USD/JPY stays strong above 148.00 in the Asian market on Friday. The rise is limited because of different policies from the Bank of Japan (BoJ) and the US Federal Reserve (Fed). The US Dollar and bond yields are recovering, helping USD/JPY stay firm. Market sentiment improves as
GOLD TRADING AT NEW ALL-TIME HIGHS, APPROACHES $3000 Gold reached a new all-time high of $2966.19, nearing the $3000 mark. Central banks, including Poland, have been major buyers, bolstering their reserves. Poland holds 480 tons of gold, with a target of 500 tons. Gold’s strong performance is fueled
Analysis
EUROPEAN ECONOMIC UNCERTAINTY FROM TARIFF THREATS AND ECB POLICY Trump threatens 200% tariff on European wines, urges EU to remove 50% tariff on spirits. Tariffs hurt European luxury goods, with Pernod Ricard’s stock down. Automotive sector falls 1.7% due to supply chain issues. Germany’s EUR 500 billion
Analysis
GOLD (XAU/USD) NEARS ALL-TIME HIGHS AMID ECONOMIC AND GEOPOLITICAL UNCERTAINTY Gold rises to $2,950 per ounce, approaching all-time highs. Softer U.S. CPI data eases inflation concerns, boosting market sentiment. Outflow from U.S. bonds and rising equity markets support gold. Gold remains a hedge against inflation and
THE FED NOT GETTING INFLATION DATA NEEDED FOR RATE CUT CONSIDERATION The Fed is unlikely to cut rates next week due to current inflation data. Economists and the public see the tariff situation as erratic. Most Americans expect higher prices, raising inflation concerns. These factors hinder the Fed from justifying
Analysis
USD WEAKENS AS MARKETS EXPECT RATE CUTS US Dollar pressured by lower-than-expected February CPI (2.8% YoY, Core CPI 3.1%). Markets expect 125-basis-point Fed rate cut this year. Weak PPI data, US trade tensions impact dollar sentiment. Long dollar positions halved to $16 billion since January. ECB hints at
LIBRA MEME COIN PROMOTED BY ARGENTINA PRESIDENT MILEI CRASHES LIBRA price fell 15% to $0.06125 on Thursday. Lawyer Gregorio Dalbón requested an Interpol Red Notice for Hayden Davis, linked to the coin. Davis and President Milei are involved in promoting LIBRA. Dalbón alleges Davis created LIBRA and profited, suggesting
USD/CAD RETESTS 100/200 HOUR MAS BUT STALLS Support holds above the 50% retracement at 1.4345. Resistance is between the 100-hour and 200-hour MAs (1.4387–1.4403). A breakout above these MAs would shift the bias higher, staying below keeps sellers in control. The downside target is
EUR/USD BOUNCES AT 100-HOUR MA AND SWING AREA RESISTANCE EUR/USD fell below the 100-hour MA, reaching 1.08174. Support at the 61.8% retracement and March swing levels led to a rebound. The price is now testing the 100-hour MA and resistance.
STOCKS SLIP AS TRADERS DIGEST TRUMP TARIFF THREAT, INFLATION DATA Stocks declined Thursday amid Trump's tariff threat and new inflation data. Tech stocks lifted the S&P 500 by 0.5% on Wednesday. Nasdaq rose 1.2%, led by Nvidia and Palantir gains. Dow Jones fell 0.
The US Senate Banking Committee approved a new law for stablecoins. The law is called the Guiding and Establishing National Innovation for US Stablecoins Act. It focuses on setting clear rules for stablecoin payments. The goal is to make stablecoins safer and more reliable in the US. This is an
US INITIAL JOBLESS CLAIMS LOWER THAN EXPECTED Initial jobless claims came in at 220K, below the 225K estimate. Prior week's initial claims were revised to 222K from 221K. The 4-week moving average for initial claims is 226K, up from 224.5K last week. Continuing claims totaled 1.870M,