Gold price attracts some safe-haven flows in reaction to Trump’s fresh tariff threats. Rising bets for a Fed rate cut in September also benefit the non-yielding commodity. The USD drops to a nearly two-week low and offers additional support to XAU/USD. Gold price (XAU/USD) climbs to the top end of the weekly range during the […]
The Japanese Yen attracts fresh sellers amid reports of additional US tariffs. Mixed BoJ rate hike cues further undermine the JPY amid a positive risk tone. Rising September Fed rate cut bets weigh on the USD and cap the USD/JPY pair. The Japanese Yen (JPY) remains on the back foot through the Asian session on
Fiserv stock sinks as much as 21% on Wednesday. Organic sales miss consensus, and management lowers 2025 outlook. CEO continues to expect double-digit adjusted EPS gains. Trump inks deal with Japan for 15% tariff. Fiserv (FI) stock sold off 21% on Wednesday after the payments company reported a decent second quarter that didn’t live up
EUR/JPY trades on a positive note near 172.40 in Wednesday’s Asian session. Japan’s Ishiba is reported to step down by the end of August, weighing on the Japanese Yen. The ECB is expected to hold rates at the July meeting on Thursday. The EUR/JPY cross pares losses to around 172.40 during the Asian trading hours
Gold price attracts fresh sellers amid renewed USD buying and reduced Fed rate cut bets. A generally positive risk tone is seen as another factor undermining the precious metal. Persistent trade-related uncertainties could limit losses for the safe-haven commodity. Gold price (XAU/USD) extends the overnight retracement slide from a multi-week top and continues to lose
GBP/USD caught a foothold on Monday, halting a near-term pivot into the low side. Fresh trade war rhetoric from the Trump administration has sparked fresh risk aversion in global markets. The July 9 tariff deadline has already been kicked down the road, but fresh tariffs now loom ahead. GBP/USD shed some weight on Monday, trimming
Gold price struggles to attract any meaningful buyers amid a combination of diverging forces. A modest USD bounce from a multi-year low and a positive risk tone caps the XAU/USD pair. Fed rate cut bets keep a lid on the USD and support the XAU/USD pair amid trade uncertainties. Gold price (XAU/USD) seesaws between tepid
Federal Reserve (Fed) Chair Jerome Powell added further comments during his testimony before the congressional budget committee on Tuesday, building out his case for holding off on rate cuts, likely until sometime in the fourth quarter. Key highlights When the time is right, expect rate cuts to continue.Data suggests at least some of tariff will
The United States (US) and China agreed to a preliminary deal on how to implement the consensus the two sides reached in Geneva, per Bloomberg. US negotiators said early Wednesday that they “absolutely expect” that issues around shipments of rare earth minerals and magnets will be resolved with the framework implementation, even though the full
The Dow Jones is holding steady as markets await Friday’s NFP report. Despite an overall upbeat tone to equities, market sentiment remains hobbled. The US is heading into trade talks with China, which Trump staffers historically lack the patience for. The Dow Jones Industrial Average (DJIA) held steady on Thursday, chugging quietly near the previous
EUR/USD ticks lower on Thursday and stalls the previous day’s bounce from over a one-week low. A turnaround in the global risk sentiment lends some support to the USD and weighs on the pair. Traders now look to the US PCE Price Index for some impetus ahead of the ECB next Thursday. The EUR/USD pair
Gold price resides below $3,340 on Monday, and takes back some of Friday’s gains. Markets rejoice and head into risk-on tone after Trump announced a delay on EU tariffs until July 9. US debt concerns are in the background but remain lingering, capping the downside for the precious metal. Gold (XAU/USD) price slips on Monday
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and starts to target domestic companies as well, with Apple’s Iphone facing 25% tariff. The US Dollar Index extends losses and is on its way to test a fresh two-week low near 99.14.
EUR/USD rose on Tuesday, but remains capped by 1.1300. Despite a near-term recovery, the Euro remains down from recent highs against the Greenback. US PMI figures will be the key data release this week. EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle.
Federal Reserve (Fed) Bank of St Louis President Alberto Musalem added his voice to the chorus of Fedspeakers warning that US trade policy under the guidance of the Trump administration is poised to not only weigh on growth, but could also exacerbate price volatility, one of the Fed’s favorite stand-in phrases for inflation. Key highlights
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index. Investors are hoping that more clarity will come from the Trump administration on trade. The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged
The US Dollar trades steady lower on Thursday despite a slew of key US economic data released. Markets see talks in Turkey between Russia and Ukraine fall apart before even starting. The US Dollar Index holds just below 101.00 and could move either way after a volatile Wednesday. The US Dollar Index (DXY), which tracks
