WTI price depreciates following discussions between Trump and Putin to initiate negotiations aimed at ending the Ukraine war. The dollar-denominated Oil faces challenges as rising US inflation reinforces odds that the Fed will maintain its hawkish … [Continue reading]
Australian Dollar appreciates as US Dollar extends losses despite cautious Fed
The Australian Dollar faces headwinds due to increased risk aversion. Australia’s Consumer Inflation Expectations rose to 4.6% in February from 4.0% prior. The US Dollar may gain strength as Fed Chair Jerome Powell signaled there is no urgency to cut … [Continue reading]
GBP/USD churns ahead of UK GDP growth check
GBP/USD tested the low side on Wednesday, but remains steady near 1.2450. Cable markets are coiling ahead of the next round of UK GDP growth figures. US PPI inflation also in the barrel for Thursday after CPI inflation ticked higher. GBP/USD is … [Continue reading]
BoC Meeting Minutes show Canadian policymakers are awaiting signs of tariff inflation
The Bank of Canada released its latest Meeting Minutes on Wednesday. According to the BoC's internal discussions, impending trade tariffs from the United States (US) have become a key risk to policy guidance looking forward. Despite the looming … [Continue reading]
Sticky US inflation reinforces the Fed’s cautious message
Inflation in the United States (US), as tracked by the Consumer Price Index (CPI), went up by 3.0% in January compared to the same month last year, surpassing December’s increase, according to the Bureau of Labor Statistics. This result was … [Continue reading]
EUR/USD stays firm ahead of US CPI
EUR/USD edges higher ahead of the US CPI data for January, which will influence the Fed’s monetary policy outlook. European Commission President Ursula von der Leyen has threatened to take countermeasures against US President Trump’s 25% levy on … [Continue reading]
GBP/JPY Price Forecast: Next upside barrier emerges near 193.50
GBP/JPY gains ground to around 191.20 in Wednesday’s early European session. The cross keeps the negative outlook below the 100-period EMA with the bearish RSI indicator. The initial support level is seen at 187.70; the key upside barrier … [Continue reading]
White House official says 25% steel tariffs would stack on other levies on Canada
A White House official said late Tuesday that US President Donald Trump's planned 25% tariffs on all steel and aluminum imports would be added onto other levies on Canadian goods, resulting in a total 50% tariff. A government source told … [Continue reading]
USD/JPY Price Forecast: Surges as US yields rise, eyes on 200-day SMA
USD/JPY rebounds 0.35% from 151.64 low, driven by bond yield movements. Technical analysis hints at bullish shift; resistance near 200-day SMA at 152.76. Downside risks if SMA not surpassed; supports at 152.00 and 150.93 in focus. The USD/JPY … [Continue reading]
US Dollar does not see much change after Powell’s speech
The US Dollar flat for a second day in a row this week. Fed Chairman Jerome Powell says to lawmakers no rush to change rates. The US Dollar Index (DXY) is not ging anywhere and is residing above 108.00 wh.ile looking for direction The US … [Continue reading]