NZD/USD EXPECTED TO REACH 0.5855 UOB Group's FX analysts, Quek Ser Leang and Peter Chia, suggest that the New Zealand Dollar (NZD) may strengthen further. caution that maintaining a position above 0.5785 could be challenging. They identify the 0.5785 level as a significant threshold.
Australian Dollar (AUD) will continue its upward momentum, with immediate resistance expected around 0.6290. In the longer term, forecast that the AUD will trade within a range of 0.6000 to 0.6290, suggesting a consolidation phase before any significant movements. Earlier in November 2024, UOB Group projected that
EUR/USD REMAINS WELL BID AROUND 1.1350 AHEAD OF US PPI The US Dollar (USD) faced pressure following China's announcement of raising tariffs on US goods to 125%, effective April 12. This move was a retaliatory measure in the escalating trade tensions between the two countries. In
USD/CAD COLLAPSES TO FRESH 2025 LOWS BELOW 1.3800 The US Dollar (USD) experienced a significant drop during European trading hours, primarily due to escalating trade tensions between the United States and China. In response to the White House's recent decision to impose tariffs on Chinese imports
USD/CAD COLLAPSES TO FRESH 2025 LOWS BELOW 1.3800 The US Dollar (USD) experienced a significant drop during European trading hours, primarily due to escalating trade tensions between the United States and China. In response to the White House's recent decision to impose tariffs on Chinese imports
GOLD SURGES AS INVESTORS DUMP DOLLAR, BONDS AHEAD OF VOLATILE MARKET OPEN On April 11, 2025, gold prices surged to a record high of $3,219.84 per ounce, surpassing the critical $3,200 threshold. The U.S. dollar declined nearly 1% against major currencies, reaching a two-year low. This
USD/JPY HITS SEVEN-MONTH LOWS NEAR 142.00 AS THE SELL-OFF EXTENDS The USD/JPY currency pair has experienced a significant decline, reaching its lowest level in seven months just above 142.00. This downturn is attributed to a combination of factors influencing both the U.S. Dollar (USD) and
GBP/USD PEAKS ABOVE 1.3000 ON UK GDP BEAT, DXY BREAKS PSYCHOLOGICAL 100.00 BARRIER The British Pound (GBP) surged against the U.S. Dollar (USD), with the GBP/USD currency pair surpassing the 1.3000 mark. This movement was primarily driven by stronger-than-expected UK economic data and a
EUR/USD HITS THREE-YEAR HIGH AS THE US DOLLAR SUFFERS HEAVY LOSSES The EUR/USD currency pair has surged to a three-year high, reflecting significant shifts in global financial markets. This movement is primarily attributed to declining investor confidence in U.S. economic prospects and escalating trade tensions under President
GOLD AND SILVER PRICE FORECAST: TARIFF RISKS AND FED CUT BETS BOOST SAFE-HAVEN DEMAND Gold (XAU/USD) and silver (XAG/USD) have experienced significant rallies, driven by safe-haven flows amid escalating tariff risks and expectations of Federal Reserve rate cuts. The U.S. administration's announcement of steep tariffs
EUR/USD EXTENDS GAINS AS EU SUSPENDS RETALIATORY TARIFFS ON US GOODS EU ANNOUNCES 90-DAY PAUSE ON RETALIATORY TARIFFS. The European Union has agreed to suspend its planned retaliatory tariffs on U.S. goods for 90 days. This decision aims to provide a window for negotiations following U.S. President
EUR/USD APPRECIATES TO NEAR 1.1350 AS THE EU SUSPENDS TARIFFS ON US IMPORTS The European Union (EU) has announced a 90-day suspension of planned 25% tariffs on €21 billion worth of U.S. goods. This decision comes after U.S. President Donald Trump's reversal of certain