FM-ForexMastermind

FM-ForexMastermind Updated 

News: The price of gold (XAU/USD) is stabilizing after reaching new record highs, seeking a clear direction on Tuesday following China’s response to U.S. tariffs announced over the weekend. In retaliation, Beijing applied a 15% tariff on under $5 billion worth of U.S. energy imports, including coal and liquefied natural gas (LNG), along with a 10% levy on...

FM-ForexMastermind Updated 

Gold Trend Update: 🔆Gold has now dropped to 2882 and is recovering to 2895. 🔆RSI (1H) remains in strong sell zone Personal opinion: 🔆Markets are awaiting Fed Chairman Powell’s testimony in the next hour and the Fed is expected to take a hawkish stance. This signals increased dollar strength, so gold is likely to fall in the short term 🔆Note: Prioritize...

FM-ForexMastermind Updated 

Gold News: 🔆All eyes are on the US CPI report and Fed Chair Jerome Powell’s speech to Congress this week 🔆Last week’s jobs report showed continued signs of recovery in the labor market. A surprisingly lower unemployment rate, higher wages and an upward revision to December employment suggest the US labor market is closing out 2024 on solid footing. 🔆Recent...

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GBP/USD News: 🔆GBP/USD broke a three-day winning streak, trading around 1.2490 in Asian trade on Thursday 🔆More upbeat UK inflation data was overshadowed by concerns about slowing growth. The pound could face downside pressure amid expectations that the Bank of England will resume its policy easing cycle, expected to cut interest rates by 25 basis points to...

FM-ForexMastermind

PLAN Scalping :11 February , 2025 Gold News: Gold’s price (XAU/USD) reached a new all-time high of $2,942 in early Tuesday trading before retreating and erasing most of its gains for the day. Meanwhile, U.S. President Donald Trump has implemented a 25% tariff on steel and aluminum imports from all countries, effective March 12. In response, China has quietly...

FM-ForexMastermind

EUR/USD Market Update: 🔆The US dollar continued to strengthen amid ongoing developments in President Trump’s tariff policies. While the widely debated 25% tariffs on Canadian and Mexican imports have been postponed, the 10% tariffs on Chinese goods remain unchanged. The lack of clarity and uncertainty from the White House initially led investors to unwind their...

FM-ForexMastermind Updated 

Gold News: 🔆On Sunday, Trump announced plans to impose a 25% tariff on all steel and aluminum imports into the United States today. This led to concerns that a new trade war would escalate in the near future. Gold prices rose slightly in Asian trading. 🔆The US 10-year bond yield also fell slightly in early trading, but the DXY Dollar Index rose 0.34% on the day...

FM-ForexMastermind Updated 

🔔🔔🔔 Gold News: 🔆The tariff war between the US and its countries is easing with no signs of further escalation. 🔆With trade tensions temporarily easing, attention turns to Friday’s key US Non-Farm Payrolls (NFP) data, which could signal the Fed’s next policy move. The NFP data could emerge as the key market driver for Gold prices 🔆Meanwhile, the US Jobless...

FM-ForexMastermind Updated 

Gold News: 🔆Gold prices hit a fresh record high above $2,860 on Wednesday morning as concerns over the economic fallout from Trump’s trade tariffs and China’s retaliation continued to boost demand for traditional safe-haven assets. 🔆Gold prices took advantage of a weaker US dollar as trade tensions escalated 🔆The escalation of the US-China trade war weighed on...

FM-ForexMastermind Updated 

News: 🔆Trump has postponed the 25% tariffs on Canada and Mexico for another 30 days, raising optimism that a full-blown trade war can be avoided. However, the continued heavy tariffs on China and China's retaliatory moves raise the bullish outlook for the safe-haven metal. 🔆On the other hand, the US economic calendar on Wednesday includes ADP Non-Farm...

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News: 🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased. 🔆President Trump’s trade war rhetoric is easing. 🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries ...

FM-ForexMastermind Updated 

News: 🔆 Trump postpones tariffs on Mexico and Canada, but not on China. The US 10-year bond yield continued to rise in the short term, reaching 4.57%. This caused the US dollar to recover in the short term, leading to a slight correction in gold prices during the Asian trading session. 🔆 However, China immediately imposed tariffs on US imports in response to the...

FM-ForexMastermind Updated 

The GBP/USD currency pair is being influenced by a number of key economic and political factors. The rise is attributed to a weaker US dollar as markets assess the impact of economic policies in a second term for President Trump. The US dollar fell around 1% following news that any new tariffs would be applied in a “moderate” manner. The pound has gained against...

FM-ForexMastermind Updated 

News: EUR/USD fell significantly to 1.0250 during the Asian and European sessions as Trump’s tariff war on imports from Canada, Mexico and China kept the US dollar steady and weighed on the pair. Analysis: On the daily chart, the bearish trend remains dominant with consecutive lower highs, indicating continued selling pressure. However, the downside momentum...

FM-ForexMastermind Updated 

Gold News: 🔆 New US Tax Policy : The Trump administration announced plans to impose a 25% tariff on imports from Mexico and Canada. This increased concerns about trade tensions, causing investors to seek gold as a safe-haven asset. 🔆 Weak US economic data : US GDP in the fourth quarter of 2024 increased by only 2.3%, lower than the forecast of 2.6%, raising...

FM-ForexMastermind Updated 

🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times. 🔆 Technical Analysis: The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as...

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News: 🔆XAU/USD hit a record high of $2,817.23 an ounce on January 31 after US President Donald Trump imposed 25% tariffs on imports from Canada and Mexico, along with a 10% tariff on goods from China, raising concerns about a global trade war. 🔆Gold prices are forecast to reach $3,000 an ounce by the end of 2025, based on expectations of interest rate cuts and...

FM-ForexMastermind

News: 🔆The Canadian dollar weakens as Donald Trump imposes 25% tariffs on Canada on February 1 🔆 Monetary policy : The Bank of Canada (BoC) has cut its benchmark interest rate to 3.00% by January 2025, following previous cuts. This rate cut could weaken the CAD, while the US Federal Reserve (Fed) is also in an easing cycle. 🔆 Oil prices : Canada is a major oil...