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1 month ago | 
cityindex.com | Fawad Razaqzada
Despite a weaker start to the new week, the EUR/USD forecast remains bullish in our view in light for Germany’s historic spending shift that was approved last week.
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1 month ago | 
cityindex.com | Fawad Razaqzada
With the US Federal Reserve to make its own policy announcement later, the USD/JPY outlook could take a new direction in the near-term, as the pair continues to test a major resistance zone near the 150.00 area.
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1 month ago | 
cityindex.com | Fawad Razaqzada
Sentiment received a boost today as February inflation came in cooler than anticipated, propelling stocks higher after two days of steep declines. Techs were leading the charge with Nvidia up 6.7% and Tesla up 8% at the time of writing. Can the tech megacaps lead a market recovery and boost the short-term S&P 500 forecast?
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1 month ago | 
cityindex.com | Fawad Razaqzada |David Scutt |David Song |Razan Hilal
The EUR/USD has been able to rally at the start of this week, despite Trump’s trade tariffs and uncertainty over Ukraine. This pair will remain in sharp focus for these reasons alone, but also have the ECB rate decision and key data from the US to look forward to as well. The EUR/USD forecast is therefore subject to great uncertainty, but for now it looks like the path of least resistance is to the upside. Mexico, Canada, and China tariffs go into effect but what about Europe?
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1 month ago | 
cityindex.com | David Song |Matt Simpson |Matt Weller CFA
Australia Dollar Outlook: AUD/USDAUD/USD may consolidate over the coming days as it bounces back from a fresh weekly low (0.6187), but the exchange rate may struggle to retain the rebound from the February low (0.6088) as it no longer trades within an ascending channel.
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1 month ago | 
cityindex.com | David Scutt |Matt Simpson
AUD slumps despite hawkish RBA minutes and stronger data Trump tariffs fuel risk aversion, weighing on the Aussie AUD/CAD struggles below 200DMA, Key support at 0.8953 Summary The Aussie dollar remains under pressure, sinking despite hawkish RBA minutes and stronger domestic data. Instead, escalating U.S. trade tensions with China, Canada, and Mexico have driven sentiment, with markets now pricing in an 88% chance of a second RBA rate cut in May.
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1 month ago | 
cityindex.com | David Song |Fiona Cincotta |David Scutt |Matt Weller CFA
British Pound Outlook: GBP/USDGBP/USD clears the February high (1.2716) to register a fresh yearly high (1.2754), and the exchange rate may further retrace the decline from the December high (1.2812) as it continues to trade within an ascending channel. GBP/USD seems to be unfazed by the shift in US trade policy as it extends the advance from the start of the week, and the rally in the exchange rate may persist as it carves a series of higher highs and low.
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1 month ago | 
cityindex.com | David Scutt |Matt Simpson
U.S. economic growth fears mount as data disappoints, weighing on USD European data surprises fuel optimism, boosting EUR/USD Bond markets signal diverging growth outlooks for the U.S. and Germany EUR/USD struggling above 1.0500, providing hurdle for bulls U.S. tariffs on Europe remain a significant bearish risk Summary Economic growth expectations between the United States and Europe have flipped, with sentiment towards the former deteriorating while optimism towards the latter has improved,...
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1 month ago | 
cityindex.com | Fawad Razaqzada |David Scutt |Matt Simpson |David Song
This morning was all about defensive stocks, as the likes of BAE Systems and Rheinmetall surged to send some of Europe’s major indices like the DAX and FTSE to new all-time highs. After Trump and Zelensky’s televised clash on Friday, most European countries have showed strong support for Ukraine with the UK promising to provide continuation of military aid, boosting the country’s defence capabilities and developing a "coalition of the willing" to defend Ukraine.
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1 month ago | 
cityindex.com | James Stanley |David Song |Fawad Razaqzada |David Scutt
USD/JPY is back to testing the 150.00 handle but notably, the pair has held up a bit better than DXY so far through this week’s open. GBP/JPY was back-and-forth grind last week as the pair re-tested the 190.00 handle, and now that bulls have broken through, GBP/JPY could be more attractive for bearish JPY themes. EUR/JPY and USD/JPY could be more attractive for Yen-strength scenarios, but the driver behind that has taken a step back after last Thursday’s Tokyo CPI numbers.