Fundamental OverviewThe USD got a bit of a boost on Monday following the better than expected US PMIs although the gains were not widespread. We’ve also seen some bids in the greenback yesterday following the weak US Consumer Confidence where inflation expectations...
Spain Q4 final GDP +0.8% vs +0.8% q/q prelim
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,...
Sterling eases after cooler UK inflation but outlook remains challenging
Cable is now down to 1.2908, lower by 0.3% on the day, following the softer UK CPI report here. The pair was trading around 1.2940 before the inflation numbers with traders pricing in ~45% odds of a rate cut for May. On the latter, we're seeing traders step up their...
UK February CPI +2.8% vs +3.0% y/y expected
Prior +3.0%Core CPI +3.5% vs +3.6% y/y expectedPrior +3.7%The readings are a surprise to the downside even as services inflation held unchanged at 5.0% in core terms on the month. Instead, goods inflation was the one leading the drop with a fall from 1.0% in January...
ECB’s Panetta says must remain pragmatic and data-driven in setting policy rate
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Gold analysis today with tradeCompass
Live price of Gold Futures (GC1!) at the time of this analysis: $3,026Gold Futures Analysis: Bullish Bias Above $3,024At the time of writing, gold futures are trading at $3,026, and the current gold analysis for today sets a bullish bias above $3,024. That level is...
UK inflation expected to remain sticky in February
Core annual inflation is estimated to ease a little to 3.6%, down from 3.7% in January. But overall, that's still a high figure that won't provide the BOE with much comfort. Meanwhile, headline annual inflation is expected to remain unchanged at 3.0%. As energy...
A steadier mood to start the day with Trump’s tariffs only a week away
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Fed’s Goolsbee: We’re no longer on the golden path as seen in the last two years
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China urged to focus on bolstering domestic demand, especially consumption
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ForexLive Asia-Pacific FX news wrap: Bank of Japan Governor Ueda spoke (a lot)
Bank of Japan Governor Ueda spoke:Other: Bank of Japan Governor Ueda spoke at length today. If you want a one-word summary mine would be ‘dovish’. Or at least 'not hawkish' (the two word summary).Ueda spoke broadly, and in a mainly balanced fashion, but for every...
Federal Reserve speakers Wednesday include Kashkari and Musalem
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ICYMI – Goldman Sachs lowered its Global AI Server shipment volume forecast
This is interesting. Goldman Sachs expects market growth for rack-level AI servers to slow due to factors like the effects of the product transition period, ongoing supply and demand uncertainty, and increasing production complexity. As a result, it has revised its...
ECB’s Villeroy speaks on the economy Wednesday, while Cipollone speaks on crypto
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Bank of Japan Governor Ueda again – If prices overshoot will take stronger steps
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More from Trump on tariffs – Not many exceptions to April 2 tariffs
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Trump may implement copper tariffs within weeks
Bloomberg reports that Trump may expedite the timeline for imposing tariffs on U.S. copper imports. Initially, the Commerce Department was granted 270 days from February 2025 to investigate and report on the potential tariffs. However, recent developments suggest that...
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PBOC sets USD/ CNY central rate at 7.1754 (vs. estimate at 7.2559)
The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain...