Gold price rebounds from the Asian session trough as the USD stalls its recovery from a multi-year low. The weakening investors’ confidence in the US economy and Fed rate cut bets weigh on the Greenback. The optimism over easing US-China tensions remains supportive of the risk-on impulse and caps the XAU/USD pair. Gold price (XAU/USD) […]
EUR/USD sticks to gains near 1.1500 as the US Dollar has been battered by Trump’s attack on the Fed’s independence. Trump blames Fed Powell for the potential US economic slowdown. The ECB is expected to cut interest rates in June due to escalating downside risks to Eurozone inflation. EUR/USD trades firmly around 1.1500 during European
The broad selloff in US assets resumed overnight as market confidence took another blow from escalating political pressure on Fed. Major US stock indexes ended the session deep in the red, while 10-year Treasury yields surged back above 4.4%. The Dollar Index also plunged to a fresh three-year low, continuing its dramatic collapse. The key
USD/JPY dives to the 140.50 region amid renewed political threats to Fed independence Trump’s remarks intensify fears of institutional instability, weighing further on the US Dollar Momentum signals remain bearish, with next key support eyed near 139.60 The USD/JPY pair slumped on Monday during North American trading, falling sharply toward the 140.50 mark as the
![GBP/USD soars above 1.3400 [Video]](https://i0.wp.com/editorial.fxsstatic.com/images/i/GBPUSD_Large.png?w=1024&resize=1024,1024&ssl=1 "GBP/USD soars above 1.3400 [Video]")
GBP/USD soars above 1.3400 as threat to Fed’s independence batters US Dollar The GBP/USD pair rallies to near 1.3400 during European trading hours on Monday, the highest level seen in seven months. The Cable strengthens as the US Dollar (USD) has been battered by the threat to the Federal Reserve’s (Fed) independence after United States
Dollar weakened broadly in thin holiday trading today, dragged down by mounting concerns over the independence of the Federal Reserve. Investor anxiety escalated after White House economic adviser Kevin Hassett indicated that US President Donald Trump is continuing to explore whether he can remove Fed Chair Jerome Powell. While the legal basis for such a
The Federal Reserve can make more reductions as projected earlier but policymakers should wait for more clarity regarding trade and other policies, Federal Reserve Bank of San Francisco President Mary Daly said on Friday. U.S. inflation is moving closer to the 2 percent goal, but “we aren’t there yet”, Daly said in a post on
The forex markets held steady in tight ranges during Asian session, with investors treading cautiously ahead of the Easter long weekend. Market mood has been mildly lifted by signs of progress in US-Japan trade negotiations. In a surprise move, US President Donald Trump joined preliminary talks and later declared “Big Progress!” via social media, injecting
The Pound Sterling outperforms most of its peers on upbeat UK employment data for three months ending February. Investors await the UK CPI data for March, which will be released on Wednesday. US President Trump will likely announce a temporary suspension of automobile tariffs. The Pound Sterling (GBP) advances against its major peers, except antipodeans,
Commodity currencies, including Australian, New Zealand, and Canadian Dollars, are trading broadly higher in today’s Asian session, buoyed by continued recovery in global stock markets. Sterling is also advancing alongside, supported by improving risk sentiment. Meanwhile, traditional safe havens like the Swiss Franc, Japanese Yen, are on the back, along with the greenback foot. Swiss
Silver price trades firmly around $32.30 amid intensifying trade war between the US and China. China has increased the import duty on imports from the US to 125%. Growing risks of a US recession have strengthened US bond yields. Siver price (XAG/USD) clings to Friday’s gains near $32.30 during European trading hours on Monday. The
Financial markets opened the week on a relatively steady footing in Asia, offering investors a brief respite after last week’s extreme volatility driven by US tariff chaos. Major stock indexes are trading higher, though gains appear more a product of technical consolidation than renewed optimism. In currency markets, most major pairs and crosses are contained
The Japanese Yen continues to attract safe-haven flows amid the escalating US-China trade war. Hopes that Japan might strike a trade deal with the US contribute to the bid tone around the JPY. The divergent BoJ-Fed policy expectations provide an additional boost to the lower-yielding JPY. The Japanese Yen (JPY) trims a part of strong
The brief moment of optimism following the US tariff truce has quickly faded, as financial markets buckle again under renewed pressure. US stocks closed sharply lower overnight, wiping out a large portion of Wednesday’s historic rebound. The risk-off tone spilled into Asia, though unevenly—Japan saw steep losses, Singapore posted moderate declines, while Hong Kong and
The Greenback plummeted to fresh lows amid persistent concerns over the US-China trade war and its potential impact on both the global and US economies. Here is what you need to know on Friday, April 11: The US Dollar Index (DXY) tumbled to new multi-month lows in the sub-101.00 region amid shrinking US yields across
Dollar faced renewed selling pressure in early US session, as markets digested softer-than-expected inflation data. The latest CPI report confirmed that disinflation is regaining traction, with both headline and core inflation easing more than expected in March. This strengthens the case for Fed to resume its rate cut cycle in the coming months. A May
US stocks staged a powerful relief rally overnight, snapping back from the recent tariff-induced collapse. All three major indexes posted gains not seen in years, marking a dramatic reversal in sentiment. Yet, despite the scale of the rebound, it remains unclear whether this marks the beginning of genuine investor re-entry—or simply a massive short-covering rally
