EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged. Euro ends week modestly higher as soft US data cements rate cut bets, narrowing policy divergence with ECB US economic data continued to drive price action on Friday as Consumer Sentiment in September deteriorated, while inflation expectations remain above the Fed's 2% goal. This, and the payrolls revision...
EUR/USD has fallen to just above 1.1400 on Wednesday, as the US dollar strengthened following headlines that US and Chinese representatives have reached a framework to reduce trade tariffs. The deal must now be approved by US President Donald Trump and Chinese Premier Xi Jinping, and details are scant, leading to a lukewarm market reaction so far. Investors greeted the news with skepticism, as it leaves tariffs in place, albeit at a lower level, and offers little assurance about their sustainability. The currency pair's reaction remained confined to the same range between 1.1375 and 1.1455...
Silver (XAG/USD) prices traded in a tight range around $36.50 during European trading hours on Wednesday (6/11). The white metal consolidated as investors await the US Consumer Price Index (CPI) data for May, due to be released at 12:30 GMT. Economists expect US headline inflation to accelerate to 2.5% annually, compared to 2.3% in April. In the same period, core CPI – which excludes volatile food and energy prices – grew by 2.9%, faster than the previous release of 2.8%. On a monthly basis, headline and core CPI are expected to grow by 0.2% and 0.3%, respectively. The scenario of rising...
The British pound (GBP) is trading lower near 1.3480 against the US Dollar (USD) during European trading hours on Wednesday (6/11). The GBP/USD pair weakened as the US Dollar traded broadly steady ahead of the US Consumer Price Index (CPI) data for May, due to be released at 12:30 GMT. The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, edged up near 99.15. Investors will be watching US inflation data as it will influence market expectations on the Federal Reserve's (Fed) monetary policy outlook. As measured by the CPI, headline inflation is...
Silver prices slipped below $36.50 per ounce on Wednesday, extending losses for a second consecutive session as investors awaited the latest US CPI report. A stronger-than-expected reading could weigh on precious metals by limiting the Federal Reserve's scope for interest rate cuts. Markets also digested the outcome of US–China trade talks in London, where officials agreed on a framework to implement the Geneva consensus and reaffirmed commitments made during a recent call between Presidents Trump and Xi. Despite recent pullbacks, silver continues to find underlying support from robust...
Gold prices rose on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.S. inflation data for further market direction. Spot gold gained 0.5% to $3,337.99 an ounce, as of 0544 GMT. U.S. gold futures rose 0.5% to $3,359.20. U.S. and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths, following two days of negotiations in London, with both sides planning to seek...
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive day and trading higher at around 99.10 during the Asian hours on Wednesday. The US Consumer Price Index (CPI) is expected to rise by 2.5% year-over-year in May. The US Dollar receives support from easing trade tensions between the United States (US) and China. US Commerce Secretary Howard Lutnick suggested, on Tuesday, potential resolutions with China and noted that both countries have reached a framework to implement the Geneva Consensus....
Gold prices rose on Wednesday as uncertainty surrounding the finalisation of a U.S.-China trade agreement weighed on sentiment and fuelled some safe-haven buying, with investors awaiting key U.S. inflation data for further market direction. Spot gold gained 0.5% to $3,339.60 an ounce, as of 0350 GMT. U.S. gold futures rose 0.5% to $3,361.20. U.S. and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths, while offering little sign of a durable resolution to longstanding trade...
Silver price (XAG/USD) holds ground after registering over a 0.50% loss in the previous session, trading around $36.60 per troy ounce during the Asian hours on Wednesday. The price of the grey metal maintains a position near a 13-year high of $36.89, which was reached on Monday. The US Consumer Price Index (CPI) data will be closely watched later in the North American session, with expectations of a 2.5% year-over-year (YoY) rise in May. However, precious metals, including Silver, may face challenges due to dampened safe-haven demand amid easing trade tensions between the United States (US)...
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC)...
Oil extended declines after OPEC+ agreed to a bigger-than-expected production increase next month, raising concerns about oversupply just as US tariffs fan fears about the demand outlook.
Brent...
The Japanese Yen (JPY) weakened against its US counterpart and reversed part of Friday's recovery from the lowest level since July 23 following Bank of Japan (BOJ) Governor Kazuo Ueda's remarks....