Gold price rallies more than 2% on Monday with nervousness towards the Fed interest-rate decision. Geopolitical risks coming from Trump and Israel are pushing investors back into Gold. The Greenback is losing its status as safe haven in favor of Bullion. Gold (XAU/USD) rises by more than 2% on Monday to $3,317 at the time…
Gold price regains positive traction on Monday as geopolitical risks revive safe-haven demand. The USD remains depressed below a multi-week high and further benefits the precious metal. The market focus now shifts to the crucial two-day FOMC policy meeting starting on Tuesday. Gold price (XAU/USD) sticks to its modest intraday gains above the $3,250 level…
USD/MXN flats near 19.58 as soft Mexican manufacturing and Banxico’s dovish tilt weigh against strong US jobs data. Mexico’s dismal data suggests the economic slowdown might continue as PMI hits three-year low, business confidence deteriorates. Banxico is seen cutting rates in May, widening policy gap with Fed and pressuring Peso outlook. The Mexican Peso (MXN)…
April Nonfarm Payrolls beat consensus at 177K; Unemployment Rate steady at 4.2%, easing recession concerns. Trump pressures Fed to cut rates despite upbeat data; CBOT shows 88 bps of easing priced in. Apple and Amazon fall on China sales miss and cloud growth slowdown despite beating EPS forecasts. The Dow Jones Industrial Average (DJIA) rallied…
Gold price snaps this week’s losing streaks and reclaims $3,260 after consolidating three consecutive days of losses. Gold unwinding takes place after headlines that China is considering trade talks with the US. With possibly China entering trade talks with the US, tail risks could balloon to ouside proportions. Gold (XAU/USD) trades around $3,260 on Friday…
The AUD/USD pair trades higher around 0.6400, up 0.26% on the day. US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025. Market expectations for a Fed rate cut in June rise as weak data weighs on the USD. Investors remain cautious ahead of key US data releases, including NFPs and GDP…
Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering…
Indian Rupee softens in Wednesday’s Asian trading hours. Heightened tensions between India and Pakistan weigh on the INR. Traders await the US ADP Employment Change, PCE inflation and flash Q1 GDP report later on Wednesday. The Indian Rupee (INR) weakens on Wednesday, pressured by rising geopolitical tensions between India and Pakistan. Many tourist sites in…
Mexican Peso appreciates as USD/MXN slips to 19.56 on hopes for US tariff relief. Wall Street gains spark demand for riskier assets like the Mexican Peso. Trump hints at easing auto tariffs; potential trade deals with India or South Korea eyed. Traders await Mexico’s Q1 GDP and US Core PCE data for fresh direction. The…
Gold buyers regain control as risk-off sentiment spreads across financial markets. US Dollar and Treasury yields slide as traders bet on deeper Fed rate cuts. Traders brace for a crucial US data week with GDP, Core PCE and NFP in focus. Gold price resumes its uptrend on Monday after erasing some of its earlier losses,…