Trading news

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Tuesday at 7.0103 compared to the previous day's fix of 7.0108 and 6.9734 Reuters estimate.

The EUR/USD pair holds steady near 1.1665 during the early Asian trading hours on Tuesday. Traders digested the US President Donald Trump administration's threat to indict the Federal Reserve (Fed) after Chair Jerome Powell said on Sunday that he’s under criminal investigation. 

Gold Price (XAU/USD) jumps to near $4,600 during the early Asian session on Tuesday. The precious metal extends the rally after retreating from a fresh record high of $4,630 in the previous session amid uncertainty and geopolitical risks.

Japan Trade Balance - BOP Basis: ¥3137.8B (November) vs ¥2476.4B

Japan Bank Lending (YoY) registered at 4.4% above expectations (4.1%) in December

Japan Current Account n.s.a. below expectations (¥3594B) in November: Actual (¥3.674B)

Japan’s Finance Minister Satsuki Katayama said on Tuesday that she had held a bilateral discussion with US Treasury Secretary Scott Bessent and confirmed she had raised the issue directly with US officials in Washington.

US President Donald Trump said that any country that does business with Iran will face a tariff rate of 25% on any business conducted with the United States, effective immediately, Reuters reported on Monday.

The USD/JPY pair trades in positive territory near 158.10 during the early Asian session on Tuesday. The Japanese Yen (JPY) softens against the US Dollar (USD) amid political concerns in Japan.

Australia Westpac Consumer Confidence increased to -1.7% in January from previous -9%

Federal Reserve Bank of New York President John Williams said late Monday that US monetary policy is now “well positioned” to  guide inflation back to target without harming jobs. Williams signaled no urgency to resume interest-rate cuts as the central bank moves closer to a neutral policy stance.

The GBP/JPY rises on Monday, courtesy of a risk-off mood that weighed on safe-haven peers like the Japanese Yen and the Dollar, which are trading softer against most currencies. At the time of writing the cross-pair trade at 212.88 up 0.61%.

Gold (XAU/USD) rallies to new record high past $4,600 on Monday due to safe-haven flows courtesy of the US Department of Justice, which presented charges against the Federal Reserve Chair Jerome Powell over the building’s renovations. At the time of writing, XAU/USD trades at $4606, up more than 2%.

New Zealand NZIER Business Confidence (QoQ) up to 48% in 4Q from previous 18%

The US Dollar (USD) lost some of its shine on Monday, weighed down by renewed concerns over the Fed’s independence as investors seem to have started to pencil in a (more?) dovish Fed in the upcoming months.

The Australian Dollar (AUD) gains traction against the US Dollar (USD) on Monday, with AUD/USD snapping a three-day losing streak as broad-based weakness in the Greenback lifts the pair. At the time of writing, AUD/USD trades around 0.6714, up nearly 0.35% on the day.

United States 10-Year Note Auction dipped from previous 4.175% to 4.173%

NZD/USD advances and trades around 0.5770 on Monday, up 0.60% on the day at the time of writing. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) as renewed concerns over the independence of the Federal Reserve (Fed) underpin the pair.

United States 3-Year Note Auction fell from previous 3.614% to 3.609%

Silver (XAG/USD) rally extends for the second straight day, with buyers pushing prices to a new record high of $86.08 a troy ounce, posting gains of nearly 7.50%, courtesy of the US Department of Justice, which has indicted the Fed Chair Jerome Powell, over the renovations of the Fed’s buildings.