We could spot an immediate up trend on GBPCAD on the H4 time frame, the overall bullish dominance is conspicuous with the formation of HHs and HLs.
However, prices were resisted around 1.8527 levels which happened to be three weeks high.
Price is currently resting above EMA 50 which serves as support and likely adds credence to the bullish trend. From technical...
What triggered the recent movements?
As per analyst analysis, since February 20, 2025, the S&P 500 Index began a gradual decline, forming a clear downtrend that resulted in a total drop of approximately 21.14%. This sharp retreat was primarily driven by mounting investor concerns over President Donald Trump's foreign trade policies, particularly the increased...
The Lonnie is seen bearish during the Asian session. Meanwhile the overall trend is bearish but rebounded the previous day to close at 1.3958 a cumulative of + 58% for the day. The pair witnessed a slight resistance somewhere around 1.3977 but tanked afterwards and maintained this trajectory today the 16th of April 2025.
The pair is seen hovering around 1.3916 and...
Gold prices rebounded during Wednesday’s Asian session as the demand for safe haven increased in the wake of U.S. tariffs. However, spot prices were resisted around $3,058.
Adding fuel to the rally was a weakening dollar, with the dollar index sliding and further boosting gold’s demand.
Meanwhile, gold spot tested $2,956 level on Monday which happened to be three...
The Euro rose significantly against the US dollar during yesterday's session, Thursday, April 3, 2025, successfully breaching the resistance level at 1.09547 and establishing a new high above it. This upward movement followed the decision by the US president to impose tariffs on approximately 180 countries, significantly impacting the performance of the US dollar...
Why is the EUR/NZD pair in the spotlight as the week comes to an end?
At the beginning of this year, the euro rose by more than 6%, reaching its highest levels since November 2024. Meanwhile, the New Zealand dollar was experiencing a decline at the end of last year, touching its lowest levels since October 2022. But what has changed this week?
From the...
As investors turn to safe-haven assets during turbulent times, the yellow metal created a new high level to trade at $3017 during Asian trade on Tuesday the 18th.
The yellow metal broke and traded above the $3000 per ounce for the first time on Friday, March 14th, 2025.
Meanwhile, geopolitical tensions coupled with concerns over trade disruptions and...
With the recent decline of the US dollar to its lowest level since November 2024, the euro has surged, reaching 1.09365 its highest level since November 2024. This rise is primarily driven by the recent weakness of the US dollar.
Possible Scenarios for EUR/USD in the Coming Period:
Scenario 1:
The pair continues its general upward trend, forming higher...
Several factors have influenced EUR/CAD in recent times. Despite last week’s rate cut, the pair continued to rally, driven by market sentiment and optimism about a potential shift in monetary policy. From Eurozone inflation, currently at 2.4%, which slightly eased from January’s 2.5%, which contributed to the ECB’s decision to cut rates in March 6th by 25bps, to...
In the current scenario, a rise to the 20,839.55 level presents an opportunity to continue the downtrend, targeting the 20,227.50 level in the short to medium term.
The bearish scenario will be invalidated if the price rises above 21,077.98 and closes a daily candlestick above this level.
Note:
Markets are awaiting the U.S. employment data today, with...
Fundamental View
Earlier on Wednesday, during a news conference, BOJ Deputy Governor Shinichi Uchida stated that the central bank has no immediate plans to sell its large holdings of exchange-traded funds (ETFs). He also reaffirmed that the BOJ’s monetary policy is not intended to manipulate currency rates. He however declined to comment on U.S. President Donald...
The annual inflation rate in the Euro Area slowed to 2.4% in February 2025, down from 2.5% in January, which was a six-month high. However, it remained slightly above market expectations of 2.3%, according to a preliminary estimate. Meanwhile, core inflation, which excludes food and energy prices, also declined to 2.6%, slightly surpassing forecasts of 2.5% but...
After NVIDIA's positive earnings were released yesterday, today's focus shifts to the U.S. GDP data on a quarterly basis. Expectations suggest a steady growth rate of 2.3%. If the U.S. growth exceeds this rate, it could lead to a rise in the U.S. dollar and potentially negatively impact American indices like NASDAQ, due to the likelihood of maintaining higher...
The rise of the euro and German stocks reflects the market's response to Friedrich Merz's victory in the German legislative elections held on Sunday, February 23, 2025. This victory seems to herald a political shift towards increased government spending, bringing hope for boosting the struggling German economy. The euro experienced a notable recovery against the...
TECHNICAL VIEW:
From technical standpoint, USDCHF is currently resisted around 0.9055 with investors currently waiting for the next catalyst to drive prices. On the economic calendar, the FOMC meeting would be on the wire later today by 11pm, with fresh insight into Fed’s policy stance. A hawkish tone would likely strengthen the USD and if that be the case,...
The Australian dollar has recently performed positively against the U.S. dollar, despite the U.S. dollar losing around 1.45% in the past few days. This decline came even after positive inflation data, as the annual Consumer Price Index (CPI) in the U.S. rose to 3.0%, marking its highest reading in seven months.
Today's daily close for AUD/USD will determine the...
• Implication of a stronger U.S. inflation data
• Technical view
The yellow metal rose in Asian trade on Thursday, after Wednesday’s retracement. Meanwhile, the record high created on Tuesday remains in sight, as optimism surrounding geopolitical tensions, market dynamics and amongst others ignited a risk on sentiment across board.
Fed Chair Powell’s...
On the 4-hour timeframe, the pair is trending downward after breaking the neckline near 2.19432. This level, which has since turned into a resistance zone, was recently retested.
Despite the last bullish candle closing strongly, signaling potential upside strength, sellers may still regain control, driving the price down toward 2.18404, with a further drop...
