Bank of Korea (BoK) Governor Rhee Chang-yong explained the reasons behind the interest rate cut decision in his post-policy meeting press conference on Tuesday. Additional takeaways Tuesday’s rate decision was unanimous. Interest rates for special loan programme also lowered. Four board members said current policy rates could be maintained for the next three months. Two board members … Read more
WTI price trades in positive territory near $70.80 in Tuesday’s early Asian session. The US rolled out new Iran-related sanctions, lifting the WTI price. Trump’s tariff plans and war in Ukraine remain in focus. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.80 during the early Asian session on Tuesday. The WTI price extends … Read more
US President Donald Trump said Monday that sweeping US tariffs on imports from Canada and Mexico “will go forward” when a month-long delay on their implementation expires next week. “The tariffs are going forward on time, on schedule,” Trump said Monday from the White House during a joint press conference with French President Emmanuel Macron. Market reaction At the … Read more
Gold-backed ETFs see biggest net inflows since 2022, supporting prices. Traders eye US economic data, including Core PCE inflation gauge this week. Signs of buyer exhaustion emerge as Gold hovers near all-time highs. Gold prices surged during the North American session after hitting a record high of $2,956 as the Greenback weakened and US Treasury … Read more
Mexican Peso slips as monetary policy divergence with Fed fuels further upside. USD/MXN climbs 0.14% to 20.43 as Banxico signals additional 50-bps rate cuts. Mexico’s Q4 GDP contracts by 0.6%, raising recession concerns. Traders eye Mexico’s Current Account, Balance of Trade, and jobs data this week. The Mexican Peso (MXN) slipped against the US Dollar … Read more
Market feels uncertain in light of Trump tariff rhetoric. The Home Depot will report earnings before the open on Tuesday. Salesforce and Nvidia will report earnings after the close on Wednesday. Wedbush Securities has lots to say about all three members of the Dow Jones index. The Dow Jones Industrial Average (DJIA) is winning … Read more