Inflation in Canada, as measured by the change in the Consumer Price Index (CPI), climbed to 2.6% on a yearly basis in February from 1.9% in January, Statistics Canada reported on Tuesday. This reading came in above the market expectation of 2.1%. On a monthly basis, the CPI rose 1.1% after increasing 0.1% in January. The…
The Japanese Yen drifts lower against the USD for the second consecutive day on Wednesday. Concerns about Trump’s trade tariffs and a positive risk tone undermine the safe-haven JPY. The divergent BoJ-Fed policy expectations should limit any meaningful downside for the JPY. The Japanese Yen (JPY) remains on the back foot against the recovering US…
Apple stock sinks 3%, moving below the 200-day moving average for the first time in 10 months. Dow Jones index trades lower after Trump initiates a 25% tariff on Canadian steel, aluminum. Bank of America Securities sees plenty of selling in single stock names. Citi Research has lowered its estimate for 2025 iPhone shipments. …
EUR/USD rises to near 1.0850 as the US Dollar weakens amid accelerating concerns over the US economic outlook. US President Trump’s policies are expected to slow down the US economic growth. ECB’s Centeno expects that Eurozone inflation is almost out of the woods. EUR/USD trades firmly around 1.0850 after recovering early losses in Monday’s European…
Gold price drifts higher to around $2,915 in Monday’s early Asian session. Global uncertainty and Trump’s tariff threats support the Gold price. The weaker US February job reports drag the US Dollar lower. Gold price ( XAU/USD) attracts some buyers to around $2,915 during the early Asian session on Monday. Global uncertainty and the threat…
Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level. Key highlights It is possible that we’ll see more persistent inflation due to policies. I am paying a lot of attention…
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…
US President Donald Trump is addressing a joint session of Congress at the Capitol Building, in Washington DC, on Wednesday. It’s his first Congressional address after returning to power. Key quotes To my fellow citizens, America is back. Our country is on the verge of a comeback the likes of which the world has never…