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 […]
Dealers are seeing renewed hedge fund interest in the Hong Kong dollar carry trade due to the wide gap between Hong Kong and US rates, after many were stopped out on similar trades in early May. “Hedge funds [and] fast money [accounts], which reduced some of their long USDHKD position in early May during the
EUR/USD advances as lower US inflation sparks calls for aggressive Fed rate cuts. Trump urges full percentage point cut in Fed funds rate post-CPI. ECB policymakers cautious, but inflation outlook hints at further fine-tuning. The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a
Despite a cooler-than-expected Consumer Price Index (CPI) reading, Goldman Sachs anticipates that the Federal Reserve’s preferred inflation measure—the core Personal Consumption Expenditures (PCE) index—likely rose by 0.2% in May, up from 0.1% in April. This increase would elevate the year-over-year core PCE rate to 2.6% from 2.5% . The projected rise is attributed to the
Elior Manier Market Analyst Elior brings over seven years of experience in financial markets to our analyst team. Since 2018, he has actively engaged in observing, charting, and trading, driven by his passion for mastering market dynamics. With a profound understanding of the geopolitical and macroeconomic forces that shape market movements, Elior focuses on analysing
GBP/USD climbs as US CPI miss fuels Fed rate cut bets GBP/USD holds above 1.3500 as USD loses strength after CPI Pound Sterling edges lower against US Dollar ahead of US inflation data Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page
The major European indices are closing the day mostly lower. The exception is the UKs FTSE 100 which rose 0.23%. A snapshot of the closing levels are showing: German DAX -0.06% France’s CAC -0.34% UK FTSE 100 +0.23% Spain’s Ibex -0.59% Italy’s FTSE MIB -0.09% The EURUSD is stretching to new highs as European/London traders
The Euro is currently leading gains across the currency board following the weaker-than-expected US CPI release, nearing a break of last week’s highs against the US Dollar. While the initial CPI reaction saw reversals in several assets, such as the Nasdaq briefly surpassing the 22,000 milestone before retreating, EUR/USD continues to consolidate at its highs.
AUD/USD adds to the weekly advance, surpassing the 0.6500 mark. The US Dollar remains under pressure from economic data, US-China trade deal. The US CPI fell below consensus, rising by 2.4% YoY in May. The upward trend in the Aussie Dollar (AUD) continues unabated this week, with AUD/USD advancing for the third consecutive day and
Dollar fell broadly following weaker-than-expected US inflation report for May, reinforcing the narrative that consumer prices have not yet felt the full brunt of tariff pressures. The data offered some relief that the feared pass-through from tariffs to end consumers hasn’t materialized, at least not yet. However, it wasn’t enough to shift expectations for the
US Consumer Prices came in notably weaker than expected. Specifically, Core CPI, which was anticipated at +0.3% month-over-month, registered +0.1% month-over-month, bringing the year-over-year figure to 2.8%. Headline CPI also showed a softer reading, at 0.1% m/m against a 0.2% expectation. Markets had remained subdued at the beginning of the week in anticipation of this
The USD/JPY forecast shows an increasing likelihood that the BoJ will delay rate hikes to next year. Talks between China and the US ended, easing trade war fears. Traders are paying close attention to the upcoming US CPI report. The USD/JPY forecast shows an increasing likelihood that the Bank of Japan will delay rate hikes
Transformational merger creates market leader In a significant move to strengthen its market position, Vodafone completed a £16.5 billion merger with Three UK in May 2025. The newly formed entity, VodafoneThree, now stands as the UK’s largest mobile operator, serving 27 million customers. The merger includes a commitment to invest £11 billion over the next decade
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
