TECHNICAL VIEW:
From technical standpoint, USDCHF is currently resisted around 0.9055 with investors currently waiting for the next catalyst to drive prices. On the economic calendar, the FOMC meeting would be on the wire later today by 11pm, with fresh insight into Fed’s policy stance. A hawkish tone would likely strengthen the USD and if that be the case,...
The Australian dollar has recently performed positively against the U.S. dollar, despite the U.S. dollar losing around 1.45% in the past few days. This decline came even after positive inflation data, as the annual Consumer Price Index (CPI) in the U.S. rose to 3.0%, marking its highest reading in seven months.
Today's daily close for AUD/USD will determine the...
• Implication of a stronger U.S. inflation data
• Technical view
The yellow metal rose in Asian trade on Thursday, after Wednesday’s retracement. Meanwhile, the record high created on Tuesday remains in sight, as optimism surrounding geopolitical tensions, market dynamics and amongst others ignited a risk on sentiment across board.
Fed Chair Powell’s...
On the 4-hour timeframe, the pair is trending downward after breaking the neckline near 2.19432. This level, which has since turned into a resistance zone, was recently retested.
Despite the last bullish candle closing strongly, signaling potential upside strength, sellers may still regain control, driving the price down toward 2.18404, with a further drop...
This week's trading had a significant impact on the Dow Jones Index and its recent upward trend. After US President Donald Trump threatened to impose tariffs on both Canada and Mexico over the weekend, US indices, including the Dow Jones, declined. The Dow reversed its upward trend and recorded a new low, just below 44,579.
Traders should monitor the current...
In the midst of escalating trade uncertainties, gold maintained its position as the ultimate safe haven asset. The ongoing trade tensions between the U.S., China, Mexico, and Canada fueled heightened market volatility. As a result, gold prices surge to a record high of $2,830.55, on Monday the 3rd of February 2025. This reflected investors' flight to safety amid...
Recently, the Australian dollar declined against the U.S. dollar to 0.6311, marking its lowest level since March 2020.
One of the main reasons behind this decline was the strength of the U.S. dollar, which has lost its upward momentum recently, increasing the chances of a rebound in the AUD/USD pair.
The recent positive rebound of the AUD/USD pair has broken the...
On Monday, January 27, reports showed China’s manufacturing activity contracted for the first time in four months, with the PMI dropping to 49.1 from 50.1 in December. The decline was attributed to the Lunar New Year holidays, as factory production slowed due to worker absences.
Given China's role as Australia's largest trading partner, particularly for...
Following stronger-than-expected EUR PMI results, EUR/USD surges this Friday, posting over 2.30% weekly gain to trade around 1.0515, though it is facing resistance near 1.0525. This recovery follows Monday's Jan. 13th low of 1.0177, the lowest price level since November 21, 2022.
The dollar showed notable weakness in the cause of the week, with the dollar index...
Markets are eagerly awaiting Friday, January 24, 2025, as highly significant economic indicators and news are expected to have a strong impact on the EUR/JPY pair and its medium-term direction. What are these data and news, and how might they affect the markets?
Key Developments in the Eurozone:
In addition to ECB President Christine Lagarde's speech, the...
As markets adjust to the new U.S. administration, “a dawn of a new era," DXY recovers after Trump’s inauguration. After experiencing a decline of over 1%, the index found support around 107.56 and is now trading at 108.40 as of 3:43 PM GMT+4 (Dubai time), marking a 0.61% increase.
From a fundamental standpoint, President Trump's second administration is...
POTENTIAL IMPACT OF THE FED'S TWO TIMES RATE CUTS ON BTC IN 2025
With the Fed now projecting two rate cuts in 2025, down from the previously expected four, markets may interpret this shift with various implications for riskier assets like Bitcoin (BTC). Lower interest rates typically increase market liquidity by making borrowing cheaper, potentially driving more...
How will inflation data impact gold price movements?
All eyes are on gold prices during today's trading, as significant volatility is expected with the release of U.S. inflation data. This is due to the negative correlation typically seen between the U.S. dollar and gold. However, it's important to note that this negative correlation is not always sustained. At...
Traders are closely watching the USD/CAD pair as labor market data from both the United States and Canada are set to be released today. Forecasts suggest a decline in Canadian employment change from 59k to 24.9k, accompanied by a rise in the unemployment rate from 6.8% to 6.9%. In contrast, U.S. non-farm payroll data is expected to show a decrease in job creation...
The US Dollar Index started 2025 with an increase of about 0.79%, which drove several currencies to decline to their lowest levels, including the British Pound, which continued its downward trend and touched 1.23527, its lowest level since April 2024.
The decline of the GBP/USD pair and the formation of a new low below 1.24774 confirm the bearish momentum of the...
The GBP/JPY pair is trading in an overall upward trend on the medium and long-term, forming higher highs confirming the bullish momentum and higher lows that maintain the bullish trend.
The pullback occurring in this pair is considered corrective for the upward trend, and the level of 195.114 is considered as a potential bullish point for a renewed rise to...
Following the recent Federal Reserve meeting, where expectations for 2025 interest rate cuts were adjusted from three to two, the US Dollar Index surged by approximately 1.28%. But what are the technical scenarios shaping its next moves?
On the daily chart, the US Dollar Index remains in an overall uptrend, recently hitting a higher peak at 108.071. The daily...
What’s next for Bitcoin? On December 17th, just about a week before Christmas, BTC reached an all-time high of $108,364, coinciding with the election of former President and President-elect Donald Trump. However, it seems Bitcoin might be surrendering last week’s gains as bearish momentum takes center stage during this festive period.
Several fundamental factors...
