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Canadian dollar in holding pattern on Election Day

Canada goes to the polls today. The Liberals under Prime Minister Mark Carney are expected to win a majority government but a surprise result could affect the direction of the Canadian dollar. Canada's retail sales declined in February but rebounded in March.

28-04-2025 10:30 GMT by Kenneth Fisher

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Markets weekly outlook - Data dump ahead as tariff concerns linger

This weekly market outlook covers global stock optimism due to easing US-China trade tensions, despite mixed messages. Upcoming high-impact data releases from various regions could raise recession fears. Gold declined as safe haven flows decreased, while Bitcoin surged. The US Dollar Index aims for its first weekly gain since mid-March but remains vulnerable.

25-04-2025 17:07 GMT by Zain Vawda

UK retail sales beat forecast, pound edges lower

UK retail sales surprised on the upside, with an increase of 0.4% m/m in March. Still, consumer confidence worsened in April as consumers are anxious about the cost of living and worsening global trade tensions. In the US, UoM consumer inflation expectations is expected to jump to 6.7%, up from 5.0% a month earlier.

25-04-2025 10:30 GMT by Kenneth Fisher

Yen loses ground as Tokyo core CPI hits 2-year high

Tokyo Core CPI surged to 3.4%, up sharply from 2.4%. The BoJ is expected to hold rates in May, with a rate hike expected in June or July. The UoM consumer inflation expectations index is expected to hit 6.7%, up from 5% in the previous release.

25-04-2025 09:00 GMT by Kenneth Fisher

British pound climbs, UK retail sales eyed

The British pound is in positive territory after two consecutive days of losses. UK retail sales is expected to decline in March and UoM inflation expectations are projected to rise to 6.7%.

24-04-2025 15:50 GMT by Kenneth Fisher

Japanese yen rebounds after corporate service inflation beats estimate

The yen has recovered on Thursday after sharp losses a day earlier. Japan will release Tokyo Core CPI on Friday, which is expected to jump to 3.2% from 2.4%. The US dollar posted sharp gains on Wednesday after President Trump said US tarriffs would be reduced against China.

24-04-2025 10:15 GMT by Kenneth Fisher

British PMIs slip, Trump says won't fire Powell

UK services and manufacuturing PMIs fell into contraction territory, underscoring the weak UK economy. Equity markets have climbed after President Trump said he did not intend to fire Fed Reserve Chair Powell and said that tariffs on China would be lowered.

23-04-2025 14:50 GMT by Kenneth Fisher

Euro under pressure as Services PMIs slip

The euro is showing limited movement on Wednesday. Euro and German Services PMIs missed expectations and fell into contraction territory. Business acitivity has been hampered by US tariffs which have chilled the global economy landscape.

23-04-2025 10:45 GMT by Kenneth Fisher

Euro hits 3.5 year high, ECB closing in on inflation target

ECB member Peter Kazimir said on Tuesday that he expected the ECB to achieve its 2% inflation target in the next few months. Kazimir cautioned against projecting where monetary policy was headed because of volatile conditions in the market. US President Trump has continued to attack Fed Chair Powell, which has weighed on the equity markets.

22-04-2025 14:30 GMT by Kenneth Fisher

Yen extends gains, BOJ Core CPI lower than expected

The Japanese yen continues to make inroads against the US dollar. Japanse inflation remains high and BoJ is expected to raise rates, although US tariffs have complicated matters and the timing of the next rate hike is unclear.

22-04-2025 10:50 GMT by Kenneth Fisher

Australian dollar climbs, China holds key lending rates

The Australian dollar has posted strong gains on Monday. The US dollar has retreated against the majors after President Trump threatened to fire Fed Chair Powell. China's central bank held key lending rates, reflecting strong economic data in April.

21-04-2025 15:45 GMT by Kenneth Fisher

Yen surges to five-month high as US dollar under pressure

The Japanese yen is sharply higher on Monday, as the US dollar has retreated against the major currencies. The dollar's decline follows renewed attacks by President Trump on Fed Chair Powell for not lowering interest rates. Last week, Powell said US tariffs would raise inflation. This will make it more difficult for the Fed to lower interest rates.

21-04-2025 10:45 GMT by Kenneth Fisher

New Zealand inflation higher than expected, New Zealand dollar hits five-month high but reverses

New Zealand's CP rose to 2.2% y/y in Q1 of 2025, up from 2.3% and higher than expected. Despite the increase, the Reserve Bank is expected to lower rates at the May meeting, as concerns remain over US tariff policy which could dampen New Zealand's economy.

18-04-2025 12:30 GMT by Kenneth Fisher

ECB lowers rates, Euro edges higher

The ECB lowered interest rates by a quarter-point, a move that was expected by the markets. The ECB expressed concern that US tariff policy could dampen eurozone growth. US President Turmp has threatened further tariffs on Europe, which would further escalate trade tensions.

18-04-2025 10:00 GMT by Kenneth Fisher

Markets weekly outlook - Tariff rollercoaster continues, ECB rate decision and inflation data in focus

This week's market outlook covers significant USD volatility, hitting 2022 lows, driven by tariff changes and global economic concerns. Gold prices surge, while oil faces losses. The US Treasury market sees its biggest yield jump in 20 years amid investor worries. Focus on upcoming ECB meeting, central bank decisions and China's GDP are expected.

11-04-2025 20:03 GMT by Zain Vawda

British pound keeps rolling as UK GDP shines

The pound continues to rally and has gained 0.9% today. UK GDP surprised on the upside with a strong gain of 0.5%. The US-China trade war has escalated with China lifting tariffs on US products to 125%.

11-04-2025 10:00 GMT by Kenneth Fisher

British pound surges higher, UK GDP next

The British pound has posted sharp gains today as the financial markets have soared following the US announcement of a suspension of tariffs. On Friday, the UK releases GDP.

10-04-2025 13:30 GMT by Kenneth Fisher

Australian inflation expectations jump, Aussie gains ground

The Australian dollar has extended its gains and is showing strong volatility in response to the wild swings in the equity markets. China's deflationary pressures continue which could spell trouble for Australia's export sector.

10-04-2025 11:20 GMT by Kenneth Fisher

Yen surges to six-month high, BoJ cautious

The Japanese yen has extended its gains and is up 1.1% today. The yen is benefiting from safe-haven flows as nervous investors are fleeing the equity markets. BOJ Governor Ueda said today that the BoJ will be monitoring the impact of US tariffs before raising interest rates.

09-04-2025 14:10 GMT by Kenneth Fisher

RBNZ lowers rates by a quarter-point, New Zealand dollar rises

The Reserve Bank of New Zealand trimmed rates by a quarter-point, lowering the cash rate to 3.5%. The rate statement expressed satisfaction that inflation was close to 2% but noted concern about the downward risk to New Zealand's growth due to the US tariffs.

09-04-2025 10:40 GMT by Kenneth Fisher

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