Author: FX
A red-hot inflation report in the United States and rising tensions between the latter and Iran pushed Gold price higher on Friday, past the $5,260 figure, posting solid gains of over 1.20%. At the time of writing, XAU/USD trades at $5,261, hitting a one-month high and extending its gains for the seventh consecutive month.XAU/USD climbs to fresh highs as unresolved US–Iran talks and inflation fears underpin safe-haven buyingTalks between Washington and Tehran ended on Thursday, but failed to show meaningful progress, which could prevent a US strike on Iran. Recently, US President Donald Trump said that he was not happy…
The US Dollar (USD) lost ground this week amid geopolitical uncertainty and the United States (US) trade policy developments after the Supreme Court ruled the Trump administration’s tariffs illegal and he responded with a fresh round of levies. On another note, the release of a stronger-than-expected Producer Price Index (PPI) data couldn’t revive the Greenback.The US Dollar Index (DXY) is trading near the 97.60 price region, losing around 0.20% in the day and closing the week with a mild decline as traders are cautious amid geopolitical and trade uncertainty. US Dollar Price Today The table below shows the percentage change…
GBP/USD slips as US PPI lifts US Dollar, Middle East risks riseThe Pound Sterling (GBP) drops some 0.10% on Friday as the Greenback is underpinned by a hot inflation report in the US, which prompted investors to price in a less dovish Federal Reserve (Fed). Also heightened risks in the Middle East weighed on the GBP/USD pair, which trades at 1.3469 at the time of writing. Read More…GBP/USD Price Forecast: 20-day EMA acts as key barrier, downside likely below 1.3430The Pound Sterling (GBP) trades marginally higher to near 1.3500 against the US Dollar (USD) during the European trading session on Friday. The GBP/USD pair ticks…
As the trading week comes to a close, the AUDUSD is higher on the week and continues to trade above a key cluster of moving averages, including the 100-hour moving average at 0.7093, the 200-hour moving average at 0.7078, and the 100-bar moving average on the 4-hour chart at 0.7070.Holding above this moving average cluster keeps buyers firmly in control. A move below would begin to tilt the short-term bias to the downside, but sellers would still have additional work to do to fully shift momentum.More specifically, the price would need to break and remain below the early-February lows between…
DBS Group Research expects Taiwan’s upcoming January export orders and industrial production to show strong double-digit growth, helped by last year’s low base and robust global AI-driven demand, alongside semiconductor and ICT inventory restocking. February CPI is forecast above 1.5% on holiday-related food and services prices. The statistics agency’s upgraded 2026 GDP and CPI forecasts broadly match DBS projections.AI demand and restocking drive momentum”A set of economic data will be released this week following the Chinese New Year holiday.””January export orders and industrial production are likely to post strong double-digit growth, driven partly by a low base effect from last…
DXY fell about 0.2% on Friday, grinding back into 97.60 after a hotter-than-expected Producer Price Index (PPI) report amplified concerns that inflation is proving stickier than the Federal Reserve (Fed) would like, weighing on growth expectations and dragging the Greenback lower. Source link
Societe Generale’s Kunal Kundu reviews India’s FY27 Union Budget, highlighting policy continuity and fiscal consolidation in a context of geopolitical strains and currency weakness. The note flags modest allocations to employment schemes, questions execution of six focus areas, and warns that without stronger revenues, capital expenditure may again be cut to meet the 4.3% of GDP deficit target.Fiscal consolidation but capex at risk”Amid geopolitical strains, trade uncertainty, currency weakness, and investor scepticism over growth metrics, India’s FY27 Union Budget presented on 1 February 2026, emphasised policy continuity and fiscal consolidation.””Among the various announcements, focus on data centres and GCCs (Global…
The Pound Sterling (GBP) drops some 0.10% on Friday as the Greenback is underpinned by a hot inflation report in the US, which prompted investors to price in a less dovish Federal Reserve (Fed). Also heightened risks in the Middle East weighed on the GBP/USD pair, which trades at 1.3469 at the time of writing.Sterling eases as firm US inflation data tempers Fed cut bets and risk sentiment deterioratesRisk appetite has taken a toll as the AI hype seems to have faded, as depicted by the S&P 500, which is headed towards its worst month since March 2025. In the…
I don’t think anyone will be shedding a tear for the declines in private equity stocks but Blue Owl (which is notorious for software loans): -6%Jefferies -10.3%Apollo -8.4%KKR -7.3%Ares -7.1%Goldman Sachs -7%Morgan Stanley 6.6%The fundamental pitch of private equity is leveraged lending and buyouts. There were buyouts of software companies and clients of these firms are holding unlisted shares in these companies.What are those companies worth now? Many of them aren’t even making any money but had large multiples of revenues but suddenly those multiples are collapsing. Even if companies are good, they’re getting tossed out because software is toxic.Now…
The Australian Dollar (AUD) trades flat against the US Dollar (USD) on Friday as the Greenback reverses earlier gains despite stronger-than-expected US Producer Price Index (PPI) data. At the time of writing, AUD/USD is trading around 0.7112 and is on track for an eighth consecutive week of gains.The headline PPI rose 0.5% MoM, beating the 0.3% forecast, while December’s figure was revised down to 0.4% from 0.5%. On a yearly basis, PPI increased 2.9%, above expectations of 2.6%, though slightly below the previous 3% reading.Core PPI, which excludes food and energy, climbed 0.8% MoM, well above the 0.3% estimate and…