AUD/USD retreats amid renewed demand for safe havens ahead of Trump’s tariff deadline. AUD pressured by RBA cut expectations, while steady Fed policy underpins USD. AUD/USD holds a bullish structure, though momentum fades near wedge resistance. The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a…
The US Dollar edges lower on Friday in thin holiday trade, snapping a two-day winning streak. Tariff tensions resurface as Trump prepares to send letters imposing unilateral trade duties from August 1. US President’s “One Big Beautiful Bill” passes the House of Representatives, raising long-term debt concerns. The US Dollar (USD) eases on Friday, drifting…
July 9 tariff deadline looms as trade deals remain elusive. Fed minutes to be watched after positive jobs report. RBA expected to cut but RBNZ to likely stay on hold. OPEC+ to probably raise output again. UK GDP, Canadian employment and Chinese CPI data also on tap. The race to the finish line It’s been…
Gold price stalls ahead of Thursday’s Nonfarm Payrolls (NFP) report for clues on the health of the US labour market. Fiscal concerns continue to rise as Trump’s tax bill moves to the next stage. If passed, the budget deficit is expected to rise, which could boost demand for Gold. XAU/USD lingers below $3,350 as momentum…
Dollar ended last week as the weakest major currency, with Dollar Index breaking to a fresh three-year low. Risk-on sentiment was a key driver: US equities surged following the Israel-Iran ceasefire, and S&P 500 and NASDAQ both posted record closes on Friday. Rising expectations of rate cuts from Fed later this year also contributed to…
Middle East ceasefire and Fed shenanigans weigh on the Dollar. ISM PMIs and Nonfarm payrolls to impact Fed rate cut bets. Eurozone inflation and ECB forum to be closely monitored by euro traders. China PMIs, Japan’s Tankan Survey and Swiss CPI also in focus. Israel-Iran ceasefire and Fed independence risks The US dollar underperformed all…
San Francisco Fed President Mary Daly reiterated her long-standing view that the central bank could begin easing policy in the fall, telling Bloomberg TV, “My modal outlook has been for some time that we would begin to be able to adjust the rates in the fall, and I haven’t really changed that view.” She added…
“Federal financial policy, debt, doesn’t affect our month-to-month policy decisions,” Federal Reserve (Fed) Chairman Jerome Powell said while testifying about the Semi-Annual Monetary Policy Report before the Senate Banking Committee on Wednesday. Key takeaways “Ample reserves enable banks to keep lending through stress.” “Return to scarce reserves would not save money.” “Unwinding ample reserves would…
Boston Fed President Susan Collins expressed her preference for what she termed an “actively patient” approach to monetary policy, saying it remains appropriate amid rising uncertainty. Speaking today, Collins pointed to the fluidity in tariff developments and broader government policy shifts, which she said “validate the careful approach” Fed has taken so far in 2025….
Federal Reserve (Fed) Bank of New York President John Williams predicted slightly higher inflation and unemployment through the rest of the year on Tuesday, as well as slower-than-expected growth metrics. As the head of the New York Fed, Williams is a permanent voting member of the Federal Open Market Committee (FOMC) and holds significant sway…