ECB's Simkus Advises Against April Rate Hike
ECB policymaker Simkus stated that the European Central Bank should refrain from increasing interest rates in April. This signals a cautious approach to monetary policy amid current economic conditions.
ECB's Simkus Says Rate Hike This Year Can't Be Ruled Out
European Central Bank's Simkus indicated in a podcast that a rate hike this year remains a possibility. This statement suggests ongoing vigilance regarding inflation and monetary policy adjustments.
USD/JPY Pulls Higher: Yen Doubts Bank of Japan
USD/JPY climbed to 159.36 mid-week, with the Japanese yen losing ground for a second consecutive day. The market is pricing in the Bank of Japan's policy outlook ahead of next week's meeting.
EUR/GBP: Limited downside after inflation data – ING
EUR/GBP: Limited downside after inflation data – ING
EUR/JPY edges higher as ECB caution, Oil‑linked Yen dynamics shape trade
EUR/JPY edges higher as ECB caution, Oil‑linked Yen dynamics shape trade
US Dollar Price Forecast: DXY Dips on Ceasefire – Can GBP/USD and EUR/USD Break Out?
The US Dollar Index nudges lower to 98.30 as the US-Iran ceasefire extension shifts market sentiment. Will EUR/USD and GBP/USD capitalize on the DXY's weakness?
AUD/USD: Consolidation with longer-term downside risk – UOB
AUD/USD: Consolidation with longer-term downside risk – UOB
ECB policymaker Lane "admits" the euro can't replace US dollar's role as global safe haven
The ECB's Chief Economist, Philip Lane, argues that the Eurozone's financial architecture is currently hindered by a shortage of euro-denominated safe assets. While the German Bund serves as the primary benchmark, its supply is too limited to satisfy global demand or provide the deep liquidity necessary for a truly autonomous monetary system.
European Commission to Review Oil Stockpiling Law to Include Aviation Fuel Amid Iran War Impact
The European Commission plans to revise the oil stockpiling legislation to incorporate specific provisions for aviation fuel reserves. This move aims to mitigate the repercussions stemming from the ongoing conflict involving Iran. The update seeks to enhance energy security in the aviation sector within Europe.
Gold (XAUUSD) & Silver Price Forecast: Metals Bounce as US-Iran Ceasefire Eases Oil Risk; Gold Squeezed at $4,755—Is a $4,800
Gold holds near $4,755 as the US-Iran ceasefire extension eases inflation fears. Will XAU/USD break $4,800 resistance or retest support at $4,669?