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Forex Daily

Pound Sterling Update: UK Recession Confirmed by Final GDP Data, GBP Mixed

The Office for National Statistics confirmed that the UK entered into a recession in Q4. GBP held up in Q1 but the threat of sharp declines in inflation may weaken the currency

US Dollar Latest – EUR/USD, GBP/USD, USD/JPY Forecasts Ahead of US Data

The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure.

Euro Latest – German GDP Seen at Just 0.1% in 2024, EUR/USD Under Pressure

Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts.

Crude Oil Prices Slip Again As US Inventories Increase, OPEC Meet Eyed

Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter

FX Intervention Threat Steps up a Notch after USD/JPY Hits a Crucial Level

Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric used before prior FX intervention

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