SILVER (XAG/USD) FORECAST Silver prices are approaching a critical technical level at $33.11, with bullish momentum building as traders anticipate a breakout. This potential move is supported by a combination of factors, including favorable economic conditions and technical indicators. Silver is testing a significant resistance level at $33.
AUD/JPY TRADES HIGHER NEAR 91.00 DESPITE CAUTIOUS REMARKS FROM CHINESE FOREIGN MINISTRY The AUD/JPY currency pair has recently reversed a three-day losing streak, trading around 90.90 during Wednesday's European session. This rebound is primarily attributed to resilient Australian economic data and a positive global
USD/INR ATTRACTS SOME BUYERS ON PAHALGAM TERROR ATTACK The Indian Rupee (INR) has depreciated against the U.S. Dollar (USD) following the tragic terrorist attack in Pahalgam, Kashmir. The USD/INR currency pair has edged lower, with the INR weakening amid rising crude oil prices and increased demand for
EUR/USD PRICE FORECAST: BOUNCES OFF 1.1300 NEIGHBORHOOD; SHOWS RESILIENCE BELOW 23.6% FIBO The EUR/USD currency pair experienced a decline to a one-week low during the Asian session on Wednesday, dropping to the 1.1300 region. the pair rebounded slightly, trading around 1.1380, still down over
GOLD PRICE SHOWS SIGNS OF BULLISH EXHAUSTION AMID POSITIVE TURNAROUND IN RISK SENTIMENT Gold prices experienced a significant pullback on April 23, 2025, after reaching a record high of $3,500 per ounce the previous day. This decline reflects a shift in investor sentiment, influenced by developments in U.S.
USD/CHF PRICE FORECAST The USD/CHF currency pair is currently trading near 0.8225, bolstered by renewed U.S. dollar demand amid optimism surrounding a potential U.S.-China trade deal. Despite this uptick, the pair remains below the critical 0.8250 resistance level, suggesting a continued bearish outlook.
GBP/USD TRADES LOWER AROUND 1.3300, RETREATS FROM SEVEN-MONTH HIGHS DUE TO US OPTIMISM The GBP/USD currency pair has experienced a decline, trading around 1.3300 during Wednesday's Asian session. This retreat follows a seven-month high of 1.3424 recorded in the previous session. The pullback
GBP/USD WEAKENS AS US DOLLAR GAINS STRENGTH AMID OPTIMISTIC TONE FROM PRESIDENT TRUMP The GBP/USD currency pair has experienced a decline, trading around 1.3300 during Wednesday's Asian session. This retreat follows a seven-month high of 1.3424 recorded in the previous session. The pullback is
GBP/USD WEAKENS BELOW 1.3300 AS US DOLLAR RISES The GBP/USD currency pair has declined to approximately 1.3280 during the early Asian session on Wednesday. This movement reflects a strengthening of the U.S. Dollar (USD) amid renewed market optimism following comments by U.S. Treasury Secretary
PBOC SETS USD/CNY REFERENCE RATE AT 7.2116 VS. 7.2074 PREVIOUS FIXING On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central parity rate at 7.2116, slightly higher than the previous day's fixing of 7.2074. This daily reference rate
NZD/USD STRENGTHENS ABOVE 0.5950 AMID HOPES FOR US-CHINA TRADE DEAL The New Zealand Dollar (NZD) has gained momentum against the US Dollar (USD), with the NZD/USD pair trading around 0.5980 during the Asian trading hours on Wednesday. U.S. Treasury Secretary Scott Bessent described the ongoing
USD/CAD TRADES HIGHER NEAR 1.3850 DUE TO POTENTIAL DE-ESCALATION OF ONGOING TARIFF DISPUTE The USD/CAD currency pair has rebounded from two consecutive sessions of losses, trading near 1.3830 during Asian hours on Wednesday. This upward movement is attributed to renewed support for the U.S. dollar