XAU/USD CHALLENGES CRITICAL SUPPORT AHEAD OF US CPI INFLATION TEST Gold price remains below $2,900 after pulling back from record highs of $2,943. Uncertainty over Trump’s tariffs and hawkish comments from Fed Chair Powell weigh on Gold. Sellers are testing key support levels on the 4-hour
Gold price drops from record highs and stays below $2,900. Uncertainty over Trump’s tariffs and hawkish comments from Fed Chair Powell are affecting gold. Gold is testing key support on the 4-hour chart. US CPI inflation data is coming soon and could impact gold prices further.
US Energy Report: The US Energy Information Administration (EIA) says new sanctions on Russian oil will not greatly affect oil production. Global Oil Production: Expected to grow by 1.9 million barrels per day in 2025 and 1.6 million barrels per day in 2026. Reasons for Growth: More oil
Ethereum Price Now: $2,620 Selling Pressure: Long-term holders sold over 300,000 ETH in the last three days. Whales Buying: Big investors are buying, with exchange reserves dropping by 800,000 ETH in a week. Key Resistance: Ethereum needs to break $2,817 to go higher. Possible Drop: If
EUR/USD is stable above 1.0350 in European trading on Wednesday. Traders are cautious about upcoming US inflation data. US Dollar stays strong because of Trump's plan for new tariffs. Trump may impose tariffs without Congress' approval.
USD/JPY Rises: The USD/JPY pair moves above 153.50 in Asian trading. Weaker Japanese Yen: The Yen is losing value due to comments from BoJ Governor Ueda. Trade Tariff Concerns: Worries about Trump's trade tariffs add pressure on the Yen. Strong US Dollar: The US Dollar
ECB'S VILLEROY: US TARIFFS WILL LIKELY NEGATIVELY IMPACT ECONOMY ECB policymaker François Villeroy de Galhau warns that US tariffs will likely have a negative economic impact. He describes protectionism as a short-term seductive policy but a losing long-term strategy. France is expected to avoid economic recession in 2025.
EUROPEAN INDICES HOLD SLIGHT ADVANCE, AIMING FOR SIX STRAIGHT WEEKS OF GAINS Major European indices show slight advances at the open. Eurostoxx +0.3%, Germany DAX +0.2%, France CAC 40 +0.3%, Spain IBEX +0.7%, Italy FTSE MIB +0.4%. The UK FTSE remains flat. European markets are
Stock Market Stayed the Same: The S&P 500 barely changed. Tech Stocks Fell: The Nasdaq dropped by almost 0.3%. Dow Jones Was Flat: It stayed close to its previous level. Powell's Caution on Rates: The Fed Chairman warned about being careful with interest rate cuts.
BANK OF JAPAN GOVERNOR UEDA MONITORS US POLICY IMPACT Bank of Japan Governor Ueda will monitor the impact of US tariff and immigration policies. Both policies are considered inflationary, which interests Ueda. He is particularly interested in the new US administration's policies. The pace of Japan's
The Japanese Yen is getting weaker against the US Dollar. Trade tensions, especially worries about Trump's tariffs, are hurting the Yen. The US Federal Reserve’s (Fed) strong stance is increasing demand for the US Dollar. The Bank of Japan (BoJ) may raise interest rates in March, which
PBOC SETS USD/CNY REFERENCE RATE AT 7.1710 The People's Bank of China (PBOC) sets the USD/CNY reference rate for today at 7.1710. The estimated rate was 7.2971. PBOC is responsible for setting the daily midpoint for the yuan (CNY/RMB). The yuan follows