The U.S. dollar retreats after May’s ISM Services PMI hits 50.0, signaling stagnant growth and easing inflation pressures. Treasury yields drop as rate cut odds rise, boosting EUR/USD, GBP/USD, USD/CAD, and USD/JPY. Markets now eye faster Fed easing amid cooling economic momentum.
China’s strategic push to accumulate gold is reshaping global markets. By diversifying reserves away from the US dollar and boosting monetary sovereignty, Beijing’s actions are driving a notable revaluation in gold prices. This reflects broader geopolitical shifts and highlights gold’s role as a safe-haven amid rising uncertainties. Analysts and investors should closely monitor these developments for their impact on forex and global finance.
Beijing’s recent gold price revaluation marks a strategic shift as China strengthens its reserves to bolster yuan stability and hedge against geopolitical risks. This move reshapes global gold markets, challenging US dollar dominance and accelerating the trend toward de-dollarization in international finance.
The Nasdaq 100 and QQQ hit record highs as investors grow hopeful the Federal Reserve will cut rates soon. Weaker U.S. labor data and easing inflation boost expectations for a more accommodative Fed policy, fueling gains in tech stocks.
USD/JPY climbs as yen weakens after BOJ Governor Ueda’s dovish comments. While the Bank of Japan maintains ultra-loose policy amid economic uncertainties, the US Federal Reserve continues tightening, supporting a stronger dollar and widening the monetary policy gap.
USD/CAD mid-day sees consolidation near 1.3700 amid mixed technical signals. Resistance at 1.3761 must be cleared for bullish momentum; support at 1.3602 critical to hold. Macroeconomic drivers, including Fed policy outlook and oil price fluctuations, will shape near-term moves. Traders stay cautious as the pair balances between recovery attempts and downside risks. #forex #USDCAD #technicalanalysis
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GBP/USD enters Q4 2025 at a crossroads: will renewed UK fiscal credibility strengthen sterling, or will the US Federal Reserve’s policy stance keep the dollar dominant? BoE’s cautious inflation fight and fiscal challenges contrast with Fed’s direction—traders weigh which catalyst will tip the balance as year-end approaches. Read Fiona Cincotta’s analysis for detailed insights.
EUR/USD has broken below the 100-hour moving average after five sessions of holding this key support, signaling potential short-term bearish momentum. Stay tuned for how this shift may affect near-term price action and key support zones. Based on analysis by Greg Michalowski, InvestingLive.com.
USD/JPY climbs past 146 as the yen weakens following BOJ Governor Ueda’s dovish signals. Market eyes continued ultra-loose BOJ policy amid expectations of no imminent tightening, contrasting with Fed’s rate hikes. #Forex #USDJPY #BOJ
