The US Dollar crushes competition in foreign currencies and trades up across the board. The Trump trade is driving the Greenback higher while a goldilocks scenario comes in play. The US Dollar index slices through a difficult level of … [Continue reading]
NZD/USD edges lower to near 0.5950 amid solid US Dollar, dovish RBNZ
NZD/USD depreciates as the US Dollar receives support from Trump’s potential fiscal policies. The NZD struggles as the Trump administration may impose a 60% tariff on imports from China. Trump’s proposed fiscal policies could lead the Fed to adopt a … [Continue reading]
Silver Price Forecast: XAG/USD depreciates toward $30.50 due to risk-on sentiment
Silver prices face challenges due to a reduced demand for safe-haven assets following Trump’s election victory. The demand for riskier assets improves as markets assess the potential impacts of the proposed Trump policies. The dollar-denominated … [Continue reading]
Gold dips amid firm US Dollar as Trump’s protectionist policies loom
Gold experiences worst week in five months; DXY climbs to 105.57 on Trump trade fears. Treasury market closure limits safe-haven flows; investors brace for Fed rate outlook in December. Fed officials’ remarks, key US inflation data and Retail Sales … [Continue reading]
Gold plummets on stronger Dollar, Trump effect
Gold weakens as a result of a stronger US Dollar and the impact of Trump on Monday. President-elect Donald Trump’s Dollar positive policies and competition from Bitcoin are factors pressuring Gold. Rumors Trump has offered known … [Continue reading]
Pound Sterling wobbles as focus shifts to UK Employment
The Pound Sterling declines against US Dollar as investors await the UK Employment data for the three months ending September. The UK Unemployment Rate is estimated to have increased to 4.1%. The US Dollar will be influenced by the US inflation … [Continue reading]
EUR/USD: Bears can test 1.0665 near term – UOB Group
Price action suggests further Euro (EUR) weakness; the levels to watch are 1.0665 and 1.0600, UOB Group FX analysts Quek Ser Leang and Peter Chia note. Levels to watch are 1.0665 and 1.0600 24-HOUR VIEW: “Yesterday, we held the view that ‘as long as … [Continue reading]
EUR/JPY surges to near 164.50 following BoJ Summary of Opinions
EUR/JPY strengthened as the BoJ's Summary of Opinions highlighted divisions among policymakers over the timing of future interest rate hikes. Japanese Prime Minister Shigeru Ishiba faces a parliamentary leadership vote today, following the loss of … [Continue reading]
Fed’s Kashkari: Economy strong, but inflation not vanquished
Federal Reserve Bank of Minneapolis President Neel Kashkari said the US economy has remained remarkably strong as the Fed progressed in beating back inflation, but the US central bank was still “not all the way home,” per Bloomberg. Key … [Continue reading]
China Consumer Price Index (MoM) below expectations (-0.1%) in October: Actual (-0.3%)
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]