FM-ForexMastermind

FM-ForexMastermind Updated 

🔆 Gold prices have risen significantly following the inauguration of US President Donald Trump. 🔆 The increase is attributed to a weaker US dollar as markets assess the impact of economic policies during President Trump's second term. The US dollar fell about 1% after reports that any new taxes would be "moderate". The weakening of the US dollar makes gold more...

FM-ForexMastermind

🔆The USD/CAD currency pair is being influenced by important economic and political developments. 🔆US President Donald Trump has announced that he is considering imposing a 25% tariff on goods imported from Canada and Mexico. But instead of taking effect immediately, the policy could take effect in February. The announcement immediately sent the USD sharply lower,...

FM-ForexMastermind

Comment: EUR/USD continues its downtrend. On the daily chart (D1), EUR/USD is in a long-term downtrend. Recently, the pair tried to correct higher but met strong resistance at 1.0340, after which it fell back. On the 4-hour timeframe (H4), the downtrend is also clear. The recent upward correction stopped at the resistance at 1.0335. The trading plan on H1 favors...

FM-ForexMastermind

Gold prices continued to fall below $2,700 during the Asian session on Monday. Among the factors driving the decline were higher US Treasury yields, easing tensions between Israel and Gaza, and the market awaiting the inauguration of US President Donald Trump. Investors are waiting for President Trump to issue the first order on the US President's diamond so they...

FM-ForexMastermind

UK economic news: • UK interest rates expected to fall more than expected • The BoE's decision to pause and possibly end its tightening policy suggests interest rates are no longer supported. • Weaker inflation, higher unemployment and gloom from policymakers • Some news shows UK economy slowing, gloomy forecast points to continued pressure on sterling • The...

FM-ForexMastermind Updated 

Comment: 📌 The recent inflation data and comments from Fed official Waller put pressure on the US dollar, as traders grow increasingly confident that the US Central Bank might cut rates sooner rather than later. Waller did not dismiss the possibility of a rate cut at the March meeting, highlighting that inflation "is approaching our 2% target." Chicago Fed...

FM-ForexMastermind Updated 

Comment: Gold prices have recovered from their lows this week as weak US PPI data boosted expectations of a Fed rate cut. Meanwhile, potential tariffs proposed by Trump could weigh on inflation dynamics, weighing on gold prices and market sentiment. The rebound was driven by hopes of a looser monetary policy, with attention shifting to the CPI report later...

FM-ForexMastermind

UK CPI inflation unexpectedly dropped to 2.5% year-on-year from 2.7%. So how does this influence GBP/USD? The ongoing downturn in the UK bond market signals a bleak economic outlook and rising concerns about inflation during the presidency of Donald Trump’s second term. This scenario may compel the Bank of England (BoE) to implement significant interest rate...

FM-ForexMastermind

Gold prices gain slight upward momentum as US bond yields experience a modest pullback. However, expectations of a hawkish Federal Reserve support USD strength, limiting gold's upward potential. The robust US Nonfarm Payrolls (NFP) report released on Friday has strengthened predictions of a slower pace of rate cuts this year, boosting US bond yields and the USD....

FM-ForexMastermind

Canadian Prime Minister Justin Trudeau said on Sunday that Canada is ready to respond with retaliatory tariffs against the United States if President-elect Donald Trump carries out his threat to launch a trade war in North America. This has led to concerns about Trump's trade policy gradually gaining confidence from many investors, although the NFP news last...

FM-ForexMastermind

Analysis: Gold prices continued to rise for the fourth consecutive day despite the continued strength of the US dollar (USD) and US Treasury yields. Concerns about the possibility of inflation from President-elect Donald Trump's upcoming trade and immigration policies have boosted the appeal of gold as an inflation hedge and a safe-haven asset. The yield on the...

FM-ForexMastermind

NEWS: XAU/USD Gold News Yesterday and Today Gold prices fell on Thursday as rising yields and a stronger US dollar weighed on investors, while investors awaited US data for more clarity on the Federal Reserve's interest rate stance for 2025. And markets are looking ahead to tomorrow's US jobs report The ADP National Employment Report showed US private payroll...