Gold faces some doubts after the Trump administration loosens tariff pressure for Mexico and Canada. US yields recovered a touch while Fed’s Waller sees chances for two or even three rate cuts this year. Traders gear up for the Nonfarm Payrolls release for February this Friday. Gold’s price (XAU/USD) ticks up slightly and consolidates for the…
The Dow Jones shed around 575 points on Thursday, as trade war fears resume. The more the Trump administration tries to soothe tariff fears, the worse things get. Market sentiment is still churning despite announced tariff delays and upbeat jobs data. The Dow Jones Industrial Average turned tail and ran on Thursday, in tandem with…
Gold price holds steady near a one-week high, and lacks bullish conviction. Trade war fears, Fed rate cut bets, and a bearish USD support the XAU/USD pair. A positive risk tone caps the commodity ahead of the US NFP report on Friday. Gold price (XAU/USD) struggles for a firm direction during the Asian session and…
The Australian Dollar remains under pressure as the RBA’s February Meeting Minutes highlighted downside risks to the economy. Australia’s Retail Sales rose by 0.3% MoM in January, recovering from a 0.1% decline in December. The US Dollar weakened after European leaders voiced support for security guarantees for Ukraine, improving risk sentiment across global markets. The…
Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,…
The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President Trump threatening an extra 10% levy on Chinese imports. PCE data from the US from…
US Dollar Index DXY jumps above 107.00 after a hotter-than-expected inflation component in GDP data. CME FedWatch Tool now shows a near 35% probability that rates will remain steady in June, with cuts still on the table. Focus will shift to labor market data from February to be released at the beginning of March. The…
The US Dollar trades flat and unfazed by overnight events. The Trump administration is trying to corner China further with third-party tariffs and semiconductor restrictions. The US Dollar Index (DXY) resides just above important support ahead of more downside. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six…
Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to…
Mexico’s Q4 GDP contracts for the first time since 2021. Banxico slashes 2025 growth outlook to 0.6%, well below Finance Ministry projections. US data mixed: Manufacturing PMI improves but Services PMI falls into contraction. The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the…