Pound Sterling rises as Trump's gradual tariff hikes prompt risk-on mood
The Pound Sterling (GBP) ticks higher to near 1.2375 against the US Dollar (USD) in Wednesday’s North American session. The GBP/USD pair gains as the US Dollar struggles to hold its two-week low, with the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trading cautiously around 107.90 as its safe-haven demand has moderated. Read More...
GBP/USD struggles near 1.2350 as Trump’s tariff hikes proposal remains afloat
GBP/USD pauses its two-day rally, trading around 1.2330 during the Asian session on Wednesday. The pair remains subdued as the US Dollar (USD) holds onto modest gains. US President Donald Trump confirmed that the proposal for universal tariff hikes is still under consideration, although he stated, "We are not ready for that yet." Additionally, Trump issued a memorandum directing federal agencies to investigate and address the ongoing trade deficits. Read More...
GBP/USD poised for further headline-fueled gains
GBP/USD spun in a circle on Tuesday, falling and then climbing in lockstep with global money flows into and out of the US Dollar. The Pound Sterling saw mixed labor data results from the UK, but the UK’s own labor department takes the numbers with a grain of salt. On the American side, US President Donald Trump brushed off his own campaign trail promises of instituting sweeping day-one tariffs on all of the US’ trading partners, focusing newer, more refined tariff threats on the US’ North American trade partners Canada and Mexico. Read More...
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EUR/USD retreats below 1.1350 after mixed EU data
EUR/USD remains on the back foot and trades below 1.1350 in the European session on Tuesday. The data from the Eurozone showed that Industrial Production expanded by 1.1% in February. On a negative note, ZEW Survey - Economic Sentiment slumped to -18.5 in April from 39.8.
GBP/USD clings to gains above 1.3200 after UK jobs data
GBP/USD is defending minor bids above 1.3200 heading into the American session on Tuesday. The latest data from the UK showed that the Unemployment Rate steadied at 4% in the quarter to February, while Average Earnings disappointed, limiting Pound Sterling's gains.
Gold stays in consolidation phase above $3,200
Gold holds steady and fluctuates above $3,200 after posting modest losses on Monday. Easing fears over a deepening global trade conflict and the improving risk mood caps XAU/USD's upside as markets keep a close eye on tariff headlines.
Canada CPI expected to hold steady in March ahead of BoC policy decision
Statistics Canada will release the March Consumer Price Index report on Tuesday. Annualised inflation is expected to have held steady at 2.6%, matching the February reading. Market players anticipate a monthly advance of 0.7%, easing from the previous 1.1%.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
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