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SEK: Softer inflation may delay Riksbank hikes – TD Securities
TD Securities analysts note Swedish CPIF and CPIF ex-Energy inflation for March surprised sharply to the downside, driven mainly by weaker Food and Recreation, Sport & Culture prices, partly offset by petrol.
EUR/SEK
USD/SEK
Fxstreet
Tue, Apr 7
RBNZ: Constrained as energy shock bites – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects the Reserve Bank of New Zealand (RBNZ) to keep the OCR at 2.25%, with Governor Breman set to update growth and inflation projections.
NZD/USD
Fxstreet
Tue, Apr 7
AUD/NZD: Diverging flows and policy risks – BNY
BNY’s Head of Markets Macro Strategy Bob Savage highlights a growing divergence between the New Zealand Dollar (NZD) and Australian Dollar (AUD) as markets favor currencies backed by real assets.
AUD/NZD
Fxstreet
Tue, Apr 7
Silver Price Forecasts: XAG/USD drifts below $72 with all eyes on Iran’s war
Silver (XAG/USD) is showing a mild bearish momentum on Tuesday’s European trading session, with the reversal from Monday's high, at 81.13, extending to levels below $72.00, amid vanishing hopes of a peace deal in Iran.
Silver
Fxstreet
Tue, Apr 7
Pound Sterling gives back gains against US Dollar as Iran denies ceasefire proposal
The Pound Sterling (GBP) surrenders its early gains against the US Dollar (USD) and flattens around 1.3240 during the European trading session on Tuesday.
GBP/USD
Fxstreet
Tue, Apr 7
AUD/USD recovery stalls below 0.6950 with all eyes on the Iran war
The Australian Dollar (AUD) is trading higher against the US Dollar (USD) for the second consecutive day on Tuesday, but the pair failed to find any significant acceptance above 0.6950.
AUD/USD
Fxstreet
Tue, Apr 7
EUR/GBP approaches 0.8700 lows following Eurozone and UK services data
The Euro (EUR) extends losses against the British Pound (GBP) for the second consecutive day on Tuesday, approaching the bottom of its near-term horizontal range at 0.8700, from Monday’s highs at 0.8735.
EUR/GBP
Fxstreet
Tue, Apr 7
EUR/USD: Gradual recovery path tied to Hormuz risks – NBC
National Bank of Canada (NBC) economists Stéfane Marion and Kyle Dahms describe recent Euro (EUR) weakness versus Dollar (USD) after the Iran conflict and energy shock, but keep a recovery bias for EUR/USD.
EUR/USD
Fxstreet
Tue, Apr 7
USD/JPY: Firm tone but capped below 162.00 – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note USD/JPY traded quietly between 159.28 and 159.82, closing at 159.68, with a firm underlying tone.
USD/JPY
Fxstreet
Tue, Apr 7
NZD/USD: Tactical support eyed near 0.5630 – DBS
DBS Group Research’s Philip Wee expects the Reserve Bank of New Zealand to keep policy on hold at its April 8 meeting, looking through energy-driven inflation. He notes Governor Anna Breman’s conditional hawkishness if inflation expectations de-anchor.
NZD/USD
Fxstreet
Tue, Apr 7
Eurozone Sentix Investor Confidence: -19.2 (April) vs previous -3.1
Eurozone Sentix Investor Confidence: -19.2 (April) vs previous -3.1
EUR/USD
Fxstreet
Tue, Apr 7
Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
Eurozone HCOB Services PMI above forecasts (50.1) in March: Actual (50.2)
EUR/USD
Fxstreet
Tue, Apr 7
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
Eurozone HCOB Composite PMI above expectations (50.5) in March: Actual (50.7)
EUR/USD
Fxstreet
Tue, Apr 7
Germany HCOB Composite PMI in line with expectations (51.9) in March
Germany HCOB Composite PMI in line with expectations (51.9) in March
EUR/USD
Fxstreet
Tue, Apr 7
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
Germany HCOB Services PMI came in at 50.9 below forecasts (51.2) in March
EUR/USD
Fxstreet
Tue, Apr 7
GBP/USD: Consolidation after failed downside break – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD briefly dipped to 1.3178 before rebounding to 1.3267 and closing at 1.3238, invalidating a prior downside-biased view.
GBP/USD
Fxstreet
Tue, Apr 7
USD/JPY Price Forecast: Ascending 20-day EMA supports more upside
The USD/JPY pair trades calmly around 160.00 during the European trading session on Tuesday. The pair trades broadly sideways amid uncertainty surrounding the ongoing war in the Middle East.
USD/JPY
Fxstreet
Tue, Apr 7
France HCOB Composite PMI came in at 48.8, above forecasts (48.3) in March
France HCOB Composite PMI came in at 48.8, above forecasts (48.3) in March
EUR/USD
Fxstreet
Tue, Apr 7
France HCOB Services PMI above forecasts (48.3) in March: Actual (48.8)
France HCOB Services PMI above forecasts (48.3) in March: Actual (48.8)
EUR/USD
Fxstreet
Tue, Apr 7
Italy HCOB Services PMI below forecasts (51) in March: Actual (48.8)
Italy HCOB Services PMI below forecasts (51) in March: Actual (48.8)
EUR/USD
Fxstreet
Tue, Apr 7
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