Currency futures extended gains against the dollar, which fell after downbeat nonfarm payrolls data on Friday. At the same time, the greenback fell as market participants worried about the impact of Trump’s tariffs on the US economy. Meanwhile, safe-haven currencies like the yen soared. US employment (Source: Bureau of Labor Statistics) Data on Friday revealed Read More…
Interest futures rebounded from lows hit in the previous session after news that Trump had suspended tariffs on Canada and Mexico. Fears of the impact of trade wars had raised fears about a slowdown in US economic growth. Meanwhile, market participants were gearing up for the US nonfarm payrolls report and Powell’s speech for clues Read More…
Oil prices steadied on Thursday after reaching fresh lows in the previous session due to demand worries. Data revealed an unexpected increase in crude inventories. At the same time, trade wars ignited by Trump’s tariffs dimmed the outlook for the global economy. On supply, traders worried about oversupply with OPEC+ increasing output starting in April. Read More…
Gold prices extended gains on Wednesday after rallying nearly 1% in the previous session amid trade war uncertainty. At the same time, the dollar weakened, making gold cheaper for foreign buyers. Meanwhile, market participants look forward to US employment figures for clues on future Fed rate cuts. Spot gold (Source: Bloomberg) On Tuesday, investors scrambled Read More…
Currency futures fell on Friday as risk appetite dipped, with traders awaiting the implementation of tariffs on Canada and Mexico. Meanwhile, traders also focused on developments in the talks between the US and Ukraine, which went south. However, risk appetite rebounded by Monday amid renewed hopes of a deal to end the Russia-Ukraine war. On Read More…
Introduction The U.S. Dollar Index (DXY) is currently testing a key support zone between 106-107, following a pullback. The dollar remains in a strong uptrend, trading well above the 100-week SMA (104.261). As of today 28/02/2025, DXY is trading at 107.775, up +0.69%, showing signs of stabilization after the recent pullback. If the 106-107 support Read More…
