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Sunset Market Commentary – ActionForex
Markets The US Supreme Court (SCOTUS) injected a fresh dose of uncertainty by striking down president Trump’s signature IEEPA tariffs end last week. Trump responded by introducing a flat 15% global rate (using a different legal base) that keeps the average tariff rate +/- the same. This Section 122 (balance of payment emergency) levy comes…
Yen eyes US payrolls, Japan household spending jumps – MarketPulse
The Japanese yen is in negative territory on Friday. This follows a two-day rally which saw the yen jump 1.9% and hit a three-month high. In the European session, USD/JPY is trading at 151.94, up 0.39% on the day. On the data front, Japan’s household spending was much stronger than expected and the US releases…
Are metals overdue for a rally? – Silver (XAG/USD) & Gold (XAU/USD) Outlook
Silver and Gold are hesitant, but forming a basis for a longer-term restart of their bull-trends After failing to extend lower, sellers are now exhausting their capacities, but breakouts will be required Intraday timeframe analysis for XAG/USD and XAU/USD Metals have been trading in confusion since the beginning of the war, with particular inflation and…
Dollar riding return of ‘Trump Trade,’ but gains will likely be fleeting: UBS By Investing.com
Investing.com — The dollar has enjoyed a boost from the return of the “Trump trade” as Republican presidential candidate Donald Trump’s chances of returning to the White House appear to be on the up, but UBS believes stronger rallies should be sold as Trump isn’t an outright positive for the greenback. “We continue to expect…
Will Gold Sell the Fed News? – Action Forex
Gold holds steady near its all-time high as data favors a rate cut. Another bounce likely but caution warranted as overbought signals emerge. Gold started the week with quiet sideways action, hovering just below its all-time high of 3,674, reached last Tuesday. U.S. CPI inflation figures held steady at elevated levels last week, in line…
Dollar gains as Powell pushes back on jumbo rate-cut bets By Reuters
By Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) -The dollar rose broadly on Tuesday after Federal Reserve Chair Jerome Powell pushed back against bets on more supersized interest rate cuts. The yen steadied close to the middle of its range against the dollar over the past month, after a volatile two days as traders sized…
