GBP/USD PRICE RETRACEMENT AHEAD? The GBP/USD exchange rate is poised for potential volatility this week, influenced by upcoming U.S. economic data and evolving trade dynamics. The preliminary estimate for Q1 2025 U.S. GDP growth is scheduled for release on Wednesday. A weaker-than-expected GDP figure could dampen
EUR/USD PRICE FORECAST: KEEPS BULLISH VIBE, FIRST UPSIDE TARGET EMERGES NEAR 1.1400 The EUR/USD pair is trading around 1.1360 during the Asian session on Monday, maintaining a bullish outlook despite mixed signals on US-China trade relations. EUR/USD is holding steady at approximately 1.1360, showing
EUR/JPY SLIPS BELOW 163.00 AS TRADE-RELATED UNCERTAINTIES BENEFIT THE SAFE-HAVEN JPY The EUR/JPY currency pair has experienced downward pressure, moving below the 163.00 level during the Asian session on Monday. This decline follows a peak of approximately 163.75 reached on Friday, indicating a shift in
GOLD PRICE LANGUISHES BELOW $3,300; LAST WEEK'S SWING LOW HOLDS THE KEY FOR BULLS Gold prices have declined, with spot gold trading around $3,268–$3,267 per ounce during the Asian session on Monday. This marks a retreat from last week's record high of
EUR/USD REMAINS SUBDUED AROUND 1.1350 DUE TO SIGNS OF EASING US-CHINA TENSIONS The EUR/USD currency pair has experienced a second consecutive day of decline, trading around 1.1360 during the Asian session on Monday. This downward movement is attributed to a strengthening US Dollar, which has gained
PBOC SETS USD/CNY REFERENCE RATE AT 7.2043 VS. 7.2066 PREVIOUS On Monday, April 28, 2025, the People's Bank of China (PBOC) set the USD/CNY central parity rate at 7.2043, slightly lower than the previous day's fix of 7.2066. This adjustment
SILVER PRICE FORECAST: XAG/USD BREAKS BELOW $33.00 AS SAFE-HAVEN DEMAND WEAKENS Silver prices have declined, with XAG/USD trading around $32.80 per ounce during the Asian session on Monday. This marks a continuation of the downward trend observed over the past two days. Silver prices have fallen
USD/INR HOLDS STEADY AMID INDIA-PAKISTAN TENSIONS The Indian Rupee (INR) remained largely unchanged against the US Dollar (USD) on Monday, trading within a narrow range. This stability comes despite escalating geopolitical tensions between India and Pakistan following a militant attack in Kashmir. The INR opened flat to slightly higher
USD/CAD RISES TO NEAR 1.3900 DUE TO EASING US-CHINA TENSIONS AND LOWER OIL PRICES The USD/CAD currency pair has strengthened to approximately 1.3880 during the Asian trading session on Monday, marking its second consecutive day of gains. This upward movement is primarily attributed to renewed demand
NZD/USD WEAKENS TO NEAR 0.5950 DESPITE POTENTIAL FRESH STIMULUS MEASURES FROM CHINA The NZD/USD currency pair has softened to approximately 0.5950 during the Asian trading session on Monday. This decline is attributed to renewed demand for the US Dollar (USD), despite indications that global trade tensions
GOLD SINKS AS RISK APPETITE IMPROVES ON TRUMP-POWELL CALM Gold prices experienced a significant decline on Wednesday, April 23, 2025, as investor sentiment shifted towards risk-on assets amid easing geopolitical tensions and positive developments in U.S.-China trade relations. The precious metal's retreat reflects a reduced demand
US DOLLAR FORECAST: USD/CHF REBOUND PULLS RSI OUT OF OVERSOLD ZONE The USD/CHF currency pair has experienced a notable rebound from its recent yearly low of 0.8040, lifting the Relative Strength Index (RSI) out of oversold territory. This technical recovery suggests a potential shift in market sentiment,