Reserve Bank of New Zealand Chief Economist Paul Conway said late Tuesday that the interest rate will tend towards neutral in the absence of future shocks to the system as pandemic-related disruptions fade, per Reuters. Key quotes Given … [Continue reading]
Canadian Dollar coil ahead of central bank double-header
The Canadian Dollar stuck to familiar levels on Tuesday. The Bank of Canada and the Federal Reserve are both due this week. The Loonie’s rate differential is set to widen further, limiting bullish odds. The Canadian Dollar (CAD) stuck to familiar … [Continue reading]
US Dollar sees rally stall ahead of 108.00 on sluggish Durable Goods print
The US Dollar gets to keep gains but refrains from adding more. US Durable Goods fall below expectations. The US Dollar Index (DXY) hitted a fresh weekly high at 108.06 while trying to consolidate above the psychological 108.00 level. … [Continue reading]
Metals: Tariffs are coming – ING
Industrial metals traded under pressure at the start of the new week, with Copper dropping from a two-month high, amid concerns over China’s economic growth following weak factory activity and profit data, despite Beijing’s recent efforts to boost … [Continue reading]
Japanese Yen bears retain intraday control amid concerns about Trump’s tariff plans
The Japanese Yen retreated further from a multi-week high touched against the USD on Monday. Trump’s tariff threats, rebounding US bond yields and modest USD strength support USD/JPY. The divergent BoJ-Fed expectations might keep a lid on any further … [Continue reading]
NZD/USD faces some selling pressure below 0.5700 as Trump tariff threat looms
NZD/USD weakens to near 0.5670 in Tuesday’s early Asian session, down 0.38% on the day. Trump said that he will place tariffs on imports of computer chips, pharmaceuticals, steel, aluminum, and copper. The downbeat Chinese PMI data and … [Continue reading]
Crypto Today: 3 Tokens rally amid $975M BTC liquidations, Mantra CEO hints at Trump’s impact on RWA sector
Global cryptocurrency market capitalization plunged below $1 trillion for the first time in 12 days. The crypto market declined 6% in the last 24 hours, wiping over $64.5 billion in aggregate value. Real-Word Asset (RWA)-based projects Mantra, … [Continue reading]
Five fundamentals for the week: Fed, ECB and US GDP try to compete with Trump
Donald Trump will continue rocking markets in his second week in office. January ends with a blast, featuring decisions from major central banks. US GDP and Core PCE will provide data points for investors to chew on. The gift that keeps on giving – … [Continue reading]
Markets increase USD net longs – Rabobank
US Dollar (USD) net long positions have increased for the fifth consecutive week, driven by a decrease in short positions, Rabobank's FX analysts jane Foley and Molly Schwartz note. Market is pricing in a no-change Fed decision"USD net short … [Continue reading]
USD/INR climbs amid risk-off mood, Trump tariff worries
The Indian Rupee loses traction during Monday’s early European session. The stronger USD, foreign outflows and the concerns about the Indian economic slowdown weigh on the INR. The Fed rate decision will take center stage on … [Continue reading]