US economy contracts 0.3% in Q1, missing forecasts and raising stagflation concerns.Inflation accelerates with Q1 price index at 3.7%, Core PCE at 2.6% in March.ADP jobs data disappoints; traders shift focus to NFP and ISM Manufacturing PMI.The Pound … [Continue reading]
US Dollar edges higher ahead of top-tier PCE and GDP data releases
The US Dollar trades slightly higher against most major currencies. President Trump lashed out at Fed’s Powell again during a rally in Detroit. The US Dollar Index is capped below the 100.00 round level ahead of key US data. The US … [Continue reading]
EUR/GBP holds positive ground near 0.8500 as traders await German, Eurozone GDP data
EUR/GBP gains traction to around 0.8500 in Wednesday’s early European session.Retail Sales in Germany rose 2.2% YoY in March.Traders expected the BoE to cut its rate by a quarter-point to 4.25% in the May policy meeting.The EUR/GBP cross trades in … [Continue reading]
Australian Treasurer Chalmers: Market expects more interest rate cuts after inflation figures
Australian Treasurer Jim Chalmers said on Wednesday that “the market expects more interest rate cuts after inflation figures.”He added: “(I) don't see anything in these numbers that would substantially alter market expectations.” Information on … [Continue reading]
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
EUR/JPY was observed trading around the 162.00 region, experiencing a slight pullback on the day.The overall technical analysis points towards a prevailing bullish sentiment for the currency pair.Key Simple Moving Averages indicate buying interest, … [Continue reading]
USD/CHF holds ground after tariff relief, jobs data
USD/CHF trades near the 0.8900 zone after US Commerce Secretary unveiled auto industry relief plans and risk sentiment improved slightly.Dollar demand remains supported by trade developments and weaker-than-expected US labor data fueling monetary … [Continue reading]
EUR/USD drops as ECB officials highlight downside risks to Eurozone inflation
EUR/USD faces slight pressure above 1.1400 as the US Dollar steadies, with investors seeking clarity on the US-China trade outlook.US Treasury Secretary Bessent has put the responsibility for the US-China trade progress on Beijing.ECB officials … [Continue reading]
EUR/USD: Watch price action – OCBC
Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to moderate the pace of rally in EUR. EUR was last seen at 1.1390 levels, OCBC's FX analysts … [Continue reading]
Japanese Yen keeps the red amid positive risk tone; downside seems limited
The Japanese Yen attracts some sellers as easing trade tensions undermines safe-haven demand.Hopes for a US-Japan trade deal and geopolitical risks should help limit any meaningful downfall.The divergent BoJ-Fed policy expectations should further … [Continue reading]
EUR/USD drifts lower to near 1.1400 on tariff uncertainty
EUR/USD softens to around 1.1415 in Tuesday’s early Asian session.Bessent said it’s up to China to de-escalate the trade war.Traders raise their bets on the ECB rate reductions. The EUR/USD pair edges lower to near 1.1415 during the early Asian … [Continue reading]