The US Dollar Index holds above 106.50 following weak US PMI data. US service sector contracts unexpectedly in February, weighing on sentiment. Consumer sentiment drops, while inflation expectations rise, adding pressure to USD. The US Dollar Index … [Continue reading]
AUD/USD faces pressure around 0.6400 ahead of flash US PMI
AUD/USD faces offers near 0.6400 ahead of the preliminary US S&P Global PMI data for February. Investors see Trump’s tariff agenda as less fearful than anticipations. RBA’s Bullock support for maintaining a cautious interest rate cut stance. The … [Continue reading]
EUR: Major German parties pledge to keep the far right out of any coalition – ING
The euro has benefited from the unwinding of US Dollar (USD) longs, but remains generally unattractive in the crosses, ING’s FX analysts Francesco Pesole notes. EUR/USD to trade with a downside bias "The big event for the euro is obviously Sunday’s … [Continue reading]
USD/INR recovers on mixed Indian PMI data
The Indian Rupee weakens in Friday’s early European session. HSBC India Manufacturing PMI eased to 57.1 in February vs. 57.7 prior; Services PMI improved during the same reported period. Foreign outflows and the renewed Greenback demand … [Continue reading]
Japan Jibun Bank Manufacturing PMI below expectations (49) in February: Actual (48.9)
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than … [Continue reading]
Bittensor Price Analysis: TAO volumes surge 350% on Coinbase listing and Elon Musk’s bid for OpenAI
Bittensor price reached a 20-day high of $469 on Thursday, driven by multiple bullish catalysts. Recent TAO rallies have coincided with Coinbase’s listing announcement and Elon Musk’s bid to acquire OpenAI. TAO trading volumes increased by 350% since … [Continue reading]
GBP/USD rises above 1.2600 on weak US jobs data
GBP/USD climbs as soft US jobless claims data weakens Greenback. UK inflation above 3% reduces odds of aggressive BoE rate cuts. Traders eye Fed speakers and potential US-China trade deal signals. The Pound Sterling climbs against the Greenback and … [Continue reading]
Pound Sterling trades cautiously as BoE Bailey sees sluggish UK economic outlook
The Pound Sterling trades with caution against its major peers amid an uncertain UK economic outlook. The FOMC minutes showed on Wednesday that officials are worried about deepening upside risks to inflation. Investors await the UK Retail Sales … [Continue reading]
EUR/JPY extends decline below 157.00 on BoJ hike bets
EUR/JPY tumbles to nearly 156.55 in Thursday’s European session, down 0.85% on the day. Hawkish BoJ expectations boost the JPY. Investors will take more cues from the German January PPI, which is due later on Thursday. The EUR/JPY cross … [Continue reading]
Australian Dollar depreciates following employment data, China’s policy decision
The Australian Dollar depreciates due to the latest Trump tariffs and cautious FOMC Minutes. Australia’s Unemployment Rate increased to 4.1% in January from 4.0% in December, as expected. President Trump has confirmed plans to impose a 25% tariff on … [Continue reading]