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XAU / USD trend forecast January 20, 2025, US trading session Gold's price (XAU/USD) remains above $2,700, despite dipping to $2,689 during the Asian session, as traders remain focused on the inauguration of President-elect Donald Trump as the 47th President of the United States later today. Market participants are evaluating their bullion positions amid...

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XAU / USD trend forecast January 20, 2025 Gold price (XAU/USD) continues to drop, approaching the $2,695 level in early Monday's Asian session. The broader strength of the US Dollar (USD), fueled by anticipation ahead of President-elect Donald Trump’s inauguration, puts pressure on the precious metal. Market analysts anticipate heightened gold price...

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USDJPY trend forecast January 20, 2025 The USD/JPY pair climbed on Friday, advancing by 0.6% and ending a two-day losing streak as broad-market support for the Greenback lifted the Dollar-Yen pair from a recent test of the 50-day Exponential Moving Average (EMA). The US Dollar gained momentum across the board on Friday, supported by declining US Treasury...

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USDCAD trend forecast January 20, 2025 The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the...

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XAU / USD trend forecast January 17, 2025, SCALPING Gold prices (XAU/USD) trade slightly lower on Friday, appearing to break a three-day upward trend that brought them to a one-month high near $2,724-2,725 reached on Thursday. The decline is attributed to renewed buying interest in the US Dollar (USD), which diminishes the appeal of the metal. Additionally, an...

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XAU / USD trend forecast January 17, 2025 Gold prices climbed past the $2,700 level on Thursday as the US Dollar pared back some of its earlier advances. Recent data from the United States indicated a resilient economy, highlighted by strong consumer spending figures and robust employment data. Meanwhile, US bond yields declined amid growing expectations of...

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GBPUSD trend forecast January 17, 2025 The Pound Sterling (GBP) experiences a steep decline against its major counterparts on Friday following a report from the UK Office for National Statistics (ONS) revealing an unexpected contraction in Retail Sales for December. This data further highlights the fragile economic outlook. Retail Sales, a crucial indicator of...

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USDJPY trend forecast January 17, 2025 The Japanese Yen (JPY) encounters some intraday selling pressure after reaching a near one-month high against the US Dollar during the Asian session on Friday. However, significant JPY weakness appears limited, as growing expectations of another rate hike by the Bank of Japan (BoJ) next week remain supportive. These...

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XAU / USD trend forecast January 16, 2025, SCALPING Earlier this week, Bloomberg revealed that economic advisers to incoming US President Donald Trump are exploring a plan to incrementally raise tariffs on a monthly basis. Additionally, softer-than-anticipated US inflation data has reignited hopes that the Federal Reserve may continue its policy easing cycle,...

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GBPUSD trend forecast January 16, 2025 The CPI report revealed that core CPI, which excludes volatile categories like food and energy, increased by 3.2% year-on-year, slightly below expectations and November’s 3.3% figure. On a monthly basis, core inflation rose by 0.2%, aligning with forecasts but lower than the previous month’s 0.3%. Meanwhile, the annual...

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XAU / USD trend forecast January 16, 2025 Gold extended its gains for the second consecutive day as US yields dropped sharply following data pointing to cooling core inflation. This fueled expectations that the Federal Reserve (Fed) might ease its policy amid signs of disinflation. Currently, XAU/USD is trading at $2,690. The precious metal resumed its upward...

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XAU / USD trend forecast January 15, 2025, SCALPING Gold price (XAU/USD) faces renewed selling pressure during the Asian session on Wednesday, paring some of the modest recovery gains from its one-week low recorded the previous day. The easing concerns over disruptive trade tariffs by US President-elect Donald Trump, combined with softer-than-expected US...

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GBPUSD trend forecast January 15, 2025 The GBP/USD pair remains in a tight consolidation range around the 1.2200 level as traders await key U.S. inflation data and U.K. growth figures in the midweek sessions. While the U.S. Consumer Price Index (CPI) is anticipated to show a rise, a softer-than-expected U.S. Producer Price Index (PPI) report has revived...

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XAU / USD trend forecast January 15, 2025 Gold prices inched higher on Tuesday following U.S. data indicating a slowdown in producer price growth, bolstering market optimism for further monetary easing by the Federal Reserve (Fed). Currently, XAU/USD is trading at $2,675, marking a 0.46% increase. The precious metal rebounded after starting the week with...

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USDJPY trend forecast January 15, 2025 The Japanese Yen (JPY) extends its intraday gains against the US Dollar (USD) during the European session, driven by hawkish comments from Bank of Japan (BoJ) Governor Kazuo Ueda. Additionally, remarks from Japan’s Finance Minister Katsunobu Kato have reignited concerns about potential government intervention, further...

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XAU / USD trend forecast January 14, 2025, SCALPING According to Bloomberg, citing sources familiar with the matter, President-elect Donald Trump's economic team is reportedly exploring a plan to implement a gradual month-by-month increase in tariffs. This strategy, designed to enhance bargaining power while mitigating a sudden surge in inflation, has led to...

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XAU / USD trend forecast January 14, 2025 Gold prices retreat during the North American session as investors turn to the US Dollar for safety, driven by a rise in US Treasury yields to their highest level since November 2023. At the time of writing, XAU/USD is trading at $2,657, down 1.20%, after failing to break above the $2,700 mark. With a light economic...

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EURUSD trend forecast J anuary 14, 2025 The EUR/USD pair pauses its five-day decline, hovering near 1.0250 during the Asian session on Tuesday. Analyzing the daily chart reveals the persistence of a bearish trend, as the pair continues to trade within a descending channel. The 14-day Relative Strength Index (RSI), a crucial momentum gauge, has climbed above...