Author: FX

In case you were too busy cheering Bam Adebayo beating Kobe Bryant’s record for the second-highest scoring game in NBA history, you should know that the U.S. dollar is climbing while almost everything else is struggling. Behind the move are two powerful forces working at the same time: global uncertainty pushing investors toward safety and tariff policy adding a structural layer of support underneath. To understand why the dollar keeps winning, you need to understand how both of these forces work and why they’re so often triggered by the same headlines. The Basics: Fresh U.S. Tariff Threats The Trump administration…

USD/CHF is knocking on a key resistance zone after weeks of strength! Are we looking at an upside breakout in the making? Or will dollar bears step in to limit the Greenback’s gains? USD/CHF Daily Forex Chart Faster with TradingView The U.S. dollar has been king of pips several times in the past few days, as the U.S.-Israel war on Iran keeps safe haven demand elevated while tariff jitters and U.S. data point to a less dovish Fed. The Swiss franc is also seeing haven flows, but gains have been capped by Swiss National Bank (SNB) currency intervention threats and…

West Texas Intermediate (WTI) oil price holds slight losses after surging more than 9% in the previous session, trading near $95.20 per barrel during the Asian hours on Friday. Oil prices declined after Chris Bowen, Australia’s Energy Minister, said the country would release up to 762 million litres of fuel from reserves after easing stockholding rules to address supply disruptions linked to the Iran conflict.The Australian government also plans to reduce minimum fuel stockholding requirements by up to 20% to help stabilize domestic supply. Despite this measure, Oil prices may continue rising following the effective closure of the Strait of…

U.S. Treasury grants one-month window to sell Russian oil cargoes already loaded before new sanctions.Summary:U.S. Treasury issued a new Russia-related general license.License allows sale of Russian crude and petroleum products already loaded as of March 12.Transactions can continue until 12:01 a.m. ET on April 11.Measure provides a wind-down period for cargoes already in transit.Aims to prevent disruption to global oil shipments and logistics.The United States has issued a new sanctions-related general license allowing a temporary wind-down period for certain Russian oil cargoes already in transit.According to a notice published on the U.S. Treasury Department’s website, the license permits the sale…

Gold price (XAU/USD) faces some selling pressure near $5,090 during the early Asian session on Friday. The precious metal extends the decline amid a stronger US Dollar (USD) and higher Treasury yields. The release of the US Personal Consumption Expenditures (PCE) Price Index report for January will take center stage later on Friday. Iran’s new supreme leader, Mojtaba Khamenei, said that the crucial Strait of Hormuz should remain closed and that Iran will continue attacks on its Persian Gulf neighbors, per Bloomberg. US President Donald Trump called Iran “a nation of terror and hate” and said the situation is “moving along…

Markets tumbled on Thursday as escalating US-Iran conflict drove Brent crude above $100 for the first time since 2022, while signs of stress in the $1.8 trillion private credit market triggered sharp selling in financials and pushed the S&P 500 to its lowest levels since November. The dollar rallied to near two-month highs as traders pared back Federal Reserve rate cut expectations amid rising inflation concerns tied to the energy shock. Check out the forex news and economic updates you may have missed in the latest trading session! Forex News Headlines & Data: New Zealand Manufacturing Sales for December 31,…

Here are the major earnings before the open Friday Source link

There was a time when a $65 drop in gold was blockbuster news for the precious metals market, now it’s the usual daily volatility. That’s in part because the market is more lively but it mostly reflects the law of big numbers in that at $5108, a $65 is just a 1.2% decline.Zooming out, the chart shows why as today’s price action is within the weekly range and certainly within the March range of $5000-$5400.Those are the levels to watch and I tend to think that any move inside of that is noise. The bearish argument for gold is:A strong…

HSBC stresses stable income as crucial in the current environment and maintains bonds as a core portfolio component. With inflation largely contained and rate-cut cycles nearing completion, the bank prefers UK gilts, Australian government bonds and selected emerging market debt, favouring investment grade over high yield and medium-to-long duration in EUR and GBP, while keeping medium duration in USD.Income strategies across sovereign and credit”Stable income is critical in an evolving financial and geopolitical landscape, both as a source of returns and a means to reduce portfolio volatility, supporting bonds as a key portfolio component in both good and bad times.””We’re…

Prior was -1.30BExports 62.48B vs 65.55B priorImports 66.13B vs 66.85B priorCanada’s merchandise exports decreased 4.7%, while imports were down 1.1%. The 4.7% decline is the largest percentage decline since April 2025. Exports of motor vehicles and parts fell 21.2% to $5.4 billion in January, the lowest level since September 2021. Changes in the models produced resulted in prolonged seasonal production stoppages in January, which strongly affected exports of passenger cars and light trucks so there should be some rebound ahead.There was also a slowdown in gold exports but that’s a lumpy category and also doesn’t reflect any kind of change…