Asia FX gains after Trump tariff-led selloff; AUD jumps on RBA surprise hold

By Gram Slattery RACINE, Wisconsin (Reuters) -Republican presidential candidate Donald Trump sought to present himself as the best candidate for the U.S. economy at a Tuesday rally in Racine, Wisconsin, where a local factory that he broke ground on six years ago has proven to be a major flop. The former president also vowed to…

At the opening of Monday’s session on 12 January, gold (XAU/USD) gapped higher and briefly moved above the psychological $4,600 level, setting a new all-time high. Bullish drivers: → Geopolitical tensions. Following developments in Venezuela, market attention has shifted to unrest in Iran and renewed discussion around the United States’ interest in Greenland, whether through…

USDJPY: On Monday, the Japanese yen (JPY) continued to gain ground against the US dollar (USD). The USD/JPY pair has remained subdued as the Japanese yen strengthens in anticipation of the Bank of Japan (BoJ) raising interest rates in January, following the release of Consumer Price Index (CPI) inflation data in Tokyo last week. Jibun…

After a week dominated by European events, the spotlight shifts to China. Chinese retaliatory tariffs on US agricultural products are now in effect, and attention will focus on USD/CNH trading levels ahead of upcoming US tariffs. EUR/USD may experience consolidation. The dollar might be nearing a stabilization point after a volatile week. While Europe heavily…

2024.09.13 2024.09.13 XAUUSD: Elliott wave analysis and forecast for 13.09.24 – 20.09.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider long positions from corrections above the level of 2497.30 with a growth target of 2600.00 – 2700.00. A buy signal: if the price holds above 2497.30. Stop Loss:…