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Barrage of US data to shed light on US economy as tariff war heats up. GDP, PCE inflation and nonfarm payrolls reports to headline the week. Bank of Japan to hold rates but may downgrade growth outlook. Eurozone and Australian CPI also on the agenda, Canadians go to the polls. Trump continues to sow

XAU/USD Gold price fell on Friday after recovery attempts previous day failed to regain pivotal barriers at $3371 (broken Fibo 23.6% of $2956/$3500) and $3400 (psychological) and signal that corrective phase off new all-time high is over. Fresh weakness probes again through lower triggers at $3300 (

Asia Market Update: Equity markets rise; Trade talk details start to trickle out; CN said to consider certain tariff exemptions like during the prior trade war; US Tech earnings also in focus. General trend - Japanese companies due to report earnings include Advantest, Nomura Holdings, Keyence, Toky

Market wrap Relief was short-lived. The so-called rally, and unanchored one at that, tried to ride Trump’s tariff turnabout rolled over Thursday, as traders stepped back to reassess what, if anything, had actually changed. Asian equities broke stride, futures slipped into the red, and the dollar los

EUR/USD attracts some bids near 1.1300 as the US Dollar faces downward pressure after a two-day recovery.Washington has shown openness to reach a trade deal with China.ECB Nagel warns that the German economy could enter a mild recession. EUR/USD finds cushion near 1.1300 during European trading hour

Last week, OPEC published a new compensation plan to offset the previous overproduction, Commerzbank's commodity analyst Carsten Fritsch notes. OPEC announces new compensation cuts through 2026 "According to the plan, production cuts totalling 4.57 million barrels per day are planned for the eight a

The Greenback managed to regain strong upside traction and bounced off recent three-year lows vs. its main peers despite persistent tariff jitters and further Trump-Powell effervescence. Here is what you need to know on Wednesday, April 23: The US Dollar Index (DXY) posted decent gains on Tuesday, r

After four consecutive weeks of decline, the dollar index started the new Monday by continuing its move into the territory of three-year lows. Once again, a worrying sign is that this dollar weakness is not translating into buying in stocks or bonds — their indices are also losing ground. From a tec

With the U.S. imposing aggressive tariffs on Chinese goods, conventional wisdom suggests that Beijing will retaliate with a sharp devaluation of the yuan to counter the economic shock. But this assumption is flawed. The level of devaluation required to fully offset tariffs exceeding 100% would be ex

Key pointsTariffs and recession risks are likely to co-exist, and investors may need to think about how portfolios can stay resilient through both demand and supply shocks.Sectors tied to essential services, domestic demand, and strong balance sheets — such as utilities, retailers with high margins

EURUSD extended declines from a recent four-year high above 1.1473, as markets prepare for Wednesday’s ECB policy meeting. The European Central Bank is expected to cut rates in response to threats posed by US tariffs, falling inflation, and slower growth. Despite President Trump's issuing a 90% paus

Obviously, there is a learning curve for the US president when he continues to backpedal on tariffs. But the damage is done, trust is destroyed. Trump may call all these actions “dealmaking”, but in my view he underestimates two things, Commerzbank's FX analyst Antje Praefcke notes. Uncertainty keep

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Overview: The trade war continues to roil the capital markets. The US corrected itself and said that rather than 125%, tariffs on China have been raised by 145%. And China retaliated by hiking the tariff on US goods to 125%. Of course, the sensitivity of demand to price increases (elasticity) varies