Trading news

Gold price advances over 0.39% late in the North American session, with the precious metal climbing decisively above the psychological $2,650 figure with buyers setting their sights at the record high of $2,790.

The Canadian Dollar (CAD) fell flat on Wednesday, churning back into familiar midrange levels with USD/CAD stuck in the mud near the 1.4400 handle.

AUD/USD rises to a new monthly high just below 0.6300, helped by signs that United States (US) tariffs on China may not be as harsh as initially feared.

The US Dollar regained some balance and managed to set aside part of the weekly pullback as market participants continued to assess headlines around Trump 2.0.

The Mexican Peso (MXN) recovered on Wednesday after depreciating by 0.65% against the Greenback on Tuesday.

The US Dollar trades flat on Wednesday after two days of losses as the correction aims to continue.

The Dow Jones Industrial Average (DJIA) continues to lean into the bullish on Wednesday, climbing around 100 points and inching towards 44,200 as equities tilt into the buy button.

United States 20-Year Bond Auction up to 4.9% from previous 4.686%

Downside asymmetry in the set-up for Copper flows is forming. Range-bound price action is akin to time-decay for trend signals, which lowers the bar for whipsaws in algo positioning, TDS' Senior Commodity Strategist Daniel Ghali notes.

Algos are going to propel precious metals further. Markets expect CTAs will add to their net length in Gold over the coming week, in any scenario for future prices. This bolsters our conviction that the time for caution in gold has ended, TDS' Senior Commodity Strategist Daniel Ghali notes.

The USD/JPY rose in early trading during the North American session, bolstered by Trump’s trade rhetoric against Canada, Mexico, the EU, and China.

The EUR/GBP pair advanced modestly on Wednesday, climbing to 0.8450 as it continues to oscillate within a defined range of 0.8440 to 0.8475.

The AUD/USD pair revisits the monthly high around 0.6300 in Wednesday’s North American session.

United States Redbook Index (YoY) increased to 4.5% in January 17 from previous 4%

The USD/CHF pair ticks higher to near 0.9060 in Wednesday’s North American session.

Canada Raw Material Price Index above forecasts (0.4%) in December: Actual (1.3%)

Canada Industrial Product Price (MoM) below forecasts (0.6%) in December: Actual (0.2%)

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, stabilizes just below the 108.00 mark in the European trading session on Wednesday. However, selling pressure persists after US President Donald Trump

Linked with the increase in BoJ rate hike expectations, USD/JPY has dropped from a January high in the 158.87 area back below 156.00 this week, Rabobank’s FX analyst Jane Folet reports.

United States MBA Mortgage Applications dipped from previous 33.3% to 0.1% in January 17