Author: FX

The Euro (EUR) reverses sharply against the US Dollar (USD) on Thursday, snapping a two-day losing streak and climbing back above the 1.1700 mark as traders digest the European Central Bank (ECB) policy announcement and US inflation data. The ECB maintained its key policy rates, including the Main Refinancing Rate at 2.15% and the Deposit Facility Rate at 2.00%, aligning with market expectations. The accompanying statement emphasized that inflation is currently around the 2% target, while the outlook remains “broadly unchanged.”The ECB now sees core inflation at 2.4% in 2025, before easing to 1.9% in 2026 and 1.8% in 2027,…

Fundamental OverviewThe soft NFP report on Friday was again faded completely by the stock market because of the focus on Fed rate cuts. In fact, the dovish bets on the Fed increased and the market is now expecting three rate cuts by year-end (68 bps). Moreover, we have also an 8% probability of a 50 bps cut in September but that will likely happen only if we get a soft CPI report today. In that case, the stock market might get another boost to push into new all-time highs.The bigger picture hasn’t changed much as the stock market continues to…

You can be forgiven for overlooking the ECB policy decision later today as the main event for markets will come in North America trading with the US CPI report due. Both events won’t be too far apart though with the ECB set to announce their decision at 1215 GMT before the US inflation numbers come about at 1230 GMT.But until we get to that, it’s going to be a rather pensive and tentative session in European morning trade.The ECB isn’t going to be cutting key interest rates today and president Lagarde should reaffirm most of the same communique that we’ve…

EUR/GBP is poppin’ up long wicks near a key trend support zone. Think the pair will extend its uptrend in the next trading sessions? Let’s take a look at the 4-hour time frame! EUR/GBP 4-hour Forex Chart by TradingView The ECB takes the stage today, and judging from members’ speeches we’ve heard lately, they may not sound quite as dovish this time around. Traders will be watching for any shift in tone that hints at how long rates might stay where they are. Over in the U.K., the pound could get tossed around by Friday’s GDP release and a batch…

The U.S. Producer Price Index unexpectedly fell 0.1% m/m in August, bringing annual wholesale inflation to 2.6% – well below economist expectations. The core PPI, which excludes volatile food and energy prices, also declined 0.1% monthly and rose 2.8% y/y, missing forecasts. The surprisingly soft inflation data confirmed that businesses are absorbing tariff costs rather than passing them through to consumers, providing the Fed with additional justification for monetary policy easing. Key Takeaways from U.S. PPI Report: Headline PPI: -0.1% m/m, +2.6% y/y (vs. +0.3% m/m, +3.3% y/y expected) Core PPI: -0.1% m/m, +2.8% y/y (vs. expectations of +3.5% y/y)…

Markets shifted gears on Wednesday as softer U.S. producer prices, looming ECB uncertainty, and rising geopolitical tensions set the stage for Thursday’s all-important CPI release. With Fed rate cut odds near 90% and policy divergence in play, traders are bracing for a potentially volatile session. Check out the headlines and economic updates you may have missed in the latest trading sessions! Headlines: New Zealand Visitor Arrivals for July: 6.6% y/y (2.5% y/y forecast; 0.8% y/y previous) Japan Reuters Tankan Index for September: 13.0 (10.0 forecast; 9.0 previous) Israel strikes Hamas leadership in Qatar Chinese insurance firms have increased their equity exposure…

We’ve got a fresh batch of growth figures from the U.K. economy this week! Will the GDP data make or break BOE policy expectations? Source link

WTI crude oil made a couple of failed attempts to break below the $62 per barrel mark, creating a potential double bottom on its 4-hour time frame. Are bulls about to charge soon? WTI Crude Oil (USOIL) 4-hour Chart by TradingView Global supply jitters on resurfacing geopolitical tensions are propping the energy commodity higher these days, as investors are keeping close tabs on attacks in the Middle East and in Ukraine. At the same time, a weakening U.S. dollar on account of rising Fed rate cut expectations for the month are lifting risk assets like crude oil as well. Can…

Alliance Entertainment outlines sustainable margin gains and exclusive partnerships while expanding collectibles portfolio Source link

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