Euro (EUR) is expected to trade with an upward bias; any advance is likely limited to a test of 1.1225. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group’s FX […]
Likely to consolidate between 1.1100 and 1.1290 – UOB Group Read More »
EUR/USD is extending its recent, quiet consolidation around 1.12 and trading with modest support into Friday’s NA session, Scotiabank’s Chief FX Strategist Shaun Osborne notes. ECB policymakers remain dovish “The renewed fade in Fed expectations is the most important near-term
EUR stuck around 1.12 with risk in Fed pricing – Scotiabank Read More »
The resilience of the US economy in recent years was interpreted by many investors as a demonstration of US ‘exceptionalism’, Rabobank’s FX analyst Jane Foley notes. Greenback’s global lead remains intact for now “The surge in US recession fears that
EUR/USD seen at 1.15 as US outlook weakens – Rabobank Read More »
AUD/USD is struggling to sustain a break above its 200-day moving average at 0.6455. Australia’s labor market remains strong and bodes well for AUD, BBH’s FX analysts report. RBA seen easing cautiously as employment surges in April “Employment overshot consensus
AUD/USD faces resistance despite strong jobs report – BBH Read More »
In its first estimates for 2025/26, the International Grains Council (IGC) forecasts corn production to increase from 1,217mt in 2024/25 to 1,269mt in 2025/26, ING’s commodity experts Ewa Manthey and Warren Patterson note. Markets expect greater output from Brazil, Argentina,
Global grain production estimates raised – ING Read More »
GBP/USD is down to a 5-day low, and 10-year gilts are underperforming. The UK fiscal backdrop is not pretty. Borrowing in the first eleven months of the 2024-25 financial year totaled £132.2 billion, reflecting both higher spending and lower tax
BOE keeps the policy rate steady at 4.50% – BBH Read More »
EUR/USD remains heavy near this week’s lows, BBH FX analysts report. Current account surplus is a natural source of underlying demand for EUR “However, encouraging Eurozone fiscal developments, and the favorable balance of payment backdrop suggest EUR/USD will find good support
EUR/USD may find good support at its 200-DMA – BBH Read More »
USD/CAD is consolidating around 1.4330, BBH FX analysts report. High inflation and unfavorable growth prospect are bad news for CAD “Bank of Canada (BOC) Governor Tiff Macklem delivered a cautious yet pragmatic speech yesterday. Macklem warned ‘Depending on the extent
USD/CAD is in its consolidation phase – BBH Read More »
USD/JPY edged up just under 150.00, BBH FX analysts report. USD/JPY faces important resistance around 152.00 “Japan February CPI was mixed and does not move the dial on BOJ rate expectations. Headline and Core ex. food CPI slowed less than
Yen downside is contained as the BOJ has low tolerance for a weaker JPY – BBH Read More »
The US Dollar (USD) is ending the week a little firmer overall—but still a bit shy of breaking out from the consolidation range in place since the start of the week, Scotiabank’s Chief FX Strategist Shaun Osborne notes. USD firmer
USD firmer but holds consolidation range – Scotiabank Read More »
