GBP/USD slips below 1.34 as risk rally fades, US data disappoints The Pound Sterling depreciates against the US Dollar and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, the GBP/USD trades at 1.3379, down 0.29%. Read More… Pound
What to expect from Barclays earnings Barclays is set to report its first-quarter (Q1) earnings on Wednesday 30 April, with analysts expecting a significant 23% year-on-year (YoY) increase in pre-tax profits to approximately £8.1 billion. This impressive growth is expected to be driven largely by strong performance in its US investment banking division. The bank
The US GDP report is due out tomorrow and the consensus is -0.3% but I suspect the market shifted to a worse number in light of the poor trade balance data released today. “After this morning’s Advance Economic Indicators release from the US Census Bureau, the standard and alternative model nowcasts of the contribution of
The Japanese yen has steadied on Tuesday after surging 1.1% against the US dollar a day earlier. In the North American session, USD/JPY is trading at 142.19, up 0.13% on the day. Red-hot yen is up 10% in 2025 The yen is red-hot and shows no signs of slowing down against the struggling US dollar.
The forex markets are generally holding steady today, with all major pairs and crosses bounded within yesterday’s range. While month-end lull is at play, caution is also dominating sentiment as traders prepare for a heavy barrage of economic data scheduled from Wednesday through Friday. Key reports include US GDP and non-farm payrolls, along with Eurozone
United States Wholesale Inventories below forecasts (0.7%) in March: Actual (0.5%) Source link
Australia’s inflation rate has been dropping and we’ll get a look at first-quarter CPI on Wednesday. Annualized, inflation is expected to ease to 2.3% from 2.4% in Q4. The Q4 gain of 2.4% was the lowest reading since Q1 2021, driven by government subsidies for electricity and fuel, which dampened goods inflation. The RBA’s trimmed
Gold holds $3300 Spot gold pullback seems to have halted for now, with buyers once again stepping in on weakness below $3300.00. Should this level continue to hold, we may see a fresh move higher develop that challenges the recent highs. Meanwhile, a close back below $3300.00 would mark a change in the short-term outlook, and
The USD/JPY price analysis indicates an improvement in risk appetite. The US president said he was ready to reduce tariffs on automobiles. India will be the first to sign a trade deal with the US. The USD/JPY price analysis indicates an improvement in risk appetite following Trump’s promise to lower automotive tariffs. At the same
2025.04.29 2025.04.29 Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 29.04.2025 Roman Oneginhttps://www.litefinance.org/blog/authors/roman-onegin/ Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Major Takeaways BTCUSD: The price is expected to rise in subwave [1] to 97,800.00. XRPUSD: The price may climb
Prior -24.5; revised to -24.3 That’s a decent improvement but GfK warns that tariffs uncertainty is still very much weighing on the broader outlook. So, that will be a bigger factor to consider in the months ahead. This article was written by Justin Low at www.forexlive.com. Source link
Global trading remains subdued, with Japanese markets closed for Showa holiday and investors showing little urgency to take new positions. Canadian dollar saw some choppiness following election results, where the ruling Liberal Party retained power but fell short of a parliamentary majority. Despite the initial volatility, Loonie remained largely range-bound. Broader price action across currency
Online sports betting saw a huge spike in revenue in Q1. MGM Resorts International (NYSE:MGM) stock was surging on Monday, rising some 3% after the gambling stock released promising first quarter results within its BetMGM business. In its first quarter business update released on Monday, BetMGM reported a 34% year-over-year revenue increase in Q1. The
The latest projection is here: CTV projects Carney’s Liberals will form a minority government. This is less positive for the CAD if accurate. Sure enough …. CAD taking a hit: The USD is more broadly higher also, against EUR, AUD, Kiwi$, GBP This article was written by Eamonn Sheridan at www.forexlive.com. Source link
GBP/USD weakens to around 1.3425 in Tuesday’s early Asian session. Improved optimism over trade tension supports the US dollar and creates a headwind for the pair. Traders brace for the BoE’s Dave Ramsden speech later on Tuesday. The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured
