Gold gains as traders react to President Trump's threat of new reciprocal tariffs, enhancing its safe-haven status. US Nonfarm Payrolls fall short of expectations, yet a declining Unemployment Rate suggests a resilient labor market. PBoC’s increased … [Continue reading]
BlackRock doubles down on Bitcoin with a 5% stake in Strategy
Bitcoin failed to rally as BlackRock increased its stake in Strategy (formerly MicroStrategy), according to a filing with the SEC. The asset manager now holds 11.2 million shares of Strategy's stock, commanding a 5% ownership of the company. … [Continue reading]
Forecasting the upcoming week: Enter Powell and US CPI data
Despite a resurgence of optimism in the latter half of the week, the Greenback was unable to reverse its weekly pullback. Meanwhile, tariff headlines, caution from Fed policymakers, and the upcoming release of US CPI data—along with Powell’s … [Continue reading]
EUR/USD trades with caution as US NFP looms large
EUR/USD drops slightly to near 1.0370 as investors await the US NFP data for January. The Fed is expected to cut interest rates in the June policy meeting. ECB’s Cipollone expects the impact of tariffs on China to be deflationary for the … [Continue reading]
Gold price sticks to modest intraday gains, remains close to record high ahead of US NFP
Gold price regains positive traction following the overnight modest pullback. Trade war fears continue to act as a tailwind for the safe-haven XAU/USD pair. Fed rate cut bets and subdued USD demand further lend support to the bullion. … [Continue reading]
Japanese Yen moves away from near two-month top against USD; downside seems limited
The Japanese Yen retreats after touching a two-month high against the USD on Friday. The narrowing US-Japan rate differential should limit losses for the lower-yielding JPY. Subdued USD price action might cap the USD/JPY pair ahead of the US NFP … [Continue reading]
Gold price drops as traders await Nonfarm Payrolls
Gold drops amid rising US Treasury yields and a stronger US Dollar. US equity downturn and job market worries heighten market jitters ahead of Nonfarm Payrolls. Fed's Goolsbee suggests cautious monetary policy, impacting gold amidst global trade … [Continue reading]
EUR/USD Price Forecast: Attention now shifts to US NFP
EUR/USD set aside two straight daily gains and drops below 1.0400. The US Dollar gathered some steam ahead of key US jobs report. The US Nonfarm Payrolls takes centre stage at the end of the week. EUR/USD came under renewed selling pressure on … [Continue reading]
EUR/GBP rallies to near 0.8380 after BoE’s dovish interest rate decision
EUR/GBP refreshes weekly high near 0.8380 after the BoE reduced its interest rates by 25 bps to 4.5%, as expected. Surprisingly, BoE policymaker Catherine Mann supported a larger-than-usual interest rate reduction of 50 bps. The BoE sees a temporary … [Continue reading]
Spain 30-y Bond Auction: 3.691% vs previous 3.877%
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]