USD/CAD CONSOLIDATES BELOW 1.3900 AS FED AND TRADE POLICY RISKS LOOM The USD/CAD currency pair has been trading within a narrow range around 1.3800, following a dip to six-month lows earlier in the week. This consolidation reflects investor caution ahead of key developments in U.S.
EUR/GBP TRADES NEAR 0.8600 AMID NEUTRAL SHORT-TERM SIGNALS The EUR/GBP currency pair experienced a slight pullback on Wednesday, April 23, 2025, retreating toward the lower end of its recent consolidation range. The pair was last observed hovering near the 0.8600 level, indicating a mild correction within
EUR/USD EDGES LOWER TOWARD 1.1400 ZONE DESPITE BULLISH TREND STRUCTURE The EUR/USD currency pair experienced a modest decline on Wednesday, April 23, 2025, retreating toward the 1.1400 support zone. While this pullback represents a minor correction within an overall bullish trend, it highlights ongoing market consolidation
GBP/USD SLIPS BENEATH 1.3300 AS USD GAINS ON POWELL RELIEF AND TRADE OPTIMISM The British pound weakened against the US dollar on Wednesday, April 23, 2025, falling below the 1.3300 level. This decline was attributed to renewed strength in the US dollar, driven by easing concerns over
GBP/USD LOOKS FRAGILE AFTER DISAPPOINTING UK DATA The British pound faced downward pressure against the US dollar on Wednesday, April 23, 2025, following the release of weaker-than-expected UK economic data. GBP/USD dropped below the 1.3250 level in the Asian session, reflecting concerns over the UK's
US DOLLAR CONTINUES TO SEE NOISY BACK AND FORTH: EUR/USD, USD/JPY, AND AUD/USD FORECAST The US dollar has experienced volatile trading, characterized by significant fluctuations, as market participants remain uncertain about the direction of the US economy. This uncertainty has led to mixed movements across major currency
GOLD (XAU/USD) PRICE FORECAST: BULLS EYE $3,228 SUPPORT AFTER REVERSAL TOP CORRECTION Gold prices recently surged to an all-time high of $3,500 per ounce amid escalating concerns about the U.S. economy and political instability. the market has experienced a pullback from this peak, with prices currently
SILVER (XAG/USD) FORECAST Silver prices are approaching a critical technical level at $33.11, with bullish momentum building as traders anticipate a breakout. This potential move is supported by a combination of factors, including favorable economic conditions and technical indicators. Silver is testing a significant resistance level at $33.
AUD/JPY TRADES HIGHER NEAR 91.00 DESPITE CAUTIOUS REMARKS FROM CHINESE FOREIGN MINISTRY The AUD/JPY currency pair has recently reversed a three-day losing streak, trading around 90.90 during Wednesday's European session. This rebound is primarily attributed to resilient Australian economic data and a positive global
USD/INR ATTRACTS SOME BUYERS ON PAHALGAM TERROR ATTACK The Indian Rupee (INR) has depreciated against the U.S. Dollar (USD) following the tragic terrorist attack in Pahalgam, Kashmir. The USD/INR currency pair has edged lower, with the INR weakening amid rising crude oil prices and increased demand for
EUR/USD PRICE FORECAST: BOUNCES OFF 1.1300 NEIGHBORHOOD; SHOWS RESILIENCE BELOW 23.6% FIBO The EUR/USD currency pair experienced a decline to a one-week low during the Asian session on Wednesday, dropping to the 1.1300 region. the pair rebounded slightly, trading around 1.1380, still down over
GOLD PRICE SHOWS SIGNS OF BULLISH EXHAUSTION AMID POSITIVE TURNAROUND IN RISK SENTIMENT Gold prices experienced a significant pullback on April 23, 2025, after reaching a record high of $3,500 per ounce the previous day. This decline reflects a shift in investor sentiment, influenced by developments in U.S.