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Hello everyone, today XM Foreign Exchange will bring you "【XM Foreign Exchange Platform】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
Bad news: US retail sales growth slowed down in April and PPI monthly rate unexpectedly lowered, which implies that the momentum of US economic growth has weakened, and the market's expectations for the Federal Reserve's interest rate cuts have increased, which in turn led to a decline in the US dollar index, and finally closed down 0.22% on May 15 to 100.79.
Good news: Federal Reserve Chairman Powell is in Thomas? The Laubach research conference said that the supply chain shock may exist for a long time, and repeated inflation will force the Fed to maintain high interest rates, and it is not even ruled out further interest rate hikes. This policy hawkish signal will support the US dollar to a certain extent, but the market needs to further observe the Fed's subsequent actual actions.
Good news: The Bank of Japan's interest rate hike expectations continue to heat up, and the Japanese PPI announced on Wednesday continued to be higher than 2%, strengthening the market bets for another interest rate hike in 2025. Bank of Japan Deputy Governor Shinichi Uchida reiterated that if the economy and prices improve as expected, policy interest rates will continue to be raised. In addition, Japan's chief negotiator will go to Washington as early as next week. The market is looking forward to the United States and Japan reaching a tax cut agreement. These factors provide strong support for the yen. On May 15, the yen achieved a strong intraday increase against the US dollar and jumped to a new weekly high.
Bold news: There is no obvious negative news yet, but we need to pay attention to changes in global risk sentiment and the uncertainty of the results of the US-Japan negotiations. If there are twists and turns in the negotiations or the global risk preferences rebound sharply, it may affect the safe-haven demand of the Japanese yen, which in turn affects its exchange rate.
Good news: The European Commission released its spring economic forecast on May 15, with an average growth rate of 1% in 27 EU countries this year, and 1.6% in 2025; the growth rate of 20 countries in the euro zone is slightly slower, and it is expected to grow by 0.8% this year and 1.4% next year. The euro zone's GDP grew by 0.3% month-on-month in the first quarter, indicating that the European economy has improved again and has overcome the difficulties, which has provided certain support for the euro. On May 15, the euro rose moderately against the US dollar on the day, close to 1.1200.
Bold news: The European Central Bank requires banks in the region to assess the risk of a dollar shortage under pressure, due to concerns that Trump cannot rely on the Federal Reserve under his rule. This news may trigger market concerns about the stability of the euro zone banking system, thereby curbing the euro's upside potential to a certain extent.
Good news: On May 15 local time, data released by the UK's National Office for Statistics showed that the UK's GDP in the first quarter of 2025 increased by 0.7% month-on-month, and its economic growth performed well, providing fundamental support for GBP. On May 15, the pound stood at 1.33 against the US dollar, up 0.28% during the day.
Bold news: There is no obvious negative news yet, but there is still certain uncertainty in the subsequent impact of the UK after Brexit, and changes in the global economic situation may also have an indirect impact on the UK economy and the pound exchange rate, which requires continued attention.
The above news is for reference only. The foreign exchange market fluctuates complexly and is affected by a combination of various factors. Investors need to make cautious decisions when conducting foreign exchange transactions.
The above content is all about "【XM Foreign Exchange Platform】: Collection of positive and negative news that affects the foreign exchange market". It was carefully compiled and edited by the XM Foreign Exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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