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What you need to know: As markets take a cautious approach in response to US President Donald Trump’s tariff announcements, the US dollar (USD) strengthens on the first trading day of February. Investors will be eagerly monitoring January inflation statistics from the Euro region later in the European session. ISM Manufacturing PMI data for January […]
NZD/USD Drops to 0.5545 in the Early Asian Session Monday’s Asian trading hours will see some selling pressure on the NZD/USD pair, pushing it to about 0.5545. Following US President Donald Trump’s announcement of tariffs and China’s Caixin Manufacturing PMI coming in lower than anticipated in January, the New Zealand Dollar (NZD) depreciates as trade […]
As market investors become more cautious following the White House’s correction of earlier Reuters reports that the United States (US) will not impose tariffs on Canada and Mexico on February 1 but would instead do so on March 1, the price of gold trades close to all-time highs around $2,800 on Friday. XAU/USD is up […]
The global currency markets are bracing for possible changes as the deadline for US tariff increases on Canada and Mexico approaches. According to FX options signals, the Canadian dollar is expected to be damaged the most. President Donald Trump has set Saturday as the deadline for placing 25% tariffs on imports from Mexico and Canada. […]
The Australian Dollar (AUD) will try to put an end to its four-day losing streak against the US Dollar (USD) on Friday. However, the AUD/USD pair declined because of risk-off sentiment after renewed tariff threats by US President Donald Trump against China. Investors await more clarity from Trump’s tariff policies. President Trump again repeated his […]
AUD/JPY ends two days of losses, trading around 96.00 during Asian hours on Friday. However, the AUD/JPY cross’s upward potential may be limited as the Australian Dollar (AUD) struggles amid the increased possibility of a rate cut by the Reserve Bank of Australia (RBA) in February. The ASX 30-Day Interbank Cash Rate Futures February 2025 […]
Following a cautious start to the week, Gold (XAU/USD) reversed course and gained about 3% weekly, reaching its highest level since October 31 in the $2,780 range on Friday. As the market focuses on next week’s big central bank events, Gold’s technical outlook remains optimistic, albeit with symptoms of overbought circumstances. Gold gains bullish momentum, […]
A federal judge postponed a Trump administration order that would have halted the issuance of existing federal grants and loans until agencies reviewed them. Judge Loren AliKhan’s decision Tuesday at a Zoom hearing came only minutes before the freezing order was scheduled to take effect at 5 p.m. ET. There could be trillions of dollars […]
Silver (XAG/USD) attracted purchasing for the second day in a row on Wednesday, trading near the upper end of its weekly range, in the mid-$30.00s during the first half of the European session, up more than 0.40% for the day. Meanwhile, technical indications on the daily chart have resumed their upward trend, bolstering the possibilities […]
The global economy has been rocked by rising trade tensions, with the United States at the core of the Trump administration’s tariff-driven policies. Tariffs intended to defend domestic businesses and reduce trade imbalances have provoked heated discussion about their long-term implications. The Roots of the Trade War The United States-China trade war began in 2018, […]
