Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions. Key Quotes Labor market, … [Continue reading]
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.2300 and 7.2600 vs Chinese Yuan (CNH). In the longer run, downward pressure remains intact; should USD break below 7.2260, the next level to watch is 7.2000, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
EUR/JPY weakens to near 159.40 in Friday’s early European session. The negative view of the cross remains intact, but further consolidation cannot be ruled out. The first downside target to watch is 159.12; the immediate resistance level … [Continue reading]
Crypto AI Tokens: Why FET, NEAR and RNDR could outperform BTC after White House Summit
AI-related cryptocurrencies surged by 3.9% to a $26.8 billion market cap on Thursday, outpacing the broader crypto market average. Top-ranked tokens like Artificial Superintelligence Alliance, NEAR Protocol and Render Network gained significant … [Continue reading]
US President Donald Trump pivots on tariffs again
US President Donald Trump hit markets with yet another structural pivot on his tariff agenda, announcing some temporary exemptions for certain sectors, as well as getting his 25% tariffs against Mexico and Canada muddled up with his separate … [Continue reading]
Gold Price Forecast: XAU/USD extends consolidative phase above $2,900
XAU/USD Current price: $2,916.91 The United States' back and froth on tariffs keeps investors on their toes. The US will release the February Nonfarm Payrolls report on Friday. XAU/USD losing bullish strength, yet sellers remain side-lined. Spot … [Continue reading]
US Dollar undergoes seismic shift with DXY down 3% in worst week since 2022
The US Dollar is facing its worst week in over one year. Traders pull their money out of the Greenback and into domestic currencies. The US Dollar Index faces devastation and devalues over 3% so far this week. The US Dollar Index … [Continue reading]
PBOC Governor Pan: Will cut interest rates and RRR at an appropriate time
People's Bank of China (PBOC) Governor Pan Gongsheng said on Thursday that the central bank “will cut interest rates and Reserve Requirement Ratio (RRR) at an appropriate time.” Additional quotes Will study, establish new structural policy tools for … [Continue reading]
Australian Dollar holds ground as US Dollar remains subdued amid improved risk sentiment
The Australian Dollar holds steady after the release of key domestic economic data. Australia’s trade surplus increased to 5,620M in January, exceeding the forecast of 5,500M and improving from the previous 4,924M. The US Dollar remains … [Continue reading]
USD/CAD weakens below 1.4350 as Trump delays Canada tariffs on autos
USD/CAD trades in negative territory near 1.4335 in Wednesday’s late American session. The White House said Trump will delay Canada, Mexico tariffs on autos for one month. Private employers added just 77,000 jobs in February, weaker than … [Continue reading]