The Greenback made a U-turn, building on Wednesday’s post-FOMC recovery and climbing to weekly highs as investors reassessed the Federal Reserve’s lack of urgency in cutting rates. Here is what you need to know on Friday, March 21: The US Dollar Index (DXY) regained the smile and returned to the area beyond the 104.00 barrier […]
Bank of Canada (BoC) Governor Tiff Macklem is squeezing his money’s worth out of his appearance at the Calgary Economic Development meeting in Calgary, delivering further soundbites about the BoC’s stance in regards to inflation and tariffs to followup his earlier appearance. BoC Governor Macklem is selling a mutated forward guidance approach from the Bank
Brent Crude prices are experiencing volatility due to conflicting factors: increased US crude inventories but decreased fuel supplies, new US sanctions on Iran, and potential US tariffs. The possibility of extending Chevron’s license to operate in Venezuela is being considered. Technically, Brent Crude is trading within a tight range (70.18 – 72.39), with the RSI
Prior was 4.08m (revised to 4.09m) Sales up +4.2% vs -4.9% prior (revised to -4.7%) Median prices 3.8% vs +4.8% y/y prior at $398,400 Inventory at 3.5 months vs 3.5 months prior This week’s housing starts number was surprisingly strong but the NAHB home builder survey also deteriorated. This is another good number and suggests
Sterling is trading slightly firmer today, though it struggles against the rebounding Dollar and Yen. BoE’s rate decision leaned slightly more hawkish than expected, with only one member of the MPC, the known dove Swati Dhingra, voting for a rate cut. The rest supported keeping rates on hold. The overall tone of the statement remained
The Bank of England (BoE) kept its policy rate unchanged at 4.50% in its March meeting, as widely anticipated. However, the decision wasn’t unanimous — while eight policymakers backed the hold, just one (Swati Dhingra) pushed for a 25 basis point cut. BoE policy statement takeaways Policy statement keeps phrase: “A gradual and careful approach to
2025.03.20 2025.03.20 Pound Struggles to Extend Upside Against Greenback. Forecast as of 20.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The GBPUSD rally was driven by the US dollar’s weakness and an underestimation of the UK economy. Will the pound regain its position above 1.3, or will the recent tariffs implemented by the US administration hinder its progress? Let’s discuss
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Estonia’s producer prices increased markedly in February, figures from Statistics Estonia showed on Thursday. The producer price index rose 6.1 percent year-on-year in February after remaining flat in the previous month. The sharp growth in February was mainly driven by price increases in electricity production, in the manufacture of wood and wood products, and in
Germany Producer Price Index (YoY) came in at 0.7% below forecasts (1%) in February Source link
Asian markets are showing signs of mild risk-off sentiment today, with Hong Kong and China stocks retreating from recent gains. The weaker regional tone contributed to a stronger Yen. Additionally, Yen’s rebound is also fueled by post-FOMC Dollar softness. The technical picture suggests that the recent pullback in Yen against Dollar has likely run its
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Since the start of Donald Trump’s second US presidency, many of his tariff-related social media posts have tended to appear late New York time. This piles extra pressure on the Asia trading session when G10 currencies are less liquid and creates risk management challenges for foreign exchange options market-makers. Barry McCarthy, head of FX derivatives
The Bank of England is expected to hold interest rates steady at 4.50% at its meeting today, with a potential 8-1 vote split. Sticky inflation remains a key concern for the BoE, influencing their cautious approach to rate cuts. Post-meeting comments and economic data will be crucial for market movement and potential volatility in the
