Gold, USD Price Action Setups: USD/JPY, EUR/USD, GBP/USD
There's a bit of resolution in gold this week as the late-January sell-off led into three weeks of consolidation, which has taken on the form of an ascending triangle formation that was broken-through in early trade this week. Now the 5100 level that was resistance-turned-support before becoming resistance in that formation is back in play for a support test.
Gold pulls back from $5,249 as US Dollar firms on Fed rhetoric
Gold pulls back from $5,249 as US Dollar firms on Fed rhetoric
US Imposes Cyber-Related Sanctions on Russian Entities and Individuals
The United States has imposed cyber-related sanctions targeting several Russian entities and four individuals, including those based in Russia and the UAE. These measures aim to address cyber threats attributed to these parties.
U.S. Imposes Cyber Sanctions on Russian and UAE Individuals and Entities
The U.S. government has announced cyber-related sanctions targeting specific individuals and entities in Russia and the UAE. These measures aim to curb malicious cyber activities attributed to these actors. The sanctions reflect ongoing geopolitical tensions involving cybersecurity threats.
USD/KRW: Range trade with slight downside bias – OCBC
USD/KRW: Range trade with slight downside bias – OCBC
SNB Chairman Warns Inflation to Rise as Many Firms Unprepared for U.S. Tariffs
The Swiss National Bank Chairman revealed that nearly one-third of companies have not implemented measures to mitigate the impact of U.S. tariffs. He also expects inflation to increase in the upcoming months as a result of these trade tensions.
17 Counterparties Utilize $917M in Fed Reverse Repo Operation
Seventeen counterparties participated in the Federal Reserve's reverse repurchase agreement operation, absorbing $917 million. This move is part of the Fed's ongoing efforts to manage short-term interest rates and liquidity in the financial system.
Canadian Dollar Short-term Outlook: USD/CAD Retests Pivotal Resistance– Inflection Risk Builds
USD/CAD has rallied back toward a technically significant barrier after fully retracing its recent decline, placing price once again at a pivotal inflection zone. This area marks the upper boundary of the February range and aligns with structural retracement resistance within the broader trend.
USD/JPY Price Forecast: Bullish bias builds above 155.00 support
USD/JPY Price Forecast: Bullish bias builds above 155.00 support
Ukraine Envoy Praises U.S. Sanctions Bill, Expects Trump to Sign if Passed
Ukraine's envoy to the U.S., Stefanishyna, commended the proposed U.S. sanctions bill as largely positive and expressed confidence that former President Trump would sign it if it passes Congress. The bill aims to strengthen sanctions measures, reflecting ongoing geopolitical tensions.