The US Dollar Index (DXY) rises near the 99.65 area as traders react to conflicting US-China trade signals. Hopes of tariff relief and Fed rate cuts lift sentiment despite China denying any current negotiations. Resistance is seen at 99.92 and 100.95 for the DXY with technical indicators painting a mixed-to-bearish picture. The US Dollar (USD)…
The Australian Dollar gains ground as China is weighing the suspension of its 125% tariff on certain US imports. Market sentiment was mixed after reports suggested the Trump administration could consider reducing tariffs on Chinese imports. China’s Finance Ministry noted that global economic growth continues to face headwinds, with trade and tariff disputes. The Australian…
The Pound Sterling underperforms its peers as the preliminary UK PMI unexpectedly contracted in April. Trump is confident of closing bilateral deals with various nations soon. Investors await the preliminary US PMI data for April. The Pound Sterling (GBP) weakens against most of its peers on Wednesday after the release of poor preliminary S&P Global/CIPS…
AUD/USD trades around the 0.6400 zone, holding gains despite US Dollar stabilization. Concerns about a China-linked slowdown keep the Aussie under pressure, despite upbeat Q1 Chinese GDP. Resistance emerges near 0.6420; short-term moving averages maintain bullish alignment. The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during…
The Australian Dollar rose as investor sentiment wavered following renewed criticism from President Trump targeting Fed Chair Powell. White House’s Hassett stated that Trump is considering his authority to remove Powell from his position. China continues to stand against Trump’s hardline tariff approach, adding to global market uncertainty. The Australian Dollar (AUD) extends its gains…
Gold hits fresh all-time high as Trump attacks Powell, calling him “a major loser” for delaying rate cuts. DXY plunges to 97.92 as Fed independence is questioned and stagflation risks remain in focus. Traders brace for key Fed speeches this week from Jefferson, Harker, and Kashkari amid growing policy uncertainty. Gold price begins the week…
Gold price edges lower in Friday’s early Asian session, pressured by profit-taking. Mounting uncertainty about tariffs and recession fears could boost the safe-haven flows, supporting the Gold price. Fed’s Daly is set to speak later on Friday. The Gold price (XAU/USD) holds steady on Friday after retreating from an all-time high of $3,358 as investors…
The European Central Bank (ECB) announced on Thursday that it lowered key rates by 25 basis points (bps) following the April policy meeting, as expected. With this decision, the interest rate on the main refinancing operations, the interest rates on the marginal lending facility and the deposit facility stood at 2.4%, 2.65% and 2.25%, respectively….
Mexican Peso gains as China retaliates with 125% tariffs, sending the US Dollar Index below 100 for the first time since 2021. Banxico minutes show unanimous concern over decelerating growth; rate cut likely at next meeting. US data mixed: PPI cools but remains elevated; sentiment slumps and inflation expectations jump. The Mexican Peso ends the…
The Dow Jones Industrial Average (DJIA) skyrocketed on Wednesday, surging over 6% on the day and returning to the 40,000 handle after the Trump administration announced yet another pivot on its own tariff policies. According to US President Donald Trump, all “non-retaliating” countries will see an immediate 90-day suspension on “reciprocal” and 10% tariffs, although…