Gold prices decline as US-China trade deal hopes rise, impacting safe-haven demand. US GDP contracts in Q1 2025, but tariff developments overshadow data releases. Key support levels for Gold (XAU/USD) are identified as bearish pressure builds, with 3200 and 3167 being crucial Gold prices have slipped below two crucial areas of support as hopes of
The USD/CAD forecast indicates a declining US economy. Private employment in the US was lower than expected in March. The US GDP report revealed that the economy contracted by 0.3%. The USD/CAD forecast indicates a declining US economy, putting pressure on the Federal Reserve to lower interest rates in June. At the same time, Canada’s
2025.05.01 2025.05.01 Short-Term Analysis for Oil, Gold, and EURUSD for 01.05.2025 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Short-term forecast for
The outlook could be less accurate than before We can’t ignore US tariffs But also should not overemphasise their impact If US tariffs are zero or at low level, then quicker rate hike could be possible But no need to raise rates hastily when underlying inflation is stalling For not wanting to put too much
The Netherlands’ retail sales growth rebounded in March largely on the back of higher demand for non-food items, according to data published by the Central Bureau of Statistics on Thursday. Retail turnover adjusted for shopping days rose 3.4 percent annually in March, faster than the 2.2 percent increase in February. Sales have been rising since
Yen weakened broadly today following the BoJ’s decision to leave interest rates unchanged, while significantly downgrading its growth projections for the current fiscal year. Inflation outlook was also softened, with risks of undershooting the 2% target increased, albeit slightly. This backdrop suggests that while BoJ remains on a slow tightening path, policymakers may take a
EUR/GBP may depreciate due to weaker-than-expected preliminary April HICP data from the Eurozone’s largest economies. Markets have largely priced in a 25 basis point rate cut by the ECB at its June meeting. The Pound Sterling weakens as markets are now anticipating a BoE 25 basis point rate cut in May. EUR/GBP holds ground for
London markets will be open for trading though but the other major hubs in Europe are all closed in observance of Labor Day. As such, there will be lighter flows in general but that won’t stop an already busy-looking market to start the new month. The dollar is keeping steadier across the board, keeping with
Australia’s manufacturing activity continued to expand in April but the pace of growth softened as the improvement in demand was restricted to the domestic sector, final purchasing managers’ survey data from S&P Global showed on Thursday. The final manufacturing Purchasing Managers’ Index fell to 51.7 in April from 52.1 in March. The reading matched the
Australia’s trade surplus rose to 6,900M MoM in March versus 3,130M expected and 2,852M (revised from 2,968M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. Further details reveal that Australia’s Exports climbed by 7.6% MoM in March from -4.2% (revised from -3.6%) seen a month earlier. Meanwhile, Imports fell by
Nvidia CEO Jensen Huang says the U.S. and China are nearly neck and neck in the race for AI chip leadership. Speaking on Capitol Hill, Huang stated, “China is not behind,” and clarified, “China is right behind us. We’re very, very close.” Huang’s comments come as the Trump administration prepares new restrictions on Nvidia’s chip
Christian Norman Financial Writer Christian Norman is a Financial Writer for OANDA, offering market commentary on both a technical and fundamental basis. With years of experience as a trader, his passion for market technicals helps guide his analysis across a broad range of asset classes and instruments. Christian Norman is a Financial Writer for OANDA,
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The AUD/USD pair trades higher around 0.6400, up 0.26% on the day. US GDP data misses expectations, showing a contraction of 0.3% in Q1 2025. Market expectations for a Fed rate cut in June rise as weak data weighs on the USD. Investors remain cautious ahead of key US data releases, including NFPs and GDP
The USD/CHF is trading lower, hovering near the week’s lows, as recession fears and weak Chinese PMIs weigh on sentiment. US GDP contracted in Q1, PCE inflation cooled, and traders now question the Fed’s next move amid Trump’s renewed criticism of Powell. Technical indicators remain bearish, with USD/CHF capped by moving average resistance and downside
