The GBP/USD pair is consolidating around 1.2941 this Friday as the British pound continues to outperform its peers. Unlike other major currencies, the pound has remained relatively insulated from escalating global trade tensions, giving it a distinct advantage.
Fri, 28 Mar 2025 05:54:08 -0400
EUR/USD held in surprisingly well yesterday – as did European automakers. The Eurostoxx autos and parts index only fell 1% on the day, either because tariffs were priced in or the view that they would be negotiated away.
Fri, 28 Mar 2025 05:28:58 -0400
The economic outlook for the euro zone is complicated by fears about a trade war with the United States but at least inflation is heading down towards the European Central Bank's 2% target, the ECB's vice-president, Luis de Guindos, said on Friday.
Fri, 28 Mar 2025 05:13:45 -0400
European Central Bank (ECB) Vice President Luis de Guindos said on Friday, “trade war would mostly impact economic growth.”
Fri, 28 Mar 2025 05:12:45 -0400
Oil prices steady near $70.11 – $70.39 resistance with supply disruptions from sanctions clashing with weak demand. U.S. inventory draw fuels a mildly bullish crude oil outlook.
Fri, 28 Mar 2025 05:07:45 -0400
The median for inflation expectations over the next 12 months and for 3 years ahead remains unchanged at 2.6% and 2.4% respectively in February, similar to that of January. But the median rate of perceived inflation over the previous 12 months fell further to 3.1% - its lowest since September 2021.
Fri, 28 Mar 2025 05:07:40 -0400
Italy Business Confidence below expectations (87.5) in March: Actual (86)
Fri, 28 Mar 2025 05:00:59 -0400
Italy Consumer Confidence down to 95 in March from previous 98.8
Fri, 28 Mar 2025 05:00:27 -0400
Germany Unemployment Change came in at 26K, above forecasts (10K) in February
Fri, 28 Mar 2025 04:55:30 -0400
Germany Unemployment Rate s.a. came in at 6.3%, above forecasts (6.2%) in February
Fri, 28 Mar 2025 04:55:03 -0400
Prior 5k Unemployment rate 6.3% vs 6.2% expected Prior 6.2% This article was written by Justin Low at www.forexlive.com.
Fri, 28 Mar 2025 04:55:00 -0400
Rate cuts by year-end Fed: 64 bps (85% probability of no change at the upcoming meeting) ECB: 60 bps (90% probability of rate cut at the upcoming meeting) Following the soft French and Spanish CPI data, traders increased the expected easing from 56 bps to 60 bps. BoE: 45 bps (56% probability of rate cut at the upcoming meeting) BoC: 48 bps (62% probability of no change at the upcoming meeting) RBA: 66 bps (86% probability of no change at the upcoming meeting) RBNZ: 60 bps (70% probability of rate cut at the upcoming meeting) SNB: 12 bps (75% probability of no change at the upcoming meeting) Rate hikes by year-end BoJ: 33 bps (73% probability of no change at the upcoming meeting) This article was written by Giuseppe Dellamotta at www.forexlive.com.
Fri, 28 Mar 2025 04:45:22 -0400
Switzerland's KOF Economic Barometer rose to 103.9 in March, beating expectations of 102.6 and up from revised 102.6 in February. The index has remained above its medium-term average since the start of the year, reinforcing the view that the Swiss economy “remains robust”.
Fri, 28 Mar 2025 04:36:10 -0400
Japan might be one that is most impacted by Trump's auto tariffs but given the nature of their relationship with the US, any major retaliation is off the table.
Fri, 28 Mar 2025 04:32:26 -0400
The ranges of estimates are important in terms of market reaction because when the actual data deviates from the expectations, it creates a surprise effect. Another important input in market's reaction is the distribution of forecasts.
Fri, 28 Mar 2025 04:26:21 -0400
The selling continues as we get into the final stretch of the week, with US futures also keeping lower on the day. S&P 500 futures are now down 0.3% as risk remains on the defensive.
Fri, 28 Mar 2025 04:07:45 -0400
The Pound Sterling (GBP) advances against its major peers on Friday, except the Japanese Yen (JPY), after the release of the United Kingdom (UK) Retail Sales data for February and revised Q4 Gross Domestic Product (GDP) figures. The Office for National Statistics (ONS) reported that Retail Sales, a key measure of consumer spending, surprisingly rose by 1% month-on-month.
Fri, 28 Mar 2025 04:07:01 -0400
EUR/INR today: Indian Rupee cross rates down at the start of the European session
Fri, 28 Mar 2025 04:04:44 -0400
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $69.41 per barrel, down from Thursday's close at $69.77.
Fri, 28 Mar 2025 04:04:21 -0400
Platinum Group Metals (PGMs) trade mixed at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $989.96 a troy ounce, with the XPD/USD pair advancing from its previous close at $980.35.
Fri, 28 Mar 2025 04:02:37 -0400