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March may not give us conclusive answers on US inflation, the economy or on when the Fed will cut, but it will tell us whether markets now require sharper US data declines to re-enter easing bets, fxdaily. The dollar may fxdaily struggle to find clear direction in March, fxdaily, but we expect USD bearish pressure to intensify from the second quarter. US PCE figures - fxdaily yesterday - confirmed what most had expected: inflation stayed too hot in January.

US equity benchmarks continue to push higher as most of the big tech stocks close in on bullish target prices. Chinese equities, however, continue to languish as Chinese authorities institute an array of measures to slow the decline. This divergence can only be helping the dollar. Today we have policy meetings in the Czech Republic and Mexico. US asset markets are having a good few weeks. Equity benchmarks are pushing up to fresh highs and last night's US year Treasury auction saw decent demand. Leading the charge in US equities has been the big tech stocks.

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US equity benchmarks continue to push higher as most of the big tech stocks close in on bullish fxdaily prices. Chris Turner, fxdaily. You've rejected analytics cookies.

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See all popular ideas. See all brokers. EN Get started. This Wednesday morning, the trading atmosphere for this currency pair is remarkably tranquil. Currently, it's stationed at 1. The relentless ascent of the. It's an opportune moment to capitalize on this trend.

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A stable Czech koruna and stronger Polish zloty and Hungarian forint. Similarly, a rate cut before June seems unlikely. In the Czech Republic, as in Poland yesterday , GDP data for the fourth quarter of last year will be published, including a breakdown. You've accepted analytics cookies. FX remained almost unchanged yesterday despite higher volatility and our view remains the same, too. Francesco Pesole. A minor cut, however, could bring a temporary strengthening towards We'd also like to use analytics cookies so we can understand how you use our services and to make improvements. FX Credit Rates Commodities. Frantisek Taborsky. Companies House does not verify the accuracy of the information filed link opens a new window. There is one part of his analysis that is particularly relevant for our FX views: slower inflation will not be a sufficient factor for the ECB to start cutting rates. Evidence from German data suggests some components of inflation like services CPI, which accelerated in January and a more unfavourable base effect from now on pose threats to ECB easing hopes. US equity benchmarks continue to push higher as most of the big tech stocks close in on bullish target prices. Personal income and spending figures came in strong too, but real household disposable income did not grow at all in January.

Forex, short for foreign exchange, refers to the decentralized global market where individuals, institutions, and governments trade currencies. The forex market allows traders to buy and sell currencies with the aim of making a profit from the fluctuations in exchange rates.

That is why we see the peak around At the same time, inflation is declining at a faster pace: CPI data showed both headline and core measures decelerating more than anticipated in January. To accept or reject analytics cookies, turn on JavaScript in your browser settings and reload this page. Today, the ISM manufacturing index will be in focus. As discussed in our latest Bank of Canada note , policymakers are now looking at a pretty mixed bag when it comes to data. FX remained almost unchanged yesterday despite higher volatility and our view remains the same, too. This combined with a dovish forecast and the prospect of very low inflation next week should result in a dovish outcome for the market either way. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument. We expect an acceleration in the pace of rate cuts from December's 25bp to 50bp, i. The Mexican peso has been one of the very few currencies to appreciate against the dollar on a total return basis this year. In this article.