Federal Reserve (Fed) Bank of New York President John Williams spoke at the Bloomberg Invest Forum in New York on Tuesday, highlighting that although inflation pressures have eased and the US labor market appears strong, the Fed will have to … [Continue reading]
US Dollar facing another intraday loss on the back of tariff war developments
The US Dollar sees another leg lower on Tuesday, adding to the already downbeat day on Monday Traders sell the Greenback after US imposing tariffs and, meanwhile, already facing counterattacks from Canada and China. The US Dollar … [Continue reading]
Pound Sterling strengthens against US Dollar as Fed dovish bets swell
The Pound Sterling clings to gains above 1.2700 against the US Dollar as traders have raised Fed dovish bets for the June meeting. US President Trump has imposed 25% tariffs on Canada and Mexico and an additional 10% on China. The BoE is … [Continue reading]
Japanese Yen retreats to the lower end of its daily range against US Dollar
The Japanese Yen attracts some intraday sellers in the wake of weaker domestic data. A modest USD uptick assists the USD/JPY pair to climb back closer to mid-149.00s. BoJ rate hike bets and the risk-off mood should help limit any … [Continue reading]
Canada confirms 25% reciprocal tariffs on US imports from Tuesday if Trump tariffs kick in
A statement released by the Canadian prime minister's office confirmed that Canada will impose retaliatory tariffs on US imports from Tuesday if US tariffs go into effect. Key takeaways Canada will start with 25% tariffs on US imports worth C$30 … [Continue reading]
NZD/USD Price Analysis: Kiwi steadies after a prolonged sell-off but downside risks persist
NZD/USD edged higher, pausing its five-day losing streak, but gains remain limited. After losing the 20-day SMA and reaching its lowest level since mid-February, the pair stabilized as selling pressure eased. Resistance is seen at 0.5680, while … [Continue reading]
AUD/USD Price Forecast: Extra losses on the cards below 0.6200
AUD/USD reversed a multi-day negative streak on Monday. The US Dollar sold off on the back of rising optimism in the risk complex. Investors will closely follow the release of the RBA’s Minutes on Tuesday. On Monday, the US Dollar (USD) met a fresh … [Continue reading]
EUR/USD Price Forecast: Optimism fuels EUR demand
EUR/USD Current price: 1.0463 Eastern European countries offered support to Ukraine amid tensions with the US. The United States ISM Manufacturing PMI is foreseen easing to 50.5 in February. EUR/USD extends intraday gains above 1.0450, higher highs … [Continue reading]
Spain HCOB Manufacturing PMI down to 49.7 in February from previous 50.9
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]
Gold Price Forecast: XAU/USD firms up on geopolitical and tariff uncertainty
Gold price extends the rebound early Monday and re-focuses on the $2,900 level. US Dollar falls as EUR/USD rallies hard on potential Ukraine truce; market mood improves. Gold price recovers but remains below 21-day SMA at $2,895 amid the bullish … [Continue reading]