The Euro recovers against the US Dollar with concerns over the Fed’s independence limiting losses. EUR/USD price action recovers above 1.1600 as momentum turns neutral. Tariffs and trade deals remain in focus for the EUR/USD pair. The Euro (EUR) is strengthening against its US Dollar (USD) counterpart on Wednesday, as traders shift focus to concerns…
Gold price rebounds after reports emerge that President may remove Fed Powell from office US Dollar retreats with trade talks and political uncertainty weighing on the greenback. XAU/USD recovers above $3,350 with $3,400 back in focus. Gold price action is reacting to another critical US inflation report on Wednesday as price action remains sensitive to…
Quick update: Trump was swift in denying the news. “We’re not planning on doing it,” he said. “It’s highly unlikely.” Dollar reversed earlier gains and fell sharply after reports emerged that US President Donald Trump is preparing to fire Fed Chair Jerome Powell “very soon”. The move would spark a dramatic clash over the independence…
Global markets brushed aside the latest escalation in the US-led trade war last week, with equities rallying to fresh record highs and risk appetite proving remarkably resilient. Overall, the muted investor response suggested markets were pricing in the tariff headlines as more bark than bite, at least for now. Aussie led pack, benefiting from a…
Dollar attracts safe haven flows amid trade anxiety. US inflation data could shake July Fed cut probability. UK, Canadian and Japanese CPI numbers also on tap. Weak Chinese growth may increase calls for more stimulus. Dollar reacts differently to tariff concerns now The dollar has held very well against its major peers this week, although…
St. Louis Fed President Alberto Musalem on warned that it’s too early to judge how deeply tariffs might affect US inflation. He projected the average effective tariff rate could land in the high teens to low 20s, but emphasized uncertainty about how the price impact will play out. “It’s too soon to tell” whether tariffs…
Gold price remains under some selling pressure amid reduced bets for a Fed rate cut in July. The USD stands firm near a two-week high and contributes to the commodity’s offered tone. Tariff jitter weighs on investors’ sentiment, though it does little to impress the XAU/USD bulls. Gold price (XAU/USD) retains its bearish bias for…
The Japanese Yen drifts lower in reaction to weaker domestic wage growth data. Geopolitical risks and divergent BoJ-Fed expectations should limit JPY losses. The USD bearish sentiment might further contribute to capping the USD/JPY pair. The Japanese Yen (JPY) intraday selling bias against a broadly stronger US Dollar (USD) remains unabated, with the USD/JPY pair…
Gold price drops to a multi-day low on Monday amid modest USD strength. Fed rate cut bets and US fiscal concerns should act as a headwind for the USD. Geopolitical risks could further offer support to the safe-haven precious metal. Gold price (XAU/USD) retains intraday bearish bias through the first half of the European session,…
Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce…