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US Dollar Weekly Forecast: Tariffs, jobs, and US economic jives
1743180981 from FXSTREET
A poor second half of the week left the US Dollar (USD) empty-handed, reversing the previous week’s advance despite hitting new three-week tops well north of the 104.00 barrier in the last couple of days, when measured by the US Dollar Index (DXY).
EUR/USD Weekly Forecast: US Dollar to fall further despite ruling uncertainty
1743173384 from FXSTREET
The EUR/USD pair remained under selling pressure for a second consecutive week but ended it little changed at around 1.0820. The US Dollar (USD) remained trapped between tariff-related concerns and tepid US data, limiting its safe-haven condition.
Market does not expect US import tariffs on crude oil from Canada and Mexico – Commerzbank
1743162524 from FXSTREET
The postponement of US import tariffs on certain goods from Canada and Mexico granted by US President Trump at the beginning of March will end next Wednesday, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold picks up again and resides near its fresh all-time high
1743162513 from FXSTREET
Gold price (XAU/USD) is printing another record performance this Friday, hitting $3,086 as the new all-time high for now and trading around $3,077 at the time of writing. Bullion sees another wave of safe-haven inflow, this time from investors that are
US core PCE inflation expected to remain sticky, bolstering Federal Reserve’s hawkish stance on rate cuts
1743162300 from FXSTREET
The United States (US) Bureau of Economic Analysis (BEA) is set to release the Personal Consumption Expenditures (PCE) Price Index data for February on Friday at 12:30 GMT.
Copper has continues to retreat from its nine-month high – ING
1743161390 from FXSTREET
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/CHF Price Forecast: Trades inside Thursday’s range ahead of US PCE Inflation
1743161040 from FXSTREET
The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday’s trading range in Friday’s North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.
Gold climbs to a new record high – ING
1743159780 from FXSTREET
Gold surged to a fresh record high this morning, surpassing the previous record hit just yesterday, after US President Donald Trump announced 'permanent' 25% tariffs on auto imports, intensifying trade tensions, ING's commodity experts Ewa Manthey and Warren Patterson note.
Pound Sterling rises on surprisingly positive UK Retail Sales data
1743159457 from FXSTREET
The Pound Sterling (GBP) outperforms against its peers, except the US Dollar and the Japanese Yen (JPY), on Friday after the release of the United Kingdom (UK) Retail Sales data for February and revised Q4 Gross Domestic Product (GDP) figures.
China exported significantly more Gold to Hong Kong in February – Commerzbank
1743155187 from FXSTREET
Data published this week by the Hong Kong Statistics Authority on Gold trade with China confirmed the picture of very weak demand for Gold in China, Commerzbank's commodity analyst Carsten Fritsch notes Gold exports to China and Hong Kong come to a standstill in February "According to the data, 26.4 tons more Gold were delivered from China to Hong Kong in February than vice versa.
GBP/USD Forecast: Pound Sterling fails to benefit from upbeat data
1743153978 from FXSTREET
GBP/USD gathered bullish momentum and closed in positive territory on Thursday. The pair stays in a consolidation phase near 1.2950 in the European session on Friday as markets await the next key data release from the US.
Silver Price Forecast: XAG/USD flirts with ascending channel hurdle, around mid-$34.00s
1743153220 from FXSTREET
Silver (XAG/USD) climbs its highest level since late October 2024 during the first half of the European session on Friday and currently trades around mid-$34.00s, up nearly 0.30% for the day.
EUR/USD Forecast: Euro loses recovery momentum ahead of US inflation data
1743152436 from FXSTREET
EUR/USD gained nearly 0.5% on Thursday and snapped a six-day losing streak. The pair, however, loses its traction and trades in the negative territory below 1.0800 on Friday, pressured by the risk-averse market atmosphere.
Gold Price Forecast: XAU/USD holds record-setting rally ahead of US PCE inflation test
1743130024 from FXSTREET
Gold price extends its record-setting rally toward $3,100 after settling above $3,050 on Thursday. Sitting at record highs, Gold price keenly awaits the US Personal Consumption Expenditures (PCE) Price Index data and US President Donald Trump’s tariff updates for additional trading impetus.
Gold price rallies to new all-time high as Trump rekindles trade war fears
1743116967 from FXSTREET
Gold price uptrend continued on Thursday with the yellow metal hitting a new record high of $3,059 amid uncertainty over trade policies enacted by US President Donald Trump, which escalated the trade war by imposing tariffs on automobiles.
Fed's Collins: It's inevitable tariffs will increase inflation in the near term
1743111107 from FXSTREET
Federal Reserve (Fed) Bank of Boston President Susan Collins noted on Thursday that the Fed's challenge at this point is having to choose between maintaining a tight policy stance, or trying to run ahead of data that might be souring in the future.
Fed's Barkin: Fed waiting for uncertainty to clear before acting
1743110460 from FXSTREET
Federal Reserve (Fed) Bank of Richmond President Thomas Barkin hit newswires on Thursday, warning that incoming economic uncertainty at the hands of the Trump administration's lopsided trade policy will force the Fed into a wait-and-see approach than most investors are hoping for.