Ethereum price today: $3,310 Ethereum could be set for a positive February as bullish sentiment rises due to its historical positive returns in the month. World Liberty Financial continues its ETH buying spree by swapping 10 million USDT for 2,971 … [Continue reading]
Australian Dollar defends its ground despite tariffs-related cautious market mood
AUD/USD hovers above 0.6200, defending mild bids amid US tariff concerns and weak Chinese data. US PCE data showed no surprises, Fed remains cautious. RBA dovish bets continue to pressure the pair. The Australian Dollar clings to mild gains on … [Continue reading]
US Dollar extends gains as markets asses US Goverment messaging
The US Dollar holds ground above 108.00 as traders await weekend tariff announcements. Trump threatens 100% tariffs on BRICS nations if they challenge the US Dollar in global trade. US PCE inflation data shows steady price pressure, reinforcing the … [Continue reading]
Mexican Peso treads water as Trump tariffs coming on February 1
Mexican Peso erased gains of 0.61% and turns negatively as Trump's threat of 25% tariffs would be enacted. The White House denied Reuters’ report about US delaying tariffs implementation to March 1. Mixed US economic indicators and Fed commentary … [Continue reading]
Gold hovers near all-time highs as tariff confusion sparks market jitters
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]