Oil prices remained stable on Wednesday as investors assessed the potential impact of forthcoming U.S. tariffs on imports from Canada and Mexico. Brent crude futures dipped slightly by 2 cents to $77.47 per barrel, while U.S. crude futures inched up 4 cents to $73.81 per barrel. The White House has
The GBP/USD currency pair, often referred to as “Cable,” has experienced notable fluctuations recently, influenced by a mix of economic data and market sentiment. As of January 28, 2025, the pair is trading at approximately 1.2448, reflecting a 0.40% decline from the previous session. Trading Economics Economic Indicators and Their
Gold traders have been on high alert as prices coiled into a symmetrical triangle pattern for several weeks, hinting at a potential breakout. Recent sessions have confirmed those bullish suspicions, with gold futures pushing decisively above the upper boundary of the triangle. Now, many market participants are revising their price
As we approach the week of January 27 to January 31, 2025, several significant economic events are poised to influence global financial markets. Investors and analysts should closely monitor these developments to navigate potential market fluctuations effectively. Key Economic Events: Top 10 Stocks and Currencies Likely to Be Impacted: Conclusion:
In a dramatic show of executive power, President Donald Trump signed more than 40 executive orders on his very first day back in office, reversing many of President Joe Biden’s policies and putting a new stamp on federal priorities. Recent reports from agencies like the U.S. Customs and Border Protection
The global economy surprised on the upside in 2024 but looks set to face rougher waters in 2025. Across-the-board tariffs are poised to squeeze both international trade and foreign direct investment, while persistently elevated interest rates threaten to curb consumer spending and business outlays. Adding to the strain, the U.S.
EUR/JPY Soars to One-Week High, Approaching Mid-16200s as Japanese Yen Weakens Overview The EUR/JPY cross attracts follow-through buyers for the fourth straight day on Wednesday and looks to build on its recovery from the 159.70-159.65 area, or over a one-month low touched last week. The intraday positive move lifts spot
Shining Bright: Gold Price Soars to $2,750, Reaching Highest Point Since November Gold Price Surges as Uncertainty Grows The price of gold (XAU/USD) has experienced a significant surge in value, reaching a high of $2,750, the highest it has been since November last year. This increase in price comes as
GBP/USD Update: Pound Plummets as UK Labor Data Disappoints and BOE Dovish Bets Rise The Pound Sterling (GBP) surrenders its marginal gains against its major peers on Tuesday in the aftermath of the United Kingdom (UK) labor market data for three months ending November. The initial reaction from the British
The EUR/USD currency pair, one of the most closely followed in global forex markets, is at a critical juncture as 2025 begins. A confluence of chart signals, Eurozone economic data, geopolitical developments, and evolving analyst forecasts points to significant potential shifts in its trajectory. Here’s a deep dive into the
Unlocking the Secrets of the Japanese Yen: A Look at USD/JPY and CAD/JPY Before the BOJ Meeting The Impact of Interest Rate Differentials on the Japanese Yen The narrowing interest rate differentials between Japan and the rest of the world has been a key theme in the improving Japanese yen
Unpacking the CAD/JPY Technical Analysis: How Trump’s Trade Tactics Wiped Out CAD’s Gains The Global Markets React to Trump’s Trade Tactics The global markets had a moment of “joy and reprieve” during Monday, 20 January US session when Trump’s inauguration speech adopted a milder tone on trade tariffs targeted on
Breaking Down the Latest Market Trends: EUR/USD Holds Strong Above Parity While Gold Tests Resistance at $2730 Trump’s Focus on “Golden Age” Impacts Market Trends During his recent inauguration, President Trump made a strong emphasis on the return of America’s “golden age.” This rhetoric was interpreted by many as a
Is the NZD/USD Pair Ready to Soar Above 0.5700? Insights from UOB Group Robust Momentum Signals Potential Breakout The New Zealand Dollar (NZD) has been showing strong momentum in recent trading sessions, leading analysts from UOB Group to believe that it could soon break above the key resistance level of
Trump’s Tariff Review Plans Cause GBP/USD Depreciation: A Look at the Latest News and Forecasts for the Pound Sterling Overview The GBP/USD pair has taken a hit recently, with the Pound Sterling losing ground after experiencing significant gains in the prior session. As the US Dollar regained strength following recent
GBP/USD Takes a Dip Near 1.2300 as Traders Exercise Caution Before Trump’s Economic Plans Unfold Introduction GBP/USD has experienced a slight decline after showcasing more than 1% gains in the previous session. The currency pair is currently hovering around the 1.2300 mark during the Asian trading hours on Tuesday. This
