West Texas Intermediate (WTI) US Crude Oil prices struggled to capitalize on a slight intraday increase, sliding to a new daily low of roughly $58.00 during the first half of the European session on Friday. The commodity looks to have stalled its rebound from approximately $56.00, a three-week low hit on Thursday. Hopes for a […]

After reaching its highest level in three weeks above 100.40 on Thursday, the US Dollar (USD) Index falls to begin the European session on Friday. The US Bureau of Labor Statistics will release April employment data, including wage inflation, unemployment rate, and nonfarm payrolls figures. Earlier in the day, the European economic calendar will include […]

The price of gold (XAU/USD) is down for a second day, although the weekly performance is still up. After hitting a new all-time high of $3,057 the day before, the precious metal is currently trading at about $3,030 as of this writing on Friday. This negative action shouldn’t be shocking because Quadruple watching is happening. […]

During Friday’s European session, EUR/USD trades down, approaching the 10-day low of 1.0815. Selling pressure is applied to the major currency pair as the US dollar (USD) gains strength following the Federal Reserve’s (Fed) statement that interest rate cuts are not currently an option. The US Dollar Index (DXY), which measures the value of the […]

The price of silver (XAG/USD) hits a new weekly low on Friday during the European session, trading close to $33.00. As the US dollar (USD) continues to rise on growing hopes that the Federal Reserve (Fed) would not lower interest rates in the foreseeable future, the white metal continues its losing run for the third […]

USD/JPY may stage a stronger rebound ahead of the Bank of Japan (BoJ) meeting, with the central bank predicted to keep interest rates unchanged. US Dollar Outlook: USD/JPY USD/JPY trades near the weekly high (149.20), despite the fact that the University of Michigan Confidence survey printed at 57.9 in March, compared to forecasts of 63.1, […]

Canadian Dollar Talking Points: In my perspective, technical analysis isn’t particularly good at predicting new occurrences. This may sound oxymoronic as a lead statement in a forecast post, but we might as well address the elephant in the room. Technical analysis is a review of the history, and as such, it can only be used […]

Gold surges in response to US President Donald Trump’s tough tariff discussions. Traders remain concerned about recession and growth as the tariff conflict continues.As retaliatory tariffs approach, traders are increasingly turning to safe-haven assets. Gold’s price (XAU/USD) rose to a new all-time high of 3,004 earlier this week before falling below $3,000, resulting in a […]

EUR/JPY rises above 161.50 on a minor increase in global risk sentiment. EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session. The pair strengthens as the Japanese Yen (JPY) weakens amid concerns that US President Donald Trump may introduce new tariffs on Japan. Furthermore, the JPY is […]

The GBP/USD pair falls throughout the Asian session on Wednesday, eroding a portion of the previous day’s strong advance up to almost a four-month high near 1.2965. Spot prices are currently trading at 1.2935, but the decline lacks bearish conviction as traders eagerly await the release of US consumer inflation data before putting new directional […]