XAG/USD trades above $61.00, supported by lower Treasury yields and softer US economic data reducing rate hike expectations. Silver (XAG/USD) retreated slightly to $61.24 after testing resistance at $61.90, remaining near one-month highs above $60.90. The metal has risen f
Investors shift focus to easing US-Iran tensions, lifting gold prices and supporting risk assets ahead of US market open. Gold prices surged 2.3% to $4,170 as expectations of reduced US-Iran tensions lowered inflation and Fed tightening risks. The move followed reports of
BNY’s Geoff Yu notes Eurozone PMIs have surprised to the upside, with the composite at an eight‑month high and services back in expansion, easing immediate stagflation worries. He stresses this is not a clear signal for further ECB tightening, as another rate hike could ri
US Dollar: Soft labor firmer services outlook – TD Securities TD Securities strategists notes that United States (US) JOLTS job openings fell more than expected in June, though they remain elevated versus private indicators. They also expect the United States (US) ISM Serv
TD Securities strategists notes that United States (US) JOLTS job openings fell more than expected in June, though they remain elevated versus private indicators. They also expect the United States (US) ISM Services Index to rise in July, projecting 55.0 versus June’s 54.0
Investors await July ADP employment and ISM services PMI figures, which may sway Fed rate expectations amid subdued USD performance. The US Dollar Index (DXY) trades near 99.80, slightly lower as markets brace for July’s ADP Employment Change and ISM Services PMI data. The
Uncertainty persists over the long-term impact of coordinated USD/JPY intervention as political and policy constraints limit further action. The recent joint US-Japan intervention to support the yen has left markets questioning its lasting effectiveness. While the move was
British Pound extends gains to 212.50 against the Yen after upbeat UK services data The British Pound (GBP) extends gains for the second consecutive day against the Japanese Yen (JPY) on Wednesday, with the GBP/JPY pair holding around 212.30 after bouncing from five-month lows...
The British Pound (GBP) extends gains for the second consecutive day against the Japanese Yen (JPY) on Wednesday, with the GBP/JPY pair holding around 212.30 after bouncing from five-month lows at 209.55 on Monday. An upward revision of UK services data has provided some s
USD/JPY holds steady after intervention: Outlook remains uncertain USD/JPY fell to 157.47 on Wednesday, with the Japanese yen pausing its recent strengthening. US Treasury Secretary Scott Bessent reaffirmed Washington’s support for Japan following the historic joint curren
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