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Oil: SPR refill noise – ING
Oil: SPR refill noise – ING
Oil prices edged higher yesterday, with ICE Brent settling 0.31% higher on the day.
Oil
Energy
Banks
GBP/USD: BoE MPC is coming – OCBC
GBP/USD: BoE MPC is coming – OCBC
Pound Sterling (GBP) can be fairly active today due to BoE MPC.
GBPUSD
Technical Analysis
Banks
Dollar gains as risk appetite gets a check back
Dollar gains as risk appetite gets a check back
The greenback is mostly higher across the board on the session
market overview
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
EUR/USD weakens as Fed sees no rush for interest rate cuts
EUR/USD weakens as Fed sees no rush for interest rate cuts
EUR/USD slides to near 1.0830 as the US Dollar (USD) strengthens in North American trading hours on Thursday.
EURUSD
ECB
Fed
TradeWar
SEO
The Turkish market is normalising after a massive sell-off on Wednesday – ING
The Turkish market is normalising after a massive sell-off on Wednesday – ING
In the CEEMEA FX space, developments in Turkey remain in close focus, ING’s FX analysts Francesco Pesole notes.
USDTRY
Technical Analysis
Banks
GBP/JPY breaks below 193.00 ahead of BoE’s interest rate decision
GBP/JPY breaks below 193.00 ahead of BoE’s interest rate decision
GBP/JPY continues to slide for the second straight session, hovering around 192.80 during European trading hours on Thursday.
GBPJPY
Crosses
Macroeconomics
UnitedKingdom
Japan
SNB’s Tschudin: Economic situation for Switzerland has become considerably more uncertain
SNB’s Tschudin: Economic situation for Switzerland has become considerably more uncertain
Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0.25%.
USDCHF
SNB
CentralBanks
InterestRate
SNB's Martin: Inflationary pressure should continue to ease gradually over next quarters
SNB's Martin: Inflationary pressure should continue to ease gradually over next quarters
Swiss National Bank (SNB) Vice Chairman Antoine Martin is speaking at the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0.25%.
SNB
CentralBanks
InterestRate
USDCHF
DXY: Mixed on the day – OCBC
DXY: Mixed on the day – OCBC
Dollar Index (DXY) dipped, alongside the decline in UST yields post-FOMC.
DollarIndex
Technical Analysis
Banks
SNB's Schlegel: Will monitor situation closely and adjust policy if necessary
SNB's Schlegel: Will monitor situation closely and adjust policy if necessary
Swiss National Bank (SNB) Chairman Martin Schlegel is addressing the post-meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0.25%.
Switzerland
USDCHF
InterestRate
CentralBanks
USD: Fed helping equities may be a Dollar positive – ING
USD: Fed helping equities may be a Dollar positive – ING
The dollar rallied in the hours leading to the FOMC announcement on the back of growing hawkish bets, which were, however, scaled back after the statement release.
DollarIndex
Technical Analysis
Banks
USD: Fed helping equities may be a dollar positive – ING
USD: Fed helping equities may be a dollar positive – ING
The dollar rallied in the hours leading to the FOMC announcement on the back of growing hawkish bets, which were, however, scaled back after the statement release.
DollarIndex
Technical Analysis
Banks
USD/CHF retakes 0.8800 after SNB cuts rates by 25 bps; remains below 200-day SMA
USD/CHF retakes 0.8800 after SNB cuts rates by 25 bps; remains below 200-day SMA
The USD/CHF pair reverses an intraday dip to the 0.8755 area or a one-week low touched during the early European session on Thursday and spikes to a fresh daily high in reaction to the Swiss National Bank (SNB) policy decision.
USDCHF
SNB
Fed
InterestRate
Currencies
EUR/USD fails to move above 1.10 decisively – ING
EUR/USD fails to move above 1.10 decisively – ING
EUR/USD has again failed to make a decisive move to 1.10+ this week, in line with our expectations, ING’s FX analysts Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
NZD/USD extends losing streak to near 0.5750 despite stronger economic growth
NZD/USD extends losing streak to near 0.5750 despite stronger economic growth
NZD/USD continues its decline for the third consecutive day, trading around 0.5760 during European hours on Thursday.
NZDUSD
Macroeconomics
Majors
NewZealand
SNB cuts Sight Deposit Rate by 25 bps to 0.25% as expected
SNB cuts Sight Deposit Rate by 25 bps to 0.25% as expected
The Swiss National Bank (SNB) lowered the benchmark Sight Deposit Rate by 25 basis points (bps) to 0.25% from 0.50%, following its monetary policy assessment for the March quarter on Thursday.
SNB
CentralBanks
InterestRate
USDCHF
EUR/USD: Pace of gains moderate – OCBC
EUR/USD: Pace of gains moderate – OCBC
Euro (EUR) dipped before partially retracing losses. EUR was last seen at 1.0874 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
Crude oil price today: WTI price bullish at European opening
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session.
Oil
WTI
Commodities
Bullish
Palladium price today: Rare metals down at the start of the European session
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data.
Platinum
Commodities
Palladium
Lagarde speech: EU retaliatory measures and a weaker Euro could lift inflation by around 0.5%
Lagarde speech: EU retaliatory measures and a weaker Euro could lift inflation by around 0.5%
European Central Bank (ECB) President Christine Lagarde is testifying before the Committee on Economic and Monetary Affairs of the European Parliament on Thursday.
ECB
CentralBanks
InterestRate
EURUSD
European indices lightly changed at the open today
European indices lightly changed at the open today
A bit of a breather for German stocks
Stocks
Pound Sterling attracts bids after BoE leaves interest rates unchanged at 4.5%
Pound Sterling attracts bids after BoE leaves interest rates unchanged at 4.5%
The Pound Sterling (GBP) rebounds against its major peers in the early North American session on Thursday.
GBPUSD
Fed
BOE
Employment
SEO
USD/TRY advances to near 38.00 as political unrest erupts in Turkey
USD/TRY advances to near 38.00 as political unrest erupts in Turkey
USD/TRY continues to gain ground as the US Dollar (USD) extends its gains, trading around 38.00 during the early European hours on Thursday.
USDTRY
Macroeconomics
Turkey
Forex Today: US Dollar struggles to gather strength after Fed, attention turns to BoE
Forex Today: US Dollar struggles to gather strength after Fed, attention turns to BoE
Here is what you need to know on Thursday, March 20: The US Dollar (USD) finds it difficult to outperform its rivals on Thursday as markets digest the Federal Reserve's (Fed) policy announcements.
Majors
Currencies
Macroeconomics
CentralBanks
Commodities
What are the main events for today?
What are the main events for today?
The highlights include SNB and BoE policy decision and the US Jobless Claims
market overview
EUR/GBP holds positive ground near 0.8400 after UK employment data
EUR/GBP holds positive ground near 0.8400 after UK employment data
The EUR/GBP cross holds positive ground near 0.8390 during the early European trading hours on Thursday.
EURGBP
Crosses
Macroeconomics
UnitedKingdom
Employment
Eurostoxx futures -0.1% in early European trading
Eurostoxx futures -0.1% in early European trading
A more pensive mood in Europe ahead of the open
Stocks
UK Unemployment Rate steadies at 4.4% in the quarter to January as expected
UK Unemployment Rate steadies at 4.4% in the quarter to January as expected
The United Kingdom’s (UK) ILO Unemployment Rate stayed unchanged at 4.4% in the three months to January, data published by the Office for National Statistics (ONS) showed on Thursday.
Employment
EconomicIndicator
GBPUSD
UnitedKingdom
UK January ILO unemployment rate 4.4% vs 4.4% expected
UK January ILO unemployment rate 4.4% vs 4.4% expected
Latest data released by ONS - 20 March 2025
Germany February PPI -0.2% vs +0.1% m/m expected
Germany February PPI -0.2% vs +0.1% m/m expected
Latest data released by Destatis - 20 March 2025
Switzerland February trade balance CHF 4.80 billion vs CHF 6.12 billion prior
Switzerland February trade balance CHF 4.80 billion vs CHF 6.12 billion prior
Latest data released by the Federal Statistics Office - 20 March 2025
BoE expected to hold interest rate at 4.50% amid stubborn inflation and weak economic outlook
BoE expected to hold interest rate at 4.50% amid stubborn inflation and weak economic outlook
The Bank of England (BoE) is set to reveal its monetary policy decision on Thursday, marking the second meeting of 2025.
BOE
SEO
GBPUSD
CentralBanks
BoE's Bailey indicates that interest rates are expected to decline gradually
BoE's Bailey indicates that interest rates are expected to decline gradually
The Bank of England is expected to hold its policy rate at 4.50%.
BOE
SEO
GBPUSD
CentralBanks
Dip buyers will look to test the waters in the day ahead
Dip buyers will look to test the waters in the day ahead
The recovery in Wall Street yesterday fell short of a key near-term technical level
Stocks
US Dollar Index Price Forecast: Bearish outlook remains in play near 103.50
US Dollar Index Price Forecast: Bearish outlook remains in play near 103.50
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory near 103.50 during the early European session on Thursday.
DollarIndex
Technical Analysis
Was this on your bingo card for this year?
Was this on your bingo card for this year?
"Transitory" makes a return to markets in 2025
EUR/USD remains subdued around 1.0900 ahead of ECB’s Lagarde speech
EUR/USD remains subdued around 1.0900 ahead of ECB’s Lagarde speech
EUR/USD loses ground for the second successive day, trading around 1.0900 during Asian hours on Thursday.
EURUSD
Macroeconomics
Majors
Eurozone
Fed
FX option expiries for Mar 20 NY cut
FX option expiries for Mar 20 NY cut
FX option expiries for Mar 20 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options