Russia Central Bank Reserves $ down to $590.1B from previous $594.3B
USD/CAD has edged slightly higher to retest the 1.3600+ area.
Silver price (XAG/USD) is trading in the $24.580s on Friday.
The United States' Gross Domestic Product (GDP) grew at an annual rate of 3.4% in the fourth quarter, the US Bureau of Economic Analysis (BEA) said in its final estimate on Thursday.
There were 210,000 initial jobless claims in the week ending March 23, the weekly data published by the US Department of Labor (DOL) showed on Thursday.
United States Gross Domestic Product Price Index meets forecasts (1.7%) in 4Q
United States Initial Jobless Claims below expectations (215K) in March 22: Actual (210K)
United States Continuing Jobless Claims above forecasts (1.807M) in March 15: Actual (1.819M)
United States Gross Domestic Product Annualized came in at 3.4%, above expectations (3.2%) in 4Q
United States Core Personal Consumption Expenditures (QoQ) came in at 2% below forecasts (2.1%) in 4Q
United States Personal Consumption Expenditures Prices (QoQ) meets forecasts (1.8%) in 4Q
Canada Gross Domestic Product (MoM) came in at 0.6%, above forecasts (0.4%) in January
United States Initial Jobless Claims 4-week average fell from previous 211.25K to 211K in March 22
GBP/USD holds support below 1.2600. Economists at Scotiabank analyze the pair’s outlook.
The New Zealand Dollar (NZD) is weakening across the board on Thursday, after a leading indicator of consumer confidence in New Zealand deteriorated sharply in February.
The US Dollar (USD) rallies and rejoices with the return of King Dollar after Fed Board Member Christopher Waller has pulled the plug on a June interest-rate cut.
South Africa Trade Balance (in Rands) registered at 14.04B above expectations (8.6B) in February
Natural Gas (XNG/USD) sank below $1.80 on Thursday after prices already slid by more than 3% on Wednesday.
EUR/USD is edging off its intraday low open but remains below 1.0800.
Italy Producer Price Index (MoM): -1% (February) vs -1.7%
Italy Producer Price Index (YoY) down to -10.8% in February from previous -10.7%
The USD/JPY pair trades sideways in a narrow range around 151.30 in the London session on Thursday.
Ireland Retail Sales (MoM) declined to -2% in February from previous 0.5%
Ireland Retail Sales (YoY): 1.1% (February) vs previous 2.7%
Speculation over Japanese FX intervention remains high. Economists at ING analyze the USD/JPY outlook after the pair touched a multi-decade high near 152.00 on Wednesday.
Belgium Consumer Price Index (MoM) declined to 0.55% in March from previous 0.71%
Belgium Consumer Price Index (YoY): 3.18% (March) vs previous 3.2%
Gold price (XAU/USD) holds onto gains near $2,200 in Thursday’s European session.
WTI Oil price (OIL) is trading within an ascending channel whose rising peaks and troughs indicate the commodity is in a short-term uptrend.
Gold is holding up well near the $2,200 mark. Economists at Commerzbank analyze the yellow metal’s outlook.
Italy Trade Balance non-EU increased to €6.739B in February from previous €2.889B
European Central Bank (ECB) executive board member Fabio Panetta said on Thursday, “the conditions to start easing monetary policy are materializing.” Additional quotes Restrictive policy is dampening demand and contributing to a rapid fall in inflation.
The US Dollar (USD) is no rush to sell off, economists at ING say.
USD/CAD continues channeling higher, up by almost a tenth of a percent and trading above 1.3600 on Thursday.
South Africa Producer Price Index (YoY) came in at 4.5% below forecasts (4.9%) in February
South Africa Producer Price Index (MoM) below expectations (0.9%) in February: Actual (0.5%)
USD/JPY is trading sideways near 151.35. Economists at Société Générale analyze the pair’s outlook.
Eurozone M3 Money Supply (3m) rose from previous -0.2% to 0.2% in February
Eurozone M3 Money Supply (YoY) registered at 0.4% above expectations (0.3%) in February
Eurozone Private Loans (YoY) came in at 0.3%, below expectations (0.4%) in February
Italy Consumer Confidence came in at 96.5 below forecasts (97.5) in March
Italy Business Confidence registered at 88.6 above expectations (87.6) in March
Germany Unemployment Rate s.a. meets expectations (5.9%) in March
Germany Unemployment Change came in at 4K, below expectations (10K) in March
The NZD/USD pair comes under heavy selling pressure on Thursday and continues losing ground through the first half of the European session.
NZD/USD is a shade below 0.6000. Economists at ANZ Bank analyze Kiwi’s outlook.
USD/MXN halts its three-day losing streak, advancing to near 16.60 during the European hours on Thursday.
EUR/USD edges down on Thursday, retesting key support at 1.0800, after the release of subpar German Retail Sales data raised further concerns over the health of Europe’s largest economy, weighing on the Euro (EUR).
The EUR/GBP pair falls back from 0.8570 as German Retail Sales data for February remains weaker than expected.
The Pound Sterling (GBP) drops to 1.2600 against the US Dollar in Thursday’s European session.
EUR/USD struggles to gain traction in the second half of the week.
EUR/USD holds slightly above the 1.0800 level. Economists at ING analyze the pair’s outlook.
Austria Producer Price Index (YoY) rose from previous -7.2% to -6.4% in February
Austria Producer Price Index (MoM) increased to -0.3% in February from previous -1%
USD/CHF moves higher to near 0.9060 during the early European session on Thursday.
Gold extended recent gains amid expectations of lower inflation.
Economists at ANZ Bank expect the Indian Rupee (INR) to enjoy a mild appreciation over the course of the year.
The GBP/JPY cross trades in negative territory for two straight days, hovering around the 191.00 mark on Thursday.
Germany's Retail Sales dropped 1.9% MoM in February, slowing from a 0.4% decline in January, according to the official data released by Destatis on Thursday.
United Kingdom Total Business Investment (QoQ) declined to 1.4% in 4Q from previous 1.5%
United Kingdom Gross Domestic Product (YoY) meets expectations (-0.2%) in 4Q
United Kingdom Gross Domestic Product (QoQ) in line with expectations (-0.3%) in 4Q
Turkey Economic Confidence Index climbed from previous 99 to 100 in March
United Kingdom Current Account came in at £-21.177B, above forecasts (£-21.4B) in 4Q
United Kingdom Total Business Investment (YoY): 2.8% (4Q) vs previous 3.7%
Germany Retail Sales (YoY) below expectations (-0.8%) in February: Actual (-2.7%)
Germany Retail Sales (MoM) below forecasts (0.3%) in February: Actual (-1.9%)
Here is what you need to know on Thursday, March 28: Major currency pairs continue to fluctuate in familiar ranges in the second half of the week.
Silver price (XAG/USD) advances to $24.70 in the late Asian session on Thursday.
The GBP/USD pair remains on the defensive around 1.2630 on Thursday during the early European trading hours.
FX option expiries for Mar 28 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0752 803m 1.0825 1.9b 1.0850 1.7b 1.0925 544m - GBP/USD: GBP amounts 1.2600 1.1b - USD/JPY: USD amounts 150.00 1.3b 150.50 2.9b 151.00 732m 152.00 2.3b - USD/CAD: USD amounts 1.3600 1.6b .
South Africa Private Sector Credit above expectations (3.12%) in February: Actual (3.32%)
In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates.
NZD/USD snaps its three-day winning streak, depreciating to near 0.5990 during the Asian hours on Thursday.
The EUR/JPY cross trades with a mild negative bias around 163.75 during the early European session on Thursday.
The USD/CAD pair attracts some buyers during the Asian session on Thursday and for now, seems to have snapped a three-day losing streak, albeit lacks follow-through.
EUR/USD continues to lose ground for the third successive session on Thursday, inching lower to near 1.0820 during the Asian session.
Gold price (XAU/USD) continues with its struggle to make it through the $2,200 mark and oscillates in a range during the Asian session on Thursday.
The Australian Dollar (AUD) manages to recover its intraday losses and extends its gains on Thursday.
Indian Rupee (INR) edges lower on Thursday amid the higher demand for the US Dollar (USD) from oil importers and the hawkish remarks from the Federal Reserve (Fed) officials.
Japan’s Chief Cabinet Secretary Yishimasa Hayashi said on Thursday, he “won't rule out any options against excessive currency moves.” On Wednesday, Hayashi said that he is “closely watching FX moves.” .
The Japanese Yen (JPY) struggles to capitalize on the previous day's modest recovery against its American counterpart from the lowest level since 1990 and edges lower during the Asian session on Thursday.
The ASX 200 Index rises to nearly 7,900, up by 0.26% on Thursday, extending gains to new record highs.
On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0948 as compared to the previous day's fix of 7.0946 and 7.2259 Reuters estimates.
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $81.50 on Wednesday.
Australia’s Retail Sales, a measure of the country’s consumer spending, dropped 0.3% MoM in February from the previous reading of a 1.1% rise, according to the official data published by the Australian Bureau of Statistics (ABS) on Thursday.
Australia Private Sector Credit (YoY) rose from previous 4.9% to 5% in February
Australia Private Sector Credit (MoM) rose from previous 0.4% to 0.5% in February
Australia Retail Sales s.a. (MoM) below forecasts (0.4%) in February: Actual (0.3%)
Bank of Japan (BoJ) published the Summary of Opinions from its March monetary policy meeting on March 18 and 19, with the key findings noted below.
Australia Consumer Inflation Expectations declined to 4.3% in March from previous 4.5%
New Zealand ANZ Business Confidence declined to 22.9 in March from previous 34.7
Japan Foreign Investment in Japan Stocks up to ¥-891.4B in March 22 from previous ¥-1461.6B
The GBP/USD pair attracts some sellers to 1.2614 after retreating from a daily high of 1.2640 during the early Asian session on Thursday.
The Swiss National Bank (SNB) Vice President Martin Schlegel said late Wednesday, repeating the SNB’s longstanding position as regards the Swiss Franc (CHF).
The Australian Dollar finished Wednesday’s session virtually unchanged against the US Dollar following the Aussie’s inflation report and a scarce economic docket in the United States (US).
Federal Reserve Governor Christopher Waller said on Wednesday that recent weak inflation data supports the case for Fed holding off on cutting its short-term interest rate target, per Reuters.
The NZD/USD pair is operating at around 0.6000 with losses, The market landscape is primarily dominated by sellers, underscored by a prevailing negative trend.