FX

Share: GBP/JPY has climbed above 160.00 as UK’s retail demand remained robust. Upbeat UK retail demand could keep inflation above double-digit figure. Going forward, the speech from BoJ Ueda will be keenly watched. The GBP/JPY pair has extended its recovery above 160.00 in the Asian session. The cross has get strength after the release of

Share: GBP/USD finished the week on a lower note after it reached 1.234, the high of the week, but retreated as sentiment dampened. On Friday, the GBP/USD is trading at 1.2228, retracing 0.47% at the time of typing. Read More… The GBP/USD pair comes under intense selling pressure on Friday and extends the overnight retracement

Share: EUR/USD is set to finish the week with decent gains of 0.89%. US economic data was mixed, though it portrays a deceleration of the economy. ECB policymakers remain focused on tackling high inflation levels in the Eurozone. As the New York session finished, EUR/USD fell 0.64% or 69 pips. A risk-on impulse did not

Share: Gold price back at $2,000 after Fed meeting. Economists at Commerzbank expect the yellow metal to see renewed downside pressure as the market will be forced to correct its expectation of a rapid interest rate turnaround again. Robust Swiss Gold exports to Asia in February “Currently the market expects key rates in the US

Share: St. Louis Federal Reserve President James Bullard said on Friday that the United States remains in a position to see disinflation in 2023. They will see if the Fed may need to react more. He sounded optimistic, by saying the he expected the Fed to be dealing more with the strong economy in the

Share: US Durable Goods Orders overview The US Census Bureau will publish the monthly Durable Goods Orders data for February at 12:30 GMT this Friday. The report is expected to show that headline orders rose by 0.6% during the reported month, which will represent a modest rebound from the 4.5% sharp fall reported in January.

Share: EUR/GBP has gauged an intermediate cushion around 0.8810 as BoE claims rapid inflation softening ahead. The BoE announced a 25 bps rate hike and pushed rates to 4.25% despite fears of banking turmoil. ECB Knot is in favor of further rate hikes in May as inflation is showing no signs of abating. The EUR/GBP

Share: EUR/USD extends its gains on Thursday. Economists at OCBC Bank expect the pair to continue its race higher. Is the ECB the only hawk in town? “EUR continued to trade higher amid softer USD, dovish Fed hike while hawkish comments from ECB officials suggest that ECB may be the only hawk in town.” “Daily

Share: USD/JPY is sensing hurdles around 131.50 as Yen’s solid appeal has faded the impact of Fed’s rate hike. Fed Powell has confirmed that rate cuts are not on the agenda in 2023. The recent US banking debacle cannot rule out the expectations of credit tightening for businesses and households. The USD/JPY pair is struggling to stretch

Share: EUR/USD keeps the upside bias near the 1.0800 region. ECB Lagarde said underlying inflation dynamics remain strong. The Fed is expected to hike rates by 25 bps at its meeting later. The buying interest around the European currency remains well and sound and pushes EUR/USD to the boundaries of the 1.0800 neighbourhood, or 5-week

Share: USD/JPY gains ground, as the rising US Treasury yields boost the currency pair. FOMC meeting takes center stage with markets converging on a 25 bps rate hike consensus. Banking development and diplomatic developments supporting USD/JPY resurgence. USD/JPY finds some respite on the back of rising US Treasury (UST) bond yields. U.S. Treasury Secretary Janet

Share: Germany’s ZEW Economic Sentiment deteriorated in March. EUR/USD bulls remain unperturbed by the downbeat ZEW surveys, near 1.0750. The German ZEW headline number showed that the Economic Sentiment Index worsened in March, arriving at 13.0 from 28.1 in January, missing the market expectation of 16.4. Meanwhile, the Current Situation Index came in at -46.5

Share: USD/CAD is likely to deliver a fresh downside below 1.3650 amid a weaker USD Index and oil price recovery. Led by the declining US inflation, Fed Powell might look for achieving the terminal rate with the least pace. Further softening of Canadian inflation would delight the Bank of Canada. The USD/CAD pair is demonstrating a

Share: Ever since the SVB and Credit Suisse banking woes have rippled through global markets interest rate expectations have rapidly changed. However, one potential upside from these shocks is that interest rate expectations are now sharply lower for the Fed. So, if the Fed signals a pause or a pivot on Wednesday will that surprise

Share: AUD/USD cheers risk-on mood, cautiously optimistic comments from RBA’s Kent. RBA’s Kent conveys soundness of Aussie banks, defends rate hike moves. Hopes that UBS buyout of Credit Suisse could tame bond market rout favor the sentiment. RBA Meeting Minutes, preliminary PMIs for March and FOMC Meeting are the week’s key events to watch for

Share: Next Thursday, the Bank of England (BoE) will announce its decision on monetary policy. A 25 basis point rate hike to 4.25% is expected. Analysts at Rabobank also see a quarter-point rate increase and warn that such scenario is not fully priced in the interest market, “which indicate that the chance of a hold

Share: On Wednesday, the Federal Reserve will announce its decision on monetary policy. Analysts at Danske Bank see the Fed raising rates by 25 basis points despite recent turmoil amid banking sector jitters.  Fed cannot afford to stop tightening monetary policy “This week, the ECB emphasized that there is no trade-off between inflation and financial

Share: GBP/USD declined toward 1.2100 during the European trading hours but regained its traction amid renewed US Dollar (USD) weakness. The pair seems to have stabilized at around 1.2150 in the American session and remains on track to end the week in positive territory. Read More… The GBP/USD pair builds on the previous day’s strong move