AUD/USD gains ground following the release of domestic mid-tier economic data on Wednesday. US Treasury Secretary Bessent and Trade Representative Greer are set to meet with Chinese Vice Premier He Lifeng in Geneva. The Fed is expected to hold rates steady later in the North American session. The AUD/USD pair continues its upward momentum for […]
EUR/USD trades near the 1.1300 zone after climbing modestly post-European session. Bullish structure remains supported despite mixed momentum signals. Upward-sloping trend indicators reinforce strength, with support levels holding below. The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s
USD/CAD could face downside pressure as the US Dollar weakens, possibly due to rising trade tensions. President Donald Trump’s proposal to impose a 100% tariff on foreign-made films has heightened fears of renewed protectionist policies. The Canadian Dollar is rebounding in line with other G10 currencies, supported by fading recession concerns. USD/CAD is holding steady
EUR/USD edged lower on Monday as potential trade tensions weighed down market sentiment. President Donald Trump announced plans to initiate a 100% tariff on foreign-produced films, raising concerns over escalating protectionist policies. Eurozone Harmonized Index of Consumer Prices remained steady at 2.2% YoY in April, slightly above the expected 2.1%. EUR/USD is kicking off the
The Australian Dollar maintains its position despite a disappointing Retail Sales MoM for March. The AUD may come under pressure as renewed fears of a global economic slowdown weigh on commodity markets. Trump signaled potential trade agreements with India, Japan, and South Korea, and voiced optimism about reaching a resolution with China. The Australian Dollar
The USD/JPY is trading with strong gains near 146.00 as the Yen weakens sharply following the BoJ’s dovish policy guidance. US jobless claims surged to 241,000 while the ISM Manufacturing PMI slipped to 48.7, reinforcing expectations for Fed rate cuts later this year. Technical outlook remains bullish short-term, with the pair testing resistance near 146.64
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
GBP/USD weakens to around 1.3425 in Tuesday’s early Asian session. Improved optimism over trade tension supports the US dollar and creates a headwind for the pair. Traders brace for the BoE’s Dave Ramsden speech later on Tuesday. The GBP/USD pair attracts some sellers to near 1.3425 during the early Asian trading hours on Tuesday, pressured
EUR/USD softens to around 1.1415 in Tuesday’s early Asian session. Bessent said it’s up to China to de-escalate the trade war. Traders raise their bets on the ECB rate reductions. The EUR/USD pair edges lower to near 1.1415 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid
USD/CHF trades near the lower end of its daily range on Monday after a notable decline. Bearish signals dominate with downward pressure from key moving averages. Technical levels point to support near 0.8210 and resistance around 0.8315. During Monday’s session, USD/CHF was seen trading near the lower end of its daily range, moving around the
EURUSD trades near the 1.1400 area, slipping slightly after the European session. The bullish bias persists despite mixed short-term momentum signals. Resistance seen around 1.1378; support zones near 1.1335 and 1.1215. The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair
USD/CAD edges higher as the US Dollar strengthens due to optimism surrounding potential US trade deals. Washington appears to be making headway in early trade discussions with Asian allies, including South Korea and Japan. The Canadian Dollar remains under pressure as Trump suggested that the 25% tariff on Canadian auto imports could be raised. USD/CAD
USD/CAD weakens as the Fed’s April Beige Book underscores the potential negative impact of tariffs on the economic outlook. The US Dollar also loses ground after the flash Composite PMI pointed to a slowdown in overall business activity. President Trump suggested the 25% tariff on Canadian auto imports to the US could be raised. USD/CAD
GBP/USD is pressured by upbeat US PMIs and growing confidence in the US Dollar amid trade de-escalation signals. Trump eases market jitters by confirming no intention to fire Powell, lifting risk appetite and USD. The Pound Sterling holds above key support at 1.3250; a break below could open the door to test 1.3152 (50-day SMA).
EUR/USD slumps to near 1.1355 in Wednesday’s early Asian session, down 0.58% on the day. Trump said he had no intention of firing Fed’s Powell, despite being frustrated with the high interest rates. Traders ramp up ECB rate cut bets in the June meeting. The EUR/USD pair attracts some sellers to around 1.1355 during the
AUD/USD trades around the 0.6400 zone, holding gains despite US Dollar stabilization. Concerns about a China-linked slowdown keep the Aussie under pressure, despite upbeat Q1 Chinese GDP. Resistance emerges near 0.6420; short-term moving averages maintain bullish alignment. The Australian Dollar (AUD) trades with a modestly bullish tone on Tuesday, consolidating near the 0.6400 region during
