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Gold edges lower as Trump’s administration plans to toughen chip controls over China
Gold price edges lower on Tuesday along with yields and equities.
The Trump administration seeks to toughen its semiconductor restrictions on China.
Gold heads back to $2,930 and looks heavy with an overall market rout.
Tue, Feb 25
WTI rises to near $71.00 following fresh US sanctions on Iran’s Oil
WTI price rose as the US imposed sanctions on brokers, tanker operators, and shipping companies involved in Iranian petroleum.
Oil price gains were capped as Trump announced to proceed with import tariffs on Canada and Mexico.
French President Emmanuel Macron suggested a truce between Ukraine and Ru
Tue, Feb 25
Pound Sterling stabilizes against US Dollar despite renewed Trump’s tariff fears
The Pound Sterling (GBP) ticks slightly higher to near 1.2635 against the US Dollar (USD) in Tuesday’s European session.
Tue, Feb 25
Shiba Inu Price Forecast: SHIB holders unload 61.5 billion tokens in the last ten days
Shiba Inu (SHIB) price is hovering around $0.000013 on Tuesday after dropping nearly 12% the previous day.
Tue, Feb 25
NZD/USD holds positive ground above 0.5700 as China unveils action plan to stabilize foreign investment
The NZD/USD pair trades in positive territory around 0.5735 during the early European session on Tuesday.
Tue, Feb 25
EUR/JPY loses momentum to near 156.50 on BoJ rate hike bets
EUR/JPY softens to near 156.65 in Tuesday’s early European session.
Rising bets on the BoJ rate hike support the JPY.
Investors will closely monitor how soon the conservative Christian Democrats could form a coalition government.
Tue, Feb 25
Gold price eases from all-time peak; bullish potential seems intact
Gold price retreats from a record high as traders opt to take some profits off the table.
Worries over Trump’s tariff plans should limit losses for the safe-haven precious metal.
Bets that the Fed would cut rates further could also act as a tailwind for the XAU/USD.
Tue, Feb 25
AUD/USD falls back from 0.6400 as US Dollar bounces back
AUD/USD retreats from 0.6400 as the US Dollar recovers its intraday losses.
Investors digest weak preliminary US S&P Global PMI data for February.
Going forward, Australian monthly CPI data for January will influence RBA’s policy outlook.
Mon, Feb 24
USD is trading steady on the day – Scotiabank
The US Dollar (USD) is little changed in quiet trade. Overnight price action saw the Euro (EUR) advance in response to the anticipated win for the center-right in Germany’s federal election but the result was largely as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Mon, Feb 24
Gold has wild ride with US Dollar pressured by German election outcome
Gold price pops near 0.50% in the early European session on Monday.
Although the Far-Right AfD has gained 20% of votes, the CDU has booked a comfortable lead.
US Dollar Index drops, opening room for Gold to tick higher.
Mon, Feb 24
EUR/USD falls back amid fears over German economic outlook
EUR/USD surrenders most of its initial gains as the US Dollar bounces back.
Market participants worry that potential German coalition government formation will unlikely uplift the economy.
Weak US private business activity data weighed on the US Dollar.
Mon, Feb 24
NZD/USD Price Forecast: Hovers around 0.5750 near nine-day EMA support
NZD/USD could target the two-month high at 0.5794.
The 14-day RSI stays above the 50 level, reinforcing the bullish sentiment.
The nine-day EMA at 0.5721 level appears as the immediate support.
Mon, Feb 24
Pound Sterling outperforms US Dollar as Fed dovish bets rise on weak US Services PMI
The Pound Sterling jumps to near 1.2700 against a weakened US Dollar after a sharp slowdown in US services sector data for February.
Traders expect the BoE to cut interest rates two times more this year.
This week, investors will focus on the US Durable Goods and PCE inflation data for January.
Mon, Feb 24
EUR/GBP rises to near 0.8300 following Germany’s conservative victory
EUR/GBP climbs as market sentiment improves after Germany’s conservative election victory.
Investors focus on the coalition-building process, with strong leadership viewed as essential for driving key fiscal reforms in Germany.
The Pound Sterling may find support as expectations for a Bank of Englan
Mon, Feb 24
Gold price extends its consolidative price move near all-time peak
Gold price continues to attract safe-haven flows amid worries about Trump’s tariff plans.
The emergence of fresh USD selling and inflation concerns also support the XAU/USD pair.
Hawkish Fed expectations might cap any further gains for the non-yielding yellow metal.
Mon, Feb 24
WTI hovers near $70.00, downside appears amid potential exports from Kurdistan’s oilfields
West Texas Intermediate (WTI) Oil price edges higher to around $70.30 per barrel during Asian trading hours on Monday.
Mon, Feb 24
NZD/USD holds gains near 0.5750 following Retail Sales, China’s annual policy blueprint
NZD/USD recovers recent losses registered in the previous session, trading around 0.5750 during the Asian hours on Monday.
Mon, Feb 24
Japanese Yen retreats after hitting over two-month high against USD
The Japanese Yen (JPY) builds on last week's strong gains against its American counterpart and drags the USD/JPY pair below the 149.00 mark, or the lowest level since early December during the Asian session on Monday.
Mon, Feb 24
Gold Price Forecast: XAU/USD attracts some sellers below $2,950 on profit-taking
Gold price (XAU/USD) drifts lower to near $2,925 during the Asian trading hours on Monday.
Mon, Feb 24
AUD/USD gains traction above 0.6350 on weaker US Dollar
The AUD/USD pair edges higher to near 0.6370 during the early Asian session on Monday.
Mon, Feb 24
