XAU/USD extends gains amid geopolitical tensions despite solid US jobs data US tariffs on Canadian aluminum and steel imports begin on Wednesday, boosting Gold’s safe-haven appeal. Markets await US CPI inflation data on Wednesday and PPI on Thursday … [Continue reading]
Canadian Dollar loses ground for a third straight day as trade war heats up
The Canadian Dollar shed 0.3% against the Greenback on Tuesday. Bank of Canada (BoC) rate call looms large during the midweek session. US President Trump’s trade war against Canada has hit a new gear. The Canadian Dollar roiled on Tuesday, falling … [Continue reading]
USD/JPY surges to near 148.00 as Trump tariffs weigh on Japan’s economic outlook
USD/JPY rises sharply to near 148.00 as Japan is unlikely to avoid tariffs by the US. An expected increase in the US JOLTS Job Openings data for January has offered temporary support to the US Dollar. Both the US headline and core CPI are estimated … [Continue reading]
EUR/USD refreshes four-month high as US Dollar slumps on US slowdown fears
EUR/USD advances above 1.0900 as the US Dollar extends its downside amid growing concerns over the US economic outlook. The Euro gains as German Greens agreed to support defense spending plans. Investors await the US JOLTS Job Openings data for … [Continue reading]
Cardano eyes recovery as it retests key support, funding rate and bullish bets signal optimism
Cardano price recovers slightly on Tuesday after falling nearly 7% the previous day. On-chain data signals a recovery as ADA’s funding rate turns positive, with bullish bets at a monthly high. A daily candlestick close below $0.57 would invalidate … [Continue reading]
Japan’s Akazawa: FX should move stably, reflecting fundamentals
Japan's Economy Minister Ryosei Akazawa said on Tuesday that the Japanese economy is expected to recover moderately, though policymakers remain cautious about external risks.Akazawa emphasized potential headwinds from US trade policies and … [Continue reading]
US Dollar mildly up at the start of the week, markets await directions in CPI figures
DXY stalls around 103.95 as market sentiment remains fragile. Traders eye Wednesday’s US CPI data for fresh market direction. Nasdaq slides 3.3%, dragging broader equities lower. The US Dollar (USD) remains under pressure on Monday, with DXY … [Continue reading]
Cryptocurrencies Price Prediction: Bitcoin, MicroStrategy & Crypto – European Wrap 10 March
Bitcoin (BTC) hovers around $82,000 on Monday after falling nearly 15% last week. This price correction triggered a series of liquidations across the crypto market, totaling $687.73 million in the past 24 hours. A QCP Capital report highlights that … [Continue reading]
Pound Sterling drops as BoE Mann supports swift policy-easing cycle
The Pound Sterling falters as BoE’s Mann argues against the gradual and cautionary monetary policy easing approach. The US Dollar weakens as investors expect Trump's policies could slow down the US growth momentum. Fed’s Powell reiterated the … [Continue reading]
Forex Today: Markets remain focused on tariff headlines as new week begins
Here is what you need to know on Monday, March 10: The US Dollar (USD) Index fell more than 3% last week and registered its largest one-week loss since November 2022. The economic calendar will not feature any high-impact data releases on Monday, … [Continue reading]