FED EXPECTED TO DELAY RATE CUTS AMID INFLATION RISKS U.S. Federal Reserve to likely delay rate cuts until next quarter. Inflation concerns lead economists to adjust forecasts. Majority of economists expect at least one rate cut by June. Poll of 101 economists surveyed between February 4-10.
EUR/USD is falling but still above 1.0300. The US Dollar is stronger because of Trump's new tariff threats. Traders are watching for Eurozone economic data and Lagarde’s speech for market direction.
OIL PRICES CLIMB AFTER U.S. TARIFF CONCERNS Oil prices rebounded on Monday after last week's declines. Investors shrugged off U.S. President Trump’s latest tariff threat on steel and aluminium. Brent crude up 1.06%, at $75.45 per barrel. U.S. WTI crude rose 1.
Gold price reached a new record, close to $2,900. Investors are buying gold as a safe option. They worry about Trump's trade tariffs. Fears of a trade war and rising prices (inflation) are growing. This is making more people invest in gold
PBOC SETS CNY REFERENCE RATE LOWER THAN ESTIMATED PBOC sets USD/CNY reference rate for today at 7.1716. The rate is lower than the estimated 7.3067. PBOC follows a managed floating exchange rate system. Yuan allowed to fluctuate within a 2% band around the reference rate.
Gold prices stayed strong on Monday. They were close to their highest level ever. Investors bought gold because they were worried. U.S. President Donald Trump announced new tariffs (extra taxes on trade). This made people fear a global trade war. Gold is a "safe-haven" asset, meaning people
ECB'S DE GUINDOS: AVOIDING A TRADE WAR IS CRUCIAL ECB Vice President Luis de Guindos stressed the importance of avoiding a trade war. He called for a prudent and intelligent approach to the latest tariff announcements. The impact of tariffs on supply is clear, but inflation effects remain
GBP/USD is weak around 1.2400. The US Dollar is slightly stronger. US President Trump threatened new tariffs. This is causing fears of a global trade war. These factors are making GBP/USD vulnerable.
JAPAN DECEMBER CURRENT ACCOUNT DATA MISSES EXPECTATIONS Japan’s December current account showed a surplus of ¥1,077 billion, below the expected ¥1,362 billion. The previous current account surplus was ¥3,352.5 billion. Bank lending in Japan for January rose 3.0% year-on-year, slightly down from 3.1%
As of Monday, February 10, 2025, the cryptocurrency market is experiencing a downward trend: Bitcoin (BTC): Trading below $96,000, continuing its decline from the previous week. Ethereum (ETH): Dropped over 7% last week, now trading below key support levels, indicating potential for further decline. Ripple (XRP): Also decreased by
EUR/USD FOREX SIGNAL: PRESSURED AHEAD OF US INFLATION DATA EUR/USD is under pressure after mixed US NFP data. The pair retreated to 1.3200, down from a high of 1.0539. Bearish View: Sell EUR/USD, take-profit at 1.0250, stop-loss at 1.0400 (1-2 days). Bullish View:
PEOPLE'S BANK OF CHINA SETS DOLLAR-YUAN EXCHANGE RATE AT 7.1707 The People’s Bank of China set the dollar-yuan exchange rate at 7.1707 yuan per dollar. This rate is slightly above the expected 7.1699 yuan from a Reuters survey. The previous session’s exchange rate