The Dow Jones is clawing back recent losses as investor sentiment continues to climb. Traders continue to bank on an eventual walk back of the Trump team’s sky-high tariff threats. Trade deals remain limited, and the August 1 deadline is approaching fast. The Dow Jones Industrial Average (DJIA) rebounded on Friday, recovering its footing after…
The US Dollar steadies after a sharp midweek drop, with DXY holding above the key 97.00 support. Trade optimism lifts risk appetite following bilateral tariff deals with Japan, Indonesia and the Philippines. US President Donald Trump to visit the Federal Reserve at 20:00 GMT, intensifying political pressure on Fed Chair Jerome Powell. The US Dollar…
Gold rallies as tariff risks and trade tensions fuel demand for safe-haven bullion. EU-US trade talks stall as President Trump increases demands, sending the US Dollar lower. XAU/USD threatens psychological resistance at $3,400 as bullish momentum increases. Gold (XAU/USD) is benefiting from renewed trade tensions on Monday, which have triggered demand for the safe-haven yellow…
Fed’s Waller supports July rate cut, pulling Treasury yields and Dollar lower. UoM survey shows improved sentiment and easing inflation expectations in the US. ECB decision, EU PMIs, and US macro data in focus for the week ahead. The EUYR/USD finished Friday’s session with gains of over 0.26% amid a weaker US Dollar, following dovish…
Gold price recovers a portion of losses after a rejection of $3,300. Interest rate expectations and rising yields support the Dollar, limiting bullion gains. XAU/USD bulls and bears battle to push the price out of its narrow range. Gold (XAU/USD) is experiencing a pullback on Thursday as traders digest US Retail Sales data and await…
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…
EUR/USD posts first weekly loss in three weeks, ending at 1.1688. Trump eyes blanket tariffs, including on EU and copper exports. Dollar marks strongest week since March amid broad risk-off tone. EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for…
losing The Dow Jones fell back into the weekly red zone on Friday. President Trump has stepped up fresh tariff threats, targeting Canadian goods with new import fees. Investor sentiment remains hobbled in a constantly changing trade policy environment. The Dow Jones Industrial Average (DJIA) snapped a two-day recovery on Friday, testing below the 44,400…
The Indian Rupee moves higher against the US Dollar to near 85.65. India is in no rush to sign a trade pact with the US. FOMC minutes suggest that officials are worried about tariff-led inflation. The Indian Rupee (INR) gains against the US Dollar (USD) during the European trading session on Thursday. The USD/INR pair…
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…