EUR/USD set aside two straight daily gains and drops below 1.0400. The US Dollar gathered some steam ahead of key US jobs report. The US Nonfarm Payrolls takes centre stage at the end of the week. EUR/USD came under renewed selling pressure on … [Continue reading]
EUR/GBP rallies to near 0.8380 after BoE’s dovish interest rate decision
EUR/GBP refreshes weekly high near 0.8380 after the BoE reduced its interest rates by 25 bps to 4.5%, as expected. Surprisingly, BoE policymaker Catherine Mann supported a larger-than-usual interest rate reduction of 50 bps. The BoE sees a temporary … [Continue reading]
Spain 30-y Bond Auction: 3.691% vs previous 3.877%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
BoJ’s Tamura: Not saying that the neutral rate should be 1%
Bank of Japan (BoJ) board member Naoki Tamura is back on the wires, via Reuters, clarifying his earlier remarks on the central bank’s interest rate. Key quotes Not saying that neutral rate should be 1%. Difficult to specify terminal rate at this … [Continue reading]
Australia’s Trade Surplus decreases to 5,085M MoM in December vs. 7,000M expected
Australia’s trade surplus decreased to 5,085M MoM in December versus 7,000M expected and 6,792M (revised from 7,079M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics … [Continue reading]
Fed’s Goolsbee: Can’t ignore threats to supply chains like tariffs
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed's ability to accomplish its task of … [Continue reading]
US Dollar dips with ADP, S&P Global and ISM data all painting mixed picture
The US Dollar looks unable to recover earlier losses this Wednesday against most major peers on Wednesday. Despite upbeat ADP and S&P Global PMI data, ISM data contradicts. The US Dollar Index (DXY) keeps testing major support at … [Continue reading]
Fed sticks to hawkish rhetoric, according to FXS Fed Sentiment Index
Following the first policy meeting of the year, the Federal Reserve (Fed) announced that it left the policy rate unchanged at 4.25%-4.5% in a widely anticipated decision. In its policy statement, the Fed acknowledged that inflation data has been … [Continue reading]
EU prepares to hit Big Tech in retaliation for Trump’s tariffs – FT
Citing two officials with knowledge of the plans, the Financial Times (FT) reported on Wednesday that the European Commission is preparing to deploy its “anti-coercion instrument” (ACI) in a potential retaliation to US President Donald Trump’s … [Continue reading]
NZD/USD hovers around 0.5650 following labor market data, China’s Services PMI
NZD/USD remains silent following the release of domestic employment figures on Wednesday. China's Services PMI dropped to 51.0 in January from 52.2 in December, falling short of the expected 52.3. Traders anticipate Friday’s US Nonfarm Payrolls … [Continue reading]