Johnston

The Euro resumes its decline following strong US Retail Sales data The divergence between the ECB and the Fed's rate outlook is expected to weigh on the Euro. Geopolitical concerns are an additional support for the safe-haven USD. The Euro’s mild upside bias seen during Monday’s European session has

They say nothing is certain but death and taxes. No matter what you do, the Grim Reaper and the taxman always show up eventually. Well, folks, it’s April 15. And the Taxman cometh. Again. I guess that’s better than the Grim Reaper. Of course, he only shows up once. The Taxman makes an annual appeara

NZD/USD rebounds from five-month lows despite hawkish tone surrounding the Fed. Business NZ PSI decreased to 47.5 for March, from the previous reading of 52.6. Fed Kansas President Lorie K. Logan will speak in a panel discussion at the BoJ-IMF conference on Monday. NZD/USD rebounds from a five-month

The Canadian dollar is almost unchanged on Thursday, after sliding 0.8% a day earlier. In the European session, USD/CAD is trading at 1.3569, up 0.04%. BoC holds interest rates There were no surprises from the Bank of Canada, which maintained the cash rate at 5%. This marked a sixth straight pause a

The Mainland Norwegian economy contracted unexpectedly in February after rebounding in the previous month, Statistics Norway reported Thursday. Gross domestic product contracted a seasonally adjusted 0.2 percent month-on-month in February, in contrast to a 0.6 percent expansion in January. Meanwhile

Australian Dollar faces a significant downturn as US inflation figures outpace forecasts, boosting the US Dollar and Treasury yields. Traders adjust Fed rate cut projections based on new inflation insights, with a less aggressive easing strategy anticipated. Upcoming economic reports, includes China

The EUR/GBP daily chart reveals a consolidating bullish momentum. In the hourly chart, the EUR/GBP portrays weaker buying traction, with RSI declining deep into negative terrain. The pair remaining above the 20-day SMA reveals a short-term bullish bias. The cross encountered strong resistance at 0.8

The Swiss franc is lower on Thursday. Early in the North American session, USD/CHF is trading at 0.9050, up 0.24%. It has been a bumpy year for the Swiss franc, which is down 7.7% against the US dollar and is trading at its lowest level since November. Switzerland’s inflation rate eases to 1% Switze

Market sentiment was subdued as uncertainty over the Fed's rate cuts remained aggravated amidst a better-than-expected jobs report. The scheduled release of consumer price inflation, producer price inflation as well as FOMC minutes from the U.S. during the week added to the market's nervousness. Wal