Gold Price Initially Rises to Record High and Then Falls Sharply. Following President Donald Trump's announcement of sweeping 10% tariffs on foreign imports, gold prices surged to a new record high of $3,168 per troy ounce. this peak was followed by a significant decline, with prices falling
AUD/USD: Top Loser of Asian/Early European Trading on Friday The Australian Dollar (AUD) experienced significant depreciation, becoming the top loser during the Asian and early European trading sessions. The currency fell over 2%, primarily due to heightened risk aversion that weakened stocks and commodities, coupled with a stronger
USD/CAD Price Forecast: Bounces Back from 200-Day EMA The USD/CAD currency pair rebounded to approximately 1.4160 during European trading hours on Friday, recovering from an almost four-month low of 1.4026 reached on Thursday. This resurgence occurred despite the announcement of reciprocal tariffs by President Donald Trump,
EUR/USD: Short-Term Consolidation Expected Amidst Bullish Long-Term Outlook They anticipate that the EUR will likely pause and trade within a range of 1.0950 to 1.1150 against the US Dollar (USD) in the short term. Looking ahead, they highlight a significant weekly resistance zone between 1.1215 and
XAG/USD Faces Downward Pressure Below $31.00 Silver prices (XAG/USD) have recently come under significant pressure, trading below the $31.00 mark. This decline is primarily attributed to the introduction of new trade tariffs by the U.S. administration, which have raised concerns about global economic growth and
USD/JPY COLLAPSES TO A 6-MONTH LOW: SAFE-HAVEN ASSETS IN DEMAND The USD/JPY currency pair has recently fallen to a six-month low, trading around 145.57. This decline is primarily attributed to U.S. President Donald Trump's announcement of comprehensive tariffs, which have heightened global economic uncertainty
Gold Price Extends Correction Ahead of Nonfarm Payrolls Release Gold prices have experienced a correction, falling by approximately 1% on Friday and trading below the $3,100 mark at $3,082. This decline comes ahead of the U.S. Nonfarm Payrolls (NFP) report scheduled for release later today. On Thursday,
GOLD (XAUUSD) & SILVER PRICE FORECAST: RANGE-BOUND AHEAD OF U.S. NFP REPORT Gold prices have surged to record highs, surpassing $3,100 per ounce, driven by safe-haven demand amid global trade uncertainties and expectations of U.S. interest rate cuts. Silver has also seen significant movement, trading around $33.
USD/CHF SLUMPS TO NEAR 0.8550 AMID TRUMP TARIFF UNCERTAINTY, US NFP DATA IN FOCUS The USD/CHF currency pair has experienced a notable decline, slumping to approximately 0.8550. This movement is primarily driven by market uncertainty surrounding President Donald Trump's newly announced tariff measures and
EUR/USD RISES ABOVE 1.1050 AHEAD OF US NFP RELEASE The EUR/USD currency pair has surged above the 1.1050 mark in anticipation of the upcoming U.S. Non-Farm Payrolls (NFP) report, scheduled for release later today. This movement reflects market positioning ahead of key employment data that
NZD/USD TUMBLES BELOW 0.5750 AMID US-CHINA TRADE TENSIONS, RBNZ RATE CUT BETS The New Zealand Dollar (NZD) has experienced a significant decline against the U.S. Dollar (USD), with the NZD/USD pair falling below the 0.5750 threshold. This downturn is primarily driven by escalating trade tensions
GBP/USD REMAINS IN A FIRMLY BULLISH STANCE The British Pound (GBP) has demonstrated a strong bullish trend against the U.S. Dollar (USD), reaching a six-month high on April 3, 2025. This surge is attributed to a combination of factors, including market reactions to U.S. trade policies and