ChartMage

ChartMage

EUR/USD traded around 1.1200 during Thursday’s Asian session, rebounding ahead of the Eurozone’s Q1 2025 GDP report. The Euro remains supported by its rising role in global reserves, with Capital Economics noting its strongest position in years. U.S. policies under President Trump set this shift in motion, which is seen as weakening the dollar’s appeal as a...

ChartMage

The Japanese Yen strengthened to around 146 per dollar, marking its third straight gain as global trade concerns weighed on the U.S. Dollar. Asian currencies broadly rose with speculation that the U.S. may be favoring a weaker Dollar to aid trade talks. Trump’s administration argues that undervalued Asian currencies create unfair competition for American...

ChartMage

Silver hovered around $32.50 Friday, easing from earlier highs as optimism around U.S.-UK trade progress and upcoming talks with China reduced precious metals demand. The Fed’s hold on interest rates and cautious tone also weighed on precious metals. Still, silver remains on track for a weekly gain. Technically, resistance is seen at $33.80, followed by $34.20...

ChartMage

Gold extended losses for a third day, dropping toward $3,290 as market appetite for risk improved ahead of U.S.-China trade talks. The announcement of a U.S.-UK trade deal also contributed to reduced safe-haven demand. The Fed held rates steady as expected, warning of risks to inflation and jobs but avoiding any hint of preemptive cuts. Still, gold is poised for a...

ChartMage

The GBP/USD pair opened Thursday with gains following the Bank of England’s expected 25 basis point rate cut, but the pound’s momentum faded as attention turned to U.S. trade developments. By Friday morning, the pair was trading around 1.3240. Sentiment shifted toward the U.S. dollar after the Trump administration announced an upcoming trade deal with the UK,...

ChartMage

EUR/USD edged up to 1.1230 in Friday’s Asian session, paring earlier losses caused by stronger U.S. data and easing trade tensions that supported the dollar. The euro remains under pressure as markets price in possible ECB rate cuts by June, though officials maintain confidence in inflation reaching the 2% target by year-end. The pair faces resistance at 1.1260,...

ChartMage

The Japanese yen weakened past 145 per dollar, hovering near a one-month low as the U.S. dollar strengthened with improving global trade sentiment and diminishing expectations of near-term U.S. rate cuts. The greenback gained momentum after President Trump announced a preliminary trade deal with the UK, the first since broad U.S. tariffs were introduced last...

ChartMage

Silver rose more than 1% to approach the $33 mark on Thursday, supported by renewed interest on precious metals with ongoing trade and economic uncertainty. The Federal Reserve left interest rates unchanged, with Chair Powell citing heightened risks while dismissing the need for early rate cuts. Sentiment was also influenced by President Trump’s announcement of an...

ChartMage

Gold slipped to around $3,360 per ounce on Thursday, pressured by the Fed’s cautious tone after keeping rates unchanged. Chair Powell dismissed preemptive cuts and highlighted inflation and labor market risks, dampening demand for non-yielding assets. However, gold's downside was limited by trade uncertainties as Trump reaffirmed tariffs before U.S.-China talks in...

ChartMage

The British pound hovered near $1.33 as traders awaited the BoE’s decision, with a 25 bps cut to 4.25% widely expected. Markets are also eyeing new economic forecasts for signals of further easing. While Trump’s tariff plans have stoked global slowdown fears, the UK is less exposed due to a U.S. goods surplus. A fresh trade deal with India, expected to generate...

ChartMage

EUR/USD traded just above 1.1300 on Thursday, staying in a tight range as reduced political uncertainty in Europe and a softer U.S. dollar offered mixed cues. The euro was supported by news of Friedrich Merz becoming Germany’s chancellor, while the dollar struggled despite a hawkish Fed pause, as Powell flagged tariff-related risks. Traders are focused on Trump’s...

ChartMage

The Japanese yen strengthened to around 143.6 per dollar on Thursday, recovering as rising global trade uncertainty stimulated demand for gold. The move followed President Trump’s announcement of a deal with a “big” country, reportedly the UK, and his refusal to cut tariffs on China ahead of U.S.-China talks in Switzerland. U.S.-Japan negotiations continue, with...

ChartMage

The Taiwanese dollar weakened past 30 per USD on Tuesday, reversing a two-day rally and retreating from its strongest level in nearly three years. 📉 Recent gains in Asian currencies like the TWD and MYR were fueled by speculation over regional support for U.S. trade talks. However, Taiwan’s central bank denied any such coordination, stating the U.S. made no...

ChartMage

Silver (XAG/USD) held steady on Tuesday, underpinned by safe-haven demand as U.S. tariff tensions and global growth concerns persisted. Although the U.S. dollar saw a slight recovery, silver maintained its ground with markets focused on the upcoming Federal Reserve policy decision. Expectations for unchanged rates and possible future easing could continue to lend...

ChartMage

Gold climbed to nearly $3,360 per ounce on Tuesday, marking its highest level in over a week, as renewed tariff threats from President Trump increased safe-haven demand. Trump announced a 100% tariff on foreign films and signaled upcoming measures targeting pharmaceuticals. Investors are now focused on the Federal Reserve’s policy decision, with rates expected to...

ChartMage

Sterling fell 0.24% to $1.3265 on Tuesday as the U.S. dollar firmed ahead of the Federal Reserve’s policy decision, with rates expected to remain unchanged. While the dollar recovered slightly, doubts over its safe-haven appeal and Trump’s tariff stance persist. Markets also await the Bank of England’s meeting, where a 25 bps rate cut is expected. Dovish signals...

ChartMage

The euro is trading around $1.1315 on Tuesday, pressured by a stronger U.S. dollar ahead of the Federal Reserve’s policy decision, where rates are expected to remain unchanged. However, the dollar still faces headwinds from doubts over its safe-haven appeal and President Trump’s unpredictable tariff stance. A dovish Fed or continued skepticism toward the dollar...

ChartMage

The Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and...