USD/MXN retreats as US trade policies overshadow economic data. Mexico’s inflation beats forecasts, but Banxico still expected to cut rates on March 27. USMCA four-week exemptions are secured, but tariffs on steel and aluminum remain in place. US … [Continue reading]
Gold price slips beneath $2,910 as US yields rebound
US Nonfarm Payrolls show steady job growth, but Fed remains in no rush to cut rates. Powell reiterates that inflation path will be "bumpy," keeping policy steady for now. PBoC adds 10 tonnes of Gold in early 2025, while Poland’s NBP purchases 29 … [Continue reading]
Fed’s Bowman: Rate decisions will look at jobs, economic activity
Federal Reserve Governor Michelle Bowman, regarded as one of the bank’s most hawkish policymakers, indicated that she might place greater emphasis on labour market indicators when considering future policy decisions. Key Quotes Labor market, … [Continue reading]
USD/CNH: Set to trade sideways between 7.2300 and 7.2600 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.2300 and 7.2600 vs Chinese Yuan (CNH). In the longer run, downward pressure remains intact; should USD break below 7.2260, the next level to watch is 7.2000, UOB Group's FX analysts Quek Ser Leang … [Continue reading]
EUR/JPY Price Forecast: Remains capped below the 100-day EMA near 159.50
EUR/JPY weakens to near 159.40 in Friday’s early European session. The negative view of the cross remains intact, but further consolidation cannot be ruled out. The first downside target to watch is 159.12; the immediate resistance level … [Continue reading]
Crypto AI Tokens: Why FET, NEAR and RNDR could outperform BTC after White House Summit
AI-related cryptocurrencies surged by 3.9% to a $26.8 billion market cap on Thursday, outpacing the broader crypto market average. Top-ranked tokens like Artificial Superintelligence Alliance, NEAR Protocol and Render Network gained significant … [Continue reading]
US President Donald Trump pivots on tariffs again
US President Donald Trump hit markets with yet another structural pivot on his tariff agenda, announcing some temporary exemptions for certain sectors, as well as getting his 25% tariffs against Mexico and Canada muddled up with his separate … [Continue reading]
Gold Price Forecast: XAU/USD extends consolidative phase above $2,900
XAU/USD Current price: $2,916.91 The United States' back and froth on tariffs keeps investors on their toes. The US will release the February Nonfarm Payrolls report on Friday. XAU/USD losing bullish strength, yet sellers remain side-lined. Spot … [Continue reading]
US Dollar undergoes seismic shift with DXY down 3% in worst week since 2022
The US Dollar is facing its worst week in over one year. Traders pull their money out of the Greenback and into domestic currencies. The US Dollar Index faces devastation and devalues over 3% so far this week. The US Dollar Index … [Continue reading]
PBOC Governor Pan: Will cut interest rates and RRR at an appropriate time
People's Bank of China (PBOC) Governor Pan Gongsheng said on Thursday that the central bank “will cut interest rates and Reserve Requirement Ratio (RRR) at an appropriate time.” Additional quotes Will study, establish new structural policy tools for … [Continue reading]