Author: FX
European Central Bank (ECB) policymaker Madis Muller explained on Friday that their decision to cut key rates by 25 basis points at the April policy meeting was supported by the drop in energy prices, and tariffs. Muller further added that policy rates are no longer a constraint on the Eurozone’s economic activity, adding that the ECB’s key indicators are moving in the right direction. Finally, he argued that a more fragmented world economy can push up prices.Market reactionEUR/USD showed no immediate reaction to these comments and was last seen trading virtually unchanged on the day at 1.1368. ECB FAQs The…
Near-term growth outlook is more challenging.Rate cut supported by energy price drop and tariffs.Rates no longer a constraint on economic activity.ECB’s key indicators are moving in the right direction.More fragmented world economy can push up prices. This article was written by Giuseppe Dellamotta at www.forexlive.com. Source link
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the inflation risk from trade tensions seems weak and could even be downward, per Reuters. Commenting on US President Donald Trump’s criticism of Federal Reserve (Fed) Chairman Jerome Powell, “Fed’s Powell is doing his job very well because he is telling the truth as it is,” Villeroy said and added that Trump is wrong for criticizing Powell for cutting rates too slowly. Market reaction EUR/USD showed no immediate reaction to these comments and was last seen trading marginally higher on the day at 1.1375. ECB FAQs The…
AUD/JPY stays subdued amid thin trading, as Australian markets remain closed for the Good Friday holiday.Australia’s March labor data has intensified speculation of a potential 25 basis point rate cut by the RBA in May.In Japan, the “core-core” CPI, , which excludes fresh food and energy—rose to 2.9% in March from 2.6% in February.AUD/JPY retraces its recent gains from the previous session, trading around 90.80 during the European hours on Friday. The currency cross remains under pressure as the Australian Dollar (AUD) weakens in light trading, with local markets closed for the Good Friday holiday.Minutes from the Reserve Bank of…
Here is what you need to know on Friday, April 18:Major currency pairs stay quiet on Friday as trading volumes thin out, with major markets remaining closed in observance of the Easter Holiday. The economic calendar will not offer any high-tier data releases, paving the way for subdued market action heading into the weekend. US Dollar PRICE This month The table below shows the percentage change of US Dollar (USD) against listed major currencies this month. US Dollar was the weakest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD -4.95% -2.70% -5.05% -3.80% -2.07% -4.94%…
The US Dollar Index remains under pressure as concerns mount over the economic fallout from tariffs on the United States. The CME FedWatch Tool shows that traders are now anticipating the first Fed rate cut to occur in July. President Trump stated that a trade deal with China could be finalized within the next three to four weeks. The US Dollar Index (DXY), which measures the US Dollar (USD) against a basket of six major currencies, is remaining below 99.50 during the early European hours on Friday. The Greenback remains subdued amid growing concerns over the economic impact of tariffs…
An equal weighted portfolio of Apple (AAPL), Microsoft (MSFT) and Nvidia (NVDA) has a high degree of correlation with the Nasdaq 100 Index (NDX) and Invesco’s popular ETF that tracks the index (QQQ). Source link
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EUR/JPY steadies around 161.85 in Friday’s early European session. Japan’s CPI inflation grew 3.6% YoY in March. The ECB cut rates by 25 bps to 2.25% at the April meeting on Thursday. The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump’s trade war remains a source of deep uncertainty. However, Trump on Thursday offered some encouraging signals that negotiations with other countries could lead to lower tariffs. The optimism surrounding trade talks could undermine safe-haven currencies like the Japanese Yen (JPY). Japan’s National Consumer Price Index (CPI) grew 3.6% year on year in March,…
We need to determine whether it’s possible to end the war in Ukraine.Talking about a matter of days to make that clear.If not possible, the President will possibly say “we’re done”.We need to determine quickly whether it’s doable.If not possible, we have other priorities.Had positive meetings on Thursday.Hope to hear back from Ukrainians soon.If it’s not possible to end the war in Ukraine, we need to move on.There are a lot of other things going on in the world.We recognise Ukraine wants to feel it will be able to defend itself.We want to avoid thousands of people dying in the…