AUD/USD dropped to multi-day lows near 0.6320 on Tuesday. The US Dollar reversed recent gains despite the tariff narrative. The RBA’s Monthly CPI Indicator comes next on the docket. The US Dollar (USD) drifted lower and set aside part of the recent … [Continue reading]
Gold consolidates Tuesday’s losses with markets digesting latest tariff move from President Trump
An outlier day for Gold this Tuesday with losses on the quote board. The Trump administration seeks to corner China and toughens its semiconductor restrictions. Gold heads back to $2,935, though remains to look heavy with an … [Continue reading]
US Dollar Index Price Forecast: Could test nine-day EMA barrier near 107.00
The US Dollar Index may find primary support around the falling wedge’s lower boundary at 105.90. The 14-day RSI remains below 50, reinforcing bearish bias. The nine-day EMA of 106.89 appears as the immediate resistance. The US Dollar Index (DXY), … [Continue reading]
GBP/USD Price Forecast: Holds gains above 1.2600 support near nine-day EMA
The GBP/USD pair remains in an ascending channel pattern. The pair may face immediate resistance at the two-month high of 1.2690. The primary support appears at the nine-day EMA of 1.2597. The GBP/USD pair gains ground after registering losses in … [Continue reading]
USD/CAD posts modest gains above 1.4250 on tariff concerns
USD/CAD gains ground to around 1.4260 in Monday’s late American session. The downbeat US PMI weighs on the US Dollar, but escalating trade tension might cap its downside. Trump said tariffs on Canada and Mexico ‘will go forward’. … [Continue reading]
US Dollar steadies after geopolitical volatility
The US Dollar Index recovers earlier losses, stabilizing around 106.50. Euro pares gains after CDU leads German elections, easing political uncertainty. Markets focus on upcoming US GDP and PCE data later this week. US President Donald Trump set to … [Continue reading]
Gold near fresh all-time highs ahead of US trading session
Gold price has a new all time high in reach on Monday after US yields drop off further. The German Far-Right AfD has gained 20% of votes, though not enough to keep the CDU out of a comfortable lead. US Dollar Index trades flat with US … [Continue reading]
EUR: Optimistic reaction to German vote – ING
The German election results were broadly in line with opinion polls. The CDU/CSU is the leading party with 29%, followed by the far-right AfD at 21% and the SPD at 16%. While the CDU/CSU fared slightly worse than expected and the AfD’s growing … [Continue reading]
ECB’s Wunsch: We must not “sleepwalk” to cutting rates to 2%
European Central Bank (ECB) policymaker Pierre Wunsch told the Financial Times (FT), “I’m not pleading for a pause in April. But we must not "sleepwalk" to cutting rates to 2% without thinking about it.” Additional quotes If the data justify a rate … [Continue reading]
China unveils rural revitalisation plans in annual policy blueprint
China unveiled the State Council’s annual rural policy blueprint for 2025, known as the “No.1 document” on Sunday, outlining the priorities for further deepening rural reforms and taking solid steps in advancing all-around rural revitalization, per … [Continue reading]