Gold (XAU/USD) retreats sharply from the $5,250 level, or a fresh monthly peak touched during the Asian session, and for now, seems to have snapped a four-day winning streak. Following the previous day’s knee-jerk fall in reaction to US President Donald Trump’s new global tariffs and the subsequent bounce, the US Dollar (USD) attracts fresh buyers in the wake…
Australia’s upcoming CPI release could make or break March RBA tightening expectations. Our Event Guide for the Australian Inflation Report points out that the previous release contained outsized gains due to one-off factors, possibly resulting to a much weaker January reading by comparison. Here’s what I’m watching on AUD/NZD and AUD/JPY in case the numbers disappoint.
Summary: Apple to begin assembling some Mac mini units in Houston in 2026 Production to take place at a Foxconn facility Move aimed at meeting local U.S. demand Majority of Mac mini output to remain in Asia Part of broader supply-chain diversification trend Apple plans to shift part of its Mac mini production to the United States, with assembly…
The EUR/USD pair holds positive ground around 1.1795 during the early Asian session on Tuesday. The US Dollar (USD) weakens against the Euro (EUR) amid US tariff uncertainty. The release of the US January Producer Price Index (PPI) report will be in the spotlight later on Friday. The US Supreme Court’s ruling on Friday struck down many of the…
USD/CAD is pressing back toward a well-watched price zone after a sharp rebound from early-February lows. A momentum oscillator has now moved into overbought territory, signaling stretched short-term conditions. In a prevailing bearish structure, that type of reading can increase the risk of downside continuation. The reaction here may determine whether sellers step back in or if price can…
After the Supreme Court curtailed key second-term tariffs, the Trump administration is turning to Section 232 to pursue new national security levies. Summary: Administration considering new Section 232 tariffs on six industries Follows 6–3 Supreme Court ruling striking down many levies New 232 tariffs separate from recently announced global 15% levy Steel and aluminium 232 tariffs to be revamped…
Michael Wan at MUFG argues that changes in US tariff implementation and a weaker Dollar backdrop support a gradual move lower in USD/CNY. China is seen as a relative beneficiary versus some Asian exporters as effective tariffs on Chinese exports are expected to fall. This narrows tariff differentials and reduces incentives to re-route exports via other Asia economies. China…
Markets wrestled with renewed tariff uncertainty on Monday as President Trump’s weekend announcement of a 15% global tariff under Section 122 authority replaced the Supreme Court-struck reciprocal framework, while Federal Reserve Governor Christopher Waller dampened March rate cut expectations by describing the decision as a “coin flip” following January’s stronger employment data. Check out the forex news and economic…
Crude oil futures are settling down $0.17 (-0.26%), but the broader technical picture remains constructive. Earlier today, price pushed to $67.28, the highest level since August 2025, before rotating lower into the close. Even with the pullback, crude is still up roughly 21% from the December low at $55.08, underscoring the strength of the recent recovery trend. On the…
BNY’s Head of Markets Macro Strategy Bob Savage sees supportive fundamentals for Asia FX, citing accommodative monetary policy, fiscal expansion and AI- and semiconductor-led export growth. The bank maintains a constructive view on CNY, TWD, KRW and MYR, neutral on SGD and IDR, and cautious on INR, THB and PHP, while warning that higher Oil could weigh on net…
