USDJPY trend forecast February 7, 2025 The Japanese Yen (JPY) continues its upward trajectory for the fourth consecutive day, reaching a nearly two-month high against the US Dollar (USD) during the Asian session on Friday. Hawkish signals from the Bank of Japan (BoJ) have strengthened expectations of further interest rate hikes, reducing the rate gap between...
XAU / USD trend forecast February 6, 2025 Gold prices are poised to extend their rally, climbing over 0.90% on Wednesday, driven by a weaker US Dollar and declining US Treasury bond yields. The intensifying trade tensions between China and the US continue to push investors toward Gold's safe-haven appeal, with XAU/USD hovering near $2,870 as bulls set their...
EURUSD trend forecast February 6, 2025 EUR/USD struggled on Wednesday, seeing some upward momentum as a broader market rebound in risk sentiment kept pressure on US Dollar demand. The Euro is attempting to stabilize after breaking a six-day losing streak but continues to face resistance around the 1.0400 level. EURUSD breaktrend, wait retest and support zone,...
XAU / USD trend forecast February 6, 2025, SCALPING The price of gold (XAU/USD) continues its consolidation phase as the European session approaches on Thursday, holding near the record high reached the day before. Persistent concerns over a potential US-China trade war and the economic impact of US President Donald Trump’s tariffs continue to drive demand...
USDCHF trend forecast February 6, 2025 USD/CHF extends its decline for the second consecutive day, hovering around 0.9030 during Wednesday’s European session. The pair's downward movement is largely attributed to a weakening US Dollar (USD), which is experiencing a technical pullback. The US Dollar Index (DXY), which measures the USD against a basket of six...
GBPUSD trend forecast February 6, 2025 GBP/USD saw renewed buying interest as the US Dollar weakened across the board. Market sentiment improved as investors moved past early-week trade war concerns, while traders in the Cable pair remained focused on the Bank of England’s (BoE) upcoming rate decision. Meanwhile, US ADP Employment Change data for January...
XAU / USD trend forecast February 5, 2025 Gold hit an all-time high of $2,845 late Tuesday during the North American session as the US Dollar weakened, pressured by declining US Treasury bond yields. Escalating trade tensions between the United States and China fueled demand for the precious metal as a safe-haven asset. At the time of writing, XAU/USD is...
XAU / USD trend forecast February 5, 2025 , SCALPING Gold prices (XAU/USD) keep climbing during the Asian session on Wednesday, reaching a new all-time high around the $2,858 mark in the past hour. Persistent concerns over the economic impact of US President Donald Trump's trade tariffs continue to fuel demand for the safe-haven metal. Additionally, growing...
GBPUSD trend forecast February 5, 2025 GBP/USD continued its upward momentum on Tuesday, building on its recovery following the sharp decline earlier in the week driven by concerns over a trade war. These fears were triggered by US President Donald Trump's sweeping threats to impose heavy tariffs, aimed at pressuring some of the US' key trade partners....
USDJPY trend forecast February 5, 2025 The Japanese Yen (JPY) gains fresh demand after data released during the Asian session on Wednesday indicated an increase in Japan’s real wages, reinforcing expectations that the Bank of Japan (BoJ) will implement another rate hike. This stands in contrast to market projections that the Federal Reserve (Fed) will cut...
XAU / USD trend forecast February 4, 2025, SCALPING Gold price (XAU/USD) faces some selling pressure after an intraday rise near its record high, trading sideways as the European session approaches on Tuesday. However, any significant decline remains limited due to ongoing concerns over the economic impact of US President Donald Trump's trade tariffs, which...
XAU / USD trend forecast February 4, 2025 Gold prices surged to a record high on Monday after the US announced initial tariffs on Canada, Mexico, and China, boosting demand for the metal’s safe-haven appeal. As of now, XAU/USD is trading at $2,821, up 0.87% from its opening price. Despite an improved market sentiment, gold continues to hold onto its previous...
USDJPY trend forecast February 4, 2025 The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) during the Asian session on Tuesday, though further selling is limited due to expectations that the Bank of Japan (BoJ) will continue raising interest rates. Additionally, forecasts that the Federal Reserve (Fed) will implement two rate cuts this...
AUDUSD trend forecast February 4, 2025 The Australian Dollar (AUD) recovers on Tuesday, breaking a six-day losing streak as the AUD/USD pair strengthens due to a weaker US Dollar (USD). The Greenback declined after US President Donald Trump announced late Monday that he would pause tariffs on Mexico and Canada. However, market uncertainty persists as investors...
XAU / USD trend forecast February 3, 2025 Gold prices (XAU/USD) decline slightly to around $2,795 in the early Asian session on Monday, pressured by a stronger US Dollar following new tariffs imposed by US President Donald Trump over the weekend. On Saturday, the US informed Canada that it would impose 25% tariffs on both Canada and Mexico, while China would...
GBPUSD trend forecast February 3, 2025 GBP/USD extends its losing streak for the fifth straight session, trading near 1.2270 during Monday’s Asian session. The pair has declined by approximately 1% as the US Dollar Index (DXY), which tracks the USD against six major currencies, strengthens following US President Donald Trump's latest tariff measures on China,...
USDJPY trend forecast February 3, 2025 USD/JPY remains supported above the key technical level of 154.00, according to analysts at BBH FX. BOJ Policy Rate Expected to Peak Around 1.00% Bank of Japan (BOJ) Governor Ueda maintained the central bank’s current guidance, reiterating that further rate hikes could be implemented if economic and inflation projections...
XAU / USD trend forecast February 3, 2025, SCALPING US Treasury Secretary Scott Bessent, who advocated for new universal tariffs on US imports starting at 2.5% and gradually increasing, acknowledged that tariffs contribute to inflation and will further strengthen the US Dollar. Meanwhile, Trump's push for lower interest rates, combined with the likelihood of...