GBP/USD attracts some buyers to around 1.3350 in Monday’s early Asian session. The UK hopes to strike a deal with Trump after he imposed 10% tariffs on most imports of British goods to the US. Fed’s Powell said the US central bank remains in wait-and-see mode. The GBP/USD pair extends its upside to near 1.3350…
GBP/USD Forecast: Pound Sterling remains on track to post weekly gains GBP/USD moves sideways in a tight channel above 1.3250 in the European session on Friday after posting small gains on Thursday. The pair remains on track to end the week in positive territory. The US Dollar (USD) Index, which tracks the USD’s performance against…
Gold price edges lower in Friday’s early Asian session, pressured by profit-taking. Mounting uncertainty about tariffs and recession fears could boost the safe-haven flows, supporting the Gold price. Fed’s Daly is set to speak later on Friday. The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors…
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
Mexican Peso gains as China retaliates with 125% tariffs, sending the US Dollar Index below 100 for the first time since 2021. Banxico minutes show unanimous concern over decelerating growth; rate cut likely at next meeting. US data mixed: PPI cools but remains elevated; sentiment slumps and inflation expectations jump. The Mexican Peso ends the…
European Commission President Ursula von der Leyen said early Friday that the European Union (EU) is ready to use its most powerful trade measures and may impose levies on US digital companies if negotiations with US President Donald Trump fail to end his tariff war against Europe, per Financial Times. Key quotes We are developing…
Gold price rebounds to around $3,115 in Thursday’s late American session. The heightened economic uncertainty supports the safe-haven demand, supporting the Gold price. Traders await the US March employment data, which is due later on Friday. Gold price (XAU/USD) recovers some lost ground to near $3,115 during the late American session on Thursday after facing…
US President Donald Trump said on Sunday that he was “pissed off” at Russian President Vladimir Putin and would impose secondary tariffs of 25% to 50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine. “If Russia and I are unable to make a deal on…
NZD/USD appreciates as sentiment improves following S&P Global Ratings’ projection that New Zealand will be less affected by US tariffs. Bullish momentum persists in New Zealand equities, driven by signs of domestic recovery after country exited recession in Q4 2024. Federal Reserve Governor Adriana Kugler reaffirmed that the Fed’s interest rate policy remains restrictive and…
The Indian Rupee edges lower in Tuesday’s Asian session. Fresh foreign capital inflows and a weaker Dollar underpin the INR; higher crude oil prices might cap its upside. Investors brace for Fedspeak and CB’s Consumer Confidence report later on Tuesday. The Indian Rupee (INR) softens on Tuesday after closing stronger for the ninth consecutive session…