GBP/USD surges as weak US data fuels Fed rate-cut bets The Pound Sterling (GBP) extended its gains versus the US Dollar (USD) on Wednesday, as market participants punished the latter. Market participants priced in additional monetary policy easing by the Federal Reserve (Fed). United States (US) data shows the economy is weakening, with businesses and consumers turning … Read more
EUR/USD extended its rally after the European session, trading near fresh multi-month highs above key moving averages. The pair has surged more than 3.70% in the week, shifting the outlook decisively in favor of buyers. EUR/USD gained significant ground on Wednesday, pushing further into bullish territory after an already strong performance in recent sessions. The … Read more
The Pound Sterling rises ahead of BoE Andrew Bailey’s testimony before Parliament’s Treasury Committee. Investors worry that US President Trump’s tariff agenda could weigh on the US economic growth. Bloating Fed dovish bets have weighed on the US Dollar. The Pound Sterling (GBP) jumps to near 1.2850 against the US Dollar (USD) in North American trading hours … Read more
The US Dollar drops against most major peers for a third day in a row. Traders are selling the US Dollar in favor of the Euro amid economic developments in the US. The US Dollar Index DXY faces over 2% devaluation so far this week. The US Dollar Index (DXY), which tracks the performance of … Read more
NPC set targets for growth at 5%, inflation 2%, official budget deficit 4% of GDP, largely as we expected. We expect the announced fiscal stimulus to partially offset the impact of US tariffs announced so far. We maintain our 2025 growth forecast at 4.5%; downside risk to be mitigated by additional stimulus, Standard Chartered’s economists … Read more
The Oil price slides to near $67.50 as the global trade war intensifies. US tariffs and counter-tariffs, its major trading partners, would reduce global Oil demand. The OPEC+ is on track to increase Oil production by 138K barrels per day from April. West Texas Intermediate (WTI), futures on NYMEX, falls sharply to near $67.50 in … Read more