Gold prices fell in Malaysia on Thursday, according to data compiled by FXStreet. The price for Gold stood at 415.42 Malaysian Ringgits (MYR) per gram, down compared with the MYR 416.10 it cost on Wednesday. The price for Gold decreased to MYR 4,845.43 per tola from MYR 4,853.27 per tola a day earlier. Unit measure … Read more
NZD/USD extends its winning streak due to improved risk sentiment. White House announced that automakers will be temporarily exempt from newly imposed tariffs on Mexico and Canada for one month. China’s spokesperson stated that China is prepared to fight “any type” of war in response to escalating trade tariffs. NZD/USD continues its upward momentum for … Read more
Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, stated on Thursday that it will not give discounts on its crude oil to US buyers because of tariffs. Pemex is in talks with potential buyers in Asia and Europe, as it seeks alternative markets for its crude after US President Donald Trump imposed 25% tariffs on goods … Read more
EUR/USD scorched the charts on Wednesday, rising 1.75%. Markets are tilting into the bullish side ahead of the ECB’s latest rate call. Key US NFP figures still loom ahead, but tariff pivots are a welcome relief for markets. EUR/USD surged on Wednesday, climbing 1.75% and knocking on the 1.0800 handle as risk sentiment rises following … Read more
The Dow Jones gained 470 points from Tuesday’s tumble. Equities remain tepid as investors hope for signs of easing trade war tensions. Services PMI figures beat the street, but ADP payrolls figures missed the mark. The Dow Jones Industrial Average (DJIA) bounced from this week’s steep two-day plunge, recovering ground as investors try to prop the … Read more
The downtrend in the US Dollar gathered extra steam on Wednesday, fuelled by concerns over the US economy and some renewed hopes that the Trump administration could delay some planned tariffs. Here is what you need to know on Thursday, March 6: The US Dollar Index (DXY) broke below the 105.00 support, reaching news four-month … Read more