Economic confidence from Germany and foreign trade data from the euro area are the top economic news due on Tuesday. At 4.00 am ET, the State Secretariat for Economic Affairs releases Swiss Spring economic forecast. Also, foreign trade data is due from Italy. At 6.00 am ET, Germany’s ZEW economic sentiment survey results are due. […]
There are a couple to take note of on the day, as highlighted in bold. The first one is for EUR/USD at the 1.0900 mark. That could act as a bit of a magnet in locking price action near the figure level in the session ahead. Then again, if the risk mood starts to improve
The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of central bank event risks. The Japanese Yen (JPY) retains its negative bias amid a modest
Vandals have damaged around 20 Tesla (TSLA) vehicles at a dealership Japan finance minister Kato says bond market should determine yield movements More on reports an Iranian ship has been sunk – still unconfirmed Gold hits an all-time record high above US$3005 PBOC sets USD/ CNY central rate at 7.1733 (vs. estimate at 7.2264) Reports
USD/CAD softens to around 1.4290 in Monday’s late American session. US Retail Sales rose softer than expected in February, weighing on the US Dollar. Crude Oil prices edge higher due to geopolitical risks, supporting the commodity-linked CAD. The USD/CAD pair remains on the defensive near 1.4290 during the late American session on Monday. The US dollar
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
The Dow Jones rallied 600 points on Monday as the index extends its rebound. Equities are recovering their stance after a recent plunge on geopolitical concerns. US Retail Sales figures from February recovered, but not by much. The Dow Jones Industrial Average (DJIA) climbed around 600 points on Monday as equities continue to claw back
Zain Vawda Market Analyst Zain is an experienced financial markets analyst and educator with a rich tapestry of experience in the world of retail forex, economics, and market analysis. Initially starting out in a sales and business development role, his passion for economics and technical analysis propelled him towards a career as an analyst. He
The rationale behind the launch of FX Spot+ and what the market can expect from CME Group in the future Source link
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
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 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 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.
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.
