Japan's Economy Minister Yoshitaka Shindo said on Thursday that Japanese economy is expected to continue moderate recovery. Shindo further stated that he will closely monitor the risks related to foreign exchange fluctuations that … [Continue reading]
Gold price jumps as inflation cools down, reigniting Fed rate cut hopes
Gold price hits $2,390, its highest level in three weeks, gaining over 1%. US Treasury bond yields plunge, US Dollar Index drops to five-week low. April Retail Sales stagnate, while Fed officials express concerns about restrictive monetary policy. … [Continue reading]
US Dollar dives as inflation decelerated in April
The DXY fell to its lowest level since mid-April on Wednesday. Weak US inflation data and unimpressive Retail Sales increase odds of a Fed interest rate cut in the near term. Markets are still discounting higher odds of the first cut being in … [Continue reading]
Oil sinks while the Greenback retreats on softer CPI print
Oil breaks below $78.00 after both OPEC and IEA released their monthly reports. While OPEC stuck to previous expectations, sluggish demand is forecasted in the IEA release. The US Dollar Index eases ahead of the US CPI print. … [Continue reading]
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $28.77 per troy ounce, up 0.54% from the $28.62 it cost on Tuesday. Silver prices have increased by 12.96% since the beginning of the year. Unit measure Today … [Continue reading]
Indonesia Trade Balance came in at $3.56B, above expectations ($3.3B) in April
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
GBP/USD consolidates its gains above 1.2580, all eyes on US CPI data
GBP/USD takes a breather near 1.2590 in Wednesday’s early Asian session. The US PPI came in line with expectations, rising by 2.2% YoY in April, compared to the 1.8% increase in March. The UK Unemployment … [Continue reading]
Mexican Peso slips as Banxico and Fed policies deviate
Mexican Peso drops down for second day, losing 0.24%. Powell's cautious inflation remarks and potential for ongoing tight policy boost USD, aided by high April PPI. Contrasting Powell, Banxico's Ceja hints at possible rate cuts, contributing to … [Continue reading]
US Dollar steady with Powell smashing odds for a rate hike
The US Dollar consolidates in a very narrow range. The economic calendar picks up with US PPI and Fed speakers. The US Dollar Index retreats and flirts with a break below 105.00 The US Dollar (USD) is retreating after an initial knee jerk reaction … [Continue reading]
Gold finds a floor as geopolitical risk catalyzes demand
Gold finds its feet amid continued geopolitical risk aversion. Demand from investors including central banks due to Gold’s safe-haven qualities remains high. XAU/USD finds support and remains in a short-term uptrend, indicating it could … [Continue reading]