Author: FX
Central banks took center stage this week, delivering a quick lesson on how shifting policy divergence can send currency traders scrambling to adjust positions. The Federal Reserve’s Wednesday rate cut became the week’s defining moment—not just for the quarter-point reduction itself, but for Chair Powell’s surprisingly characterization of inflation as primarily tariff-driven and transitory. That messaging triggered broad dollar weakness that persisted through Friday, even as some Fed officials pushed back with hawkish commentary. Meanwhile, European Central Bank members made waves by suggesting rates have reached a floor, the Reserve Bank of Australia hinted at potential February tightening, and the…
The currency markets finished the week on a mixed note. While the US Dollar found support against risk-sensitive currencies like the Australian and New Zealand Dollars—mirroring the sell-off in the Nasdaq—it struggled to gain ground against the Euro and Canadian Dollar. The greenback’s performance reflects a market caught between “safe-haven” flows and specific regional strength.Closing LevelsEUR/USD: 1.1740 (+0.02%) – The Euro managed a marginal gain against the dollar.USD/JPY: 155.82 (+0.16%) – The pair pushed higher, with the dollar showing strength against the Yen.GBP/USD: 1.3363 (-0.17%) – The Pound was one of the day’s underperformers, sliding back below the 1.34 handle.USD/CHF:…
End of Day Market Summary: Tech Sector Weighs on Wall StreetUS stocks closed lower to end the trading week, as a sharp selloff in the technology sector dragged down the broader market. While the Dow Jones Industrial Average managed to secure a gain for the week, the S&P 500 and Nasdaq succumbed to profit-taking and “margin anxiety” in high-flying AI names.Index Closing LevelsDow Jones Industrial Average (DJI): 48,458.05 | -245.96 (-0.51%)S&P 500 (SPX): 6,827.41 | -73.59 (-1.07%)Nasdaq Composite (IXIC): 23,195.17 | -398.69 (-1.69%)Weekly Performance Recap Despite Friday’s dip, the industrial-heavy Dow held onto its strength for the week, while tech…
In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.When asked if Kevin Warsh was at the top of the list Trump said “Yes, I think he is. I think you have Kevin and Kevin. They’re both—I think the two Kevins are great,” he said. “I think there are a couple of other people that are great.”The article mentioned that Warsh was grilled over a 45 minute meeting…
Silver prices plunges after hitting an all-time high (ATH) of $64.65 losses 2.75% as investors book profits ahead of the weekend, as Federal Reserve officials remain divided about future monetary policy meetings. At the time of writing, XAG/USD trades at $61.84.XAG/USD Price Forecast: Technical outlookThe grey metal remains upward biased but in the short-term could be headed for a retracement. Price action shows the formation of a ‘bearish engulfing’ candle chart pattern, an indication that sellers outweigh buyers. Nevertheless, there are signs of a potential negative divergence as the Relative Strength Index (RSI) it reaches a lower peak while the…
In an exclusive interview with The Wall Street Journal, President Trump revealed he is leaning toward nominating either former Fed governor Kevin Warsh or National Economic Council Director Kevin Hassett as the next Federal Reserve Chairman. Trump emphasized that his choice must be willing to lower interest rates and consult with him on monetary policy.Key Takeaways:Top Contenders: Trump confirmed that Kevin Warsh and Kevin Hassett are at the top of his list, referring to them as “the two Kevins.” While Hassett was recently viewed as the front-runner, Trump stated that Warsh remains a top candidate.Consultation on Rates: Breaking from recent…
A Week of Two HalvesThe USDJPY has settled the North American session marginally higher on the day, capping off a week defined by up-and-down volatility.The Lows: Sellers controlled the early action, pushing the price to a weekly low of 154.89 during Monday’s session.The Highs: Buyers fought back mid-week, driving the pair to a peak of 156.95 late Tuesday into early Wednesday.The Settle: As the dust settles, the price is currently trading near 155.81. Interestingly, this is almost perfectly aligned with the 155.92 midpoint of the entire week’s trading range, signaling a market in equilibrium as traders head into the weekend.The…
Weekly Price ActionCrude oil futures settled the week on a soft note, closing at $57.44, down $0.16 or -0.28% for the day. For the week, the commodity saw significant selling pressure:Weekly Change: Down -4.54%, a decline of $3.12.The Highs: The week’s high was reached on Monday at $60.30.The Lows: Sellers pushed the price to a weekly low of $57.01 during Thursday’s trade.The Fundamental StoryThe sharp 4.5% drop this week was driven by a “perfect storm” of bearish supply data and easing geopolitical risk premiums that overpowered localized disruptions.The Supply Glut Narrative: The primary weight on prices this week was the…
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.Bullion trims gains ahead of the weekend, but remains supported by Fed uncertainty, weak dataThe US economic docket was light, yet Federal Reserve officials crossed the wires. Two of the three dissenters expressed concerns about inflation remaining too high, specifically amid a period of scarce economic data, particularly the Consumer Price Index (CPI),…
Antonio BordunoviSeeking Alpha’s roundup of statements, announcements, and remarks that could impact markets, sectors, or individual stocks. Nvidia (NVDA) is reportedly eyeing boosting production capacity for its H200 AI chips due to strong demand for the product in China. Leading Chinese Source link