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GBPUSD Technical Analysis – Awaiting the US CPI release
GBPUSD Technical Analysis – Awaiting the US CPI release
The GBPUSD pair is consolidating in the middle of two key levels ahead of the US CPI report. What’s next?
ForexLive European FX news wrap: The calm before the storm?
ForexLive European FX news wrap: The calm before the storm?
Forex news from the European morning session on Mar 12, 2025
Session wrap
Wrap Europe
Canada to announce retaliatory tariffs in response to Trump's steel, aluminum tariffs
Canada to announce retaliatory tariffs in response to Trump's steel, aluminum tariffs
The retaliatory tariffs will total up to around C$29.8 billion
AUD/USD oscillates below 0.6300 ahead of US Inflation data
AUD/USD oscillates below 0.6300 ahead of US Inflation data
The AUD/USD pair trades in a tight range below the key level of 0.6300 in Wednesday’s European session.
AUDUSD
Fed
TradeWar
Inflation
Recession
The Flock of Hedge Funds to GCC: Asset Gathering Booms, But Liquidity Constraints Persist
The Flock of Hedge Funds to GCC: Asset Gathering Booms, But Liquidity Constraints Persist
News Discussion Forum
By Finance Magnates
The Flock of Hedge Funds to GCC: Asset Gathering Booms, But Liquidity Constraints Persist
The most recent Global Financial Centres Index illustrates the growing influence of the GCC’s (Gulf Cooperation Council) two main financial centres, with Dubai moving up four places to 16th and Abu...
GCC
Hedge Funds
Middle East
US MBA mortgage applications w.e. 7 March +11.2% vs +20.4% prior
US MBA mortgage applications w.e. 7 March +11.2% vs +20.4% prior
Latest data from the Mortgage Bankers Association for the week ending 7 March 2025
USD/CAD to tick down to 1.41 in the near term – Danske Bank
USD/CAD to tick down to 1.41 in the near term – Danske Bank
Today, focus in CAD FX space turns to the BoC meeting at 14:45 CET - where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
USDCAD
Technical Analysis
Banks
EUR/USD: Market focus shifts to US CPI – Danske Bank
EUR/USD: Market focus shifts to US CPI – Danske Bank
EUR/USD has edged slightly higher over the last 24 hours, with the EUR and European currencies broadly outperforming in the G10 space amid rising optimism that Germany's debt package will be approved, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
EURUSD
Technical Analysis
Banks
Russell 2000 Technical Analysis – Eyes on the US CPI report
Russell 2000 Technical Analysis – Eyes on the US CPI report
The Russell 2000 is trading near a key support zone ahead of the US CPI release. What’s next?
Russell 2000 Technical Analysis
US CPI to reaffirm stall in disinflation progress?
US CPI to reaffirm stall in disinflation progress?
The estimates point to a sticky set of numbers coming up later
USD/JPY: Further tactical downside may be limited for now – Danske Bank
USD/JPY: Further tactical downside may be limited for now – Danske Bank
The tactical short USD/JPY spot trade from FX Top Trades 2025, initiated on 13 January, has reached its soft target of 147.00, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
USDJPY
Technical Analysis
Banks
USD/CAD can move towards 1.4240 and 1.4150 – Société Générale
USD/CAD can move towards 1.4240 and 1.4150 – Société Générale
USD/CAD broke out from its multiyear range and experienced an extended uptrend, Société Générale's FX analysts note.
USDCAD
Technical Analysis
Banks
Back and forth on tariffs – ING
Back and forth on tariffs – ING
President Donald Trump threatened to increase steel and aluminium tariffs on Canada to 50% in retaliation to Ontario’s move to raise taxes on electricity exports to the US, a sign of trade war escalation.
Metals
Commodities
Banks
Copper
USD/CNH: Room for another leg lower towards 7.2200 before stabilization – UOB Group
USD/CNH: Room for another leg lower towards 7.2200 before stabilization – UOB Group
As long as any recovery in US Dollar (USD) remains below 7.2500 vs Chinese Yuan (CNH), there is room for another leg lower towards 7.2200 before stabilization can be expected.
USDCNH
Technical Analysis
Banks
China: FDI no longer a two-way street – Standard Chartered
China: FDI no longer a two-way street – Standard Chartered
China has turned into a FDI net exporter since 2022, with inward flows collapsing to USD 4.5bn in 2024.
China
TradeWar
Growth
Banks
USD/JPY: Expected to trade in a range between 146.50 and 149.50 – UOB Group
USD/JPY: Expected to trade in a range between 146.50 and 149.50 – UOB Group
US Dollar (USD) could continue to rebound vs Japanese Yen (JPY), but it does not seem to have enough momentum to break above 148.80.
USDJPY
Technical Analysis
Banks
Gas: Market is eagerly watching how ceasefire talks evolve – ING
Gas: Market is eagerly watching how ceasefire talks evolve – ING
European natural gas prices rose yesterday with TTF Natural Gas Futures (TTF) settling almost 3.6% higher on the day, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Technical Analysis
Banks
Energy
Silver Price Forecast: XAG/USD jumps to near $33 on US slowdown fears, US CPI eyed
Silver Price Forecast: XAG/USD jumps to near $33 on US slowdown fears, US CPI eyed
Silver price (XAG/USD) climbs to near $33.00 in European trading hours on Wednesday, the highest level seen in more than two weeks.
Silver
XAGUSD
Fed
TradeWar
Recession
SEC Delays Grayscale’s XRP ETF Decision as Franklin Templeton Joins the Race
SEC Delays Grayscale’s XRP ETF Decision as Franklin Templeton Joins the Race
News Discussion Forum
By Finance Magnates
SEC Delays Grayscale’s XRP ETF Decision as Franklin Templeton Joins the Race
The US Securities and Exchange Commission (SEC) has delayed its decision on Grayscale’s application for a spot XRP exchange-traded fund (ETF).
XRP News
ripple. xrp
XRP
Ripple
crypto
cryptocurrency
Etf
Kremlin: Need to hear from US before commenting on the acceptability of a ceasefire for Russia
Kremlin: Need to hear from US before commenting on the acceptability of a ceasefire for Russia
The Kremlin said in a statement on Wednesday, “we need to hear from US National Security Advisor Mike Waltz and Secretary of State Marco Rubio before we will comment on the acceptability of a ceasefire for Russia.” Additional takeaways A call between Trump and Putin can be organised "very fast" if needed Carefully studying statements issued after US-Ukraine talks.
RussianFederation
UnitedStates
Politics
DollarIndex
NZD/USD: Expected to trade in a 0.5675/0.5730 – UOB Group
NZD/USD: Expected to trade in a 0.5675/0.5730 – UOB Group
Momentum indicators are turning neutral; New Zealand Dollar (NZD) is expected to trade in a 0.5675/0.5730 range vs US Dollar (USD).
NZDUSD
Technical Analysis
Banks
Russia says waiting to hear from US on acceptability of a ceasefire
Russia says waiting to hear from US on acceptability of a ceasefire
The Kremlin says a call between Trump and Putin can be organised "very fast" if needed
Gold braces for side effects of US CPI release on US rates
Gold braces for side effects of US CPI release on US rates
Gold’s price (XAU/USD) turns flat to $2,915 at the time of writing on Wednesday ahead of the United States (US) Consumer Price Index (CPI) release for February. Market consensus is for a deceleration in all inflation measures, both monthly and yearly gauges. However, many analysts and economists have commented that the current US tariff approach will be inflationary for the US, which could trickle through in the numbers.
Gold
Commodities
UnitedStates
SEO
TradeWar
AUD/USD: Expected to trade in a 0.6255/0.6320 – UOB Group
AUD/USD: Expected to trade in a 0.6255/0.6320 – UOB Group
Australian Dollar (AUD) is expected to trade in a 0.6255/0.6320 range vs US Dollar (USD).
AUDUSD
Technical Analysis
Banks
EURUSD Technical Analysis – Some consolidation ahead of the US inflation data
EURUSD Technical Analysis – Some consolidation ahead of the US inflation data
The EURUSD pair is testing a key swing level ahead of the US CPI report. What’s next?
CAD: Another insurance cut – ING
CAD: Another insurance cut – ING
We expect a 25bp rate cut of the Bank of Canada overnight rate to 2.75% today.
USDCAD
Technical Analysis
Banks
EUR/USD corrects as US Dollar rebounds despite moderate US Inflation growth
EUR/USD corrects as US Dollar rebounds despite moderate US Inflation growth
EUR/USD corrects to near 1.0890 in North American trading hours on Wednesday after the release of the United States (US) Consumer Price Index (CPI) report for February, which showed that inflationary pressures grew at a slower-than-expected pace.
EURUSD
ECB
Fed
Recession
SEO
GBP/USD may have just enough momentum to test 1.2975 – UOB Group
GBP/USD may have just enough momentum to test 1.2975 – UOB Group
While overbought, Pound Sterling (GBP) may have just enough momentum to test 1.2975 vs US Dollar (USD) before the risk of a pullback increases.
GBPUSD
Technical Analysis
Banks
ECB's Šimkus: We will see if we cut rates or pause in April
ECB's Šimkus: We will see if we cut rates or pause in April
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Wednesday that “we will see if we cut rates or pause in April.” Further comments It is irrational to commit to future rate decisions.
ECB
CentralBanks
InterestRate
EURUSD
FX option expiries for Mar 12 NY cut
FX option expiries for Mar 12 NY cut
FX option expiries for Mar 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
Currencies
Options
Silver price today: Silver rises, according to FXStreet data
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Commodities
Metals
USD/CAD Price Forecast: Remains below 1.4450 near immediate support at nine-day EMA
USD/CAD Price Forecast: Remains below 1.4450 near immediate support at nine-day EMA
USD/CAD retraces its recent losses, trading around 1.4440 during the European hours on Wednesday.
USDCAD
Technical Analysis
Majors
CPI Report Incoming: Inflation Still Here, Egg Prices are Ridiculous
CPI Report Incoming: Inflation Still Here, Egg Prices are Ridiculous
News Discussion Forum
By Finance Magnates
CPI Report Incoming: Inflation Still Here, Egg Prices are Ridiculous
February’s CPI report is set to show that US inflation isn’t backing down, with food costs—especially eggs—still on the rise. Everyone's watching.
inflation
CPI Report
USA
US Retail FX Deposits Rise 4% in January as GAIN Capital Extends Market Lead
US Retail FX Deposits Rise 4% in January as GAIN Capital Extends Market Lead
News Discussion Forum
By Finance Magnates
US Retail FX Deposits Rise 4% in January as GAIN Capital Extends Market Lead
US retail foreign exchange (FX) brokers reported a collective increase in customer deposits for January 2025, with the sector showing signs of recovery after December's decline.
forex deposits
USA
NZD/USD bulls remain on the defensive near 0.5700; focus remains on US CPI report
NZD/USD bulls remain on the defensive near 0.5700; focus remains on US CPI report
The NZD/USD pair struggles to capitalize on the overnight bounce from a multi-day low, around the 0.5680-0.5675 region and attracts fresh sellers on Wednesday amid a modest US Dollar (USD) uptick.
NZDUSD
TradeWar
Fed
Inflation
Currencies
What is the distribution of forecasts for the US CPI?
What is the distribution of forecasts for the US CPI?
Knowing the range of expectations is important, but the distribution of forecasts is another key input in the market's reaction
market overview
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
All eyes are on the Bank of Canada (BoC) this Wednesday, with market consensus expecting another rate cut—the seventh in a row.
BOC
USDCAD
CentralBanks
SEO
Canada
Former N26 Marketing Director Joins Mintos to Help Expand 500K Client Base
Former N26 Marketing Director Joins Mintos to Help Expand 500K Client Base
News Discussion Forum
By Finance Magnates
Former N26 Marketing Director Joins Mintos to Help Expand 500K Client Base
The Berlin-based investment platform Mintos has appointed former N26 marketing director Kertu-Liina Lehismäe as its new Chief Marketing Officer, the company announced today (Wednesday).
Mintos
N26
USD: Room to rebound – ING
USD: Room to rebound – ING
Global risk sentiment continued to sour yesterday as President Trump announced he’d double tariffs on Canadian steel and aluminum to 50%, and later pulled the threat as Ontario suspended a 25% surcharge on electricity exports.
DollarIndex
Technical Analysis
Banks
EUR/USD: More likely to consolidate in a 1.0870/1.0950 range – UOB Group
EUR/USD: More likely to consolidate in a 1.0870/1.0950 range – UOB Group
Further sustained rise in Euro (EUR) vs US Dollar (USD) seems unlikely; it is more likely to consolidate in a 1.0870/1.0950 range.
EURUSD
Technical Analysis
Banks