EURUSD trend forecast January 28, 2025 EUR/USD slipped by 0.5% on Monday, falling below the 1.0500 mark and trimming recent gains as overall market risk sentiment declined. Concerns over trade conflicts resurfaced following a weekend dispute between US President Donald Trump and Colombia regarding migrant deportations. Meanwhile, newly appointed Treasury...
XAU / USD trend forecast January 27, 2025, SCALPING Gold price (XAU/USD) remains under pressure as Monday's European session approaches, trading near the $2,750 mark, representing a 0.65% decline for the day. The pullback from Friday’s peak, the highest since late October at $2,786, is primarily driven by a rebound in the US Dollar (USD) from its lowest level...
GBPUSD trend forecast January 27, 2025 The GBP/USD pair begins the week on a weaker note, pulling back from Friday's impressive rally that brought it close to the 1.2500 psychological level, marking a near three-week high. The pair is currently trading around the 1.2460 region, down 0.20% for the day, amid a slight rebound in the US Dollar (USD). However, the...
XAU / USD trend forecast January 27, 2025 The Gold price (XAU/USD) experiences selling pressure at the beginning of the week, retreating from its recent highs near $2,786—the peak it reached on Friday, marking the strongest level since late October. A modest recovery in the US Dollar (USD), following its steepest weekly decline since November 2023, has weighed...
USDCAD trend forecast January 27, 2025 The USD/CAD pair rebounds from the losses of the previous two sessions and trades near 1.4390 during early Monday's Asian session. The pair's upward movement is driven by increased discussions among US President Donald Trump’s advisors about implementing 25% tariffs on Mexico and Canada as early as February 1. According...
XAU / USD trend forecast ( January 27 - January 31 , 2025) Trump's aggressive rhetoric extends beyond addressing the trade deficit. At the World Economic Forum (WEF), he announced his intention to push for lower interest rates. Following his comments, the US Dollar weakened and continues to face downward pressure, as indicated by the US Dollar Index (DXY),...
XAU / USD trend forecast January 24, 2025 Gold prices remain steady after dipping to a daily low of $2,735, supported by elevated US Treasury bond yields. Economic data from the United States (US) highlighted a cooling labor market, while investors continued analyzing US President Trump's trade policy statements. At the time of writing, XAU/USD is trading at...
XAU / USD trend forecast January 24, 2025, SCALPING Concerns over the economic impact of US President Donald Trump's tariffs continue to drive investors toward safe-haven Gold, pushing its price higher on Friday. Meanwhile, the US Dollar edges closer to its monthly low, following Trump’s Thursday remarks about pressuring the Federal Reserve to lower interest...
GBPUSD trend forecast January 24, 2025 The Bank of Japan (BoJ) is anticipated to increase the short-term interest rate from 0.25% to 0.50%—the highest level in 17 years—after concluding its two-day monetary policy meeting on Friday. The Japanese Yen (JPY) is likely to experience significant volatility following the BoJ's policy announcement, as investors look...
USDJPY trend forecast January 24, 2025 The Bank of Japan (BoJ) is anticipated to increase the short-term interest rate from 0.25% to 0.50%—the highest level in 17 years—after concluding its two-day monetary policy meeting on Friday. The Japanese Yen (JPY) is likely to experience significant volatility following the BoJ's policy announcement, as investors look...
XAU / USD trend forecast January 23, 2025 The gold price (XAU/USD) remains under pressure during the first half of the European session on Thursday, appearing to halt a three-day rally that pushed it to its highest level since early November just the day before. The US Dollar (USD) continues to gain momentum for a second consecutive day, extending its rebound...
USDCAD trend forecast January 22, 2025 The USD/CAD pair shows modest gains near 1.4340 during the early Asian session on Wednesday, as the Canadian Dollar (CAD) faces pressure from weaker-than-expected December Consumer Price Index (CPI) inflation data and growing trade tensions between the United States and Canada. US President Donald Trump announced on...
XAU / USD trend forecast January 22, 2025 Gold surged over 1%, reaching a two-month high of $2,745 on Tuesday as investors turned to the safe-haven metal following US President Donald Trump's comments on tariffs. Initially, the US Dollar (USD) strengthened, but it later reversed its gains, as reflected by the US Dollar Index (DXY), providing additional support...
GBPUSD trend forecast January 22, 2025 GBP/USD experienced volatile movement on Tuesday, initially declining and then rebounding in line with global shifts in US Dollar flows. The British Pound reacted to mixed labor market data from the UK, though these figures were met with skepticism by the UK’s labor department. Meanwhile, in the US, President Donald Trump...
XAU / USD trend forecast January 21, 2025, SCALPING US President Donald Trump announced on Tuesday his intention to impose 25% tariffs on Canada and Mexico, with the implementation potentially beginning as early as early February. Trump also warned that tariffs could be levied on China if a TikTok deal is not approved, supporting the demand for safe-haven...
USDJPY trend forecast January 21, 2025 The Japanese Yen (JPY) experiences a significant pullback after reaching a five-week high against the US Dollar (USD) during Tuesday's Asian session, with the USD/JPY pair climbing over 100 pips from below the key 155.00 level within the past hour. Comments from US President Donald Trump regarding tariffs spurred a...
XAU / USD trend forecast January 21, 2025 Gold prices rose modestly on Monday in light trading conditions following Donald Trump's inauguration as the 47th President of the United States (US). The US Dollar softened during his speech, as he refrained from emphasizing aggressive tariff policies that might fuel inflation and hinder the Federal Reserve's (Fed)...
USDCAD trend forecast J anuary 21, 2025 The USD/CAD pair surged to 1.4518 before retreating sharply to 1.4445 during Tuesday's Asian session. The Canadian Dollar (CAD) faced pressure following US President Donald Trump's comments about potentially imposing tariffs on Canadian imports. Later in the day, attention will turn to Canada’s December Consumer Price...