USD/JPY falls to 152.02, erasing February 12 gains as sellers take control. Bearish RSI signals further downside; key support at 150.93 and 148.64. A recovery above 152.73 could open the door to 153.22 and 154.00. The USD/JPY extended its losses, … [Continue reading]
Gold price plummets below $2,900 amid profit-taking, weak US Retail Sales
Gold set to end the week up 0.80% despite Friday’s drop. US Retail Sales plunge, fueling US Dollar weakness and lower Treasury yields. Investors price in over one Fed rate cut, boosting bullion’s longer-term appeal. Gold price has fallen below … [Continue reading]
GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD
US Retail Sales plunge 0.9% in January, missing forecasts. UK GDP surprises to the upside, boosting Pound momentum. GBP/USD eyes 100-day SMA at 1.2694 despite Fed-BoE policy divergence. The Pound Sterling rallied for the second consecutive day on … [Continue reading]
USD/JPY: Still watching out for reciprocal tariff – OCBC
USD/JPY fell sharply as reciprocal tariff delay led to a turnaround in UST yields. The pair was last seen at 152.60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note. Consolidation likely in the interim"USD/JPY fell, last at 152.60 … [Continue reading]
US Dollar Index holds position above 107.00 ahead of Retail Sales figures
The US Dollar Index depreciated following Trump's decision to delay the implementation of reciprocal tariffs. US Retail Sales are forecasted to contract by 0.1% MoM in January, following a previous increase of 0.4%. The Greenback may gain ground US … [Continue reading]
Gold Price resumes rally as concerns grow over Trump’s tariff plans
Gold price edges higher in Friday’s Asian session. Trade war fears and lower US bond yields support the precious metal. Investors brace for the US January Retail Sales data, which is due later on Friday. Gold price (XAU/USD) … [Continue reading]
GBP/USD gains ground as risk appetite takes a step up
GBP/USD rose nearly a full percent on Thursday. UK GDP came in firmer than expected, and US PPI figures firmed post-revision. US Retail Sales still in the pipe for Friday, but tariff threats have again eased. GBP/USD rallied on Thursday, climbing … [Continue reading]
Dow Jones Industrial Average cautiously higher post-PPI inflation print
The Dow Jones lifted slightly on Thursday, testing near 44,500. Equities are cautiously optimistic after PPI numbers softened inflation blow. Markets await the latest iteration of US President Donald Trump’s tariff threats. The Dow Jones Industrial … [Continue reading]
EUR/USD gives up some gains as Trump is poised to unveil reciprocal tariffs plan
EUR/USD retreats from the intraday high of 1.0440 as investors brace for high uncertainty as US Trump is poised to impose reciprocal tariffs. The Federal Reserve is expected to keep interest rates steady for longer. ECB Vujčić is … [Continue reading]
WTI falls to near $70.50 as supply concerns ease following Trump-Putin discussion
WTI price depreciates following discussions between Trump and Putin to initiate negotiations aimed at ending the Ukraine war. The dollar-denominated Oil faces challenges as rising US inflation reinforces odds that the Fed will maintain its hawkish … [Continue reading]