Citi flags risk of three BOJ hikes if yen stays weak. Citi puts USD/JPY at the centre of the BOJ reaction function, with 160+ the level that could drag rate hikes forward. Summary: Citi’s Hoshino sees risk of three BOJ hikes if yen stays weak USD/JPY > 160 could bring an April move to 1%
EUR/USD edges higher on Monday up by more than 0.40% as traders ditch the US Dollar as risk appetite deteriorates following Trump’s decision to escalate the US-European Union trade war amid the White House interests over Greenland. The pair trades at 1.1642 after bouncing off daily lows of 1.1576. Euro rebounds sharply as tariff threats
Malaysia will on Tuesday release December figures for imports, exports, trade balance and inflation, highlighting a light day for Asia-Pacific economic activity. In November, imports were up 15.8 percent on year and exports rose an annual 7.0 percent for a trade surplus of MYR6.10 billion. Overall consumer prices were flat on month in November and
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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
It’s been a rough start to the year for natural gas as prices have fallen back to October levels but help is on the way with a cold forecast for the eastern USA. That has February natural gas up 15% today, through only to a one-week high. The strong start to the gas withdrawal season
Gold (XAU/USD) rallies on Monday after falling to a four-day low on Friday, edging up more than 1.50%, and hovers near the $4,700 figure after reaching a new all-time high courtesy of geopolitical uncertainty amid the US-European Union trade-war escalation over the weekend. XAU/USD trades at $4,672 at the time of writing. Bullion rebounds sharply
American traders are off today, and it would be easier on them if they were the only ones trading US products (like Canada, for example). Unfortunately, the entire world is trading and selling US products even when traditional markets are closed. That’s what it is to represent the global reserve currency. After this weekend’s renewed
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Greenland dominated global headlines today as geopolitical risk surged back into focus. What had previously looked like an unusual diplomatic dispute escalated sharply over the weekend, forcing markets, governments, and corporates to reassess transatlantic relations and the risk of renewed trade war. The escalation followed a pledge by US President Donald Trump to impose 10%
(Partial video transcript) This week’s trading outlook Hello and welcome to this week’s “Trade of the week”, which is to stand aside. Yes, that’s right – do nothing. You are trying to trade in a very highly volatile environment at the moment, with everything that’s going on with regards to the United States (US) President and Europe.
Prior was 2.2% Inflation m/m -0.2% vs +0.1% prior BOC core 2.8% vs 2.9% prior BOC core m/m -0.4% vs -0.1% prior Core CPI % m/m +0.2% vs +0.2% prior CPI median +2.5% vs +2.8% expected CPI trim +2.7% vs +2.8% expected CPI common +2.8% vs 2.8% prior Ex gasoline +3.0% vs +2.6% prior The
Slovakia’s EU measure of inflation increased in December after remaining stable in the previous month, data from the Statistical Office of the Slovak Republic showed on Monday. The EU measure of the harmonized index of consumer prices, or HICP, rose 4.1 percent year-on-year in December, faster than the 3.9 percent increase in November. Inflation based
The Chinese economy grew by 5% last year – but this should come as no surprise to anyone. After all, this was the goal of the Chinese Communist Party, and Xi Jinping had already mentioned a few weeks ago that the growth target had been achieved. Beneath the surface, however, there are still some very
European markets retreat on trade uncertainty European equity markets suffered their steepest decline in over two months as Donald Trump’s fresh tariff threats sent investors scrambling for safety. The STOXX 600 fell approximately 1%, marking the most significant single-day drop since early November. The FTSE 100 demonstrated relative resilience, declining roughly 0.5% as defensive sectors provided support.
In retaliation, the EU looks set to void the US-EU trade truce deal agreed last year, as France plans to push the EU to activate its most powerful trade retaliation tool, the anti-coercion instrument, to be used for the first time against the US. All in all, EU officials have aimed to introduce more retaliatory
On Monday, the CAC 40 index declined by 1.4% to approximately 8,160, marking its lowest point since the end of last year. This downturn was primarily driven by heightened trade tensions between the United States and Europe, which adversely affected investor optimism. U.S. President Donald Trump issued a threat to implement a 10% tariff on
