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The yen strengthened past 152 per dollar, an eight-week high after BOJ board member Naoki Tamura suggested raising rates to 1% in late 2025. Finance Minister Katsunobu Kato warned of rising inflation, while strong wage data reinforced expectations of continued BOJ tightening. Real wages rose for a second month in December, with nominal wage growth hitting a...

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Silver rose above $31.5 per ounce, near its highest since early December, as easing trade war fears and strong manufacturing data stimulated demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs eased protectionist concerns. The ISM reported improving U.S. factory activity, reinforcing silver’s industrial demand...

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Gold surged past $2,850 per ounce, hitting a record high as investors turned to reliable long-term assets with fears that the US-China trade war could slow global growth. While President Trump delayed tariffs on Mexico and Canada, he imposed a 10% duty on Chinese imports, prompting Beijing to announce retaliatory tariffs on US energy products effective next...

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The USD Index (DXY) remains near its weekly low as expectations grow for further Fed monetary easing. Tuesday’s JOLTS report signaled a cooling US labor market, increasing speculation of rate cuts despite inflation concerns. Global sentiment is positive after President Trump delayed tariffs on Canadian and Mexican imports, easing trade war fears. This risk-on...

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The EUR/USD pair is struggling to sustain its recovery from the 1.0200 area, the lowest since January 13, and is fluctuating near Wednesday’s weekly high around 1.0375-1.0380, showing little change amid mixed economic signals. Tuesday’s JOLTS report signaled a US labor market slowdown, reinforcing expectations of two Fed rate cuts this year. A risk-on mood keeps...

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The Japanese yen strengthened past 154 per dollar on Wednesday, its highest in seven weeks, as strong wage and services data fueled expectations of a more aggressive Bank of Japan policy. Japan’s real wages rose for a second month in December, with nominal wage growth hitting a nearly 30-year high due to winter bonuses. The January services PMI was revised up to...

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Silver Gains as U.S. Factory Growth and Market Deficit Support Prices Silver rose above $31.5 per ounce, staying near its highest level since early December, as easing trade war fears and strong manufacturing data increased demand. While Trump imposed 10% tariffs on China and 25% on Canada and Mexico, a delay in Mexico’s tariffs reduced concerns over...

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Gold held above $2,810 per ounce on Tuesday, near its record high, as safe-haven demand stayed strong amid global trade uncertainties. Trump postponed tariffs on Mexico and Canada for a month after steps to address border security and drug trafficking, while 10% tariffs on China are still set for today. These tariffs could increase gold's appeal as an inflation...

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GBP/USD Recovers as Trump Pauses Tariffs, But Risks Persist The British pound rebounded above $1.24 after falling to $1.225, following Trump’s deal with Mexico’s President Sheinbaum to pause tariffs for a month. Uncertainty remains as Trump imposed 25% tariffs on Canada and Mexico, 10% on China, and threatened the EU and UK. Growing trade tensions have fueled...

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The euro edged up but stayed pressured around $1.03 amid uncertainty over Trump’s tariff policies. Over the weekend, Trump confirmed a 25% tariff on Mexican and Canadian imports, a 10% duty on Chinese goods, and threatened EU tariffs, citing the U.S. trade deficit. However, Mexico secured a one-month delay by agreeing to deploy 10,000 troops to curb fentanyl...

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Yen Falls Below 155 as U.S. Tariff Suspension Eases Safe-Haven Demand The Japanese yen fell below 155 per dollar on Tuesday as the suspension of U.S. tariffs on Mexico and Canada reduced safe-haven demand. On Monday, Trump agreed to pause the tariffs for a month after talks with both nations. Optimism is also rising over a possible U.S.-China deal to prevent the...

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Silver remained above $31.40 per ounce on Friday, staying close to a seven-week high as the Silver Institute forecasted a significant market deficit for the metal in 2025 for the fifth year. This shortfall is primarily driven by strong industrial demand and retail investment, which are expected to outweigh declining consumption in jewelry and silverware. Silver...

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Gold fell below $2,780 per ounce as the strengthening U.S. dollar outweighed safe-haven demand following the U.S. decision to impose tariffs on imports from Canada, Mexico, and China. Trump announced a 25% tariff on Canadian and Mexican goods and a 10% levy on Chinese imports, set to take effect on Tuesday. Although such developments typically stimulate demand for...

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The British Pound dropped to approximately $1.22, reaching its lowest level in nearly two weeks as Trump's tariffs sent a shock wave through major currencies. The Bank of England is still expected to cut interest rates by 25 basis points at its February 2025 meeting, though outperforming economic data suggests that additional rate cuts may be delayed. British...

ChartMage Updated 

The euro dropped to $1.02, marking its lowest level in three weeks, as the U.S. dollar strengthened following President Donald Trump's decision to implement tariffs of 25% on Canadian and Mexican imports and 10% on Chinese goods starting Tuesday. Trump has also warned of potential tariffs on the European Union, prompting the region to vow a strong response. These...

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The Japanese yen weakened beyond 155.5 per dollar, marking its second straight decline as the dollar strengthened. The US imposed a 25% tariff on imports from Mexico and Canada, along with a 10% tariff on Chinese goods, triggering retaliatory actions from the affected nations. Although Japan was not directly targeted, its export-driven economy remains exposed to...

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Silver Surges to $31.7 on Fed Speculation and Supply Deficit Silver jumped past $31.7 per ounce on Thursday, a six-week high, as Fed policy speculation boosted demand for non-yielding assets. The Silver Institute projected a fifth straight annual supply deficit despite higher output from China, Canada, and Chile. Investors also assessed industrial demand,...

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GBP/USD extended losses for a fourth session, trading near 1.2420 on Friday as a stronger US Dollar and renewed tariff threats from Trump pressured the pair. Late Thursday, Trump reiterated plans for a 25% import tax on Canadian and Mexican goods, with the first round set for February 1. He also threatened 100% tariffs on BRICS nations if they introduced a new...