A potent cocktail of trade policy anxieties and growing recession fears sent gold prices reeling this week, with the precious metal shedding over 3% as the US dollar surged. The XAU/USD pair closed Friday at $2,845, a significant drop from its daily peak of $2,885, and a far cry from …
Read More »Jones Wobbles, Recovers Slightly: Tariffs and Jobs Data Loom Large
The Dow Jones Industrial Average (DJIA) managed a modest recovery on Friday, clawing back roughly 150 points and clinging to the 43,400 level. However, this late-week rally does little to erase the overall losses, leaving the index down from Monday’s opening bell. The week’s volatility was fueled by a complex …
Read More »Trump Cancels Signing Ceremony with Ukraine
A planned meeting between US President Donald Trump and Ukrainian President Volodymyr Zelenskyy took an unexpected turn on Friday, descending into a heated exchange. President Zelenskyy expressed concerns over the proposed deal, citing vague terms and missing critical details, though he acknowledged it as a potential starting point.President Trump, under …
Read More »Dollar Dominates: Tariffs and Steady Inflation Fuel Greenback’s Surge
The US Dollar Index (DXY) is poised to cap off a robust week, firmly entrenched above the 107.00 mark, as a confluence of economic data and geopolitical developments bolstered the greenback’s strength. While January’s Personal Consumption Expenditures (PCE) inflation data landed squarely within expectations, easing immediate concerns of runaway inflation, …
Read More »Inflation Flatlines, Tariffs Threaten: Pound Holds Steady For Now
The Pound Sterling is navigating a turbulent week, holding its ground near 1.2600 against the US Dollar despite a confluence of economic and political pressures. While set for its first monthly gain since September 2024, the currency remains vulnerable as global uncertainties mount.Key US economic data released today showed the …
Read More »Euro Zone Consumers Lower Inflation Expectations but Remain Cautious on Economic Outlook
Euro zone consumers adjusted their near-term inflation expectations downward in January but continued to anticipate economic contraction, reflecting a cautious outlook on the region’s growth prospects, according to the European Central Bank’s (ECB) Consumer Expectations Survey released on Friday. Median inflation expectations for the next 12 months declined to 2.6% …
Read More »Bitcoin Falls Below $80,000, Poised for Steepest Monthly Decline Since Trump’s Election Victory
Bitcoin dropped sharply on Friday, slipping below the psychologically significant $80,000 level as investors reacted to escalating U.S. trade tariff concerns and positioned themselves ahead of a key inflation report. The leading cryptocurrency declined 8.4% to $78,955.9 as of 02:11 ET (07:11 GMT), marking a loss of over 22% in …
Read More »Gold Prices Decline as Dollar Gains, But Remain on Track for Monthly Increase
Gold prices edged lower in Asian trading on Friday as: The U.S. dollar strengthened ahead of key inflation data. Investors awaited the U.S. PCE price index, the Federal Reserve’s preferred inflation gauge, for further rate signals. At 01:44 ET (06:44 GMT): Spot gold fell 0.4% to $2,864.94 per ounce. Gold …
Read More »Oil Prices Decline Amid Tariff Uncertainty and Russia-Ukraine Peace Talks
Oil prices fell in Asian trading on Friday, extending their monthly losses as: Concerns over U.S. trade tariffs weighed on global demand. Hopes for a Russia-Ukraine peace deal raised the prospect of lifted sanctions and increased oil supply. At 21:38 ET (02:38 GMT): Brent crude futures dropped 0.4% to $73.30 …
Read More »Market Drivers; US Session: Dollar Gains on Tariffs, Eyes US Inflation Data
The US dollar surged to multi-day highs, driven by President Trump’s new tariff announcements and cautious trading ahead of crucial US inflation data (PCE) due Friday.Key Highlights for Friday, February 28:US Dollar (DXY): Climbed past 107.00, supported by tariff news and rising US Treasury yields. Key US data releases include …
Read More »