The United States (US) House of Representatives is poised to begin casting votes on the Republican party's tax and budget bill that is front-loaded with many of President Donald Trump's wishlist items. President Trump has colloquially refered to the … [Continue reading]
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt
UK CPI climbs to 3.6% YoY in April, well above BoE’s 2% inflation target.Core inflation accelerates to 3.8%, raising doubts over future rate cuts.US Dollar tumbles as G-7 stokes speculation of Washington favoring weaker Greenback.The Pound Sterling … [Continue reading]
Gold price thrives on geopolitical tensions and US fiscal woes
Gold price sees safe haven inflow on comments Israel considers striking Iran nuclear facilities. President Trump clashes with Republican members on his fiscal package plan through US Congress. Gold has broken out of its tight range and … [Continue reading]
Australian Dollar rises despite rising odds of further RBA rate cuts, focus on Fedspeak
The Australian Dollar strengthens as the US Dollar weakens amid concerns over the economic outlook and declining business sentiment.Federal Reserve officials highlighted a drop in both business and consumer confidence, partly blaming shifts in US … [Continue reading]
UK CPI expected to rise in April, challenging BoE’s easing path
The United Kingdom’s Office for National Statistics will publish the April CPI data on Wednesday.Inflation, as measured by the CPI, is forecast to be much higher than in March.The GBP/USD pair trades near its 2025 high and aims to advance beyond … [Continue reading]
Gold rallies on US credit downgrade, bulls target $3,300
Gold gains over 1.5% despite firm US yields as markets digest US fiscal downgrade, Fed caution, and global rate cuts.Moody’s downgraded US credit rating from AAA to AA1 last Friday, dampening risk sentiment and boosting Gold demand.Fed officials … [Continue reading]
Gold Price Forecast: XAU/USD aiming for $3,300 amid concerns about the US economy
XAU/USD Current price: $3,280.87Central banks keep citing US President Trump's policies as a source of concern.The US Congress will discuss a bill on tax cuts, which will add to the country’s massive debt.XAU/USD pressures fresh one-week highs, … [Continue reading]
US Dollar turns flat towards US session on Tuesday
The US Dollar Index turns flat after briefly testing the 100.00 mark.Markets are seeing the stable US image dented after Trump says the US might walk away for good from Russia-Ukraine peace talks. The US Dollar Index stable above for now 100.00, … [Continue reading]
Eurozone Current Account n.s.a up to €60.1B in March from previous €33.1B
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]
Japanese Yen recovers modest Asian session losses amid hawkish BoJ expectations
The Japanese Yen reverses a major part of the modest Asian session downtick amid BoJ rate hike bets.Dovish Fed expectations keep the USD bulls on the defensive and benefit the lower-yielding JPY. Receding safe-haven demand caps any further JPY … [Continue reading]