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Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee admitted that tariff effects have remained far below what many policymakers initially feared, but expressed caution that the Fed still needs to watch "soft" data carefully to avoid getting caught in a crossfire between interest rates an

The US Dollar (USD) has edged back a little from its overnight peaks and stocks are flat to slightly firmer while crude prices have eased a little as investors dial back geopolitical worries, at least for the moment, and focus on the Fed, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theo

The situation in Israel and Iran has shown few signs of de-escalation, and while that is offering intermittent support to the dollar, it has so far failed to generate a major rebound in the greenback, ING's FX analyst Francesco Pesole notes. FOMC announcement looming on Wednesday "The main geopoliti

The long awaited May inflation report out of the US showed no impact at all from Trump's tariffs, and was in fact much lower than anyone had expected. The core subindex increased just 0.1% MoM, vs. expectations of +0.3%, a huge miss of a rarely seen size. Weekly jobless claims continue to inch upwar

Due to a combination of central bank gold buying and the surging price of gold, gold has overtaken the euro as the world’s number two reserve asset. But it’s not so much that gold is replacing the euro. It is supplanting the dollar. Based on data released by the European Central Bank and analyzed by

US Dollar Index receives support from easing tariff tensions between the United States and China.The US Consumer Price Index may increase by 2.5% YoY in May.The US Court of Appeals extended a temporary stay, permitting the government to continue enforcing Trump’s sweeping tariffs. The US Dollar Inde

Key points:Broader risks, but no panic – Political, policy, and institutional uncertainties are rising, but markets remain steady thanks to resilient economic data.Trade talks drag on – US-China discussions continue with fewer quick wins and deeper structural divides, but peak uncertainty appears be

A rather underwhelming set of economic figures has kept the dollar firmly on the back foot in the past couple of trading sessions. Wednesday’s ISM services PMI was a notable disappointment. The index tumbled to a near one-year low 49.9 in May, with respondents explicitly noting that the tariff uncer

Central banks continued to buy gold in April, but at a slower pace given that prices are near record highs. Metals – Central bank Gold buying slows in April Central banks added a net 12 tonnes of gold to global gold reserves in April, 12% lower than the previous month and below the 12-month average

USD/CAD softens to near 1.3715 in Wednesday’s early Asian session. Persistent tariff tensions weigh on the US Dollar. The BoC is expected to hold rates at 2.75% on Wednesday. The USD/CAD pair remains on the defensive around 1.3715 during the early Asian session on Wednesday. The Canadian Dollar (CAD

Under the sweltering July sun in Rio de Janeiro, the BRICS+ Leaders Summit will convene not with bluster but with quiet strategic intent—yet beneath the ceremonial optics, the tremors of a shifting monetary world order will ripple through markets. What started as a post-financial-crisis experiment a

Nvidia Earnings Spark Tech Stock Rally Nvidia’s blowout earnings report has ignited a broad rally across global technology stocks. The AI chip giant reported stronger-than-expected revenue and profits for Q1 2025, driven by surging demand for its data center GPUs and AI computing platfo

In the fast-paced world of forex trading, where markets shift rapidly and emotions can cloud judgment, maintaining a disciplined approach is critical to long-term success. One of the most effective tools for achieving this discipline is a trading journal. A trading journal is a detailed record of al

Gold (XAU/USD) continues to trade within a narrow range as global investors evaluate conflicting economic cues. The optimism from delayed US-EU tariffs has slightly reduced the demand for safe-haven assets like gold. Conversely, concerns over US fiscal policy, monetary easing expectations, and geopo