Author: Omada Admin

USDJPY fell further on Friday, driven by the latest comments from President Trump about 25% tariff on Apple phones that were manufactured abroad and Japan’s inflation above forecasts in April that may question BOJ’s intentions to proceed with policy tightening. The pair is trading at two-week low in early US session on Friday, after the…

Britain continues to be surprised by strong retail sector data. Data on consumer inflation accelerating to an annualised pace of 3.5% was complemented by strong retail sales figures, renewing buying momentum in GBPUSD. For April, sales excluding fuel rose by 1.3%, and by the same month last year, the increase was 5.3%. This is much…

Gold has been back on its horses towards the second part of the month after retracing 10.8% from it’s April highs. Safe-Haven assets are bid today as President Trump reignites tariff discussions. Trading at $3,346, the precious metal is less than $155 (3.80%) from its all-time highs. Technical Analysis update for the Bullion. XAU/USD Technical…

The US House managed to pass the budget bill with a slim majority of just one vote on Thursday. Cuts to spending on medicare and food stamps flipped the last votes in favour of the bill, which also includes an extension of the 2017 tax cuts, and adds further tax cuts. US President Donald Trump calls…

We expect gross domestic product data on Thursday will show the Canadian economy grew by 1.8% annualized in Q1. The catch is that most of the increase came early in the quarter from a 0.4% rise in January. GDP contracted 0.2% in February from January as the federal GST tax holiday ended, severe weather disrupted…

Attention turns to Fed minutes and PCE inflation; can they lift the Dollar? RBNZ to likely cut again despite inflation pickup. Australian and Tokyo CPI, Canadian GDP, OPEC meeting on the agenda too. US yields and Treasury auctions also in focus as budget bill passes House. US Dollar feels the strain of debt jitters The…

We expect the RBNZ to cut the OCR by 25bp to 3.25%. We see the RBNZ’s OCR profile being revised down by around 20bp to around 2.9% by the end of 2025. Beyond this meeting a data dependent easing bias seems likely. The RBNZ may be open to a pause in July depending on events.…

Retail sales saw their first increase in 2025, up 0.8% month-on-month (m/m) in March, a tick above Statistics Canada’s advanced estimate. After adjusting for inflation, the volume of retail sales posted a 0.9% m/m increase. For the first quarter, retail sales volumes saw mild growth (+0.2% quarter-on-quarter, q/q) after two quarters of relatively strong gains.…

EUR/USD is showing bullish momentum on the weekly chart with a potential bullish engulfing candle, suggesting further gains and possible new yearly highs. On the daily chart, a close above 1.1366 is needed for a structural change. The RSI on the daily timeframe indicates a bullish bias, but a US Dollar recovery could trigger a…

President Trump Reignites Tariff Discussion US President Donald Trump just reignited market volatility with a series of tweets and comments around tariffs. The President posted to his Truth Social platform that tariffs of at least 25% would be put in place for iPhones not made in the US. The move sent the S&P lower but…