Struggles below $88.00 as bearish signals persist
West Texas Intermediate (WTI) Crude Oil prices reverse an intraday fall to the $86.00 mark, back closer to the overnight swing low, though traders seem reluctant to place directional bets amid mixed geopolitical signals. Reports suggest that diplomatic efforts are underway to introduce a one-month ceasefire mechanism to allow the US and Iran to negotiate […]
UK CPI set to remain elevated in February, reinforcing BoE tightening bets
The UK Office for National Statistics (ONS) will release the February Consumer Price Index (CPI) figures on Wednesday at 07:00 GMT, a print that will matter for markets. Consensus expectations point to inflation pressures keeping their grasp on the economy. UK consumer inflation remains one of the most important inputs for the Bank of England […]
Will Australia’s February CPI reinforce the RBA hawkish expectations?
The Australian Bureau of Statistics (ABS) will release the Consumer Price Index (CPI) for February on Wednesday at 00:30 GMT, with inflation expected to hold steady at 3.8% YoY and come in flat on a monthly basis. This release comes as the Reserve Bank of Australia (RBA) has already raised its key rate to 4.10%, […]
US Dollar rebounds towards 159.00 as bulls target 160.00
USD/JPY resumes its upward trajectory on Tuesday after testing the 20-day Simple Moving Average (SMA) at 158.10 on Monday, rising towards 159.00, posting gains of over 0.14%. USD/JPY Price Forecast: Technical Outlook The USD/JPY remains bullish-biased, even though Monday’s reversal opened the door to testing lower prices, such as the March 5 pivot low at […]
EUR/JPY holds as Eurozone PMI weakens and Japanese inflation softens
The EUR/JPY cross is trading in a neutral zone near 184.00 after the Eurozone Purchasing Manager Index (PMI) data indicated a significant loss of economic momentum in the region. The Eurozone Composite PMI dropped to 50.5 from 51.9, marking a 10-month low, while the Services PMI fell to 50.1 from 51.9. However, Manufacturing provided some […]
EUR/USD pares losses as US Dollar eases after PMI data
The Euro (EUR) recovers modestly against the US Dollar (USD) on Tuesday, helping EUR/USD trim part of its earlier losses as the Greenback pulls back slightly from intraday highs following the latest S&P Global Purchasing Managers Index (PMI) release. At the time of writing, the pair trades near 1.1590, down about 0.20% on the day […]
BoJ wage dynamics back further hikes – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that USD/JPY is trading directionless just below 159.00 as Japanese inflation slowed in February but is expected to rebound. Despite softer headline and core CPI, underlying inflation remains above the Bank of Japan’s (BoJ) fiscal 2026 projection. Strong spring wage negotiations are seen justifying a resumption of BoJ […]
April hike expected after soft data – Danske Bank
Danske Research Team notes softer Japanese data, with composite PMI slipping and core CPI falling below target for the first time in four years, largely due to fuel subsidies. Despite this, PMIs show rising input prices and a weak Japanese Yen. Danske Bank expects the next Bank of Japan rate hike in April, with markets […]
US Dollar Index holds gains near 99.50 due to Iran conflict uncertainty
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, recovers its recent losses from the previous day and is trading around 99.40 during the early European hours on Tuesday. Traders remain focused on incoming economic data, with the flash S&P Global US Purchasing Managers’ Index (PMI) […]
Pound Sterling weakens as Middle East tensions escalate
The GBP/USD pair faces selling pressure after registering modest gains in the previous day, trading near 1.3400 during the Asian session on Tuesday. The risk-sensitive pair weakens amid rising risk aversion as US-aligned Gulf states move closer to direct involvement in the Iran conflict, with Saudi Arabia signaling a potential military shift, according to a […]
