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Swiss franc soars as Trump pushes off tariffs

The Swiss franc has steadied on Friday after sliding 1.1% a day earlier. In the European session, USD/CHF is trading at 0.9016, down 0.16% on the day. The US dollar beat a hasty retreat against the major currencies on Thursday, after the White House announced that the US would not impose reciprocal tariffs before April 1.

14-02-2025 07:18 GMT by Kenneth Fisher

NZ dollar extends gains after strong mfg. data

The New Zealand dollar continues to rally on Friday. NZD/USD is trading at 0.5702 in the European session, up 0.43% on the day. Manufacturing PMI unexpectedly expands New Zealand's Manufacturing PMI rose to 51.4 in January, up sharply from the December reading of 45.9 and above the market estimate of 46.0. This was a milestone reading as it marked the first expansion in almost two years and was the highest level since September 2022. All key sub-categories posted growth, including new

14-02-2025 06:28 GMT by Kenneth Fisher

Japanese yen roller-coaster ride continues

The Japanese yen continues to take investors and traders on a roller-coaster ride. After climbing 1.2% on Wednesday, USD/JPY gave almost all of those gains on Thursday, declining 1.05%.

14-02-2025 05:36 GMT by Kenneth Fisher

Aussie inflation expectations jump, AUD higher

The Australian dollar has edged higher on Thursday. In the North American session, AUD/USD is trading at 0.6292, up 0.22% on the day. Australian consumer inflation expectations jump Consumer inflation expectations in Australia climbed sharply to 4.6% in February, compared to 4% a month earlier. This blew past the forecast of 3.8% and marked the highest reading since April 2024.

13-02-2025 11:58 GMT by Kenneth Fisher

UK GDP beats forecast, gives sterling a lift

The British pound has edged higher on Thursday. GBP/USD is trading at 1.2460, up 0.15% on the day. UK GDP beats forecast The UK economy ended 2024 on a high note, as GDP rose 0.4% m/m in December. This was the fastest pace of growth in nine months and blew past the market estimate of 01.%.

13-02-2025 07:31 GMT by Kenneth Fisher

New Zealand dollar calm after inflation expectations ease

The New Zealand dollar is drifting on Thursday. NZD/USD is trading at 0.5639 in the European session, down 0.04% on the day. NZ inflation expectations dip to 2.06% in Q1 2025 New Zealand business inflation expectations didn't show much change in the first quarter. Two-year inflation expectations, which are closely monitored by the central bank, edged lower to 2.06%, compared to 2.12% in the fourth quarter of 2024 and higher than the forecast of 1.8%. The business sector expects inflat

13-02-2025 05:58 GMT by Kenneth Fisher

Germany DAX Technical: Bullish acceleration towards fresh all-time highs

The current bullish trend in the German stock market is supported by positive momentum, market breadth & intermarket dynamics. The DAX and Hang Seng Index (HSI) have a high direct correlation where a further bullish move in HSI may trigger a positive feedback loop into the DAX. Watch the 21,100 key medium-term pivotal support on the DAX. The latest key economic data for January such as manufacturing PMI and consumer confidence in the Eurozone and Germany, one of the anchor European economies a

13-02-2025 05:10 GMT by Kelvin Wong

US CPI higher than expected, dollar strengthens

Join OANDA Market Analyst Kenny Fisher & podcast guest Nick Syiek (TraderNick) as they review the latest market news and moves. MarketPulse provides up-to-the-minute analysis on forex, commodities and indices from around the world. MarketPulse is an award-winning news site that delivers round-the-clock commentary on a wide range of asset classes, as well as in-depth insights into the major economic trends and events that impact the markets.

13-02-2025 05:08 GMT by Kenneth Fisher

Dow Jones (DJIA) Analysis: Inflation Impact and Market Recovery

The Dow Jones initially fell following a US inflation report but recovered somewhat. US consumer prices saw their biggest jump in over a year, supporting the Federal Reserve's stance on interest rates. Fed Chair Powell cautioned against reading too much into the inflation data, citing the PCE inflation gauge as the preferred measure. Uncertainty remains in the markets regarding how tariffs will impact global growth and inflation. The Dow Jones fell around 400 points on Wednesday following a hot

12-02-2025 13:21 GMT by Zain Vawda

GBP/USD dips on hot US inflation report

The British pound is lower on Wednesday. GBP/USD is trading at 1.2400, down 0.37% on the day. US CPI surprises on the upside, hits 3% The January inflation report was hotter than expected, giving the US dollar a boost against the major currencies today.

12-02-2025 10:50 GMT by Kenneth Fisher

NZ dollar eyes US and New Zealand inflation data

The New Zealand dollar is in negative territory on Wednesday. NZD/USD is trading at 0.5636 in the European session, down 0.31% on the day. US CPI expected to tick lower to 0.3% The markets are keeping a close eye on the January inflation report, which will be released later today. Headine inflation is expected to remain unchanged at 2.9% y/y, while monthly it is expected to dip to 0.3% from 0.4%.

12-02-2025 06:05 GMT by Kenneth Fisher

Brent Oil Price Analysis: Sanctions, Production Forecasts, and Technical Outlook

Oil prices are showing surprising resilience despite trade war fears, buoyed by ongoing sanctions on Russian and Iranian oil supplies. The EIA has raised its 2025 forecast for US oil production. A host of factors are influencing Oil price dynamics and is likely to keep market participants guessing. Most Read: Gold (XAU/USD) Outlook: $3000/oz Target Possible as Safe Haven Demand Rises Oil prices continued their recovery today running into a key resistance level.

11-02-2025 15:11 GMT by Zain Vawda

Australian dollar drifting after mixed confidence data

The Australian dollar is showing little movement on Tuesday. In the European session, AUD/USD is trading at 0.6279, up 0.05% on the day. Australian business confidence jumps, consumer confidence stagnant Australian confidence indicators were mixed on Tuesday. The Westpac consumer sentiment index climbed 0.1% in February to 92.2 points, which means a majority of the surveyed consumers were pessimistic about econmic conditions.

11-02-2025 05:35 GMT by Kenneth Fisher

Hang Seng Index: Positive momentum overrides lackluster fundamentals

The emergence of China's AI start-up, DeepSeek has triggered a positive feedback loop into the Hang Seng Index. Mixed consumer spending and weak factory activity in China suggest deflationary pressures are likely to persist. Momentum and trend have turned positive for the Hang Seng Index in the medium term. This is a follow-up analysis of our prior report, “Hang Seng Index: Transforming into a medium-term bearish trend despite improving Services PMI from China” dated 8 January 2025.

10-02-2025 23:09 GMT by Kelvin Wong

Gold (XAU/USD) Outlook: $3000/oz Target Possible as Safe Haven Demand Rises

Gold (XAU/USD) has broken above $2900/oz, fueled by safe-haven demand amid new tariff announcements. The World Gold Council report indicates that geopolitical risks significantly contribute to gold's rise. Additionally, European ETF inflows have been substantial. A sharp rise in US inflation could either push prices down or further increase safe-haven demand, creating a complex market situation.

10-02-2025 15:39 GMT by Zain Vawda

Australia dollar eyes confidence data

The Australian dollar has started the week with gains. In the North American session, AUD/USD is trading at 0.6275, up 0.60% on the day. Australia releases business and consumer confidence on Tuesday, with the markets expecting some improvement. Westpac Consumer Sentiment is expected to rebound and gain 0.4% in February after a 0.7% decline in January. The National Australian Bank business confidence index is projected to improve to zero in January, after a -2 reading in December. China's i

10-02-2025 12:54 GMT by Kenneth Fisher

Can. dollar shrugs after strong Can. jobs report

The Canadian dollar is drifting on Monday. In the European session, USD/CAD is trading at 1.4334, down 0.11% on the day. Canada's employment blows past market estimate Canada posted stronger-than-expected growth on Friday, but the Canadian dollar showed little reaction. The economy created 76 thousand jobs in January, crushing the market estimate of 25 thousand and following a December gain of 90 thousand. This marked the sixth straight monthly increase as the labor market remains strong desp

10-02-2025 06:28 GMT by Kenneth Fisher

Markets Weekly Outlook - Inflation Fears Rise with Tariffs Ahead of US CPI Release

Inflation expectations are rising, driven by tariff concerns and impacting consumer sentiment. US job growth was lower than expected, adding to market concerns. Key events for the week ahead include the US CPI release and testimony from Fed Chair Jerome Powell.

07-02-2025 13:41 GMT by Zain Vawda

Can. dollar lower ahead of US, Canada jobs data

The Canadian dollar is showing limited movement for third consecutive day. In the European session, USD/CAD is trading at 1.4328, up 0.14% on the day. The week wraps up with January employment reports from both Canada and the US, which could mean USD/CAD will be active in the North American session. Canada and the US are coming off sparkling job growth numbers in December and it will be interesting to see how the market reacts to the January data, which is expected to be much lower. Employme

07-02-2025 06:30 GMT by Kenneth Fisher

Yen eyes US payrolls, Japan household spending jumps

The Japanese yen is in negative territory on Friday. This follows a two-day rally which saw the yen jump 1.9% and hit a three-month high. In the European session, USD/JPY is trading at 151.94, up 0.39% on the day. On the data front, Japan's household spending was much stronger than expected and the US releases nonfarm payrolls. Japan's household spending hits 2.5-year high Japan's household spending has been struggling as inflation remains relatively high. This made the December report a p

07-02-2025 05:28 GMT by Kenneth Fisher

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