Monday’s gain in a first step to recover last week’s losses. CPI release disappointed markets with no accelerated disinflation. The US Dollar Index trades back above 103.00 in its road to recovery. The US … [Continue reading]
BoJ to offer guidance on bond buying operation after scrapping YCC, ending negative rates – Reuters
Share: Citing four sources familiar with the Bank of Japan’s (BoJ) thinking, Reuters reported on Tuesday that the BoJ is said to offer some form of numerical guidance to markets on how much Japanese government bonds (JGB) it will continue to … [Continue reading]
Netherlands, The Consumer Price Index n.s.a (YoY) dipped from previous 3.2% to 2.8% in February
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]