News

UK: Local vote risks and Gilt focus – Standard Chartered

Standard Chartered strategists discuss how United Kingdom (UK) local elections on 7 May could intensify political pressure on Prime Minister Starmer and potentially trigger a Labour leadership challenge.

Source  Fxstreet1777571548
BoE recap: An “active hold” as inflation risks re-emerge

The Bank of England (BoE) kept rates unchanged at 3.75%, but unlike a passive pause, this was framed as a deliberate and active policy choice.

Source  Fxstreet1777565233

United States 4-Week Bill Auction climbed from previous 3.595% to 3.6%

Source  Fxstreet1777563649
ECB sources see two rate hikes if Brent stays above $100 ─ RTRS

Sources speaking with Reuters revealed that the European Central Bank (ECB) policymakers are likely to hike rates “at least” twice this year, beginning in June if there’s no resolution to the Iran conflict.

Source  Fxstreet1777561645

Colombia National Jobless Rate down to 8.8% in March from previous 9.2%

Source  Fxstreet1777561638
ECB: Stagflation risks complicate policy path – ING

ING’s Global Head of Macro, Carsten Brzeski, notes that the European Central Bank (ECB) kept interest rates on hold as stagflationary pressures in the Eurozone rise. The bank highlights weaker Gross Domestic Product (GDP) growth, mixed inflation dynamics and tighter credit conditions.

Source  Fxstreet1777561329
Fed: Dots and easing path steady – ABN AMRO

ABN AMRO’s US Senior Economist Rogier Quaedvlieg reviews the latest Federal Open Market Committee (FOMC) decision, noting that the Federal Reserve (Fed) kept rates unchanged and maintained an easing bias in its statement.

Source  Fxstreet1777560838
ECB recap: between rising inflation risks and a slowing economy

As widely telegraphed, the European Central Bank (ECB) kept its policy rates unchanged, but the tone of the meeting reflected a far more complicated backdrop.

Source  Fxstreet1777560788
Canada: Growth masks structural headwinds – NBC

National Bank of Canada (NBC) economists Matthieu Arseneau and Alexandra Ducharme note that the Canadian economy expanded by 0.2% in February, with Q1 Gross Domestic Product (GDP) by industry tracking 1.7% annualized.

Source  Fxstreet1777560007

United States EIA Natural Gas Storage Change below forecasts (83B) in April 24: Actual (79B)

Source  Fxstreet1777559404
BoE: Cautious hike risks grow – Rabobank

Rabobank's Senior Macro Strategist Stefan Koopman reviews the latest Bank of England (BoE) decision to hold the Bank Rate at 3.75%, noting Governor Bailey’s description of an 'active hold' as he balances inflation persistence against risks to employment and activity.

Source  Fxstreet1777559036
Japan reportedly conducts first FX intervention since 2024 to counter speculative moves

Japanese authorities reportedly intervened directly in the foreign exchange market on Thursday, according to Reuters, citing Nikkei, which attributed the information to Japanese government sources.

Source  Fxstreet1777557503
ECB: June hike prospects strengthen – Nordea

Nordea’s Chief Analyst Jan von Gerich notes that the European Central Bank (ECB) kept its key rate at 2.0% and maintained a data-dependent, meeting-by-meeting stance.

Source  Fxstreet1777557362

United States Chicago PMI came in at 49.2 below forecasts (53) in April

Source  Fxstreet1777556898
CAD: Growth momentum supports steady BoC – RBC

Royal Bank of Canada (RBC) economist Abbey Xu reports that Canada's Gross Domestic Product (GDP) grew 0.2% in February, with both goods-producing and services industries contributing as earlier auto-sector disruptions faded.

Source  Fxstreet1777556554
Lagarde speech: Not seeing second round effects

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the April policy meeting and responds to questions from the press.

Source  Fxstreet1777556148
Copper: High prices curb near‑term upside – Commerzbank

Commerzbank’s Thu Lan Nguyen highlights that Copper’s supply surplus has widened to about 300,000 tons early this year as production expanded while demand stagnated. February saw a notable demand drop with prices near USD 13,000 per ton.

Source  Fxstreet1777555721
Lagarde speech: Interest rates best tool we can use

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the April policy meeting and responds to questions from the press.

Source  Fxstreet1777555068
Lagarde speech: Debated at length a hike

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the April policy meeting and responds to questions from the press.

Source  Fxstreet1777554470

Russia Central Bank Reserves $ down to $771.7B from previous $779.5B

Source  Fxstreet1777554054
BoE: June hike seen as one and done – ING

ING’s James Smith notes that the Bank of England (BoE) kept rates at 3.75% in April but is moving closer to tightening as the Middle East crisis persists. ING now expects a single June rate hike, with UK inflation seen peaking slightly above 4% this year.

Source  Fxstreet1777554046
Lagarde speech: High energy costs to make firms, households reluctant to invest

Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to leave key rates unchanged at the April policy meeting and responds to questions from the press.

Source  Fxstreet1777553873
Bank of England Leaves Rates Unchanged, Here Is What Investors Need to Know

TradingKey - At 7:00 AM ET on May 1, the Bank of England voted 8-1 to maintain its benchmark interest rate at 3.75%, in line with market expectations. However, beneath the calm exterior of this decisi

Source  Tradingkey1777553598
US anual PCE inflation rises to 3.5% in March as expected

Inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, climbed to 3.5% in March from 2.8% in February, the US Bureau of Economic Analysis reported on Thursday. This print came in line with the market expectation.

Source  Fxstreet1777553291
US Initial Jobless Claims falls to 189K vs. 215K estimates

The US Department of Labor (DOL) reported on Thursday that the number of US citizens filing new applications for unemployment insurance falls to 189K for the week ending April 25, while they were expected to have remained steady at 215K from the previous week's revised level.

Source  Fxstreet1777552698

United States Personal Consumption Expenditures Prices (QoQ) rose from previous 2.9% to 4.5% in 1Q

Source  Fxstreet1777552287

United States Gross Domestic Product Price Index below expectations (3.8%) in 1Q: Actual (3.6%)

Source  Fxstreet1777552279

United States Continuing Jobless Claims below forecasts (1.82M) in April 17: Actual (1.785M)

Source  Fxstreet1777552270

United States Core Personal Consumption Expenditures (QoQ) registered at 4.3% above expectations (4.1%) in 1Q

Source  Fxstreet1777552234

United States Gross Domestic Product Annualized below forecasts (2.3%) in 1Q: Actual (2%)

Source  Fxstreet1777552225
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