Author: FX
Gold (XAU/USD) price rallies for the fourth consecutive trading day on Wednesday, up by more than 1.40% and hitting a record high of $4,218 as the trade-war escalates and geopolitical uncertainty pushes investors to the safe-haven metal.Bullion soars to fresh record amid geopolitical turmoil, dovish Fed tone and mounting global uncertaintyUncertainty over the trade agreement between Washington and Beijing keeps the Bullion bullish trade in play. US President Donald Trump said that he was considering cutting some trade ties with China after both countries imposed port fees this week.Year to date, the Gold price has risen over 60%, due to…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The Japanese Yen (JPY) trades on the front foot against the US Dollar (USD) on Wednesday, with USD/JPY extending losses for a second straight day as the Greenback weakens under pressure from escalating US-China trade tensions and a dovish Federal Reserve (Fed) outlook.At the time of writing, USD/JPY is trading around 151.30, down nearly 0.35% on the day and retreating from last week’s eight-month high near 153.27.Trade tensions between the United States (US) and China continue to dominate market sentiment this week after flaring up late Friday, when President Donald Trump unsettled investors by announcing plans to impose 100% tariffs…
Janina Steinmetz/DigitalVision via Getty ImagesOilseed and related agriculture stocks are climbing Wednesday following President Trump’s threat to sever business ties with China and increase U.S. cooking oil production. In a Truth Social post on Tuesday, Trump accused Beijing of “purposefully not buying our Soybeans, and causing difficulty Source link
If you’ve been watching your trading screens over the past few days, you probably felt like you were on a roller coaster designed by someone with a twisted sense of humor. One minute, markets are partying like it’s 1999. The next, they’re face-planting harder than a crypto bro at a bear market convention. Here’s what just went down: The fragile “situationship” between the world’s two economic superpowers, the U.S. and China, faced major red flags over the last 48 hours, sending shockwaves through every major asset class from currencies to commodities, stocks to crypto. We’re talking gold…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: investingLive is not an investment advisor, investingLive provides references and…
The Pound Sterling (GBP) underperformance yesterday was contained mostly to against the core G10 currencies with the risk-off sentiment resulting in the high-beta G10 currencies like NOK and AUD performing worse. But EUR/GBP did have its largest one-day gain since 16th September as investors started to position for the potential for the BoE to ease sooner than expected. The 2-year Gilt yield dropped 5bps yesterday with the prospects of a rate cut before the end of the year increasing from a 20% probability to a 40% probability over the last three trading days, MUFG’s FX analyst Derek Halpenny reports. Market…
Fundamental OverviewGold extended the rally into yet another all-time high today given the lack of bearish catalysts. The uncertainty around the recent renewed US-China trade war also added further support to the market. The market has just been driven by inertia lately as we haven’t got not even one single bearish catalyst. As of now, we would likely need a significant escalation in US-China trade war to trigger a bigger pullback in gold as the drop in inflation expectations and recessionary fears should weigh on the market.In the bigger picture, gold should remain in an uptrend as real yields will…
The EUR/GBP cross drifts lower to around 0.8705 during the early European session on Wednesday. The Euro (EUR) remains weak against the Pound Sterling (GBP) after France’s President Emmanuel Macron reappointed Sébastien Lecornu as Prime Minister. The Eurozone Industrial Production data for August will be released later on Wednesday. Lecornu suspended a landmark 2023 pension reform until after the 2027 presidential election in a bid to end the political turmoil that has gripped the country for months. The reappointment was widely seen as a temporary measure. Traders are concerned that Lecornu’s weak government can survive long enough to deliver a meaningful…
Chinese autonomous driving firm WeRide taps banks for Hong Kong listing, sources say Source link