Beryl

Inflation in the U.K. eased to 3.2% in March, the Office for National Statistics said on Wednesday. That was slightly higher than the forecast from economists polled by Reuters of 3.1%, but was down from 3.4% in February. Food prices provided the biggest downward drag on the headline rate, the ONS s

USD/JPY snaps the two-day winning streak around 154.65 in Wednesday’s early Asian session. Fed’s Powell emphasized that the current level of policy will likely stay in place until inflation gets closer to target. BoJ is shifting to a more discretionary policy-setting approach, with less focus on inf

EUR/USD extends its losing streak as the Fed is expected to maintain higher interest rates for an extended period. US Retail Sales (MoM) experienced a 0.7% increase in March, against the expected 0.3% and 0.9% prior. The dovish remarks from the ECB’s officials contribute to downward pressure on the

Another week, another record high for the precious metal. The spot price of gold (XAU/USD) refreshed all-time highs at $2,431 last week, strengthened by expectations of US rate cuts, safe-haven demand amid geopolitical tensions in the Middle East and central banks purchasing large stockpiles of gold

Despite the rebound in the United States, inflation continues overall to slow in the G7 countries and in the euro area as a whole. In Japan, keeping consumer prices above 2% will remain complicated in the short term, due to the loss of momentum observed this winter: inflation rebounded in February d

The euro continues to stumble and is down for a fourth straight day. In the European session, EUR/USD is trading at 1.0653, down 0.67%. The euro has fallen 1.7% this week as the US dollar continues to flex its muscles against the major currencies. ECB holds rates, hints at a June cut The European Ce

Markets The ECB laid the groundwork for a June rate cut yesterday and that was basically all there was to say about it. Lagarde revealed some wanted to cut rates already and reports afterwards wrote about a handful of officials that needed extra convincing to rally behind the decision to stand pat f