Forex
Francesco Pesole at ING argues that Bank of England (BoE) tightening expectations, now close to European Central Bank (ECB) pricing, look excessive given the higher starting rate and less hawkish BoE stance.
Forex
Here is what you need to know on Thursday, April 30:
Forex
The Euro (EUR) extends losses for the third consecutive day against the US Dollar (USD) on Thursday, trading at 1.1663 at the time of writing, down from weekly highs at 1.1755.
Commodities
USD/JPY surges to a 21-month high above 160, defying intervention risks as yen weakness intensifies. Rising oil prices and a widening US–Japan rate differential continue to drive upside pressure, reinforcing the pair’s bullish momentum. Technical signals point to further gains within an ascending channel, with key support at 159.85 holding firm. Unless momentum breaks, USD/JPY may extend toward higher resistance levels in the near term.
Forex
The NZD/USD pair attracts fresh sellers following a modest Asian session move up to the 0.5845 area on Thursday and slides back closer to a two-and-a-half week low, touched the previous day.
Forex
The AUD/USD pair gains some positive traction during the Asian session on Thursday and recovers a part of the previous day's heavy losses to the 0.7100 mark, or a two-week low.
West Texas Intermediate (WTI) oil price extends its gains for the fourth consecutive day, trading around $105.70 per barrel during the Asian hours on Thursday. Crude oil prices climb as a deepening naval blockade of Iranian ports.
Commodities
Silver (XAG/USD) attracts some buyers during the Asian session on Thursday and reverses a part of the previous day's losses to the $70.85 region, or over a three-week low. The white metal climbs further beyond the $72.00 mark in the last hour, though the upside potential seems limited.
Forex
The EUR/USD pair loses ground to near 1.1680 during the early European session on Thursday. The US Dollar (USD) strengthens against the Euro (EUR) after the US Federal Reserve (Fed) left interest rates unchanged.
Mid-Week update for North-American Markets – The FOMC just concluded, and both the US Dollar and Canadian Dollar are bouncing back to some new weekly highs, supported by stable Monetary Policies and stronger Oil prices. Taking a close look at NA index and currency performance combined with a USD/CAD intraday chart to spot what's next for American Markets.
