EUR/USD advances as lower US inflation sparks calls for aggressive Fed rate cuts. Trump urges full percentage point cut in Fed funds rate post-CPI. ECB policymakers cautious, but inflation outlook hints at further fine-tuning. The EUR/USD surged during the North American session but remains shy of clearing the 1.1500 figure, following the release of a […]
Sterling still set for weekly gain over 0.80% amid broad Greenback weakness earlier in the week. US economy added 139K jobs in May, beating forecasts and reinforcing Fed’s cautious stance on rate cuts. Dollar strength resurfaces, with DXY climbing 0.58% to 99.28, its highest in two days. GBP/USD tumbled during the North American session, down
XAU/USD drops as strong US Dollar pressures Bullion; tariff uncertainty rattles markets. US core PCE dips in April, but strong data lifts yields, dampening Gold’s appeal. Trump accuses China of violating trade deal, reviving geopolitical and tariff concerns. Gold price slumped on Friday as the US Dollar recovered some ground despite witnessing a drop in
Gold drops 0.27% after Fed cites tariff-driven inflation concerns; yields rebound, stalling bullion’s rally. Fed minutes highlight risks of persistent inflation and weakening job growth, prompting cautious rate stance. US bond yields rebound, lifting the Dollar and pressuring Gold below $3,300. Goldman Sachs urges increased Gold exposure amid rising geopolitical risks and central bank demand.
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for
EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1. The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns. Euro shrugs off ECB rate cut talk, supported by improving German GDP figures. EUR/USD recovered during the mid-North American session on Friday after diving below
The Mexican Peso gains ground against the US Dollar as Moody’s downgrade of US sovereign debt weighs on the Greenback. The Federal Reserve is set to review the discount rate on Monday, potentially influencing short-term funding conditions. USD/MXN trades cautiously below the key psychological resistance at 19.50, reflecting broader Dollar weakness. The Mexican Peso (MXN)
Gold snaps two-day losing streak, gaining 1.5% on fresh trade war fears. Trump softens tariff talk, but China denies negotiations and demands full rollback. Fed rate cut bets rise as yields drop and economic uncertainty builds. Gold price snapped two days of losses on Thursday and rose $50, or more than 1.50%, amid renewed concerns
Gold hits fresh all-time high as Trump attacks Powell, calling him “a major loser” for delaying rate cuts. DXY plunges to 97.92 as Fed independence is questioned and stagflation risks remain in focus. Traders brace for key Fed speeches this week from Jefferson, Harker, and Kashkari amid growing policy uncertainty. Gold price begins the week
Gold rallies $90 this week as the US Dollar weakens amid rising trade tensions and geopolitical risks. Fed’s Daly says policy is still restrictive; neutral rate may be rising, echoing Powell’s hawkish tone. Traders focus on key US data next week: Flash PMIs, Durable Goods, and final Consumer Sentiment. Gold prices are set to end
Euro edges higher amid US Dollar pressure after the White House pushes tariffs on Chinese ships, fueling global trade risks. Trump reportedly furious with Fed Chair Powell; adviser says President reviewing legality of dismissal. ECB’s Muller says lower energy prices and tariffs justify rate cut, though warns fragmentation may fuel inflation ahead. The Euro (EUR)
Gold pulls back from $3,357 all-time high as Powell warns Fed’s goals may conflict, raising stagflation concerns. Market mixed: Dow dips on UnitedHealth crash while other indices see modest gains. Trump signals trade progress with EU and China; ECB cuts rates 25 bps, widening global policy divergence. Gold retreated on Thursday ahead of the Good
Mexican Peso pares gains late in session as traders digest Trump’s shifting tariff stance and looming US tomato duties. Sheinbaum continues talks to avoid steep tariffs; US to impose 20.91% duty on Mexican tomatoes from July 14. Traders eye Mexico’s inflation and retail data, while US Retail Sales and Jobless Claims remain i The Mexican
Mexican Peso depreciates over 1% as Trump threatens more China tariffs; risk-off sentiment crushes EM currencies. Peso slumps for second straight day as VIX hits pandemic-era highs, fueling flight to safety into USD. Sheinbaum avoids retaliatory tariffs as Mexico pushes for dialogue; auto sector fears long-term disruption. The Mexican Peso (MXN) plunges against the US
Trump to announce new tariffs at 20:00 GMT; plan may include 20% duties on nearly all US trade partners. UK hopes for exemption amid balanced trade ties; GBP rallies on optimism and cautious risk-on mood. Strong ADP and Durable Goods data fail to lift USD ahead of key NFP and Powell speech later this week.
Gold hits fresh all-time high amid speculation Trump’s April 2 tariffs could target all trade partners. Goldman ups US recession odds to 35% as sentiment deteriorates and Washington signals tolerance for slowdown. DXY and yields rise but fail to dent Gold’s rally as safe-haven flows dominate ahead of key US data. Gold prints another record
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,
