The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.822, marking a third consecutive day of gains. The market now awaits the release of the US CPI later tonight (WIB) for confirmation of its next direction. Market participants consider a 25 bps cut at the September 16-17 meeting almost certain. The chance of a 50 bps cut is only around 8%. Analysts' comments suggest the "benign" PPI result is in line with market pricing, shifting focus to the CPI...
Oil prices steadied in Asian trade on Thursday as traders digested hawkish signals from the Federal Reserve, while U.S. President Donald Trump reiterated plans to increase domestic energy production. Oil prices were nursing losses over the past week after Trump called for lower oil prices and higher output in the U.S. and other major suppliers. Data showing a bigger-than-expected build in U.S. oil inventories also weighed on crude prices. Markets remained largely skittish over Trump's plans to impose more trade tariffs on major global economies, especially China. The White House on...
Dollar bulls were ready to pounce on the euro on Thursday should the European Central Bank sound dovish on rates later in the day, given the Federal Reserve had pressed the pause button on its easing cycle overnight Markets are more than fully priced for the ECB to trim rates by 25 basis points to 2.75% later on Thursday, with even a small chance of 50 basis points given how weak the EU economy is. "The euro area's inflationary pulse is evaporating, and the risk of a sustained inflation undershoot is material," warned analysts at ANZ. "The complex economic and political challenges facing...
Gold prices edged lower as the US Federal Reserve (Fed) delivered a hawkish hold. The Fed removed inflation language, an indication of a pivot towards maintaining rates unchanged. The XAU/USD trades volatile within the $2,750 - $2,740 range as Fed Chair Jerome Powell crossed the wires. Powell's first question was about having been contacted by US President Donald Trump. He answered he had not spoken with Trump and firmly stated that he wouldn't comment on Trump's policies or politics. In addition, Powell said that monetary policy is "less restrictive than it had been," adding that the Fed...
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.60 during the late American session on Wednesday. The WTI price edges lower after US crude stockpiles rose more than expected last week. US crude inventories rose last week. The US Energy Information Administration (EIA) weekly report showed crude oil stockpiles in the United States for the week ending January 24 increased by 3.463 million barrels, compared to a decline of 1.017 million barrels in the previous week. The market consensus estimated that stocks would rise by 3.7 million barrels. The White House...
Gold prices edged lower as the US Federal Reserve (Fed) delivered a hawkish hold. The Fed removed inflation language, an indication of a pivot towards maintaining rates unchanged. The XAU/USD trades volatile within the $2,750 - $2,740 range as Fed Chair Jerome Powell crossed the wires. Powell's first question was about having been contacted by US President Donald Trump. He answered he had not spoken with Trump and firmly stated that he wouldn't comment on Trump's policies or politics. In addition, Powell said that monetary policy is "less restrictive than it had been," adding that the Fed...
Gold's price (XAU/USD) is starting to turn a bit lower on Wednesday in the US trading session after a very whipsaw start to the week. No big moves are expected until later this this Wednesday, as several traders sit on their hands until the Federal Reserve (Fed) interest rate decision later in the day. Lower US rates are often seen as beneficial for Gold to trade higher. Market expectations show the Fed will likely keep interest rates unchanged in the range of 4.25%-4.50%, so traders will rather focus on Fed Chairman Jerome Powell's comments on the central bank's policy outlook. And here,...
Pasangan USD/JPY bergerak turun mendekati 155,40 pada sesi Amerika Utara hari Rabu (29/1). Aset tersebut diperdagangkan dengan hati-hati meskipun Dolar AS (USD) berkinerja kuat menjelang keputusan kebijakan moneter Federal Reserve (Fed) pada pukul 19:00 GMT. Indeks Dolar AS (DXY), yang melacak nilai Greenback terhadap enam mata uang utama, menyentuh level tertinggi tiga hari mendekati 108,30. Indeks USD menguat karena para pedagang yakin bahwa Fed akan mengumumkan jeda dalam kebijakan ekspansif dan mempertahankan suku bunga tetap pada kisaran 4,25%-4,50%. Dalam tiga pertemuan kebijakan...
Oil prices fell on Wednesday, following a rise in U.S. crude inventories and easing concerns over Libyan supplies, while focus shifted to potential U.S. tariffs on Canadian and Mexican imports. Brent crude futures were down 59 cents, or 0.76%, at $77.90 a barrel by 0916 GMT, while U.S. crude futures were down 55 cents, or 0.75%, at $73.22. The White House said on Tuesday that U.S. President Donald Trump still plans to impose 25% tariffs on Canada and Mexico on Saturday. "Crude prices continue to follow the beat of Trump's tariff orchestra, with Canadian tariffs coming into effect on...
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....