Makro Haberleri

TD Securities analysts highlight that the European Central Bank (ECB) Consumer Expectation Surveys showed a notable upside surprise in 1-year and 3-year inflation expectations.

The USD/JPY pair is up 0.17% to near 159.70 during the European trading session on Tuesday. The pair trades higher as the US Dollar (USD) outperforms its peers ahead of the two-day Federal Reserve (Fed) policy meeting, which will start later in the day.

The Euro (EUR) has reversed the previous two trading days' recovery against the US Dollar (USD) on Tuesday and languishes right below 1.1700 ahead of the US session opening.

BNY strategist John Velis expects the Federal Reserve (Fed) to leave rates unchanged at the April Federal Open Market Committee (FOMC) meeting and provide limited forward guidance, reflecting uncertainty around inflation and the Iran conflict.

The Pound Sterling (GBP) is down against its major currency peers, trading 0.2% lower around 1.3500 against the US Dollar (USD), during the European trading session on Tuesday.

EUR/CAD depreciates for the second successive day, trading around 1.5960 during the European hours on Tuesday. The currency cross holds losses as the Euro (EUR) struggles on increased safe-haven demand amid stalled US-Iran peace talks.

United States (US) equity markets trade with caution at the start of the European trading session on Tuesday. As of writing, S&P 500 futures are down 0.16% to near 7,160, and Dow Jones futures are flat slightly below 49,200.

EUR/JPY depreciates after two days of gains, trading around 186.40 during European hours on Tuesday. The technical analysis of the daily chart indicates the currency cross slips below the ascending channel, signaling a possible bearish reversal.

The EUR/GBP cross trades on a flat note near 0.8660 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the Bank of England (BoE) and the European Central Bank (ECB) interest rate decisions later on Thursday.

The Australian Dollar (AUD) demonstrated a mixed performance against its major currency peers, trading marginally lower against the US Dollar (USD) around 0.7180 during the European trading session on Tuesday.

The USD/CAD pair posts modest gains near 1.3635 during the early European trading hours on Tuesday. Uncertainty over US-Iran peace talks and the closure of the Strait of Hormuz provide some support to a safe-haven currency such as the US Dollar (USD) against the Canadian Dollar (CAD).

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.50 during the Asian hours on Tuesday.

The USD/CHF pair gathers strength near 0.7865 during the early European session on Tuesday. The US Dollar (USD) edges higher against the Swiss Franc (CHF) due to the stalled US-Iran ceasefire and the closure of the Strait of Hormuz.