The US Dollar is tying up with gains on Tuesday, snapping the DXY’s losing streak. Fed officials still see US rates unchanged under tariff and trade uncertainty. The US Dollar Index heads above 99.00 in search of the 100.00 figure. The US Dollar Index (DXY), which tracks the performance of the Greenback’s value against six…
Gold price dips over 0.50% as improved sentiment trims haven flows after last week’s 4.86% surge. Trump postpones 50% EU tariffs to July 9, easing short-term trade war fears. Strong Chinese Gold imports and Russia-Ukraine tensions keep the bullish outlook intact. Gold price drops more than 0.50% on Monday amid the lack of demand for…
EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1. The pair rebounds to 1.1350 as US Dollar stays pressured by rising fiscal deficit concerns. Euro shrugs off ECB rate cut talk, supported by improving German GDP figures. EUR/USD recovered during the mid-North American session on Friday after diving below…
XAU/USD rallies as Trump warns of 50% tariffs on EU imports, escalating trade war and boosting safe-haven demand. The US House passes a $4 trillion debt-heavy budget, with the Senate vote and inflation data in focus. Talks on Ukraine and Iran ease geopolitical stress, but markets remain risk-averse. Gold’s price uptrend resumed on Friday, with…
The Dow Jones fell on Friday, shedding 780 points at its lowest. Relief from tariff threats is over as the trade policy cycle begins anew. Markets pared back downside bets after investors remembered the odds of a tariff walkback remain high. The Dow Jones Industrial Average (DJIA) saw stiff losses during the Friday market session…
The Dow Jones rose slightly on Friday, clipping into fresh weekly highs. Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index. Investors are hoping that more clarity will come from the Trump administration on trade. The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged…
The Dow Jones shed around 150 points on Friday, falling back to 41,225. Investors are bracing for geopolitical tensions as the US and China head for initial trade talks. Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment. The Dow Jones Industrial Average (DJIA) followed the broader market lower…
The Dow Jones initally eased to 40,850 after the Fed held rates steady at 4.25-4.5%. Markets broadly anticipated a rate hold, but hope for a policy narrative pivot toward future rate cuts. Hope for imminent rate cuts took a hit after Fed Chair Powell gave a cautious appearance. The Dow Jones Industrial Average (DJIA) eased…
Gold price struggles to capitalize on its weekly gains registered over the past two days. The optimism over US-China trade talks is seen weighing on the safe-haven commodity. Investors now look to the crucial FOMC policy decision for a fresh directional impetus. Gold price (XAU/USD) retreats sharply from a two-week high touched the previous day…
The US Dollar Index edges lower, testing a fresh low for this week. Traders are starting to get nervous on the duration before an initial trade deal can be announced. The US Dollar Index remains capped below 100.00, still stuck in a wait-and-see range. The US Dollar Index (DXY), which tracks the performance of the…