Gold price climbs above $2,700; upside seems limited ahead of Trump’s inauguration – FXStreet
Gold prices reversed declines in Asian trading on Monday amid a mild sell-off in the US dollar. Expectations that the Fed will pause its rate cutting cycle could keep XAU/USD in check amid a positive risk tone. Traders are now eagerly awaiting U.S. President-elect Donald Trump's inaugural address, which will provide fresh stimulus. Gold prices […]
Pound Sterling slumps as UK Retail Sales declines unexpectedly – FXStreet
Sterling is underperforming major currencies as weak UK retail sales data strengthens the case for a BoE interest rate cut in February. UK monthly retail sales fell by 0.3% in December, despite expectations for strong growth of 0.4%. The US dollar rose despite a slight acceleration in the Fed's dovish outlook. Sterling (GBP) fell sharply […]
US Dollar Index moves above 109.00, upside potential seems limited due to dovish Fed – FXStreet
The U.S. dollar index could struggle as the Fed looks more likely to cut interest rates twice this year. U.S. retail sales in December rose 0.4% from the previous month, falling short of market expectations of a 0.6% increase. US Treasury yields are expected to fall by more than 3% in a week. The US […]
Australian Dollar gives up recent gains as the US Dollar edges higher – FXStreet
The Australian dollar continues to rise despite strong economic data from China released on Friday. China's GDP grew by 5.4% year-on-year in the fourth quarter of 2024, after reporting a 4.6% expansion in the third quarter. U.S. retail sales rose 0.4% month-on-month in December, compared to expectations for a 0.6% increase. The Australian dollar (AUD) […]
XRP sustains bullish pressure following rumors of Donald Trump establishing US altcoin reserve – FXStreet
Donald Trump aims to create a cryptocurrency reserve that prioritizes assets created in the United States, such as XRP, Solana, and USDC. The SEC has appealed Judge Annalisa Torres' decision in the case against Ripple, drawing intense criticism from the crypto community. XRP is aiming for a new high above $3.55 after sustaining its uptrend […]
EUR/GBP sticks to gains around 0.8635-0.8640 area after UK data/German CPI – FXStreet
EUR/GBP has regained positive traction and is supported by a combination of factors. Mixed macro data in the UK led to speculation that the Bank of England would cut interest rates, causing the pound to fall. The rise in Germany's core CPI provides some support for the common currency and spot prices. The EUR/GBP cross […]
Gold rallies amid US yields plunge fueled by signs of lower core prices – FXStreet
Gold extended its gains as US core inflation was better than expected, causing US Treasury yields to fall. Traders now expect the Fed could cut rates by 40 basis points by the end of 2025, adjusting market expectations. Potential tariffs by the incoming Trump administration could counter disinflationary trends and impact gold's trajectory. Gold rose […]
USD/JPY tumbles over 1% as US core inflation cools – FXStreet
USD/JPY falls sharply as US consumer inflation data shows core inflation slowing. The yen appreciates due to the Bank of Japan governor's hawkish remarks. US 10-year bond yields fell 12bps. Upcoming Fed speeches and US economic data will be key to the further direction of the market. USD/JPY fell more than 1% in early trade […]
US Dollar Index retreats to 109.00 ahead of December CPI inflation – FXStreet
The US dollar's weekly losses increased for the third consecutive day. Traders are nervous about the upcoming US CPI release. The US dollar index (DXY) is testing 109.00 and could fall further on the possibility of a disinflationary CPI release. The US Dollar Index (DXY), which tracks the value of the US dollar against six […]
Forex Today: US Dollar bides time ahead of US CPI inflation test – FXStreet
Here's what you need to know on Wednesday, January 15th. Markets witness a typical cautious environment ahead of the release of the all-important December US Consumer Price Index (CPI) data, which will provide new insight into the US Federal Reserve's interest rate trajectory. There is. The US dollar (USD) continues to strengthen following a recent […]