The USD scales higher for the third straight day amid hopes for a US-China trade deal.Signs of a faltering US economy and aggressive Fed rate cut bets should cap the buck.Traders now look to US macro data for some impetus ahead of the US NFP on … [Continue reading]
Japan Jibun Bank Manufacturing PMI came in at 48.7, above expectations (48.5) in April
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]
AUD/USD gains as market reacts to weak US data, global uncertainty
The AUD/USD pair trades higher around 0.6400, up 0.26% on the day.US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025.Market expectations for a Fed rate cut in June rise as weak data weighs on the USD.Investors remain cautious … [Continue reading]
GBP/USD drops as US economy shrinks, inflation holds firm
US economy contracts 0.3% in Q1, missing forecasts and raising stagflation concerns.Inflation accelerates with Q1 price index at 3.7%, Core PCE at 2.6% in March.ADP jobs data disappoints; traders shift focus to NFP and ISM Manufacturing PMI.The Pound … [Continue reading]
US Dollar edges higher ahead of top-tier PCE and GDP data releases
The US Dollar trades slightly higher against most major currencies. President Trump lashed out at Fed’s Powell again during a rally in Detroit. The US Dollar Index is capped below the 100.00 round level ahead of key US data. The US … [Continue reading]
EUR/GBP holds positive ground near 0.8500 as traders await German, Eurozone GDP data
EUR/GBP gains traction to around 0.8500 in Wednesday’s early European session.Retail Sales in Germany rose 2.2% YoY in March.Traders expected the BoE to cut its rate by a quarter-point to 4.25% in the May policy meeting.The EUR/GBP cross trades in … [Continue reading]
Australian Treasurer Chalmers: Market expects more interest rate cuts after inflation figures
Australian Treasurer Jim Chalmers said on Wednesday that “the market expects more interest rate cuts after inflation figures.”He added: “(I) don't see anything in these numbers that would substantially alter market expectations.” Information on … [Continue reading]
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
EUR/JPY was observed trading around the 162.00 region, experiencing a slight pullback on the day.The overall technical analysis points towards a prevailing bullish sentiment for the currency pair.Key Simple Moving Averages indicate buying interest, … [Continue reading]
USD/CHF holds ground after tariff relief, jobs data
USD/CHF trades near the 0.8900 zone after US Commerce Secretary unveiled auto industry relief plans and risk sentiment improved slightly.Dollar demand remains supported by trade developments and weaker-than-expected US labor data fueling monetary … [Continue reading]
EUR/USD drops as ECB officials highlight downside risks to Eurozone inflation
EUR/USD faces slight pressure above 1.1400 as the US Dollar steadies, with investors seeking clarity on the US-China trade outlook.US Treasury Secretary Bessent has put the responsibility for the US-China trade progress on Beijing.ECB officials … [Continue reading]