Day: May 15, 2025

Earlier today, gold prices showed signs of recovery during the North American trading session, following the release of US economic data. The data indicated a slowdown in factory inflation, while consumer spending was affected by the recent implementation of US tariffs. At the time of writing, the XAU/USD pair was trading at $3,202, up 0.82% … Read more

Earlier in the North American session, gold prices made a slight recovery after US economic data showed a slowdown in factory gate inflation and weakened consumer spending due to US tariffs. Currently, the XAU/USD pair is trading at $3,202, up by 0.82%. After falling to a five-week low of $3,120, the non-yielding metal saw an … Read more

The USD/CAD pair edges upward towards the key psychological level of 1.4000 during afternoon trading in North America on Thursday. The Loonie pair continues to move higher even as the US Dollar (USD) experiences a decline following the publication of the United States (US) Producer Price Index (PPI) data for April. The USD/CAD currency pair … Read more

During the last trading session, Chinese ETFs had a net outflow of approximately 64,000 ounces, which more than offset the inflow of 27,000 ounces from global x-China ETFs. This decrease in assets is significantly lower than the inflows seen in previous months, suggesting that other groups may also be selling. According to TDS’ Senior Commodity … Read more

The British Pound (GBP) has risen above 1.3300 against the US Dollar during North American trading hours. This increase is attributed to a decline in the value of the US Dollar after the release of a weaker-than-expected Producer Price Index (PPI) report for April. The data showed that the PPI rose by 2.4% on a … Read more

The US Dollar Index (DXY), which monitors the performance of the US Dollar (USD) against six major currencies, is currently taking a break and trading slightly lower below the 101.00 level on Thursday. This comes before a busy day on the US economic calendar. The Greenback has not reacted significantly to the recent comments by … Read more

According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Euro (EUR) is experiencing a slight 0.2% increase against the USD in Thursday’s NA session. It is performing poorly compared to safe haven currencies but is strengthening against the Australian Dollar (AUD) and Norwegian Krone (NOK). The current market is focused on the deflationary impact … Read more

According to Shaun Osborne, Chief FX Strategist at Scotiabank, the Euro (EUR) has experienced a slight 0.2% increase against the US dollar during Thursday’s NA session. It has also shown decreases against safe haven currencies, while strengthening against the Australian dollar (AUD) and Norwegian krone (NOK) due to market concerns about the disinflationary effects of … Read more

Chair Jerome Powell and Producer Price Index (PPI) data for April in North American trading hours will be major triggers for the US Dollar as EUR/USD gives up some of its earlier gains during European trading on Thursday. Despite this, the major currency pair remains 0.2% higher, hovering just above 1.1200 at the time of … Read more