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EUR/USD remains above 1.0350, downside seems possible due to reciprocal tariff threats

EUR/USD remains above 1.0350, downside seems possible due to reciprocal tariff threats

EUR/USD remains steady around 1.0360 during Asian trading hours on Wednesday after gaining in the previous session. The pair could depreciate as US President Donald Trump’s administration is advancing a plan for reciprocal tariffs through executive action, bypassing Congress.

EUR/USD News
GBP/USD holds gains near 1.2450, downside risks appear due to hawkish Fed

GBP/USD holds gains near 1.2450, downside risks appear due to hawkish Fed

GBP/USD remains steady after registering gains in the previous session, trading around 1.2450 during the Asian hours on Wednesday. However, the pair could face challenges as US President Donald Trump’s 25% tariff hike has increased trade war tensions.

GBP/USD News
Gold challenges critical support ahead of US CPI inflation test

Gold challenges critical support ahead of US CPI inflation test

Gold price consolidates the previous pullback from record highs of $2,943, struggling below $2,900 early Wednesday. All eyes now remain on the high-impact US Consumer Price Index data due later in the day for fresh directional impetus in Gold price.

Gold News
CPI Data to reveal US inflation holding firm in January, with Fed’s target still out of reach

CPI Data to reveal US inflation holding firm in January, with Fed’s target still out of reach

The Consumer Price Index is expected to show an annual increase of 2.9% in January—matching the previous month’s reading. The core CPI is predicted to still remain above the Fed’s target at 3.1% compared to a year ago.

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Tariffs, what tariffs? Markets waver, as Trump’s tariff threats fail to dent market sentiment

Tariffs, what tariffs? Markets waver, as Trump’s tariff threats fail to dent market sentiment

Global stock markets brushed off tariff fears on Monday, however, as 25% levies on imports of steel and aluminum came into force late Monday night, which included steel and aluminum finished products, futures markets started to decline, and the S&P 500 along with the Eurostoxx 50 index are expected to open lower today as a tone of caution impacts financial markets.

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