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Gold crashes 2% from record high as Trump tempers threats on China

Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump's comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 - $4,240 range.
New
update2025.10.18 03:40

AUD/USD remains steady after Trump tones down China rhetoric, DXY recovers slightly

The Australian Dollar (AUD) remains well bid against the US Dollar (USD) on Friday, as US President Donald Trump's softer stance on trade with China eases risk sentiment. The Aussie is showing resilience even as the Greenback strengthens, supported by Australia's close trade ties with China.
New
update2025.10.18 03:35

Dow Jones Industrial Average recovers footing, brushes off regional bank weakness

The Dow Jones Industrial Average (DJIA) found a near-term foothold to wrap up the trading week, rebounding around 260 points from recent lows and fighting to stay on the high side of key moving averages.
New
update2025.10.18 03:21

USD/JPY strengthens as Trump's softer stance on China boosts US Dollar demand

The Japanese Yen (JPY) weakens against the US Dollar (USD) on Friday, with USD/JPY rebounding after slipping to two-week lows earlier in the Asian session.
New
update2025.10.18 02:22

BoE's Greene: We should not cut rates every quarter, but rate-cutting cycle not over

Bank of England (BoE) MPC Member Megan Greene spoke about inflation dynamics, the global rate path, and risks in currency markets at the Annual Meetings of the International Monetary Fund and World Bank Group, in Washington, DC.
New
update2025.10.18 02:07

EUR/GBP steady as French political calm supports Euro, UK fiscal issues weigh

EUR/GBP trades steadily around 0.8700 on Friday at the time of writing, supported by improved political sentiment in France after Prime Minister Sébastien Lecornu survived two no-confidence motions in parliament.
New
update2025.10.18 01:52

Fed's Musalem:Important for Fed to be cautious right now

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke about at the Institute of International Finance Annual Membership Meeting in Washington, DC.
New
update2025.10.18 01:52

GBP/USD pulls back towards 1.34 as Trump softens China rhetoric, US Dollar recovers

The GBP/USD retreats on Friday after hitting its highest level in a week of 1.3471 after US President Donald Trump revealed that elevated tariffs on China are not sustainable. Consequently, the Greenback printed gains as reflected by the pair, trading above the 1.34 handle down 0.12%.
New
update2025.10.18 00:51

EUR/JPY declines to two-week low on BoJ tightening signals, ECB pause

EUR/JPY slides 0.25% on Friday, trading around 175.40 at the time of writing, after hitting a two-week low of 174.82 earlier in the day. The Japanese Yen (JPY) is appreciating across the board, supported by remarks from Bank of Japan (BoJ) officials suggesting further policy tightening.
New
update2025.10.18 00:48

EUR/USD retreats from two-week high as Trump tones down tariff threats

The Euro (EUR) weakens against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback finds renewed strength after US President Donald Trump softened his rhetoric on US-China trade tensions.
New
update2025.10.18 00:11

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