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  31. <title>Gold price in Malaysia: Rates on March 14</title>
  32. <link>https://forexdepo.com/gold-price-in-malaysia-rates-on-march-14/</link>
  34. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  35. <pubDate>Fri, 14 Mar 2025 04:57:23 +0000</pubDate>
  36. <category><![CDATA[Forex News]]></category>
  37. <category><![CDATA[Gold]]></category>
  38. <category><![CDATA[Malaysia]]></category>
  39. <category><![CDATA[March]]></category>
  40. <category><![CDATA[Price]]></category>
  41. <category><![CDATA[Rates]]></category>
  42. <guid isPermaLink="false">https://forexdepo.com/gold-price-in-malaysia-rates-on-march-14/</guid>
  43.  
  44. <description><![CDATA[Gold prices remained broadly unchanged in Malaysia on Friday, according to data compiled by FXStreet. The price for Gold stood at 427.43 Malaysian Ringgits (MYR)&#8230;]]></description>
  45. <content:encoded><![CDATA[<p></p>
  46. <div id="fxs_article_content">
  47. <p>
  48.    Gold prices remained broadly unchanged in Malaysia on Friday, according to data compiled by FXStreet.
  49. </p>
  50. <p>
  51.    The price for Gold stood at 427.43 Malaysian Ringgits (MYR) per gram, broadly stable compared with the MYR 427.16 it cost on Thursday. </p>
  52. <p>
  53.    The price for Gold was broadly steady at MYR 4,985.44 per tola from MYR 4,982.30 per tola a day earlier.
  54. </p>
  55. <table border="1" cellpadding="1" cellspacing="1" overflow="scroll" style="width: 100%;">
  56. <thead>
  57. <tr>
  58. <th scope="col">Unit measure</th>
  59. <th scope="col">Gold Price in MYR</th>
  60. </tr>
  61. </thead>
  62. <tbody>
  63. <tr>
  64. <td>1 Gram</td>
  65. <td>427.43</td>
  66. </tr>
  67. <tr>
  68. <td>10 Grams</td>
  69. <td>4,274.28</td>
  70. </tr>
  71. <tr>
  72. <td>Tola</td>
  73. <td>4,985.44</td>
  74. </tr>
  75. <tr>
  76. <td>Troy Ounce</td>
  77. <td>13,294.51</td>
  78. </tr>
  79. </tbody>
  80. </table>
  81. <p>
  82.    <i><br />
  83.        FXStreet calculates Gold prices in Malaysia by adapting international prices (USD/MYR)<br />
  84.        to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of<br />
  85.        publication. Prices are just for reference and local rates could diverge slightly.<br />
  86.    </i>
  87. </p>
  88. <div class="post-module">
  89. <div id="content-module-faq-Commodities-gold-727" data-type="faq" data-module="faq" data-config-topic="gold" data-config-category="Commodities" data-version="v1" data-content-module-translate="0">
  90. <div class="fxs-faq-module-wrapper">
  91. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  92. <div class="fxs-faq-module-container">
  93.                <input type="checkbox" id="accordion0" checked="checked"/></p>
  94. <section class="fxs-faq-module-section">
  95. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  96. </section>
  97. <p>                <input type="checkbox" id="accordion1"/></p>
  98. <section class="fxs-faq-module-section">
  99. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  100. </section>
  101. <p>                <input type="checkbox" id="accordion2"/></p>
  102. <section class="fxs-faq-module-section">
  103. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  104. </section>
  105. <p>                <input type="checkbox" id="accordion3"/></p>
  106. <section class="fxs-faq-module-section">
  107. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up. </p>
  108. </section></div>
  109. </p></div>
  110. </div>
  111. </div>
  112. <p>
  113.    <em><br />
  114.        (An automation tool was used in creating this post.)<br />
  115.    </em>
  116. </p>
  117. </p></div>
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  119. ]]></content:encoded>
  123. <media:content url="https://editorial.fxsstatic.com/images/i/gold-03_Large.jpg" medium="image"></media:content>
  124. </item>
  125. <item>
  126. <title>AUD/JPY rebounds to near 93.50 amid stronger commodity prices, uncertainty over BoJ policy</title>
  127. <link>https://forexdepo.com/aud-jpy-rebounds-to-near-93-50-amid-stronger-commodity-prices-uncertainty-over-boj-policy/</link>
  129. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  130. <pubDate>Fri, 14 Mar 2025 04:43:28 +0000</pubDate>
  131. <category><![CDATA[Forex News]]></category>
  132. <category><![CDATA[AUDJPY]]></category>
  133. <category><![CDATA[BoJ]]></category>
  134. <category><![CDATA[commodity]]></category>
  135. <category><![CDATA[Policy]]></category>
  136. <category><![CDATA[prices]]></category>
  137. <category><![CDATA[Rebounds]]></category>
  138. <category><![CDATA[stronger]]></category>
  139. <category><![CDATA[Uncertainty]]></category>
  140. <guid isPermaLink="false">https://forexdepo.com/aud-jpy-rebounds-to-near-93-50-amid-stronger-commodity-prices-uncertainty-over-boj-policy/</guid>
  141.  
  142. <description><![CDATA[AUD/JPY strengthens as rising commodity prices, including gold, steel, and iron ore, support the Australian Dollar.  The AUD faced challenges after Trump decided to uphold&#8230;]]></description>
  143. <content:encoded><![CDATA[<p></p>
  144. <div id="fxs_article_content">
  145. <ul>
  146. <li><strong>AUD/JPY strengthens as rising commodity prices, including gold, steel, and iron ore, support the Australian Dollar. </strong></li>
  147. <li><strong>The AUD faced challenges after Trump decided to uphold a 25% tariff on Australian aluminum and steel exports.</strong></li>
  148. <li><strong>The BoJ is expected to leave interest rates unchanged next week while evaluating the risks of escalating US trade tensions.</strong></li>
  149. </ul>
  150. <p>AUD/JPY recoups recent losses from the prior session, trading around 93.30 during Asian hours on Friday. The Australian Dollar (AUD) finds support from rising commodity prices, including Gold, Steel, and Iron Ore, bolstering its strength against the Japanese Yen (JPY).</p>
  151. <p>However, global trade tensions weigh on the AUD/JPY cross following US President Donald Trump’s decision to maintain a 25% tariff on Australian aluminum and steel exports, valued at nearly $1 billion. This move adds pressure to Australia’s trade outlook and key exports. Despite this, Australian Prime Minister Anthony Albanese confirmed that Australia will not impose retaliatory tariffs on the US, stating that such measures would increase costs for consumers and drive inflation higher.</p>
  152. <p>Meanwhile, the Japanese Yen remains under pressure amid a cautious stance from the Bank of Japan (BoJ). The central bank is expected to keep interest rates unchanged next week while assessing the risks posed by escalating US trade tensions on Japan’s export-driven economy. The timing of the BoJ’s next rate hike remains uncertain, with policymakers monitoring global uncertainties.</p>
  153. <p>“Japan’s economy and price developments appear stable, but external risks are growing,” a source familiar with BoJ discussions told Reuters. “Heightened global uncertainty could impact the BoJ’s rate hike plans,” echoed two additional sources.</p>
  154. <p>Despite the recent pullback, the JPY remains near its strongest levels against its peers in months, supported by expectations of further BoJ rate hikes this year. Additionally, Japanese firms have agreed to substantial wage increases for the third consecutive year to help workers cope with inflation and address labor shortages. Higher wages are expected to boost consumer spending, fuel inflation, and provide the BoJ with greater flexibility for future rate hikes.</p>
  155. <p> </p>
  156. </p></div>
  157. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  158. ]]></content:encoded>
  162. <media:content url="https://editorial.fxsstatic.com/images/i/buillish-10_Large.png" medium="image"></media:content>
  163. </item>
  164. <item>
  165. <title>Gold price hits fresh all-time high; approaches $3,000 amid trade war fears</title>
  166. <link>https://forexdepo.com/gold-price-hits-fresh-all-time-high-approaches-3000-amid-trade-war-fears/</link>
  168. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  169. <pubDate>Fri, 14 Mar 2025 04:30:18 +0000</pubDate>
  170. <category><![CDATA[Forex News]]></category>
  171. <category><![CDATA[alltime]]></category>
  172. <category><![CDATA[approaches]]></category>
  173. <category><![CDATA[fears]]></category>
  174. <category><![CDATA[fresh]]></category>
  175. <category><![CDATA[Gold]]></category>
  176. <category><![CDATA[High]]></category>
  177. <category><![CDATA[Hits]]></category>
  178. <category><![CDATA[Price]]></category>
  179. <category><![CDATA[trade]]></category>
  180. <category><![CDATA[war]]></category>
  181. <guid isPermaLink="false">https://forexdepo.com/gold-price-hits-fresh-all-time-high-approaches-3000-amid-trade-war-fears/</guid>
  182.  
  183. <description><![CDATA[Gold price remains well supported by the uncertainty surrounding Trump’s aggressive trade policies. Fed rate cut bets further benefit the yellow metal, though a modest&#8230;]]></description>
  184. <content:encoded><![CDATA[<p></p>
  185. <div id="fxs_article_content">
  186. <ul>
  187. <li><strong>Gold price remains well supported by the uncertainty surrounding Trump’s aggressive trade policies.</strong></li>
  188. <li><strong>Fed rate cut bets further benefit the yellow metal, though a modest USD uptick caps further gains.</strong></li>
  189. <li><strong>An improvement in global risk sentiment would further warrant some caution for the XAU/USD bulls. </strong></li>
  190. </ul>
  191. <p>Gold price (XAU/USD) enters a bullish consolidation and oscillates in a narrow range near the all-time peak touched during the Asian session on Friday. Investors remain worried about US President Donald Trump&#8217;s aggressive trade policies and their impact on the global economy, which, in turn, continues to underpin demand for the safe-haven bullion. Apart from this, rising bets for further monetary policy easing by the Federal Reserve (Fed) turn out to be another factor that benefits the non-yielding yellow metal. </p>
  192. <p>However, some follow-through US Dollar (USD) buying, for the third straight day, along with a slight improvement in the global risk sentiment, keeps the Gold price below the $3,000 psychological mark. Furthermore, overbought conditions on the weekly chart seem to hold back bullish traders from placing fresh bets around the XAU/USD pair. Nevertheless, the precious metal remains on track to register strong gains for the second straight week and the fundamental backdrop supports prospects for additional gains. </p>
  193. <h2 class="fxs_headline_medium">Daily Digest Market Movers: Gold price continues to attract safe-haven flows amid rising trade tensions</h2>
  194. <ul>
  195. <li>US President Donald Trump ups the ante on the tariff war, saying that he would levy a 200% duty on European wine and cognac imports unless the European Union removes surcharges on US whiskey. Trump had earlier threatened that he would respond to any countermeasures announced by the EU.</li>
  196. <li>This comes on top of Trump&#8217;s 25% tariff on all steel and aluminum imports, which took effect on Wednesday, fueling concerns about the risk of a further escalation in the tariff war between the US and its top trading partner, and pushing the safe-haven Gold price to a fresh record high on Friday.</li>
  197. <li>Traders ramp up their bets that the Federal Reserve will have to lower interest rates this year by more than expected amid the rising possibility of an economic downturn on the back of the Trump administration’s aggressive policies. The expectations were lifted by softer US inflation figures this week. </li>
  198. <li>In fact, data released on Wednesday showed that the headline US Consumer Price Index (CPI) rose less than expected, by 2.8% on a yearly basis in February, down from 3% in the previous month. Moreover, the core gauge eased to the 3.1% YoY rate from the 3.3% increase registered in January.</li>
  199. <li>Adding to this, the US Producer Price Index (PPI) was unchanged in February and the yearly rate slowed to 3.2% from  3.7% in January. This pointed to signs of easing inflationary pressure in the US, which, along with a cooling US labor market, supports prospects for further easing by the Fed. </li>
  200. <li>Traders are currently pricing in the possibility of three 25 basis points Fed rate cuts each at the June, July, and October monetary policy meetings. This, in turn, is seen as another factor that underpins the non-yielding yellow metal, though a combination of factors keeps a lid on further gains.</li>
  201. <li>The global risk sentiment gets a minor lift in reaction to some positive comments out of the White House and from Canadian officials. Ontario Premier Doug Ford said that the meeting with US Commerce Secretary Howard Lutnick has lowered the temperature on the ongoing trade war. </li>
  202. <li>Moreover, Russian President Vladimir Putin expressed conditional support for a 30-day ceasefire proposal put forward by the US and Ukraine. This, along with reports that there will be enough Democratic votes to avoid a US government shutdown, further boosts investors&#8217; confidence. </li>
  203. <li>Meanwhile, the US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, prolongs its recovery from the lowest level since October 16 for the third successive day. This further contributes to capping the upside for the commodity during the Asian session.</li>
  204. <li>Traders now look forward to the Preliminary release of the Michigan US Consumer Sentiment and Inflation Expectations Index for short-term opportunities. The market focus will then shift to the crucial two-day FOMC monetary policy meeting starting next Tuesday.</li>
  205. </ul>
  206. <h2 class="fxs_headline_medium">Gold price needs to consolidate before making a sustained move above $3,000</h2>
  207. <p><img decoding="async" alt="fxsoriginal" src="https://editorial.fxsstatic.com/miscelaneous/image-638775228048946042.png" style="width: 651px; height: 308px;" title="Gold price hits fresh all-time high; approaches $3,000 amid trade war fears 2"></p>
  208. <p>From a technical perspective, this week&#8217;s breakout through the $2,928-2,930 horizontal resistance and a subsequent move beyond the previous record high, around the $2,956 region, could be seen as a fresh trigger for bulls. That said, the Relative Strength Index (RSI) on the daily chart remains close to the overbought territory and makes it prudent to wait for some near-term consolidation or a modest pullback before the next leg up. The broader setup, however, suggests that the path of least resistance for the Gold price remains to the upside and supports prospects for an extension of a nearly three-month-old well-established uptrend. </p>
  209. <p>In the meantime, any meaningful corrective slide is more likely to attract fresh buyers near the $2,956 area, below which the Gold price could drop to the $2,930-2,928 horizontal resistance breakpoint, now turned support. The latter should act as a key pivotal point and a convincing break below might prompt some technical selling, which should pave the way for deeper losses. The XAU/USD pair might then accelerate the fall towards the $2,900 round figure en route to the $2,880 region, or the weekly low touched on Tuesday.</p>
  210. <div class="module_faqs_cke post-module">
  211. <div data-config-category="Commodities" data-config-topic="gold" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Commodities-gold-92">
  212. <div class="fxs-faq-module-wrapper">
  213. <h2 class="fxs-faq-module-title">Gold FAQs</h2>
  214. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  215. <section class="fxs-faq-module-section">
  216. <p class="fxs-faq-module-content">Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.</p>
  217. </section>
  218. <p><input id="accordion1" type="checkbox"/></p>
  219. <section class="fxs-faq-module-section">
  220. <p class="fxs-faq-module-content">Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.</p>
  221. </section>
  222. <p><input id="accordion2" type="checkbox"/></p>
  223. <section class="fxs-faq-module-section">
  224. <p class="fxs-faq-module-content">Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.</p>
  225. </section>
  226. <p><input id="accordion3" type="checkbox"/></p>
  227. <section class="fxs-faq-module-section">
  228. <p class="fxs-faq-module-content">The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.</p>
  229. </section>
  230. </div>
  231. </div>
  232. </div>
  233. </div>
  234. <p> </p>
  235. </p></div>
  236. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  237. ]]></content:encoded>
  241. <media:content url="https://editorial.fxsstatic.com/images/i/gold-03_Large.jpg" medium="image"></media:content>
  242. </item>
  243. <item>
  244. <title>EUR/USD drifts lower below 1.0850 on US-EU tariff dispute</title>
  245. <link>https://forexdepo.com/eur-usd-drifts-lower-below-1-0850-on-us-eu-tariff-dispute/</link>
  247. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  248. <pubDate>Fri, 14 Mar 2025 04:12:04 +0000</pubDate>
  249. <category><![CDATA[Forex News]]></category>
  250. <category><![CDATA[dispute]]></category>
  251. <category><![CDATA[Drifts]]></category>
  252. <category><![CDATA[EURUSD]]></category>
  253. <category><![CDATA[Tariff]]></category>
  254. <category><![CDATA[USEU]]></category>
  255. <guid isPermaLink="false">https://forexdepo.com/eur-usd-drifts-lower-below-1-0850-on-us-eu-tariff-dispute/</guid>
  256.  
  257. <description><![CDATA[EUR/USD loses ground to near 1.0835 in Friday’s Asian session.  Trump threatens a 200% tariff on alcohol from the EU.  Traders raise their bets that&#8230;]]></description>
  258. <content:encoded><![CDATA[<p></p>
  259. <div id="fxs_article_content">
  260. <ul>
  261. <li><strong>EUR/USD loses ground to near 1.0835 in Friday’s Asian session. </strong></li>
  262. <li><strong>Trump threatens a 200% tariff on alcohol from the EU. </strong></li>
  263. <li><strong>Traders raise their bets that the Fed will restart its rate cuts in June. </strong></li>
  264. </ul>
  265. <p>The EUR/USD pair edges lower to around 1.0835 during the Asian trading hours on Friday. The Euro (EUR) weakens against the US Dollar (USD) amid an escalating trade war between the United States and the European Union. The German Harmonized Index of Consumer Price (HICP) for February and the preliminary Michigan Consumer Sentiment for March will be published later on Friday. </p>
  266. <p>Late Thursday, US President Donald Trump threatened to impose a 200% tariff on wine, cognac and other alcohol imports from Europe. This measure came in response to the EU plan to impose tariffs on American whiskey and other products in April, which itself is a reaction to Trump&#8217;s 25% duties on steel and aluminum imports that took effect on Wednesday. The latest twist of an escalating trade war exerts some selling pressure on the shared currency. </p>
  267. <p>The European Central Bank (ECB) policymaker and Bundesbank President, Joachim Nagel, said that US tariffs on imported goods could tip Germany, Europe’s largest economy, into another recession, adding to the country’s ongoing economic struggles. &#8220;We are in a world with tariffs, so we could expect maybe a recession for this year if the tariffs are really coming,&#8221; said Nagel on Thursday.</p>
  268. <p>On the other hand, the weaker US economic data and concerns over a US slowdown might drag the Greenback lower and cap the downside for the major pair. Barclays analysts adjusted its forecast for US Federal Reserve (Fed) interest rate decisions, now seeing two quarter-point cuts in June and September. Previously, Barclays projected a single 25 basis points (bps) cut in June. Short-term interest-rate futures have priced in nearly a 75% odds of a quarter-point reduction to the Fed&#8217;s policy rate by June, according to the CME FedWatch tool. </p>
  269. <div class="module_faqs_cke post-module">
  270. <div data-config-category="Forex" data-config-topic="tariffs" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Forex-tariffs-702">
  271. <div class="fxs-faq-module-wrapper">
  272. <h2 class="fxs-faq-module-title">Tariffs FAQs</h2>
  273. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  274. <section class="fxs-faq-module-section">
  275. <p class="fxs-faq-module-content">Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.</p>
  276. </section>
  277. <p><input id="accordion1" type="checkbox"/></p>
  278. <section class="fxs-faq-module-section">
  279. <p class="fxs-faq-module-content">Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.</p>
  280. </section>
  281. <p><input id="accordion2" type="checkbox"/></p>
  282. <section class="fxs-faq-module-section">
  283. <p class="fxs-faq-module-content">There are two schools of thought among economists regarding the usage of tariffs. While some argue that tariffs are necessary to protect domestic industries and address trade imbalances, others see them as a harmful tool that could potentially drive prices higher over the long term and lead to a damaging trade war by encouraging tit-for-tat tariffs.</p>
  284. </section>
  285. <p><input id="accordion3" type="checkbox"/></p>
  286. <section class="fxs-faq-module-section">
  287. <p class="fxs-faq-module-content">During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariffs. He also plans to use the revenue generated through tariffs to lower personal income taxes.</p>
  288. </section>
  289. </div>
  290. </div>
  291. </div>
  292. </div>
  293. <p> </p>
  294. <p> </p>
  295. </p></div>
  296. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  297. ]]></content:encoded>
  301. <media:content url="https://editorial.fxsstatic.com/images/i/EURUSD-bearish-object_Large.png" medium="image"></media:content>
  302. </item>
  303. <item>
  304. <title>GBP/USD holds steady as markets look elsewhere</title>
  305. <link>https://forexdepo.com/gbp-usd-holds-steady-as-markets-look-elsewhere/</link>
  307. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  308. <pubDate>Fri, 14 Mar 2025 03:52:55 +0000</pubDate>
  309. <category><![CDATA[Forex News]]></category>
  310. <category><![CDATA[GBPUSD]]></category>
  311. <category><![CDATA[holds]]></category>
  312. <category><![CDATA[markets]]></category>
  313. <category><![CDATA[steady]]></category>
  314. <guid isPermaLink="false">https://forexdepo.com/gbp-usd-holds-steady-as-markets-look-elsewhere/</guid>
  315.  
  316. <description><![CDATA[GBP/USD continues to churn near the 1.3000 handle. UK data remains strictly low-tier this week as markets focus on geopolitics. US inflation data teased lower&#8230;]]></description>
  317. <content:encoded><![CDATA[<p></p>
  318. <div id="fxs_article_content">
  319. <ul>
  320. <li><strong>GBP/USD continues to churn near the 1.3000 handle.</strong></li>
  321. <li><strong>UK data remains strictly low-tier this week as markets focus on geopolitics.</strong></li>
  322. <li><strong>US inflation data teased lower price pressures, but trade war rhetorics rattles sentiment.</strong></li>
  323. </ul>
  324. <p>GBP/USD churned chart paper for a second day in a row, holding steady just south of the 1.3000 handle as Cable traders take a breather and watch market headlines broadly sail past the Pound Sterling. US Producer Price Index (PPI) business-level inflation eased faster than expected in February. However, markets never got the chance to experience any joy from the easing inflation figures as US President Donald Trump continues his campaign to spark a global trade war between the US and everybody else. Despite the ongoing geopolitical headlines, Cable markets remain relatively untouched by tariff talk as the UK skates by unnoticed.</p>
  325. <p><strong>US President Trump wants to tariff EU wine, reiterates interest in Greenland</strong></p>
  326. <p>Coming up on Friday, the US data docket will close out a relatively packed week with the University of Michigan (UoM) Consumer Sentiment Index as well as UoM’s Consumer Inflation Expectations. Both figures are likely to see some negative influence from President Trump’s tariff tirades, and median market forecasts see the sentiment index declining to 63.1 for March, down from February’s 64.7. At the last print, the average consumer respondent expected 5-year inflation to clock in around 3.5%, implying inflation expectations remain entrenched well above the Federal Reserve’s (Fed) 2% target.</p>
  327. <p>UK Gross Domestic Product (GDP) growth figures are slated for release during the early Friday market session. However, the monthly figure is unlikely to spark much volatility, as it&#8217;s backdated to January and any shifts in the UK’s growth model are likely already priced in.</p>
  328. <h2 class="fxs_headline_medium">GBP/USD price forecast</h2>
  329. <p>The GBP/USD pair is experiencing its second consecutive week of gains, approaching new 18-week highs close to 1.2950. The significant 1.3000 resistance level may limit any additional upward movement, as this key level was previously a notable consolidation point in October and November of 2024.</p>
  330. <p>Currently, demand is strong among buyers, but technical indicators have remained in overbought territory since January, suggesting a potential reversal could happen soon.</p>
  331. <h2 class="fxs_headline_medium">GBP/USD daily chart<img decoding="async" src="https://editorial.fxsstatic.com/miscelaneous/image-638775029638756647.png" style="width: 1940;height: 1086;" alt="image 638775029638756647" title="GBP/USD holds steady as markets look elsewhere 4"></h2>
  332. <div class="module_faqs_cke post-module">
  333. <div data-config-category="Forex" data-config-topic="gbp" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Forex-gbp-777">
  334. <div class="fxs-faq-module-wrapper">
  335. <h2 class="fxs-faq-module-title">Pound Sterling FAQs</h2>
  336. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  337. <section class="fxs-faq-module-section">
  338. <p class="fxs-faq-module-content">The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).</p>
  339. </section>
  340. <p><input id="accordion1" type="checkbox"/></p>
  341. <section class="fxs-faq-module-section">
  342. <p class="fxs-faq-module-content">The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of “price stability” – a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.</p>
  343. </section>
  344. <p><input id="accordion2" type="checkbox"/></p>
  345. <section class="fxs-faq-module-section">
  346. <p class="fxs-faq-module-content">Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.</p>
  347. </section>
  348. <p><input id="accordion3" type="checkbox"/></p>
  349. <section class="fxs-faq-module-section">
  350. <p class="fxs-faq-module-content">Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.</p>
  351. </section>
  352. </div>
  353. </div>
  354. </div>
  355. </div>
  356. <p> </p>
  357. </p></div>
  358. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  359. ]]></content:encoded>
  363. <media:content url="https://editorial.fxsstatic.com/images/i/GBPUSD-neutral-object-1_Large.png" medium="image"></media:content>
  364. </item>
  365. <item>
  366. <title>GBP/USD hovers around 1.2950, four-month highs ahead of UK GDP, factory data</title>
  367. <link>https://forexdepo.com/gbp-usd-hovers-around-1-2950-four-month-highs-ahead-of-uk-gdp-factory-data/</link>
  369. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  370. <pubDate>Fri, 14 Mar 2025 03:35:18 +0000</pubDate>
  371. <category><![CDATA[Forex News]]></category>
  372. <category><![CDATA[ahead]]></category>
  373. <category><![CDATA[Data]]></category>
  374. <category><![CDATA[factory]]></category>
  375. <category><![CDATA[fourmonth]]></category>
  376. <category><![CDATA[GBPUSD]]></category>
  377. <category><![CDATA[GDP]]></category>
  378. <category><![CDATA[Highs]]></category>
  379. <category><![CDATA[hovers]]></category>
  380. <guid isPermaLink="false">https://forexdepo.com/gbp-usd-hovers-around-1-2950-four-month-highs-ahead-of-uk-gdp-factory-data/</guid>
  381.  
  382. <description><![CDATA[GBP/USD maintains its position near the four-month high of 1.2989 reached on March 13. Risk sentiment weakened after President Trump threatened a 200% tariff on&#8230;]]></description>
  383. <content:encoded><![CDATA[<p></p>
  384. <div id="fxs_article_content">
  385. <ul>
  386. <li><strong>GBP/USD maintains its position near the four-month high of 1.2989 reached on March 13.</strong></li>
  387. <li><strong>Risk sentiment weakened after President Trump threatened a 200% tariff on European wines and champagne.</strong></li>
  388. <li><strong>Traders will closely watch the UK GDP figures as the BoE has expressed concerns over the economic outlook.</strong></li>
  389. </ul>
  390. <p>GBP/USD continues its decline for the second straight session, trading near 1.2940 during Friday’s Asian session. The pair faces challenges as the Pound Sterling (GBP) struggles amid weakened risk sentiment, exacerbated by concerns over global trade after US President Donald Trump threatened a 200% tariff on European wines and champagne, unsettling markets.</p>
  391. <p>Traders now await the UK’s monthly Gross Domestic Product (GDP) and factory data for January, set for release on Friday. Investors will closely watch the UK GDP figures as the Bank of England (BoE) has expressed concerns over the economic outlook. In its February policy meeting, the BoE revised its GDP growth forecast for the year to 0.75%, down from the 1.5% projected in November.</p>
  392. <p>The US Dollar (USD) appreciates due to mounting concerns over a global economic slowdown, with traders focusing on Friday’s Michigan Consumer Sentiment Index data. The US Dollar Index (DXY), which tracks the USD against six major currencies, gained strength after Thursday’s positive jobless claims report and weaker-than-expected Producer Price Index (PPI) data. The DXY is trading around 104.00 at the time of writing.</p>
  393. <p>US Initial Jobless Claims for the week ending March 7 came in at 220,000, lower than the expected 225,000. Continuing claims dropped to 1.87 million, below the forecast of 1.90 million, indicating resilience in the US labor market.</p>
  394. <p>Inflationary pressures in the US showed signs of easing. The PPI rose 3.2% year-over-year in February, down from 3.7% in January and below the 3.3% market forecast. Core PPI, which excludes food and energy, increased 3.4% annually, compared to 3.8% in January. On a monthly basis, the headline PPI remained unchanged, while core PPI dipped by 0.1%.</p>
  395. <div class="module_calendar_event_cke post-module">
  396. <div class="fxs-event-module-wrapper" data-config-event-id="61b1d6bb-698e-41f7-8100-dc668c635c8b" data-config-mode="Upcoming" data-config-topic="d2991fd6-b408-4991-9e45-be3861b43a5a" data-content-module-translate="0" data-module="event" data-type="event" data-version="v1" id="content-module-event-d2991fd6-b408-4991-9e45-be3861b43a5a-455">
  397. <h2 class="fxs-event-module-title">Economic Indicator</h2>
  398. <div class="fxs-event-module-inner-calendar">
  399. <div class="fxs-event-module-calendar-title-description-wrapper">
  400. <h3 class="fxs-event-module-calendar-title">Gross Domestic Product (MoM)</h3>
  401. <p class="fxs-event-module-content">The Gross Domestic Product (GDP), released by the Office for National Statistics on a monthly and quarterly basis, is a measure of the total value of all goods and services produced in the UK during a given period. The GDP is considered as the main measure of UK economic activity. The MoM reading compares economic activity in the reference month to the previous month. Generally, a rise in this indicator is bullish for the Pound Sterling (GBP), while a low reading is seen as bearish.</p>
  402. <p><svg xmlns="http://www.w3.org/2000/svg" aria-hidden="true" class="fxs_icon fa-chart-bar fa-w-16" data-icon="chart-bar" data-prefix="far" focusable="false" height="1.3rem" role="img" viewbox="0 0 512 512" width="1.3rem"> <path d="M396.8 352h22.4c6.4 0 12.8-6.4 12.8-12.8V108.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v230.4c0 6.4 6.4 12.8 12.8 12.8zm-192 0h22.4c6.4 0 12.8-6.4 12.8-12.8V140.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v198.4c0 6.4 6.4 12.8 12.8 12.8zm96 0h22.4c6.4 0 12.8-6.4 12.8-12.8V204.8c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v134.4c0 6.4 6.4 12.8 12.8 12.8zM496 400H48V80c0-8.84-7.16-16-16-16H16C7.16 64 0 71.16 0 80v336c0 17.67 14.33 32 32 32h464c8.84 0 16-7.16 16-16v-16c0-8.84-7.16-16-16-16zm-387.2-48h22.4c6.4 0 12.8-6.4 12.8-12.8v-70.4c0-6.4-6.4-12.8-12.8-12.8h-22.4c-6.4 0-12.8 6.4-12.8 12.8v70.4c0 6.4 6.4 12.8 12.8 12.8z" fill="currentColor"> </path> </svg> <span>Read more.</span> </div>
  403. </div>
  404. </div>
  405. </div>
  406. <p> </p>
  407. </p></div>
  408. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  409. ]]></content:encoded>
  413. <media:content url="https://editorial.fxsstatic.com/images/i/GBPUSD-bearish-object_Large.png" medium="image"></media:content>
  414. </item>
  415. <item>
  416. <title>We don&#8217;t get a recursive Biden-flation</title>
  417. <link>https://forexdepo.com/we-dont-get-a-recursive-biden-flation/</link>
  419. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  420. <pubDate>Fri, 14 Mar 2025 03:21:52 +0000</pubDate>
  421. <category><![CDATA[Forex News]]></category>
  422. <category><![CDATA[Bidenflation]]></category>
  423. <category><![CDATA[Dont]]></category>
  424. <category><![CDATA[recursive]]></category>
  425. <guid isPermaLink="false">https://forexdepo.com/we-dont-get-a-recursive-biden-flation/</guid>
  426.  
  427. <description><![CDATA[In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, &#8220;we don&#8217;t get a recursive Biden-flation,” per Reuters. Further comments&#8230;]]></description>
  428. <content:encoded><![CDATA[<p></p>
  429. <div id="fxs_article_content">
  430. <p>In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, &#8220;we don&#8217;t get a recursive Biden-flation,” per Reuters.</p>
  431. <h2 class="fxs_headline_medium">Further comments</h2>
  432. <blockquote>
  433. <p>We&#8217;re very vigilant about inflation, it could happen again.</p>
  434. <p>Before we can bring down inflation, we also want to help affordability.</p>
  435. <p>As we bring down inflation, we want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments.</p>
  436. </blockquote>
  437. <h2 class="fxs_headline_medium">Market reaction</h2>
  438. <p>At the press time, the US Dollar Index (DXY) is trading 0.14% higher on the day to near 104.00.</p>
  439. </p></div>
  440. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  441. ]]></content:encoded>
  445. <media:content url="https://editorial.fxsstatic.com/images/i/american-continent-01_Large.jpg" medium="image"></media:content>
  446. </item>
  447. <item>
  448. <title>WTI holds position above $66.50 amid fresh US sanctions on Iranian Oil, shadow fleet</title>
  449. <link>https://forexdepo.com/wti-holds-position-above-66-50-amid-fresh-us-sanctions-on-iranian-oil-shadow-fleet/</link>
  451. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  452. <pubDate>Fri, 14 Mar 2025 03:09:25 +0000</pubDate>
  453. <category><![CDATA[Forex News]]></category>
  454. <category><![CDATA[fleet]]></category>
  455. <category><![CDATA[fresh]]></category>
  456. <category><![CDATA[holds]]></category>
  457. <category><![CDATA[Iranian]]></category>
  458. <category><![CDATA[Oil]]></category>
  459. <category><![CDATA[position]]></category>
  460. <category><![CDATA[sanctions]]></category>
  461. <category><![CDATA[shadow]]></category>
  462. <category><![CDATA[WTI]]></category>
  463. <guid isPermaLink="false">https://forexdepo.com/wti-holds-position-above-66-50-amid-fresh-us-sanctions-on-iranian-oil-shadow-fleet/</guid>
  464.  
  465. <description><![CDATA[WTI rises but is still set for its eighth straight weekly loss. Crude Oil prices climb following new US sanctions on Iranian oil and Hong&#8230;]]></description>
  466. <content:encoded><![CDATA[<p></p>
  467. <div id="fxs_article_content">
  468. <ul>
  469. <li><strong>WTI rises but is still set for its eighth straight weekly loss.</strong></li>
  470. <li><strong>Crude Oil prices climb following new US sanctions on Iranian oil and Hong Kong-flagged vessels linked to Iran’s shadow fleet.</strong></li>
  471. <li><strong>Oil demand struggles due to heightened global trade tensions after Trump threatened a 200% tariff on European wines and champagne.</strong></li>
  472. </ul>
  473. <p>West Texas Intermediate (WTI) Oil price edges higher on Friday after losing more than 1% in the previous session. However, WTI remains on track for its eighth consecutive weekly decline, trading around $66.70 per barrel during Asian hours. The price uptick comes as fresh US sanctions on Iranian Oil and shipping provide some support.</p>
  474. <p>On Thursday, the US imposed new sanctions targeting Iran’s Oil minister as part of its ongoing &#8220;maximum pressure&#8221; campaign against Tehran. The sanctions also extend to several Hong Kong-flagged vessels involved in Iran’s shadow fleet, which helps conceal oil shipments, according to the US Treasury Department.</p>
  475. <p>Despite this, crude Oil remains under pressure due to broader macroeconomic concerns. Fears that global trade tensions could dampen demand persist, especially after US President Donald Trump threatened a 200% tariff on all European wines and champagne during Thursday’s early US session, sparking concerns in global markets.</p>
  476. <p>Additionally, uncertainty looms over a proposed US-brokered ceasefire between Russia and Ukraine. Russian President Vladimir Putin stated on Thursday that Moscow agrees with the US proposal but insists that any ceasefire must pave the way for lasting peace and address the root causes of the conflict. European Union (EU) High Representative for Foreign Affairs and Security Policy, Kaja Kallas, suggested that Russia is likely to accept the ceasefire proposal but with conditions, according to Reuters.</p>
  477. <p>Further pressuring Oil prices, the International Energy Agency (IEA) warned that a growing supply surplus could intensify as trade tensions weigh on demand while The Organization of the Petroleum Exporting Countries and its alias, known as OPEC+, ramp up production. The IEA projects that global Oil supply will outpace demand by approximately 600,000 barrels per day (bpd) this year, driven by US-led supply growth. Meanwhile, demand growth is forecast at 1.03 million bpd—70,000 bpd lower than last month’s estimate.</p>
  478. <div class="module_faqs_cke post-module">
  479. <div data-config-category="Commodities" data-config-topic="wti" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Commodities-wti-645">
  480. <div class="fxs-faq-module-wrapper">
  481. <h2 class="fxs-faq-module-title">WTI Oil FAQs</h2>
  482. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  483. <section class="fxs-faq-module-section">
  484. <p class="fxs-faq-module-content">WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” and “sweet” because of its relatively low gravity and sulfur content respectively. It is considered a high quality Oil that is easily refined. It is sourced in the United States and distributed via the Cushing hub, which is considered “The Pipeline Crossroads of the World”. It is a benchmark for the Oil market and WTI price is frequently quoted in the media.</p>
  485. </section>
  486. <p><input id="accordion1" type="checkbox"/></p>
  487. <section class="fxs-faq-module-section">
  488. <p class="fxs-faq-module-content">Like all assets, supply and demand are the key drivers of WTI Oil price. As such, global growth can be a driver of increased demand and vice versa for weak global growth. Political instability, wars, and sanctions can disrupt supply and impact prices. The decisions of OPEC, a group of major Oil-producing countries, is another key driver of price. The value of the US Dollar influences the price of WTI Crude Oil, since Oil is predominantly traded in US Dollars, thus a weaker US Dollar can make Oil more affordable and vice versa.</p>
  489. </section>
  490. <p><input id="accordion2" type="checkbox"/></p>
  491. <section class="fxs-faq-module-section">
  492. <p class="fxs-faq-module-content">The weekly Oil inventory reports published by the American Petroleum Institute (API) and the Energy Information Agency (EIA) impact the price of WTI Oil. Changes in inventories reflect fluctuating supply and demand. If the data shows a drop in inventories it can indicate increased demand, pushing up Oil price. Higher inventories can reflect increased supply, pushing down prices. API’s report is published every Tuesday and EIA’s the day after. Their results are usually similar, falling within 1% of each other 75% of the time. The EIA data is considered more reliable, since it is a government agency.</p>
  493. </section>
  494. <p><input id="accordion3" type="checkbox"/></p>
  495. <section class="fxs-faq-module-section">
  496. <p class="fxs-faq-module-content">OPEC (Organization of the Petroleum Exporting Countries) is a group of 12 Oil-producing nations who collectively decide production quotas for member countries at twice-yearly meetings. Their decisions often impact WTI Oil prices. When OPEC decides to lower quotas, it can tighten supply, pushing up Oil prices. When OPEC increases production, it has the opposite effect. OPEC+ refers to an expanded group that includes ten extra non-OPEC members, the most notable of which is Russia.</p>
  497. </section>
  498. </div>
  499. </div>
  500. </div>
  501. </div>
  502. <p> </p>
  503. </p></div>
  504. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  505. ]]></content:encoded>
  509. <media:content url="https://editorial.fxsstatic.com/images/i/Commodities_Oil-2_Large.jpg" medium="image"></media:content>
  510. </item>
  511. <item>
  512. <title>Japanese Yen weakens amid positive risk tone; USD/JPY bulls retake 148.00 and seek higher levels beyond</title>
  513. <link>https://forexdepo.com/japanese-yen-weakens-amid-positive-risk-tone-usd-jpy-bulls-retake-148-00-and-seek-higher-levels-beyond/</link>
  515. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  516. <pubDate>Fri, 14 Mar 2025 02:57:57 +0000</pubDate>
  517. <category><![CDATA[Forex News]]></category>
  518. <category><![CDATA[Bulls]]></category>
  519. <category><![CDATA[Higher]]></category>
  520. <category><![CDATA[Japanese]]></category>
  521. <category><![CDATA[Levels]]></category>
  522. <category><![CDATA[positive]]></category>
  523. <category><![CDATA[retake]]></category>
  524. <category><![CDATA[Risk]]></category>
  525. <category><![CDATA[seek]]></category>
  526. <category><![CDATA[tone]]></category>
  527. <category><![CDATA[USDJPY]]></category>
  528. <category><![CDATA[Weakens]]></category>
  529. <category><![CDATA[Yen]]></category>
  530. <guid isPermaLink="false">https://forexdepo.com/japanese-yen-weakens-amid-positive-risk-tone-usd-jpy-bulls-retake-148-00-and-seek-higher-levels-beyond/</guid>
  531.  
  532. <description><![CDATA[The Japanese Yen drifts lower amid a slight improvement in the global risk sentiment. Hawkish BoJ expectations and rising trade tensions should back the safe-haven&#8230;]]></description>
  533. <content:encoded><![CDATA[<p></p>
  534. <div id="fxs_article_content">
  535. <ul>
  536. <li><strong>The Japanese Yen drifts lower amid a slight improvement in the global risk sentiment.</strong></li>
  537. <li><strong>Hawkish BoJ expectations and rising trade tensions should back the safe-haven JPY.</strong></li>
  538. <li><strong>Fed rate cut bets could act as a headwind for the Greenback and cap the USD/JPY pair. </strong></li>
  539. </ul>
  540. <p>The Japanese Yen (JPY) attracts some sellers during the Asian session on Friday and reverses the previous day&#8217;s positive move against its American counterpart amid a slight improvement in the global risk sentiment. Positive comments out of the White House and from Canadian officials, along with reports that there will be enough Democratic votes to avoid a US government shutdown, boost investors&#8217; confidence. This, in turn, leads to a modest recovery in the US equity futures and turns out to be a key factor undermining the JPY&#8217;s safe-haven status. </p>
  541. <p>Any meaningful JPY depreciation, however, still seems elusive in the wake of the growing acceptance that the Bank of Japan (BoJ) will hike interest rates again. Moreover, hawkish BoJ expectations led to the recent sharp narrowing of the rate differential between Japan and other countries, which should limit losses for the lower-yielding JPY. Apart from this, the underlying bearish sentiment surrounding the US Dollar (USD), amid bets that the Federal Reserve (Fed) will cut rates several times this year, might contribute to capping gains for the USD/JPY pair. </p>
  542. <h2 class="fxs_headline_medium">Japanese Yen is undermined by a positive risk tone; BoJ rate hike bets should limit losses</h2>
  543. <ul>
  544. <li>Ontario Premier Doug Ford said that the meeting with US Commerce Secretary Howard Lutnick was positive and productive and that it has lowered the temperature on the ongoing trade war. </li>
  545. <li>Adding to this, Canada&#8217;s Industry Minister Francois-Philippe Champagne and Finance Minister Dominic LeBlanc said that the discussion was constructive and that talks would continue.</li>
  546. <li>Senate Minority Leader Chuck Schumer signaled that Democrats will vote with Republicans to pass a six-month spending bill that would keep the US government funded through September. </li>
  547. <li>Russian President Vladimir Putin expressed conditional support for a 30-day cease-fire proposal put forward by the US and Ukraine, providing a modest lift to the global risk sentiment. </li>
  548. <li>Japan’s Prime Minister Shigeru Ishiba, earlier this week, underscored the significance of the spring wage negotiations and urged trade unions and companies to boost worker’s pay.</li>
  549. <li>A major Japanese labour union group said on Thursday its member unions had struck agreements for substantial wage hikes and the average rise was just over 5%, slightly smaller than last year.</li>
  550. <li>The preliminary results of Japan&#8217;s annual spring labor negotiations, known as Shunto, are due this Friday amid hopes that bumper wage hikes seen last year will continue this year.</li>
  551. <li>This, along with signs of broadening inflationary pressures in Japan, gives the Bank of Japan headroom to hike rates further, keeping the Japanese government bond yields elevated. </li>
  552. <li>The yield on the benchmark 10-year JGB remains close to its highest level since October 2008 touched on Monday, which, in turn, should continue to underpin the Japanese Yen.</li>
  553. <li>The US Dollar, on the other hand, struggles to attract any meaningful buyers and hangs near a multi-month low amid bets that the Federal Reserve will resume its rate-cutting cycle soon.</li>
  554. <li>In fact, market participants are currently pricing in the possibility of three 25 basis point Fed rate cuts each at the June, July, and October monetary policy meetings. </li>
  555. <li>The bets were lifted by Thursday&#8217;s data showing that the US Producer Price Index (PPI) was unchanged in February and the yearly rate slowed to 3.2% from  3.7% in January. </li>
  556. <li>This comes on top of softer-than-expected US Consumer Price Index (CPI) report on Wednesday and points to signs of easing inflation, which should allow the Fed to cut rates further. </li>
  557. <li>Traders now look forward to the Preliminary release of the Michigan US Consumer Sentiment and Inflation Expectations Index for short-term opportunities on the last day of the week. </li>
  558. </ul>
  559. <h2 class="fxs_headline_medium">USD/JPY may struggle to capitalize on modest intraday gains</h2>
  560. <p><img decoding="async" alt="fxsoriginal" src="https://editorial.fxsstatic.com/miscelaneous/image-638775175141693446.png" style="width: 651px; height: 308px;" title="Japanese Yen weakens amid positive risk tone; USD/JPY bulls retake 148.00 and seek higher levels beyond 6"></p>
  561. <p>From a technical perspective, any subsequent move-up is likely to confront some resistance near the 148.60-148.70 support breakpoint ahead of the 149.00 mark and the weekly swing high, around the 149.20 region. A sustained strength beyond the latter could trigger a short-covering rally towards the 150.00 psychological mark, above which the USD/JPY pair could climb to the 150.65-150.70 zone. The momentum could extend further towards the 151.00 mark and the monthly peak, around the 151.30 region.</p>
  562. <p>On the flip side, the 147.75-147.70 horizontal zone now seems to have emerged as an immediate support. A convincing break below could make the USD/JPY pair vulnerable to accelerate the fall towards the 147.00 round figure en route to the 146.55-146.50 region, or the lowest level since October touched earlier this week. Given that oscillators on the daily chart are holding in negative territory and are still away from being in the oversold zone, some follow-through selling will be seen as a fresh trigger for bears and pave the way for further losses.</p>
  563. <div class="module_faqs_cke post-module">
  564. <div data-config-category="Forex" data-config-topic="jpy" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Forex-jpy-214">
  565. <div class="fxs-faq-module-wrapper">
  566. <h2 class="fxs-faq-module-title">Japanese Yen FAQs</h2>
  567. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  568. <section class="fxs-faq-module-section">
  569. <p class="fxs-faq-module-content">The Japanese Yen (JPY) is one of the world’s most traded currencies. Its value is broadly determined by the performance of the Japanese economy, but more specifically by the Bank of Japan’s policy, the differential between Japanese and US bond yields, or risk sentiment among traders, among other factors.</p>
  570. </section>
  571. <p><input id="accordion1" type="checkbox"/></p>
  572. <section class="fxs-faq-module-section">
  573. <p class="fxs-faq-module-content">One of the Bank of Japan’s mandates is currency control, so its moves are key for the Yen. The BoJ has directly intervened in currency markets sometimes, generally to lower the value of the Yen, although it refrains from doing it often due to political concerns of its main trading partners. The BoJ ultra-loose monetary policy between 2013 and 2024 caused the Yen to depreciate against its main currency peers due to an increasing policy divergence between the Bank of Japan and other main central banks. More recently, the gradually unwinding of this ultra-loose policy has given some support to the Yen.</p>
  574. </section>
  575. <p><input id="accordion2" type="checkbox"/></p>
  576. <section class="fxs-faq-module-section">
  577. <p class="fxs-faq-module-content">Over the last decade, the BoJ’s stance of sticking to ultra-loose monetary policy has led to a widening policy divergence with other central banks, particularly with the US Federal Reserve. This supported a widening of the differential between the 10-year US and Japanese bonds, which favored the US Dollar against the Japanese Yen. The BoJ decision in 2024 to gradually abandon the ultra-loose policy, coupled with interest-rate cuts in other major central banks, is narrowing this differential.</p>
  578. </section>
  579. <p><input id="accordion3" type="checkbox"/></p>
  580. <section class="fxs-faq-module-section">
  581. <p class="fxs-faq-module-content">The Japanese Yen is often seen as a safe-haven investment. This means that in times of market stress, investors are more likely to put their money in the Japanese currency due to its supposed reliability and stability. Turbulent times are likely to strengthen the Yen’s value against other currencies seen as more risky to invest in.</p>
  582. </section>
  583. </div>
  584. </div>
  585. </div>
  586. </div>
  587. <p> </p>
  588. </p></div>
  589. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  590. ]]></content:encoded>
  594. <media:content url="https://editorial.fxsstatic.com/images/i/USDJPY-neutral-line_Large.png" medium="image"></media:content>
  595. </item>
  596. <item>
  597. <title>USD/CAD holds below 1.4450 amid trade uncertainty</title>
  598. <link>https://forexdepo.com/usd-cad-holds-below-1-4450-amid-trade-uncertainty/</link>
  600. <dc:creator><![CDATA[ForexDepo Team]]></dc:creator>
  601. <pubDate>Fri, 14 Mar 2025 02:46:04 +0000</pubDate>
  602. <category><![CDATA[Forex News]]></category>
  603. <category><![CDATA[holds]]></category>
  604. <category><![CDATA[trade]]></category>
  605. <category><![CDATA[Uncertainty]]></category>
  606. <category><![CDATA[USDCAD]]></category>
  607. <guid isPermaLink="false">https://forexdepo.com/usd-cad-holds-below-1-4450-amid-trade-uncertainty/</guid>
  608.  
  609. <description><![CDATA[USD/CAD softens to around 1.4430 in Thursday’s late American session.  US annual PPI inflation declined to 3.2% in February, softer than expected.  Canada&#8217;s Finance Minister&#8230;]]></description>
  610. <content:encoded><![CDATA[<p></p>
  611. <div id="fxs_article_content">
  612. <ul>
  613. <li><strong>USD/CAD softens to around 1.4430 in Thursday’s late American session. </strong></li>
  614. <li><strong>US annual PPI inflation declined to 3.2% in February, softer than expected. </strong></li>
  615. <li><strong>Canada&#8217;s Finance Minister said the country agreed to maintain dialogue. </strong></li>
  616. </ul>
  617. <p>The USD/CAD pair weakens to near 1.4430 during the late American session on Thursday, pressured by lower US yields. However, lower crude oil prices might weigh on the commodity-linked Loonie and help limit the pair’s losses. The preliminary Michigan Consumer Sentiment will take center stage on Friday.</p>
  618. <p>The concerns about slowing growth in the US economy from US President Donald Trump&#8217;s administration&#8217;s trade policies could exert some selling pressure on the Greenback. Data released by the US Bureau of Labor Statistics on Thursday showed that the US Producer Price Index (PPI) rose 3.2% on a yearly basis in February, compared to the 3.7% increase recorded in January. This figure came in below the market expectation of 3.3%.</p>
  619. <p>Meanwhile, the annual core PPI rose 3.4% in February versus 3.8% in January. On a monthly basis, the PPI was unchanged, while the core PPI declined by 0.1%.</p>
  620. <p>Canada&#8217;s Finance Minister Dominic LeBlanc said on Friday tariffs are harmful to both the United States and Canada, adding that moving forward with dialogue is crucial. Traders will closely monitor the developments surrounding Trump’s tariff policy. Any signs of an escalating trade war could undermine the Canadian Dollar (CAD) against the USD. </p>
  621. <p>On Wednesday, the Bank of Canada (BoC) cut its benchmark interest rate by 25 basis points (bps), bringing it down to 2.75%. This was the BoC’s seventh consecutive interest rate cut. A move that comes just hours after US President Donald Trump issued new steel and aluminum tariffs against Canada. </p>
  622. <p>BoC governor Tiff Macklem said during the press conference that the central bank would &#8220;proceed carefully with any further changes,&#8221; needing to assess both the upward pressures on inflation from higher costs in a trade war and the downward pressures from weaker demand.</p>
  623. <p>Meanwhile, a decline in crude oil prices on the back of steady tariff concerns could weigh on the commodity-linked Canadian Dollar (CAD). It’s worth noting that Canada is the largest oil exporter to the United States (US), and lower crude oil prices tend to have a negative impact on the CAD value.</p>
  624. <div class="module_faqs_cke post-module">
  625. <div data-config-category="Forex" data-config-topic="cad" data-content-module-translate="0" data-module="faq" data-type="faq" data-version="v1" id="content-module-faq-Forex-cad-950">
  626. <div class="fxs-faq-module-wrapper">
  627. <h2 class="fxs-faq-module-title">Canadian Dollar FAQs</h2>
  628. <div class="fxs-faq-module-container"><input checked="checked" id="accordion0" type="checkbox"/></p>
  629. <section class="fxs-faq-module-section">
  630. <p class="fxs-faq-module-content">The key factors driving the Canadian Dollar (CAD) are the level of interest rates set by the Bank of Canada (BoC), the price of Oil, Canada’s largest export, the health of its economy, inflation and the Trade Balance, which is the difference between the value of Canada’s exports versus its imports. Other factors include market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – with risk-on being CAD-positive. As its largest trading partner, the health of the US economy is also a key factor influencing the Canadian Dollar.</p>
  631. </section>
  632. <p><input id="accordion1" type="checkbox"/></p>
  633. <section class="fxs-faq-module-section">
  634. <p class="fxs-faq-module-content">The Bank of Canada (BoC) has a significant influence on the Canadian Dollar by setting the level of interest rates that banks can lend to one another. This influences the level of interest rates for everyone. The main goal of the BoC is to maintain inflation at 1-3% by adjusting interest rates up or down. Relatively higher interest rates tend to be positive for the CAD. The Bank of Canada can also use quantitative easing and tightening to influence credit conditions, with the former CAD-negative and the latter CAD-positive.</p>
  635. </section>
  636. <p><input id="accordion2" type="checkbox"/></p>
  637. <section class="fxs-faq-module-section">
  638. <p class="fxs-faq-module-content">The price of Oil is a key factor impacting the value of the Canadian Dollar. Petroleum is Canada’s biggest export, so Oil price tends to have an immediate impact on the CAD value. Generally, if Oil price rises CAD also goes up, as aggregate demand for the currency increases. The opposite is the case if the price of Oil falls. Higher Oil prices also tend to result in a greater likelihood of a positive Trade Balance, which is also supportive of the CAD.</p>
  639. </section>
  640. <p><input id="accordion3" type="checkbox"/></p>
  641. <section class="fxs-faq-module-section">
  642. <p class="fxs-faq-module-content">While inflation had always traditionally been thought of as a negative factor for a currency since it lowers the value of money, the opposite has actually been the case in modern times with the relaxation of cross-border capital controls. Higher inflation tends to lead central banks to put up interest rates which attracts more capital inflows from global investors seeking a lucrative place to keep their money. This increases demand for the local currency, which in Canada’s case is the Canadian Dollar.</p>
  643. </section>
  644. <p><input id="accordion4" type="checkbox"/></p>
  645. <section class="fxs-faq-module-section">
  646. <p class="fxs-faq-module-content">Macroeconomic data releases gauge the health of the economy and can have an impact on the Canadian Dollar. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the CAD. A strong economy is good for the Canadian Dollar. Not only does it attract more foreign investment but it may encourage the Bank of Canada to put up interest rates, leading to a stronger currency. If economic data is weak, however, the CAD is likely to fall.</p>
  647. </section>
  648. </div>
  649. </div>
  650. </div>
  651. </div>
  652. <p> </p>
  653. </p></div>
  654. <p><b><a href="https://portal.forexdepo.com/signup">REGISTER NOW with Forexdepo</a></b></p>
  655. ]]></content:encoded>
  659. <media:content url="https://editorial.fxsstatic.com/images/i/CAD-bearish-line_Large.png" medium="image"></media:content>
  660. </item>
  661. </channel>
  662. </rss>
  663.  

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