PegasusPetar

Jerome Powell’s testimony in the US Congress will be a top-tier market-moving event this week. New clues on the Federal Reserve interest rate path are awaited. US Dollar, stock markets and other asset classes could see big swings with the Fed Chair’s words. Jerome Powell, Chairman of the United Stat

US Dollar (USD) is expected to trade between 7.3040 and 7.3240. In the longer run, outlook remains mixed, but USD is likely to trade in a narrower range of 7.2500/7.3300, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Outlook for USD remains mixed24-HOUR VIEW: “We noted ‘a slight increa

📊 Markets Struggle for Momentum 📊 Risk assets have stalled so far in February. While European indices like the DAX and FTSE 100 hit record highs last week, gains were modest. In the US, equity markets lost ground as both blue-chip and mid-cap stocks declined. The dollar saw mixed movement, while g

The single European currency is moving marginally above the 1.03 level in the early hours of Monday, trying to recover from the opening of the new week where, in the wake of President Trump's new warnings about the imposition of tariffs, the exchange rate opened with a gap against the European curre

The pound emerged as a safe haven among pro-cyclical currencies yesterday, and seems to be retaining some solid footing after an American trade war was averted, ING’s FX analysts Francesco Pesole notes. EUR/GBP may not return to the 0.8450 soon“The reason is simple: the UK does not have much to lose

Oversold decline has not stabilized; support levels are at 1.0175 and 1.0100. In the longer run, risk is for further Euro (EUR) weakness; it remains to be seen if it can break and remain below 1.0100, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. Oversold decline has not stabilized24-H

The ECB is expected to cut its policy rate 25bps today, Scotiabank's Chief FX Strategist Shaun Osborne notes. ECB cut widely expected"There have been enough comments from more hawkish policymakers to suggest there will be a robust debate about policy amid current, heightened uncertainties but that m

During recent communications, a number of FOMC members have noted that greater trade restrictions could slow the disinflation process, but this does not appear to be an opinion that is universally shared among committee members. At any rate, we suspect that policymakers will wish to hear more from T