The Indian Rupee weakens in Friday’s early European session. HSBC India Manufacturing PMI eased to 57.1 in February vs. 57.7 prior; Services PMI improved during the same reported period. Foreign outflows and the renewed Greenback demand … [Continue reading]
Japan Jibun Bank Manufacturing PMI below expectations (49) in February: Actual (48.9)
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than … [Continue reading]
Bittensor Price Analysis: TAO volumes surge 350% on Coinbase listing and Elon Musk’s bid for OpenAI
Bittensor price reached a 20-day high of $469 on Thursday, driven by multiple bullish catalysts. Recent TAO rallies have coincided with Coinbase’s listing announcement and Elon Musk’s bid to acquire OpenAI. TAO trading volumes increased by 350% since … [Continue reading]
GBP/USD rises above 1.2600 on weak US jobs data
GBP/USD climbs as soft US jobless claims data weakens Greenback. UK inflation above 3% reduces odds of aggressive BoE rate cuts. Traders eye Fed speakers and potential US-China trade deal signals. The Pound Sterling climbs against the Greenback and … [Continue reading]
Pound Sterling trades cautiously as BoE Bailey sees sluggish UK economic outlook
The Pound Sterling trades with caution against its major peers amid an uncertain UK economic outlook. The FOMC minutes showed on Wednesday that officials are worried about deepening upside risks to inflation. Investors await the UK Retail Sales … [Continue reading]
EUR/JPY extends decline below 157.00 on BoJ hike bets
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]