The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) declined to 51.7 in April from 52.1 in March, the latest data published by Judo Bank and S&P Global showed on Wednesday.The Judo Bank Australian … [Continue reading]
Fed’s Kashkari: Can’t allow inflation expectations to get unanchored
Minneapolis Fed President Neel Kashkari warned that US tariffs act as a drag on economic growth and emphasised the central bank’s responsibility to prevent those trade measures from fuelling longer-term inflation.Key QuotesIndependent monetary policy … [Continue reading]
Eurozone Consumer Confidence came in at -16.7 below forecasts (-15.6) in April
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]
EUR/USD holds onto gains as Trump assaults Fed’s autonomy
EUR/USD sticks to gains near 1.1500 as the US Dollar has been battered by Trump’s attack on the Fed’s independence.Trump blames Fed Powell for the potential US economic slowdown.The ECB is expected to cut interest rates in June due to escalating … [Continue reading]
Japanese Yen retains its bullish bias amid tariff jitters; USD/JPY languishes near 140.00 mark
The Japanese Yen continues to attract safe-haven flows amid persistent trade-related uncertainties.BoJ rate hike bets also lend support to the JPY and weigh on the USD/JPY pair amid a weaker USD.Trump's threat to the Fed’s independence keeps the USD … [Continue reading]
USD/CAD remains on the defensive below 1.3850 amid Fed independence fears
USD/CAD remains under pressure around 1.3835 in Tuesday’s early Asian session. Concerns about the Fed’s independence and US economic slowdown drag the US Dollar lower. Lower crude oil prices might weigh on the Loonie and cap the pair’s … [Continue reading]
Forex Today: US Dollar sell-off continues as Trump attacks Powell once again
Here is what you need to know on Tuesday, April 22:The US Dollar (USD) accelerated its slump in thinned trading on Monday, as most Asian and European markets remained closed due to Easter Holidays. The Greenback fell to fresh multi-month lows against … [Continue reading]
EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages
EUR/GBP was last seen trading near the 0.8600 zone after modest gains in Monday’s sessionMACD signals buy while broader momentum remains neutralSupport builds around 0.8560 as moving averages continue to favor bullsThe EUR/GBP pair extended its … [Continue reading]
EUR/USD surges above 1.1500 as Trump attacks Fed’s independence
EUR/USD passes 1.1550 as US President Trump aims to remove Fed Chair Powell for not reducing interest rates.Escalating questions over the Fed’s independence have increased doubts over the USD’s credibility.The ECB is expected to cut interest rates … [Continue reading]
Japanese Yen seems poised to appreciate further against weaker USD amid trade woes
The Japanese Yen continues to attract safe-haven flows amid trade-related uncertainties.The divergent BoJ-Fed policy expectations also contribute to the USD/JPY pair’s decline.Slightly overstretched conditions on the daily chart warrant some caution … [Continue reading]