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EUR/USD edges lower as US Retail Sales beat forecasts, Warsh calls for new inflation framework
EUR/USD trades under pressure on Tuesday as the US Dollar (USD) steadies after recent weakness, with upbeat US economic data and weaker Eurozone sentiment adding further downside pressure on the Euro (EUR).
Gold: Conflict path drives next leg – TD Securities
TD Securities' Senior Commodity Strategist Daniel Ghali frames Gold within what he calls the Hegemon trade, tied to perceptions of US power and fiscal sustainability.
GBP: Politics and BoE repricing shape outlook – Rabobank
Rabobank’s Senior FX Strategist Jane Foley argues that UK politics, including questions over Prime Minister Starmer’s position and Labour’s prospects in May elections, will weigh on GBP sentiment.
Rally pauses as S&P 500 pulls back into key support
U.S. equity futures are edging lower Tuesday morning, as markets take a breather following a sharp rally off April lows, with the S&P 500 now pulling back into a key technical level.
United States Pending Home Sales (YoY) down to -1.1% in March from previous -0.8%
United States Pending Home Sales (YoY) down to -1.1% in March from previous -0.8%
United States Business Inventories below expectations (0.3%) in February: Actual (-1.1%)
United States Business Inventories below expectations (0.3%) in February: Actual (-1.1%)
United States Business Inventories above expectations (0.3%) in February: Actual (0.4%)
United States Business Inventories above expectations (0.3%) in February: Actual (0.4%)
United States Pending Home Sales (MoM) above expectations (0.1%) in March: Actual (1.5%)
United States Pending Home Sales (MoM) above expectations (0.1%) in March: Actual (1.5%)
CAD: Dovish CPI keeps BoC cautious – TD Securities
TD Securities analysts note Canadian Consumer Price Index (CPI) accelerated to 2.4% year-on-year in March, driven by higher Oil prices, but core measures remained subdued. They see the print as dovish and consistent with Bank of Canada (BoC) guidance to look through temporary spikes.
Johnson & Johnson (JNJ) forecast: Buyers should enter between 227.80 – 215.80 area
Johnson & Johnson (JNJ) engages in research & development, manufacture & sale of range of products in the healthcare sector worldwide. It operates through Innovative Medicine & MedTech. It comes under Healthcare sector & trades as “JNJ” at NYSE.
Oil: Market optimism underprices supply risks – ING
ING analysts Warren Patterson and Ewa Manthey say Oil is trading on hopes of progress in US–Iran peace talks, while ongoing disruptions through the Strait of Hormuz keep supply risks elevated.
EUR/GBP under pressure as Eurozone sentiment deteriorates sharply in April
EUR/GBP trades on the back foot on Tuesday, with the British Pound (GBP) outperforming the Euro (EUR) following broadly resilient UK labor market data, while softer economic sentiment from the Eurozone adds further pressure on the Euro.
Trump says Iran deal possible but keeps military pressure
Geopolitical tensions remain in focus for markets following the latest remarks by US President Donald Trump during an interview with CNBC.
NZD/USD: Hot inflation but RBNZ hikes seen over-priced – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that NZD is outperforming after hotter-than-expected Q1 Consumer Price Index (CPI), with headline inflation at 3.1% y/y versus the RBNZ’s 2.8% projection.
Silver Price Forecast: XAG/USD declines ahead of Warsh’s confirmation hearing
Silver (XAG/USD) trades lower on Tuesday, hovering around $78.20 at the time of writing, down 1.88% on the day.
Equities: Risk recovery and Asia tech focus – BNY
BNY’s Bob Savage notes that equities show the clearest recovery in risk appetite, though holdings remain below mean reversion, especially in South Korea and Taiwan. Developed markets are rebounding faster than emerging markets.
United States Redbook Index (YoY) declined to 6.7% in April 17 from previous 7%
United States Redbook Index (YoY) declined to 6.7% in April 17 from previous 7%
US Retail Sales rise 1.7% in March vs. 1.4% expected
Retail Sales in the United States (US) rose 1.7% to $752.1 billion in March, the US Census Bureau reported on Tuesday. This print followed the 0.7% increase (revised from 0.6%) recorded in February and surpassed the market expectation of 1.4%.
EUR/GBP: Political risks and inflation support – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights that UK political uncertainty around Labour leadership and upcoming May elections could distract GBP markets this spring. She links GBP’s earlier outperformance to a sharp repricing of Bank of England (BoE) expectations, now partly unwound.
Pound Sterling Price News and Forecast: GBP declines amid geopolitics and political risks
GBP/USD traded at 1.3515 on Tuesday as the US dollar strengthened. Pressure on the pound intensified at the start of the week following a sharp escalation of the US-Iran conflict, with markets fearing the breakdown of the truce and rotating into safe-haven assets.
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