The headline German IFO Business Climate Index climbed to 86.7 in March from 85.3 in February. The data came in slightly below the market forecast of 86.8.
Tue, 25 Mar 2025 05:02:22 -0400
Germany IFO – Expectations registered at 87.7, below expectations (87.9) in March
Tue, 25 Mar 2025 05:02:01 -0400
Germany IFO – Business Climate came in at 86.7, below expectations (86.8) in March
Tue, 25 Mar 2025 05:01:24 -0400
Germany IFO – Current Assessment above forecasts (85.5) in March: Actual (85.7)
Tue, 25 Mar 2025 05:00:59 -0400
Prior 85.2 Current conditions 85.7 vs 85.5 expected Prior 85.0 Expectations 87.7 vs 87.5 expected Prior 85.4 This article was written by Justin Low at www.forexlive.com.
Tue, 25 Mar 2025 05:00:20 -0400
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $957.50 a troy ounce, with the XPD/USD pair advancing from its previous close at $955.45.
Tue, 25 Mar 2025 04:58:15 -0400
US Dollar (USD) continued to trade better bid against most Asian FX, as 2 Apr reciprocal tariff draws closer. It may also be complacent at this point to second guess if tariffs will be narrower and it is perhaps prudent to wait and see for better clarity.
Tue, 25 Mar 2025 04:55:59 -0400
As we can see the market pricing for Fed easing got pared back to 59 bps from 69 bps before the US PMIs release. That's not a material change but it was enough to give the US Dollar a short term boost as Treasury yields continue to pull back from the lows reached at the peak of the growth scare.
Tue, 25 Mar 2025 04:53:12 -0400
The big difference between this year's decline in USD/JPY and that seen last July and August is positioning. Last year's Japanese Yen (JPY) rally was all about the short covering of yen positions as the carry trade was unwound, ING's FX analyst Francesco Pesole notes.
Tue, 25 Mar 2025 04:48:08 -0400
Australian Treasurer Jim Chalmers presents 2025/26 budget and the Treasury's key economic forecasts before the Parliament on Tuesday.
Tue, 25 Mar 2025 04:46:27 -0400
Hopes Donald Trump's next round of tariffs, due to be announced on 2 April , could be more measured supported industrial metals prices at the start of the new week, ING's commodity experts Ewa Manthey and Warren Patterson note.
Tue, 25 Mar 2025 04:45:17 -0400
Australia releases CPI data for February tonight, with consensus looking at a third consecutive 2.5% YoY headline print. The trimmed mean re-accelerated in January from 2.7% to 2.8%, causing new troubles for the RBA, which started easing last month, ING's FX analyst Francesco Pesole notes.
Tue, 25 Mar 2025 04:42:40 -0400
It's been a rough quarter for crude oil as the market got hit by a wave of negative news. We had it all ranging from higher supply expectations to lower demand fears amid tariffs uncertainty and weakening economic data.
Tue, 25 Mar 2025 04:41:46 -0400
Oil prices rose yesterday after President Trump announced 25% US tariffs on any country buying Venezuelan oil, ING's commodity experts Ewa Manthey and Warren Patterson note.
Tue, 25 Mar 2025 04:40:51 -0400
No doubt this is an attempt to try and shore up political support. More details to follow.
Tue, 25 Mar 2025 04:38:14 -0400
Monday's PMIs surprised on the upside in the US while jumping less than expected in the euro area, helping the euro-heavy DXY index find support into the 104.0-104.50 area. However, the surveys highlighted a growing gap between the contracting manufacturing sector and the rebounding services sector in the US.
Tue, 25 Mar 2025 04:37:12 -0400
West Texas Intermediate (WTI) Oil price advances on Tuesday, early in the European session. WTI trades at $69.14 per barrel, up from Monday's close at $69.05.
Tue, 25 Mar 2025 04:34:14 -0400
ING's original working assumption for this week was that the euro could still squeeze some data-linked optimism from the German fiscal bazooka, ING's FX analyst Francesco Pesole notes.
Tue, 25 Mar 2025 04:25:07 -0400
The Pound Sterling (GBP) trades cautiously against its major peers on Tuesday. The British currency struggles as United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves is prepared to unveil the Spring Statement on Wednesday.
Tue, 25 Mar 2025 04:19:41 -0400
Just be wary though that US futures are looking fairly cautious, with S&P 500 futures now down 0.2%. That's sort of eating into the early optimism and could bite at European stocks later on.
Tue, 25 Mar 2025 04:19:04 -0400