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GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
GBP/USD rally stalls near 1.2900 as trade war fears weigh on traders
The rally in the Pound Sterling stalled after sustaining three straight days of gains.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Intraday USDCAD reversal: Key signal near 200 hour MA
Intraday USDCAD reversal: Key signal near 200 hour MA
The 200 hour MA is a key barometer in the short term.
CAD
USD
Silver Price Forecast: XAG/USD corrects to near $32.40 as Trump reprieves tariffs on automobiles
Silver Price Forecast: XAG/USD corrects to near $32.40 as Trump reprieves tariffs on automobiles
Silver Price (XAG/USD) corrects from the weekly high of $32.70 and drops to near $32.40 in North American trading hours on Thursday.
Silver
XAGUSD
Fed
YieldCurve
TradeWar
EUR/JPY finds temporary support as ECB cuts Deposit Facility rate by 25 bps to 2.5%
EUR/JPY finds temporary support as ECB cuts Deposit Facility rate by 25 bps to 2.5%
The EUR/JPY pair finds temporary support after sliding more than 0.75% intraday to near 159.20 in Thursday’s North American session.
EURJPY
ECB
BOJ
InterestRate
YieldCurve
US: Initial Jobless Claims dropped to 221K last week
US: Initial Jobless Claims dropped to 221K last week
US citizens filing new applications for unemployment insurance decreased to 221K for the week ending March 1, as reported by the US Department of Labor (DOL) on Thursday.
Employment
EconomicIndicator
UnitedStates
DollarIndex
US initial jobless claims 221K vs 235K estimate
US initial jobless claims 221K vs 235K estimate
The weekly initial and continuing claims
GBP tags along with general FX trend – Scotiabank
GBP tags along with general FX trend – Scotiabank
Pound Sterling (GBP) briefly nudged above 1.29 for the first time since November.
GBPUSD
Technical Analysis
Banks
Big job cuts number raises the stakes for initial jobless claims and non-farm payrolls
Big job cuts number raises the stakes for initial jobless claims and non-farm payrolls
Is it just government jobs? Will it stay that way?
economic calendar
USD
CAD edges marginally lower – Scotiabank
CAD edges marginally lower – Scotiabank
The Canadian Dollar (CAD) is marginally weaker. Canada got a further, temporary concession from the US border tariff regime yesterday, with the White House announcing a one-month reprieve for the auto sector, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
ForexLive European FX news wrap: Japanese yen jumps, stocks on the rocks
ForexLive European FX news wrap: Japanese yen jumps, stocks on the rocks
Forex news from the European morning session on Mar 6, 2025
Session wrap
Wrap Europe
USD prone to weakness as investors ponder 'US exceptionalism' – Scotiabank
USD prone to weakness as investors ponder 'US exceptionalism' – Scotiabank
The USD is mixed to weaker overall on the session amid a broader slump in market sentiment.
DollarIndex
Technical Analysis
Banks
EUR peaked above 1.08 ahead of ECB policy decision – Scotiabank
EUR peaked above 1.08 ahead of ECB policy decision – Scotiabank
The ECB policy decision this morning is less about the expected 25bps cut—it’s fully priced in—than how the policy outlook is communicated, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
US Dollar retreats to below104.00 in the DXY after ECB's Lagarde issues warnings on volatile period ahead
US Dollar retreats to below104.00 in the DXY after ECB's Lagarde issues warnings on volatile period ahead
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is residing below the 104.00 marker this Thursday in a week filled with turmoil. Besides warning signs from the European Central Bank
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
US February Challenger layoffs 172.02k vs 49.79k prior
US February Challenger layoffs 172.02k vs 49.79k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 6 March 2025
Trump reportedly plans to disrupt Iran oil exports by halting vessels at sea
Trump reportedly plans to disrupt Iran oil exports by halting vessels at sea
Reuters reports, citing sources familiar with the matter
Oil
Politics
USD/CAD gains to near 1.4360 despite US Dollar declines
USD/CAD gains to near 1.4360 despite US Dollar declines
The USD/CAD pair moves higher to near 1.4360 in Thursday’s European session despite the US Dollar (USD) extends its downside, suggesting significant weakness in the Canadian Dollar (CAD).
USDCAD
Employment
TradeWar
DollarIndex
UnitedStates
EUR/CHF: Domestic inflation continues to edge lower– Danske Bank
EUR/CHF: Domestic inflation continues to edge lower– Danske Bank
CHF was among the big losers yesterday with EUR/CHF rising 1.5% during yesterday's session, Danske Bank's FX analyst Kirstine Kundby-Nielsen reports.
EURCHF
Technical Analysis
Banks
EUR/USD: ECB meeting to have limited market impact – Danske Bank
EUR/USD: ECB meeting to have limited market impact – Danske Bank
EUR/USD has risen sharply this week, breaking well above 1.07 for the first time since the US election, with EUR optimism continuing in yesterday's session.
EURUSD
Technical Analysis
Banks
What are the calls going into the ECB policy decision later?
What are the calls going into the ECB policy decision later?
A 25 bps rate cut is very much a given, the main focus is on the policy phrasing of "restrictive"
Metals: Comex/LME copper arb surges – ING
Metals: Comex/LME copper arb surges – ING
Comex copper futures surged more than 5% yesterday after US President Donald Trump proposed a 25% tariff on copper imports, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
Copper
Metals
Banks
Commodities
USD/CNH does not have enough momentum to break below 7.2260 – UOB Group
USD/CNH does not have enough momentum to break below 7.2260 – UOB Group
US Dollar (USD) could decline gradually vs Chinese Yuan (CNH); it does not appear to have enough momentum to break below 7.2260.
USDCNH
Technical Analysis
Banks
Gas prices enter a volatile phase – ING
Gas prices enter a volatile phase – ING
European natural gas prices traded in a volatile manner yesterday, ING’s commodity analysts Warren Patterson and Ewa Manthey notes.
Gas
Technical Analysis
Banks
USD/JPY has a chance to edge lower – UOB Group
USD/JPY has a chance to edge lower – UOB Group
US Dollar (USD) could edge lower vs Japanese Yen (JPY), but any weakness is viewed as a lower 148.00/150.00 range.
USDJPY
Technical Analysis
Banks
Oil: Brent breaks below $70/bbl – ING
Oil: Brent breaks below $70/bbl – ING
Sentiment remains negative in the oil market, with ICE Brent falling close to 2.5% yesterday.
Oil
Technical Analysis
Banks
Energy
NZD/USD can rise further – UOB Group
NZD/USD can rise further – UOB Group
New Zealand Dollar (NZD) could rise further vs US Dollar (USD); overbought conditions suggest the major resistance at 0.5775 is out of reach for now.
NZDUSD
Technical Analysis
Banks
China: Fiscal impulse as large as 1.9% of GDP – Standard Chartered
China: Fiscal impulse as large as 1.9% of GDP – Standard Chartered
Official budget deficit set at 4% of GDP for 2025, versus 3% in 2024, signalling fiscal expansion.
China
GDP
Banks
Growth
NZD/USD refreshes weekly high near 0.5750 as China promises additional stimulus
NZD/USD refreshes weekly high near 0.5750 as China promises additional stimulus
The NZD/USD pair posts a fresh weekly high to near 0.5750 in Thursday’s European session.
NZDUSD
Fed
China
NFP
FiscalPolicy
TRY: CBT continues cutting cycle while interest in FX continues unabated – ING
TRY: CBT continues cutting cycle while interest in FX continues unabated – ING
The central bank of Turkey will cut rates again by 250bp to 42.50% today, in line with market expectations.
USDTRY
EURTRY
CBRT
CentralBanks
Banks
SEK: Hot inflation supports SEK rally – ING
SEK: Hot inflation supports SEK rally – ING
Sweden reported stronger-than-expected inflation figures for February this morning.
USDSEK
EURSEK
Sweden
Banks
Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected
Eurozone Retail Sales rise 1.5% YoY in January vs. 1.9% expected
Eurozone’s Retail Sales rose 1.5% in the year through January after a revised 2.2% growth in December, the official data released by Eurostat showed on Thursday.
RetailSales
EconomicIndicator
Eurozone
EURUSD
Pound Sterling clings to gains against US Dollar amid easing Trump tariff fears
Pound Sterling clings to gains against US Dollar amid easing Trump tariff fears
The Pound Sterling (GBP) clings to gains near 1.2900 against the US Dollar (USD) in North American trading hours on Thursday.
GBPUSD
BOE
Fed
TradeWar
SEO
Eurozone January retail sales -0.3% vs +0.1% m/m expected
Eurozone January retail sales -0.3% vs +0.1% m/m expected
Latest data released by Eurostat - 6 March 2025
German lower house to debate debt brake reform from March 13, to vote on March  18
German lower house to debate debt brake reform from March 13, to vote on March 18
Citing two parliamentary sources, Reuters reported on Thursday that Germany's lower house of parliament will start discussing boosting in defence and infrastructure spending as well as sweeping changes to state borrowing rules from March 13.
Germany
FiscalPolicy
EURUSD