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]
Mexican Peso treads water as Fed turns concern on tariffs
Mexican Peso slumps 0.94% as risk sentiment turns bearish on trade fears. US President Trump targets autos, pharma and computer chips with 25% tariffs. US Dollar Index hits four-day high as Fed signals caution on rate cuts. Banxico-Fed policy … [Continue reading]
Fed Minutes to reinforce cautious approach to rate cuts this year
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps … [Continue reading]
EUR/USD Price Forecast: Sellers willing to pressure the 1.0400 mark
EUR/USD Current price: 1.0425 The Federal Open Market Committee will publish the Minutes of the January meeting. Geopolitical uncertainty surrounding the Russia-Ukraine war undermines the mood. The EUR/USD pair retains the soft tone, near-term risk … [Continue reading]
ECB’s Panetta: Signs of weakness in Eurozone economy are more persistent than anticipated
European Central Bank (ECB) policymaker Fabio Panetta said on Wednesday, “signs of weakness in Eurozone economy are more persistent than anticipated.” Further comments We expected a recovery driven by consumer spending. However, that did not … [Continue reading]
Gold Price Forecast: XAU/USD bides time before the next push higher
Gold price consolidates below record highs of $2,943, awaits Fed Minutes. Trump’s tariff threats return and power safe-havens - Gold price and the US Dollar. Gold price stays bullish on the daily time frame, with fresh record highs in sight. … [Continue reading]
RBNZ expected to cut interest rate by 50 bps in February as inflation eases and economic weakness persists
The Reserve Bank of New Zealand is expected to cut its key interest rate by 50 bps to 3.75% on Wednesday. The RBNZ’s updated forecasts and Governor Orr’s words are likely to offer clues on the policy outlook. The New Zealand Dollar is set to rock on … [Continue reading]
Canadian Dollar holds steady after CPI inflation uptick
The Canadian Dollar covered little ground on Tuesday, holding flat against the Greenback. Canadian CPI inflation rose in January, with core CPI metrics climbing more than expected. The Loonie remains hampered near key technical levels as bullish … [Continue reading]
Canadian inflation surprised to the upside in January
Canada’s inflation rate advanced slightly in January, according to the latest data from Statistics Canada. The Consumer Price Index (CPI)—which measures the cost of everyday goods and services—rose by 1.9% over the last twelve months, up from … [Continue reading]