NZD/USD could struggle as the risk-off mood increases amid the US-China trade war. China slapped a 15% tariff on US coal and LNG imports, along with an additional 10% tariff on crude Oil. Trump said on Monday afternoon that talks with China would … [Continue reading]
Australian Dollar maintains position, upside seems limited as China braces for US tariffs
The Australian Dollar could struggle as China is due to be hit with a 10% tariff later in the day. Traders monitor the development surrounding the tariff deal with China. Trump would suspend his tariffs after both countries agreed to send 10,000 … [Continue reading]
Bitcoin and crypto market sees recovery as Mexico and US agree to delay tariffs
Bitcoin reclaimed the $100,000 level after Donald Trump and Mexico's President reached a tariff agreement. Trump confirmed a deal with President Claudia Sheinbaum on pausing US-Mexico tariffs for one month. Ethereum, XRP, Solana, Dogecoin, and other … [Continue reading]
US President Trump: I like the idea of tariffs on most countries
United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects 'rare earth metals' in exchange for obtaining a ceasefire with Russia. … [Continue reading]
ISM Manufacturing PMI forecasts mild uptick in US industrial activity in January
The US ISM Manufacturing PMI is seen improving modestly in January. Markets will also look at the ISM Prices index and the Employment index. EUR/USD remains under pressure around the 1.0400 zone. Excitement is building as the … [Continue reading]
EUR: A clean negative – ING
The growing prospect of a global trade war and tariffs heading towards the EU is a clean euro negative, ING’s FX analysts Chris Turner notes.There is now an upside gap to 1.0350“Those important two-year EUR:USD rate differentials have widened around … [Continue reading]
EUR/USD Price Analysis: Falls toward 1.0200 near 27-month lows
EUR/USD struggles as it is confined within a descending channel pattern. The 14-day RSI drops near the 30 level, indicating persistent selling pressure on the pair. The primary support appears at 1.0177, a 27-month low reached on January 14. The … [Continue reading]
Gold Price Forecast: XAU/USD drifts lower below $2,800 after Trump imposes tariffs
Gold price loses momentum to around $2,795 in Monday’s early Asian session. Trump delivers on the promise of 25% levies on Canada and Mexico, a 10% duty on China. Fed rate-cutting cycle and safe-haven flows might help limit the Gold price’s … [Continue reading]
Ripple’s XRP stirs tension as Canadian firm seeks to beat US issuers to launch spot XRP ETF
XRP ETF could debut in Canada as Purpose Investments submitted a prospectus with Canadian regulators, proposing to launch a spot XRP ETF. Purpose Investments aims to be the first firm to launch an XRP ETF while its US counterparts await … [Continue reading]
Purpose Investments seeks XRP ETF approval ahead of US counterparts
XRP ETF could debut in Canada as Purpose Investments submitted a prospectus with Canadian regulators, proposing to launch a spot XRP ETF. Purpose Investments aims to be the first firm to launch an XRP ETF while its US counterparts await … [Continue reading]