Analysis

This week our currency strategists focused on the U.K. CPI inflation update for March 2025 and its potential impact on the British pound. Check out the setups we considered and which one played out.

Markets are zeroed in on this week’s PMIs, or clues on how businesses are reacting to the US-China tariff blowup. Let’s dive into what could influence the major currencies this week!

Markets swung hard last week as traders reacted to fresh trade tension, central bank moves, and mixed data surprises.

Markets reeled from U.S.-China tariff news this week. Gold surged while the dollar fell. Bonds gained amid growth fears while equities whipsawed lower!

Today’s U.K. inflation report came in softer than expected, potentially setting up GBP/JPY for a continued downside move in the short-term.

After weeks of signaling a pause, markets now expect the ECB to move forward with a rate cut. What are traders pricing in, and how can you position ahead of the ECB decision?

The numbers are almost in for New Zealand’s first quarter inflation report! How did price pressures fare during Q1 2025 and will the numbers influence RBNZ policy expectations?

Will this week’s numbers indicate a higher-for-longer interest rate environment for the RBA? Or will it point to a 50bps rate cut next month?

Will this week’s U.K. CPI report support a BOE rate cut? If the U.K.’s CPI numbers come in hot, GBP/USD and GBP/CAD could draw in bullish pressure.

BOC’s next move is too close to call, setting up a potential CAD whipsaw either way. With markets split, this event could trigger some of the biggest intraday swings in CAD pairs this year.

Rising inflation expectations stemming from higher U.S. tariffs appear to be a major market theme these days, so will the U.K. CPI report reflect higher cost pressures already? Here’s what to expect for the March release.

Canada’s March CPI could make or break rate cut expectations, landing just a day before BOC’s Wednesday meeting. A hot print might squash easing hopes, while a soft read could seal the deal for a cut.

Employment has been on the decline in the U.K. over the past couple of months, so are we about to see another increase in claimants? Here are the points you need to know about the upcoming U.K. jobs release.

Markets had another chaotic run in the previous week thanks to trade war developments. Let’s dive into what’s really happening and how you can navigate these choppy waters in the days ahead.

This week, our currency strategists focused on the RBNZ event for potential high-quality setups in the New Zealand dollar. Check out how this setup played out!

Markets swung wildly amid Trump’s tariff drama this week. Stocks crashed then recovered on a partial tariff pause, while bonds sold off, gold surged to records, and the dollar tumbled.

Global trade policy updates dominated the news flow and arguably had the biggest weight of influence on currency price action, resulting in a very rough week for the U.S. dollar!

U.S. President Trump announced a 90-day pause on higher reciprocal tariffs, sparking a massive broad market risk-on move, including in NZD/JPY. How did it all play out?

The RBNZ’s dovish rate cut to 3.50% has reinforced the Kiwi’s bearish outlook against the Japanese yen, especially amid ongoing global trade tensions.

Markets seem to be wary of the inflationary effect of tariffs these days, so will the upcoming U.S. CPI report already reflect these price pressures? Here are the points you need to know.