Italy Business Confidence rose from previous 88.5 to 88.8 in March
Italy Business Confidence rose from previous 88.5 to 88.8 in March
Eurozone M3 Money Supply (3m): 3% (February)
Eurozone M3 Money Supply (3m): 3% (February)
Italy Consumer Confidence down to 92.6 in March from previous 97.4
Italy Consumer Confidence down to 92.6 in March from previous 97.4
Eurozone Private Loans (YoY) came in at 3%, below expectations (3.1%) in February
Eurozone Private Loans (YoY) came in at 3%, below expectations (3.1%) in February
Eurozone M3 Money Supply (YoY) below expectations (3.3%) in February: Actual (3%)
Eurozone M3 Money Supply (YoY) below expectations (3.3%) in February: Actual (3%)
EUR/USD: Rally vulnerable without Gulf de-escalation – ING
ING’s Francesco Pesole highlights that EUR/USD has slipped back below 1.16 despite firm risk sentiment, as earlier gains on the European Central Bank’s (ECB) surprise hawkishness are partly unwound. Markets have reduced pricing for an April ECB hike, closely tracking Oil moves.
USD: Real rate support capped by Europe – BNY
BNY strategist Geoff Yu argues that rising European real yields are increasingly offsetting traditional support for the Dollar from higher US real rates. He notes that the spread between US and European real rates has stayed tight, limiting further Dollar upside.
NZD/USD Price Forecast: Slips below 0.5800 toward two-month lows
NZD/USD extends its losing streak for the third successive day, trading around 0.5780 during the European hours on Thursday. The technical analysis of the daily chart signals a bearish bias as the pair is consolidating within a descending channel pattern.
EUR/GBP holds above 0.8650 as hawkish ECB comments support the Euro
The Euro (EUR) edges up slightly against the British Pound (GBP) on Thursday, yet moving within previous ranges, following downbeat German consumer confidence figures and hawkish comments by European Central Bank (ECB) member and Bundesbank President Joachim Nagel.
Fed: Expected to stay on hold – ABN AMRO
ABN AMRO’s Senior US Economist Rogier Quaedvlieg argues that US growth has slowed sharply outside AI-related activity, with near-zero job creation and downgraded GDP.
USD/CHF edges up to near 0.7925 as US Dollar remains firm amid Middle East uncertainty
The USD/CHF pair ticks higher to near 0.7925 during the European trading session on Thursday. The Swiss Franc pair gains as the US Dollar (USD) holds onto gains amid growing doubts over an early ceasefire between the United States (US) and Iran, following the release of Tehran’s conditions.
Dow Jones futures dip as Middle East peace prospects diminish
Dow Jones futures decline 0.39% below 46,550 during European hours, ahead of the United States (US) regular market open on Thursday. Meanwhile, S&P 500 and Nasdaq 100 futures fall 0.40% and 0.44% to near 6,610 and 24,250, respectively, at the time of writing.