Currency News

Intraday opportunity: Look for CADJPY buyers if the BoC cuts by only 25bps The Bank of Canada’s interest rate decision today presents a crucial moment for the Canadian dollar, with a consensus split between a 25 basis point (bps) and 50bps cut. Markets are largely expecting a 50bps cut, which would take the rate down … Read more

Gold’s current rally has been remarkable, as it continues to make fresh highs even against the backdrop of rising yields and a strengthening US dollar. Typically, we would expect higher yields and a stronger dollar to weigh on gold prices, but this unusual divergence is sending strong signals about the underlying demand for gold. A … Read more

Euro Pound Bottoming? Watch for a Reversal As we look at EUR/GBP, the currency pair is showing early signs of bottoming out, with the euro looking more likely to gain ground against the pound. The macro backdrop suggests we could be entering a phase where the euro strengthens, particularly if the market receives the right … Read more

EURGBP Could rally on an ECB Rate Hold: UK CPI Miss Fuels Momentum The market response to a potential ECB rate hold is worth considering, particularly in the EURGBP pair, where we are seeing upside momentum gain traction. The backdrop of this week’s weaker-than-expected UK CPI print has further intensified expectations for a near-term shift … Read more

UK CPI Miss Triggers Pound Sell-Off, BoE Rate Cuts Likely The latest UK inflation data has taken the market by surprise, delivering a notable miss. The headline inflation rate fell to 1.7% in September 2024, down from 2.2% in August, marking the lowest reading since April 2021. Core inflation also moderated significantly, down to 3.2% … Read more

UK Inflation Data Tomorrow: Euro Pound Buyers To Step In? The UK jobs data released today paints a mixed picture, highlighting the complex dynamics in the labor market. On the surface, the drop in the unemployment rate to 4.0% in August might signal strength. However, according to ING,  deeper analysis reveals a cooling jobs market, … Read more

Euro/Pound: Awaiting a Catalyst as UK CPI and ECB Loom The Euro/Pound has been trading in a narrow range recently, but this could soon change as two major events unfold this week: the UK’s Consumer Price Index (CPI) report on Wednesday and the European Central Bank’s (ECB) meeting on Thursday. These events are expected to … Read more

How Oil Prices Are Fueling Inflation Today! Analyzing the recent UK GDP data and what lies ahead for the pound, it’s evident that the British economy is grappling with a delicate balance. The economy expanded 0.2% month-on-month in August, after a stagnant July and June, aligning with market expectations. However, the year-on-year growth of 1% … Read more

How Oil Prices Are Fueling Inflation Today! The relationship between rising oil prices and inflation is not just linear—it’s systemic. As the cost of oil rises, so too does the cost of transporting goods, manufacturing, and running entire economies. This creates a ripple effect that extends well beyond the energy markets, driving up the prices … Read more

Oil Spike Incoming? Watch These Dollar Moves! Geopolitical tensions have always been a key driver of market uncertainty, and the current situation in the Middle East is no exception. The potential for Israel to retaliate against Iran’s oil infrastructure could have far-reaching consequences, not only in terms of oil prices but also in broader market … Read more