Comments from Kevin Hassett highlight optimism around Canada and Mexico
Comments from Kevin Hassett highlight optimism around Canada and Mexico
Hassett highlights progress on immigration and fentanyl
Politics
GBP: Markets anticipate BoE hold decision Thursday – Scotiabank
GBP: Markets anticipate BoE hold decision Thursday – Scotiabank
Pound Sterling (GBP) retains a firm undertone. Investors are looking ahead to this week’s BoE policy decision and expecting a hold amid still sticky UK price trends, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR/USD: Above 1.0900/10, EUR to retest 1.0950/60 – Scotiabank
EUR/USD: Above 1.0900/10, EUR to retest 1.0950/60 – Scotiabank
The Euro (EUR) traded narrowly for most of the overnight session before rallying from the upper 1.08s to retest Friday’s intraday high in the low 1.09 area in a spurt of gains through late morning European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD firms modestly on the day – Scotiabank
CAD firms modestly on the day – Scotiabank
The Canadian Dollar (CAD) is little changed over the weekend, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
USD softer as tariff concerns persist – Scotiabank
USD softer as tariff concerns persist – Scotiabank
The US Dollar (USD) is weaker as US equity futures dip in response to Treasury Secretary Bessent expressing no concern about recent equity market volatility and President Trump saying that reciprocal and sectoral tariffs will be announced on April 2, apparently upping the tariff ante yet again.
DollarIndex
Technical Analysis
Banks
US Dollar eases at start of possible historical week on Ukraine deal
US Dollar eases at start of possible historical week on Ukraine deal
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is getting ready for one the most important phone calls in nearly a decade history while the biggest central bank is considering its next steps in monetary policy this week. At the time of writing on Monday,
DollarIndex
Macroeconomics
UnitedStates
SEO
US Retail Sales rise by 0.2% in February vs. 0.7% expected
US Retail Sales rise by 0.2% in February vs. 0.7% expected
Retail Sales in the United States (US) rose by 0.2% in February to $722.7 billion, the US Census Bureau announced on Monday.
RetailSales
UnitedStates
EconomicIndicator
Canada February housing starts 229K vs 250K expected
Canada February housing starts 229K vs 250K expected
Canadian February housing starts data from the CMHC
ForexLive European FX news wrap: Dollar down, US retail sales coming up
ForexLive European FX news wrap: Dollar down, US retail sales coming up
Forex news from the European morning session on Mar 17, 2025
Session wrap
Wrap Europe
WTI refreshes weekly high near $68.00 on China’s fresh stimulus plan
WTI refreshes weekly high near $68.00 on China’s fresh stimulus plan
West Texas Intermediate (WTI), futures on NYMEX, posts a fresh weekly high near $68.00 in European trading hours on Monday.
Oil
WTI
Fed
InterestRate
China
SNB expected to cut policy rate by 25 bps this month - poll
SNB expected to cut policy rate by 25 bps this month - poll
The findings from Reuters' latest poll on economists on the SNB
China: Three major structural constraints prevent boosting consumption – BBH
China: Three major structural constraints prevent boosting consumption – BBH
China’s January-February economic data was better-than-anticipated.
China
Growth
Banks
Weekly update on interest rate expectations
Weekly update on interest rate expectations
What are the market expectations for interest rates for G8FX
market overview
Gold nearly back flat after sluggish US Retail Sales
Gold nearly back flat after sluggish US Retail Sales
Gold’s price (XAU/USD) trades sub $3,000, near $2,990 at the time of writing on Monday following Friday’s take-profit-led correction after hitting a fresh all-time high of $3,005. Traders are bracing for a rather eventful week with the German Bundestag set to vote on the defense spending plan, which would boost the European industry by €1 trillion
Gold
Commodities
UnitedStates
SEO
AUD/USD is firmer on the day – BBH
AUD/USD is firmer on the day – BBH
AUD/USD is firmer on broad US Dollar (USD) weakness and improving Chinese economic activity, BBH FX analysts report.
AUDUSD
Technical Analysis
Banks
USD/CNH: Support level at 7.2100 is unlikely to come under threat – UOB Group
USD/CNH: Support level at 7.2100 is unlikely to come under threat – UOB Group
USD is expected to edge lower; the major support level at 7.2100 is unlikely to come under threat.
USDCNH
Technical Analysis
Banks
USD/MXN can try to reclaim recent pivot high at 20.40 – Société Générale
USD/MXN can try to reclaim recent pivot high at 20.40 – Société Générale
USD/MXN has breached the lower limit of its multi-month range denoting risk of persistence in decline, Société Générale's FX analysts note.
USDMXN
Technical Analysis
Banks
USD/JPY: To trade between 147.80 and 149.20 – UOB Group
USD/JPY: To trade between 147.80 and 149.20 – UOB Group
US Dollar (USD) is expected to trade in a range vs Japanese Yen (JPY), most likely between 147.80 and 149.20.
USDJPY
Technical Analysis
Banks
GBP: Waiting for the BoE meeting – Danske Bank
GBP: Waiting for the BoE meeting – Danske Bank
The big event this week for GBP FX is the Bank of England meeting on Thursday, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
EURGBP
Banks
Technical Analysis
NZD/USD: Upward momentum is building again – UOB Group
NZD/USD: Upward momentum is building again – UOB Group
Increase in momentum suggests potential for NZD to continue to advance; it is unclear whether it can break and remain above the 0.5765/0.5775 resistance zone.
NZDUSD
Technical Analysis
Banks
Dollar eases as the risk mood picks up a little, eyes on US retail sales
Dollar eases as the risk mood picks up a little, eyes on US retail sales
EUR/USD nudges back up to test waters above 1.0900 again
Brent: Below $73.70, there is a risk of persistence in decline – Société Générale
Brent: Below $73.70, there is a risk of persistence in decline – Société Générale
Brent has experienced a steady pullback after failing to establish above the 200-DMA in January, Société Générale's FX analysts note.
Oil
Energy
Commodities
Banks
USD/CAD Price Forecast: Trades cautiously near 1.4350 as Fed policy takes centre stage
USD/CAD Price Forecast: Trades cautiously near 1.4350 as Fed policy takes centre stage
The USD/CAD pair struggles to gain ground near the three-day low of 1.4360 in European trading hours on Monday.
USDCAD
Fed
BOC
Inflation
SupportResistance
AUD/USD: Likely to trade in a higher range of 0.6245/0.6385 – UOB Group
AUD/USD: Likely to trade in a higher range of 0.6245/0.6385 – UOB Group
Scope for Australian Dollar (AUD) to rise further vs US Dollar (USD), but it does not seem to have enough momentum to test 0.6385 (there is another resistance at 0.6365).
AUDUSD
Technical Analysis
Banks
China: A good start to 2025 – Standard Chartered
China: A good start to 2025 – Standard Chartered
January-February activity data beat expectations, supported by fiscal front-loading.
China
Banks
GDP
Growth
OECD lowers global growth outlook on trade tensions
OECD lowers global growth outlook on trade tensions
In its latest report published on Monday, the Organization for Economic Co-operation and Development (OECD) lowers global growth outlook on trade tensions, seeing stronger inflation pressures.
GDP
TradeWar
Countries
Macroeconomics
Pound Sterling rises against US Dollar ahead of Fed-BoE monetary policy
Pound Sterling rises against US Dollar ahead of Fed-BoE monetary policy
The Pound Sterling (GBP) jumps to near 1.2970 against the US Dollar (USD) at the start of the week.
GBPUSD
Fed
BOE
Inflation
SEO
China: Economic recovery continued into Jan-Feb, upside risk to 1Q25 GDP growth – UOB Group
China: Economic recovery continued into Jan-Feb, upside risk to 1Q25 GDP growth – UOB Group
China’s macroeconomic data turned out brighter than expected in Jan-Feb with industrial production, retail sales and urban fixed assets investment (FAI) above Bloomberg’s consensus forecasts.
China
GDP
Growth
Banks
OECD cuts global growth outlook as tariffs set to weigh
OECD cuts global growth outlook as tariffs set to weigh
A trade war is to dampen the US, Canadian, and Mexican economies in particular
market overview
GBP: Will BoE remain trapped with sticky wages? – ING
GBP: Will BoE remain trapped with sticky wages? – ING
All the UK action this week comes on Thursday. That's when we'll see both the next instalment of UK wage data and the Bank of England MPC meeting, ING's FX analyst Chris Turner notes.
GBPUSD
Technical Analysis
Banks
GBP/USD: Likely to trade in a 1.2900/1.2970 range – UOB Group
GBP/USD: Likely to trade in a 1.2900/1.2970 range – UOB Group
Pound Sterling (GBP) is likely to trade in a 1.2900/1.2970 range.
GBPUSD
Technical Analysis
Banks
USD: February retail sales need to rebound – ING
USD: February retail sales need to rebound – ING
Beyond all the uncertainty associated with this year's on-again-off-again US tariffs, one core theme weighing on US interest rates and equities has been the fear of a slowing US consumer.
DollarIndex
Technical Analysis
Banks
Ifo institute cuts Germany 2025 economic growth forecast to 0.2%
Ifo institute cuts Germany 2025 economic growth forecast to 0.2%
The previous forecast in December had the German economy growing by 0.4% this year
EUR/USD: Likely to trade between 1.0845 and 1.0910 – UOB Group
EUR/USD: Likely to trade between 1.0845 and 1.0910 – UOB Group
Price movements in Euro (EUR) vs US Dollar (USD) are likely part of a range trading phase between 1.0845 and 1.0910.
EURUSD
Technical Analysis
Banks
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver
Commodities
Metals
EUR: Insights into the April ECB pause? – ING
EUR: Insights into the April ECB pause? – ING
It looks as though EUR/USD can stay relatively supported for the short term, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks