Summary: China’s central bank has moved to ease constraints in the FX market, announcing it will cut the foreign-exchange risk reserve ratio for forward FX sales to 0% from 20%, effective March 2. The decision by the People’s Bank of China (PBOC) removes a macro-prudential tool that had been in place since September 2022, when […]
The GBP/USD pair loses ground to near 1.3485 during the early Asian session on Friday. The Pound Sterling (GBP) weakens against the Greenback amid rising UK political uncertainty surrounding the Gorton and Denton by-election. Manchester’s Gorton and Denton constituency was held on Thursday. The result is still being counted and is expected on Friday between 3:00
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The value of retail sales spiked 1.8 percent on year in January, the Ministry of Economy, Trade and Industry said on Friday – coming in at 12.954 trillion yen. That beat expectations for an increase of 0.1 percent following the 0.9 percent decline in December. On a seasonally adjusted monthly basis, retail sales jumped 4.1
Major banks reaffirm confidence in NVIDIA’s AI growth runway, lifting targets and flagging multi-year demand visibility. Summary: JPMorgan maintains Buy, lifts price target to $265 from $250 UBS reiterates Buy, keeps $245 target UBS says it’s “hard to see” why shares remain rangebound Analysts point to stronger guidance, demand visibility, backlog into 2027 Street sees
Traders have caught a scary wave of profit-taking after yesterday’s record-beating Nvidia earnings ($68.13! +70% y/y), which initially sparked a pump-and-dump price action in Equity Markets. The headwind for the Market has been a persistent search for reasons to take some profits after historic gains, and, logically, so given the miraculous gains throughout 2025. But
Standard Chartered economists Carol Liao and Shuang Ding expect China to set a 2026 GDP growth target of 4.5–5.0% at the National People’s Congress, slightly below 2025. Fiscal policy should stay supportive but less aggressive, while monetary policy remains moderately accommodative with a focus on liquidity. Policy support with structural priorities “China is likely to
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Oil is quickly lower by $1 on these headlines and now flat on the day. The minister said talks with resume soon after consultations in the respective capitals. There will be further discussions next week. A separate CNN report said Iran affirmed it will never have nuclear weapons. Update: A report on Iranian TV says
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
EUR/USD eases on Thursday, trimming earlier intraday gains as a firmer US Dollar (USD) weighs on the Euro (EUR). At the time of writing, the pair is trading around 1.1794, retreating from the daily high of 1.1829. The Greenback gains traction following stronger-than-expected weekly jobless claims data, while fading expectations of a near-term Federal Reserve
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FX markets are subdued, with major pairs largely contained within recent ranges. Dollar is edging higher from earlier lows, but the move lacks follow-through amid a strong risk-on backdrop. Yen staged a mild recovery after hawkish signals from BoJ officials, yet it remains the week’s worst performer. Risk-on dynamics continue to outweigh policy rhetoric. For
The US dollar is kicking off the session mixed. EURUSD and GBPUSD are lower (firmer USD), while USDJPY is also lower (softer USD vs JPY). As we head toward the North American session and the end of the week, the focus shifts to whether these pairs can break out of tight ranges and establish clearer
For Ether to become medium-term bullish it not only needs to hold above its 24 February low at $1803.64 but also rise and close on a daily basis above its 8 February high and February 2025 low at $2149.30 – $2152.44. Such an advance may put the $2,00 region back on the cards. Macro backdrop
Eurozone bank lending to businesses slowed in January, while growth in loans to households remained stable, the European Central Bank said Thursday. Adjusted loans to businesses grew at a pace of 2.8 percent in January, which was weaker than December’s 3.0 percent increase. At the same time, loans to households increased at a steady pace
Commerzbank’s Michael Pfister notes that some European central bankers, including at the ECB and Riksbank, are increasingly worried about a strong Euro as the US Dollar weakens. He argues EUR/USD still looks undervalued on purchasing power parity, so concerns focus on the speed of appreciation and its impact on imported inflation rather than valuation overreach.
