EUR/USD REMAINS CAPPED BELOW 1.1400; BULLISH BIAS PERSISTS The EUR/USD pair is currently trading below the 1.1400 level, indicating a lack of upward momentum despite a generally bullish bias. European Central Bank (ECB) policymakers have indicated that there is still room for gradual interest rate cuts
EUR/CAD REMAINS BELOW 1.5800 AFTER PROJECTIONS SHOW LIKELY MINORITY CARNEY GOVERNMENT The EUR/CAD currency pair reversed an earlier dip to the 1.5755–1.5750 region during the Asian session, reaching a fresh daily high. it lacked follow-through buying momentum and currently trades around the 1.5780–
GOLD PRICE SLIDES BACK CLOSER TO $3,300 AMID TARIFF DEALS OPTIMISM Gold prices fell nearly 1% to $3,314.99 per ounce on Tuesday, as optimism about U.S.-China trade negotiations reduced the metal's appeal as a safe-haven asset. U.S. Treasury Secretary Scott Bessent indicated
NZD/USD FALLS TO NEAR 0.5950 DUE TO SHIFTING US-CHINA TRADE SIGNALS The New Zealand Dollar (NZD) has depreciated to approximately 0.5950 against the US Dollar (USD), influenced by evolving US-China trade dynamics and market sentiment. The USD has gained strength due to market caution ahead of the
GBP/USD DECLINES BELOW 1.3450 AHEAD OF BOE'S RAMSDEN SPEECH The British Pound (GBP) weakened against the U.S. Dollar (USD) on Tuesday, April 29, 2025, trading below 1.3450. This decline was attributed to a modest rebound in the USD and anticipation surrounding a forthcoming speech
GOLD PRICE FORECAST: XAU/USD HOLDS BELOW $3,350 ON FIRMER US DOLLAR, EASING US-CHINA TRADE TENSIONS Gold prices (XAU/USD) experienced a decline on Tuesday, April 29, 2025, trading around $3,335 per ounce during the early Asian session. This drop is attributed to a modest rebound in the
USD/CAD DEPRECIATES TO NEAR 1.3800 AS CANADIAN DOLLAR GAINS ON EARLY ELECTION OUTCOME The USD/CAD currency pair remained under pressure for the second consecutive session on Tuesday, April 29, 2025, trading around 1.3820 during Asian trading hours. The Canadian Dollar (CAD) strengthened modestly, supported by early
USD/INR SOFTENS ON STEADY FII INFLOWS, POSITIVE US-INDIA TRADE TALKS The Indian Rupee (INR) strengthened on Tuesday, April 29, 2025, extending gains from the previous session. The positive momentum was driven by sustained foreign portfolio investments (FPI) and optimistic developments in US-India trade relations. Foreign portfolio investors continued to
EUR/USD TRADES SIDEWAYS AMID UNCERTAINTY OVER US-CHINA TRADE TALKS The EUR/USD currency pair is consolidating in a narrow range around 1.1350, reflecting market indecision as investors await clarity on US-China trade negotiations. EUR/USD is trading within a narrow band, hovering around the 1.1350 level, indicating
AUD/JPY TRADES BELOW 92.00, EDGES LOWER DUE TO RBA RATE CUT EXPECTATIONS The AUD/JPY currency pair has declined below the 92.00 level, reflecting increased expectations that the Reserve Bank of Australia (RBA) will implement a rate cut in its upcoming May meeting. The AUD/JPY pair
USD/CHF SOFTENS BELOW 0.8300 AMID US TRADE CONFUSION The USD/CHF currency pair has declined below the 0.8300 level, reflecting increased demand for the Swiss Franc (CHF) amid uncertainties in U.S.-China trade relations and persistent geopolitical risks. The pair has fallen to approximately 0.8270
EUR/GBP REMAINS BELOW MID-0.8500S, LACKS BULLISH MOMENTUM The EUR/GBP currency pair continues to trade below the mid-0.8500s, indicating a lack of bullish conviction despite some buying interest during the Asian session on Monday. EUR/GBP is hovering just below the mid-0.8500s, up less than 0.