Mexican Peso depreciates and reverses weekly gains amid mixed US economic reports. US Producer Price Index climbs to highest level since June, fueling discussions on inflation trends. The Fed is expected to cut interest rates by 25 basis points … [Continue reading]
Gold Price Forecast: XAU/USD could extend its corrective slide
XAU/USD Current price: $2,681.86 Dismal United States data fueled speculation the Federal Reserve will trim rates in 2025. The European Central Bank cut benchmark rates by 25 bps each, as expected. XAU/USD turned bearish in the near term after … [Continue reading]
Gold rally halts at one-month highs with US yields rising
The Gold rally halts right below a one-month high at $2,720, but downside attempts are limited. Higher Treasury yields are acting as support for the US Dollar and weighing on the recent Gold rally. XAU/USD broader technical picture remains positive, … [Continue reading]
China’s Commerce Ministry: Open to communication with Trump administration’s economic, trade team
Chinese Commerce Ministry said in a statement on Thursday that “China is open to contact and communication with the Trump administration's economic and trade team.” Commenting on Australian lobster imports, the Ministry said that “China and Australia … [Continue reading]
Gold Price Forecast: XAU/USD buyers take a breather ahead of US PPI inflation data
Gold price turns lower after hitting five-week highs near $2,725 early Thursday. Rising US Treasury bond yields offset Fed rate cut optimism ahead of US PPI, jobs data. Gold price pulls back before the next push … [Continue reading]
Mexican Peso appreciates ahead of US PPI data
Mexican Peso appreciates as US November inflation data meets estimates, favoring Fed’s easing. Mexico’s inflation continues to edge lower, enhancing prospects for a bigger Banxico rate cut. Investors anticipate a 25 bps rate cut by the Federal … [Continue reading]
Bitcoin reclaims $100K following release of US CPI data for November
Bitcoin reclaimed the $100K level as US November's inflation data aligned with expectations. Market participants expect the Fed to cut rates by 25bps due to the steady inflation figures. The general crypto market also saw an uptick of over 4%, … [Continue reading]
EUR/USD Price Forecast: Bears not giving up despite US CPI figures
EUR/USD Current price: 1.0517 The United States Consumer Price Index met expectations in November. The European Central Bank set to announce rate cuts on Thursday. EUR/USD is technically bearish and may fall towards 1.0440. The EUR/USD pair traded … [Continue reading]
CEE: FX remains rather muted in EUR-crosses – ING
After the inflation numbers in Hungary and the Czech Republic, this morning we also saw the numbers in Romania. November inflation rose from 4.7% to 5.1%, slightly above market expectations, ING’s FX analyst Chris Turner notes. The complete … [Continue reading]
USD/INR trades flat amid likely RBI’s intervention
The Indian Rupee holds steady near an all-time low in Wednesday’s early European session. The dovish bets after the government named career bureaucrat Sanjay Malhotra as the new RBI governor might weigh on the INR. Possible intervention by … [Continue reading]