GOLD PRICE FORECAST: XAU/USD BUYERS JUMP BACK AMID TARIFF UNCERTAINTY Gold price holds rebound from weekly lows early Wednesday. Fresh haven demand boosts gold amid tariff uncertainty and US economic concerns. Gold buyers remain optimistic with bullish daily RSI, supported by the 21-day SMA at $2,883. Gold struggles
Ethereum’s price bounced up from a key support level. The support level was at the bottom of a downward price channel. Aya Miyaguchi, the Executive Director of the Ethereum Foundation, is stepping down. She will now take on a new role as the foundation’s president.
The crypto market lost $325 billion in value since Friday. Many people are selling, causing prices to drop. The Kobeissi Letter reported this big loss. Bloomberg said Citadel Securities (a $65 billion firm) is looking into becoming a Bitcoin and crypto liquidity provider. This means Citadel may help make buying
EUR/USD DEPRECIATES TO NEAR 1.0500 AS US DOLLAR STRENGTHENS EUR/USD slips, trading around 1.0500 as the US Dollar strengthens. The US Dollar Index (DXY) climbs toward 106.50, driven by rising US Treasury yields. US yields on 2-year and 10-year Treasury bonds improve to 4.12%
PBOC SETS USD/CNY CENTRAL RATE AT 7.1732 PBOC sets the USD/CNY reference rate at 7.1732, better than the estimated 7.2526. The PBOC establishes the daily midpoint for the yuan under a managed floating exchange rate system. The yuan can fluctuate within a +/- 2% range
Gold price goes up after falling to a one-week low. Worries about a trade war help gold because it is a safe investment. US President Trump's tariff plans make people uncertain. This uncertainty makes more people buy gold.
EURUSD, GBPUSD, USDJPY TECHNICAL OUTLOOK EURUSD: Price bounced off the 200-hour MA at 1.04567, currently at 1.0466. USDJPY: After falling below 149.078, USDJPY bounced to 149.66. A break below 149.078 would confirm a bearish bias. GBPUSD: The pair stalled above the 38.2% retracement at
US FEBRUARY CONSUMER CONFIDENCE FALLS SHORT OF EXPECTATIONS US February consumer confidence came in at 98.3, below the expected 102.5. Prior month's consumer confidence was 104.1. Present Situation Index rose to 136.5, up from 133.1 previously. Expectations Index fell to 72.9, down
GOLD FALLS TO LOWEST LEVEL IN A WEEK AFTER ITS BIGGEST LOSS IN TWO AND A HALF MONTHS Gold prices dropped sharply on Tuesday, hitting the lowest level in a week. Gold futures experienced their biggest daily loss since December 18, over nine weeks ago. Despite losses in the dollar
OIL SUFFERS BIGGEST LOSS IN 3 MONTHS, HITS LOWEST SINCE DECEMBER Oil prices fell sharply due to weak global demand concerns. Brent crude dropped 3.32%, settling at $72.39 per barrel. US WTI crude fell 2.80%, settling at $68.85 per barrel. Decline attributed to fears of tariff
AUD/USD remains weak, staying below 0.6350 during Asian trading on Wednesday. This is due to poor Australian economic data: lower-than-expected Construction Output and monthly CPI. The bad data increases expectations that the Reserve Bank of Australia (RBA) may cut rates. Risk-off sentiment is also putting pressure on the
US FEBRUARY CONSUMER CONFIDENCE FALLS SHORT OF EXPECTATIONS February consumer confidence came in at 98.3, below the expected 102.5. Prior reading was 104.1. Present Situation Index dropped to 134.3, down from the previous 134.9. Expectations Index fell to 83.9, down from 84.3. 12-month