EUR/USD rebounded 1% overnight but remains below last Friday’s 1.1473 high. The ECB is expected to cut rates by 25bps to 2.25%, and President Lagarde is expected to flag euro strength and US tariffs as key disinflationary risks, DBS' FX strategist Philip Wee notes.
The US Dollar (USD) weakened into the close of trading on Wednesday but has rebounded helped in part by optimism over the pace in which the US might be willing to reach deals with key trading partners.
In New Zealand, a CPI indicator is published every month, but these monthly figures only cover the prices of around 44% of the basket of goods and services, Commerzbank's FX analyst Volkmar Baur notes.
Russia is pessimistic on a peace deal as it sees Europeans as the main obstacle now. Today there is a meeting in Paris during which the US Secretary of State Rubio and special envoy Witkoff will meet President Macron and other European officials to negotiate a deal.
Federal Reserve Chair Powell noted US President Trump’s trade taxes would raise inflation and lower economic growth. Markets have already worked this out, but Powell saying it has policy implications.
After losing 57,500 jobs in February, the Australian labour market rebounded slightly in March with 32,200 new jobs, Commerzbank's FX analyst Volkmar Baur notes.
EUR/CHF is clinging to key support at 0.9210, the lower boundary of its long-standing range. While the decline has paused, a clear move above the 200-DMA (0.9410/0.9430) is needed to confirm a short-term recovery.
The Turkish central bank (CBT) is unlikely to cut its main repo rate at today’s meeting, so soon after it had to emergency tighten rates inter-meeting following the market blow-up when Istanbul Mayor Ekrem was arrested.
Finally, It Happened. Just as we predicted in our December article , MetaTrader 5 (MT5) has officially surpassed its older sibling, MetaTrader 4 (MT4), in terms of trading volume.
Cryptocurrency exchange trading volumes decreased by 15% in March 2025 compared to the previous month, marking the third consecutive monthly decline in trading activity across major platforms.
The EUR/GBP cross struggles to capitalize on the previous day's goodish rebound from the 0.8525-0.8520 area or a fresh weekly low and attracts some intraday sellers on Thursday.
NZD/USD breaks its winning streak that began on April 9, slipping to around 0.5920 during Thursday’s European session. The pair remains subdued near its five-month high of 0.5945 level as the US Dollar gains traction, supported by stronger-than-expected consumer spending data.
AUD/JPY recovers its recent losses registered in the previous session, trading near 90.70 during Thursday’s European session. The recovery is largely driven by weakness in the Japanese Yen (JPY), following disappointing export data from Japan for March.
The US Dollar (USD) had another bad day on Wednesday, suffering several losses – EUR/USD even briefly traded above 1.14. However, this was not really due to the data, which was mixed at best.
Stavros Psyllos has joined Cryptopay, a provider of cryptocurrency payment solutions, as Chief Commercial Officer. His responsibilities include “driving strategies for expansion.
Silver price (XAG/USD) falls sharply to near $32.50 in Thursday’s European session after failing to extend a 10-day rally above the key resistance of $33.00. The white metal corrects as the US Dollar (USD) strives to gain ground near its recent lows.
Fed Chair Jerome Powell delivered the clearest message since 'liberation day' yesterday, which was unquestionably hawkish, ING's FX analyst Francesco Pesole notes.
Today's ECB decision will be the highlight of the trading week. After the market briefly doubted that there would be another rate cut today, such a move is now almost fully priced in, Commerzbank's FX analyst Michael Pfister notes.
We expect a 25bp rate cut by the ECB today. Consensus is unanimous, and markets are fully pricing in the move, so the impact on the euro may prove limited, ING's FX analyst Francesco Pesole notes.
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Thursday, according to FXStreet data. Palladium (XPD) changes hands at $954.32 a troy ounce, with the XPD/USD pair easing from its previous close at $972.85.
Alpha Group International (LSE: ALPH ), the London-based financial services provider, is exploring expansion into Singapore and the United States as part of its long-term growth strategy, according...
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $62.22 per barrel, up from Wednesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.34 price posted on Wednesday, and trading at $65.54.
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