Forex Market

Trump Targets PowellOn June 30, 2025, President Donald Trump escalated his feud with Federal Reserve Chair Jerome Powell, formally demanding lower interest rates via a handwritten note. Labeling Powell “too late,” Trump criticized the Fed’s cautious stance amid his administration’s volatile trade policies. The move follows weeks of heated rhetoric, …

Overview of the Legislative ProposalIn June 2025, President Donald Trump’s proposed tax and spending bill, dubbed the “One Big Beautiful Bill,” has emerged as a cornerstone of his second-term economic agenda. This ambitious legislation aims to permanently extend the 2017 Tax Cuts and Jobs Act (TCJA), which reduced corporate tax …

GBP/USD Holds Its GroundOn June 30, 2025, GBP/USD stayed steady at 1.3707, shrugging off hawkish remarks from Atlanta Fed President Raphael Bostic, who projected just one rate cut in 2025 and three in 2026. The UK’s Q1 GDP grew 0.7% quarter-on-quarter, its fastest pace in a year, yet signs of …

As global markets head into a holiday-shortened trading week in the U.S., several key developments are set to shape investor sentiment. The focus will be on the ongoing debate in the Senate regarding President Donald Trump’s signature tax-and-spending bill, crucial job market data due on Thursday, and Tesla’s upcoming second-quarter …

Gold prices rebounded from a one-month low in Asian trade on Monday, buoyed by a weaker dollar and the easing of geopolitical tensions in the Middle East. While safe-haven demand for gold remained subdued due to optimism surrounding potential U.S. trade deals, the precious metal found some support. Spot Gold …

The U.S. dollar faced significant pressure on Monday, slipping against multiple major currencies, including the yen, euro, sterling, and Swiss franc. This was in part due to market optimism around U.S. trade deals and growing expectations for earlier interest rate cuts by the Federal Reserve. The dollar hovered near a …

Oil prices experienced a decline in Asian trade on Monday, with the easing of geopolitical tensions between Israel and Iran contributing to the reduction of a previously built-up risk premium. Furthermore, the anticipation of increased output from the OPEC+ group also put downward pressure on prices. Brent crude futures for …

The US dollar experienced significant volatility last week, caught in a tug-of-war between positive and negative market forces. Support from Federal Reserve policymakers, led by Chair Jerome Powell, emphasized a cautious “wait-and-see” approach to interest rate cuts, bolstering the dollar. This stance was reinforced by stronger-than-expected consumer confidence, with the …

The Canadian Dollar (CAD) plunged as U.S. President Donald Trump abruptly ended trade negotiations with Canada. Announced via social media, Trump’s decision to “take his ball and go home” rattled markets, pushing USD/CAD to 1.3750. Compounding the Loonie’s woes, Canada’s GDP contracted by 0.1% in April, signaling economic slowdown. With …

The U.S. dollar surged on news of advancing trade talks, particularly with China. U.S. Commerce Secretary Howard Lutnick announced that both nations are finalizing a Geneva framework, targeting rare earth minerals essential for tech, from iPhones to military drones. China’s Commerce Ministry confirmed it’s reviewing export controls to ease restrictions, …