Author: FX

GBP/USD rallies past 1.3000 as China escalates trade-war with US The Pound Sterling (GBP) extends its gains versus the US Dollar (USD) as the US-China trade war escalates, with Beijing imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, GBP/USD trades at 1.3067, up 0.77%. Read More…   GBP/USD climbs above 1.3100 on persistent USD weakness After closing the third consecutive day in positive territory on Wednesday, GBP/USD preserves its bullish momentum and rises about 1% on the day at around 1.3100. Read More…   UK GDP rebounds 0.5%…

Morgan Stanley profit beats estimates, CEO hopeful about deals Source link

EUR/USD trades near the 1.1300 zone after a strong upside in Friday’s sessionMACD flashes a buy signal while the RSI flashes with overbought territoryKey SMAs reinforce the bullish bias, with support seen in the 1.11–1.1000 rangeThe EUR/USD pair extended its rally on Friday, rising sharply and moving near the 1.1300 zone after the European session. With the pair positioned mid-range between 1.1187 and 1.1473, bulls remain in control, pushing toward new highs for the year amid renewed risk appetite.Technical indicators show a strong bullish setup, although some caution emerges. The Relative Strength Index (RSI) stands at 75.43, hinting at overbought…

Federal Reserve (Fed) Bank of New York President John Williams noted on Friday that he overwhelmingly anticipates a general weakening in US economic data as tariffs continue to take root.Key highlightsTariffs will boost inflation to between 3.5% to 4% this year.The economy is beset by very high levels of uncertainty.Tariffs and trade key drivers of huge uncertainty.Modestly restrictive monetary policy is totally appropriate.Fed policy is well positioned for what lies ahead.Current US monetary policy allows the central bank space to react.I remain fully committed to getting inflation back to 2%.Longer-term inflation expectations are anchored, we must maintain that.I expect growth…

St. Louis Federal Reserve President Alberto Musalem said on Friday that he expects the economic growth this year to be lower than the trend, per Reuters.Key takeaways”Tariffs if implemented poses upside risks to inflation, don’t know if that’s months, quarters or years.””On balance, financial conditions have tightened.””If tighter financial conditions sustain for a few months that would affect economic activity.””Higher inflation and softer labor market closer to baseline scenario now.””If inflation expectations become unanchored, have to prioritize fighting inflation.””Tariffs will dampen activity as companies rethink supply chains, consumers face higher prices.””Uncertainty on tariff announcements also a headwind.””Could take quarters, years…

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St. Louis Federal Reserve (Fed) President Alberto Musalem indicated that he was closely monitoring whether a rise in short-term inflation expectations was seeping into longer-term ones, noting that such a development could complicate efforts to combat inflation and diminish the Fed’s flexibility in addressing labour market weaknesses.Key QuotesDistinct possibility that inflation rises even as labour market softens.Appropriate to lean against tariff-induced ‘second-round’ inflation that may be persistent.Inflation expectations must remain anchored for a Fed policy that’s responsive to both employment and price stability concerns to be feasible.Uncertainty is high, Fed policy is well positioned.Downside risks to growth, employment have increased;…

During an interview with Yahoo Finance on Friday, Federal Reserve Bank of Boston President Susan Collins noted that even amidst intense pressure, financial markets seem to be weathering the storm.Key QuotesWe came into first quarter with solid economic conditions. Markets continue to function well. Tariffs will push up inflation pressures. Tariff announcements are very significant. China trade issues are very big for economy. Hard to invest in times of big uncertainty. Current slate of tariffs are very high. Modal view is for slower growth, not a downturn. Financial market movements bear focusing on. Won’t rule out a downturn. Hard to…

JPMorgan's profit jumps on record stock trading as CEO Dimon sees economic turbulence Source link

Akazawa will be meeting with Bessent and Greer for talks, according to the NHK.Japan being one of the closer allies to the US makes this process a bit easier, alongside the fact that they are the ones to approach Trump and his team to talk. But right now, the focus is solely on China and there’s a chance we might not get any progress by the weekend unless Trump or the Fed blinks. If so, be wary of further de-risking later in the day before the two-day break. Source link