West Texas Intermediate (WTI) Oil price advances on Tuesday, according to FXStreet data. WTI trades at $72.92 per barrel, up from Monday’s close at $72.19.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.81 price posted on … [Continue reading]
Japanese Yen remains confined in a range against USD; bullish potential seems intact
The Japanese Yen draws some support from persistent worries about a global trade war. Expectations that the Fed could delay rate cuts benefit the USD and support USD/JPY. Bets that the BoJ will hike rates further underpin the JPY and cap the … [Continue reading]
Australian Dollar edges lower as Trump expands steel and aluminum tariffs
The Australian Dollar depreciates as Trump imposes a 25% tariff on all steel and aluminum imports. Australia’s Westpac Consumer Confidence rose 0.1% in February, reaching 92.2 in January from 92.1 prior. The US Dollar appreciates amid the rising … [Continue reading]
NZD/USD Price Analysis: Pair struggles at 20-day SMA as selling pressure builds
NZD/USD dips 0.30% on Monday, trading near 0.5640 amid renewed downside pressure. The pair is testing support at the 20-day SMA, a key threshold for short-term direction. RSI declines in negative territory, while MACD histogram shows weakening … [Continue reading]
Gold Price Forecast: XAU/USD record rally extends beyond $2,900
XAU/USD Current price: $2,902.98 US President Donald Trump gears up for another round of tariffs. Federal Reserve Chairman Powell's testimony and US inflation coming up next. XAU/USD may correct gains in the near term, but market players … [Continue reading]
USD mixed on latest tariff salvo – Scotiabank
The US Dollar (USD) starts the week a little firmer overall from Friday but well of its best overnight levels. Comments from President Trump over the weekend confirmed that reciprocal tariffs would be announced on steel and aluminum imports in the … [Continue reading]
USD/CAD Price Forecast: Tests 1.4350 resistance near nine-day EMA
USD/CAD tests the primary barrier at the nine-day EMA of 1.4362. The market sentiment remains neutral as the pair consolidates within a rectangular pattern. The psychological level of 1.4300 appears as the initial support. The USD/CAD pair ends its … [Continue reading]
Japanese Yen remains on the back foot; hawkish BoJ expectations help limit losses
The Japanese Yen is pressured by renewed worries about Trump’s trade tariffs. A modest USD strength provides a goodish lift to the USD/JPY pair on Monday. The divergent BoJ-Fed policy expectations should help limit deeper JPY losses. The Japanese … [Continue reading]
AUD/USD faces some selling pressure to near 0.6250 amid trade war threat
AUD/USD weakens to around 0.6245 in Monday’s early Asian session. Trump announced a 25% tariff on steel, aluminum imports. US Nonfarm Payrolls rose by 143,000 in January vs. 170,000 expected. The AUD/USD pair attracts some sellers to … [Continue reading]
Bean there, paying that: The rise of coffee prices
As a devoted coffee addict, I couldn’t help but notice that the price of my favorite espresso—or even a double espresso—has been creeping up over the past year. I've seen the same trend with my monthly coffee bean purchases. So, what’s going on with … [Continue reading]