Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, … [Continue reading]
Mexican Peso slides on recession jitters following Q4 GDP slump
Mexico’s Q4 GDP contracts for the first time since 2021. Banxico slashes 2025 growth outlook to 0.6%, well below Finance Ministry projections. US data mixed: Manufacturing PMI improves but Services PMI falls into contraction. The Mexican Peso (MXN) … [Continue reading]
Silver Price Forecast: XAG/USD slips 1.20% as bullish momentum fades below $33.00
Silver retreats to $32.54 after failing to hold above key $33.00 level. RSI signals mixed momentum, with downside risks if $32.00 support breaks. Next resistance at $33.20, while key support lies at 100-day SMA near $31.12. Silver's price retreats … [Continue reading]
AUD/JPY Price Analysis: Bears deepen losses as pair hits multi-week lows
AUD/JPY extends its decline, falling sharply and breaking below the 20-day SMA. RSI remains in negative territory, reflecting intensifying bearish momentum. MACD histogram prints rising red bars, signaling increasing downside pressure. The AUD/JPY … [Continue reading]
Ethereum Price Forecast: ETH dips as Bybit suffers $1.4 billion hack
Ethereum price today: $2,640 Ethereum suffered a major pullback at $2,850 following Bybit's hack involving $1.44 billion worth of stolen ETH. Bybit CEO said the exchange has already secured bridge loans to match increased withdrawals following … [Continue reading]
Australian Dollar faces pressure after US PMI
Aussie stalls near 0.6400 despite earlier gains. Post-PMI sentiment dims risk appetite and benefits the USD. RBA’s measured stance limits deeper easing bets and might limit the downside. The AUD/USD pair faces offers pressure near 0.6400 after the … [Continue reading]
United States CFTC Oil NC Net Positions down to 197.6K from previous 220K
We delve into the world of money market funds. Distinct dynamics are at play in the US, eurozone, and UK. In the US, repo rates are more attractive, and bills are expected to appreciate. It's also worth noting that the Fed might cut rates more than … [Continue reading]
US Dollar gains modestly despite PMI data disappointing
The US Dollar Index holds above 106.50 following weak US PMI data. US service sector contracts unexpectedly in February, weighing on sentiment. Consumer sentiment drops, while inflation expectations rise, adding pressure to USD. The US Dollar Index … [Continue reading]
AUD/USD faces pressure around 0.6400 ahead of flash US PMI
AUD/USD faces offers near 0.6400 ahead of the preliminary US S&P Global PMI data for February. Investors see Trump’s tariff agenda as less fearful than anticipations. RBA’s Bullock support for maintaining a cautious interest rate cut stance. The … [Continue reading]
EUR: Major German parties pledge to keep the far right out of any coalition – ING
The euro has benefited from the unwinding of US Dollar (USD) longs, but remains generally unattractive in the crosses, ING’s FX analysts Francesco Pesole notes. EUR/USD to trade with a downside bias "The big event for the euro is obviously Sunday’s … [Continue reading]