XAU/USD Current price: $2,672.99 The United States Producer Price Index rose by less than anticipated in December. Speculative interest continues to trade on sentiment and Donald Trump’s headlines. XAU/USD ticks higher as the sentiment deteriorates, … [Continue reading]
EUR/USD struggles as US Dollar remains firm with US inflation in focus
EUR/USD faces pressure in extending recovery above 1.0270 as the US Dollar rebounds. President-elect Donald Trump’s policies are expected to boost US inflation and growth. ECB’s Rehn sees monetary policy restrictions concluding by mid-summer. … [Continue reading]
AUD/JPY moves above 97.50 due to strong commodity prices, improved market sentiment
AUD/JPY rises as the Australian Dollar receives support from strong commodity prices. The ASX 200 Index rose by 0.48% to around 8,230 on Tuesday due to improved mining and energy stocks. Traders speculate that the BoJ might postpone raising rates … [Continue reading]
Japan’s Akazawa: BoJ’s rate hike consideration and government’s aim to exit deflation are not contradictory
Japan's Economy Minister Ryosei Akazawa noted on Tuesday that ”the Bank of Japan’s (BoJ) consideration of a rate hike and the government's (govt) aim to exit deflation are not contradictory.” “The BoJ and govt are cooperating well,” he added. … [Continue reading]
Mexican Peso depreciates on overall US Dollar strength on risk-aversion
USD/MXN climbs 0.43% as US employment strength dampens hopes for imminent Fed rate reductions, boosting the Greenback. 10-year US Treasury yield hits a high of 4.801%, adding pressure on emerging market currencies like the Mexican Peso. Economic … [Continue reading]
US Dollar pushes higher as robust data underpins hawkish Fed outlook
Ongoing strength in the US labor market fuels expectations of a more restrictive Federal Reserve policy path in 2025. Investors rotate into the Greenback as elevated Treasury yields attract global capital, driving the US Dollar Index to fresh cycle … [Continue reading]
AUD/USD rises to near 0.6150 despite USD’s solid performance
AUD/USD ticks higher to near 0.6150 as the AUD gains even though RBA dovish bets swell. The Fed is expected to deliver only one interest rate reduction this year. Investors await the US inflation and the Australian employment data for December. The … [Continue reading]
Pound Sterling extends losing spell as soaring UK yields weigh on economic outlook
The Pound Sterling faces a sharp sell-off as rising borrowing costs for the UK government could force the administration to cut public spending. Surprisingly upbeat US NFP data has forced traders to pare dovish Fed bets. Investors await the UK-US … [Continue reading]
EUR/USD tumbles to near 1.0200 on stronger US Dollar
EUR/USD loses traction to near 1.0215 in Monday’s early European session, down 0.30% on the day. The US labor market data boost the USD and act as a headwind for the pair. The ECB's dovish bets contribute to the EUR’s downside. The EUR/USD … [Continue reading]
Gold Price Forecast: XAU/USD loses ground below $2,700 amid firmer US Dollar
Gold price loses ground to around $2,690 in Monday’s early Asian session. The upbeat US job report and surging USD weigh on the Gold price. Trump's policy uncertainty and geopolitical risks might cap the downside for the precious metal. Gold … [Continue reading]