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Earnings
ECB: Energy shock keeps hikes in play – Nordea
Nordea’s Jan von Gerich argues that higher energy prices from the Middle East conflict have sharply increased uncertainty around the ECB’s rate path, with April hikes now being priced but still seen as premature without clearer inflation spillovers.
Fxstreet
Fri, Mar 27
ECB’s Patsalides: I would not rush into any decision due to lack of information
European Central Bank (ECB) policymaker and Governor of the Central Bank of Cyprus Christodoulos Patsalides said in an interview during European trading hours on Friday that there is no need to rush for any monetary policy adjustments until the central bank has sufficient information.
EUR/USD
Fxstreet
Fri, Mar 27
Spain Consumer Price Index (MoM) climbed from previous 0.4% to 1% in March
Spain Consumer Price Index (MoM) climbed from previous 0.4% to 1% in March
Fxstreet
Fri, Mar 27
Spain Harmonized Index of Consumer Prices (MoM) registered at 1.5%, below expectations (2.1%) in March
Spain Harmonized Index of Consumer Prices (MoM) registered at 1.5%, below expectations (2.1%) in March
Fxstreet
Fri, Mar 27
Spain Consumer Price Index (YoY) registered at 3.3% above expectations (2.4%) in March
Spain Consumer Price Index (YoY) registered at 3.3% above expectations (2.4%) in March
Fxstreet
Fri, Mar 27
Spain Harmonized Index of Consumer Prices (YoY) below expectations (3.9%) in March: Actual (3.3%)
Spain Harmonized Index of Consumer Prices (YoY) below expectations (3.9%) in March: Actual (3.3%)
Fxstreet
Fri, Mar 27
Forex Today: Middle East uncertainty forces markets to remain cautious
Here is what you need to know on Friday, March 27:
Fxstreet
Fri, Mar 27
NOK: Norges Bank hawkish hold supports currency – Danske Bank
Danske Research Team highlights that the central bank of Norway, Norges Bank delivered a hawkish hold at 4.00%, with internal debate over an immediate hike and an upwardly revised rate path. The bank now expects two 25bp hikes in June and September, followed by cuts from 2027.
USD/NOK
Fxstreet
Fri, Mar 27
US: Energy shock seen as manageable – Standard Chartered
Standard Chartered economists Dan Pan and Steve Englander argue that the recent Oil price surge is unlikely to trigger a 1970s-style stagflation in the United States.
Brent
Fxstreet
Fri, Mar 27
United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.8%) in February: Actual (-0.4%)
United Kingdom Retail Sales ex-Fuel (MoM) above expectations (-0.8%) in February: Actual (-0.4%)
GBP/USD
Fxstreet
Fri, Mar 27
United Kingdom Retail Sales (YoY) came in at 2.5%, above forecasts (2.1%) in February
United Kingdom Retail Sales (YoY) came in at 2.5%, above forecasts (2.1%) in February
GBP/USD
Fxstreet
Fri, Mar 27
United Kingdom Retail Sales (MoM) above expectations (-0.8%) in February: Actual (-0.4%)
United Kingdom Retail Sales (MoM) above expectations (-0.8%) in February: Actual (-0.4%)
GBP/USD
Fxstreet
Fri, Mar 27
United Kingdom Retail Sales ex-Fuel (YoY) down to 3.4% in February from previous 5.5%
United Kingdom Retail Sales ex-Fuel (YoY) down to 3.4% in February from previous 5.5%
GBP/USD
Fxstreet
Fri, Mar 27
BoJ Review: Japan's estimated natural rate of interest was in the range of around -0.9% to +0.5%
The Bank of Japan (BoJ) releases its review report on developments in the natural rate of interest and the assessment of the degree of monetary accommodation during the European trading session on Friday.
Fxstreet
Fri, Mar 27
Asian Stocks Steady as Market Caution Prevails on Middle East Uncertainty
Asian equities trade sideways as uncertainty over the United States (US)–Iran peace talks limits risk appetite. At the time of writing, Japan’s Nikkei 225 is 0.03% higher to near 53,623, while Hong Kong’s Hang Seng Index is up 0.88 to 25,074, and the SSE Composite Index gains 0.75 to 3,920.
Fxstreet
Fri, Mar 27
EUR/USD: Recovery delayed by Iran conflict – Commerzbank
Commerzbank’s Michael Pfister notes that EUR/USD has rebounded on hopes for a Middle East ceasefire, but he doubts the war will end quickly and expects the pair to trade below pre-war levels for now.
EUR/USD
Fxstreet
Fri, Mar 27
When are the UK Retail Sales and how could they affect GBP/USD?
The UK Office for National Statistics will publish the monthly Retail Sales figures later this Friday, at 07:00 GMT. The report is expected to show that sales at the retail level declined sharply by 0.8% in February, compared to the 1.8% rise recorded in the previous month.
GBP/USD
Fxstreet
Fri, Mar 27
US Dollar Index stays below 100.00 as Trump pause hits safe haven
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges lower after three days of gains and is trading around 99.90 during the Asian hours on Friday.
US Dollar Index
Fxstreet
Fri, Mar 27
WTI slips below $92.00 as US pauses Iran energy strikes for talks
West Texas Intermediate (WTI) depreciates after two days of gains, trading around $91.80 per barrel during the Asian hours on Friday.
WTI
Brent
Fxstreet
Fri, Mar 27
Fed's Jefferson: Geopolitical tensions pose upside risks to inflation forecast
Federal Reserve (Fed) Vice Chair of Supervision Philip Jefferson said Thursday evening that the current policy stance should continue to support the labor market and allow inflation to resume its decline.
US Dollar Index
Fxstreet
Fri, Mar 27
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