EUR/USD posts a fresh year-to-date high above 1.0700 as the US Dollar weakens amid uncertainty over US growth prospects. US President Trump reiterates that reciprocal tariffs to take effect on April 2. The ECB is expected to reduce interest rates by 25 bps on Thursday. EUR/USD rallies to near 1.0720 in Wednesday’s North American session, the highest level…
At last month’s meeting, Fed officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. In addition, the Minutes showed the staff’s economic outlook remained largely unchanged from December. Key highlights All…
Gold price enters a bullish consolidation phase after touching a fresh all-time peak on Friday. Rebounding US bond yields underpin the USD and cap the upside for the XAU/USD pair. Traders now look forward to the release of the US PCE Price Index for a fresh impetus. Gold price (XAU/USD) extends its sideways consolidative price…
The Federal Reserve is widely expected to leave monetary policy settings unchanged following the January meeting. Fed Chairman Powell’s presser could provide important clues about the rate outlook. The US Dollar could come under bearish pressure if the Fed leaves a rate cut in March on the table. The United States (US) Federal Reserve…
Gold price catches fresh bids on Friday amid trade war fears and geopolitical tensions. The USD hits a fresh two-week low and offers further support to the XAU/USD pair. Bets for slower rate cuts by the Fed might keep a lid on the non-yielding yellow metal. Gold price (XAU/USD) sticks to its intraday bullish bias…
Gold price struggles to capitalize on its modest bounce from a one-week low. Rebounding US bond yields underpin the USD and weigh on the XAU/USD. Traders now look to FOMC meeting minutes for some meaningful impetuses. Gold price (XAU/USD) retains its negative bias for the second straight day and trades just above a one-week low…
