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Forex
GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar
GBP/USD breaks above 1.3500 and trades near 1.3538, the highest level since February 2022.UK Retail Sales jump 1.2% MoM and 5% YoY in April, beating…
Dow Jones Industrial Average pares intraday losses but renewed tariff threats weigh on investors
The Dow Jones fell on Friday, shedding 780 points at its lowest.Relief from tariff threats is over as the trade policy cycle begins anew.Markets pared back…
WTI Crude Oil trades above $61.00 with prices consolidating in a tight range
WTI reclaims $61.00 to trade in a tight range between the 10-day and 20-day SMA.Oil prices remain under pressure amid an uncertain economic backdrop, but…
US Dollar Index dives to two-week low on Trump’s tariff threats and fiscal jitters
DXY tumbles below 99.50, down 1.8% for the week amid broad risk-off sentiment.Trump threatens 50% tariffs on EU goods, 25% on Apple products made…
EUR/USD snaps back above 1.1300 as Trump’s tariff salvo roils markets
EUR/USD dips to 1.1296 after Trump announces steep tariffs on EU imports starting June 1.The pair rebounds to 1.1350 as US Dollar stays pressured by rising…
NZD/USD surges toward 0.6000 amid resilient Retail Sales figures and USD weakness
New Zealand Dollar surges as Retail Sales and US Dollar weakness drive gains.Trump’s 50% tariff threat on EU imports adds to diminishing growth prospects for…
President Trump adds Samsung to his wishlist of tariffs targeting individual companies
During statements made to the press during his weekly Executive Order signing, United States (US) President Donald Trump added further tariff commentary,…
Canadian Dollar soars as markets pull away from Greenback on Friday
The Canadian Dollar gained a full percent against the US Dollar.The Loonie climbed to seven-month peaks against the USD as trade threats resume.Canadian…
USD: Investors continue to re-evaluate ‘US exceptionalism’ – Rabobank
US treasuries appear to have drawn some comfort today from the Supreme Court’s ruling that the unique structure of the Fed may protect its board members from…
USD/JPY: Bearish bias on the daily charts – OCBC
USD/JPY continued to trade lower, tracking USD and UST yields lower. Last at 142.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.…