Global financial markets are largely steady ahead of a packed economic calendar, with traders bracing for volatility as Eurozone and US GDP figures, as well as US PCE inflation data, are due shortly. Despite negative signals from China’s latest PMI reports, and another round of trade headlines, market reactions remain muted. Risk sentiment is cautiously […]
German inflation remains a bit of a sticking point for the ECB. But at this point, the central bank can be thankful for a softening economic backdrop to reinforce their position on rate cuts. Core annual inflation in Germany was seen at 2.6% in March, so that will be again the key estimate to watch
NZD/USD lacks any firm intraday direction amid a combination of diverging forces. A positive risk tone supports the Kiwi, though a modest USD uptick caps the major. Mixed Chinese PMIs do little to provide any meaningful impetus to spot prices. The NZD/USD pair struggles to gain any meaningful traction during the Asian session on Wednesday
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
2025.04.29 2025.04.30 Weekly Economic Calendar for 05.05.2025–11.05.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Heightened volatility continues to shake markets. The upcoming week of 05.05.2025–11.05.2025 is also expected to be extremely volatile due to US and UK central bank meetings. Besides, market participants will focus on key macroeconomic data releases from Switzerland, the US, China, New Zealand, the Eurozone, and
EUR/JPY was observed trading around the 162.00 region, experiencing a slight pullback on the day. The overall technical analysis points towards a prevailing bullish sentiment for the currency pair. Key Simple Moving Averages indicate buying interest, while the Relative Strength Index is neutral, and the Moving Average Convergence Divergence suggests selling pressure. In the lead-up
Trump congratulated PM Carney on his election win the two agreed on the importance of Canada & the US working together as independent, sovereign nations agreed to meet in person in the near future This article was written by Eamonn Sheridan at www.forexlive.com. Source link
GBP/USD slips below 1.34 as risk rally fades, US data disappoints The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%. Read More… Pound
What to expect from Barclays earnings Barclays is set to report its first-quarter (Q1) earnings on Wednesday 30 April, with analysts expecting a significant 23% year-on-year (YoY) increase in pre-tax profits to approximately £8.1 billion. This impressive growth is expected to be driven largely by strong performance in its US investment banking division. The bank
The US GDP report is due out tomorrow and the consensus is -0.3% but I suspect the market shifted to a worse number in light of the poor trade balance data released today. “After this morning’s Advance Economic Indicators release from the US Census Bureau, the standard and alternative model nowcasts of the contribution of
The Japanese yen has steadied on Tuesday after surging 1.1% against the US dollar a day earlier. In the North American session, USD/JPY is trading at 142.19, up 0.13% on the day. Red-hot yen is up 10% in 2025 The yen is red-hot and shows no signs of slowing down against the struggling US dollar.
The forex markets are generally holding steady today, with all major pairs and crosses bounded within yesterday’s range. While month-end lull is at play, caution is also dominating sentiment as traders prepare for a heavy barrage of economic data scheduled from Wednesday through Friday. Key reports include US GDP and non-farm payrolls, along with Eurozone
United States Wholesale Inventories below forecasts (0.7%) in March: Actual (0.5%) Source link
