FM-ForexMastermind

FM-ForexMastermind Updated 

🔔🔔🔔Gold news: •Investors remain concerned that US President Donald Trump's trade tariffs could drive up inflationary pressures, reinforcing the Federal Reserve's hawkish stance and leading to some selling pressure on gold prices on Tuesday. •Trump's tariffs on Mexico and Canada take effect this Tuesday, along with a new 10% tax on Chinese goods. Additionally,...

FM-ForexMastermind

🔔🔔🔔GBP/USD News: 👉 Support from the UK and European countries for a ceasefire in Ukraine during this time is the driving force for the strength of GBP. 👉 The US is increasingly mired in a trade war between countries and recent bad economic data is weakening the dollar 👉 DXY is touching a strong support zone so there are signs of convergence RSI (1H) so there...

FM-ForexMastermind Updated 

🔔🔔🔔EUR/USD news: 👉Trump confirmed that tariffs on Canada and Mexico will take effect starting Tuesday and revealed plans to double the 10% universal tariff on Chinese imports. This move increases the likelihood of a global trade war, boosting demand for gold as a safe-haven asset. 👉Meanwhile, traders continue to anticipate that the Federal Reserve (Fed) will...

FM-ForexMastermind

🔔🔔🔔EUR/USD news: 👉President Trump has imposed tariffs of 25% on North American trade partners and an additional 10% on China in response to the influx of fentanyl into the US. Speaking to reporters on Monday, he stated, “There’s no room left for Mexico or Canada,” and confirmed that the tariffs would take effect the following day. 👉In response, China has...

FM-ForexMastermind Updated 

🔔🔔🔔 USD/CAD news: 👉USD/CAD is forming a traditional double top pattern and the price is right at the neckline 👉USD/CAD RSI (1H) is in control of the sellers 👉DXY is entering the overbought zone with no signs of reversal 👉Trendline shows signs of breaking Personal opinion: 👉The above signals show that USD/CAD is likely to decline in the short term and...

FM-ForexMastermind Updated 

🔔🔔🔔 Gold news: 👉Gold prices saw a slight increase on Monday, driven by a weaker US Dollar. Expectations of another Federal Reserve rate cut put pressure on the USD, which in turn boosted XAU/USD. Additionally, concerns over Trump’s proposed tariffs and the potential for a global trade conflict added to gold’s appeal. 👉The US Dollar also faced downward pressure...

FM-ForexMastermind Updated 

USD/CHF news: 🔆The USD/CHF pair continued its upward momentum, reaching 0.9000 in early European trading on Thursday. However, it is now showing signs of a potential pullback as the 1-hour RSI approached the overbought threshold of 80. 🔆On Thursday, data revealed that the second estimate for the US Gross Domestic Product (GDP) in Q4 2024 remained unchanged from...

FM-ForexMastermind Updated 

USD/CAD news: 🔆USD/CAD rallied yesterday as Trump outlined clear tariffs including those on Canada and Mexico from March 4 🔆DXY maintained its third consecutive day of gains after the US Q/Q GDP was released as expected, indicating that the US economy remains solid after the tariff preparations 🔆However, on the technical side, the RSI (1H) indicator after...

FM-ForexMastermind Updated 

USD/JPY news: 🔆The US dollar (USD) strengthened alongside rising US Treasury yields, with the US Dollar Index (DXY), which tracks the greenback against six major currencies, reaching 107.30. Meanwhile, the yield on the benchmark 10-year US Treasury note peaked at 1.17% for the day. 🔆In recent developments, US President Donald Trump has initiated an investigation...

FM-ForexMastermind Updated 

EUR/USD news: 🔆The EUR/USD pair continues its downward trend for the third consecutive day, trading around 1.0390 during the Asian session on Friday. The Euro faces selling pressure due to increased risk aversion, driven by escalating trade tensions between the US and the EU. US President Donald Trump signaled the possibility of imposing “reciprocal” tariffs on...

FM-ForexMastermind Updated 

Gold news: 🔆The US Dollar extends its recovery from an 11-week low, supported by a slight rebound in US Treasury bond yields, which in turn puts some pressure on Gold prices during the Asian session on Thursday. 🔆On Wednesday, US President Donald Trump raised expectations for a potential delay in imposing steep new tariffs on imports from Mexico and Canada,...

FM-ForexMastermind Updated 

Gold news: 🔆The US confirmed that the annualized Q4 Gross Domestic Product (GDP) grew by 2.3% in its second estimate. However, the quarterly Personal Consumption Expenditures (PCE) Prices were revised upwards to 2.4% from the initial 2.3%, while Core PCE Prices saw an even sharper increase to 2.7% from the previous 2.5%. 🔆Meanwhile, Initial Jobless Claims rose...

FM-ForexMastermind Updated 

AUD/USD news: 🔆The Australian dollar climbed to 0.6370 on Monday following China’s release of its 2025 annual policy statement on Sunday. The statement outlined plans to advance rural reforms and drive comprehensive rural revitalization, boosting optimism about China’s economic outlook. Given China’s significance as Australia’s key trading partner, these...

FM-ForexMastermind Updated 

Gold news: 🔆Gold is in a short-term correction after entering the extreme buy zone (RSI) in the previous days. After failing to completely break the ATH 2956 resistance level, the sellers rushed in strongly to dominate the market. As a result, gold fell nearly 1.5% yesterday. 🔆In addition, the DXY index recovered today and the US 10-year bond yield suddenly...

FM-ForexMastermind Updated 

AUD/USD news: 🔆Investors view President Trump’s $4.5 trillion tax cut bill as supportive of economic growth and likely to drive inflation higher. This expectation could prompt Federal Reserve (Fed) officials to keep monetary policy restrictive for an extended period, strengthening the US dollar. 🔆At the same time, the Australian Dollar (AUD) has lagged behind...

FM-ForexMastermind Updated 

NZD/USD news: 🔆The US House of Representatives has approved President Donald Trump’s $4.5 trillion tax cut plan, which aims to overhaul the tax system, stimulate economic growth, and ease regulations to foster a more business-friendly environment. This has contributed to a strong rebound in the US dollar. 🔆Additionally, investors anticipate that Trump’s tax...

FM-ForexMastermind Updated 

GBP/USD news: 🔆GBP/USD edged higher on Tuesday, pushing Cable towards the upper range of its recent consolidation and maintaining support near the 200-day Exponential Moving Average (EMA). Meanwhile, US consumer sentiment declined in February, intensifying worries about an economic slowdown. Additionally, US President Donald Trump reiterated his plan to enforce...

FM-ForexMastermind Updated 

EUR/USD news: 🔆Weakening U.S. economic data weighed on the U.S. dollar, as the Conference Board’s consumer confidence index dropped by 7 points in February to 98.3, marking its third consecutive decline, according to Tuesday’s data release. 🔆Meanwhile, Richmond Federal Reserve President Thomas Barkin projected another decrease in Personal Consumption...