Dow Jones slides as Iran war, hawkish Fed drive fourth losing week
The Dow Jones Industrial Average (DJIA) tumbled around 257 points, or 0.6%, on Friday as all three major US indices tracked toward a fourth consecutive losing week. The S&P 500 fell 0.8%, while the Nasdaq Composite underperformed with a decline of 1.2%. Overnight strikes between Iran and Israel, fresh attacks on energy sites in the […]
USD/CHF flat as Fed outlook and Oil-driven USD demand limit downside
The Swiss Franc (CHF) trades flat against the US Dollar (USD) on Friday, reversing part of its earlier gains as the Greenback eases slightly from daily highs. At the time of writing, USD/CHF is trading around 0.7878 after briefly touching the 0.7900 mark. Meanwhile, the US Dollar Index (DXY), which tracks the Greenback’s value against […]
Hawkish Fed meets escalating Iran war
The US Dollar (USD)i weakened this week, with the US Dollar Index (DXY) slipping back below 100.00 to 99.60 on Friday after a surge in the middle of the week driven by the Federal Reserve’s (Fed) decision to hold rates in the 3.50%-3.75% range. The war in Iran is nearing the end of its third […]
Banxico seen holding rates at 7% amid war-driven inflation risks
A Reuters poll revealed that the Bank of Mexico, also known as Banxico, is expected to keep interest rates steady at 7% at the March 26 meeting amid concerns about the Middle East war. If Banxico keeps rates unchanged, it would be the second consecutive time the central bank has opted for a wait-and-see approach, […]
XAG/USD plunges, clearing key levels below $70
Silver price (XAG/USD) retreats late in the North American session, down by over 6.80% in the day, poised to finish the week with losses of more than 15.70%, posting its second-largest weekly loss since the one that ended down 17.39% on January 30. At the time of writing, XAG/USD trades at $67.89. XAG/USD Price Forecast: […]
Gold slips near $4,500 as Oil rally and US yields weigh on bullion
Gold (XAU/USD) price extended on Friday its losses for the eighth straight day, poised to end the week down by more than 8.50% as Oil prices continued to rally, boosting the haven appeal of the Greenback. The jump in US Treasury yields and market participants’ pricing in no rate cuts by the Federal Reserve (Fed) […]
Gold falls despite Middle East tensions as interest rate outlook dominates sentiment
Gold (XAU/USD) extends losses on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark. The drop comes as markets increasingly price in a ‘higher-for-longer’ global interest rate environment following this week’s major central bank monetary policy announcements. At the time of writing, XAU/USD is […]
Higher-for-longer stance maintained – Nordea
Nordea’s Sara Midtgaard reports that the Federal Reserve left its policy rate unchanged and signalled only gradual easing, with one 25 bp cut projected in both 2026 and 2027. She notes Powell’s emphasis on data dependence and geopolitical uncertainty, and Nordea’s base case that the Fed keeps rates on hold over the next two years […]
GBP/USD retreats as BoE hawkish pivot faces resilient US Dollar
GBP/USD retreats on Friday, trading around 1.3380 at the time of writing, down 0.39% on the day, after Thursday’s strong rally following the Bank of England (BoE) decision. The corrective move comes as the US Dollar (USD) regains some traction, despite a broader backdrop shaped by a hawkish repricing of global monetary policy. The Bank […]
BoE repricing lifts Pound but risks loom – MUFG
MUFG’s Derek Halpenny highlights that the Bank of England’s unanimous hold and sharp front-end repricing have driven a notable rise in UK yields, supporting the Pound. He judges the rates move as somewhat overdone and warns that a worsening Middle East situation and higher energy prices could hit equities, reverse some tightening and erode GBP […]
