Gold price stays resilient above $2,500 as inflation fears subside
Gold retreats from a daily high of $2,529 after US inflation data boosts odds of a 25 bps Fed rate cut. Rising US Treasury yields and a stronger US Dollar…
China deflation showing signs of worsening spiral, calls for for immediate policy action
Chief China economist at Morgan Stanley, Robin Xing, says the country is definitely in deflation, probably going through the second stage of deflation.“Experience from Japan suggests that the longer deflation…
Gold surges above $2,500 ahead of US CPI as Fed rate cut looms
Gold gains ground despite broad US Dollar strength, traders focus on the upcoming US Consumer Price Index (CPI) release. CME FedWatch Tool shows 73% odds of a 25 bps Fed…
China's Xi and Russia's Putin both compliment North Korea
North Korea state medai, KCNA report on Chinese President Xi Jinping and Russian President Vladimir Putin sent greetings to North Korean leader Kim Jong Un.On the occasion of North Korea's…
Bears extend their control, aiming for 87.00
The NZD/JPY pair fell sharply on Friday and reaching a low of 87.85. The RSI has plunged to 36, indicating that the bears are in full control and the negative…
Forexlive Americas FX news wrap: Non-farm payrolls soften but not enough for 50 bps
Markets:Gold down $20 to $2496US 10-year yields down 1.4 bps to 3.72%, 2-year yields down 9.3 bps to 3.65%WTI crude oil down $1.07 to $68.08S&P 500 down 1.7%JPY leads, AUD…
Australian Dollar steady, favored by monetary policy divergences
AUD/USD gains on soft US data and RBA’s hawkish outlook. RBA Bullock reiterates hawkish stance, signaling no near-term rate cuts. Monetary policy diveargence favors the Aussie as US data softens…
Forexlive Americas FX news wrap 4 Sep: Concerns about job weakness sends the USD lower
The Bank of Canada cut rates by 25 basis points to 4.25% from 4.5%. That was the odds on favorite but there was some hope for a full 50 bp…