Gold price drifts higher in Wednesday’s early Asian session. Trade war concerns among investors boost the safe-haven flows, benefiting the Gold price. Investors brace for The US January New Home Sales and Fedspeak later on Wednesday. The Gold price (XAU/USD) recovers some lost ground after reaching a one-week low in the previous session. The uncertainty … Read more
WTI price edges lower to around $69.00 in Wednesday’s early Asian session. Worries about Trump’s push for trade tariffs weigh on the WTI price. Crude oil inventories in the US fell by 640,000 barrels last week, according to the API. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.00 during the early Asian … Read more
USD/CAD gains ground to around 1.4315 in Tuesday’s late American session. Fresh tariff concerns and lower crude oil prices drag the Canadian Dollar lower. The US CB Consumer Confidence Index fell to 98.3 in February. The USD/CAD pair extends the rally to near 1.4315 during the late American session on Tuesday. The Canadian Dollar (CAD) … Read more
Mexican Peso steadies as market sentiment remains bearish on trade risks. Trump confirms tariffs on Mexico are moving forward, pressuring the Peso. Banxico signals further 50 bps rate cuts as inflation nears the 3% target. US-Mexico trade talks continue, with a potential breakthrough expected Friday. The Mexican Peso (MXN) recovers from earlier losses and turns … Read more
The US Dollar remained well on the defensive, dropping to the area of multi-week lows as investors’ jitters over the health of the US economy gathered extra steam, while uncertainty around tariffs also contributed to the cautious stance. Here is what you need to know on Wednesday, February 26: The US Dollar Index (DXY) left … Read more
The Dow Jones tested fresh lows on Tuesday but remained stuck near 43,500. Investor confidence was dealt a blow after consumer confidence slipped further. Signs of a widespread economic slowdown are growing, inflation figures still loom ahead. The Dow Jones Industrial Average (DJIA) knocked slightly lower on Tuesday, dipping to a fresh multi-week low of 43,285. … Read more