France Consumer Confidence meets expectations (89) in March
France Consumer Confidence meets expectations (89) in March
France Business Climate in Manufacturing came in at 99 below forecasts (100) in March
France Business Climate in Manufacturing came in at 99 below forecasts (100) in March
EUR/JPY remains subdued near 184.00 due to rising BoJ rate hike bets
EUR/JPY halts its four-day winning streak, trading around 184.20 during the European hours on Thursday. The currency cross holds losses as the Japanese Yen (JPY) draws support from rising expectations of a near-term rate hike by the Bank of Japan (BoJ).
US: War shock keeps prices elevated – Rabobank
Rabobank’s Philip Marey and Kan Ji argue that higher global Oil prices from the Iran conflict will push US inflation higher and keep it more persistent.
Forex Today: Markets turn risk-averse as ceasefire optimism fades
Here is what you need to know on Thursday, March 26:
USD/JPY Price Forecast: Holds onto gains near 159.50 following US Dollar’s footprints
The USD/JPY pair trades sideways around 159.40 during the European trading session on Thursday. The pair seems to be following the footprints of the US Dollar (USD), which clings to the previous day’s high amid uncertainty surrounding the war in the Middle East.
NOK: Hawkish tone in focus – Commerzbank
Commerzbank analyst Michael Pfister notes that the central bank of Norway, Norges Bank is set to decide policy after previously signalling only gradual cuts, making a rate reduction unlikely, especially following the Iran war.
Equities: Cyclicals lead as geopolitical reversal trade extends – Danske Bank
Danske Research Team notes global equities extended gains, with Stoxx 600 up 1.4% and S&P 500 up 0.5% in a geopolitical reversal trade. Cyclicals outperformed defensives, though investors remain only cautiously optimistic.
USD/CAD Price Forecast: Bulls retain control above 1.3800 as fresh breakout comes into play
The USD/CAD pair prolongs its weekly uptrend for the fourth successive day and climbs to over a two-month high during the early European session on Thursday. Spot prices currently trade around the 1.3820 region, up 0.10% for the day, and seem poised to appreciate further.
Sweden Trade Balance (MoM) down to 1.8B in February from previous 6.3B
Sweden Trade Balance (MoM) down to 1.8B in February from previous 6.3B
Sweden Trade Balance (MoM) rose from previous 6.3B to 162B in February
Sweden Trade Balance (MoM) rose from previous 6.3B to 162B in February
Germany GfK Consumer Confidence Survey came in at -28, below expectations (-26.5) in April
Germany GfK Consumer Confidence Survey came in at -28, below expectations (-26.5) in April