Author: FX
GBP/USD slips as trader war fears, central bank uncertainty weigh The Pound Sterling (GBP) is dropping some 0.29% against the US Dollar (USD) on Friday, set to end the week unchanged after major central banks featured monetary policy decisions led by the Federal Reserve (Fed) and the Bank of England (BoE). At the time of writing, GBP/USD is trading at 1.2931 after hitting a daily peak of 1.2969. Read More… Pound Sterling underperforms US Dollar as Fed supports restrictive policy stance The Pound Sterling (GBP) extends correction to near 1.2920 against the US Dollar (USD) in North American trading hours on Friday. The GBP/USD pair weakens as the US Dollar extends…
Federal Reserve (Fed) Bank of New York John Williams noted during an appearance at the Biennial Macroeconometric Caribbean Conference, in Nassau, that the Fed’s job of forecasting economic outcomes is becoming increasingly difficult, specifically under the weight of trade war threats from the Trump administration. Key highlights The Fed’s current forecasted rate path looks reasonable. Downside economic risks and upside inflation risks are both very high. The key issue for monetary policy is managing risks and uncertainties. The US central bank is not in a hurry to make the next monetary policy decision. It has become harder to forecast the outlook right…
EUR/USD was seen trading around the 1.0820 area after the European session, falling for a third consecutive day. Despite shedding over 1% this week, the recent bullish crossover between the 100- and 200-day SMAs may provide a strong base. Momentum indicators turn bearish, with RSI dropping sharply and MACD printing a fresh red bar. EUR/USD declined on Friday’s session after the European close, moving near the 1.0820 zone as the pair tallied a third straight day in the red. After a strong rally earlier in the month, the pair has lost over 1% this week, with momentum indicators now flashing…
The US Dollar pops for third day on geopolitical concerns. The Greenback appreciates despite a drop in US yields and the Fed’s commitment to cut rates. The US Dollar Index tries for a second day in a row to break out of the March low range. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is able to print a third consecutive day of gains, trading around 104.00 at the time of writing on Friday. The DXY tries to move away from the 2025 low at 103.20 reached on Tuesday, after…
United States (US) Federal Reserve (Fed) Governor Christopher Waller said on Friday that he preferred to continue the current pace of balance sheet decline at this week’s meeting, per Reuters. Key takeaways “Slowing or stopping runoff will be appropriate as we get closer to an ample level of reserves.” “In my view, we are not there yet because reserve balances stand at over $3 trillion and this level is abundant.” “No evidence from money market indicators or my conversations that banking system is getting close to an ample level of reserves.” “I believe the slowed runoff pace beginning in June 2024 continues…
EUR/USD falls to near 1.0815 as the Fed is in no rush to cut interest rates soon. US President Trump’s tariff agenda could lead to cost-push inflation globally. ECB Lagarde expects potential Trump-led inflation in the Eurozone won’t be persistent. EUR/USD trades lower to near the 10-day low of 1.0815 in Friday’s North American session. The major currency pair faces selling pressure as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed in the policy meeting on Wednesday that interest rate cuts are not on the table in the current scenario. The US Dollar Index (DXY), which tracks the Greenback’s…
Prior -28UK factories continue to report a downturn in the order book balance for March, with the outlook for the coming months also softening. The monthly balance for output expectations over the next three months fell back to -2 after touching a three-month high of +8 in February. CBI notes that “conditions in the UK’s manufacturing sector remain subdued”. This article was written by Justin Low at www.forexlive.com. Source link
USD/CAD oscillates inside Thursday’s trading range around 1.4330. The Fed is in no hurry to move to interest rate cuts amid elevated consumer inflation expectations. Market experts see the BoC reducing interest rates again in April. The USD/CAD pair ticks higher to near 1.4330 in European trading hours on Friday but remains inside Thursday’s trading range. The Loonie pair is marginally higher even though the US Dollar (USD) trades strongly, suggesting the Canadian Dollar (CAD) also trades firmly. Canadian Dollar PRICE Today The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar…
Greenland sees tourism boost following Trump's attention and new airport Source link
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