Canadian Prime Minister Mark Carney cautioned markets that the Canadian government is both ready and willing to start retaliatory trade actions against US President Donald Trump. The White House is set to kick off a wide array of tariffs across the board that will enact sharp economic pain on all of the US’s foreign trading partners and constituents at…
Gold is trading rather steady around $3,020 after Friday’s decline. US President Trump is said to ease off on tariffs by April 2, according to US officials. Gold is still supported in the $3,000 region, though pressure is building for more downside. Gold’s price (XAU/USD) is looking for direction while orbiting around $3,020 at the…
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The Greenback back in a weekly loss ahead of the US trading session on Friday. Headline risk persists with headlines on the government shutdown and tariff headwinds. The US Dollar Index has been limited by the 104.00 hurdle and looks to be closing off the week in a negative tone. The US Dollar Index (DXY),…
Finally, the Greenback managed to regain some composure and clocked acceptable gains following multi-month lows. The broader scenario, however, remained clouded by intense tariff uncertainty as well as fears of a US recession. Here is what you need to know on Thursday, March 13: The US Dollar Index (DXY) set aside part of the multi-day…
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…
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…
The US Dollar trades flat and unfazed by overnight events. The Trump administration is trying to corner China further with third-party tariffs and semiconductor restrictions. The US Dollar Index (DXY) resides just above important support ahead of more downside. The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six…
The US Dollar kicked off the new trading week slightly on the defensive, managing to rebound from fresh multi-week lows amid tariff concerns, lower yields, and renewed jitters on the health of the US economy. Here is what you need to know on Tuesday, February 25: The US Dollar Index (DXY) dropped to new two-month…
United States Baker Hughes US Oil Rig Count increased to 487 from previous 481 Source link