With just minutes to go before the European Central Bank (ECB) announces its highly anticipated rate decision, market participants are maintaining a cautious stance. The EUR/USD pair remains relatively calm, reflecting a wait-and-see approach ahead of the official release.
According to broad market consensus, the ECB is expected to implement a 25-basis point rate...
Several negative data points were released this week for the US dollar, led by the ADP Non-Farm Employment Change, which posted its lowest reading since March 2023 at just 37K. Additionally, the Non-Manufacturing PMI fell below the key 50 level, recording 49.9. These readings add further downside pressure on the US dollar. On the other hand, the Bank of Canada...
During governor Kazuo Ueda’s speech on Tuesday, he emphasized that the central bank would raise interest rates once it is convinced enough that economic and price growth will re-accelerate after a period of stagnation.
He further signaled the central bank will continue to taper its huge bond buying even after an existing plan running through March expires,...
From a technical standpoint, USD/JPY found support around the 142.11 level, which triggered a break above the descending trendline on the 4-hour chart. This breakout suggests a shift in momentum, favoring the bulls in the short term. However, the upward movement is currently facing resistance near the minor supply zone at 144.20, where price has temporarily...
Gold is trading in a general downtrend on the daily timeframe, within a range defined by the level of 3434.660, which represents the most recent lower high, and the level of 3120.820, which marks the most recent lower low. These levels define the current trading range on the daily chart.
Using Fibonacci from the daily lower high to the daily lower low, the level...
The GBP/NZD pair is trading in a general uptrend on both the daily and 4-hour timeframes, forming higher highs and higher lows.
What is the potential upcoming technical scenario?
After the price recorded a new high above the 2.26939 level, a corrective pullback is expected to test the 2.2565 level, followed by a rise targeting the 2.27013 level.
Maintaining...
The US stock indices saw a noticeable drop in recent trading sessions, as markets wait for President Donald Trump’s new tax plan and its implications for US debt.
The S&P 500 had surged more than 23% since April, but the rally seems to have ended from a technical point of view, reflecting rising concerns about the US economy.
A bearish divergence appeared while...
AUDNZD has maintained a bearish tone since Monday’s New York session, following a break and retest of the trendline. The pair also closed below the 50 EMA, reinforcing the dominance of sellers in the market. Meanwhile, there are several factors that led to the weakness of the AUD. Earlier on Tuesday, the RBA implemented another interest rate cut, aligning with...
The GBP/AUD pair is trading in an uptrend, forming higher highs and higher lows, and the current pullback is considered a corrective move within this upward trend.
The level of 2.05763 is seen as a positive support level for the pair, where a potential rebound to the upside could occur, targeting the 2.07442 level.
However, if the price falls below the 2.05110...
The US dollar has regained its upward momentum recently, supported by market optimism following the mutual US-China agreement to reduce tariffs. One of the most notable currencies to weaken against the US dollar is the Japanese yen.
The USD/JPY pair has risen, forming a series of higher highs. The recent movement highlights three key levels to watch closely.
The...
The United States and China reached a significant trade agreement on May 12, 2025, following high-level negotiations in Geneva. The agreement establishes a 90-day truce in the ongoing trade dispute, during which both countries have committed to significantly lowering tariffs on each other’s goods.
The U.S. reduced its tariff from 145% to 30%, while China cut its...
After trending upward since early 2025 on a weaker dollar, EUR/USD saw a notable pullback this week. For the first time, we can technically say that the uptrend has ended. But what are the reasons?
The price dropped below the 1.12640 level, which represents the most recent higher low recorded by the market, and closed the day below it, forming a new low. This...
The king of crypto, Bitcoin (BTC), extended its winning streak into Thursday, marking three consecutive days of gains. This surge has been largely attributed to a weaker U.S. dollar, the establishment of the U.S. strategic Bitcoin reserve and accumulation of large amount by investors and an overall risk-on sentiment prevailing in global markets, which has buoyed...
At 3:02 PM GMT +4 Thursday 8th of May 2025, the Bank of England would likely trim interest rates by a quarter point to 4.25%, as it braces for the economic ripple effects of President Donald Trump’s escalating global trade tensions. Analysts also hint of more rate cuts ahead, as the uncertainty unleashed by US President Donald Trump’s global trade war hits...
In 2025, gold experienced an unprecedented surge, marking its best quarterly performance in history with gains exceeding 17% in Q1. The second quarter of 2025 began with further gains, reaching a new all-time high at $3,500.110 per ounce.
Several economic and political factors contributed to the rise in global demand for gold as a safe haven asset amid fears of a...
Earlier today, May 1st, The Bank of Japan (BoJ) maintained its interest rates at 0.5%, with a dovish outlook, including trimmed growth and inflation forecasts.
This stance suggests a lower likelihood of near-term rate hikes, this priced in a weaker Yen and hence the Yen lagged across board.
The Canadian Dollar on the other hand being strengthened by the recent...
The USD/CHF pair is trading in a general downtrend on the 4-hour timeframe, forming consecutively lower lows. The recent declines are attributed to the weakening US dollar amid concerns over tariff-related disruptions and their impact on the US economy. On the other hand, the Swiss franc has seen increased demand as a safe-haven currency, similar to the Japanese...
On Monday April 28, 2025, President Donald Trump announced plans to ease the impact of his automotive tariffs, aiming to alleviate concerns from automakers and consumers. In response to this, the dollar index started making recovery from previous week losses, however the dollar index is somewhat steady around 99.29 as markets awaits the key events this week.
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