FX Spot+: expanding liquidity access to OTC traders
The rationale behind the launch of FX Spot+ and what the market can expect from CME Group in the future Source link
New Zealand Dollar Soars on Strong Chinese data
The New Zealand dollar has surged on Monday. In the North American session, NZD/USD is trading at 0.5801, up 1.0% on the day. Earlier, NZD/USD rose as high as 0.5805, its highest level since Dec. 12. China posts strong retail sales and industrial production The New Zealand dollar received a huge boost today from better-than-expected
EU tees up possible responses to US tariffs
The European Commission is planning some retaliation and safeguards for its aluminum and steel industry, Reuters reports. To launch investigation on possible safeguard measures to counter US steel/aluminum tariffs Aims to propose carbon border levy ant0circumvention measures To extend scope of steel, aluminum-intensive downstream products Plans to propose amendment to carbon border levy Planning to
Dollar Edges Lower Post-Retail Sales, But Cautious Traders Keep Selling Momentum Limited
Dollar edged lower in early U.S. trading following weaker-than-expected retail sales data. However, the downside pressure remained limited, as investors took comfort in the fact that February’s sales growth marked a return to expansion after contraction in January. The data helped ease fears of an extended downturn in consumer spending, with markets breathing a sigh
EUR/USD gains as US Dollar declines, Fed’s policy takes centre stage
EUR/USD rises to near 1.0900 to start the week as investors await the Fed’s monetary policy decision on Wednesday. The Fed is widely anticipated to keep interest rates steady as the focus shifts to the dot plot and Powell’s comments. Greens’ signal to German debt restructuring deal and optimism over Russia-Ukraine peace could strengthen the Euro.
USD/CAD Outlook: CAD Soars as Ex-BoC Takes Office
The USD/CAD outlook shows renewed strength in the Canadian dollar. Former central banker Mark Carney took office as Canada’s new prime minister. Data on Friday revealed a sharp decline in US consumer confidence. The USD/CAD outlook shows strength in the loonie after a former Bank of Canada policymaker took office as Canada’s new prime minister.
Gold Technical Analysis – We got a new all-time high. Now what?
Fundamental Overview Gold extended the rally triggered by the soft US CPI into a new all-time high following the soft US PPI data on Thursday. The components that feed into the US Core PCE though increased the estimates for the next release. In the bigger picture though, as long as the Fed doesn’t change its
China Industrial Output, Retail Sales Rise More Than Forecast
China’s industrial production and retail sales expanded more than expected in the January to February period driven by fiscal stimulus but the property market remained a drag on the economy. Industrial production registered an annual growth of 5.9 percent but slower than the 6.2 percent rise in December, data from the National Bureau of Statistics
China Stimulus Fuels Asian Rally, But Market Caution Persists on US Outlook
Asian markets opened the week on a positive note, buoyed by stronger-than-expected economic data from China and optimism surrounding Beijing’s latest efforts to boost domestic consumption. Investors welcomed China’s “special action plan” aimed at stimulating household spending, which aligns with Premier Li Qiang’s government report last week that named consumption growth as a top priority.
USD/INR edges lower ahead of Indian WPI inflation data
The Indian Rupee gains traction in Monday’s Asian session. The weaker US Dollar broadly supports the INR, but higher crude oil prices might cap its gains. Investors brace for India’s February WPI inflation and US Retail Sales data, which are due later on Monday. The Indian Rupee (INR) strengthens on Monday. The concerns about slowing growth
Another Chinese province announces big subsidies to encourage consumption
China’s Zhejiang province has launched a trade-in subsidy program offering up to 15,000 RMB for new electric vehicle (EV) purchases and 13,000 RMB for gasoline-powered cars. This initiative aligns with national efforts to boost vehicle sales and promote cleaner transportation. Nationally, China has extended EV purchase tax exemptions through 2027, with a maximum exemption of
EUR/USD holds ground below 1.0900 ahead of US Retail Sales data
EUR/USD may find support from improving risk sentiment amid a potential ceasefire discussion between Trump and Putin this week. The US Dollar remains steady as traders exercise caution before the upcoming Retail Sales data release. The Euro strengthened after Germany agreed on a debt overhaul and a significant increase in state spending. EUR/USD remains steady
Singapore Non-Oil Exports for February 2025 +7.60% y/y (vs.expected +8.70% prior -2.10%)
Singapore Non-Oil Exports for February 2025 +7.60% y/y expected +8.70% prior -2.10% growth in both electronics and non-electronics sales y/y exports to the U.S., Taiwan, South Korea, Malaysia and the European Union increased in annual terms y/y exports to China, Hong Kong and Indonesia declined This article was written by Eamonn Sheridan at www.forexlive.com. Source
US envoy says Trump and Putin to hold call on ceasefire deal soon
Donald Trump’s envoy Steve Witkoff said on Sunday that he expected the US President to speak with Russian President Vladimir Putin this week, saying that Putin “accepts the philosophy” of Trump’s ceasefire and peace terms, per the Guardian. Last week, the United States and Ukraine decided to propose a 30-day ceasefire to Russia. While Putin said
Goldman Sachs: Brent crude decline driven by shift in market focus – softer US growth eyed
Brent crude oil prices have experienced a notable decline, falling from over $80 per barrel in mid-January to around $70 per barrel, despite relatively stable and low global inventories. According to Goldman Sachs, this downturn is not primarily driven by changes in supply fundamentals but rather by a shift in market sentiment. Earlier concerns centered
Weekend – China city Shenzen announced eased housing finance rules
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