FX

Procter & Gamble stock sinks 4.75% on Friday. Dow Jones sheds 0.37% despite NASDAQ gains. BNP Paribas analyst cites volatility in US consumer staples category. US Retail Sales for January hit -0.9%, surpising market. Procter & Gamble (PG) stock was the worst performer in the Dow Jones Industrial Average (DJIA) on Friday. Normally a less

The US Dollar dives lower in the US Retail Sales aftermath and is set to close out the week at a loss.  Almost a full -1 % slide in headline Retail Sales for January spells domestic issues for President Trump.  The US Dollar Index (DXY) drops substantially below 107.00 and is on its way to

For as long as this set-up in gold persists, you have been better served by throwing caution to the wind, TDS’ Senior Commodity Strategist Daniel Ghali notes.  CTAs remain effectively ‘max long’ in Gold “This extremely positive set-up for Gold is underscored by currency depreciation pressures in Asia, which are acute enough to catalyze buying

US Retail Sales plunge 0.9% in January, missing forecasts. UK GDP surprises to the upside, boosting Pound momentum. GBP/USD eyes 100-day SMA at 1.2694 despite Fed-BoE policy divergence. The Pound Sterling (GBP) rallied for the fourth consecutive day on Friday, reclaiming the 1.2600 figure following a dismal United States (US) Retail Sales report that reflected American

GBP/USD rallies past 1.2600 as weak US Retail Sales sink the USD The Pound Sterling rallied for the second consecutive day on Friday, reclaiming the 1.2600 figure following a dismal US Retail Sales report that reflected American consumers cut their expenses. The GBP/USD trades at 1.2626, up over 0.50%. Read More… Pound Sterling gains further

EUR/USD extends gains, rising to 1.0500 on Friday, hitting its highest level since late January. The pair strengthens above the 20-day SMA, reinforcing a shift in sentiment toward the upside. Momentum indicators remain firmly bullish, with RSI climbing deep in positive terrain. EUR/USD continued its upward trajectory on Friday, climbing to 1.0500 and marking its highest

The Dow Jones index remained stuck below 44,750 on Friday. Retail Sales missed forecasts, prompting investor caution. The Dow is still poised to end the week in the green, but headwinds are building. The Dow Jones Industrial Average (DJIA) cooled on Friday, shedding around 160 points and waffling into the 44,600 region after US Retail Sales

The US Dollar Index fell close to 107.00 after Thursday’s sharp decline. US Retail Sales fell 0.9% in January, missing expectations and fueling rate cut speculation. US Treasury yields continue to decline with the 10-year yield below 4.50%. The US Dollar Index (DXY), which tracks the US Dollar’s performance against six major currencies, remains stable

The Australian Dollar remains steady as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 from 92.1 prior. The US Dollar appreciates amid the rising cautious mood surrounding the Fed’s policy outlook. The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on

The Pound Sterling recovers above 1.2400 against the US Dollar even though investors are cautious about US President Trump’s threat to raise tariffs on metals. BoE’s Pill sees strong wage growth as a major reason behind cautious interest rate guidance. Investors await BoE Bailey’s speech on Tuesday and Fed Powell’s testimony on Tuesday and Wednesday.

US Dollar (USD) drifted higher on tariff headlines. Trump just announced plans to impose 25% tariffs on steel and aluminium imports (no mention of effective date) and last Fri, he spoke about introducing reciprocal tariffs this week. DXY was last seen at 108.12 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.  Bearish momentum

Gold jumps over 1.5% on Monday after President Trump issued more tariff plans.  Traders go all-in on Gold as safe haven on precious metals.  Gold could hit $3,000 quite quickly at this pace. Gold’s price (XAU/USD) is jumping higher as buyers dig into the precious metal on Monday, printing several fresh all-time highs above $2,900 at the time of writing. The

The US Dollar trades fairly muted after more tariff comments from US President Donald Trump A 25% levy on all steel and aluminum imports from all countries will be applied.  The US Dollar Index (DXY) is going nowhere and trades around 108.00.  The US Dollar Index (DXY), which tracks the performance of the US Dollar

GBP/USD holds to earlier gains near 1.2450 post US jobs data The Pound Sterling registered gains versus the US Dollar on Friday following a softer-than-expected US Nonfarm Payrolls report. The GBP/USD seesawed within a 1.2418 – 1.2491 range and traded at 1.2451, up 0.15%. Read More… Pound Sterling gives up gains against USD after US NFP release The Pound

WTI crude oil surges as US labor market data fuels demand optimism. Nonfarm Payrolls miss expectations, but wage growth remains strong. The labor force participation rate edges higher, supporting the energy demand outlook. The West Texas Intermediate (WTI) crude oil prices climbed on Friday to around $70.80, buoyed by renewed optimism over energy demand following

Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee hit markets on an already-volatile Friday with more bad news, noting that inconsistent policy approaches from the US government cause a high level of economic uncertainty that make it difficult for the Fed to draw a bead on where the economy, and inflation specifically, are likely

According to the University of Michigan’s (UoM) Consumer Sentiment Index, American consumers are beginning to grow increasingly concerned about United States (US) President Donald Trump’s approach to economic policy and international trade. Trade war fears have knocked back consumer confidence, and consumer inflation expectations have also climbed. The Preliminary UoM Sentiment Index showed that aggregate

The US Dollar continued its slide on Wednesday, retesting multi-day lows against its peers amid a steady unravelling of positions and lingering uncertainty over Trump’s trade policies. Here is what you need to know on Thursday, February 6: The US Dollar Index (DXY) dropped for the third day in a row, extending the breakdown of