Jan 21 2025, 10:36 EUR/USD remains in negative territory after paring recent losses, trading around 1.0380 during Asian hours on Tuesday (1/21). The euro (EUR) remains under pressure as dovish expectations for the European Central Bank (ECB) continue to dominate. Markets are pricing in a 25 basis point (bps) interest rate cut at each of…
Jan 21 2025, 10:41 Gold prices rose above $2,720 an ounce on Tuesday (1/21), extending gains from the previous session as investors remained focused on the potential impact of U.S. President Donald Trump’s policies during his second term. Trump said he may impose 25% tariffs on Mexico and Canada starting early next month, although he…
Jan 21 2025, 14:27 Here’s What You Need to Know on Tuesday, January 21: After falling sharply on the first trading day of the week, the US Dollar Index (USD) benefited from deteriorating risk sentiment and gathered bullish momentum on Tuesday (1/21). The European economic docket will feature the ZEW Survey data – Economic Sentiment…
Jan 20 2025, 08:43 Gold (XAU/USD) prices extended its decline to near $2,695 during the early Asian session on Monday (1/20). A stronger US dollar (USD) ahead of President-elect Donald Trump’s inauguration exerted selling pressure on the yellow metal. Analysts expect gold prices to face volatility ahead of Trump’s inauguration. Traders will be watching developments…
Jan 20 2025, 08:10 Oil prices rose in early Asian trade on the prospect of fresh supply disruptions, ANZ research analysts said in a commentary. New US sanctions on Russia’s oil industry prompted many buyers to look for alternatives, analysts said. However, the recent gains may be short-lived as Trump has vowed to end the…
Jan 20 2025, 09:59 The dollar weakened against major currencies on Monday as traders braced for a series of policy announcements following Donald Trump’s inauguration. Markets are focused on his plans to raise tariffs, tighten immigration, lower taxes and increase deregulation, which are expected to have an impact on inflation. However, trading volumes are expected…
