Forex News & Analysis

Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast

by Fxstreet

Breaking: US CPI inflation softens to 2.8% in February vs. 2.9% forecast

The United States (US) Bureau of Labor Statistics (BLS) is set to publish the high-impact Consumer Price Index (CPI) inflation report for February on Wednesday at 12:30 GMT.

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Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction

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by Fxstreet

Japanese Yen sticks to intraday losses against recovering USD; lacks bearish conviction

The Japanese Yen (JPY) continues losing ground against its American counterpart for the second straight day on Wednesday and moves away from the highest level since October touched the previous day.

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Standard Chartered forecasting Bitcoin could reach $200,000 by the end of 2025

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by Forex Live

Standard Chartered forecasting Bitcoin could reach $200,000 by the end of 2025

Do warn of risks too

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Toyota has met union pay rise request in full

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by Forex Live

Toyota has met union pay rise request in full

Hitachi has also met the request in full

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16 analyst forecast for the US CPI, headline and core, for February 2025

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by Forex Live

16 analyst forecast for the US CPI, headline and core, for February 2025

Consensus is 2.9% y/y and 3.2% y/y respectively (& 0.28% and 0.28% m/m)

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USD/INR gathers strength as traders await Indian/US CPI inflation releases

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by Fxstreet

USD/INR gathers strength as traders await Indian/US CPI inflation releases

The Indian Rupee (INR) rebounds on Wednesday. The potential foreign exchange intervention from the Reserve Bank of India (RBI) and strong Asian currencies, especially the offshore Chinese Yuan provide some support to the Indian currency.

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NZD/USD remains subdued near 0.5700 ahead of US CPI data

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by Fxstreet

NZD/USD remains subdued near 0.5700 ahead of US CPI data

NZD/USD edges lower after registering gains in the previous session, trading around 0.5710 during the Asian hours on Wednesday.

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Nissan agrees to a JPY 16,500 average monthly wage increase for 2025.

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by Forex Live

Nissan agrees to a JPY 16,500 average monthly wage increase for 2025.

A little less than the 18K asked by the union

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PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation

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by Fxstreet

PM Albanese: Retaliatory measures would only increase costs for Australian consumers and fuel inflation

Australia’s Prime Minister (PM) Albanese said on Wednesday that “retaliatory measures would only increase costs for Australian consumers and fuel inflation.” PM Albanese confirmed that “Australia will not impose reciprocal tariffs on the United States (US).” His comments come after US President Donald Trump proceeded with 25% tariffs on all imported steel and aluminium.

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Australia rules out retaliatory tariffs after Trump moves forward with steel duties

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by Forex Live

Australia rules out retaliatory tariffs after Trump moves forward with steel duties

Australian Prime Minister Albanese said retaliatory measures would only increase costs for Australian consumers and fuel inflation.

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PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous

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by Fxstreet

PBOC sets USD/CNY reference rate at 7.1696 vs. 7.1741 previous

On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1696 as compared to the previous day's fix of 7.1741 and 7.2324 Reuters estimates.

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Canada's energy minister says will respond quickly if tariffs come into play

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by Forex Live

Canada's energy minister says will respond quickly if tariffs come into play

Canada Energy Minister Jonathan Wilkinson

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News Discussion Forum

by Fxstreet

Australian Dollar depreciates as US Dollar gains ground amid market caution

The Australian Dollar (AUD) weakens against the US Dollar (USD) on Wednesday, weighed down by broad risk aversion.

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Japan firms set to offer strong wage hikes for third straight year

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by Fxstreet

Japan firms set to offer strong wage hikes for third straight year

Japan’s largest companies are expected to offer substantial wage hikes for a third consecutive year, helping workers cope with inflation and retain staff amid labour shortages, per Reuters.

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WTI recovers above $66.00 on softer US Dollar

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by Fxstreet

WTI recovers above $66.00 on softer US Dollar

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.25 during the early Asian session on Wednesday.

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by Forex Live

USD/JPY knocking on resistance

Some simple technicals for you to berate me over!

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BoJ's Ueda: Higher long-term rates reflecting market views on economy

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by Fxstreet

BoJ's Ueda: Higher long-term rates reflecting market views on economy

Bank of Japan Governor Kazuo Ueda said early Wednesday that it is natural for long-term rates to shift in line with the market view on the outlook for short-term policy rates.

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Financial Times - Toyota considers exporting from UK to US to ease impact of Trump tariffs

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by Forex Live

Financial Times - Toyota considers exporting from UK to US to ease impact of Trump tariffs

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Ukraine agrees to 30-day ceasefire if Russia accepts

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by Fxstreet

Ukraine agrees to 30-day ceasefire if Russia accepts

Ukrainian President Volodymyr Zelensky said late Tuesday that Ukraine agreed to a 30-day ceasefire proposed by the United States if Russia accepts the plan, following critical peace talks between US and Ukrainian officials in Saudi Arabia, per CNN.

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Japan data - February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)

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by Forex Live

Japan data - February PPI flat at 0% change m/m (expected -0.1%) & +4% y/y (expected 4%)

The PPI is also known as the Corporate Goods Price INidex

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Canada warns of oil export restrictions amid escalating trade tensions with US

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by Fxstreet

Canada warns of oil export restrictions amid escalating trade tensions with US

Canada’s Energy Minister Jonathan Wilkinson said late Tuesday that the country may impose non-tariff measures, including restrictions on oil exports to the United States if trade tensions with Washington escalate further.

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EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data

News Discussion Forum

by Fxstreet

EUR/USD rises despite trade war risks as markets pivot to US CPI inflation data

EUR/USD bidders found the gas pedal on Tuesday, bolstering Fiber further and sending the pair back into the 1.0950 level, albeit briefly.

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Houthi terrorists vow to resume attacks on Israeli ships

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by Fxstreet

Houthi terrorists vow to resume attacks on Israeli ships

A Houthi spokesman said late Tuesday that they will attack any Israeli ship that violates the group's ban on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden, effective immediately.

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Canada warns of oil export restrictions as trade tensions with U.S. rise

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by Forex Live

Canada warns of oil export restrictions as trade tensions with U.S. rise

Canada Energy Minister Jonathan Wilkinson

Oil

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Japan’s Major Firms to Offer Strong Wage Hikes for Third Year

News Discussion Forum

by Forex Live

Japan’s Major Firms to Offer Strong Wage Hikes for Third Year

With Japan's inflation rate at its highest in two years, even hefty wage increases may only offset inflation rather than drive new spending.

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GBP/USD shrugs off tariff fears as Pound continues to recover ground

News Discussion Forum

by Fxstreet

GBP/USD shrugs off tariff fears as Pound continues to recover ground

GBP/USD extended its recent bullish rally on Tuesday, shrugging off ongoing trade war concerns that are weighing down American market centers.

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USD/CAD loses ground below 1.4450 ahead of US CPI data, BoC rate decision

News Discussion Forum

by Fxstreet

USD/CAD loses ground below 1.4450 ahead of US CPI data, BoC rate decision

The USD/CAD pair trades in negative territory around 1.4430 during the late American session on Tuesday.

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New Zealand February retail sales data +0.3% m/m and -4.2% y/y

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by Forex Live

New Zealand February retail sales data +0.3% m/m and -4.2% y/y

New Zealand Electronic Card Spending

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Yemen's Houthi terrorists say they'll resume attacks on Israeli ships immediately

News Discussion Forum

by Forex Live

Yemen's Houthi terrorists say they'll resume attacks on Israeli ships immediately

Yemen's Houthis say they'll resume attacks on Israeli ships passing through the Red and Arabian seas, the Bab al-Mandab Strait, and the Gulf of Aden

Oil

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USD/JPY Price Forecast: Rebounds from YTD lows, bulls target 148.00

News Discussion Forum

by Fxstreet

USD/JPY Price Forecast: Rebounds from YTD lows, bulls target 148.00

The USD/JPY rises as trade tensions loom due to back-and-forth tariff rhetoric between Canada and the United States (US), which initially weighed on the US Dollar.

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US House of Reps has passed the spending bill to avert government shut down. On to Senate.

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by Forex Live

US House of Reps has passed the spending bill to avert government shut down. On to Senate.

The Senate vote is another challenge for the bill.

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NZD/USD Price Analysis: Kiwi defends key support but face resistance

News Discussion Forum

by Fxstreet

NZD/USD Price Analysis: Kiwi defends key support but face resistance

The NZD/USD pair edged higher on Tuesday ahead of the Asian session, moving near the 0.5710 zone after rebounding from recent lows.

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Technical Analysis

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AUD/JPY Price Analysis: Bulls regain ground but downside risks persist

News Discussion Forum

by Fxstreet

AUD/JPY Price Analysis: Bulls regain ground but downside risks persist

The AUD/JPY pair bounced back on Tuesday ahead of the Asian session, moving near the 93.00 zone after declining for three consecutive sessions.

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Crosses

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Technical Analysis

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Trump says he may push tariffs even higher than 25%

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by Forex Live

Trump says he may push tariffs even higher than 25%

Wrecking ball continues swinging

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USD

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Forexlive Americas FX news wrap 11 Mar: Tariff whack-a-mole sends markets up and down

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by Forex Live

Forexlive Americas FX news wrap 11 Mar: Tariff whack-a-mole sends markets up and down

Forex news for North American trading on Mar 11, 2025

Session wrap

Wrap Nth America

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US to kick off global 25% tariff on all steel and aluminum imports on Wednesday

News Discussion Forum

by Fxstreet

US to kick off global 25% tariff on all steel and aluminum imports on Wednesday

White House staff reaffirmed on Tuesday that a global 25% tariff on all steel and aluminum imported into the US would take effect on Wednesday, beginning at midnight Eastern Standard Time.

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