March 10, 2025
China’s central bank ups gold reserves in February
The U.S. dollar dropped to multi-month lows against the euro and yen and fell versus most currencies to end last week after data showed the labor market in the world’s largest economy slowed last month, creating fewer jobs than expected. The Gold-Dollar pair traded sideways in the last session. The Stochastic-RSI is giving a positive […]
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March 10, 2025
US dollar sags after weaker-than-expected jobs data, Fed’s Powell comments
The U.S. dollar dropped to multi-month lows against the euro and yen and fell versus most currencies to end last week after data showed the labor market in the world’s largest economy slowed last month, creating fewer jobs than expected.
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March 6, 2025
Euro rises to four-month high on optimism about Germany’s infrastructure fund
The euro hit four month highs against the U.S. dollar, as Europe’s growth prospects improved after Germany’s proposed 500-billion euro infrastructure fund, potentially offsetting global trade tensions. The single currency is up nearly 3.7% this week, already on track for its best week since November 2022. The Euro-Dollar pair exploded 1.4% in the last session. […]
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March 6, 2025
Brent down 3% after hitting 3-year low on US crude build, OPEC+ hike, US tariffs
Global benchmark Brent was down nearly 3%, recovering slightly from a three-year low hit earlier in the session, after U.S. crude oil stockpiles posted a larger-than-expected build, adding a further headwind as investors worried about OPEC+ plans to increase output in April and U.S. tariffs on Canada, China and Mexico. After a 4.0% dip during […]
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March 5, 2025
Automakers warn that Trump tariffs will hike vehicle prices as much as 25%
A trade group representing nearly all major automakers warned that new 25% tariffs on imports from Canada and Mexico imposed by U.S. President Donald Trump will lead to drastic price hikes.
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March 5, 2025
Euro advances after German debt reform, possible US-Ukraine minerals deal
The euro rallied against the U.S. dollar, hitting it’s three-month high after Germany’s conservatives and Social Democrats announced proposals to set up a 500 billion euro fund for infrastructure and overhaul borrowing rules aimed at increasing defense spending. The last session saw the Euro gain 0.9% against the Dollar. The RSI is giving a positive […]
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