USD/CAD rises as Powell from the Fed keeps a firm stance.
USD/CAD is increasing as Powell’s comments at the ECB Forum heighten expectations for rate cuts that were previously reduced in September. Federal Reserve Chairman Powell stated: “If the US economy remains solid, we should be cautious and wait.” PMI and JOLTS job data from the US ISM manufacturing sector have exceeded expectations, indicating a resilient […]
Dollar rises after positive data. Powell: Fed pausing. Keeping an eye on data.
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Gold price update for Tuesday, July 1, 2025: Gold rises as tariff deadline nears
Gold Futures Update Gold futures began trading on Tuesday at $3,315.70 per ounce, showing a 0.7% increase from Monday’s close of $3,294.40. Interestingly, prices have also seen gains in earlier trading hours, possibly hinting at a reversal of weekly losses. Investors are on the lookout for updates regarding trade agreements and Senate discussions surrounding President […]
Silver rises to $36.50 as markets become more cautious
On Tuesday, silver is expected to make an upward move as interest in safe-haven assets grows. Investor confidence has been dampened by new tariff-related concerns. Xag/USD is showing some uncertainty above its crucial support level at $35.40. Silver (XAG/USD) has bounced back from a low of $35.40 on Monday, reaching a daily high of $36.50. […]
Japanese Yen rises to a new multi-week high against a generally weaker USD.
The Japanese yen is set to strengthen as BOJ’s Tankan survey boosts rate hike expectations. The market sentiment is generally positive, but US trade talks on food tariffs are pressuring the yen. With policy expectations rising in varying BOJs, there may be attempts to recover USD/JPY rates. The Japanese Yen (JPY) shows a positive trend […]
Asia-Pacific FX news summary: China’s Caixin Manufacturing PMI rises into growth
Forex trading involves significant risks which might not be suitable for every investor. The use of leverage can increase both risk and potential losses. It’s important to carefully evaluate your investment goals, level of experience, and risk tolerance before engaging in Forex trading. Remember, it’s possible to lose your initial investment, so only invest what […]
EUR/USD rises to 1.1780 as the US Dollar weakens due to hopes for fiscal and trade improvements.
The EUR/USD is at 1.1776 after hitting a multi-year peak of 1.1780 due to a weakening dollar. Concerns over the U.S. budget deficit and Federal Reserve’s decisions push the U.S. dollar down to multi-year lows. Retail sales in Germany heighten concerns about growth for the ECB ahead of remarks from major central banks. The EUR/USD […]
XRP rises 3% following Garlinghouse’s announcement about Ripple ending SEC cross-appeal
XRP Prices Climb Following Legal Developments XRP prices jumped by 3% on Friday after Ripple Labs’ CEO, Brad Garlinghouse, announced that the company would not pursue a cross appeal against the U.S. Securities and Exchange Commission (SEC). He expressed optimism regarding the SEC’s own appeal, suggesting that they might not succeed either. “Ripple is dropping […]
Asia Morning Update: BTC Rises to $107K as Conflict Eases and Risk Taking Increases
Good morning, Asia. This is what makes news in the market: Welcome to the daily summary of top stories in the US and an overview of market analysis. For a detailed overview of the US market, see Coindesk’s Crypto Daybook Americas. As Asia starts trading on Thursday, Coindesk 20, a major digital asset measure, is […]
Silver Price Outlook: XAG/USD rises above $36.00 due to weaker US Dollar and increasing demand
Silver prices have dipped to about $36.35 during the early Asian trading hours on Thursday. Trump’s criticisms put pressure on the US dollar and raise doubts about the Federal Reserve’s credibility. Rising industrial demand is bolstering silver prices. Prices for silver (XAG/USD) are expected to attract buyers, aided by a weaker US dollar, as they […]