Articles by: Michael Fisher

Gold Pressured by Strong Dollar and Fed Outlook

Key Moments XAU/USD trades below the $4,580 resistance area, maintaining a vulnerable tone despite earlier bids. Read more

Euro Falls as U.S. Strikes Boost Dollar Recovery

Key Moments EUR/USD trades slightly lower around 1.1633-1.1635 during the Asian session, with the near-term tone still weak below the 20-day EMA at 1.1667. U.S. forces conducted what they described as defensive strikes on Iranian missile launcher sites and vessels, helping the U.S. Dollar Index edge up toward 99.05. Technical setup points to fading bullish […] Read more

Loonie Holds Near 1.3800 on Fed, Geopolitical Risk View

Key Moments USD/CAD trades in a tight range around 1.3800 for a second straight day during Tuesday’s Asian session. Heightened Middle East risks and expectations of a hawkish Federal Reserve support fresh US Dollar buying. Rebounding Crude Oil prices bolster the Canadian Dollar and help limit additional upside in the pair. USD/CAD Steadies Near Multi-Week […] Read more

Silver Pulls Back as Gold/Silver Ratio Ticks Higher

Key Moments Silver (XAG/USD) trades at $75.93 per troy ounce, down 0.96% from $76.67 on Thursday, according to FXStreet data. Silver prices have risen 6.82% since the beginning of the year. The Gold/Silver ratio increased to 59.57 on Friday from 59.25 on Thursday. Spot Silver Retreats but Holds Year-to-Date Gain Silver prices (XAG/USD) declined on […] Read more

Citi Targets Asia as Core Engine for Global Wealth Expansion

Key Moments Citigroup plans to allocate a substantial share of its global wealth hiring to Asia as its private bank in the region delivers the fastest growth and highest productivity. The bank intends to recruit about 100 private bankers worldwide, plus roughly 400 specialists, with a significant proportion of those roles based in Asia. Citi’s […] Read more

Pound Rises vs Yen as Inflation Data Weighs on JPY

Key Moments GBP/JPY traded just above the mid-213.00s, hovering near the nearly two-week high reached on Thursday. Japan’s National core CPI slowed to 1.4% YoY in April from 1.8%, staying below the BoJ target for a third consecutive month. UK Retail Sales fell 1.3% in April, yet expectations for at least one BoE rate hike […] Read more

Feeder Cattle Futures Hit Limit on Demand Uncertainty

Key Moments Feeder cattle futures at the Chicago Mercantile Exchange closed down by the full 9.250-cent daily limit at 356.525 cents per pound. Market participants focused on potential softness in consumer demand ahead of the US Memorial Day holiday and a key USDA cattle report. June lean hog futures fell 2.150 cents to 95.125 cents […] Read more

Euro Slides vs Pound as Markets Await German IFO Data

Key Moments EUR/GBP trades around 0.8650, extending a five-day advance but remains under pressure as the Euro weakens ahead of major German releases. Flash PMI data showed the Euro Area economy shrinking in May at its fastest rate since late 2023, driven by surging living costs and higher input prices. The UK GfK Consumer Confidence […] Read more

AUDJPY Pulls Back on Jobs Data, RBA Hike Bets Ease

Key Moments AUD/JPY trades around 113.50 in early European dealings on Friday after a surprise rise in Australia’s Unemployment Rate. Market-implied probability of a June RBA rate hike falls to 3%, down from 13% before the latest employment data. The pair remains above the 100-day SMA at 110.70, with initial resistance at 113.65 and first […] Read more

Pound Stays Rangebound on Policy, Geopolitical Risk FX!

Key Moments GBP/USD traded around 1.3425-1.3430 in a tight Asian-session range, staying capped near its 100-day EMA. Mixed Bank of England commentary and UK political uncertainty limited upside for the British Pound. Geopolitical tensions involving Iran and hawkish Federal Reserve expectations continued to bolster the US Dollar. GBP/USD Trapped in Tight Band Despite Weekly Gain […] Read more