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Monday, March 24, 2025

European Markets Wrap-Up | ForexLive European FX news wrap: Dollar a little lower as risk sentiment picks up

ForexLive European FX news wrap: Dollar a little lower as risk sentiment picks up

Headlines: The risk mood keeps more positive so far on the session ECB's Makhlouf says not going to comment on April rate cut ECB's Cipollone: Inflation target may be reached sooner than last projecti... 

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USDCAD Technical Analysis – We remain stuck in a range

Fundamental Overview The USD appreciated a little the day after the FOMC decision although it seemed more like a technical pullback as the central bank didn't offer anything new. In fact, the Fed just... 

ECB's Makhlouf says not going to comment on April rate cut

Things are moving in the right direction Disinflation is working But not going to comment on rate cut for April The narrative so far is that they're still not putting out a firm conviction for next mo... 

HSBC now sees BOE shifting to cut bank rate once every quarter from September

The terminal rate that the firm sees the BOE cutting to is still 3%, in which they view as "neutral". But "with the near-term cost headwinds", they are revising their forecast timeline in seeing the c... 

The risk mood keeps more positive so far on the session

S&P 500 futures are up roughly 1% on the day and that's keeping the market mood in a better spot to start the new week. Tech shares are leading the way after arresting four consecutive weeks of de... 

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Latest Forex Orders

FX option expiries for 24 March 10am New York cut

There are just a couple to take note of on the day, as highlighted in bold . They are both for EUR/USD at the 1.0800 and 1.0850 levels. With sellers continuing to keep near-term control, this should c... 

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