Market News

USD/JPY renews weekly lows below 114.00 as profits drop, BOJ Minute USD/JPY remains down for the third day in a row, down 0.30% on the day around 113.85 when Tokyo opens on Friday. The yen pair depicts market risk aversion while tracking falling Treasury yields and equities. Concerns about a hawkish appearance by the US

XAU/USD stands at a two-month high of $1,845 despite more steady yields Gold prices maintain previous rally momentum as it sits near fresh two-month highs of $1,844 set in early Asia. The upside potential for the shiny metal remains intact although continued strength is seen around the on-curve US Treasury yields. Gold prices benefited from

GBP/USD: UK policy is in the driver’s seat, BoE also center of attention GBP/USD has been fairly steady on the day so far in a quiet start to the week following a significant correction on Friday with demand for the US Dollar, which has been heavily bid at the start of the year. So far,

XAU/USD bulls point to further US dollar weakness Potential catalysts for the day ahead will come during the US session with New York Fed President John Williams and retail sales in the United States. The Fed will then enter a shutdown until its next interest rate decision later this month. This makes the US data

EUR/USD swings between 1.1400 as ECB-Fed fight intensifies after US inflation EUR/USD is balanced around the highest level since mid-November early Thursday morning in Europe. Major currency pairs made the biggest jump in 5 weeks the previous day as the US dollar fell to multi-day lows as inflation data matched expectations, causing market challenges causing