The UK wrapped up the week on a down note, as GDP contracted in May by 0.1% m/m. This followed a 0.3% decline in April and missed the consensus of 0.1%.
Fri, 11 Jul 2025 05:23:50 -0400
→ For Canada, tariffs are set at 35%. They are scheduled to take effect on 1 August, although negotiations may take place before this date, potentially influencing Trump's final stance.
Fri, 11 Jul 2025 05:18:01 -0400
ECB Executive Board member Isabel Schnabel signaled in an interview with Econostream Media that there is urgency for further easing. Schnabel noted that inflation is now projected to be at 2% target over the medium term, and expectations remain “well anchored”, while interest rates are in a “good place”.
Fri, 11 Jul 2025 04:42:44 -0400
The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday.
Fri, 11 Jul 2025 04:42:14 -0400
ECB in a good position to carefully consider upcoming steps. If downside growth risks strengthen disinflationary process, ECB should keep easing monetary policy.
Fri, 11 Jul 2025 04:34:37 -0400
The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected and inflation is moored at 2%, ECB board member Isabel Schnabel said in an interview published on Friday.
Fri, 11 Jul 2025 03:47:15 -0400
She generally leans more on the hawkish side. She sounds like the easing process for her is done already and she would need "significant inflation deviation" to force her to reconsider her current stance.
Fri, 11 Jul 2025 03:41:34 -0400
At the start of the week, things were hopeful as the EU and US aimed for a makeshift deal as negotiations look set to extend further. But come today, suddenly the situation is in limbo as Trump yesterday said he will be sending a letter to the EU today.
Fri, 11 Jul 2025 03:23:59 -0400
Brent crude stalls at $70 resistance as EMAs slope downward; traders await breakout confirmation amid fragile risk sentiment and OPEC+ speculation.
Fri, 11 Jul 2025 03:17:10 -0400
Looking at the breakdown, the economic outlook index is lower than it was in 2024 but the indices for the past financial situation, financial outlook, and major purchase intentions are all higher than it was a year ago.
Fri, 11 Jul 2025 02:56:34 -0400
There is also a slight increase in core inflation, up to 1.2% from 1.1% in May. But all things considered, overall price levels here aren't as critical as what we're seeing with the likes of Germany at least.
Fri, 11 Jul 2025 02:45:22 -0400
The Indian rupee weakened on Thursday on the back of dollar bids from foreign banks and a broadly stronger greenback, after U.S. President Donald Trump continued to up the ante on tariffs by announcing a 35% levy on Canadian imports starting August 1.
Fri, 11 Jul 2025 02:25:00 -0400
UK GDP unexpectedly contracted by -0.1% mom in May, missing expectations for 0.1% mom growth. The weakness was driven by a sharp -0.9% mom drop in industrial production and a -0.6% mom fall in construction output, partially offset by a modest 0.1% mom gain in services—the largest sector of the economy.
Fri, 11 Jul 2025 02:16:56 -0400
Prior -0.3% This article was written by Justin Low at www.forexlive.com.
Fri, 11 Jul 2025 02:00:08 -0400
Prior -0.3% Services % vs +0.1% m/m expected Prior -0.4% Industrial output % vs 0.0% m/m expected Prior -0.6% Manufacturing output % vs -0.1% m/m expected Prior -0.9% Construction output % vs +0.2% m/m expected Prior +0.9% This article was written by Justin Low at www.forexlive.com.
Fri, 11 Jul 2025 02:00:04 -0400
WTI Crude Oil price failed to continue higher above $72.50 against the US Dollar. There was a strong bearish reaction below the $70.00 and $68.00 levels.
Fri, 11 Jul 2025 01:58:49 -0400
Dollar advanced broadly after US President Donald Trump escalated trade war again with a fresh 35% tariff on Canadian imports. The announcement cited Canadian retaliation and the fentanyl crisis as justification, while threatening even steeper duties if Ottawa imposes further countermeasures.
Fri, 11 Jul 2025 01:56:22 -0400
The dollar continues to find steadier footing on the week, with Trump's latest tariff threats looking like he might just come down hard against many countries when we get to 1 August. In the bigger picture, the latest dollar gains isn't too significant after having been battered down amid the policy incoherence and loss of credibility/confidence.
Fri, 11 Jul 2025 01:23:29 -0400
The Japanese Yen (JPY) maintains its heavily offered tone against a broadly firmer US Dollar (USD) through the Asian session on Friday, with the USD/JPY pair looking to build on the positive momentum beyond the 147.00 mark. Concerns about the potential economic fallout from US tariffs, along with declining real wages and signs of cooling inflationary pressures, might force the Bank of Japan (BoJ) to forgo raising interest rates this year.
Fri, 11 Jul 2025 01:08:32 -0400
On Friday, Statistics Canada will release the results of the Canadian Labour Force Survey. Market investors predict that the report will come in on the soft side, which might encourage the Bank of Canada (BoC) to resume its easing cycle.
Fri, 11 Jul 2025 01:00:00 -0400