[XAU/USD] U.S.–Russia Summit and Jackson Hole
Last weekend, the U.S. and Russia held a summit, but no peace deal was reached. This means geopolitical risks are still here, and one reason for selling gold has now …
[USD/JPY] Weak Dollar and Weak Yen
Last week, USD/JPY first moved up, but later fell after the U.S. CPI was weaker than expected and Bessent, a U.S. official, said a 0.5% rate cut is needed. He …
[EUR/USD] Weak Dollar and Weak Yen
At the start of last week, the euro fell to 1.1590 after news that the U.S. would extend high tariffs on China for 90 days, which led to dollar buying. …
[XAU/USD] U.S. Retail Sales & U.S.–Russia Leaders Meeting
Yesterday, the U.S. July Producer Price Index (PPI) was higher than expected. Because of this, the chance of an early U.S. interest rate cut became lower. When U.S. long-term interest …
[USD/JPY] Dollar Buyback and Stronger Yen
Yesterday, comments from Bessent, saying “Japan needs to control its inflation problem,” led to yen buying in the Tokyo market.The Nikkei stock index also fell, and this “risk-off” mood pushed …
[EUR/USD] U.S. Inflation Concerns
Earlier, Bessent said the U.S. should cut interest rates by 0.5% at the September FOMC meeting. President Trump also said U.S. interest rates should be 1%. These comments led to …
[XAU/USD] CPI and Declining U.S. Credibility
Yesterday, Federal Reserve official Bessent said, “At the September meeting, we should make a large 0.5% interest rate cut.”In addition, President Trump said, “U.S. interest rates should be 1%.”These comments …
[USD/JPY] Dollar Down, Yen Up
Federal Reserve official Bessent said he told Bank of Japan Governor Ueda that “Japan needs to control its inflation problem.”He also said, “At the September meeting, we should make a …
[EUR/USD] Dollar Selling
Federal Reserve official Bessent said, “At the September meeting, we should make a 0.5% interest rate cut.”President Trump also said, “U.S. interest rates should be 1%.”These comments increased pressure from …
[XAU/USD] CPI Data and Declining U.S. Credibility
Gold prices had been falling after reports that there would be no tariffs on gold bars. However, prices turned upward. This happened because the U.S. July CPI (Consumer Price Index) …