Cohen

U.S. President Trump, in a recent interview, confirmed selecting a successor for Federal Reserve Chair Jerome Powell, pending an announcement amidst pivotal economic policy pressures.

Gold prices have broken through $3,700 as the market bets on a Federal Reserve rate cut. Geopolitical risks, trade frictions, and central bank gold purchases have driven gold prices higher. Trump's intervention in the Fed could further fuel the rally.

Gold was steady as markets opened on Monday, with traders weighing differing views from US Federal Reserve officials on how President Donald Trump’s tariff agenda will impact inflation.

The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.

Key Highlights EUR/USD started a fresh increase above the 1.0750 resistance zone. A short-term rising channel with support at 1.

China plans to issue 500 billion yuan (US$69 billion or RM306.46 billion) in special sovereign bonds, as it seeks to boost capital at its biggest banks to support the economic recovery, according to the government’s annual work report.

Global trade flows are shifting and fragmenting, while Donald Trump’s rapprochement with Vladimir Putin could complicate matters further.

In the euro area, focus turns to the inflation data for February. As hinted by the national releases (see our what happened over the weekend section), we forecast euro area headline inflation to decline to 2.3% y/y from 2.5% y/y.

Bitcoin price declined heavily and even traded below the $90,000 support.