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Treasurer Chalmers: Expect Australian GDP to take a hit due to Trump's tariffs
Commenting on the impact of US President Donald Trump's tariffs on Monday, Australian Treasurer Jim Chalmers said that he expected the economy to take a hit.
Japanese Yen trims a part of modest gains against USD; bullish potential seems intact
The Japanese Yen (JPY) kicks off the new week on a positive note as US President Donald Trump's sweeping reciprocal tariffs raise the risk of a global economic slowdown and continue to underpin traditional safe-haven assets.
WTI tumbles to a four-year low near $60.00 amid Trump's tariff woes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.30 during the early Asian session on Monday. The WTI price falls to its lowest point since April 2021 amid the fears that US President Donald Trump's global tariffs would push the United States (US) into a recession.
USD/INR gains ground as Trump-induced tariffs storm intensifies
The Indian Rupee (INR) trades in negative territory on Monday. The local currency remains under pressure after US President Donald Trump unveiled a bigger-than-expected wall of tariffs around the world's largest economy, upending trade and supply chains.
Japan's Hayashi: Closely watching market moves with a sense of urgency
Japanese Chief Cabinet Secretary Yohsimasa Hayashi said on Monday that he is "closely watching market moves with a sense of urgency."
PBOC boosts Gold reserves for the fifth consecutive month
The latest data published by the People's Bank of China (PBOC) on Monday showed that the Chinese central bank increased its state Gold reserves for the fifth consecutive month.
EUR/USD flat lines above mid-1.0900s, investors seem non-committed amid rising trade tensions
The EUR/USD pair reverses an Asian session dip to the 1.0880 aera and for now, seems to have stalled its retracement slide from the vicinity of mid-1.1100s, or the highest level since September touched last week.
PBOC sets USD/CNY reference rate at 7.1980 vs. 7.1889 previous
On Monday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1980 as compared to last Thursday's fix of 7.1889 and 7.3162 Reuters estimate.
Gold Price Forecast: XAU/USD attracts some sellers below $3,000 as Trump's tariffs hit
The Gold price (XAU/USD) faces some selling pressure to around $2,985 during the early Asian session on Monday, pressured by some profit-taking.
GBP/USD bounces off one-month low, defends 200-day SMA and retakes 1.2900
The GBP/USD pair attracts some dip-buyers near the 1.2830 region, or over a one-month low touched during the Asian session on Monday and for now, seems to have stalled its retracement slide from a six-month peak touched last week.
Japan's Ishiba seeks for broad deal with US over tariffs
Japanese Prime Minister Shigeru Ishiba said late Sunday that Japan would continue pressing the United States to lower tariffs on Japanese goods, but acknowledged that progress was unlikely to come overnight. Ishiba has said he is aiming to have a call with Trump this week.
Ukraine's President Zelenskyy: Russian military strikes energy facility in Kherson
Ukrainian President Volodymyr Zelenskyy said late Sunday that the Russian military struck an energy facility in Kherson on Friday. Russians shelled more than 30 localities in the Kherson region, including residential areas of Kherson.
US President Donald Trump says not making a deal with China unless solving trade deficit
US President Donald Trump said on Sunday that unless the China trade deficit is solved, there will be no deal, according to Reuters.
AUD/USD tumbles to a five-year low below 0.6000 amid US-China tariffs war
The AUD/USD pair tumbles to near 0.5985 for the first time since the COVID-19 pandemic during the early Asian session on Monday.
NZD/USD Price Analysis: Kiwi plunges below 0.5600 as sellers extend their grip
The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798.
Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.
Australian Dollar collapses below 0.6050 as markets brace for RBA rate cuts
The AUD/USD pair crumbled below key psychological support during Friday's American session, sliding toward the 0.6050 region and marking its lowest level in five years.
Gold price slides as Powell warns on tariff-driven inflation
Gold (XAU) price extended its losses on Friday and plunged to a seven-day low of $3,015 before recovering some ground, following a speech by Federal Reserve (Fed) Chair Jerome Powell, which indicated that inflation could reaccelerate due to tariffs. XAU/USD trades at $3,029, down 2.70%.
AUD/JPY Price Analysis: Heavy losses drag pair near 88.60 as bearish momentum accelerates
The AUD/JPY pair tumbled aggressively on Friday, retreating toward the 88.60 area after shedding over 4% during the day. The move represents one of the steepest intraday declines in recent sessions, dragging the pair away from the recent highs and into a mid-range zone between 87.41 and 92.64.
Dow Jones Industrial Average plummets as equities get pulverized by tariff tantrum
The Dow Jones Industrial Average (DJIA) had one of its worst trading days since the pandemic period, shedding over 2,000 points to fall over 5% on the day and putting the major equity index on pace for one of its worst-ever trading days in absolute points terms.
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