Gold price has reached a new all-time high of about $2,955. US President Donald Trump surprised markets by talking about a possible trade deal with China. If US bond yields continue to fall, gold prices may go even higher this week.
POUND STERLING RISES AGAINST USD AS MARKET SENTIMENT IMPROVES GBP/USD rises to around 1.2615 as market sentiment improves. Investors await developments in President Trump's international policies. FOMC minutes show concern over inflation risks. UK Retail Sales and PMI data for February due on Friday. Trump’s
GOLD TARGETS $3,000, HITTING RECORD HIGHS Gold (XAU/USD) trades at record highs, currently at $2,953. The precious metal is on track for its eighth consecutive week of gains. Gains driven by a weaker dollar, ongoing geopolitical tensions, and central bank buying. The next target for gold is
AUSTRALIA'S LABOR MARKET DATA BEATS EXPECTATIONS Australia added 44.0 thousand jobs in January, exceeding the expected 19.4 thousand. December's job addition was revised upwards from 56.3 thousand to 60.0 thousand. The unemployment rate fell to 4.1% in January, slightly higher than
GBP/USD stays strong above 1.2600 in the European session on Thursday. US Dollar is weak, which helps the Pound stay firm. Risk sentiment is low because of new tariff threats from US President Trump. Pound may struggle due to market worries. US economic data is the next key
Stellar (XLM) price is moving within a channel pattern. If it breaks out, it may go up (bullish momentum). Data from DefiLlama shows XLM's Total Value Locked (TVL) is now $62 million. Technical analysis suggests XLM could reach a price of $0.74.
CANADA JANUARY PPI SURGES ABOVE EXPECTATIONS Canada’s January PPI rises 1.6% m/m, surpassing the expected 0.2%. PPI y/y increases by 5.8%, up from 4.1% in the prior month. Raw materials price index rises 3.7% m/m and 11.8% y/y, both
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BTC CONSOLIDATION CONTINUES AS MARKET AWAITS NEXT MOVE Bitcoin consolidates between $94,000 and $100,000 since early February. Glassnode reports weakening capital inflows and declining derivatives activity. Short-term holder accumulation reflects challenging market conditions. YouHodler’s Ruslan Lienkha states high-rate environment adds selling pressure, causing Bitcoin to trade sideways.
USD/JPY FLIRTS WITH 150.00 LEVEL USD/JPY remains heavy, testing the 150.00 level. Gold approaches the $3,000 mark. No significant change in BOE interest rate expectations after UK CPI report. ECB's Simkus supports three rate cuts in 2025. PBOC to enhance analysis of macroeconomic
EUR/USD is rising and moving toward 1.0450. US Dollar is weak, helping the Euro gain strength. Trade tensions from Trump’s tariff threats may limit the rise. Geopolitical issues could also slow down further gains. Investors are watching US economic data and Federal Reserve comments for more clues.
XRP SOARS AS SEC ACKNOWLEDGES XRP ETF FILINGS SEC accelerates XRP ETF filing process, recognizing CoinShares, Canary, and WisdomTree's applications. New SEC administration has not paused litigation against Ripple, prioritizing cases with imminent deadlines. Hashdex approved by Brazil's SEC to launch the world's first