EUR/USD remains subdued for the second successive day, trading around 1.1540 during Asian hours on Friday. The daily chart technical analysis indicates a potential bullish reversal as the pair is testing the upper boundary of the descending channel … [Continue reading]
Japan Jibun Bank Services PMI came in at 53.4, above expectations (52.8) in March
EUR/USD is giving back part of the gains seen over the past couple of sessions, drifting back towards the 1.1500 support as a firmer US Dollar and renewed tensions in the Middle East weigh on the broader risk complex. Looking ahead, the focus shifts … [Continue reading]
Global PMIs: Manufacturers look through inflation – Standard Chartered
Standard Chartered’s Ethan Lester notes that global manufacturing PMIs stayed in expansionary territory in March for an eighth straight month, even as the pace of growth eased from February’s 44‑month high. Asia offset ongoing contractions in … [Continue reading]
Cardano Price Forecast: ADA slips below consolidation range as risk-off sentiment weighs
Cardano (ADA) is edging lower, trading at $0.235 at the time of writing on Thursday, as crypto prices broadly decline amid war-driven, risk-off sentiment. The smart contracts token hovers below key momentum indicators, signaling a higher probability … [Continue reading]
EUR/USD reversal approaches 1.1500 amid higher Oil prices, risk-off markets
The Euro declines more than 0.5% against the safe-haven US Dollar on Thursday, extending its reversal from Wednesday’s highs at 1.1625 to session lows just below 1.1520 so far. Fading hopes of a swift end to the Iran war have reactivated risk-off … [Continue reading]
Switzerland Consumer Price Index (MoM) below expectations (0.5%) in March: Actual (0.2%)
Gold witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar demand. Addressing the nation, US President Donald … [Continue reading]
Japanese Yen softens after Trump Iran war remarks
The USD/JPY pair gains momentum to near 159.20 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) following US President Donald Trump’s speech from the White House. Trump said on Thursday … [Continue reading]
Asia FX: Defensive Dollar bias with KRW and INR vulnerable – TD Securities
TD Securities’ Alex Loo and Jayati Bharadwaj argue that Asia faces a dual shock from higher Oil prices and rapidly depleting inventories, hitting growth and lifting inflation. They see Asian central banks prioritizing growth, limiting rate hikes. … [Continue reading]
FX Today: Trump and the US labour market come to the fore
The US Dollar (USD) kept its bearish impulse well in place for the second day in a row on Wednesday, this time retreating from recent multi-month tops on the back of the marked improvement in the risk-associated universe and rising hopes of a … [Continue reading]
United States Retail Sales ex Autos (MoM) above forecasts (0.3%) in February: Actual (0.5%)
GBP/USD continues to push higher after closing in the green on Tuesday and trades above 1.3300 in the European session on Wednesday. The British currency gains as demand for riskier assets improves at the expense of the safe-haven US Dollar, … [Continue reading]