A comparison of the March statement to the April statement reflects the “major shift” in the US trade policy and unpredictability of tariffs. Hence the second verse (April) is no where near the first (March). Below is the red line change (or rather the complete re-write) FOR IMMEDIATE RELEASE March 12, 2025 The Bank of […]
Category Archives: Forex News
16
Apr
Apr
Details: Ex-autos +0.5% vs +0.3% exp Prior ex autos +0.3% (revised to +0.7%) Control group +0.4% vs +0.6% expected Prior control +1.0% (revised to +1.3%) This is a good set of headlines and the upward revisions nullify the slight miss on the control group. Never underestimate the spending power of the US consumer. Fed pricing […]
16
Apr
Apr
The BoC is expected to keep rates unchanged at 2.75% today. As a reminder, the BoC cut interest rates by 25 basis points to 2.75% as expected at the last meeting amid concerns over weaker growth ahead due to the trade uncertainty and US tariffs. The central bank emphasized a cautious approach to future decisions, […]
16
Apr
Apr
Japan is coming in today to negotiate tariffs, the cost of military support and “trade fairness”. I will attend the meeting, along with Treasury and Commerce Secretaries. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA. Trump is up and running and providing updates on his schedule. Watch out […]
16
Apr
Apr
Rate cuts by year-end Fed: 88 bps (81% probability of no change at the upcoming meeting) ECB: 85 bps (99% probability of rate cut at the upcoming meeting) BoE: 83 bps (85% probability of rate cut at the upcoming meeting) BoC: 50 bps (57% probability of no change at today’s meeting) RBA: 120 bps (86% […]
16
Apr
Apr
After the strong rally triggered by Trump’s pause in the reciprocal tariffs, the S&P 500 hasn’t done much as the price just consolidated below a key resistance. The market has been waiting for more information on the negotiations front but as of now we haven’t got any, on the contrary, a couple of disappointing headlines […]
16
Apr
Apr
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
16
Apr
Apr
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]
16
Apr
Apr
There are some big ones to take note of on the day, as highlighted in bold. But again as a caveat, do be reminded that trading sentiment continues to be more influenced by the broader market sentiment and headline risk at this stage. For today, the signs are pointing to further dollar weakness amid a […]
Forex News
ForexLive Asia-Pacific FX news wrap NVDA $5.5bn bombshell, China data solid, BOJ May hold?
16
Apr
Apr
Federal Reserve Chair Powell speaks on the economic outlook today, Wednesday, April 16 Morgan Stanley cuts outlook for China and Asia stock indexes China’s fighting words on Trump’s tariffs – world economic order has been severely damaged China Industrial Output March 2025 surges to +7.7% y/y (expected 5.8%, prior +5.9%) China Q1 GDP +1.2% q/q […]