XAU/USD Current price: $2,902.98 US President Donald Trump gears up for another round of tariffs. Federal Reserve Chairman Powell's testimony and US inflation coming up next. XAU/USD may correct gains in the near term, but market players … [Continue reading]
USD mixed on latest tariff salvo – Scotiabank
The US Dollar (USD) starts the week a little firmer overall from Friday but well of its best overnight levels. Comments from President Trump over the weekend confirmed that reciprocal tariffs would be announced on steel and aluminum imports in the … [Continue reading]
USD/CAD Price Forecast: Tests 1.4350 resistance near nine-day EMA
USD/CAD tests the primary barrier at the nine-day EMA of 1.4362. The market sentiment remains neutral as the pair consolidates within a rectangular pattern. The psychological level of 1.4300 appears as the initial support. The USD/CAD pair ends its … [Continue reading]
Japanese Yen remains on the back foot; hawkish BoJ expectations help limit losses
The Japanese Yen is pressured by renewed worries about Trump’s trade tariffs. A modest USD strength provides a goodish lift to the USD/JPY pair on Monday. The divergent BoJ-Fed policy expectations should help limit deeper JPY losses. The Japanese … [Continue reading]
AUD/USD faces some selling pressure to near 0.6250 amid trade war threat
AUD/USD weakens to around 0.6245 in Monday’s early Asian session. Trump announced a 25% tariff on steel, aluminum imports. US Nonfarm Payrolls rose by 143,000 in January vs. 170,000 expected. The AUD/USD pair attracts some sellers to … [Continue reading]
Bean there, paying that: The rise of coffee prices
As a devoted coffee addict, I couldn’t help but notice that the price of my favorite espresso—or even a double espresso—has been creeping up over the past year. I've seen the same trend with my monthly coffee bean purchases. So, what’s going on with … [Continue reading]
China Consumer Price Index (MoM) below expectations (0.8%) in January: Actual (0.7%)
The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to … [Continue reading]
China Consumer Price Index (YoY) above expectations (0.4%) in January: Actual (0.5%)
The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to … [Continue reading]
China Producer Price Index (YoY) came in at -2.3% below forecasts (-2.1%) in January
The January payrolls number was weaker than expected at 143k, vs a reading of 175k. However, to counteract the downside surprise in the NFP number, the unemployment rate fell to 4% from 4.1%, and average wage data jumped by 0.5% on the month, to … [Continue reading]
XRP sees gains ahead of Depository Receipts launch, Brad Garlinghouse set to join White House crypto council
XRP saw brief gains above 4% following reports of the launch of XRP Depository Receipts. The receipts function similarly to an ETF, providing investors access to XRP's price without holding the asset. Ripple CEO Brad Garlinghouse is among … [Continue reading]