News
ECB's Simkus: The ECB shouldn't raise interest rates in April
1+ hour, 46+ min ago (298+ words) ECB policymaker, Gediminas Simkus, reiterated the cautious stance regarding the ECB's monetary policy, emphasising that while a rate hike in April is unlikely, the door remains open for policy tightening later this year. The Lithuanian central bank governor indicated that…...
What's next for the dollar as the US-Iran conflict continues to dominate proceedings?
3+ hour, 15+ min ago (468+ words) Amid a mix of messages and a case of "will they, won't they" on US-Iran talks, the dollar has been caught in a bit of limbo in the past week. At the balance, the currency is still lower amid the…...
Indian Rupee stays under pressure amid US-Iran tensions; indefinite ceasefire could help
4+ hour, 6+ min ago (642+ words) The US dollar strengthened a bit yesterday as traders turned more cautious heading into the expected US-Iran talks in Islamabad and the ceasefire deadline. The markets got scared at some point as it looked like the Islamabad talks were dead…...
USD/JPY gains on US-Iran friction, pares back as Trump extends ceasefire
5+ hour, 27+ min ago (488+ words) The US dollar strengthened a bit yesterday as traders turned more cautious heading into the expected US-Iran talks in Islamabad and the ceasefire deadline. The markets got scared at some point as it looked like the Islamabad talks were dead…...
UK March CPI +3. 3% vs +3. 3% y/y expected
6+ hour, 39+ min ago (234+ words) UK headline annual inflation picked up in March as higher energy price inflation feeds into price pressures on the month. The monthly estimate sees a 0. 7% jump in headline inflation, with transport prices being the main driver. Overall, motor fuels inflation…...
JP Morgan stays bearish on the Japanese yen amid higher energy prices
7+ hour, 40+ min ago (348+ words) The fact that Japan relies so heavily on oil imports is a major dampener for the economy, not least with surging energy prices. That will feed into more pain for households and businesses as import cost inflation jumps. And that…...
JPMorgan turns selectively bearish US dollar post-ceasefire, favour high-yield, risk FX
12+ hour, 58+ min ago (415+ words) JPMorgan sees the U. S. -Iran ceasefire as a negative catalyst for the U. S. dollar, arguing that easing geopolitical tensions reduces the currency's safe-haven appeal while reopening opportunities to position for renewed weakness in the greenback. Strategists Meera Chandan and Arindam Sandilya say…...
Kevin Warsh says he wants a new inflation framework
22+ hour, 1+ min ago (396+ words) Trump Fed nominee Kevin Warsh was getting grilled about his independence by Senator Warren, who asked him if Trump won the 2020 election. Warsh responded: "This body certified that election." He was asked a few times and never answered. He was…...
UK February ILO unemployment rate 4. 9% vs 5. 2% expected
1+ day, 6+ hour ago (286+ words) The claimant count for March does show an increase from 17. 1k (revised) in February to a provisional estimate of 26. 8k, which likely will be revised further next month. The good news at least is that there continues to be some improvement in…...
FX option expiries for 21 April 10am New York cut
1+ day, 7+ hour ago (372+ words) There are just a couple of expiries to take note of on the day, as highlighted in bold below. They are both for EUR/USD at the 1. 1760 and 1. 1800 levels. The technical snapshot for the currency pair right now is that…...