EUR/GBP jostled after BoE rate cote steps towards cuts. Officials from both central banks insist progress is being made. Friday to wrap up the trading week with UK GDP. EUR/USD cycled within familiar levels on Thursday as the pair’s respective … [Continue reading]
Mexican Peso edges up as inflation reaccelerates ahead Banxico’s decision
Mexican Peso strengthens as the USD/MXN drops 0.21%, following April’s hot inflation report Consumer Price Index data shows prices remain above Banxico’s target range, hinting it may hold rates at 11.00%. USD/MXN traders’ eye upcoming decisions from … [Continue reading]
USD/JPY grinds higher on US exceptionalism, weak Japanese data
USD/JPY pushes relentlessly higher as market forces overcome intervention attempts. The US Dollar is strengthening across the board as interest rates in the US diverge from the global trend. Weak Japanese wage data puts a dent in BoJ plan … [Continue reading]
BoE Interest Rate Decision: Declining UK inflation no match for bank’s commitment to status quo
UK central bank is seen keeping its policy rate intact at 5.25%. Bank of England is seen reducing its rates by 75 bps this year. GBP/USD should maintain its recent familiar range in the wake of the event. The Bank of England (BoE) … [Continue reading]
Australian Dollar holds ground after Chinese import data shows rise in April
The Australian Dollar could extend its losses due to the less hawkish stance of the RBA. Australian Retail Sales declined in the first quarter, swinging from the previous quarter’s growth. The US Dollar rose due to expectations of the … [Continue reading]
Japan JP Foreign Reserves down to $1B in April from previous $1290.6B
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]
GBP/JPY climbs above 194.50 as markets claw back ground after ‘Yenterventions’
GBP/JPY finds fresh highs after “Yenterventions” knocked pair lower. BoE rate call around the corner, UK GDP on Friday. BoE expected to hold rates steady, Gov Bailey speech anticipated. GBP/JPY is slowly grinding its way back up the chart after a … [Continue reading]
US Dollar trades in the green while equities look for direction
The US Dollar continous to outperforms against most major Asian peers on Wednesday. Traders are gearing up for back-to-back Fed speakers lined up. The US Dollar Index trades around 105.50 and is making this week’s net performance a … [Continue reading]
EUR/USD falls slightly amid risks of prolonged Fed-ECB policy divergence
EUR/USD comes down slightly to 1.0740 as the US Dollar rises amid a light US economic calendar. The ECB is expected to opt for cutting interest rates in June. Fed’s Kashkari sees no rate cuts this year due to the strong housing market. EUR/USD is … [Continue reading]
Gold price gains momentum, despite a firmer US Dollar
Gold price recovers despite the renewed USD demand on Wednesday. Investors place lower bets on the potential Fed interest rate cuts in 2024. The Fed’s (Fed) Philip Jefferson, Susan Collins, and Lisa Cook are scheduled to speak later on … [Continue reading]