The US Dollar consolidates on Wednesday after two days of losses as the correction aims to continue. Traders mull over the 10% levy over Chinese goods President Trump announced on Tuesday. The US Dollar Index (DXY) tests the 108.00 mark … [Continue reading]
DXY: 2-way trades on a daily chart – OCBC
US Dollar (USD) bounced slightly on headlines that President Trump is considering a 10% tariff on China in retaliation for the flow of fentanyl on 1 February. Trump also said that ‘we are talking about a tariff of 10% on China based on the fact that … [Continue reading]
USD/INR edges higher as Trump threatens China with tariffs
The Indian Rupee trades flat in Wednesday’s early European session. Renewed USD demand and Trump’s tariff announcements might weigh on the INR. The routine RBI intervention and lower crude oil prices might cap the downside for local … [Continue reading]
Will Bitcoin price reach $200K after Trump’s inauguration? BitDCA CTO weighs MicroStrategy, El-Salvador impact
Bitcoin price hit a new all-time high $109,000 after Trump’s inauguration on Monday. BTC on-chain transaction volumes dropped by 37% in the last two weeks, signaling that institutional investors are leading the current rally. In an exclusive … [Continue reading]
Mexican Peso remains heavy following Trump’s tariffs rhetoric
Mexican Peso trims gains post-Trump inauguration amid tariff threats against Mexico and Canada. President Sheinbaum commits to defend Mexico's sovereignty, seeks dialogue with heightened US tensions. Mexico's Retail Sales show resilience in November; … [Continue reading]
EUR/USD Price Analysis: Seller takes a toll on recent gains
EUR/USD drops to a low 1.0355 on Tuesday, shedding part of its weekly gains. RSI stands at 52 in positive territory, yet its rapid decline raises concern over near-term resilience. MACD histogram features rising green bars, hinting at … [Continue reading]
EUR/CAD gives up significant intraday gains ahead of Canadian inflation data
EUR/CAD gives up a majority of intraday gains and falls back below 1.0500. Trump mentioned that he planning to announce 25% tariffs on Canada and Mexico. The ECB is expected to cut its Deposit Facility rate gradually in each of its next four policy … [Continue reading]
Gold price sticks to intraday gains above $2,725, over two-month top amid trade war fears
Gold price gains strong positive traction amid the flight to safety after Trump’s tariff remarks. Bets for more Fed rate cuts weigh on the US bond yields and further underpin the yellow metal. A modest USD recovery, along with a positive risk … [Continue reading]
Japanese Yen pulls back from multi-week top against USD after Trump’s comments
The Japanese Yen weakened against the USD after Trump’s tariff remarks. The divergent BoJ-Fed expectations helped limit any further losses for the JPY. The narrowing US-Japan yield differential warrants caution for the JPY bears. The Japanese … [Continue reading]
NZD/USD Price Analysis: Pair surges, strengthening bullish signals
NZD/USD jumps 1.65% on Monday, reaching 0.5675 on fresh buying interest. RSI climbs to positive terrain, reflecting steady bullish momentum and room for further gains. MACD histogram shows rising green bars, indicating an accelerating upward … [Continue reading]