EURUSD and GBPUSD attempted to recover from a weak Monday, while the Japanese yen strengthened, pulling back USDJPY after its strong rally on Monday.
Despite no breakthrough from the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, market sentiment remains slightly positive, mainly due to the lack of negative news.
Markets stay dicey early Friday as traders reassess fresh U.S. Producer Price Index (PPI)-driven inflation fears.
Trading sentiment remains mostly quiet as market participants await fresh clues to guide their next moves.
Markets stayed steady early Wednesday, reflecting a “calm after the storm” mood as traders reassessed moves after the United States (US) inflation report.
The AUDUSD drops for three straight days. EURUSD and GBPUSD both edged higher, with the British pound rising despite a mixed UK jobs report.
Asia-Pacific markets opened the crucial week on a muted note as Japan’s holiday and a light global calendar limited trading activity despite major weekend trade and political developments.
Gold stays strong at a two-week high, on track for its second consecutive weekly gain, driven by concerns over tariffs, political risks, and new U.S. tariffs on gold bars.
U.S. President Donald Trump shook global markets on Wednesday and carried the momentum into Thursday with fresh tariff measures and political plans.
Market sentiment is weighed down by a mix of U.S. economic data, President Trump’s trade and political threats, and caution ahead of key data releases.
Risk sentiment is mixed early Monday as traders digest Friday’s weak U.S. jobs report and President Trump’s actions, amid a quieter economic calendar.
President Trump’s new tariff hikes on Canada, Switzerland, and copper imports are taking center stage, overshadowing his push to reduce drug prices.
