FX Fundies Cheat Sheet for Feb. 3 – 7, 2025
Markets are bracing for what could be an explosive week ahead as the latest trade war kicks into high gear, along with the latest U.S. jobs data to steer Fed expectations.
Markets are bracing for what could be an explosive week ahead as the latest trade war kicks into high gear, along with the latest U.S. jobs data to steer Fed expectations.
Investing.com – The U.S. dollar rose Monday, climbing away from the one-year low seen last week, while disappointing economic activity data weighed on the euro. At 04:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.5% higher to 100.925, just above a 12-month low. Dollar…
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The European Central Bank (ECB) kept its deposit rate unchanged at 2.00% on Thursday, marking the second consecutive pause after eight cuts since June 2024. The unanimous decision came as inflation hovers around the bank’s 2% target and economic risks appear more balanced following recent trade agreements. Key Takeaways ECB held all three key rates…
Gold gapped lower at the week’s open as cracks in the US–Iran ceasefire deepened just days before the April 22 expiry. Yet markets have stopped short of panic for now, with oil prices rising but still restrained—falling short of signaling a full repricing toward war. At the same time, Gold’s upward momentum is already fading,…
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Event to pay attention to today: 15:30 GMT+3. USD – Retail Sales EURUSD: On Monday, the EUR/USD exchange rate saw a rise on the back of short-covering pressure on the US dollar. This resulted in trading above the 1.1100 price band, which had previously been a point of contention in intraday trading towards the end…