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Japanese Yen draws support from softer risk tone; bulls seem non-committed
The Japanese Yen (JPY) edges higher against its American counterpart during the Asian session on Tuesday, albeit lacking bullish conviction and remains confined in a familiar range held over the past week or so.
Nov 26, 2024
China’s Embassy in Washington: No one will win a trade war
After US President-elect Donald Trump’s threat to impose additional 10% tariffs on all Chinese goods, China’s Embassy in Washington responded by saying that “no one will win a trade war or a tariff war.”
Nov 26, 2024
Australian Dollar depreciates due to risk aversion following Trump’s tariff decision
The Australian Dollar (AUD) continues to weaken against the US Dollar (USD) on Tuesday, driven by dampened market sentiment following President-elect Donald Trump's announcement of a 10% increase in tariffs on all Chinese goods entering the United States (US).
Nov 26, 2024
Trump vows 25% tariffs on Mexico and Canada, additional 10% tariffs on Chinese goods
In a post on Truth Social early Tuesday, US President-elect Donald Trump said that he would announce a 25% tariff on all products from Mexico and Canada from his first day in office and an additional 10% tariff on goods from China.
Nov 26, 2024
Gold price tumbles on Israel-Hezbollah ceasefire rumors, furious risk-on mood
Gold price (XAU/USD) plummeted during Monday’s North American session as news from a ceasefire between Lebanon and Israel crossed the wires, exacerbating appetite for riskier assets.
Nov 26, 2024
Fed’s Kashkari: It’s reasonable to consider a rate cut in December
Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday that it is still appropriate to consider another interest-rate reduction at the Fed’s December meeting, per Bloomberg.
Nov 26, 2024
ECB's Nagel: Central bank must not cut interest rates too quickly
The European Central Bank (ECB) Governing Council member Joachim Nagel said that inflation that’s headed toward the ECB’s target will allow for more interest-rate cuts, but officials mustn’t rush, per Bloomberg.
Nov 26, 2024
USD/CHF Price Prediction: Pulling back within an uptrend
USD/CHF is pulling back within an established short and medium-term uptrend.
Nov 25, 2024
Crude Oil retreats slightly at start of Thanksgiving week as focus shifts to OPEC+ meeting
Crude Oil takes a step back on Monday, trading at around $70, after a calmer weekend on the geopolitical front and ahead of a holiday-shortened week in the US due to Thanksgiving.
Nov 25, 2024
DXY: Risk of technical retracement lower – OCBC
The US Dollar (USD) started the week on a softer footing as markets reacted to Trump’s pick for Treasury Secretary, Scott Bessent.
Nov 25, 2024
USD/CAD refreshes daily high on sliding Oil prices; remains below 1.4000 amid weaker USD
The USD/CAD pair attracts some dip-buying near the 1.3925 area, or a two-week low touched earlier this Monday and climbs to a fresh daily peak during the first half of the European session.
Nov 25, 2024
EUR/GBP strengthens above 0.8300 despite rising bets of aggressive ECB rate cuts
The EUR/GBP cross strengthens to near 0.8320 during the early European trading hours on Monday.
Nov 25, 2024
Forex Today: US Dollar weakens as holiday-shortened week starts
Here is what you need to know on Monday, November 25: The US Dollar (USD) Index opened with a bearish gap after closing the previous week in positive territory.
Nov 25, 2024
Gold price snaps five day winning streak; heavily offered below $2,700 mark
Retreating US bond yields prompt USD profit-taking and could help limit further losses.
Nov 25, 2024
Silver Price Forecast: XAG/USD falls below $31.00 despite escalated geopolitical tension
Silver price (XAG/USD) retraces its recent gains, trading around $30.80 per troy ounce during the Asian session on Monday.
Nov 25, 2024
EUR/JPY trades with modest intraday gains, remains below 162.00 mark
The EUR/JPY cross kicks off the new week on a positive note, albeit struggles to capitalize on its intraday move up and remains below the 162.00 mark through the Asian session.
Nov 25, 2024
Australian Dollar advances as US Dollar faces challenges amid bond market optimism
The Australian Dollar (AUD) gains strength on Monday as the US Dollar (USD) continues its downward correction.
Nov 25, 2024
Japanese Yen builds on its weekly bullish gap-up against USD
The Japanese Yen (JPY) strengthens against its American counterpart at the start of a new week, dragging the USD/JPY pair back below the 154.00 mark during the Asian session. The US Treasury bond yields fell sharply in reaction to Scott Bessent's nomination as US Treasury Secretary.
Nov 25, 2024
GBP/USD climbs to 1.2600, away from multi-month low set on Friday on weaker USD
The GBP/USD pair opens with a bullish gap at the start of a new week and for now, seems to have snapped a three-day losing streak to sub-1.2500 levels, or its lowest level since May touched last Friday.
Nov 25, 2024
Gold Price Forecast: XAU/USD holds above $2,700 on softer US Dollar, geopolitical risks
The Gold price (XAU/USD) jumps to around $2,720 during the early Asian session on Monday. The sell-off in the US Dollar (USD) provides some support to the USD-denominated Gold price. Additionally, rising geopolitical tensions continue to underpin safe-haven assets like yellow metal.
Nov 25, 2024
