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Fundamental Analysis * Dollar Pressure: Gold prices experienced their steepest weekly decline in five months, driven by speculation of a second term for Donald Trump, which has heightened fears of renewed trade tensions, bolstering the U.S. dollar. Overnight, Bloomberg reported warnings from BlackRock and JPMorgan that the U.S. bond sell-off “is far from over,” suggestingContinue Reading

Fundamental Analysis * Tariff Treat: The Australian dollar continues to face downward pressure against the U.S. dollar, driven by worries over Donald Trump’s recent proposal to hike tariffs on Chinese imports. With Australia being a key exporter to China, Trump’s suggested 60% tariff on all Chinese goods could have economic repercussions for Australia. Trump claimsContinue Reading

Tuesday, 12 November 2024, 09.00 – German CPI (MoM)(Oct) Germany’s Consumer Price Index (CPI) for October 2024 rose by 0.4% month-on-month, surpassing the market’s expectation of a 0.2% increase and marking a recovery from the flat performance in September. This uptick was primarily driven by higher service prices and a rebound in goods prices. TheContinue Reading

Fundamental Analysis * Expected Cut: The USD/CHF pair has edged higher as markets absorb the Federal Reserve’s expected 25-basis-point rate cut. This latest quarter-point reduction, announced Thursday, follows a larger 50-basis-point cut from early September. Fed officials noted that the labor market has “generally eased,” with inflation nearing the central bank’s 2% target. While thisContinue Reading

Fundamental Analysis * Trump Triumph: Gold prices have dropped sharply after Donald Trump’s victory in the 2024 presidential election, which has boosted both the dollar and Treasury yields. Treasury yields rose amid expectations that a second Trump administration might implement policies, such as tariffs, that could drive up inflation and lead the Fed to moderateContinue Reading