NZD/USD hovers near 0.5800 as firm USD and geopolitical tensions cap upside
The NZD/USD pair fell to the 0.5800 region, remaining under pressure as the US Dollar (USD) stays firm amid geopolitical uncertainty and elevated yields. The Greenback continues to draw support from rate differentials and safe-haven demand, particularly as uncertainty resurfaced after Iran signaled reluctance to engage with the United States (US), keeping markets cautious and […]
US Dollar extends advance but stalls near 159.50
USD/JPY registers back-to-back bullish days on Wednesday after testing key support at the 20-day Simple Moving Average (SMA) around 158.24 on Monday, yet it remains shy of clearing the key weekly high of 159.65 hit on Monday. At the time of writing, the pair trades at 159.27, up 0.36%. USD/JPY Price Forecast: Technical Outlook The […]
Government formation faces prolonged negotiations – Nordea
Nordea’s Group Chief Economist Helge J. Pedersen notes that the Danish parliamentary election has produced a highly fragmented Folketing, with 12 parties entering parliament and no majority for either the red or blue bloc. The Moderates, led by Lars Løkke Rasmussen, now hold the balance of power. Pedersen highlights that complex negotiations could delay forming […]
Energy scenarios shape BoE outlook – ING
ING’s James Smith outlines scenarios for UK inflation, with current energy prices implying a brief 4% peak in autumn and ING’s base case of easing disruption pointing to a 3.5% peak in September. He notes inflation should fall near term, with Ofgem’s July cap change key, and sees 2025 as the better guide to economic […]
War-driven inflation outlook reshapes rate path – Nomura
Nomura’s Global Markets Research team notes UK CPI inflation held at 3.0% year-on-year in February, matching Bank of England (BoE) forecasts. Services inflation stayed sticky, but core measures eased slightly. With the Iran war pushing up energy and fuel costs, Nomura now expects the Bank of England to keep rates on hold throughout its forecast […]
Pound Sterling struggles vs USD as 200-day SMA caps gains
The GBP/USD pair once again faces rejection near a technically significant 200-day Simple Moving Average (SMA) and turns lower for the second consecutive day on Wednesday. Spot prices stick to modest intraday losses below the 1.3400 mark through the early European session and react little to the latest UK consumer inflation figures. The UK Office […]
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 […]
