Germany’s private sector grew at the fastest pace in ten months in March amid a robust rebound in manufacturing production, flash survey results published by S&P Global revealed Monday. The flash HCOB composite output index rose to 50.9 in March from 50.4 in February. This was the highest score since last May but it remained […]
Our considerations above on somewhat fading optimism on a speedy ceasefire in Ukraine have likely contributed to softer EUR momentum, ING’s FX analyst Francesco Pesole notes. EUR/USD to return above 1.090 by Wednesday “EUR/USD is still around 1% above our estimate for its short-term fair value, as a two-year swap rate gap around -150bp is
The USD/CAD forecast shows caution ahead of more US tariffs. Data on Friday revealed weaker-than-expected consumer spending in Canada. Experts believe the dollar will recover with more tariffs. The USD/CAD forecast shows caution as market participants await clarity on Trump’s next tariff moves. The Canadian dollar ended last week higher but remains vulnerable as traders
2025.03.24 2025.03.24 US Dollar Counts on ‘Liberation Day’. Forecast as of 24.03.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The United States’ protectionist measures are intended to address the foreign trade deficit. While this objective may be achieved, it is unlikely to be accomplished through implementing tariffs. Europe and China will likely focus on domestic demand, reducing exports. Let’s discuss
Will conduct appropriate monetary policy to achieve 2% target in stable, sustainable manner Will not rule out possibility of selling BOJ government bond holdings Just some token remarks with it being a continuation from his earlier commentary here. This article was written by Justin Low at www.forexlive.com. Source link
Yen weakened broadly in a relatively quiet Asian session, dragged down by disappointing PMI data. The worrying sign is that both manufacturing and services sectors are now in contraction, pointing to growing signs of weakness in Japan’s economy. Despite expectations that BoJ will raise interest rates further this year, supported by strong wage growth, today’s
There are just a couple to take note of on the day, as highlighted in bold. They are both for EUR/USD at the 1.0800 and 1.0850 levels. With sellers continuing to keep near-term control, this should continue to lock down price action for the pair within the range. That before we get to the euro
USD/CAD struggles to gain any meaningful traction on Monday amid mixed cues. Fed rate cut bets prompt some USD selling and act as a headwind for the major. Softer Oil prices and Canadian politics undermine the Loonie and lend support. The USD/CAD pair kicks off the new week on a softer note amid the emergence
Malaysia is preparing to tighten its oversight of semiconductor exports, particularly shipments of high-end Nvidia AI chips, in response to U.S. pressure to prevent illicit flows to China. Trade Minister Zafrul Aziz said the U.S. has asked Malaysia to ensure chips only reach approved data centres, in line with Washington’s broader export controls aimed at
The manufacturing sector in Japan continued to contract in March, and at a faster pace, the latest survey from Jibun Bank revealed on Monday with a manufacturing PMI score of 48.3. That’s down from 49.0 in February, and it moved further beneath the boom-or-bust line of 50 that separates expansion from contraction. Though modest, the
![S&P 500, Nasdaq 100 and top tech stocks [Video]](https://i0.wp.com/editorial.fxsstatic.com/images/i/General-Stocks_2_Large.png?w=1024&resize=1024,1024&ssl=1 "S&P 500, Nasdaq 100 and top tech stocks [Video]")
Summary: Analyzing both bullish and bearish Elliott Wave counts for the SP500 and NASDAQ. The focus is on treating current market lows as completed and identifying how and when to enter long trades. As the rally from the lows may still be either impulsive or corrective, a cautious and tactical approach is required on the
The manufacturing sector in Australia continued to expand in March, and at a faster pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 52.6. That’s up from 50.4 in February, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. The survey also
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
This info comes via a Bloomberg piece (gated). In brief: Bank of America forecast AUD/USD to 0.68 be December 2025: Australian dollar gradual recovery seen from Q2 2025 driven by USD depreciation and then by China stimulus (lagged impact) in H2 2025 RBA higher terminal policy rate due to the stickiness of inflation also a
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
Mark Carney announced an April 28 election, as was widely reported last week. He went straight into campaign mode and proposed reducing the lowest income tax bracket by one percentage point. Polls between the Liberals and Conservatives are tight and that will make for an interesting five-week campaign. This article was written by Adam Button
UPCOMING EVENTS: Monday: Australia/Japan/EU/UK/US Flash PMIs. Tuesday: German IFO, US Consumer Confidence. Wednesday: Australia Monthly CPI, UK CPI, US Durable Goods Orders, BoC Minutes. Thursday: US Final Q4 GDP, US Jobless Claims. Friday: Tokyo CPI, BoJ Summary of Opinions, UK Retail Sales, French CPI, Canada GDP, US PCE, University of Michigan Consumer Sentiment (Final). Monday
