AUD/USD reversed a multi-day negative streak on Monday. The US Dollar sold off on the back of rising optimism in the risk complex. Investors will closely follow the release of the RBA’s Minutes on Tuesday. On Monday, the US Dollar (USD) met a fresh … [Continue reading]
EUR/USD Price Forecast: Optimism fuels EUR demand
EUR/USD Current price: 1.0463 Eastern European countries offered support to Ukraine amid tensions with the US. The United States ISM Manufacturing PMI is foreseen easing to 50.5 in February. EUR/USD extends intraday gains above 1.0450, higher highs … [Continue reading]
Spain HCOB Manufacturing PMI down to 49.7 in February from previous 50.9
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Gold Price Forecast: XAU/USD firms up on geopolitical and tariff uncertainty
Gold price extends the rebound early Monday and re-focuses on the $2,900 level. US Dollar falls as EUR/USD rallies hard on potential Ukraine truce; market mood improves. Gold price recovers but remains below 21-day SMA at $2,895 amid the bullish … [Continue reading]
AUD/USD recovers above 0.6200 on upbeat Chinese PMI data
AUD/USD rebounds to around 0.6215 in Monday’s early Asian session. China's NBS came in stronger than expected in February. Trump said he will impose an additional 10% tariff on China. The AUD/USD pair recovers some lost ground to … [Continue reading]
Bitcoin bows into the weekend following tensions from Trump-Zelensky meeting
President Donald Trump's meeting with Ukrainian President Volodymyr Zelensky at the White House turned into a heated argument. Tensions from the meeting may have stirred panic across financial markets, with Bitcoin and the S&P 500 failing to see … [Continue reading]
China NBS Manufacturing PMI registered at 50.2 above expectations (49.9) in February
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
China NBS Non-Manufacturing PMI registered at 50.4 above expectations (50.3) in February
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or … [Continue reading]
Silver Price Forecast: XAG/USD drops near 4% weekly on strong US Dollar
XAG/USD slips to $31.13, with downside risks growing Silver fails to hold above $33.00, triggering consolidation and selling pressure. Price tests 100-day SMA at $31.20; next key support at 50-day SMA of $30.89. Break below $30.89 could expose … [Continue reading]
USD/JPY Price Forecast: Rallies and reclaims 150.00, bulls eye key resistance
USD/JPY needs to clear 150.93 to invalidate the broader downtrend. Key resistance at 151.00 and Senkou Span A at 151.50. Failure to hold 150.00 could push the pair toward 148.57 support. The USD/JPY rallied for the third straight day after bottoming … [Continue reading]