Blueprint FX Desk
Blueprint Capital
Market focus today
USD Gross Domestic Product
Expect high volatility in
Every USD pair
USDCAD after the rise in oil price caused by the bombs in Yemen
NEWS ROUNDUP
Bombs in Yemen raise oil price The Saudi air strikes on Houthi rebels have raised fears that the civil conflict in the Gulf state could escalate into a regional war. Fighting has also raised concerns about the vulnerability of the Bab el-Mandeb strait between Yemen and Djibouti – a potential “chokepoint” in the global oil market.
Sterling, bolstered by a robust UK economy and strong jobs data, has been very popular, particularly against the euro for much of the past three months. Of late, however, the music has stopped, the lights flashed on, prompting a stumble in the broad value of sterling. The go-to explanation is the upcoming UK election, but as campaigning begins in earnest on Thursday night, with a TV grilling of David Cameron and Ed Miliband, interest rate expectations are also exerting an influence.
This document is exclusively for the use of the person to whom it has been sent by email from Blueprint Capital Limited. The client will have been classified prior to as a private or an intermediate client. This communication has been prepared solely for information and data purposes and is not intended as an Invitation or Inducement with respect to the purchase or sale of any financial instrument. This communication should not be regarded as a substitute for the exercise by the recipient of its own judgment. Any reliance placed on the communication is at the reader’s risk. Information and opinions have been obtained from sources believed to be reliable but no representation is made to their accuracy. © Blueprint Capital Limited. No copy can be taken without prior written permission.
Recommended Content
Editors’ Picks
AUD/USD stands firm above 0.6500 with markets bracing for Aussie PPI, US inflation
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday. The AUD/USD advance was sponsored by a United States report showing the economy is growing below estimates while inflation picked up. The pair traded at 0.6518.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold soars as US economic woes and inflation fears grip investors
Gold prices advanced modestly during Thursday’s North American session, gaining more than 0.5% following the release of crucial economic data from the United States. GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the US Fed could lower borrowing costs.
Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: Slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.