The U.S. dollar rose on Friday by approximately 0.31% against most major currencies, according to levels recorded by the Dollar Index which is standing at 104.114, at the time of writing. This uptick capitalized on a retreat in risk appetite across financial markets, which triggered declines in U.S. stocks and …
Read More »EUR/USD Slips: Bearish Vibes Grow, But Technical Support Stands Firm
The EUR/USD pair has slipped to around 1.0820 after Friday’s European session, marking a third straight day of declines and a weekly drop of over 1%. Momentum is turning sour, with the RSI plunging near neutral and the MACD flashing a fresh bearish signal, suggesting the earlier bullish wave is …
Read More »Japan’s 5.4% Wage Hike Marks Highest Increase in 34 Years
Japanese companies have committed to an average 5.4% wage increase this year, according to the latest data from Rengo, the country’s largest labor union federation. Key Takeaways from the Wage Negotiations The 5.4% wage hike slightly dips from the initial 5.46% reading last week but remains on track to be …
Read More »Gold Prices Maintain Upward Momentum, Set for Third Consecutive Weekly Gain
Gold prices remained on track for a third straight weekly gain on Friday, supported by expectations of U.S. Federal Reserve rate cuts and safe-haven demand amid escalating geopolitical and economic uncertainties. The precious metal continued to draw investor interest, reaching a new all-time high of $3,057.21 per ounce on Thursday …
Read More »USD/JPY: A Waiting Game Below 150.00
The USD/JPY pair is stuck below the key 150.00 level, with traders waiting for a clear direction. Recent decisions from the Bank of Japan and the Federal Reserve haven’t moved the market much, so everyone’s looking to Japan’s upcoming inflation numbers for a potential shift. Currently, the pair is trading …
Read More »Market Drivers – US Session: The US Dollar Stages a Comeback as Markets Digest Fed’s Rate Stance
The US Dollar, often referred to as the Greenback, made a notable turnaround on Thursday, March 20, 2025, building on its recovery following the Federal Open Market Committee (FOMC) meeting earlier in the week. Climbing to its highest levels in days, the Dollar surged as investors recalibrated their expectations after …
Read More »Pound Climbs as Bank of England Signals Firm Stance on Inflation
The British Pound experienced a surge in value following the central bank’s decision to maintain interest rates, accompanied by a clear message that future rate reductions hinge on concrete signs of sustained inflation control. A near-unanimous vote by the Monetary Policy Committee to hold rates steady reflects a heightened concern …
Read More »Tariff Tides: BoC Governor Navigates Uncertain Waters, Prioritizes Inflation Amid US Policy Risks
The Bank of Canada (BoC) is bracing for potential turbulence as US tariff policies cast a long shadow over the Canadian economic landscape. Governor Tiff Macklem, addressing the Calgary Economic Development initiative, delivered a stark message: the uncertainty surrounding US trade actions necessitates a shift in the BoC’s monetary policy …
Read More »Market Volatility Persists Amid Economic and Geopolitical Uncertainties
U.S. stocks experienced a volatile trading session today, initially declining amid growing concerns regarding the economic outlook, exacerbated by the potential impact of U.S. trade policies. The specter of stagflation also weighed heavily on investor sentiment, following the Federal Open Market Committee’s (FOMC) revised economic projections released on Wednesday. The …
Read More »Dollar Rebounds Amid Inflation Fears: Will the Fed Hike Rates Again?
The U.S. dollar rebounded Thursday, driven by escalating fears that the Trump administration’s trade policies could fuel persistent inflation, potentially compelling the Federal Reserve to maintain elevated interest rates. This surge saw the dollar index, which tracks the dollar against a basket of major currencies, climb to 103.89, up from …
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