[XAU/USD] Profit-taking Sell-off
Gold reached a new all-time high yesterday, but U.S. long-term interest rates also increased. Today, ahead of the U.S. employment report, some traders are selling to take profits and adjusting …
[GBP/JPY] Bank of England (BOE) Expected to Cut Rates by 0.25%
Yesterday, during Tokyo trading hours, Japan’s Economy Minister Akazawa made comments that increased expectations for an interest rate hike in Japan. Because of this, GBP/JPY dropped from the upper 192 …
[USD/JPY] Below 200-Day Moving Average
Yesterday, during Tokyo trading hours, Japan’s December wage data showed a 0.6% increase in real wages. Also, Economy Minister Akazawa said he agrees with the Bank of Japan Governor on …
[XAU/USD] Weaker Dollar Pushes Gold Higher
Gold buying continues without stopping. Yesterday, during New York trading hours, the U.S. January ADP employment report and ISM non-manufacturing data were released. Both were lower than expected. Because of …
[CAD/JPY] Tariff Delay
The Trump administration decided to delay tariffs on Mexico and Canada for one month. This gave investors some relief, and the CAD/JPY rate rose to 107.77 in early Tokyo trading. …
[USD/JPY] China’s Tariff Response
In the Tokyo market, people bought Japanese yen against many other currencies, especially the Canadian dollar. This pushed the U.S. dollar up against the yen. Investors reacted positively to the …
[XAU/USD] NY Stocks Rise and Trade Tariff Battle
The U.S. government decided to extend tariffs on Canada and Mexico for one more month. This gave investors a sense of relief. However, China announced new tariffs against the U.S. …
[EUR/USD] Tariffs on the EU
At the beginning of the week, the euro fell to 1.0211 because of concerns that the Trump administration might impose tariffs on the EU, along with Mexico and Canada. Later, …
[USD/JPY] Trump’s Tariffs Are Uncertain
At the beginning of the week, the U.S. dollar rose to 155.88 yen after the Trump administration decided to impose a 25% tariff on Mexico and Canada. However, when Japan’s …
[XAU/USD] Increased Volatility
The Trump administration decided last weekend to impose a 25% tariff on Mexico and Canada. Because of this, gold prices fell at the beginning of the week. However, when news …