NEW ZEALAND INFLATION DATA AND EXPECTATIONS FOR RBNZ RATE CUT New Zealand's Q4 inflation data shows inflation within the RBNZ's target range of 1-3%. Market pricing suggests a 67% chance of a 50 basis point rate cut by the Reserve Bank of New Zealand (RBNZ). The
US TRADERS FAVORING SOL OVER BITCOIN AND XRP Solana price is holding above $250 after a 10% drop from its all-time high of $275 in the past 24 hours. Solana (SOL) is now the most popular Layer-1 crypto among US traders, overtaking XRP and Bitcoin. In the last week, Solana
Gold prices reached their highest level in over two months on Tuesday. The increase was due to a weaker dollar. Investors turned to gold as a safe-haven asset. The uncertainty around U.S. President Donald Trump's potential tariffs added to the concern.
THE DOLLAR'S DECLINE MIRRORS WIDESPREAD RELIEF AMONG INVESTORS U.S. stock futures soared as Trump began his second term, with expectations of bold executive actions to boost the economy. Contrary to expectations, Trump did not impose new tariffs immediately. Instead, he directed federal agencies to review current trade
USD/JPY DROPS BACK UNDER 155.00 TO FRESH LOW FOR THE DAY USD/JPY fell below 155.00, hitting a new low for the day. The USD had risen earlier after Trump mentioned considering 25% tariffs on Mexico and Canada. Trump is considering imposing tariffs by February 1, but
USD/CAD HOLDS GAINS NEAR 1.4450 ON TRUMP'S REMARKS ON TARIFFS USD/CAD held near 1.4445, up 0.94% in Tuesday’s Asian session. Trump suggested imposing 25% tariffs on Canada and Mexico in February. The Canadian Dollar weakened due to Trump's remarks on
JAPAN MOF'S MIMURA COMMENTS ON ECONOMIC OUTLOOK AND BOJ POLICIES Japan’s Ministry of Finance (MOF) official Mimura emphasized the need to monitor the sustainability of China's recent export growth. Mimura noted weak real consumption in Japan. He also highlighted the importance of watching the new
XAU/USD REMAINS FOCUSED ON ALL-TIME HIGHS Gold prices hovered around $2,700 as investors assessed Trump’s second term. The US Dollar weakened as investors became more risk-on ahead of Trump’s inauguration. The Federal Reserve is expected to keep interest rates unchanged in January. Gold maintained its bullish
EUR/USD PRICE FORECAST: FURTHER WEAKNESS LIKELY BELOW THE 200-DAY SMA EUR/USD rebounded sharply above 1.0400 on Monday. The US Dollar weakened significantly on Inauguration Day. Investors should pay close attention to Trump’s initial announcements this week. The Euro extended its recovery as the US Dollar faced
UK LABOR MARKET DATA RELEASED Unemployment benefits in the UK increased less than expected in December. The UK unemployment rate rose in November to its highest level since April. New unemployment benefit applications increased by 0.7 thousand in December, better than the expected 10.3 thousand. November’s applications
Crude oil prices went down on Monday. People expect that Donald Trump, the next U.S. president, might make changes. He may reduce restrictions on Russia's energy sector. In return, he might try to make a deal to stop the war in Ukraine.
GOLD PRICE FORECAST: XAU/USD BUYERS LOOK TO $2,750 ON TRUMP’S TARIFF THREATS Gold price is rising towards $2,750, retesting a one-month high. Trump’s tariff threats are creating risk aversion, weakening the US Dollar and boosting Gold. The technical setup for Gold remains bullish, suggesting further