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BNP Paribas on another likely catalyst for a higher EUR/USD

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Via BNP Paribas analysts, looking for a stronger euro still:

  • “If European investors agree with our view that there could be a rotation out of U.S. assets with the euro a key beneficiary, hedge ratios could rise or dollar asset allocations could be reduced.”
  • could drive a higher EUR/USD
  • the sensitivity of the euro to rotation out of U.S. equities into Europe could be higher than it has been in the past due to eurozone investors’ larger stocks of U.S. equity holdings now

This article was written by Eamonn Sheridan at www.forexlive.com.

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April UK business confidence improved to its highest level since September 2023

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UK business confidence improved to its highest level since September 2023, according to the latest Institute of Directors (IoD) syrvey

  • The IoD’s confidence index rose from -58 in March to -51 in April.

  • Hiring expectations turned positive for the first time since September, while investment intentions also picked up.

  • Chief economist Anna Leach said concerns remain over US trade policy uncertainty and cost pressures from the prior UK budget.

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The survey was conducted among 648 UK business leaders between April 11–29, after the tariff pause was announced.

  • The results contrast with earlier April surveys showing weakening sentiment among businesses and consumers.

This article was written by Eamonn Sheridan at www.forexlive.com.

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Canada’s Economy Flatlined in February, Small Rebound Expected in March  

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Canadian GDP fell by 0.2% month-on-month (m/m) in February, unwinding part of the strong gain the month prior. The reading was a touch softer than Statistics Canada and consensus expectations for flat growth. For March, Statistics Canada’s flash guidance points to modest GDP growth of 0.1% m/m. February’s reading was broad-based, with output contracting in […]

The post Canada’s Economy Flatlined in February, Small Rebound Expected in March   appeared first on Action Forex.

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