There has been no increase in either downward or upward momentum; Pound Sterling (GBP) is expected to trade in a 1.2920/1.2980 range. In the longer run, GBP is likely to consolidate between 1.2850 and 1.3015, albeit with a mild downward bias, UOB … [Continue reading]
Fed’s Goolsbee believes borrowing costs would be “a fair bit lower” in 12-18 months from now – FT
Chicago Federal Reserve (Fed) President Austan Goolsbee said in a Financial Times (FT) interview on Wednesday that he “believed borrowing costs would be “a fair bit lower” in 12-18 months from now.” Additional comments Market angst over inflation … [Continue reading]
Australia’s monthly CPI inflation eases to 2.4% YoY in February vs. 2.5% expected
Australia’s monthly Consumer Price Index (CPI) increased by 2.4% in the year to February, compared to a 2.5% rise seen in January, according to the data published by the Australian Bureau of Statistics (ABS) on Wednesday.The … [Continue reading]
US Dollar mixed as traders await drivers
The US Dollar Index fluctuates around the mid-104s in Tuesday’s session, easing from earlier strength. Optimism around reduced tariffs fades as mixed Fed comments muddy interest rate expectations. Momentum improves, but key moving averages still … [Continue reading]
US Dollar sees geopolitical and US economic data concerns pick up
US Vice President JD Vance’s comments about Europe in leaked Signal chat could be setback from Trump administration. US President Trump issues “secondary tariffs” and puts Venezuela Oil exports as example. The US Dollar Index fails … [Continue reading]
USD/CHF Price Forecast: Continues to face pressure near 0.8850
USD/CHF struggles to break above 0.8850 as the US Dollar faces pressure. US President Trump indicated that he may exempt a lot of countries from tariffs, which he will unveil on April 2. The SNB cut its interest rates by 25 bps to 0.25% last week. … [Continue reading]
USD/TRY gathers strength to near 38.00 amid political turmoil in Turkey
USD/TRY gains traction to near 37.95 in Tuesday’s early European session. The political crisis in Turkey continues to weigh on the TRY. CBRT interventions might help the Turkish Lira from depreciating. The USD/TRY pair gathers … [Continue reading]
NZD/USD extends downside below 0.5750 as US tariffs loom
NZD/USD weakens to near 0.5725 in Tuesday’s early Asian session. Trump’s tariff policies and expectations of further RBNZ rate cuts continue to undermine the Kiwi. China’s stimulus measures might cap the downside for the pair. The … [Continue reading]
Dow Jones Industrial Average rallies on tariff relief hopes
The Dow Jones recovered ground on Monday, climbing back to 42,500. Equities are broadly gaining ground as investors hope for easing tariff pressures. Economic concerns and inflation fears continue to simmer away as data comes in mixed. The Dow Jones … [Continue reading]
US President Donald Trump reiterates new-old tariff threats
United States (US) President Donald Trump spoke with reporters in Washington, DC on Monday, re-announcing plans to issue additional tariffs on automobiles, aluminum, and pharmaceuticals "soon". This follows the Trump administration's recent … [Continue reading]