The Dow Jones spun a tight circle near 42,300 on Tuesday.Markets largely failed to react to US CPI inflation, which eased slightly in April.Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.The … [Continue reading]
US Dollar faces setback with traders mulling rate cut bets after tepid CPI reading
The Greenback on the backfoot this Tuesday while the US-China trade deal euphoria quickly fades. Traders see April's US CPI release not really showing inflationary signals after Liberation Day.The US Dollar Index slips back to 101.50 after … [Continue reading]
Gold price bounces while trade euphoria quickly fades away
Gold price jumps over 0.5% on Tuesday as the US-China trade deal euphoria quickly fades. Traders become wary as no details are provided on the content of current deals with the UK and China. Traders are picking up some safe haven protection … [Continue reading]
USD/INR gathers strength ahead of US CPI data
Indian Rupee trades in negative territory in Tuesday’s early European session. Optimism from US-China trade talks underpins the US Dollar and drags the INR lower. Traders brace for the Indian and US CPI reports, due later on … [Continue reading]
Australia Westpac Consumer Confidence: 2.2% (May) vs -6%
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]
Australian Dollar under pressure as US-China trade talks shape global sentiment
The US Dollar strengthens as trade talks between the US and China progress.Chinese copper production expands as domestic supply meets demand.The PBoC continues to reduce its Gold purchases amid rising prices.The Fed is expected to hold rates steady … [Continue reading]
Brent Crude Oil surges on US–China agreement and easing recession fears
Brent Crude trades above $65 per barrel, gaining over 2% in Monday’s sessionUS–China 90-day tariff suspension underpins risk-on sentimentMarket focus shifts to Tuesday’s US CPI and inventory data for further directional cuesBrent Crude Oil has … [Continue reading]
Copper jumps on trade optimism – ING
Copper and other industrial metals rose this morning, with easing trade tensions giving metals markets a boost. At a briefing following the talks, US Treasury Secretary Scott Bessent said neither nation wanted their economies to decouple. This marks … [Continue reading]
Forex Today: Gold drops as risk flows dominate markets to start week
Here is what you need to know on Monday, May 19:News of US and China making substantial progress in trade talks this past weekend lifts the risk sentiment on Monday. In the absence of high-tier macroeconomic data releases, investors will scrutinize … [Continue reading]
NZD/USD attracts some buyers above 0.5900 on US-China trade optimism
NZD/USD drifts higher to around 0.5925 in Monday’s Asian session, adding 0.26% on the day. Improved risk sentiment supports the New Zealand Dollar.Fed officials highlighted the economic uncertainty and trade policy risks.The NZD/USD pair gains … [Continue reading]