GBP/JPY hovers around 191.00, with trading subdued due to the Easter holiday. Technical indicators show potential for movement, with key levels at 191.57 and 190.74, marking immediate targets. Future direction hinges on breaking 192.00 resistance or … [Continue reading]
US core PCE inflation Preview: Monthly deceleration unlikely to tip Federal Reserve rate cut bets for June
The core Personal Consumption Expenditures Price Index is set to rise 0.3% MoM and 2.8% YoY in February. Markets see a strong chance of the Federal Reserve lowering the policy rate by 25 basis points in June. The revised Summary of Projections showed … [Continue reading]
Turkey Trade Balance declined to -6.77B in February from previous -6.23B
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]
China’s SAFE: Will steadily promote financial market opening
Speaking at the annual Boao Forum on Friday, Xu Zhibin, the deputy head of the State Administration of Foreign Exchange (SAFE), said that he “will steadily promote financial market opening.” Additional comments Will improve policies to facilitate … [Continue reading]
Gold price finishes Thursday’s session set to reach new all-time highs
Gold price soars to all-time high of $2,225, defying rising Treasury yields and a robust US Dollar. Fed Governor Waller's hawkish comments and upbeat US data were no excuse for the advance in Gold and the US Dollar. Market anticipation builds for the … [Continue reading]
Mexican Peso retreats as USD/MXN rises on Fed’s hawkish signals, strong US data
Mexican Peso slips from multi-year lows, reacting to optimistic US growth figures and labor market resilience. Strong US GDP growth in Q4 2023 and a robust labor market boosted the US Dollar, a headwind for the Mexican currency. Fed’s Waller remains … [Continue reading]
US Dollar retreats off the highs with uptick Continuing Claims taking the wind out of the rally
The US Dollar extends its rally to a three-day winning streak. Traders are diving into the Greenback on Fed’s Waller hawkish tilt. The US Dollar Index jumps to a new high for March. The US Dollar (USD) retreats from its … [Continue reading]
Ethereum sees spike in gas fees as inscriptions debut on blobs
Ethereum blobs create inscriptions at a record rate in the last two days. Nearly 40% of blobs account for Blobscriptions, similar to Ordinals on Bitcoin. ETH price gained 2% on the day. Ethereum’s (ETH) temporary and cost-effective … [Continue reading]
Australian Dollar moves sideways amid a stable US Dollar, US economic data awaited
Australian Dollar turns tepid amid a risk aversion sentiment on Thursday. Australia’s Retail Sales (MoM) increased by 0.3%, against the expected 0.4% and 1.1% prior. US Dollar corrects ahead of US GDP Annualized data due on Thursday. The Australian … [Continue reading]
GBP/USD attracts some sellers below 1.2620 on Fed Waller’s hawkish comments
GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. Fed’s Waller said there is no rush to cut the rate and may need to maintain the current rate for longer than expected. The dovish comments … [Continue reading]