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China is intensifying efforts to promote the yuan in global trade by enhancing cross-border financial services, responding to escalating trade disputes and protectionism. China's central bank has introduced a plan urging state-owned enterprises to prioritize the yuan for international payments and s

Trump blinked. Just like I’ve been expecting him to, based on his previous approach to negotiations. This is profound. Quoting today’s article from Yahoo!Finance: “US stocks rallied Wednesday after President Trump said he has "no intention" of firing Fed Chair Jerome Powell, easing Wall Street fears

USD/CAD gains as the US Dollar strengthens after Treasury Secretary Scott Bessent hinted at a potential de-escalation in trade tensions.The White House also signaled progress in trade talks aimed at easing the broad tariffs introduced earlier this month.The CAD found support from rising crude Oil pr

Tariffs are posing major headwinds for the U.S. and global economies, leading the International Monetary Fund to slash its 2025 growth forecast. President Donald Trump's April 2 rollout of "reciprocal" tariffs has not only shaken stocks – the S&P 500 is down 9% since the levies were launched – b

Gold prices surged to fresh highs amid concerns about the US Federal Reserve’s independence. Oil and other risk assets, however, are under pressure amid heightened global uncertainty. Metals – Gold surges to fresh record high Gold surged to new record highs as President Trump threatened to fire US F

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The Bank of Canada leaving policy on hold on Wednesday provided a minor boost for the Canadian Dollar (CAD) but the pair has nudged a little higher again this morning, reflecting minor gains in the US Dollar (USD), leaving funds trading more or less bang on our fair value estimate (1.3881), Scotiaba

XAU/USD Gold broke above psychological $3300 barrier and hit new record high on Wednesday morning, as growing uncertainty over US-China trade war sparked fresh wave of migration into safety, with weaker dollar adding support to metal’s price. Deteriorating fundamentals after China decided to stop an

The Dollar Index on a rise past 100 can head to 101-101.50. The Euro and EURINR tested 1.1474 and 98.77 as expected and now can witness a fall back to 1.12-1.11 and 96.0-95.5 respectively. EURJPY is stuck within 160-164 range. USDJPY needs to rise past 144 to negate the fall to140 in the near term.

Scope for US Dollar (USD) to continue to weaken vs Chinese Yuan (CNH); any decline is unlikely to reach the major support at 7.2430. In the longer run, sharp but short-lived price action has resulted in a mixed outlook; USD is likely to trade between 7.2430 and 7.3700 for now, UOB Group's FX analyst

With its strong economic power and geographical advantages, the UAE has become an important hub for global forex trading. In 2024, the forex trading volume in the Middle East grew by approximately 15%, with the UAE serving as the core driver, attracting the attention of many investors. For Taiwanese

Gold prices are gaining upward momentum once again. Investors are reacting to ongoing uncertainties in global trade and shifting expectations for U.S. monetary policy. The metal’s appeal as a safe-haven asset has grown stronger due to fresh concerns surrounding U.S.-China trade tensions and high inf