Australia’s Unemployment Rate rose to 4.1% in January from 4.0% in December, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus of 4.1%. Furthermore, the Australian Employment Change arrived at 44K in January from 60K in December (revised from 56.3K), compared with the … Read more
Gold hits new all-time high as Trump’s tariff threats fuel trade war fears. Fed minutes reveal concerns over inflation risks, weighing on rate-cut expectations. Traders eye US jobless claims and S&P Global Flash PMIs for further market cues. Gold prices retreated on Wednesday during the North American session after the latest Federal Reserve’s (Fed) monetary … Read more
Mexican Peso slumps 0.94% as risk sentiment turns bearish on trade fears. US President Trump targets autos, pharma and computer chips with 25% tariffs. US Dollar Index hits four-day high as Fed signals caution on rate cuts. Banxico-Fed policy divergence favors further MXN weakness; traders eye Mexico Retail Sales, Banxico minutes. The Mexican Peso lost … Read more
Loonie weakens amid Trump tariff fears, BoC rate-cut uncertainty USD/CAD stays firm above 1.4200 as risk aversion lifts US Dollar. Canada’s rising inflation may delay BoC easing, adding uncertainty. Traders await FOMC minutes for Fed’s stance on rate-cut timing. The Canadian Dollar (CAD) retreats against the US Dollar on Wednesday, with the USD/CAD pair remaining … Read more
EUR/USD declines to 1.0430 on Wednesday, marking its third consecutive daily loss. The pair has already shed more than 0.50% over the course of the week. RSI drops to 53, signaling fading bullish momentum, while MACD histogram shows decreasing green bars. The EUR/USD pair continued to pull back on Wednesday, shedding another 0.17% to trade around … Read more
The Minutes of the Fed’s January 28-29 policy meeting will be published on Wednesday. Details surrounding the discussions on the decision to keep policy settings unchanged will be scrutinized by investors. Markets see virtually no chance of a 25 bps Fed rate cut in March. The Minutes of the United States (US) Federal Reserve’s (Fed) … Read more