Silver (XAG) Forecast: Price Prediction Hinges on 50-Day MA and PCE Report
Silver's struggle at the 50-day MA highlights market pressure as PCE data and shifting rate-cut expectations threaten further downside momentum.
USD/JPY Still Driving the Dollar Basket as DXY Tests Key Resistance
It's been a comeback type of week for USD/JPY so far but perhaps the larger test is what lies ahead. The pair was in breakdown mode last week even with what probably would've been expected to be bullish drivers, in the form of a Sanae Takaichi/LDP win in the weekend elections and then a relatively strong NFP report on Wednesday.
USD/CHF climbs to eight-session high as jobless claims plunge
USD/CHF climbs to eight-session high as jobless claims plunge
Gold Forecast: XAU/USD Begins to Show Neutrality Around the $5,000 Level
Over the last five trading sessions, gold's average daily fluctuations have been close to 3%, representing a notable reduction compared to previous weeks when daily moves exceeded 8%. At present, there is no clearly dominant direction, and indecision has become a relevant part of market behavior.
USD/CAD Forecast: Loonie Faces Two-Way Trade as Rate Differential Limits Near-Term Gains
The Canadian dollar faces cross-currents from mixed jobs data and tariffs, while the Fed's higher rates keep the pair supported until yield spreads narrow.
USD/JPY consolidates near 155.00 as traders await Japan CPI
USD/JPY consolidates near 155.00 as traders await Japan CPI
Euro Short-term Outlook: EUR/USD Slides into Yearly Open Support – Decision Time
EUR/USD has retreated from recent highs and is now testing a pivotal structural level that has repeatedly acted as a directional hinge this year. Euro has continued to trade within a multi-week downtrend, and the focus is on how the market behaves at this threshold.
US Crude Imports from Saudi Arabia Reach Highest Level Since June 2022
US crude oil imports from Saudi Arabia increased to their highest weekly level since June 2022, according to the latest data from the Energy Information Administration (EIA). This rise reflects changing trade dynamics in the oil market amid global supply considerations.
U.S. Dollar Gains Ground As Initial Jobless Claims Drop: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is moving higher as traders react to job market data.
Canadian Dollar Outlook: USD/CAD Rips from 1.3500 to Test February Highs
In the Tuesday webinar for the past couple of weeks I've looked at USD/CAD as one of the more attractive major pairs for scenarios of USD-strength. And with both markets now vying for a bullish breakout, that remains the case.