EUR/GBP slid to 0.8680 as UK inflation rose, delaying BoE cuts; Eurozone confidence weakened, pressures.
US Dollar steady after Warsh hearing; Fed independence defended, no guidance; equities curb rebound, DXY struggles.
US EIA reports crude stocks up 1.925 million barrels April 17, versus expected 1.2 million-barrel decline.
USD/JPY remains rangebound as yen underperforms G10; weak trade balance noted, focus shifts to March CPI, BoJ.
Charter’s shares plunged 70%; inverse head-and-shoulders broke neckline, signaling reversal, with retest confirming support and continuation.
Iran war fuels Eurozone stagflation fears: higher energy-driven inflation through 2027, weaker growth, rising rates and risks.
S&P 500 held steady early; ceasefire lapsed and Warsh hearing spurred risk-off, then Trump extended truce.
UK March CPI held at 3.3%; energy lifted prices, services rose to 4.5%, core eased 3.1%.
Reuters poll: economists shift to “higher for longer” Fed rates as PCE inflation forecasts rise.
Eurozone consumer confidence slid to -20.6 in April from -16.3, down 4.3 points, staying negative.
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