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...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, starts to turn red and dips below 104.00 at the time of writing on Wednesday, while equities sell off and bond yields drop. The Greenback remains sidelined just hours before United States (US) President Donald Trump announces the reciprocal tariff implementation at the White House at 20:00 GMT. The White House and the Trump administration are very sketchy in details, and until now, it remains unclear what the tariffs will mean for markets. On the economic data releases, this...
Gold prices steadied near all-time highs Wednesday, as traders awaited more clarity on fresh trade tariffs from the Trump administration. At 08:05 ET (13:05 GMT), XAU/USD traded largely unchanged at $3,123.72 per ounce, just below Tuesday's all-time high of $3149.03. Gold Futures rose 0.5% to $3,161.31 an ounce. Trump tariff details due The yellow metal had hit consecutive fresh record-highs in the last four sessions, but traders were cautious on the day of Trump tariffs, leading to increased volatility on Wednesday. U.S. President Donald Trump is poised to implement extensive reciprocal...
Oil retreated, pausing last month's rally as traders position themselves for impending US tariff announcements. Brent slid close to $74 a barrel after slipping slightly on Tuesday. US President Donald Trump is set to announce his tariff measures later on Wednesday, and the sweeping duties will take immediate effect, according to his top spokeswoman. Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for different countries, as well as a more customized "reciprocal" plan. Wide-ranging measures remained on...
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, consolidates for a second day in a row this week and hovers near 104.20 at the time of writing on Wednesday. The Greenback remains sidelined just hours before United States (US) President Donald Trump announces the reciprocal tariff implementation at the White House at 20:00 GMT. The White House and the Trump administration are very sketchy in details, and until now, it remains unclear what the tariffs will mean for markets. On the economic data releases, this Wednesday's main event...
Gold price (XAU/USD) stabilizes just above $3,120 at the time of writing on Wednesday after some easing from the prior day where a fresh all-time high got eked out at $3,149 before closing negative. The Gold rush rally stalled ahead of United States (US) President Donald Trump officially announcing the reciprocal tariff implementation later this Wednesday at the White House with his entire cabinet present. However, with uncertainty building up towards this day, the announcement itself could be less impactful than initially thought, resulting in a sharp correction for Gold this week as a...
The Pound Sterling (GBP) trades sideways around 1.2900 against the US Dollar (USD) in Wednesday's European session. The GBP/USD pair consolidates as investors have been sidelined, waiting for the release of a detailed reciprocal tariff plan by United States (US) President Donald Trump later in the day. US President Trump has been touting April 2 as "Liberation Day" for weeks as he believes that the imposition of reciprocal tariffs will make "America great again". Trump's reciprocal tariffs are expected to upend the global trade system soon, as White House spokeswoman Karoline Leavitt...
Oil was little changed, pausing last month's rally as traders position themselves for impending US tariff announcements. Brent traded below $75 a barrel after slipping 0.4% on Tuesday, with West Texas Intermediate above $71. US President Donald Trump is set to announce his tariff measures later on Wednesday, and the sweeping duties will take immediate effect, according to his top spokeswoman. Several proposals are said to be under consideration, including a tiered tariff system with a set of flat rates for different countries, as well as a more customized...
Gold price (XAU/USD) trades with a positive bias through the first half of the European session on Wednesday and remains close to the all-time peak touched the previous day. Investors remain worried about US President Donald Trump's aggressive trade policies and their impact on the global economy. Adding to this, persistent geopolitical tensions turn out to be key factors acting as a tailwind for the safe-haven bullion. Furthermore, expectations that the Federal Reserve (Fed) will resume its rate-cutting cycle soon in the wake of a tariff-driven US economic slowdown lend additional support...
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....