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...
USD/CHF retreats after posting more than 2% gains in the previous session, trading around 0.8430 during Asian hours on Tuesday (5/13). The decline came as the US Dollar (USD) weakened, possibly due to a technical correction. The US Dollar Index (DXY), which tracks the Greenback against a basket of six major currencies, was trading lower near 101.50 at the time of writing. Investors now shift their focus to the upcoming US Consumer Price Index (CPI) report for April, due later today. Analysts expect the headline CPI to recover to 0.3% month-on-month from -0.1%, while the core CPI is also...
The GBP/USD pair rose near 1.3195 during the early European session on Tuesday (5/13). The pound sterling (GBP) moved higher against the greenback on positive developments surrounding the US-UK trade deal last week. The UK jobs report and US inflation will be in focus on Tuesday. US President Donald Trump said last week that he would continue to impose new 10% tariffs on imports of most UK goods but would reduce higher tariffs on British autos, steel and aluminium imports. Positive developments surrounding the US-UK trade deal lifted the cable. Further, the BOE's gradual and cautious...
EUR/USD opened with a bullish gap on Tuesday (5/13) during the Asian session, trading near the 1.1110 level after losing more than 2.5% in the previous session. The currency pair faced challenges as the US Dollar (USD) strengthened on the back of progress in the United States (US)-China trade negotiations. Over the weekend, the United States and China reached a preliminary deal in Switzerland aimed at significantly reducing tariffs, signaling a potential de-escalation in trade tensions. Under the deal, the US will lower tariffs on Chinese goods from 145% to 30%, while China will cut tariffs...
USD/JPY weakened after posting a more than 2% gain in the previous session, trading around 147.90 during Asian trading hours on Tuesday (5/13). The currency pair depreciated as the Japanese Yen (JPY) strengthened despite lingering uncertainty over the Bank of Japan (BOJ) interest rate outlook. BOJ Vice Governor Shinichi Uchida acknowledged both upside and downside risks stemming from potential US tariffs, noting that such measures could weigh on the Japanese economy. He added that Japan's economic growth is expected to slow to its potential level before gradually recovering, assuming...
Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for safe-haven assets. Bullion traded near $3,237 an ounce — after falling 2.7% on Monday — with investors betting on a recovery in stocks and riskier assets. The world's largest economies agreed to a temporary tariff rollback, with the US cutting duties on Chinese goods to 30% from 145% for a 90-day period, while Beijing lowered its levy on most goods to 10%. The US dollar rose the most since a post-election rally in November, while Treasury yields rose — both acting as a drag on gold....
Silver trades sideways in $32.00–$33.00 range as trade optimism offsets Dollar strengthUS-China tariff de-escalation lifts sentiment but pressures safe-haven demand for Silver.Silver price ended Monday's session with losses of over 0.40% as upbeat news from last weekend's meetings between US and Chinese delegations delivered an agreement to reduce tariffs for 90 days, marking the beginning of negotiations. The XAG/USD trades at $32.56, unchanged as Tuesday's Asian session begins.Silver price has consolidated within the $32.00-$33.00 range over the last five trading days, amid a lack of...
Oil prices rose about 1.5% to settle at a two-week high on Monday, after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world's two biggest economies. Brent crude futures rose $1.05, or 1.6%, to settle at $64.96 a barrel. U.S. West Texas Intermediate (WTI) crude gained 93 cents, or 1.5%, to settle at $61.95. Both benchmarks notched their highest settlements since April 28. The U.S. and China tapped the brakes on tariffs, sending Wall Street stocks, the U.S. dollar and crude prices sharply higher on hopes the world's two biggest...
The USD/JPY pair is trading near 148.00, up approximately 2% on the day, as risk-on sentiment dominates global markets following a significant breakthrough in US-China trade relations. Over the weekend, the two economic giants agreed to a 90-day tariff reduction, with the US cutting its tariffs on Chinese imports to 30% (from 145%) and China reducing its duties to 10% (from 125%). This temporary de-escalation has sparked a rally in risky assets, weighing on traditional safe-haven currencies like the Japanese yen. The US Dollar has surged in response to the trade truce, supported by a sharp...
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....