The US Dollar trades stronger amidst geopolitical concerns. The US Dollar appreciates despite a drop in US yields and the Fed’s commitment to cut rates. The US Dollar Index tries to break out of its lower March range. The US Dollar … [Continue reading]
Gold price sticks to negative bias; seems poised to register gains for the third straight week
Gold price attracts some sellers as a modest USD strength prompts some profit-taking. Fed rate cut bets should cap the US recovery and support the non-yielding yellow metal. Trade jitter and rising geopolitical tensions could further limit … [Continue reading]
Japanese Yen sticks to modest intraday losses against mildly stronger US Dollar
The Japanese Yen attracts some sellers following the release of Japan’s National CPI print. A modest USD uptick further lends support to USD/JPY and lifts it above the 149.00 mark. The divergent BoJ-Fed policy expectations should cap any meaningful … [Continue reading]
Gold price struggles to rally after Fed call, geopolitical risks linger
Gold drops 0.19% as the US Dollar strengthens; market assesses Powell's neutral outlook and economic updates. Fed predicts two rate cuts in 2025, revises growth down, and expects higher inflation and unemployment. Middle East tensions rise with … [Continue reading]
BoC’s Macklem: ‘Part’ of the CPI release was expected
Bank of Canada (BoC) Governor Tiff Macklem is squeezing his money's worth out of his appearance at the Calgary Economic Development meeting in Calgary, delivering further soundbites about the BoC's stance in regards to inflation and tariffs to … [Continue reading]
EUR/USD weakens as Fed sees no rush for interest rate cuts
EUR/USD falls to near 1.0830 as ECB Lagarde expects US President Trump-led trade war could slowdown the Eurozone economic growth. The Fed kept borrowing rates steady and stuck to their two interest rate cut in 2025 forecasts on Wednesday. The Fed … [Continue reading]
Crypto mornings: First sitting US President Trump addresses crypto summit, banks get crypto clearance
Donald Trump, first sitting US President in history to speak at a crypto summit, addresses the Blockworks Digital Asset Summit 2025 on Thursday. US banks receive clearance to engage in crypto-asset-related activities like custody and providing US … [Continue reading]
EUR/USD remains subdued around 1.0900 ahead of ECB’s Lagarde speech
EUR/USD continues to decline ahead of ECB President Christine Lagarde’s speech at the European Parliament in Brussels. The US Dollar struggled as US yields weakened, following Fed’s reaffirmation of its outlook for two rate cuts in 2025. Germany’s … [Continue reading]
Australia Part-Time Employment dipped from previous -10.1K to -17K in February
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]
Forex Today: The UK docket takes centre stage with the BoE and jobs report
The Greenback managed to regain some balance and set aside three consecutive daily pullbacks after the Fed maintained its interest rates at its meeting, as widely anticipated. Here is what you need to know on Thursday, March 20: The US Dollar Index … [Continue reading]