AUD AND NZD SHOW SIGNS OF RECOVERY Both the Australian Dollar (AUD) and New Zealand Dollar (NZD) have recently rebounded from long-term support levels against the US Dollar (USD). This recovery suggests renewed investor confidence in these currencies. The USD/JPY currency pair is currently trading within a symmetrical wedge
XAG/USD HOLDS GAINS ABOVE $31.00 DUE TO RENEWED SAFE-HAVEN DEMAND Silver (XAG/USD) is maintaining its value above the $31.00 per ounce mark, supported by increased demand for safe-haven assets. Recent geopolitical tensions, including military actions and threats, have heightened uncertainty, prompting investors to seek stability in
NZD/USD WEAKENS BELOW 0.5650 AS CHINA'S CPI FALLS IN MARCH The NZD/USD pair softened to approximately 0.5630 during the early Asian session on Thursday, marking a decline below the 0.5650 threshold. China's Consumer Price Index (CPI) rose by only 0.1%
PBOC SETS USD/CNY REFERENCE RATE AT 7.2092 VS. 7.2066 PREVIOUS The People's Bank of China (PBOC) establishes the daily midpoint for the yuan's trading range against the US Dollar (USD/CNY). For the upcoming trading session, the PBOC set the USD/CNY central
USD/CAD STRENGTHENS ABOVE 1.4100 ON TARIFF PAUSE The USD/CAD pair rose to approximately 1.4105 during the early Asian session on Thursday, recovering some of its previous losses. The US Dollar (USD) edged higher against the Canadian Dollar (CAD) following President Donald Trump's announcement of
AUD/USD SOARS TO NEAR 0.6050 AMID SIGNIFICANT WEAKNESS IN US DOLLAR The Australian Dollar (AUD) has surged against the US Dollar (USD), with the AUD/USD pair approaching the 0.6300 mark during North American trading hours on Wednesday. The USD has come under pressure due to concerns
GBP/USD LIKELY TO TRADE BETWEEN 1.2740 AND 1.2860 The GBP/USD currency pair is currently expected to trade within a range of 1.2740 to 1.2860. President Donald Trump's recent implementation of tariffs on imports from countries including China, Canada, and Mexico has led
EUR/CHF FALLS TO KEY TECHNICAL JUNCTURE AMID ESCALATING US-CHINA TRADE WAR The EUR/CHF currency pair has declined to a significant technical level, influenced by the intensifying trade conflict between the United States and China. The Swiss franc has emerged as a primary beneficiary in the foreign exchange market
USD/CAD TUMBLES BELOW 1.4200 AS US DOLLAR DIVES AMID US RECESSION FEARS The USD/CAD currency pair experienced a significant drop, falling to approximately 1.4180 during European trading hours on Wednesday. The decline in USD/CAD is primarily attributed to a weakening US Dollar, driven by growing
GOLD JUMPS TO $3,050 AS US TARIFFS GO INTO EFFECT Gold prices soared to a record high of $3,050 per ounce on Wednesday, marking a significant increase as new U.S. tariffs were implemented. President Donald Trump enforced tariffs of up to 104% on Chinese imports, aiming to
NZD/USD RISES ABOVE 0.5550 ON RISING HOPE OF DE-ESCALATION IN GLOBAL TRADE TENSIONS The NZD/USD pair has stabilized near 0.5560 during Wednesday's European session, following three consecutive days of losses. U.S. President Donald Trump's expressed openness to trade negotiations has fueled
GOLD PRICE JUMPS BACK ABOVE $3,000 AMID TRADE WAR THREAT TO GLOBAL GROWTH Gold (XAU/USD) regained positive momentum, surpassing the $3,000 per ounce mark during the Asian session on Wednesday, following a previous unsuccessful attempt to breach the $3,022-$3,023 resistance level. Persistent concerns over