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The Pound Sterling rebounds against its major peers after the UK ONS reported upbeat Retail Sales data for March.Traders are confident of a 25 bps interest rate reduction by the BoE in May.De-escalation in the US-China trade war has supported the US Dollar. The Pound Sterling (GBP) bounces back agai

While a risk-on move lifted most risk assets yesterday, oil was left behind thanks to OPEC+ discord. ICE Brent settled almost 2% lower on the day amid concerns about aggressive supply hikes from OPEC+. This comes after Kazakhstan said that it’s unable to lower oil output and plans to prioritise dome

WTI price may come under pressure as investors evaluate the potential for an accelerated output increase by OPEC+.Kazakhstan, an OPEC+ member, has indicated it cannot cut production from its major Oil fields and will prioritize national interests.The downside of the Oil prices could be limited amid

AUD/JPY weakens as ongoing trade-related uncertainties and geopolitical tensions continue to drive demand for the safe-haven Japanese Yen.Support for the JPY is further reinforced by growing expectations that the BoJ will raise interest rates again in 2025.The Australian Dollar finds some support as

Donald Trump slammed Fed Chair Jerome Powell and urged him to cut interest rates now to avoid an economic slowdown. As a result,the Dollar Index tested the low of 97.92 yesterday. The fall can extend to 97-96 before attempting to rise back. The Euro has risen past 1.15 and has a scope to extend it f

Trading in the financial market involves buying and selling financial instruments such as stocks, currencies, commodities, or cryptocurrencies to make a profit. Unlike investing, which focuses on long-term wealth accumulation, trading involves taking advantage of short—to medium-term price movements

EUR/JPY steadies around 161.85 in Friday’s early European session. Japan’s CPI inflation grew 3.6% YoY in March. The ECB cut rates by 25 bps to 2.25% at the April meeting on Thursday. The EUR/JPY cross trades flat near 161.85 during the early European session on Friday. US President Donald Trump's t

Outlook A potential development is the PoWell speech at the Chicago Economics Club, but with low expectations of anything dramatic or different from his “not yet” stance—the Fed can be “patient.” Then there is the Bank of Canada rate decision. If not this time, then in May for sure. On the tariff fr

In focus today The main data print is the German ZEW Economic Sentiment index for March which is set to release at 11:00 CEST. Consensus expectations are sharply to the downside at only 9.5, presumably due to the ongoing trade war turbulence. In February, the assessment of the current economic situa

Markets Early in the session yesterday, parts of global markets showed some relative calm compared the extreme volatility on Monday. Some (desperate?) investors hoped that US negotiations with some countries like Japan could herald the start of a more modest approach? Or was it simply a pause after

Trend Watch: Forex US Stock Futures Tumble as S&P 500 Dips Below 5,000 Amid Escalating Trade War U.S. stock index futures fell sharply on Tuesday night following a steep sell-off on Wall Street, with the S&P 500 closing below the key 5,000 level for the first time in nearly a year. The decli

USD/CAD is holding on to Friday’s gains, BBH FX analysts report. US trade war dos not bode well for CAD "The severe negative impact of the US tariffs on the Canadian economy and lower crude oil prices do not bode well for CAD. Bank of Canada (BOC) Q1 business outlook survey will be reported today (3

The oil price sell-off has accelerated since Friday as the trade war deepened and the risk of a recession in the US rose, Danske Bank's FX analyst Frederik Romedahl reports. Oil price sell-off accelerates "OPEC+ decision Thursday effectively means there is no longer anybody around to catch a falling

Commenting on the impact of US President Donald Trump’s tariffs on Monday, Australian Treasurer Jim Chalmers said that he expected the economy to take a hit. Key quotes "Fall in Australian Dollar (AUD) largely as a result of concerns about Chinese economy." "Also reflects the fact that markets are n