The Minutes of the Fed’s June 17-18 policy meeting will be published on Wednesday.Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors.Markets see virtually no chance of a 25 bps Fed … [Continue reading]
USD/JPY retreats from 147.15 as risk aversion eases ahead of the FOMC Minutes
The US Dollar fails to break above 147.00 and gives away gains as risk aversion fades. Hopes of a trade deal between the US and Japan are providing some support to the Yen. Later today, the US FOMC Minutes will provide additional guidance for the US … [Continue reading]
USD/CHF strengthens above 0.7950 amid confusion over tariff policies
USD/CHF attracts some buyers to near 0.7975 in Wednesday’s early European session. Trump said a 50% tariff on copper imports is coming and threatened levies on pharmaceuticals. The release of the FOMC Minutes will take center stage later on … [Continue reading]
WTI gains ground above $67.00 amid renewed Red Sea attacks
WTI price drifts higher to around $67.15 in Wednesday’s early Asian session. Simmering Red Sea conflict boosts the WTI price. Crude oil stockpiles in the US unexpectedly rose by 7.1 million barrels last week, said API. West Texas … [Continue reading]
Dow Jones Industrial Average churns with Trump’s new tariffs and “firm” deadlines
The Dow Jones churned the charts on Tuesday as investors continue to await clarity.Second verse, same as the first: Trump says new tariff deadline will not be canceled or extended.Additional double-digit tariff levels have been announced by Trump, … [Continue reading]
United States 52-Week Bill Auction: 3.925% vs previous 3.94%
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]
Dow Jones Futures extend losses with trade uncertainty weighing on sentiment
Dow Jones Index Futures point to a slightly negative opening with tariff fears looming.Trump postponed the deadline to August 1 and kept the door open for negotiations, which has eased risk aversion.A cautious market mood is weighing on equities and … [Continue reading]
Japanese Yen hangs near two-week low against USD amid tariff worries
The Japanese Yen remains depressed as trade uncertainties temper BoJ rate hike bets.The JPY bulls fail to gain a respite from the cautious market mood and a weaker USD.The fundamental backdrop warrants caution before placing fresh USD/JPY bullish … [Continue reading]
Gold Price Forecast: XAU/USD declines below $3,350 on hopes for trade deals
Gold price loses momentum to around $3,330 in Tuesday’s Asian session. Trump unveiled new tariff rates, still open to additional trade negotiations. The downside for yellow metal might be limited as central banks worldwide continue to buy … [Continue reading]
EUR/USD slumps as Trump sparks fresh trade-war fears
EUR/USD drops 0.44% to 1.1718, hitting six-day low of 1.1686 before modest rebound.Trump imposes 25%–40% tariffs on South Korea, Japan, Malaysia and others.Reuters: EU exempt from latest tariff wave, aiding EUR/USD recovery.German Industrial … [Continue reading]