United States ADP Employment Change 4-week average fell from previous 39.25K to 33K in April 18
United States ADP Employment Change 4-week average fell from previous 39.25K to 33K in April 18
United States ADP Employment Change 4-week average dipped from previous 39.25K to 30.25K in April 18
United States ADP Employment Change 4-week average dipped from previous 39.25K to 30.25K in April 18
United States ADP Employment Change 4-week average: 33K (April 18) vs previous 39.25K
United States ADP Employment Change 4-week average: 33K (April 18) vs previous 39.25K
EUR/GBP Price Forecast: Bulls test 100-day SMA as UK political turmoil weighs on Pound
EUR/GBP holds firm on Tuesday after hitting a three-week high of 0.8697 earlier in the day, as traders assess rising political instability in the United Kingdom (UK) and stalled US-Iran negotiations. At the time of writing, the cross is trading around 0.8679, up roughly 0.25%
British Pound: Political risk premium builds against Euro – ING
ING’s Francesco Pesole highlights rising political uncertainty in the United Kingdom (UK) as calls grow for Prime Minister Keir Starmer’s resignation, with betting markets seeing a high chance he leaves office this year.
Brazil IPCA Inflation below forecasts (0.7%) in April: Actual (0.67%)
Brazil IPCA Inflation below forecasts (0.7%) in April: Actual (0.67%)
Mexico Industrial Output (YoY) came in at -1.3%, above forecasts (-1.5%) in March
Mexico Industrial Output (YoY) came in at -1.3%, above forecasts (-1.5%) in March
Indian Rupee: India weighs FX defence as Oil rises – BNY
BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules.
Canadian Dollar dives on risk-off markets with US CPI on tap
The Canadian Dollar (CAD) accelerates its decline against the US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714.
Gold: Indian demand risks under Modi call – Commerzbank
Commerzbank strategists highlight concerns from India’s jewellery industry about a potential further setback in Indian Gold jewellery demand, which is important for the physical Gold market.
USD/JPY Price Forecast: Likely extend advance towards 20-day EMA amid firm US Dollar
The USD/JPY pair trades 0.26% higher to near 157.60 during the European trading session on Tuesday. The pair gains as the US Dollar (USD) outperforms its peers due to renewed tensions between the United States (US) and Iran.
US Dollar: Range-bound gains as CPI runs hot – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes that the US Dollar (USD) is firmer as confidence in a swift reopening of the Strait of Hormuz fades, with USD outperforming most major currencies.