US President Trump has named CEA Chair Stephen Miran as the temporary replacement for Fed Board member Adriana Kugler, serving until at least January 31, 2026.
As expected, Miran is closely aligned with Trump’s policy views, including support for tariffs and scepticism over the Federal Reserve’s independence.
Notably, Miran is a critic of the U.S. dollar’s...
UBS strategists view the Australian dollar as a compelling long opportunity at current levels, supported by expectations that the Reserve Bank of Australia will ease policy more gradually than the U.S. Federal Reserve.
The bank forecasts 75 basis points of rate cuts from the RBA through Q1 2026, compared to 100 basis points from the Fed—helping to preserve a...
Citi has raised its 3-month gold price target to $3,500-$3,600/oz, up from it previous guidance of $3,300.
The upgrade follows a deteriorating US economic outlook, weakening labor market trends, and growing concerns over Fed and data independence.
Gold is currently testing a critical resistance zone near $3,380, a level that has previously shown signs of...
After a packed calendar last week, this one looks lighter—but there are still key events across major economies likely to drive FX market movement.
India Tariffs and Oil Prices
U.S. President Donald Trump has announced plans to raise tariffs on Indian imports, citing India’s continued purchase and resale of Russian oil. The White House rightly claims this...
U.S. President Donald Trump has dismissed the head of the Bureau of Labor Statistics (BLS), reportedly in response to jobs figures he disagreed with.
This raises concerns about the integrity of government-reported economic data, especially ahead of the next key Non-Farm Payrolls (NFP) release on September 5.
This upcoming report also includes the BLS’s...
USD/INR surged from 86.30 to nearly 87.85 in just over a week, driven by U.S. President Donald Trump announcing plans to impose a 25% tariff on select Indian exports.
The latest 4H candles show signs of exhaustion, with price stalling near the highs and forming small-bodied candles with upper wicks—suggesting weakening bullish momentum. A break below 87.45...
Bitcoin has dipped below $118,000, putting pressure on the bullish structure that’s held for the past two weeks.
The attempted breakout above $121,000 has failed, and price is now breaking down through the middle of the consolidation range, threatening short-term higher lows. On the 4H chart, this move resembles a failed breakout with a potential double-top...
The Fed isn’t expected to cut rates this week, but this FOMC meeting should still be very interesting.
Powell will need to address growing pressure from board members Waller and Bowman, who’ve both called for cuts, citing limited inflation impact from tariffs.
Still, Powell is just one of 12 votes on the FOMC, and there’s little sign of broader support for a...
The euro surged in early Asian trade following the US–EU trade agreement announced over the weekend, but has since faced consistent selling pressure, eventually triggering stop-loss orders below 1.17, reflecting a classic buy-the-rumour, sell-the-fact market reaction.
The deal imposes 15% tariffs on most EU exports to the US, down from 25% for automobiles, while...
Federal Reserve Chair Jerome Powell is under mounting pressure from President Donald Trump to begin cutting interest rates.
Markets and analysts overwhelmingly expect the Fed to hold rates steady this Wednesday.
But what if the political heat is becoming too much to bear, and Powell and the Fed board advocate for a cut this week? Some Fed governors, Chris...
The tariff truce between the U.S. and several major trading partners is set to expire on August 1 . A deal with Japan has already been reached, but talks with the EU, Canada, and Mexico remain active.
In monetary policy, the Federal Reserve is widely expected to hold rates steady at 4.5% during its midweek meeting .
Across the border, the Bank of...
The US dollar is trading mixed after President Trump made a rare appearance at the Federal Reserve’s renovation site, in an attempt to distract from you know what.
While the visit had no formal policy announcements, Trump did try to further undermine Chair Jerome Powell by erroneously claiming the renovation cost had blown out to 3.1 billion by adding the cost...
The New Zealand dollar strengthened to around 0.6045, its highest level in over a week, supported by improved global risk sentiment following a breakthrough U.S.–Japan trade agreement.
The agreement, which lowers tariffs and boosts bilateral investment, triggered a surge in Japanese markets. Japan’s Nikkei 225 index jumped more than 3%, hitting a one-year high....
The dollar extended its slide on Tuesday, weighed down by soft US regional data and renewed political pressure on the Fed, reinforcing the market's dovish bias. The Richmond Fed manufacturing index plunged to -20, far below expectations, while business conditions and the Philly Fed survey showed slight improvements but remained in contractionary...
Tesla is set to report Q2 earnings after the closing bell on Wednesday, covering the quarter ending June 2025.
The stock has been highly volatile this year, amid concerns about tariffs, Elon Musk’s politics (and nazi salutes), and his public clashes with President Donald Trump.
Tesla bulls Wedbush think, “We are at a 'positive crossroads' in the Tesla...
The US dollar got off to a soft start to the week, though thinner summer trading conditions have restrained activity across G10 and emerging markets. The Japanese yen stole the spotlight in G10 after the Ishiba coalition lost its upper house majority, fueling speculation about potential Bank of Japan policy normalization and political instability, which likely...
Traders now price in a 60% chance of a Fed rate cut in September, as political pressure on the central bank intensifies.
Republican Rep. Anna Paulina Luna has officially accused Fed Chair Powell of perjury, while Treasury Secretary Scott Bessent has called for a full inquiry into the institution.
Earlier this month, former Fed Chair Janet Yellen told The New...
Ethereum is firmly in breakout mode. The ETH/BTC ratio , a closely watched measure of altcoin strength, has surged close to a year-to-date high.
ETH has now gained over 25% in the past week, fueled by institutional flows into ETH ETFs and tech investor Peter Thiel reportedly taking a major stake in BitMine.
RSI is at 84.82 , showing extremely strong...
