Blueprint FX Desk
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USD Personal Income & Spending
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Medium Volatility for USD pairs
News Roundup
No immediate relief for Greek government Negotiations in Athens continued over the weekend haggling, in this case with creditors over economic reforms, but there appeared to be little success. Creditor nations are demanding Greece implements reforms in order to access EUR7.2bn in undisbursed bailout funds but Athens is resisting at what it calls “recessionary measures” like cutting pensions or relaxing labour laws. The money is due to run our April 20th…
UK election campaigning David Cameron will travel to Buckingham Palace today to notify the Queen of the dissolution of parliament, officially starting the 2015 election campaign. Paul Mason argues that the coming election will be dominated by geopolitical divides– “Scandi-Scotland, the asset-rich southeast and rump-post-industrial Britain”.
Iranian officials took nuclear talks to the wire, raising a further obstacle by saying that they are no longer willing to ship their atomic fuel out of the country – a critical element of a proposed deal and one with which Iran had previously indicated it had agreed to.
TENSIONS are also rising elsewhere in the Middle East, as Arab leaders drew up plans for a joint military force, underlining Middle Eastern Sunni nations’ determination to challenge Iran’s expanding influence in the region. However, immediate tensions in the Yemen seemed to have receded, at least for the time being.
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Editors’ Picks
USD/JPY holds near 155.50 after Tokyo CPI inflation eases more than expected
USD/JPY is trading tightly just below the 156.00 handle, hugging multi-year highs as the Yen continues to deflate. The pair is trading into 30-plus year highs, and bullish momentum is targeting all-time record bids beyond 160.00, a price level the pair hasn’t reached since 1990.
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.
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.
Ethereum could remain inside key range as Consensys sues SEC over ETH security status
Ethereum appears to have returned to its consolidating move on Thursday, canceling rally expectations. This comes after Consensys filed a lawsuit against the US SEC and insider sources informing Reuters of the unlikelihood of a spot ETH ETF approval in May.
Bank of Japan expected to keep interest rates on hold after landmark hike
The Bank of Japan is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April. The BoJ will announce its decision on Friday at around 3:00 GMT.