The Japanese Yen attracts sellers for the third consecutive day amid a positive risk tone. A modest USD bounce from a multi-month low further lends support to the USD/JPY pair. The divergent BoJ-Fed expectations might cap the pair ahead of central bank event risks. The Japanese Yen (JPY) retains its negative bias amid a modest […]
The Dow Jones shed 400 points on Thursday, falling 1.45%. US PPI inflation hit a soft patch, further easing fears of an inflation reignition. Despite easing price pressures, equities still took a hit as Trump threatens more tariffs. The Dow Jones Industrial Average (DJIA) fell some 400 points on Thursday, declining around one full percent after United
The Canadian Dollar shed 0.3% against the Greenback on Tuesday. Bank of Canada (BoC) rate call looms large during the midweek session. US President Trump’s trade war against Canada has hit a new gear. The Canadian Dollar roiled on Tuesday, falling roughly six-tenths of one percent against the Greenback at its lowest as markets weigh
The US Dollar trades broadly in the red on Tuesday, devaluing further against most major peers. The German Green coalition is said to be back on track for a defense spending bill. The US Dollar Index heads to the lower range of 103.00 and could break below it. The US Dollar Index (DXY), which tracks
DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY hovering around 103.95, struggling to find traction after last week’s steep decline. Federal Reserve (Fed) Chair Jerome Powell’s
The Dow Jones shed around 575 points on Thursday, as trade war fears resume. The more the Trump administration tries to soothe tariff fears, the worse things get. Market sentiment is still churning despite announced tariff delays and upbeat jobs data. The Dow Jones Industrial Average turned tail and ran on Thursday, in tandem with
United States (US) President Donald Trump will address Congress from the US Capitol at around 02:00 GMT Wednesday, marking his first appearance before lawmakers since retaking the White House. He’s expected to outline his vision for a wide range of domestic and foreign policy initiatives. In his second term, President Trump has wasted no time
XAU/USD climbs to $2,888 as markets brace for tariffs, weaker US growth Gold snaps a two-day losing streak as risk-off sentiment drives safe-haven flows. Trump’s tariff threats, clash with Zelenskyy fuel market uncertainty. Atlanta Fed GDP Now forecast plunges to -2.8%, boosts Gold’s appeal. Gold price is rallying over 1% on Monday, snapping two days
The Australian Dollar remains tepid following the release of the monthly Consumer Price Index. China’s International Trade Representative and Vice Minister of Commerce met with US business leaders to discuss tariffs. The Trump administration considers tightening chip export controls on China. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the fourth
Trump reiterates tariffs on Canada and Mexico, fueling trade concerns. UK retailers slash investment as consumer spending weakens. Markets expect BoE to hold rates at 4.50% in March, cut by Q2. The Pound Sterling (GBP) advanced early in the North American session, bouncing off a two-day low of 1.2605, as the Greenback weakened due to falling
NZD/USD gains positive traction for the third straight day amid sustained USD selling. The divergent Fed-RBNZ expectations warrant caution for aggressive bullish traders. Last week’s breakout above the 0.5700 mark supports prospects for additional gains. The NZD/USD pair attracts buyers for the third successive day on Monday and climbs to a two-month peak, around the
The US Dollar dives lower in the US Retail Sales aftermath and is set to close out the week at a loss. Almost a full -1 % slide in headline Retail Sales for January spells domestic issues for President Trump. The US Dollar Index (DXY) drops substantially below 107.00 and is on its way to
The Dow Jones rose on Thursday, testing near 44,750. Equities are cautiously optimistic after PPI numbers softened inflation blow. Markets continue to shrug off US President Donald Trump’s tariff threats. The Dow Jones Industrial Average (DJIA) found some room on the high side on Thursday, rising around 350 points and testing the 44,750 level. Equities were jarred by
When asked if reciprocal tariffs are still coming on Wednesday, US President Donald Trump said ‘we’ll see’. Trump commented on this at an event to welcome home a hostage released by Russian President Vladimir Putin late Tuesday. Market reaction Markets remain on tenterhooks on Trump’s tariffs uncertainty, with the US Dollar Index (DXY) finding fresh
According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed’s ability to accomplish its task of bringing inflation down to 2%. Key highlights If inflation rises or progress stalls, US central bank
USD/CAD falls sharply below 1.4300 as the Canadian Dollar continues to advance on US President Trump’s decision to postpone tariffs on Canada. BofA expects US tariff threats to China will continue to persist until a new USMCA deal gets negotiated. Investors await the US ISM Services PMI and the ADP Employment data for December. The USD/CAD
