EUR/USD drops slightly to near 1.0370 as investors await the US NFP data for January. The Fed is expected to cut interest rates in the June policy meeting. ECB’s Cipollone expects the impact of tariffs on China to be deflationary for the … [Continue reading]
Gold price sticks to modest intraday gains, remains close to record high ahead of US NFP
Gold price regains positive traction following the overnight modest pullback. Trade war fears continue to act as a tailwind for the safe-haven XAU/USD pair. Fed rate cut bets and subdued USD demand further lend support to the bullion. … [Continue reading]
Japanese Yen moves away from near two-month top against USD; downside seems limited
The Japanese Yen retreats after touching a two-month high against the USD on Friday. The narrowing US-Japan rate differential should limit losses for the lower-yielding JPY. Subdued USD price action might cap the USD/JPY pair ahead of the US NFP … [Continue reading]
Gold price drops as traders await Nonfarm Payrolls
Gold drops amid rising US Treasury yields and a stronger US Dollar. US equity downturn and job market worries heighten market jitters ahead of Nonfarm Payrolls. Fed's Goolsbee suggests cautious monetary policy, impacting gold amidst global trade … [Continue reading]
EUR/USD Price Forecast: Attention now shifts to US NFP
EUR/USD set aside two straight daily gains and drops below 1.0400. The US Dollar gathered some steam ahead of key US jobs report. The US Nonfarm Payrolls takes centre stage at the end of the week. EUR/USD came under renewed selling pressure on … [Continue reading]
EUR/GBP rallies to near 0.8380 after BoE’s dovish interest rate decision
EUR/GBP refreshes weekly high near 0.8380 after the BoE reduced its interest rates by 25 bps to 4.5%, as expected. Surprisingly, BoE policymaker Catherine Mann supported a larger-than-usual interest rate reduction of 50 bps. The BoE sees a temporary … [Continue reading]
Spain 30-y Bond Auction: 3.691% vs previous 3.877%
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]
BoJ’s Tamura: Not saying that the neutral rate should be 1%
Bank of Japan (BoJ) board member Naoki Tamura is back on the wires, via Reuters, clarifying his earlier remarks on the central bank’s interest rate. Key quotes Not saying that neutral rate should be 1%. Difficult to specify terminal rate at this … [Continue reading]
Australia’s Trade Surplus decreases to 5,085M MoM in December vs. 7,000M expected
Australia’s trade surplus decreased to 5,085M MoM in December versus 7,000M expected and 6,792M (revised from 7,079M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics … [Continue reading]
Fed’s Goolsbee: Can’t ignore threats to supply chains like tariffs
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted on Wednesday that it is difficult for central banks to generally estimate the fallout of things like tariffs, and could complicate the Fed's ability to accomplish its task of … [Continue reading]