Gold is trading rather steady around $3,020 after Friday’s decline. US President Trump is said to ease off on tariffs by April 2, according to US officials. Gold is still supported in the $3,000 region, though pressure is building for more downside. Gold’s price (XAU/USD) is looking for direction while orbiting around $3,020 at the…
The Australian Dollar strengthens after the release of upbeat Judo Bank Purchasing Managers Index data on Monday. Australia’s Judo Bank Manufacturing PMI rose to 52.6 in March, while the Services PMI increased to 51.2. The US Dollar faces pressure as concerns grow over a potential economic slowdown driven by Trump’s trade policies. The Australian Dollar…
The Federal Reserve is expected to leave the policy rate unchanged for the second consecutive meeting. The revised Summary of Economic Projections could offer key clues about the policy outlook. The US Dollar could recover if the Fed downplays growth concerns. The United States (US) Federal Reserve (Fed) will announce monetary policy decisions and…
Gold briefly hits unprecedented high at $3,004 per ounce before settling lower at $2,982 amid US Dollar volatility. Geopolitical tensions rise as Russia-Ukraine ceasefire falters; China’s central bank extends bullion buying streak, boosts Gold. US recession fears escalate following dismal consumer sentiment report, raising bets the Fed could ease policy further in 2025. Gold prices…
The Dow Jones recovered around 520 points on Friday. Despite the last-minute pullback, the Dow remains down 1,400 points for the week. Equities shrugged off one of the worst consumer sentiment prints in years. The Dow Jones Industrial Average (DJIA) fought back at the brink on Friday, clawing back roughly 520 points following a string…
Mexican Peso advances as USD/MXN plunges below 19.90, down over 1%. The Peso shrugs off Mexico’s weak industrial output and declining consumer confidence fueling recession concerns. US consumer sentiment plunges amid rising inflation expectations, driven by upcoming Trump administration tariffs. The Mexican Peso (MXN) rallied against the US Dollar (USD) on Friday, ignoring softer-than-expected economic…
The Greenback back in a weekly loss ahead of the US trading session on Friday. Headline risk persists with headlines on the government shutdown and tariff headwinds. The US Dollar Index has been limited by the 104.00 hurdle and looks to be closing off the week in a negative tone. The US Dollar Index (DXY),…
The Japanese Yen drifts lower against the USD for the second consecutive day on Wednesday. Concerns about Trump’s trade tariffs and a positive risk tone undermine the safe-haven JPY. The divergent BoJ-Fed policy expectations should limit any meaningful downside for the JPY. The Japanese Yen (JPY) remains on the back foot against the recovering US…
The Australian Dollar remains under pressure despite a release of stronger economic data on Tuesday. Westpac Consumer Confidence climbed 4% to 95.9 in March, up from 92.2 in February, reaching its highest level in three years. The US Dollar struggles as concerns grow that tariff policy uncertainty could push the US economy into a recession….
EUR/USD rises to near 1.0850 as the US Dollar weakens amid accelerating concerns over the US economic outlook. US President Trump’s policies are expected to slow down the US economic growth. ECB’s Centeno expects that Eurozone inflation is almost out of the woods. EUR/USD trades firmly around 1.0850 after recovering early losses in Monday’s European…