Currency Analysis & Comment

The market focuses on "Liberation Day" while EUR/USD corrects from prior demand. White House tariff announcements have led to market uncertainty and caution. Higher PCE inflation could strengthen...

The US dollar started the week on the front foot thanks to some defensive positioning ahead of tomorrow’s tariff announcement. Barring data disappointment (JOLTS and ISM manufacturing), there is a...

EUR/USD remains tightly correlated with benchmark German bund yields, sitting at a near-perfect 0.95 correlation in March Traders use the euro to express views on European growth after Germany’s...

AUD under pressure as risk sentiment weakens ahead of April 2. GBP/AUD tests 2.0627 resistance, EUR/AUD eyes breakout extension. Momentum signals mixed, reinforcing the need for decisive price...

Yen tracking risk sentiment more than yield spreads. U.S.-Japan rate correlation may strengthen entering April. April 2 tariff announcement screens as a major volatility event. Key U.S. data this...

The US dollar has traded on the soft side ahead of Wednesday's 'liberation day', when universal tariffs are due to be announced by the US. We think some stabilisation in the data is needed for a...

Trump’s 25% auto tariff plan puts pressure on Japan’s exports. USD/JPY at 151.00, a key pivot after breaking trend resistance. The rising wedge hints at a potential downside if the bulls fail to...

EUR/USD remains tightly correlated with benchmark German bund yields, sitting at a near-perfect 0.95 correlation in March. Traders use the euro to express views on European growth after Germany’s...

FX markets are in a holding pattern ahead of next week's reciprocal tariffs from the US. Some of the recent europhoria is waning, and today sterling may see some downside risks from the Spring...

EUR/USD is on multi-day losing streak amidst uncertainty surrounding new US tariffs, despite positive German data. Mixed US economic data, including declining consumer confidence, added to market...

Norway's surprise spike in core and headline inflation in February suggests Norges Bank may keep rates on hold despite previously signalling that a cut was likely at the 27 March meeting. Market...

Bank of England left interest rates unchanged, as expected Inflation and economic growth remain on the BoE's main agenda GBP/USD rise has slowed below the 1.30 region. Looking for more actionable...

US consumer confidence data is released today and is anticipated to show further deterioration. We are slightly more pessimistic than consensus expecting 93.0, and we mostly see downside risks for...

Dollar Index remains volatile with key support at 104 and resistance at 104.6. Fed holds rates, lowers growth forecast, and raises inflation expectations. Markets await April 2 tariffs, which could...