ECB May Raise Interest Rates in June Unless Economic Outlook Improves, Says Bundesbank President
Bundesbank President Joachim Nagel indicated that the European Central Bank could increase interest rates in June if the economic outlook does not show improvement. This signals a cautious approach to monetary policy amid uncertain economic conditions.
EUR/USD Eyes Gains As USD/CHF Weakness Deepens Again
On the hourly chart of EUR/USD at FXOpen, the pair started a fresh increase from the 1.1650 zone. The Euro cleared the 1.1700 barrier to move into a bullish zone against the US Dollar.
Weekly Review: Markets at Highs, Fed Bolstering USD, That Creates Headwinds for Gold and Bitcoin
The US dollar has received positive news from the Fed, the oil market and the US economy. Jerome Powell is staying in the FOMC, Brent crude has surpassed $120 per barrel, and orders for durable goods excluding aircraft and military equipment jumped by 3.3% in March.
US Dollar Price Forecast: Fed Rate Fears Prop Dollar Up – Can GBP/USD and EUR/USD Hold Their Gains?
DXY stalls below 99 trendline resistance as GBP/USD breaks above 1.3580 targeting 1.3720, while EUR/USD bounces off trendline support toward the 1.1800 level.
Pound to Canadian Dollar Price Forecast: GBP Climbs as CAD Tracks Oil Lower
The Pound to Canadian Dollar (GBP/CAD) exchange rate moved higher on Thursday as Sterling gained modest support despite cautious central bank messaging, while the ‘Loonie' softened. At the time of writing, GBP/CAD was trading near CA$1.8477, up around 0.2% on the day.
Pound to Dollar Price News, Forecast: GBP Hits 13-Day Best on USD Weakness
The Pound to Dollar (GBP/USD) exchange rate rallied on Thursday as improving market sentiment and US Dollar weakness lifted the pairing. At the time of writing, GBP/USD was trading around $1.3576, up more than 0.7% on the day.
ECB's Nagel Warns Situation Worsening Compared to March Baseline
European Central Bank's Nagel indicates that the current economic situation is evolving less favorably than the projections made in March. This suggests increased uncertainty and potential challenges ahead for the Eurozone economy.
GBP/JPY turns upside down to near 212.00 on likely Japan's intervention
GBP/JPY turns upside down to near 212.00 on likely Japan's intervention
USD/JPY dives to 155.50 lows on another alleged intervention
USD/JPY dives to 155.50 lows on another alleged intervention
ECB's Nagel Signals June Policy Response if Economic Outlook Remains Weak
ECB Executive Board member Joachim Nagel indicated that a policy response in June would be more appropriate if the economic outlook does not show significant improvement. This suggests cautious monitoring of economic conditions before taking action.