The Greenback remains stable against most major peers on Wednesday. US President Trump is set to announce reciprocal tariffs on Wednesday. The US Dollar Index trades stable around 104.10, while looking for any sort of driver. The … [Continue reading]
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $987.53 a troy ounce, with the XPD/USD pair advancing from its previous close at $984.75. In the meantime, Platinum … [Continue reading]
Gold Price Forecast: XAU/USD risks a sharp pullback if Trump’s ‘reciprocal tariffs’ disappoint
Gold price finds fresh buyers near $3,110 on US President Trump’s ‘Liberation Day’.Investors prefer to seek safety in the traditional store of value, anticipating Trump’s tariffs. The daily RSI re-enters the heavily overbought zone, warranting … [Continue reading]
USD/CAD extends the decline below 1.4300 ahead of Trump’s tariff announcement
USD/CAD edges lower to near 1.4295 in Tuesday’s late American session. The US ISM Manufacturing PMI declined into contraction territory below 50 in March. Trump is set to implement tariffs on US trading partners on Wednesday. The … [Continue reading]
US Dollar wavers as soft data dims economic outlook
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar … [Continue reading]
Breaking: US JOLTS Job Openings decline to 7.56 million in February vs. 7.63 million forecast
The number of job openings on the last business day of February stood at 7.56 million, the US Bureau of Labor Statistics (BLS) reported in the Job Openings and Labor Turnover Survey (JOLTS) on Tuesday. This reading followed 7.76 million openings … [Continue reading]
NZD/USD: Oversold decline has not stabilised – UOB Group
Oversold decline has not stabilised; New Zealand Dollar (NZD) could drop further, but a sustained break below 0.5640 is unlikely. In the longer run, rapid increase in momentum suggests NZD is likely to continue to head lower; the major support at … [Continue reading]
Gold price extends bullish trend amid rising trade tensions; fresh record high and counting
Gold price continues to scale new record highs for the fourth straight day on Tuesday. Worries about the widening global trade war and geopolitical risks boost the commodity. Fed rate cut bets weigh on the USD and further benefit the … [Continue reading]
RBA poised to hold interest rate steady, markets turn to Bullock for forward guidance
The Reserve Bank of Australia is expected to keep rates on hold in March. RBA Governor Michele Bullock’s comments could trigger some market reactions. The Australian Dollar is weak ahead of the announcement amid ruling risk aversion. The Reserve … [Continue reading]
Fed’s Williams: The economy does not have stagflation right now
Federal Reserve (Fed) Bank of New York President John Williams noted on Monday that while the US economy isn't presenting evidence of "stagflation", a difficult period marked by rising inflation coupled with slumping economic stability, trade … [Continue reading]