-
3 weeks ago | 
forex.com | Razan Hilal |Michael Boutros |David Song
The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract.
-
4 weeks ago | 
forex.com | David Song |James Stanley |Razan Hilal |Julian Pineda
Euro Outlook: EUR/USDEUR/USD gives back the rebound from the weekly low (1.1264) as the European Central Bank (ECB) implements another 25bp rate-cut, and the Relative Strength Index (RSI) may indicate a textbook sell signal as it struggles to hold above 70.
-
4 weeks ago | 
forex.com | Fawad Razaqzada |Razan Hilal |James Stanley
Following the big 3.5% surge to well above $3,300 mark yesterday, gold initially extended those gains to reach a new high of almost $3358 on the back of Powell’s inflation warning, before easing back down to turn lower the day. The mini reversal comes on the back of profit-taking after the metal’s big 13.5% rally from its monthly low a couple of weeks ago. That impressive $400 gain came as the stock markets have remained volatile and trade uncertainty at the forefront of investors’ minds.
-
1 month ago | 
forex.com | David Song |David Scutt |Fawad Razaqzada |Razan Hilal
US Dollar Outlook: USD/JPYUSD/JPY defends the monthly low (142.05) to keep the Relative Strength Index (RSI) above 30, but the exchange rate may track the negative slope in the 50-Day SMA (149.22) as it holds below the moving average. Keep in mind, USD/JPY cleared the October low (142.97) even as US President Donald Trump paused the reciprocal tariffs for 90 days, and the exchange rate may attempt to test the 2024 low (139.58) as the shift in US trade policy raises the threat of a recession.
-
1 month ago | 
forex.com | Fawad Razaqzada |Razan Hilal |James Stanley |Matt Simpson
Gold forecast remains bullish, but near-term pullback risks are rising Temporary tariff exemptions spur brief risk appetite Technical indicators suggest gold is nearing overbought territoryGold has started the week on the backfoot after another impressive leap of 6.5% last week, as the Trump administration’s erratic trade manoeuvres rattled confidence, causing investors to seek refuge in the yellow metal. The latest twist?
-
1 month ago | 
forex.com | Fawad Razaqzada |Razan Hilal |David Scutt |James Stanley
In what is rapidly turning into a financial drama worthy of a West End stage, global markets find themselves gripped by fresh uncertainty, courtesy of a worsening US-China trade confrontation. Unsurprisingly, the US dollar has taken a hammering. The greenback, often a barometer of market anxiety, slid overnight to its lowest level in six months. Stock index futures, meanwhile, see-sawed between gains and losses, offering little in the way of stability ahead of key US data.
-
1 month ago | 
forex.com | David Song |Razan Hilal |James Stanley |Matt Simpson
US Dollar Outlook: USD/JPYUSD/JPY falls to a fresh yearly low (144.00) as China imposes an additional 50% tariffs on the US, and the update to the US Consumer Price Index (CPI) may keep the exchange rate under pressure as the report is anticipated to show slowing inflation.
-
1 month ago | 
forex.com | Matt Weller CFA |Razan Hilal |Fawad Razaqzada |David Song
US CPI KEY TAKEAWAYS: US CPI expectations: 2.8% y/y headline inflation, 3.1% y/y core inflation FOMC officials continue to downplay the immediate impact of a potential trade war on the US economy, preferring to emphasize the backward-looking data as a key policy driver, keeping the focus on CPI. As long as the US Dollar Index remains below 103.20 the path of least resistance will remain to the downside, with little in the way of major support until the 2024 lows near 100.25.
-
1 month ago | 
forex.com | Fawad Razaqzada |James Stanley |Julian Pineda |Razan Hilal
Gold surges past $3080 as safe haven demand spikes Bond market turmoil adds to investor stress as yields surge Stock under pressureJust when it seemed the market might catch a break, the US-China trade saga took another ugly turn. Trump teased optimism early in the week, dropping hints about possible deals with China and others. But actions spoke louder than words. By the close of play yesterday, the US had gone full throttle on tariffs, slapping Chinese imports with a jaw-dropping 104% levy.
-
1 month ago | 
forex.com | David Song |Julian Pineda |James Stanley |Razan Hilal
Canadian Dollar Outlook: USD/CADUSD/CAD pulls back from a fresh weekly high (1.4415) with US President Donald Trump on track to impose reciprocal tariffs, and the exchange rate may face increased volatility over the coming days as the shift in US trade policy puts pressure on the Bank of Canada (BoC) to support the economy.
