Pound Sterling slumps against US Dollar as Trump threatens reciprocal tariffs
The Pound Sterling (GBP) slides to near 1.2630 against the US Dollar (USD) in North American trading hours on Thursday. The GBP/USD pair faces pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps higher slightly above 107.00 after threats of reciprocal tariffs from United States (US) President Donald Trump in the US opening session and upbeat US Durable Goods Orders data for January. Read More...
GBP/USD holds losses near 1.2650 as risk aversion intensifies, US Treasury yields climb
GBP/USD depreciates after two consecutive sessions of gains, trading around 1.2660 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) strengthens amid increased risk aversion and rising US Treasury yields. Read More...
GBP/USD runs out of bullish gas at key technical levels
GBP/USD briefly tested a fresh 10-week high on Wednesday, piercing 1.2700 for the first time since mid-December. However, souring risk sentiment took hold during the US market session, dragging Cable back down into near-term consolidation and keeping the pair chained south of the 200-day Exponential Moving Average (EMA). Read More...
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AUD/USD: Extra advances look likely
AUD/USD briefly advanced to new yearly peaks near 0.6450, although it gave away all that move later in the day along with the firm performance of the US Dollar on the back of diminishing US-China trade jitters. All the attention now shifts to Australian inflation gauges due on Wednesday.
EUR/USD gathers strength to near 1.1400 ahead of German data, US PCE releases
The EUR/USD pair gains ground to near 1.1390 during the early Asian session on Wednesday. The US Dollar edges lower against the Euro due to softer-than-expected US economic data. The German economic data and US Personal Consumption Expenditures - Price Index report for March will be in the spotlight later on Wednesday.
Gold drifts lower to near $3,310 ahead of key US data releases
Gold price extends the decline to near $3,315 during the early Asian session on Wednesday. The precious metal edges lower amid easing trade tensions and better risk sentiment in global markets. Traders will keep an eye on the US ADP Employment Change, PCE and the flash Q1 GDP reports later on Wednesday.
Australia CPI expected to show inflation eased further in Q1, backing case for more rate cuts
Australia will release multiple inflation figures on Wednesday and financial markets anticipate price pressures easing further at the beginning of 2025, paving the way for additional Reserve Bank of Australia interest rate cuts.
May flashlight for the FOMC blackout period – Waiting for the fog to lift
We expect the FOMC will leave its target range for the federal funds rate unchanged at 4.25-4.50% at its upcoming meeting on May 6-7, a view widely shared by financial markets and economists. Market pricing currently implies only a 9% probability of the FOMC cutting the fed funds rate by 25 bps.
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