As we close the Month, of March, we will have to see EUR/USD Bears Trying to mitigate the 1.05000 zone as the Fed is in no rush to cut interest rates soon. The major currency pair thus faces selling pressure as the US Dollar (USD) strengthens after the Federal Reserve (Fed) expressed in the policy meeting on Wednesday that interest rate cuts are not on the table...
The Bulls have started taking a breather on the precious metal XAU/USD and will retreat to its first support by early Next week, which would be the $3,000 mark. Once surpassed, the next stop would be the February 20 daily high at $2,954, followed by the $2,900 mark. Conversely, Gold rising above $3,050 would pave the way to challenge $3,100. hoping that my...
Expectations that US President Trump will impose tariffs on copper, a move that would pressure the limited capacity of local smelters. The President signed an executive order to initiate a review of copper imports after noting he would tariff the metal in an earlier speech before Congress. These signals suggested that levies would be imposed later in the year,...
for Mexico, Canada, and the U.S. due to the turbulent rollout of Trump tariffs, which has created significant uncertainty for businesses and policymakers. Concerns over inflation in the U.S., which were already growing, have intensified, making it more likely that the Federal Reserve will hold off on policy changes for the foreseeable future. Meanwhile, the risk...
As we close the Month so are the Bears there will be a retest @0.89800 to the upside as the bulls will try and retest this Key area But early Next week will see exhaustion from the Bulls and the bears will come in and push the Price to our unmitigated liquidity yet to be reclaimed @the 0.87900 handle Tp.1 0.87939
US President Trump renewed his threats to impose tariffs on Canada, noting that the latest delay was only for ‘30 days’, and is set to come back into effect next week. the loonie is under pressure as policy concerns continue to weigh. that being said, I am expecting this week or early March for the bulls to come in and dominate the @1.4500 Fair value area Before...
as we start the month with trade wars which the cable possibly will not be part of, optimism has grown around a potential Ukraine peace plan reinforcing Britain’s support. Sterling also has gained strength from the expectations that UK interest rates will remain higher for longer. Bank of England Deputy Governor Ramsden highlighted that persistent wage pressures...
As we close the 1st month of 2025 so is the Aud/jpy formation of a Bearish cup & handle formation further clarifying that the Bears are still in control of the pair hopefully by early Next Month of Feb we might see the pair seek to liquidate the zone analysed @91.200 as major players try and push the price all the way down to our unmitigated zone @0.92075 1st Tp...
Nonfarm Payrolls soar by 256,000, far exceeding the 160,000 forecasts and reinforcing labour market resilience. the data helps the US Dollar retain its gains with the Fed likely to continue gradual cuts later in 2025 if inflation cools. that being said, I am expecting the Bears will try as of early next week, to push the price all the way down. the targets that I...
it will be quite interesting to see the formation of the bullish cup & handle signifying that we will be coming in a whole new month to a new bullish structure formation in the next few days as we enter August it will be quite interesting to see the Bos and Choch to the upside if I were an institution I would be preparing to be a bull and ride it out up that I...
This week, we have seen the dollar lose its momentum to the upside, thus losing its strength with the other currency pairs. Meanwhile, fears of a potential decline in Eurozone exports due to US President-elect Donald Trump's imposition of hefty tariffs have slightly eased, which could offer more support to the Euro. That being said, I would expect within the...
This week, we have witnessed Gold Choch to the upside due to escalating geopolitical risks.Sentiment turned sour following Putin's nuclear doctrine approval and mixed signals from Russian officials. Market players seeking safety flock to the golden metal, which has risen above $2,600 after dipping to a two-month low of $2,536. Thus, I am anticipating once again...
By the End of next week am hoping to see the Current Price Movement, of the pair as follows the unmitigated orders sitting at 1.28000 handles will be a strong revisiting zone to fulfil pending sell orders. It will be a potential area of demand, where the price might bounce back or consolidate if tested. The first take profit (TP1) will be @ 1.28155, just above the...
the USD/CHF pair has bullish momentum as it heads toward a supply zone of around 0.9000. Traders might watch for reactions at this level to gauge whether the trend will continue or reverse. expect that Trump's policies would put upward pressure on US inflation and bond yields while slowing the Fed’s path to ease policy. This, in turn, lifts the Greenback against...
we have been seeing gold gain positive traction for the fourth successive day from the past week or so and climbing beyond the $2,700 mark, hitting a fresh record high during the Asian session on Friday. Major central banks have been cutting interest rates and are expected to ease monetary policy further. This, along with persistent geopolitical risks stemming...
as we kick start a new Month so is the Eur/USD. It seems the Greenback is gaining some bullish momentum following the latest NFP report that being said my analysis is as follows Key Points from the Chart: Current Price and Resistance: The EUR/USD is trading around the 1.10085 area, this zone will be a key retest area for a possible bearish reversal. in the future...
The dollar climbed to the strongest level in two months as former President Donald Trump defended proposals to raise tariffs on imports dramatically. The Dollar Index rose as much as 0.3% on Tuesday as the Republican candidate cited potential trade policies with economies including Mexico, Europe and China in an interview with Bloomberg News Editor-in-Chief John...
Fundamental Influence of Fed Rate Cut: Impact on Gold: Bullish target for the week @2,700 mark When the Federal Reserve cuts interest rates, especially by a significant margin like 50 bps, it generally weakens the U.S. dollar. Being priced in dollars, gold often benefits from a weaker dollar as it becomes cheaper for foreign investors, leading to increased...