Netherlands, The Consumer Spending Volume declined to -0.5% in February from previous 0%
Netherlands, The Consumer Spending Volume declined to -0.5% in February from previous 0%
EUR/JPY advances above 185.00 as fiscal expansion pressures Japanese Yen
The EUR/JPY cross gathers strength to near 185.20 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid fiscal expansion concerns. The German Industrial Production data for February is due later on Thursday.
US President Donald Trump warns of stronger military response if Iran deal fails
US President Donald Trump said on Thursday that US forces will remain deployed around Iran until a final agreement is fully implemented. He emphasized that the Strait of Hormuz must remain open and safe.
USD/CHF slips to near 0.7900 as US-Iran ceasefire uncertainty prevails
USD/CHF remains in the negative territory for the fourth successive day, trading around 0.7910 during the Asian hours on Thursday. The Swiss Franc (CHF) strengthens against the US Dollar (USD) on renewed safe-haven demand amid uncertainty over the United States (US)-Iran ceasefire.
EUR/USD Price Forecast: Bulls await break above 200-SMA/38.2% Fibo. confluence near 1.1670
The EUR/USD pair finds some support near the 1.1650 region during the Asian session on Thursday, and for now, seems to have stalled the previous day's late pullback from over a one-month high.
US Dollar Index moves little due to renewed safe-haven demand
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining flat after three days of losses and hovering around 99.00 during the Asian hours on Wednesday.
GBP/USD Price Forecast: Strives to hold key 20-day EMA
The Pound Sterling trades in a tight range around 1.3400 against the US Dollar (USD) during the Asian trading session on Thursday.
NZD/USD gathers strength above 0.5800 on RBNZ hawkish hold
The NZD/USD pair gains ground to near 0.5830 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following a hawkish pause from the Reserve Bank of New Zealand (RBNZ).
Canadian Dollar slips as USD safe-haven bid offsets oil rebound
USD/CAD gains ground after three days of losses, trading around 1.3860 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) receives support from renewed safe-haven demand amid uncertainty surrounding the ceasefire agreement between the United States (US) and Iran.
RBNZ’s Breman: New Zealand could see stronger growth if Middle East conflict ends soon
Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said that domestic economy could see stronger growth this year if there was a swift resolution to the conflict in the Middle East, Reuters reported on Thursday. She added that the previous rate cuts were still providing some stimulus.
Silver Price Forecast: XAG/USD struggles around $73.50; vulnerable while below 200-EMA
Silver (XAG/USD) is seen extending the previous day's modest pullback from the weekly high and drifting lower during the Asian session on Thursday. The white metal currently trades just below mid-$73.00s, down 2.0% for the day, and seems vulnerable to slide further.
WTI jumps above $92.50 amid US and Iran’s fragile ceasefire
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $92.80 during the Asian trading hours on Thursday. The WTI price jumps after Iran accuses the US of violating elements of a two-week ceasefire agreement.