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 mull the upcoming Nonfarm Payrolls release for February this Friday. […]
Gold set to close off the week with a gain, just off a fresh all-time high Read More »
The US Dollar is set to end its worst week in over one year. Traders have devalued the Greenback further ahead of the US employment report. The US Dollar Index faces devastation and devalues over 3.5% so far this week.
US Dollar near weekly low ahead of NFP release Read More »
The US Dollar remains stuck on the backfoot and is unable to recover against the major peers. ECB’s Lagarde props up concerns by saying the ECB will need to be vigilent and fast to act under any circumstances. The US
The US Dollar drops further against most major peers for a third day in a row. ADP numbers are coming un substantially softer than expected. The US Dollar Index DXY faces over 2% devaluation so far this week. The US
US Dollar deepens losses after ADP comes in substantially below expectations Read More »
The US Dollar sees another leg lower on Tuesday, adding to the already downbeat day on Monday Traders sell the Greenback after US imposing tariffs and, meanwhile, already facing counterattacks from Canada and China. The US Dollar Index (DXY) does not find immediate
US Dollar undergoes seismic shift with Greenback losing its shine Read More »
Gold does not see a material recovery at the start of the week despite tariffs being set to hit on Tuesday. Federal Reserve rate cut bets remain the second biggest driver for higher Gold prices. The precious metal holds near
Gold unable to recover amid tariffs, talks on Russia-Ukraine Read More »
US President Trump reiterated overnight Mexico and Canada tariffs will go into effect on March 4. US PCE data for January was no surprise for markets. Bullion is not considered a safe haven should a tit-for-tat war take place, although
Gold locks in weekly loss despite bullish calls for $3,000 in the medium term Read More »
The US Dollar flat on Friday after the US PCE reading for January. No surprises in the PCE numbers which were in line of expectations. The US Dollar Index (DXY) consolidates Thursday’s gains above 107.00. The US Dollar Index (DXY),
The US Dollar holds on to its slight recovery with broad gains against Asian currencies. Traders brace for US GDP and weekly Jobless Claims this Thursday. The US Dollar Index (DXY) is unable to pop above 107 for now as five
The US Dollar trades touch softer on the back of overnight events. The Trump administration corners China further with third-party tariffs requested and semiconductor restrictions. The US Dollar Index (DXY) slips just ahead of the US trading session. The US Dollar
