Mexican Peso slips amid rising bets on Banxico rate cut and global uncertainty. Mexico’s economic data disappoints with private spending plunging and activity estimates pointing to contraction in February. Banxico expected to cut rates by 50 bps on … [Continue reading]
Silver Price Forecast: XAG/USD crashes toward $33.00, suffers worst daily loss since February
Silver plunges 1.6% as US Dollar and yields surge late Friday. XAG/USD hits weekly low of $32.66, pressured by a resurgent Greenback and elevated US Treasury yields. Sellers fail to breach $32.50 support, keeping downside capped for now, with key … [Continue reading]
US Dollar Weekly Forecast: Walking the tightrope amid tariffs and Fed policy
The US Dollar Index receded to five-month troughs.Trump's chaotic trade policy remains in centre stage.The Fed is unlikely to change its plans next week.The US Dollar (USD) staged a partial comeback from its steep March retracement, climbing back … [Continue reading]
US Dollar edges higher as markets brace for geopolitical, tariff uncertainty
The US Dollar trades stronger amidst geopolitical concerns. The US Dollar appreciates despite a drop in US yields and the Fed’s commitment to cut rates. The US Dollar Index tries to break out of its lower March range. The US Dollar … [Continue reading]
Gold price sticks to negative bias; seems poised to register gains for the third straight week
Gold price attracts some sellers as a modest USD strength prompts some profit-taking. Fed rate cut bets should cap the US recovery and support the non-yielding yellow metal. Trade jitter and rising geopolitical tensions could further limit … [Continue reading]
Japanese Yen sticks to modest intraday losses against mildly stronger US Dollar
The Japanese Yen attracts some sellers following the release of Japan’s National CPI print. A modest USD uptick further lends support to USD/JPY and lifts it above the 149.00 mark. The divergent BoJ-Fed policy expectations should cap any meaningful … [Continue reading]
Gold price struggles to rally after Fed call, geopolitical risks linger
Gold drops 0.19% as the US Dollar strengthens; market assesses Powell's neutral outlook and economic updates. Fed predicts two rate cuts in 2025, revises growth down, and expects higher inflation and unemployment. Middle East tensions rise with … [Continue reading]
BoC’s Macklem: ‘Part’ of the CPI release was expected
Bank of Canada (BoC) Governor Tiff Macklem is squeezing his money's worth out of his appearance at the Calgary Economic Development meeting in Calgary, delivering further soundbites about the BoC's stance in regards to inflation and tariffs to … [Continue reading]
EUR/USD weakens as Fed sees no rush for interest rate cuts
EUR/USD falls to near 1.0830 as ECB Lagarde expects US President Trump-led trade war could slowdown the Eurozone economic growth. The Fed kept borrowing rates steady and stuck to their two interest rate cut in 2025 forecasts on Wednesday. The Fed … [Continue reading]
Crypto mornings: First sitting US President Trump addresses crypto summit, banks get crypto clearance
Donald Trump, first sitting US President in history to speak at a crypto summit, addresses the Blockworks Digital Asset Summit 2025 on Thursday. US banks receive clearance to engage in crypto-asset-related activities like custody and providing US … [Continue reading]