POUND STERLING PRICE NEWS AND FORECAST: GBP/USD EDGED HIGHER AS TRUMP SIGNALLED A WILLINGNESS IN NEGOTIATIONS The GBP/USD pair has seen a modest increase, trading near $1.2820 during the Asian session on Wednesday. The recent appreciation of the British pound is attributed to a reduction in trade
EUR/JPY TRADES NEAR 160.40 AFTER RECOVERING DAILY LOSSES. The EUR/JPY currency pair has rebounded from earlier losses, trading around 160.40 during the Asian session on Wednesday. This recovery follows a decline driven by a strengthening Japanese Yen ahead of key financial discussions. The Yen's
GOLD JUMPS AS TRUMP'S 104% TARIFFS ON CHINA KICK IN On April 9, 2025, the United States enforced new tariffs on Chinese imports, with rates reaching up to 104%. In response to heightened trade tensions and a weakening U.S. dollar, gold prices surged by 1%, reaching $3,
GBP/USD APPRECIATES TO NEAR 1.2850 DUE TO EASING TRADE TENSIONS AFTER TRUMP'S COMMENTS Following a period of volatility induced by U.S. President Donald Trump's announcement of broad import tariffs, the British pound (GBP) stabilized, trading at approximately $1.2747. This stabilization occurred despite
XAG/USD HOLDS ABOVE $29.50 AMID TARIFF UNCERTAINTY Silver (XAG/USD) has rebounded to approximately $29.85 during the Asian trading hours on Wednesday, recovering some of its previous losses. The recent correction in silver prices is viewed by analysts as a potential setup for a strong rebound, driven
SWISS FRANC STRENGTHENS AS SAFE-HAVEN DEMAND RISES AHEAD OF TRUMP'S TARIFF ANNOUNCEMENT The Swiss franc has appreciated as investors seek safe-haven assets ahead of President Donald Trump's announcement of significant tariffs on imports from China, Mexico, and Canada. This has led the USD/CHF currency pair
PBOC SETS USD/CNY REFERENCE RATE AT 7.2066 VS. 7.2038 PREVIOUS On April 9, 2025, the People's Bank of China (PBOC) established the USD/CNY reference rate at 7.2066 per dollar, slightly above the previous day's rate of 7.2038. This marginal adjustment
AUD/NZD STICKS TO INTRADAY GAINS AROUND 1.0800 AFTER RBNZ'S EXPECTED 25 BPS RATE CUT On April 9, 2025, the Reserve Bank of New Zealand (RBNZ) reduced its official cash rate (OCR) by 25 basis points to 3.50%, marking the fifth consecutive rate cut since August
GOLD AND SILVER UNDER PRESSURE AS RECESSION RISKS AND RATE EXPECTATIONS MOUNT Gold prices have fallen to $2,950 per ounce, while silver has decreased to $28.50 per ounce, with both metals consolidating as they seek their next direction. Escalating global trade tensions and the implementation of new U.
NZD/USD RISES TO NEAR 0.5550 FOLLOWING RBNZ INTEREST RATE DECISION On April 9, 2025, the Reserve Bank of New Zealand (RBNZ) reduced the official cash rate (OCR) by 25 basis points to 3.50%, marking the fifth consecutive rate cut since August 2024. The rate reduction aligned with
US Dollar Exhibits Volatility Amid Tariff Concerns; EUR/USD, USD/JPY, and AUD/USD Under Scrutiny The US dollar (USD) has experienced increased volatility, influenced by recent tariff announcements and their global economic implications. The euro (EUR) has faced challenges, trading around the 1.05 level, a significant psychological threshold.
Silver Price Outlook: Market Searches for Bottom Amid Supply-Demand Dynamics Silver prices have fallen to their lowest levels in over eight weeks, reaching approximately $31.00 per ounce. This decline is primarily attributed to concerns about weakening industrial demand amid global recession fears, exacerbated by recent U.S. tariff implementations.