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USD/CAD flat lines near 1.3700, US/Canadian CPI inflation data in focus
The USD/CAD pair holds steady around 1.3705 during the early Asian session on Tuesday. Traders largely shrugged off fresh tariffs ahead of Consumer Price Index (CPI) inflation data from the United States (US) and Canada on Tuesday.
GBP/USD extends declines to kick off the new trading week
GBP/USD sank further on Monday, closing lower for a seventh consecutive market session and slipping back below the 50-day Exponential Moving Average (EMA) for the first time since mid-April.
Japan and EU to issue joint statement on economic partnership
Japan and the European Union (EU) plan to issue a joint statement aimed at deepening their economic partnership, with a particular focus on trade, advanced technology, and greater supply chain coordination, per Japanese media Yomiuri.
WTI drifts higher to near $66.00 as Trump threatens Russia with new sanctions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.90 during the early Asian trading hours on Tuesday. The WTI price edges higher amid concerns over the United States' sanctions on Russia that may affect global supplies.
Silver Price Forecast: XAG/USD drops from multi-year highs above $39.00
Silver price forms a 'shooting star' candle chart pattern amid a day in which precious metals were pressured as traders priced in initial risk-off sentiment.
EUR/USD slips below 1.1700 as Trump's tariff barrage fuels USD demand
The EUR/USD remains pressured during the North American session, below the 1.1700 figure as the Dollar got boosted by Trump unveiling new tariff letters on two of its largest trade partners, increasing appetite for haven assets. At the time of writing, the pair trades at 1.1667, down 0.15%.
AUD/JPY retreats as a Harami candle signals bulls may be running out of steam
The Australian Dollar (AUD) is weakening against the Japanese Yen (JPY) on Monday, as the steep bullish rally pertaining to the AUD/JPY pair shows clear signs of slowing.
Forex Today: Attention shifts to US inflation data
The FX galaxy remained cautious ahead of the release of the key US inflation readings on Tuesday, although the Greenback managed to outperform its main competitors on the back of persistent trade concerns and the widespread offered bias in the risk-linked space.
BoE's Bailey warns G20 that global risks have "crystallised"
Bank of England (BoE) Governor Andrew Bailey warned finance ministers of the G20 group of countries that despite overall sturdy global market conditions, downside economic and political risks have likewise hardened recently.
Gold slips despite trade war escalation as Trump is open to talks
Gold price slides some 0.19% on Monday as the trade war escalates despite ongoing meetings with several fronts between the White House and trade partners, which now include the European Union (EU) and Mexico. At the time of writing, the XAU/USD trades at $3,347.
AUD/USD declines as Trump escalates trade threats on Russia
The Australian Dollar (AUD) weakens against the US Dollar (USD) on Monday, pressured by renewed safe-haven flows into the Greenback following US President Donald Trump's latest tariff threats.
Dow Jones Industrial Average rides out tariff volatility as investors bank on another walkback
The Dow Jones Industrial Average (DJIA) floated near the 44,400 region on Monday, holding steady in a near-term consolidation zone as global markets bet that a fresh round of tariff threats from President Donald Trump will be delayed, suspended, or otherwise trimmed once again.
WTI Crude Oil drops over 2% as trade tensions and tariff threats escalate
WTI Crude Oil is falling sharply on Monday, as escalating trade disputes and warnings against Russia weigh on sentiment.
Trump promises trade deals are coming, last chance for peace for Russia
President Donald Trump delivered another litany of comments on a range of comments on Monday. According to President Trump, trade negotiations are progressing nicely, and the oft-touted trade deals that are just around the corner continue to be nearly ready to be announced.
USD/JPY climbs toward 148.00 ahead of US CPI data
The Japanese Yen (JPY) remains on the back foot against the US Dollar (USD) on Monday as rate expectations and tariffs continue to drive sentiment.
EUR/USD steady amid US-EU trade tensions and EU countermeasure proposal
The Euro (EUR) regains ground against the US Dollar (USD) on Monday, after hitting its lowest level in over two weeks earlier in the day, as traders reassess the impact of escalating trade tensions between the United States (US) and the European Union (EU).
US Dollar stalls amid Trump tariff threats and Fed pressure
The US Dollar Index (DXY), which measures the strength of the US Dollar (USD) against a basket of major currencies, remains under pressure at the start of the week, trading below the 98.00 level on Monday.
GBP/USD slips as Trump's tariffs roil FX markets, CPI data looms
The Pound Sterling retreats some 0.18% during the North American session as the Greenback recovers on US President Donald Trump's wave of tariffs that included the European Union (EU) and Mexico.
Silver Price Forecast: XAG/USD hits 14-year highs amid trade war fears
Silver (XAG/USD) extends its winning streak for the third consecutive day on Monday, climbing to fresh 14-year highs near $39.10, amid rising global trade tensions and renewed safe-haven flows.
USD/CAD flattens as markets weigh US fresh tariff threats
The USD/CAD pair is trading flat on Monday as traders digest US tariff threats against the EU and Mexico and look ahead to the release of inflation data on Tuesday.
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