United States EIA Natural Gas Storage Change below forecasts (-188B) in February 14: Actual (-196B)
United States EIA Natural Gas Storage Change below forecasts (-188B) in February 14: Actual (-196B) Source link
Uncategorized
USD/JPY Outlook: Investors Flock to Yen Amid Tariff, Geopolitics
The USD/JPY outlook suggests a scramble for safety in the yen. The US president announced a likely 25% tariff on automobiles. The FOMC meeting minutes revealed inflation worries due to Trump’s trade policies. The USD/JPY outlook suggests a scramble for safety in the yen as market participants worry about Trump’s tariffs. At the same time,
Trump’s tariff threats stress London gold market
The London gold market is facing a mounting structural crisis. Bullion banks that lend precious metals to producers and each other moved over 200 tonnes of gold to New York in January in response to US President Donald Trump’s tariff threats, leaving the London market desperately short of physical supplies. Dealers in London routinely borrow
S&P and NASDAQ index trade to new session highs
The S&P and NASDAQ indices are positive on the day and trading near session highs. S&P index is up 14.15 points or 0.23% at 6143.79. Yesterday index closed at a record high. Anything positive today would be a another record high NASDAQ index is up 40 points or 0.20% at 20081 The Dow industrial average
For AI’s magic hammer, every problem becomes a nail
For AI’s magic hammer, every problem becomes a nail – FX Markets End of drawer navigation content Skip to main content Risk.net survey finds banks embracing a twin-track approach to AI in the front office: productivity tools today; transformation tomorrow Hammers are great at knocking in nails. It’s the job for which they were made.
Trade and inmigration pose risks to inflation
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All
Sterling Unmoved by CPI Surprise, Gold to Try 3000 Again ahead of FOMC Minutes
The forex markets remain rather indecisive today. Traders are paring back expectations for BoE rate cuts after UK inflation surged to a 10-month high. A March rate cut is now off the table, and markets are no longer fully pricing in two BoE cuts this year. However, this shift has provided only minimal support for
UK inflation jumps to 3%, pound eyes FOMC minutes
The British pound continues to have an uneventful week. In the European session, GBP/USD is trading at 1.2595, down 0.13% on the day. UK inflation hits 3% in January Consumer inflation in the UK rose to 3% y/y in January, a sharp rise from the 2.5% gain in December and higher than the market estimate
RBA Cuts Cash Rate Contrary to Market Odds. Forecast as of 19.02.2025
2025.02.19 2025.02.19 RBA Cuts Cash Rate Contrary to Market Odds. Forecast as of 19.02.2025 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The decline in cash rate from 4.35% to 4.1% does not mean that the monetary expansion cycle will continue in line with market expectations. This was the conclusion of the Reserve Bank of Australia, which supported the AUDUSD pair.
S&P 500 Technical Analysis – The market is flirting with a new all-time high
Fundamental Overview The S&P 500 is back around the all-time highs after a strong rally triggered by the benign US PPI and the Trump’s reciprocal tariffs announcement. In fact, despite a higher than expected US PPI report, the details that feed into the Core PCE index, which is what the Fed focuses on, were all
EUR/USD Forecast: Peace Deal Uncertainty Weighs on Eur
The EUR/USD forecast indicates declining hopes for a near-term end to the Ukraine war. Ukraine’s president postponed his journey to Saudi Arabia. Market participants are looking forward to the FOMC meeting minutes. The EUR/USD forecast indicates declining hopes for a near-term peace deal to end the Russia-Ukraine war. While this hurts the euro, the dollar
EUR/GBP remains capped below 0.8300 after hotter UK CPI data
EUR/GBP softens to around 0.8285 in Wednesday’s early European session. UK CPI inflation rose to 3.0% YoY in January vs. 2.8% expected. The dovish stance from the ECB might drag the Euro lower. The EUR/GBP cross weakens to near 0.8285 during the early European trading hours on Wednesday. The Pound Sterling (GBP) edges higher against the
Kiwi Wobbles After RBNZ Cut, Markets Eye UK CPI and FOMC Minutes
New Zealand Dollar initially weakened following RBNZ’s 50bps rate cut today, but quickly regained ground as Governor Adrian Orr indicated that the pace of easing will slow in the coming months. Orr suggested that the central bank is likely to implement just more 25bps cuts, in April and May, provided that economic conditions unfold as
Review of the main events of the Forex economic calendar for the next trading week (24.02.2025 – 02.03.2025)
2025.02.17 2025.02.19 Economic Calendar for the Week 24.02.2025 – 02.03.2025 Jana Kanehttps://www.litefinance.org/blog/authors/jana-kane/ Trump and his unexpected statements have once again captured the attention of market participants. Since taking office, the newly elected US President seems to be the main newsmaker. His remarks continue to stir the markets, driving the US dollar to new highs and
Bitcoin’s Path to $500K: Institutional interest grows amid (trimmed) regulatory hopes
Bitcoin’s journey toward a potential $500,000 price target by 2029 is gaining momentum as institutional interest continues to strengthen. Standard Chartered highlights that improved regulatory frameworks and reduced market volatility could attract more buyers, laying the foundation for long-term growth. Encouraging Q4 data from the U.S. Securities and Exchange Commission shows hedge funds leading the