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ActionForex

Canada’s Inflation Pressures Cooled Further in February

Canada's headline CPI inflation eased to 1.8% year-on-year in February, slightly below market forecasts. The temporary suspension of the GST/HST tax in February 2025 caused significant price surges during that period but...

ActionForex

USD/JPY Mid-Day Outlook

The USD/JPY pair is currently trading with a neutral intraday bias following a recent pullback. Key technical levels include daily pivots at 159.23 (S1), 159.49 (P), and 160.00 (R1). A move above 159.74 could target a re...

ActionForex

Canada CPI slows to 1.8% in February, inflation pressure eases before oil shock

Canada’s inflation decelerated to 1.8% year-over-year (yoy) in February, below the expected 1.9%, marking a sharper slowdown than anticipated. Monthly inflation also eased to 0.5%, under forecasts of 0.6%, driven by fall...

ActionForex

Chart Alert: WTI Crude Oil Rally Almost Reached $102.25, Risk of Minor Setback Towards $88.36

West Texas Intermediate (WTI) crude oil has surged nearly 32% to around $101, nearing its $102.25 resistance level, driven by escalating tensions between the US and Iran over the Strait of Hormuz. The ongoing 17-day conf...

FXStreet

EUR/JPY stabilizes as Euro gains on geopolitical optimism, intervention fears persist

The EUR/JPY pair stabilized around 182.40 on Monday, ending two consecutive days of declines as the Euro found support amid geopolitical optimism. The cross remained largely unchanged, reflecting a balance between renewe...

FXStreet

ECB: Diverging paths with Fed – Commerzbank

Commerzbank economists note that financial markets are increasingly pricing in a more aggressive monetary policy from the European Central Bank (ECB). Forward-looking indicators suggest at least one 25-basis-point rate h...

FXStreet

USD/CAD: BOC cushioned by stable inflation – BBH

Brown Brothers Harriman (BBH) analyst Elias Haddad noted that the USD/CAD pair fell below 1.3700 ahead of Canada’s February CPI data release. Market consensus anticipates a decline in headline inflation due to base effec...

FXStreet

Pound Sterling trades with caution ahead of Fed-BoE policy, UK job data

The British Pound (GBP) is trading cautiously against major currencies, with GBP/USD rising 0.4% to 1.3270 amid European session activity on Monday. The move follows mixed economic signals and anticipation of upcoming po...

FXStreet

JPY: BoJ caution and energy shock weigh on currency – MUFG

MUFG analysts Derek Halpenny and Lee Hardman highlight that Japan has experienced the smallest hawkish repricing among G10 economies, with markets already pricing in two Bank of Japan (BoJ) rate hikes but expecting minim...

Investing.com

UK PM Starmer: Strait of Hormuz reopening not a NATO mission

UK Prime Minister Keir Starmer has clarified that the reopening of the Strait of Hormuz is not a NATO mission, emphasizing that the UK will handle the matter independently. The Strait of Hormuz, a critical global oil tra...

Investing.com

Explainer-Why might President Trump find it hard to reopen the Strait of Hormuz?

The Strait of Hormuz, a critical global oil transit chokepoint, remains a focal point of geopolitical tensions. Recent developments suggest that President Trump's efforts to reopen the strait face significant challenges,...

FXStreet

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) declined by 2.07% to $78.94 per troy ounce on Monday, according to FXStreet data, marking a drop from $80.60 recorded on Friday. The decline reflects weakened investor demand amid mixed economic s...

ActionForex

XTI/USD Chart Analysis: WTI Oil Price Fluctuates Near $100

The WTI crude oil price (XTI/USD) has opened with a bullish gap for the third consecutive Monday, though the gap is narrower compared to previous sessions like March 9. The primary driver of this volatility is the ongoin...

ActionForex

Gold Price Falls to a Monthly Low

Gold prices have fallen to a monthly low, dropping below the March 3 support level and reaching levels last observed in late February. The XAU/USD pair is now trading near $1,980 per ounce, driven by a combination of red...

FXStreet

USD: Conflict premium supports gains – ING

ING's Chris Turner anticipates continued support for the US Dollar as the Middle East conflict drives oil prices higher, reinforcing the currency's strength. He highlights that elevated oil prices act as a tailwind for t...

Investing.com

SNB to hold rates at zero through 2026, lean on FX intervention to curb Swiss franc strength

The Swiss National Bank (SNB) has announced it will maintain its benchmark interest rate at zero until 2026, emphasizing its commitment to ultra-loose monetary policy. This decision aims to counteract the strengthening S...

Investing.com

Barclays expects Bank of England to hold rates at March meeting

Barclays has revised its forecast for the Bank of England's March meeting, now expecting the central bank to maintain its current interest rate of 5.25%. This follows recent economic data showing mixed inflation trends a...

Investing.com

Morning Bid: Central banks’ straitjacket

The article discusses how central banks' policy constraints are shaping global forex markets. Key central banks like the Federal Reserve and European Central Bank are facing challenges in balancing inflation control with...

FXStreet

EUR/USD: Geopolitics and ECB path – DBS

The EUR/USD pair declined by 4% to 1.1415 in early March, driven by heightened geopolitical tensions related to Iran, which increased demand for the safe-haven US Dollar. DBS Group economist Philip Wee noted that markets...

FXStreet

BoE: MPC to remain on hold as energy shock bites – Societe Generale

Societe Generale economists predict the Bank of England's Monetary Policy Committee (MPC) will maintain its current interest rate amid heightened energy price pressures stemming from Iran-related geopolitical tensions. T...