USDCAD trend forecast January 27, 2025 The USD/CAD pair rebounds from the losses of the previous two sessions and trades near 1.4390 during early Monday's Asian session. The pair's upward movement is driven by increased discussions among US President Donald Trump’s advisors about implementing 25% tariffs on Mexico and Canada as early as February 1. According...
XAU / USD trend forecast ( January 27 - January 31 , 2025) Trump's aggressive rhetoric extends beyond addressing the trade deficit. At the World Economic Forum (WEF), he announced his intention to push for lower interest rates. Following his comments, the US Dollar weakened and continues to face downward pressure, as indicated by the US Dollar Index (DXY),...
XAU / USD trend forecast January 24, 2025 Gold prices remain steady after dipping to a daily low of $2,735, supported by elevated US Treasury bond yields. Economic data from the United States (US) highlighted a cooling labor market, while investors continued analyzing US President Trump's trade policy statements. At the time of writing, XAU/USD is trading at...
XAU / USD trend forecast January 24, 2025, SCALPING Concerns over the economic impact of US President Donald Trump's tariffs continue to drive investors toward safe-haven Gold, pushing its price higher on Friday. Meanwhile, the US Dollar edges closer to its monthly low, following Trump’s Thursday remarks about pressuring the Federal Reserve to lower interest...
GBPUSD trend forecast January 24, 2025 The Bank of Japan (BoJ) is anticipated to increase the short-term interest rate from 0.25% to 0.50%—the highest level in 17 years—after concluding its two-day monetary policy meeting on Friday. The Japanese Yen (JPY) is likely to experience significant volatility following the BoJ's policy announcement, as investors look...
USDJPY trend forecast January 24, 2025 The Bank of Japan (BoJ) is anticipated to increase the short-term interest rate from 0.25% to 0.50%—the highest level in 17 years—after concluding its two-day monetary policy meeting on Friday. The Japanese Yen (JPY) is likely to experience significant volatility following the BoJ's policy announcement, as investors look...
XAU / USD trend forecast January 23, 2025 The gold price (XAU/USD) remains under pressure during the first half of the European session on Thursday, appearing to halt a three-day rally that pushed it to its highest level since early November just the day before. The US Dollar (USD) continues to gain momentum for a second consecutive day, extending its rebound...
USDCAD trend forecast January 22, 2025 The USD/CAD pair shows modest gains near 1.4340 during the early Asian session on Wednesday, as the Canadian Dollar (CAD) faces pressure from weaker-than-expected December Consumer Price Index (CPI) inflation data and growing trade tensions between the United States and Canada. US President Donald Trump announced on...
XAU / USD trend forecast January 22, 2025 Gold surged over 1%, reaching a two-month high of $2,745 on Tuesday as investors turned to the safe-haven metal following US President Donald Trump's comments on tariffs. Initially, the US Dollar (USD) strengthened, but it later reversed its gains, as reflected by the US Dollar Index (DXY), providing additional support...
GBPUSD trend forecast January 22, 2025 GBP/USD experienced volatile movement on Tuesday, initially declining and then rebounding in line with global shifts in US Dollar flows. The British Pound reacted to mixed labor market data from the UK, though these figures were met with skepticism by the UK’s labor department. Meanwhile, in the US, President Donald Trump...
XAU / USD trend forecast January 21, 2025, SCALPING US President Donald Trump announced on Tuesday his intention to impose 25% tariffs on Canada and Mexico, with the implementation potentially beginning as early as early February. Trump also warned that tariffs could be levied on China if a TikTok deal is not approved, supporting the demand for safe-haven...
USDJPY trend forecast January 21, 2025 The Japanese Yen (JPY) experiences a significant pullback after reaching a five-week high against the US Dollar (USD) during Tuesday's Asian session, with the USD/JPY pair climbing over 100 pips from below the key 155.00 level within the past hour. Comments from US President Donald Trump regarding tariffs spurred a...
XAU / USD trend forecast January 21, 2025 Gold prices rose modestly on Monday in light trading conditions following Donald Trump's inauguration as the 47th President of the United States (US). The US Dollar softened during his speech, as he refrained from emphasizing aggressive tariff policies that might fuel inflation and hinder the Federal Reserve's (Fed)...
USDCAD trend forecast J anuary 21, 2025 The USD/CAD pair surged to 1.4518 before retreating sharply to 1.4445 during Tuesday's Asian session. The Canadian Dollar (CAD) faced pressure following US President Donald Trump's comments about potentially imposing tariffs on Canadian imports. Later in the day, attention will turn to Canada’s December Consumer Price...
XAU / USD trend forecast January 20, 2025, US trading session Gold's price (XAU/USD) remains above $2,700, despite dipping to $2,689 during the Asian session, as traders remain focused on the inauguration of President-elect Donald Trump as the 47th President of the United States later today. Market participants are evaluating their bullion positions amid...
XAU / USD trend forecast January 20, 2025 Gold price (XAU/USD) continues to drop, approaching the $2,695 level in early Monday's Asian session. The broader strength of the US Dollar (USD), fueled by anticipation ahead of President-elect Donald Trump’s inauguration, puts pressure on the precious metal. Market analysts anticipate heightened gold price...
USDJPY trend forecast January 20, 2025 The USD/JPY pair climbed on Friday, advancing by 0.6% and ending a two-day losing streak as broad-market support for the Greenback lifted the Dollar-Yen pair from a recent test of the 50-day Exponential Moving Average (EMA). The US Dollar gained momentum across the board on Friday, supported by declining US Treasury...
USDCAD trend forecast January 20, 2025 The Canadian Dollar (CAD) fell to multi-year lows on Friday, pushing USD/CAD back above the 1.4400 level and keeping the Loonie near its weakest levels since the pandemic era. With a relatively quiet economic calendar to close out the trading week, anticipation of future Federal Reserve (Fed) rate cuts underscores the...