Mexican Peso slumps 0.94% as risk sentiment turns bearish on trade fears. US President Trump targets autos, pharma and computer chips with 25% tariffs. US Dollar Index hits four-day high as Fed signals caution on rate cuts. Banxico-Fed policy … [Continue reading]
Fed Minutes to reinforce cautious approach to rate cuts this year
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps … [Continue reading]
EUR/USD Price Forecast: Sellers willing to pressure the 1.0400 mark
EUR/USD Current price: 1.0425 The Federal Open Market Committee will publish the Minutes of the January meeting. Geopolitical uncertainty surrounding the Russia-Ukraine war undermines the mood. The EUR/USD pair retains the soft tone, near-term risk … [Continue reading]
ECB’s Panetta: Signs of weakness in Eurozone economy are more persistent than anticipated
European Central Bank (ECB) policymaker Fabio Panetta said on Wednesday, “signs of weakness in Eurozone economy are more persistent than anticipated.” Further comments We expected a recovery driven by consumer spending. However, that did not … [Continue reading]
Gold Price Forecast: XAU/USD bides time before the next push higher
Gold price consolidates below record highs of $2,943, awaits Fed Minutes. Trump’s tariff threats return and power safe-havens - Gold price and the US Dollar. Gold price stays bullish on the daily time frame, with fresh record highs in sight. … [Continue reading]
RBNZ expected to cut interest rate by 50 bps in February as inflation eases and economic weakness persists
The Reserve Bank of New Zealand is expected to cut its key interest rate by 50 bps to 3.75% on Wednesday. The RBNZ’s updated forecasts and Governor Orr’s words are likely to offer clues on the policy outlook. The New Zealand Dollar is set to rock on … [Continue reading]
Canadian Dollar holds steady after CPI inflation uptick
The Canadian Dollar covered little ground on Tuesday, holding flat against the Greenback. Canadian CPI inflation rose in January, with core CPI metrics climbing more than expected. The Loonie remains hampered near key technical levels as bullish … [Continue reading]
Canadian inflation surprised to the upside in January
Canada’s inflation rate advanced slightly in January, according to the latest data from Statistics Canada. The Consumer Price Index (CPI)—which measures the cost of everyday goods and services—rose by 1.9% over the last twelve months, up from … [Continue reading]
USD/JPY: Can edge below 151.00 – UOB Group
US Dollar (USD) could edge below 151.00 vs Japanese Yen (JPY), but it remains to be seen if it can maintain a foothold below this level. In the longer run, there has been a tentative buildup in downward momentum; USD must break and remain below … [Continue reading]
Silver Price Forecast: XAG/USD bulls await sustained move beyond $32.55 barrier
Silver attracts some dip-buyers on Tuesday, though it lacks follow-through. The technical setup favors bulls and supports prospects for further gains. Any corrective slide below $32.00 could be seen as a buying opportunity. Silver (XAG/USD) reverses … [Continue reading]