US Dollar Forecast: Focus Shifts from Risk Rally to the Fed, NFP
US PCE data provided the catalyst to help the dollar end the week flat. Will concerns around re-accelerating inflation emerge in the FOMC statement, buoying USD?
Euro Weekly Forecast – EUR/USD, EUR/GBP Fundamental, Technical and Sentiment Analysis
The Euro is drifting lower going into the weekly close. Next week, economic data and events may see EUR/USD and EUR/GBP resistance and/or support levels tested again.
Russian C.Bank Holds Rates at 16, Raises Inflation Forecast
MOSCOW, April 26 Reuters Russia39;s central bank held its key interest rate at 16 for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4 target this year. The decision was in line with a Reuters poll of economists, […]
U.S. GDP Growth SlowsQ1, U.S. Unemployment Claims Retreat Slightly, Advanced GDP Price Index Q1 Rose to 3.1, U.S. Dollar Weakened, JPY Weakened, Commodities to Upside
Previous Trading Days Events 25.04.2024 U.S. economic growth GDP change slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. U.S. Gross Domestic Product GDP increased at a 1.6 annualised rate last quarter versus a […]
RUB Hits OneMonth High after Central Bank Holds Rates
April 26 Reuters The Russian rouble firmed to a onemonth high past 92 to the dollar on Friday after the central bank held interest rates at 16, as expected, and slightly worsened Russia39;s inflation outlook. By 1048 GMT, the rouble was 0.1 stronger against the dollar at 91.86 , its strongest since March 27. All […]
Pound Steadies against Dollar, Jumps to 16Year High vs Yen
LONDON, April 26 Reuters Sterling steadied on Friday after rising to a twoweek high against the dollar as markets awaited for key U.S. inflation data for clues on the Federal Reserve39;s next moves. Against the closely watched declining yen, sterling rose to its highest level in almost 16 years. It was flat at 1.2510 after […]
JPY Hits new 34Year Low; USD Rises after Inflation Data
BOJ leaves rates unchanged, signals future hikes Dollaryen hits fresh 34year high Markets on lookout for Japan intervention U.S. PCE report comes in line with expectations September Fed rate cut odds increase NEW YORKLONDON, April 26 Reuters The dollar soared to a fresh 34year high against the yen on Friday, bolstered in part by U.S. […]
FTSE 100 Continues Record Run, Darktrace Rallies on Buyout Deal
Darktrace rallies after Thoma Bravo39;s buyout deal U.S. PCE data due at 0830 ET FTSE 100 up 0.4, FTSE 250 adds 1 April 26 Reuters Britain39;s FTSE 100 rose to another record high on Friday as strong earnings from U.S. tech giants buoyed investor sentiment, while cybersecurity firm Darktrace rallied following a buyout deal by […]
Europe Shares on Track for Weekly Gains; Thyssenkrupp Glows
Airbus falls to bottom of CAC 40 on weakerthanfeared Q1 Amundi surges after upbeat Q1 inflows U.S. March PCE data awaited at 1230 GMT STOXX 600 up 0.6 April 26 Reuters European shares rose on Friday and looked set to end the week higher as investors cheered robust results from tech giants in the United […]
Inflation in Japans Capital Slows more than Expected, Slides below BOJ Goal
Tokyo core CPI rises 1.6 yryr in April vs f39;cast 2.2 Index excluding fresh food, fuel rises 1.8 in April Service inflation slows in April, may affect BOJ decision Data highlights uncertainty on BOJ39;s rate hike timing, pace TOKYO, April 26 Reuters Core inflation in Japan39;s capital slowed much more than expected in April and […]