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EssentialSilver rebounded toward $38 per ounce on Friday, recovering from a two-day decline as the U.S. dollar and Treasury yields eased. The move reflected shifting sentiment on Fed policy and trade conditions after earlier losses sparked by inflation data that reduced hopes for near-term rate cuts. U.S. stock futures edged higher following record closes for the S&P 500...
Gold remained below $3,340 per ounce on Friday and was on track for its first weekly decline in three weeks. The metal faced pressure after stronger U.S. data, including a rebound in retail sales and a sharp drop in jobless claims, reduced the immediate need for Federal Reserve rate cuts. Fed Governor Adriana Kugler backed keeping rates steady for now, pointing to...
The yen rose to around 148 per dollar on Friday, recovering from the previous day’s decline as markets assessed fresh inflation figures. Japan’s inflation eased slightly to 3.3% in June from 3.5% in May but remained above the Bank of Japan’s 2% target for the 39th straight month. This persistent overshoot has intensified speculation about possible policy...
The British pound held near $1.339 on Friday, its lowest level in eight weeks, as the U.S. dollar strengthened. The dollar reached a three-week high after President Trump confirmed he would not remove Fed Chair Jerome Powell, despite continued criticism of the Fed’s careful stance on rate cuts. In the UK, markets are closely reviewing recent employment and...
The euro declined to $1.16 on Thursday, reaching its lowest level in almost a month as the U.S. dollar regained strength. The dollar’s rise followed solid U.S. inflation data and President Trump’s comments suggesting he will keep Fed Chair Jerome Powell in place, reducing expectations for near-term Fed rate cuts. Meanwhile, markets continued to monitor U.S.-EU...
Silver is hovering near $38 during Thursday’s Asian session as markets digest U.S.-EU trade developments and Fed inflation commentary. President Trump said deals with the EU and India are within reach, softening immediate trade fears. Still, the potential August 1 tariffs and inflationary risks continue to support silver’s appeal as a safe-haven asset. Fed...
GBP/USD slipped to 1.3390 during Thursday’s session, paring gains as investors await UK labor data. Strong UK inflation figures may support a hawkish BoE stance, though August’s rate decision could be shaped by slowing labor conditions. On the U.S. side, rising CPI has reinforced expectations for the Fed to hold rates steady. Fed officials Logan and Williams...
EUR/USD is pulling back toward 1.1620 in Thursday’s Asian session as markets await Eurozone HICP data, with eyes on US June retail sales later in the day. The dollar stays firm on expectations that the Fed will hold rates at 4.25%-4.50% in July amid tariff-driven uncertainty. President Trump announced plans to notify over 150 countries of a 10% tariff, possibly...
The Japanese yen weakened to around 148 per dollar on Thursday after disappointing trade data fueled concerns of a technical recession. June’s trade surplus came in at JPY 153.1 billion, well below the JPY 353.9 billion forecast and JPY 221.3 billion from a year earlier. Exports dropped 0.5% YoY, the second straight monthly decline, mainly due to the fallout from...
Silver traded around $38.10 during Tuesday’s Asian session after hitting a 14-year high of $39.13 on Monday. Safe-haven demand remained firm following Trump’s threat of severe tariffs on Russia unless a peace deal is reached within 50 days. Further fueling uncertainty, NATO confirmed a new weapons package for Ukraine. Meanwhile, Powell’s comments on inflation...
Gold edged higher to $3,350 on Tuesday after easing slightly the day before, driven by growing concern over U.S. trade policy. Trump issued formal letters to 25 countries confirming that new tariffs, including a 30% tax on imports from key partners like the EU and Mexico, will begin on August 1. Safe-haven flows supported gold prices with the rising geopolitical...
EUR/USD hovered near 1.1670 in Tuesday’s Asian session as markets awaited US-EU trade updates. Despite Trump’s 30% tariff announcement on EU imports, he confirmed that negotiations with Brussels are ongoing ahead of the August 1 deadline. According to Bloomberg, the EU is ready to respond with proportional tariffs targeting $84B (€72B) worth of US goods, including...
President Trump’s latest statements made headlines again, but market reactions have become more measured. The Dow declined slightly, while Asian markets presented mixed performances; Japan remained flat, Korea and Australia posted losses, and Taiwan outperformed. The US dollar strengthened as the yen weakened. Bitcoin recovered near $118,000 after dropping from...
The yen traded around 147.6 per dollar on Tuesday, close to a two-month low, as market sentiment remained fragile amid lingering trade tensions. The U.S. plans to impose 25% tariffs on Japanese exports starting August 1, but Tokyo hasn’t signaled retaliation. Talks between the two sides have stalled, and Japanese officials warn of potential economic fallout if the...
GBP/USD held around 1.3430–1.3435, just above a three-week low, with traders awaiting US CPI data for further clues on dollar direction. UK economic data remains soft, and BoE Governor Bailey signaled that deeper rate cuts may be on the table if the labor market weakens further. He emphasized growing economic slack, which could help bring inflation down....
EUR/USD hovered near 1.1670 in Tuesday’s Asian session as markets awaited US-EU trade updates. Despite Trump’s 30% tariff announcement on EU imports, he confirmed that negotiations with Brussels are ongoing ahead of the August 1 deadline. According to Bloomberg, the EU is ready to respond with proportional tariffs targeting $84B (€72B) worth of US goods, including...
Silver remains steady just below $37.00, hovering around $36.80 in Tuesday’s Asian session after a sharp rebound from the $36.15 level seen late Monday. The metal continues to trade in a tight range as conflicting market signals keep traders cautious. Global trade tensions and geopolitical uncertainties, fueled by the U.S.’s upcoming tariffs on multiple countries...
Gold (XAU/USD) rebounded from a five-day low of $3,297, climbing toward $3,350 after Trump announced 25% tariffs on Japan and South Korea effective August 1, with 12 more countries receiving similar tariff warnings ranging between 25% and 40%. The rising risk of a global trade war fueled safe-haven demand, though gold’s gains were capped by simultaneous US Dollar...