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]
Australian Dollar holds ground as US Dollar remains subdued amid improved risk sentiment
The Australian Dollar holds steady after the release of key domestic economic data. Australia’s trade surplus increased to 5,620M in January, exceeding the forecast of 5,500M and improving from the previous 4,924M. The US Dollar remains … [Continue reading]
USD/CAD weakens below 1.4350 as Trump delays Canada tariffs on autos
USD/CAD trades in negative territory near 1.4335 in Wednesday’s late American session. The White House said Trump will delay Canada, Mexico tariffs on autos for one month. Private employers added just 77,000 jobs in February, weaker than … [Continue reading]
US Dollar extends losing streak as weak labor data fuels selloff
DXY drops over 2.5% this week as selling pressure intensifies. ADP employment data misses expectations, showing hiring slowdown. ISM Services PMI beats forecasts, signaling economic resilience. Technical indicators suggest further downside as key … [Continue reading]
EUR/USD strengthens on soft US ADP Employment, German debt reforms
EUR/USD posts a fresh year-to-date high above 1.0700 as the US Dollar weakens amid uncertainty over US growth prospects. US President Trump reiterates that reciprocal tariffs to take effect on April 2. The ECB is expected to reduce interest … [Continue reading]
China NPC: Work report delivers on key market expectations – UOB Group
The third annual session of the 14th National People's Congress (NPC) is held in Beijing on 5-11 Mar. The key economic targets announced by Premier Li Qiang at the opening of the NPC were largely in line with expectations as China emphasizes high … [Continue reading]
BoJ’s Uchida: Don’t have a preset idea in mind on the pace of future rate hikes
Bank of Japan (BoJ) Deputy Governor Shinichi Uchida said on Wednesday, I “don't have a preset idea in mind on the pace of future rate hikes.” Further comments Don't have a preset idea in mind on the pace of future rate hikes. It is not as if we will … [Continue reading]
Breaking: Australian Gross Domestic Product rises 0.6% QoQ in Q4 vs. 0.5% expected
Australia’s Gross Domestic Product (GDP) grew 0.6% QoQ in the fourth quarter (Q4) of 2024 compared with the 0.3% growth in the third quarter, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in above … [Continue reading]