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1 week 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.
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1 week 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.
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2 weeks 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.
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2 weeks 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.
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2 weeks 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.
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3 weeks 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.
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3 weeks ago | 
forex.com | James Stanley |Julian Pineda |Fawad Razaqzada |Razan Hilal
Gold prices have been pushing aggressively higher, and this week has already seen the metal break above the $3100 level on the way to current resistance at $3125. There’s a lot of different reasons contributing to the move and a big one appears to be global uncertainty around Tariffs as President Trump’s ‘Liberation Day’ fast approaches. As I’ve been saying on Gold, I still see little reason for a bearish stance.
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1 month ago | 
cityindex.com | Fawad Razaqzada |David Scutt |David Song |Razan Hilal
The EUR/USD has been able to rally at the start of this week, despite Trump’s trade tariffs and uncertainty over Ukraine. This pair will remain in sharp focus for these reasons alone, but also have the ECB rate decision and key data from the US to look forward to as well. The EUR/USD forecast is therefore subject to great uncertainty, but for now it looks like the path of least resistance is to the upside. Mexico, Canada, and China tariffs go into effect but what about Europe?
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1 month ago | 
forex.com | David Song |Razan Hilal |Fawad Razaqzada |Matt Weller CFA
Euro Outlook: EUR/USDEUR/USD may stage further attempts to test the January high (1.0533) ahead of the European Central Bank (ECB) interest rate decision as it snaps the series of lower highs and lows from last week. EUR/USD retraces the decline from the February high (1.0529) as the Euro Area Consumer Price Index (CPI) points to sticky inflation, with the headline reading printing at 2.4% in February versus forecasts for a 2.3% reading.
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1 month ago | 
cityindex.com | David Song |James Stanley |Razan Hilal
Gold Price Outlook: XAU/USDThe price of gold halts an eight-week rally as it continues to pull back from a record high ($2956). The price of gold starts to carve a series of lower highs and lows as it slips to a fresh weekly low ($2833), with the recent weakness in bullion pushing the Relative Strength Index (RSI) to its lowest level since December. Join David Song for the Weekly Fundamental Market Outlook webinar.
