Gold price holds firm despite higher US Treasury yields
Gold prices maintained stability despite an uptick in US Treasury yields, signaling resilience in the face of increasing borrowing costs. Spot gold hovered around $1,950 per ounce, reflecting investor caution as yields on the 10-year Treasury note climbed to multi-month highs. Typically, rising yields dampen gold’s appeal by increasing the opportunity cost of holding the […]
USD/JPY roils as markets look for signs of rate moves
The USD/JPY pair slipped on Monday as traders digested fresh signals from central banks, fueling speculation over potential rate adjustments in the U.S. and Japan. The yen, which has been under pressure for months, found brief support as investors recalibrated their expectations for the Bank of Japan’s monetary policy stance amid heightened volatility in global […]
German inflation up more than expected, backing ECB caution
German inflation exceeded expectations in December, climbing 5.5% year-on-year, higher than anticipated and suggesting that price pressures in Europe’s largest economy are more persistent than previously thought. The increase comes as the country grapples with rising energy costs and supply chain disruptions, leaving many analysts surprised by the resilience of inflation despite recent policy measures. […]
Dollar holds near two-year high; yuan under threat
The U.S. dollar held close to a two-year high on Tuesday, bolstered by persistent demand as investors seek refuge from global economic uncertainties. Strengthened by the Federal Reserve’s hawkish stance and robust economic data, the greenback continues to dominate the currency market, placing pressure on its rivals. The Chinese yuan, meanwhile, faces mounting challenges as […]
PBOC sets USD/CNY reference rate at 7.1876 vs. 7.1878 previous
The People’s Bank of China (PBOC) has set the USD/CNY reference rate at 7.1876, a marginal adjustment from the previous rate of 7.1878. This marks a slight shift in the central bank’s approach as it continues to balance market stability with economic growth pressures. The move comes amid broader economic challenges, including weaker-than-expected recovery signals […]
EUR/USD remains subdued around 1.0300 ahead of preliminary German inflation
The EUR/USD pair continues to trade near the 1.0300 level as investors await Germany’s preliminary inflation data. Market participants are cautious, weighing the potential implications for the broader eurozone economy and monetary policy. Analysts expect the data to offer key insights into inflationary pressures, a focal point for the European Central Bank’s policy path. The […]
Fed’s Daly: Inflation remains above our target
Federal Reserve Bank of San Francisco President Mary Daly stated that inflation remains above the central bank’s target, emphasizing the ongoing challenge of achieving price stability. Speaking on recent economic data, Daly underlined the Fed’s commitment to controlling inflation while avoiding unnecessary disruptions to economic growth. Daly pointed out that while inflation has moderated, it […]
GBP/USD holds steady above 1.2400; upside potential seems limited amid bullish USD
The GBP/USD pair remains steady above the 1.2400 level, but its upside potential appears capped as the US dollar sustains its bullish momentum. While the pound finds some support from a weaker global risk sentiment, the greenback continues to dominate due to hawkish expectations surrounding the Federal Reserve’s policy outlook. Market participants remain cautious as […]
Gold Price Forecast: XAU/USD holds below $2,650 as traders await fresh catalysts
Gold prices remained below $2,650 as traders awaited clearer signals from economic data and Federal Reserve commentary. Despite persistent global uncertainties, the precious metal’s momentum has stalled, with investors taking a cautious stance. The lack of significant drivers in recent sessions has left gold range-bound, testing the patience of bulls betting on higher prices. Analysts […]
Oil Rises for Sixth Day as Wider Market Optimism Fuels Bulls
Oil prices extended their rally for the sixth consecutive day, buoyed by a surge in global market confidence. Investors remain bullish as improved sentiment in equity markets spills over into commodities, fueling a rise in crude prices. Brent crude edged closer to $80 a barrel, while U.S. West Texas Intermediate (WTI) maintained gains near $76, […]
