FX

The Aussie extends its losing streak by about 0.54%, slipping near 0.6200 and approaching multi-week lows. A six-day decline sees the pair break below the 20-day Simple Moving Average, reinforcing short-term seller strength. Traders assess fresh tariff escalations, with President Trump threatening an extra 10% levy on Chinese imports. PCE data from the US from

Gold drops over 1% Friday as USD strengthens, hitting 10-day high at 107.66. XAU/USD falls to $2,845 as Fed rate-cut bets rise Trump confirms 25% tariffs on Mexico and Canada, fueling market uncertainty. Fed expected to cut rates by 70 bps in 2025 with first cut projected for June. Gold extended its losses on Friday,

The US Dollar is heading sideways on Friday after the US PCE reading for January.  Traders saw no surprises in the PCE numbers which were in line of expectations.  The US Dollar Index (DXY) locks in Thursday’s gains above 107.00 and tries to hold the level before heading into the weekend. The US Dollar Index (DXY),

Short Term Elliott Wave View in FTSE suggests that cycle from 11.13.2024 low is in progress as a 5 waves impulse. Up from there, wave ((i)) ended at 8388.37 and pullback in wave ((ii)) ended at 8002.34. Wave ((iii)) higher subdivided into another 5 waves in lesser degree. Up from wave ((ii)), wave (i) ended

EUR/USD extends its decline, hitting its lowest level in two weeks. RSI continues to weaken in negative territory, reflecting intensifying bearish momentum. The EUR/USD pair suffered a sharp decline on Thursday, sinking to its lowest level in two weeks as sellers took control following yet another failure at the 100-day Simple Moving Average (SMA). This

Gold prices fell in United Arab Emirates on Thursday, according to data compiled by FXStreet. The price for Gold stood at 342.63 United Arab Emirates Dirhams (AED) per gram, down compared with the AED 344.37 it cost on Wednesday. The price for Gold decreased to AED 3,996.43 per tola from AED 4,016.62 per tola a

GBP/USD climbs another quarter of a percent to reach new 10-week highs. Cable traders are pushing the pair into 1.2700 despite thin headlines. No news is good news as the UK looks set to continue coasting and BoE is set for three more rate cuts. GBP/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700

Gold prices remained broadly unchanged in United Arab Emirates on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 344.14 United Arab Emirates Dirhams (AED) per gram, broadly stable compared with the AED 343.96 it cost on Tuesday. The price for Gold was broadly steady at AED 4,014.00 per tola from

Trump Trade Advisor Peter Navarro hinted at the possibility of yet more tariff exemptions during an interview on CNBC on Tuesday. Trade Advisor Navarro’s comments, while welcome by markets, contradict statements from other Trump administration policymakers who have already earmarked planned tariffs as a potential funding source to plug the upcoming holes in team Trump’s

The Indian Rupee weakens in Tuesday’s Asian session.  Renewed US Dollar demand and persistent foreign outflows continue to weigh on the INR.  The Conference Board’s Consumer Confidence is due later on Tuesday.  The Indian Rupee (INR) edges lower on Tuesday. The local currency remains under pressure amid US Dollar (USD) demand from oil companies and

The US Dollar steadies after an earlier wild ride as a flood of geopolitical news erupts this Monday. In Germany, the far-right AfD party is outpaced by the CDU.  The US Dollar Index (DXY) has recovered a near 0.50% loss andd trades marginally higher at the time of writing. The US Dollar Index (DXY), which tracks

The Australian Dollar advanced as the Chinese government announced its annual policy statement for 2025 on Sunday. The AUD struggled as Trump instructed the Committee on Foreign Investment to limit Chinese investments in the US. The US Dollar struggles following the downbeat US economic data released last week. The Australian Dollar (AUD) retraces its recent losses

Mexico’s Q4 GDP contracts for the first time since 2021. Banxico slashes 2025 growth outlook to 0.6%, well below Finance Ministry projections. US data mixed: Manufacturing PMI improves but Services PMI falls into contraction. The Mexican Peso (MXN) lost some ground against the US Dollar (USD) on Friday as the Mexican economy decelerated in the

Gold touches all-time high of $2,954 amid trade policy uncertainty. Trump expands tariffs to lumber and soft commodities, adding market jitters. US data mixed: Manufacturing PMI improves, but Services PMI contracts. Gold price slides late on Friday, poised to end the week positively, accumulating eight straight weeks of gains that pushed the yellow metal to

GBP/USD slips after hitting record high past 100-day SMA GBP/USD registers losses on Friday during the North American session after testing the 100-day Simple Moving Average (SMA) at 1.2658. Good economic data from the United Kingdom (UK) pushed the pair towards year-to-date (YTD) highs of 1.2678 before stabilizing at current spot prices. The pair exchanges hands

UnitedHealth Group stock slides hard as DOJ opens investigation. Government probe involves possible fraudulent overcharging of Medicare Advantage plans. UNH stock slides as low as 438.50, a 10-month low. Health insurer calls allegations “false” and “outrageous”. UnitedHealth Group (UNH) stock crashed on Friday morning in light of a new United States (US) Department of Justice (DOJ) probe

The latest flash estimate shows the US S&P Global Composite PMI dropped to 50.4 in February, down from 52.7 in January. This points to a weaker expansion in overall business activity across the private sector. Meanwhile, the S&P Global Manufacturing PMI edged higher from 51.2 to 51.6, still indicating that manufacturing is expanding. In contrast,

The Indian Rupee gathers strength in Friday’s Asian session.  Significant US Dollar sales and easing concerns on trade tensions underpin the INR.  The preliminary Indian and US PMI reports for February will be the highlights later on Friday.  The Indian Rupee (INR) gains ground on Friday after reaching a one-week high in the previous session.