Euro holds gains against Japanese Yen amid hawkish ECB rate outlook
The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials. The majority of economists from the Reuters poll, around 85%, indicated that the ECB would raise its deposit rate by 25 basis […]
UK GDP is expected to have picked up pace ahead of Iran’s war
The United Kingdom’s (UK) Office for National Statistics will release the preliminary estimate of the first quarter’s Gross Domestic Product (GDP) report on Thursday. Market analysts have anticipated a 0.6% growth in the three months to March, after a meager 0.1% advance in the last quarter of 2025. Quarterly GDP data, however, will be released […]
Clears 50-day SMA, yet flatlines below 214.00
The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies. Sellers’ failure to drive the cross-pair below the 50-day Simple Moving Average (SMA) at 213.16 opened the door for a recovery, with buyers eyeing the 214.00 mark. GBP/JPY Price Forecast: […]
Hot US inflation data lifts US Dollar as markets brace for Retail Sales and UK GDP
Here is what you need to know for Thursday, May 14: The US Dollar Index (DXY) rises toward the 98.50 region, reaching its highest level since late April after US Producer Price Index (PPI) data came in much hotter than expected. Headline PPI rose 1.4% MoM in April, above the 0.5% forecast, while Core PPI […]
Buyers defend 100-day SMA after intervention-driven volatility
USD/JPY trades with a mild upside bias on Wednesday as the Japanese Yen (JPY) remains under pressure from a stronger US Dollar (USD) and rising Oil prices linked to the Middle East war, given Japan’s heavy reliance on imported energy. At the time of writing, USD/JPY is trading around 157.87, up for a third consecutive […]
Trading mildly softer against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret report EUR/USD trading softer near 1.1711, extending its recent downward drift as markets weigh US–Iran tensions and UK political risks alongside German reform uncertainty. Euro area GDP and industrial production met or slightly missed expectations, while French unemployment rose above 8%. They note spread support loss has stabilized, […]
Euro struggles around 1.1700 with US PPI, Trump-Xi meeting on tap
The Euro (EUR) has bounced up to levels above 1.1700 against the Dollar (USD) but remains nearly 0.6% below Tuesday’s high at 1.1787, as the US Dollar is supported by hot inflation figures on Wednesday. In Europe, data released earlier on the day has failed to boost the Euro, and the focus is now on […]
Bears taking control with 0.5930 support under pressure
The New Zealand Dollar (NZD) is showing the weakest performance of the G8 currencies on Wednesday, heading lower for the second consecutive day against a stronger US Dollar (USD), with NZD/USD bears testing the bottom of the weekly range at 0.5930 at the time of writing. The US Dollar is drawing support from waning hopes […]
Stronger on hot inflation and yields – MUFG
MUFG’s Michael Wan describes how a stronger US Dollar environment emerged as United States (US) April Consumer Price Index (CPI) surprised to the upside and US yields climbed. He notes that bonds sold off sharply, with the US 10-year yield near a one-year high and markets starting to price a potential Federal Reserve (Fed) rate […]
US Dollar Index remains flat after Trump’s recent Iran threats
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining steady after two days of gains and trading around 98.30 during the Asian hours on Wednesday. The Greenback gains ground on the volatile geopolitical climate in the Middle East following recent comments from US President […]
