Gold (XAU/USD) price extends its gains on Friday, edging up 0.89% as Oil prices eased despite renewed concerns of supply shortages and despite a week that featured a rate hike by the Federal Reserve (Fed), which pushed …
Silver (XAG/USD) trades on the front foot on Friday as the US Dollar reverses its intraday gains, with traders booking profits following the Greenback’s strong weekly advance. At the time of writing, XAG/USD trades arou…
The Dow Jones Industrial Average trades near 51,500, back at the level where Wednesday's selling stopped, which means Thursday's rebound is gone. The selling ran one way down from the session high, and every level that …
USD/JPY advances sharply on Friday, trading around 156.95 at the time of writing, up 0.63% on the day. The pair has pulled back after reaching a daily high of 158.06 earlier in the day. The Japanese Yen (JPY) weakens si…
On Friday, Kansas City Federal Reserve (Fed) President Jeffrey Schmid said he supported the rate hike, as “recent data suggest inflation trending above 3%.” Schmid added that tightening policy is a step toward achieving…
The Bank of Japan (BoJ) raised its rate to 1.25% on Friday and the Yen weakened anyway. The Dollar Index ran to its highest level since late July on that and has given the move back, trading just above 100.30. The Euro …
The Canadian dollar is at risk of dropping below 70 cents U.S. amid surging demand for the greenback as markets reprice the expectation that the United States Federal Reserve will hike rates instead of cutting them.
Brown Brothers Harriman’s (BBH) Elias Haddad highlights pronounced Japanese Yen (JPY) underperformance, with USD/JPY near 158.00 after a Bank of Japan rate hike to 1.25%. The Bank of Japan (BoJ) signaled cautious tighte…
Silver (XAG/USD) trades higher for the second consecutive day on Friday, reaching session highs above $67.00 after bouncing from lows near $62.00 earlier this week. Precious metals have drawn support from a moderate rev…
OCBC strategist Christopher Wong notes that the Bank of England (BoE) kept Bank Rate at 3.75% in a 6–3 vote while highlighting a more challenging inflation backdrop, with Consumer Price Index (CPI) seen near 3.75% in Q4…
The Euro (EUR) is down 0.12% to near 1.1460 against the US Dollar (USD) during the European trading session on Friday. The major currency pair is under pressure as the US Dollar extends the advance due to firm expectati…
Gold (XAU/USD) struggles to move above the $4,400 level on Friday as the Federal Reserve’s (Fed) hawkish policy outlook keeps the US Dollar (USD) firmly bid. Still, the metal is on track for its first weekly gain in thr…
ING’s Frantisek Taborsky reports that the Bank of Japan delivered a 25bp hike to 1.25% in a split decision, acknowledging persistent inflation risks but with notable dissent. The Yen weakened after the dovish statement,…
EUR/GBP inches lower after three days of gains, trading around 0.8590 during the Asian hours on Friday. The currency cross is facing downward pressure as the British Pound (GBP) gains momentum following stronger-than-ex…
The Indian Rupee (INR) opens sharply higher against the US Dollar (USD) on Friday, with the USD/INR pair correcting to near 95.75 from an over seven-week high of 96.10 posted the previous day. The Indian currency capita…
Based on today’s trading level, EUR/USD would gain 13.5% this year if we are to close at around today’s level, the biggest annual increase since 2017 – coincidentally also the first year of Trump’s first term in office.…
USD/JPY does not trade Tokyo in isolation. It trades the distance between the Honkan and the Eccles Building, and Japan can take rates to a multi-decade high while the yen still weakens if traders believe the Fed is cli…
United Overseas Bank’s (UOB) Quek Ser Leang highlights that GBP/USD remains under pressure after four consecutive daily declines, though short-term momentum has not intensified. Intraday, the British Pound (GBP) is expe…
The USD/JPY pair trims a part of strong intraday gains to a two-week high, though it holds comfortably above mid-156.00s during the post-meeting Bank of Japan (BoJ) press conference.
Silver price (XAG/USD) gains ground for the second successive day, trading around $65.80 per troy ounce during the Asian hours on Friday. Non-yielding Silver gained support as falling oil prices helped ease inflation co…
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $96.40 per barrel during the Asian hours on Friday. Crude oil prices have declined as concerns over Middle East supply…
The USD/CAD pair oscillates in a narrow band during the Asian session on Friday, trading below the 1.4000 psychological mark or the highest level since August 7, touched earlier this week. Nevertheless, spot prices rema…
The USD/JPY pair attracts fresh buyers during the Asian session on Friday and currently trades above the 156.00 mark, near a two-week high as traders await the outcome of a two-day Bank of Japan (BoJ) meeting.
OCBC strategist Christopher Wong highlights that Singapore Dollar (SGD) remains largely driven by the broader Dollar story after the FOMC, given its high sensitivity to USD moves.