Gold sustains gains, trading at $2,797, as White House clarifies tariff timeline confusion. Revised tariff announcements lead to brief dip in Gold with traders eyeing $2,800 resistance. Despite steady December Core PCE data, geopolitical uncertainty … [Continue reading]
US President Donald Trump: I will impose tariffs on the EU
United States (US) President Donald Trump spoke with reporters late on Friday, further amending statements made by his own White House personnel which were also meant to amend reports that the Trump administration may be kicking the tariff can down … [Continue reading]
White House: Earlier reports are wrong, tariffs are coming February 1
United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House's press podium that President Donald Trump's wide tariffs of 25% on Canada and Mexico, as well as 10% on … [Continue reading]
Pound Sterling edges lower against USD as Trump’s agenda threatens global economic growth
The Pound Sterling ticks lower against the US Dollar above 1.2400 amid fears that Trump's tariffs could threaten the global growth outlook. President Trump’s tariff threats on BRICS and its North American peers have increased USD’s safe-haven … [Continue reading]
FOMC: Powell sounded more dovish at the post-meeting press conference – OCBC
The Committee decided to maintain the target range for the Fed funds rate at 4.25-4.50% at the January meeting; the decision was unanimous, OCBC's FX Frances Cheung and Christopher Wong analysts note. Current monetary policy is 'meaningfully above … [Continue reading]
Japanese Yen drifts lower against USD; bullish bias remains amid hawkish BoJ expectations
The Japanese Yen drifts lower against its American counterpart during the Asian session. BoJ rate hike bets, geopolitical risk, and trade war fears could underpin the safe-haven JPY. Subdued USD price action might contribute to capping USD/JPY ahead … [Continue reading]
Australia Private Sector Credit (YoY): 6.5% (December) vs 6.2%
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Dow Jones Industrial Average makes a late break on Thursday
The Dow Jones Industrial Average rose 300 points late on Thursday. Equities are tepid as markets digest recent developments and mixed earnings. US data split on Thursday, with better unemployment claims but lagging GDP growth. The Dow Jones … [Continue reading]
US Dollar slips after US GDP falls to meet expectations
The US Dollar softer after US GDP turns softer. Markets see the inflation component under GDP release not moving. The US Dollar Index (DXY) remain disp below 108.00 and is looking for direction. The US Dollar Index (DXY), which tracks … [Continue reading]
Pound Sterling ranges against USD ahead of US Q4 GDP, PCE inflation
The Pound Sterling trades sideways against the US Dollar on Thursday as investors focus on the US Q4 GDP data. US President Trump vows to lower inflation himself through liberalization and ramping up Oil production. The BoE is expected to cut … [Continue reading]