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EUR/USD forecast: Bullish trend intact as key data eyed
The divergence in monetary policy between the Fed and ECB is likely to support the bullish EUR/USD forecast
Japanese yen analysis: USD/JPY breaks out despite bearish seasonality
USD/JPY's price action this week is providing a strong signal given the yen's usually bullish seasonal backdrop.
Australia's softer inflation could see the RBA hold rates next week
AUD pairs are broadly lower as inflation falls to 6.8% y/y (7.1% expected), bolstering expectations that the RBA will hold rates at their April meeting.
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Technical Tuesday: EUR/USD, FTSE, Nasdaq and Copper
In this week’s report, we are getting technical on the EUR/USD, FTSE, Nasdaq and Copper.
Currency Pair of the Week: USD/JPY
USD/JPY is our featured pair thanks to the yen’s heightened volatility in recent times and as we have some key data from the US
Canadian dollar analysis: USD/CAD knocking on key 1.3605 support
USD/CAD is forming a potential descending triangle pattern into 1.3650 support ahead of key data tomorrow.
BoE lifts interest rates to highest since 2008
A 25-basis point rate hike was mostly priced in, especially in light of the latest inflation data that was released on Wednesday
FOMC meeting recap: Dollar dives on “dovish hike”
The Fed has toned down its statement to give it flexibility to pause the interest rate hiking cycle in May depending on incoming economic data
GBP/JPY extends recovery as hot CPI boosts BoE hike odds
The GBP/JPY has been supported by a double dose of bullish factors this week.
BoE Preview: 25 bps hike and done?
We think the BoE will go ahead with a 25-bps hike and then pause to assess the impact of the previous hikes.
European Open: EUR/USD holds above 1.0700 ahead ZEW sentiment report
EUR/USD is trading within a tight range ahead of today’s ZEW report, which suggests we could be facing a breakout of it (one way or another).
European Open: Cautious trade to start the week, EUR/AUD in focus
It has been a quiet session overnight, as traders wait to see how Europe reacts to the weekend’s headlines.
How to trade FOMC meetings
FOMC meetings are some of the most important economic policy events. The meetings provide opportunities for both day traders and longer-term traders. Learn about the impacts of FOMC meetings and how to trade them.
ECB had to hike by 50 bps but euro slips
ECB provided no forward guidance and/or commitment to future hikes...
Two trades to watch: #EURUSD looks to German & Spanish inflation #GBPUSD to rise to a fresh 8-week high? Read more: https://t.co/CqOa3b3OJU https://t.co/7kb2gTzS7b
European Open: SNB come to the rescue of Credit Suisse, ECB up next
The SNB (Swiss National Bank) has swept in to provide much needed liquidity to Credit Suisse, which should soothe some concerns over risk to the financial system.
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ECB Preview: 50bps hike may still be on the cards
Hot inflation is likely to outweigh concerns over financial stability, potentially leading the ECB to disappoint market’s substantial re-pricing of policy rates.
US CPI recap: GBP/USD holds above 200-day EMA as inflation meets expectations
The report printed in line with expectations at 6.0% y/y, the smallest annualized gain since September 2021
US CPI preview: Fed rate expectations dive, USD/CAD tests 1.37
In the wake of the implosion of SVB, traders are dialing down their expectations for Fed hawkishness next week...
NFP preview: Have dollar bulls gotten ahead of themselves?
Weighing the data and our internal models, the leading indicators point to a slightly above expectation reading in this month’s NFP report - see why!
RBA Governor Lowe uses the ‘p’ word
On the back of a 25bp hawkish hike, with hypothesized the potential for the RBA to be nearing a pause. Less than 24 hours later, Governor Lowe comes right out and says it.