MariaAgustinaPatti_Exness

MariaAgustinaPatti_Exness

Fundamental analysis The British pound held steady near $1.3250 following President Trump’s announcement of a US-UK trade deal. Although the 10% tariffs on British goods remained, the deal offered US procurement access and delayed decisions on UK agricultural market openings, indicating a modest initial scope. Meanwhile, the Bank of England delivered a 0.25%...

MariaAgustinaPatti_Exness

Fundamental analysis Gold is hovering around 3,330 per ounce on Thursday, rebounding after a two-day pullback as a softer dollar attracted bargain hunters. Treasury Secretary Scott Bessent emphasized the need to roll back US - China tariffs for progress in talks, a stance echoed by President Trump’s decision to exempt automakers from some duties, briefly easing...

MariaAgustinaPatti_Exness

Fundamental analysis USOIL fell to $60 per barrel on Fri, extending the drop from previous days and hitting their lowest since April 2021. Escalating US-China trade tensions, with China raising tariffs on US goods to 125% and the US now imposing 145% in total tariffs, stoked fears of weakening global demand. The EIA downgraded its global growth outlook, warning...

MariaAgustinaPatti_Exness

Fundamental analysis On 2 Apr, Trump imposed a 10% baseline tariff on all imports, with higher rates for key partners: China (34%), the EU (20%), and Japan (24%). A 25% tariff on foreign-made cars also took effect. Gold fell below 3,060 per ounce on Thursday after briefly topping near 3,160, as reports confirmed precious metals were excluded from Trump’s...

MariaAgustinaPatti_Exness

Fundamentals Natural gas (XNGUSD) fell to approximately $3.9/MMBtu, the lowest in three weeks, after the EIA reported a larger-than-expected inventory increase. US utilities added 9 billion cubic feet of gas to storage for the week ending March 14, surpassing the forecast of 3 billion cubic feet. This marks the first stock increase since November 2024, helping to...

MariaAgustinaPatti_Exness

Fundamental analysis The Mexican peso appreciated toward 19.85 per USD in March, marking a yearly high, driven by Mexico’s strong external position, including a trade surplus and steady remittance inflows. High interest rates continue to support the currency by attracting carry trade flows and foreign investment. Additionally, expectations of a Federal Reserve...

MariaAgustinaPatti_Exness

Fundamental analysis Silver declined to approximately $31.85 per ounce, marking its fourth consecutive drop amid demand uncertainties and strong supply. Profit-taking also pressured prices, though the metal remains up about 10% year-to-date. Hecla Mining Company, the largest silver producer in the U.S., reported a 13% rise in silver output for 2024, reaching...

MariaAgustinaPatti_Exness

Fundamental analysis The dollar index fell after weaker-than-expected retail sales figures raised concerns about the strength of the US consumer spending, which was likely hit by harsh weather and wildfires in LA. Meanwhile, CPI and PPI exceeded forecasts, though the PPI components feeding into the PCE index, the Fed's preferred inflation gauge, showed signs of...

MariaAgustinaPatti_Exness

Fundamental analysis Gold surged past $2,865 per ounce, a new record high as markets pursued safety amid growing concerns that a US-China trade war could impact global growth. Trump postponed tariffs on Mexico and Canada but moved forward with a 10% charge on all imports from China this week, prompting Beijing to announce retaliatory tariffs on US energy goods,...

MariaAgustinaPatti_Exness

Fundamental analysis GBPUSD dropped after rebounding at the resistance around 1.2500, due to US President Trump’s comment about imposing larger tariffs. Trump’s emphasis on targeting sectors like semiconductors, pharmaceuticals, and steel raised concerns over trade tensions, especially with Canada and Mexico, fueling the dollar’s strength. In the UK, the BoE is...

MariaAgustinaPatti_Exness

Fundamental Analysis The Canadian dollar declined, trading around the nine-year low reached on January 17th, after U.S. President Trump announced plans to impose tariffs of up to 25% on Canada starting next month. These tariffs are expected to significantly restrict demand from Canada's largest export destination, reducing dollar inflows. In addition, Trump...

MariaAgustinaPatti_Exness

Fundamental analysis Gold consolidated above 2,640 dollars per ounce on Tuesday as markets await the Non-Farm Payrolls (NFP) report next Friday and more Federal Reserve officials' speeches, which could provide more clues about the central bank's monetary policy outlook. On Monday, Fed Governor Christopher Waller said he is disposed to support another rate cut in...

MariaAgustinaPatti_Exness

Fundamental analysis USOIL fell below $72 a barrel after the disappointing Chinese stimulus announcements. China unveiled a plan to refinance local government debt and other measures to support a slowing economy that faces new risks from the reelection of Trump. The new administration may be bearish for crude prices on higher domestic production and tariffs that...

MariaAgustinaPatti_Exness

Fundamental analysis Gold lost momentum, trading slightly above $2,730 per ounce on Thursday, after the release of strong personal income and spending data, persistently above-target inflation, and a sharp reduction in jobless claims. This situation provided the Federal Reserve with more leeway to delay further aggressive rate cuts. Meanwhile, the potential for...

MariaAgustinaPatti_Exness

The dollar index rose above 104.40 today, its highest level since July, as markets continued to scale back odds on aggressive Federal Reserve rate cuts. The CME FedWatch tool shows a more than 90% chance that the Fed will opt for a 0.25% rate cut in November. Simultaneously, the upcoming US presidential election adds volatility, increasing upside momentum for the...

MariaAgustinaPatti_Exness

Fundamental analysis Gold continued to rise to a new record today, reaching around $2,748 per ounce, fueled by demand for a safe-haven asset due to increasing geopolitical tensions in the Middle East, the upcoming US presidential election just a few weeks away, and wider macroeconomic uncertainties. Moreover, monetary easing from major central banks (such as...

MariaAgustinaPatti_Exness

Fundamental analysis US natural gas prices consolidated in the short term after forecasts for higher demand and a federal report showing smaller-than-usual storage additions. This comes as producers reduced drilling earlier this year. However, gas stocks are still more than 4.5% above normal levels. Meteorologists expect warmer-than-normal weather through Nov....

MariaAgustinaPatti_Exness

Fundamental analysis Signs of strength in the US economy supported expectations that the Fed will take a more cautious approach to interest rate cuts. Although some US economic indicators showed a slight slowdown, markets pointed to robust jobs and September consumer inflation data. Rising odds of a Trump victory in the November election also increase...