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]
Bonk, Fartcoin meme coins maintain steady gains as TRUMP tumbles
Shiba Inu ecosystem’s Bonk has sustained over 50% gains in the past 30 days, aiming for a return above $0.00003.Fartcoin rallies within an ascending channel, backed by a bullish structure and multiple buy signals.TRUMP meme coin tumbles from $16 … [Continue reading]
US Dollar on the backfoot with Trump hinting to 50% tariff for EU
The US Dollar Index sees the previous day’s relief rally pared back in full on Friday. Trump hints to tariffs for EU and Apple.The US Dollar Index sees further losses and is on its way to test a fresh two-week lowThe US Dollar Index (DXY), … [Continue reading]
Forex Today: US Dollar retreats on fiscal concerns, Pound Sterling rises to multi-year highs
Here is what you need to know on Friday, May 23:The US Dollar (USD) struggles to hold its ground against its rivals on Friday after posting marginal gains on Thursday. The European Central Bank (ECB) will publish Negotiated Wage Rates data for the … [Continue reading]
Silver Price Forecast: XAG/USD rises above $33.00, receives support from safe-haven demand
Silver price appreciates as safe-haven demand counterbalances commodities’ concerns.Trump's “One Big Beautiful Bill” passed the US House of Representatives and is now headed to the Senate floor.US debt and tariff concerns undermined the Silver demand … [Continue reading]
GBP/USD flattens ahead of UK Retail Sales
GBP/USD pumped the brakes on Thursday, stuck near 1.3400.UK Retail Sales in the barrel for Friday, investors expect a third straight decline.Cable markets are losing steam after tapping fresh multi-year highs this week.GBP/USD treaded water on … [Continue reading]
EUR/USD Price Forecast: Extra gains need a stronger catalyst
EUR/USD halted its weekly recovery, revisiting the mid-1.1200s on Thursday.The US Dollar regained buying interest and reversed part of its recent drop.US flash PMIs surprised to the upside in May. PMIs in Europe came in mixed.The Euro (EUR) lost … [Continue reading]
EUR/USD declines as US Dollar strengthens after strong US PMI data
EUR/USD slides to near 1.1300 as the flash Eurozone PMI data surprisingly contracted in May.US President Trump warns that Russia could avoid ending the war in Ukraine.ECB’s Nagel is hopeful of an EU-US trade deal.EUR/USD is down 0.35% to near 1.1290 … [Continue reading]
Current upward bias to remain intact above the 55-day EMA – UOB Group
Improving upward momentum indicates EUR/USD could maintain its upward bias; it is premature to expect a retest of the 1.1573 high, UOB Group's FX analyst Quek Ser Leang reports. EUR/USD is still trying to edge higher"Our previous Chart of the Day … [Continue reading]
Australian Dollar advances as US Dollar depreciates ahead of PMI data
The Australian Dollar strengthens as the US Dollar weakens on Thursday.Australia’s Manufacturing PMI remains steady at 51.7 in May, meanwhile, Services PMI declines to 50.5.Fed officials noted that a decline in consumer and corporate confidence is … [Continue reading]