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]
Dogecoin traders jittery as Elon Musk’s DOGE faces possibility of lawsuit with Trump’s inauguration
Dogecoin could erase weekly gains and risk decline as Washington Post uncovers lawsuit likely to be filed against DOGE. The lawsuit alleges Elon Musk’s DOGE is a federal advisory committee and is in violation of a 1972 law. DOGE price has … [Continue reading]
Pound Sterling gains against US Dollar ahead of Trump’s return to White House
The Pound Sterling outperforms its major peers as soft UK data weighs on gilt yields. Market experts project a 100 bps interest rate reduction by the BoE this year. The risk profile turns favorable for risky assets ahead of Trump’s inauguration. The … [Continue reading]
USD/CAD Price Forecast: Pulls back from multi-year highs near 1.4500
USD/CAD retreats from 1.4485, the highest level since March 2020, approached on Monday. The bullish bias remains intact, with the 14-day RSI holding above the 50 mark, signaling sustained upward momentum. The nine-day EMA at the 1.4405 level serves … [Continue reading]
Australian Dollar maintains position following PBoC policy decision
The Australian Dollar appreciates despite a cautious mood ahead of President-elect Donald Trump’s inauguration on Monday. The PBoC maintained its one- and five-year Loan Prime Rates at 3.10% and 3.60%, respectively. Traders adopt caution amid … [Continue reading]