Forex Market

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, …

In June 2025, U.S. consumer sentiment showed signs of life. The University of Michigan’s Consumer Sentiment Index climbed 16.3% to 60.7, up from May but still 18% below December 2024 levels. A Modest Upturn Amid Economic uneaseThis uptick, though notable, reflects cautious optimism rather than robust confidence. Consumers remain wary, …

Trade Talks Fuel Dollar’s Rise: In June 2025, the U.S. dollar got a shot in the arm from growing optimism over trade negotiations. Reports of nearing agreements between the United States and key trading partners pushed the dollar index, which tracks the greenback against major currencies, to 97.27 points on …