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USD/JPY surged above 160.00 earlier: While the trend in USD/JPY has been persistently higher, easily obliterating all the ‘lines in the sand’ that have been confidently talked about, today’s sharp move has been blamed on two main factors: stop loss buying around 160, which was a big round number barrier option triggers also circa 160

Gold prices edged down on Monday as a steady U.S. dollar made bullion less affordable for overseas buyers, while investors awaited further clues on when the U.S. Federal Reserve would deliver its first interest rate cut. FUNDAMENTALS * Spot gold fell 0.3% to $2,328.20 per ounce as of 0112 GMT. U.S. gold futures were down

UPCOMING EVENTS: Tuesday: Japan Industrial Production and Retail Sales, Australia Retail Sales, China PMIs, China Caixin Manufacturing PMI, Eurozone CPI, Canada GDP, US ECI, US Consumer Confidence. Wednesday: New Zealand Jobs data, Canada Manufacturing PMI, US ADP, Treasury Refunding Announcement, US ISM Manufacturing PMI, US Job Openings, FOMC Policy Decision. Thursday: Switzerland CPI, Swiss Manufacturing

Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve‘s interest rate path. FUNDAMENTALS * Spot gold was flat at $2,317.03 per ounce, as of 0118 GMT, trading in a $4 range. Bullion’s March to April rally drove it up by

The weakening yen is unpopular in Japan and pressure is mounting on politicians for action but there are no easy answers. I spoke with BNNBloomberg about the issues: 1) Rate differentials are the driver. You can buy a 10-year Japanese government bond and get 0.9% per year or buy a US 10 and get 4.7%.

Spot gold closed with a gain of 0.27% at $2338 Friday. However, the metal posted its first weekly decline in six on inflation concerns as the US inflation data remained elevated. The metal fell 2.20% on the weekly closing basis. The ten-year US yields at 4.67% were around 1% lower Friday; however, yields were up

The JPY pairs all rose sharply (JPY lower) as JPY selling continued after the BOJ rate decision. The comments from BOJ Ueda did not strike any fear in traders hearts, after saying that the JPYs fall could lead to higher inflation, but expressed no concerns about its fall. After, an initial dip soon after the

Copper and aluminium, the most used industrial metals, have gained substantially in the past few weeks. The rally was associated with supply uncertainties and a notable increase in global demand. The Western ban on Russian metals, hopes of US rate cuts, and diversification of holdings of central banks also uplifted the sentiments. Copper futures are

Last week’s market activity was shaped by several significant themes. Firstly, the Japanese Yen’s rapid decline caught market participants off guard. The sell-off was exacerbated by what many considered tepid verbal interventions from Japanese officials. Current momentum suggests that the Yen’s free fall is far from over. The key is whether Japan will step up

At ForexLive, we work in the news business and I make it our mission to deliver news and analysis that can help people make money in financial markets, or at least understand what’s going on. I’ve always gravitated towards financial news because it’s the one industry where there’s a scorecard. You can still get away

Gold prices edged lower on Friday and were set for a weekly decline as investor attention turned to key U.S. inflation data for cues on the Federal Reserve‘s interest rate trajectory. FUNDAMENTALS * Spot gold dipped 0.1% to $2,331.15 per ounce as of 0136 GMT. Prices are down nearly $100 from the all-time high of

Japanese Yen resumes its free fall today, after a brief pause, and reaches new 34-year low against Dollar. Yen’s weakness is also broad-based and evident against other major currencies, with EUR/JPY marching towards its 2008 high and GBP/JPY heading to its 2015 peak. It’s clear that the absence of strong verbal interventions from Japanese officials

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

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Dollar remains stable in early US session despite release of another set of persistently high inflation figures. The strong rebound in DOW futures suggest that investors are somewhat relieved to see no disastrous surge in inflation rates. Additionally, robust spending growth appears set to continue bolstering the US economy, even as Fed is set to

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Oil prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary’s comments that the country’s economy is likely in a stronger position than indicated by weak first-quarter data, coupled with supply concerns as conflict continues in the Middle East. Brent crude futures gained 34 cents, or 0.38%, to $89.35

Japanese Yen’s accelerated decline captured significant attention in Asian session, while the broader currency markets remained generally stable. Market participants interpret the apparent lack of urgency from Japanese officials to address Yen’s fall as a tacit approval for its continued depreciation. This perspective gains significance following the recent trilateral meeting between Japan, South Korea, and