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USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
USD/CAD weakens to around 1.3950 in Tuesday’s early Asian session. Moody’s downgrades the US credit rating to ‘AA1’, weighing on the US Dollar. A dovish turn from the BoC has fueled speculation of a June rate cut. The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower
Fed's Bostic: Thinks rates in the US are mildly restrictive
Fed’s Bostic: Thinks current US rates are mildly restrictive. Is sticking with his one rate cut view or 2025, but does depend on how the tariff situation plays out Hope that as the summer progresses, will get more clarity This article was written by Greg Michalowski at www.forexlive.com. Source link
GBP/USD rallies on Brexit reset deal, dollar weakness
On pace for its best six-monthly performance in over four years, 2025 has proven an interesting year for GBP/USD. In today’s session, GBP/USD trades higher on renewed trade policy optimism and a weaker dollar. Key Takeaways Following the announcement of a major UK-EU trade deal this morning, GBP/USD trades +0.49% higher in today’s session, at
Mexican Peso firms as US Dollar softens and Treasury yields climb
The Mexican Peso gains ground against the US Dollar as Moody’s downgrade of US sovereign debt weighs on the Greenback. The Federal Reserve is set to review the discount rate on Monday, potentially influencing short-term funding conditions. USD/MXN trades cautiously below the key psychological resistance at 19.50, reflecting broader Dollar weakness. The Mexican Peso (MXN)
Euro jumps as Eurozone core CPI rises
The euro is sharply higher on Monday. In the North American session, EUR/USD is trading at 1.1250, up 0.79% on the day. Euro CPI and core CPI unchanged in final reading Eurozone headline inflation was confirmed at 2.2% y/y and 0.6% m/m in April, unchanged from the preliminary estimates. The core rate was also confirmed
Trade of the week: long GBP/USD
(Video Transcript) This week’s trading opportunity Axel Rudolph: Hello, and welcome to “Trade of the week” on Monday 19th May, 2025. And, let’s look at today’s trade, which is to go long GBP/USD because the US debt was downgraded by Moody’s on Friday and also because of the recent trade deal, or the announcement of a possible trade
How to Trade Dogecoin: A Step-by-Step Guide for Beginners
2025.05.19 2025.05.19 How to Trade Dogecoin: The Beginner’s Journey to Buying DOGE Michael Hypovhttps://www.litefinance.org/blog/authors/mikhail-hypov/ Dogecoin (DOGE) has evolved from a digital currency initially regarded as a meme currency with a cute dog symbol created by Billy Markus and Jackson Palmer into a prominent asset. Moreover, the DOGE acronym also refers to the Department of Government
USD/JPY Forecast: US Credit Downgrade Weighs on Dollar
The USD/JPY forecast shows further dollar weakness. US consumer sentiment came in at 50.8 compared to expectations of 53.1. Trump’s tariff threats caused some uncertainty in the market. The USD/JPY forecast shows further dollar weakness after a downgrade to the US government’s credit rating. At the same time, market participants were worried about progress on
Euro and Pound Rally on UK-EU Pact, Dollar Wobbles
Euro and Sterling surged today after the UK and EU unveiled a sweeping new agreement resetting their defence and trade relationship, the most substantial since Brexit in 2020. The comprehensive deal spans key sectors including security, energy, travel, trade, and fisheries. UK Prime Minister Keir Starmer hosted European Commission President Ursula von der Leyen in
Vodafone And BT Earnings Preview: UK Telecom Giants Face Crucial Test
BT is addressing a £100 million increase in costs due to changes in employer National Insurance contributions and minimum wage hikes, leading to intensified cost transformation strategies and potential pricing adjustments. The effectiveness of these cost control measures will be a key area of focus in the results. Network expansion remains central to BT’s strategy, with
RBA Set for Hawkish Rate Cut. Forecast as of 19.05.2025
2025.05.19 2025.05.19 RBA Set for Hawkish Rate Cut. Forecast as of 19.05.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Reserve Bank of Australia has historically embraced the principle that consistent and gradual progress is often the most effective approach. However, it has recently encountered significant headwinds. High rates can severely damage the Australian economy, so they should be lowered. What
Best Asia FX derivatives exchange: SGX FX
Listed FX volumes continue to set records on SGX FX’s flagship contracts as market participants seek secure and cost-efficient sources of liquidity in an increasingly uncertain trading environment KC Lam, SGX FX Trading on SGX FX went from strength to strength in 2024 as market turmoil took hold of the markets on the back of diverging interest rate
Eurozone April final CPI +2.2% vs +2.2% y/y prelim
Prior +2.2% Core CPI +2.7% vs +2.7% y/y prelim Prior +2.5% No changes to the initial estimates. The market is pricing 91% chance of another 25 bps cut at the June ECB meeting and a total of 51 bps of easing by year-end. The June cut might be hard to avoid, but it might also
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint
China’s industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March, the
Risk Mood Softens as Moody’s US Downgrade and Mixed China Data Dent Confidence
Global markets kicked off the week with a mild risk-off tone, driven by renewed concerns over US creditworthiness and mixed economic data out of China. Moody’s downgrade of the U.S. sovereign rating from Aaa to Aa1 late last Friday has cast a shadow over investor sentiment. Meanwhile, China’s latest data highlighted a fragile recovery with