Author: FX
Bhutan turns to 'green' cryptocurrency to fuel economy Source link
Japan economy minister AkazawaTold U.S. negotiation counterparts Japan wants best solution as soon as possible for both nationsStrongly requested revocation of tariffs on JapanAgreed to hold second meeting this monthSays there was no discussion of forexBelieves the US wants a deal within the 90-day windowSheesh, that last point … the global economy is cratering and these … well, government officials is what I shoud say, not what I really want to say… are eyeing 90 days?JPY is losing some ground on these headlines Source link
Today’s U.K. inflation report came in softer than expected, with headline CPI dropping to 2.6% versus the 2.7% forecast, potentially setting up GBP/JPY for a continued downside move in the short-term. With core inflation easing to 3.4% from 3.5% previously, and services inflation notably falling to 4.7% from 5.0%, the odds of a BOE rate cut in May have increased significantly. Let’s examine how we may theoretically structure a trade plan around this development. This Article Is For Premium Members Only Become a Premium member for full website access, plus get: Ad-free experience Daily actionable short-term strategies High-impact…
NZD/USD trades near the 0.5900 zone following another daily push higherMACD supports bullish bias, while RSI flirts with overbought territoryKey moving averages continue to underpin the pair’s upward trajectoryThe NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest gains and remained confined within a relatively tight range between 0.58865 and 0.59308, suggesting a steady bullish tone.From a technical perspective, the broader bias remains positive. The MACD prints a buy signal, confirming continued bullish momentum. The Relative Strength Index (RSI) stands at 65.16, edging close to overbought…
President Trump’s announcement of a 90-day pause to ‘reciprocal but not really reciprocal’ tariffs led to one of the all-time great Nasdaq rallies as the index soared 10%.The day afterwards it gave a big chunk back before embarking on a fresh effort to make new highs following a weekend suspension of electronics tariffs. However the administration attempted to walk that back and it’s now looking more like a double top at 17,200.Nasdaq dailyThe Nasdaq Composite is down 3.9% today and trading at session lows. It didn’t get any help from Nvidia’s disclosure that it faces new restrictions on China chip…
Fitch Ratings gave Mexico a confidence vote, affirming that its long-term foreign currency issuer default rating (IDR) is at ‘BBB-‘ with a stable outlook.Key highlightsCredit fundamentals: Mexico’s rating is supported by a prudent macroeconomic policy framework, robust external finances, and its large and diversified economy. The rating is constrained by muted long-term growth, weak governance indicators, fiscal challenges related to a low revenue base and budgetary rigidities, and contingent liabilities from Pemex.Stable outlook: The stable outlook reflects Fitch’s view that Mexico’s rating has headroom to withstand the tougher economic environment implicit in our new baseline. An economic slowdown already underway…
The U.K.’s Consumer Prices Index (CPI) inflation rate dropped to 2.6% in March, down from 2.8% in February, according to data released by the Office for National Statistics (ONS) today. This marks the lowest inflation reading since December and comes in below economists’ expectations of 2.7%. Key points from the ONS report: Headline CPI fell to 2.6% in March from 2.8% in February Core inflation (excluding food, energy, alcohol and tobacco) eased to 3.4% from 3.5% Services inflation decreased notably to 4.7% from 5.0% Recreation and culture, motor fuels, and restaurants and hotels contributed to the slowdown Clothing and footwear…
A comparison of the March statement to the April statement reflects the “major shift” in the US trade policy and unpredictability of tariffs. Hence the second verse (April) is no where near the first (March). Below is the red line change (or rather the complete re-write)FOR IMMEDIATE RELEASEMarch 12, 2025The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%.The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened trade tensions and tariffs…
The Pound Sterling comes under pressure against its major peers after the release of a soft UK CPI in March.Soft UK inflation and grim employment outlook pave the way for the BoE to cut interest rates in May.Investors seek fresh development on deals between the US and its trading partners.The Pound Sterling (GBP) faces selling pressure against its major peers on Wednesday, except the US Dollar (USD), after the release of the softer-than-expected United Kingdom (UK) Consumer Price Index (CPI) data for March. The Office for National Statistics (ONS) reported that the headline CPI grew at a moderate pace of 2.6%…
Wants Trump to rein in Cabinet members, show consistencyWants US talks to address concerns on Taiwan, sanctionsThis is causing a spike up in risk but I’m not really seeing why. China has made it clear that they are open to resolving things via dialogue as they have said many a time. And after their latest retaliation last week, they’ve pushed the ball back to Trump’s side of the court. And yet, there’s still no further progress until today.I’m guessing the algos are just jumping on the fact that the headline includes “China is open to talks” while ignoring all the…