The Dow Jones buys a rumour and sleeps through a tariff regime

The Dow Jones buys a rumour and sleeps through a tariff regime

The index that spent this week absorbing a war premium trades near 52,000 on Friday, around 325 points to the good side, on the strength of a wire report that its own three sources undercut in the same breath. Pakistan is exploring a route back to stalled US-Iran talks at China’s urging, and those sources […]

XAG/USD consolidates as bulls struggle to clear the 21-day SMA

XAG/USD consolidates as bulls struggle to clear the 21-day SMA

Silver (XAG/USD) edges higher on Friday as a pullback in Oil prices pushes US Treasury yields lower, while the US Dollar (USD) fluctuates near recent highs. At the time of writing, XAG/USD trades around $58.60, up 2.40% on the day. Despite the pullback, Oil prices and US Treasury yields remain elevated, keeping Silver’s upside in […]

BI pause seen as hawkish hold – UOB

BI pause seen as hawkish hold – UOB

UOB Global Economics & Markets Research notes that Bank Indonesia kept its policy rate at 5.75%, opting to let earlier tightening filter through. Despite the pause, the team still expects three further hikes totalling 75 bps by end-2026 to stabilise the Rupiah and inflation expectations, while USD/IDR edged slightly higher after what markets perceived as […]

Gold gains despite firm US Dollar

Gold gains despite firm US Dollar

Gold price (XAU/USD) drifts higher on Friday as the Greenback stands firm, even as growing speculation that the US-Iran war may last longer than expected could, in the end, hurt the prospects of the yellow metal. The XAU/USD trades at $4,065, up 0.38%. XAU/USD gains as softer US yields counter Fed hike bets The US […]