The Dow Jones stuck to 40,000 on Friday after a brief dip on fresh tariff concerns.US data came in soft across the board, with consumer sentiment plummeting and PPI inflation easing.Ongoing trade tensions will continue to weigh on markets as China … [Continue reading]
Canadian Dollar gains further ground as market flows continue to reverse
The Canadian Dollar gained another 0.66% on Friday.Market flows are reversing out of the Greenback, pushing Loonie bids higher.BoC rate call due next week, markets wait to see if BoC will continue to deliver last-minute rate cuts.The Canadian Dollar … [Continue reading]
United States Baker Hughes US Oil Rig Count dipped from previous 489 to 480
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]
US annual PPI inflation softens to 2.7% in March vs. 3.3% expected
Producer inflation in the US softened unexpectedly in March.US Dollar Index stays deep in negative territory below 100.00.The Producer Price Index (PPI) for final demand in the US rose 2.7% on a yearly basis in March, the data published by the US … [Continue reading]
Breaking: China raises additional tariffs on US goods to 125% from 84%
China's Finance Ministry announced on Friday that they will raise additional tariffs on US imports from 84% to 125%, per Reuters, from April 12."If the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore … [Continue reading]
US Commerce Secretary Lutnick: Committed to exploding the economy
US Commerce Secretary Howard Lutnick took to the social media platform X to say that “the Golden Age is coming. We are committed to protecting our interest, engaging in global negotiations and exploding our economy.”Market reactionThe US Dollar Index … [Continue reading]
Gold Price Forecast: XAU/USD rises to record high near $3,200 on US-China tariff war
Gold price gains momentum to a record high around $3,190 in Friday’s early Asian session. An escalation of the US-China trade underpins the Gold price. Pared-back Fed rate cut bets might help limit the XAU/USD’s losses. The Gold price … [Continue reading]
US Dollar falls as tariffs and Fed concerns fuel bearish mood
The US Dollar Index remains under pressure on Thursday, seen around the 101 area after earlier attempts to rebound faded.Fresh tariff hikes and dovish-leaning Fed commentary added to recession and inflation worries, weighing on the … [Continue reading]
Fed’s Schmid: Tariffs have elevated economic uncertainty
Kansas City Federal Reserve President Jeff Schmid said that he would remain “squarely focused” on inflation and cautioned that new US import taxes could drive prices higher and bolster rising public inflation expectations. Schmid’s prepared remarks … [Continue reading]
Gold price enters hotspot region with new all-time high possible
Gold price rockets higher and sprints from sub-$3,000 to $3,132 on Thursday. Equity markets are on fire, rallying higher after Trump announced a 90-day pause on reciprocal tariffs. Gold could hit a fresh all-time high later in the … [Continue reading]