Silver Price Surges Above $30 Amid Global Trade Tensions Silver prices (XAG/USD) have rebounded, trading around $30.05 during the early European session on Monday. This surge is primarily attributed to heightened safe-haven demand amid escalating global trade tensions. The intensification of trade disputes, particularly between the U.S.
GBP/USD Rebounds After Touching One-Month Low Amid Trade Tensions The British Pound (GBP) has shown resilience against the U.S. Dollar (USD), rebounding after reaching a one-month low. This movement comes amid escalating trade tensions between the U.S. and China, following the U.S. implementation of significant tariffs.
Global Tensions Escalate: Key Developments in Trade and Politics Iran rejects direct nuclear talks with the U.S. but is open to indirect negotiations. Emphasizes a commitment to regional peace and no intention of building nuclear weapons. Iran criticizes the U.S. as untrustworthy and promises heavy counterattacks against any
NZD/USD Weakens Amidst U.S.-China Trade Tensions and Tariff Retaliations The New Zealand Dollar (NZD) is experiencing selling pressure, trading around 0.5565 against the U.S. Dollar (USD) during the early European session on Monday. This decline is primarily attributed to escalating trade tensions between the United
USD/CAD Advances Amidst Oil Price Decline and Canadian Economic Challenges The USD/CAD currency pair has experienced a notable uptick, trading around the mid-1.4200s. This movement is primarily influenced by a significant drop in oil prices and recent economic developments in Canada. Oil prices have fallen by approximately
PBOC Sets USD/CNY Reference Rate at 7.1980 Amid Trade Tensions On Monday, April 7, 2025, the People's Bank of China (PBOC) established the USD/CNY central parity rate at 7.1980, slightly weaker than the previous fix of 7.1889. This adjustment comes ahead of the
EUR/USD Remains Steady Amid Rising Trade Tensions and Divergent Monetary Policies The EUR/USD currency pair has shown limited movement, trading above the mid-1.0900s as investors adopt a cautious stance amid escalating trade tensions and contrasting monetary policies between the Federal Reserve (Fed) and the European Central Bank
Gold Prices Fluctuate Amidst Trump's Tariff Announcements Recent developments surrounding President Donald Trump's tariff announcements have significantly influenced gold prices, leading to both surges and subsequent corrections. Prior to the official tariff announcement, gold prices, along with other metals like copper and silver, reached record highs
GBP/USD Bounces Back: Defends 200-Day SMA and Surpasses 1.2900 Mark The GBP/USD currency pair has recently demonstrated resilience, rebounding from a one-month low and reclaiming the 1.2900 level. This movement is significant as it not only defends the 200-day Simple Moving Average (SMA) but also indicates
Australian Dollar Faces Significant Pressure Amid New U.S. Tariffs The Australian dollar (AUD) has recently experienced notable fluctuations, primarily influenced by the announcement of new U.S. tariffs under President Donald Trump. These developments have raised concerns about a potential global recession and have significantly impacted Australia's
Gold (XAUUSD) Price Forecast: Margin Calls Trigger Liquidation, Is $3,000 the Next Target? Gold prices have recently experienced significant volatility, reaching new record highs but also facing sharp corrections. This price action is influenced by a combination of factors, including forced liquidations due to margin calls and broader economic
Gold Price Initially Rises to Record High and Then Falls Sharply. Following President Donald Trump's announcement of sweeping 10% tariffs on foreign imports, gold prices surged to a new record high of $3,168 per troy ounce. this peak was followed by a significant decline, with prices falling