Silver Price Outlook: XAG/USD climbs above $38.50 due to increasing demand
Silver prices have surged to their highest point since 2011, hitting approximately $38.85 during Monday’s Asian trading session. A 50% tariff on copper imports, announced by Trump, has had an effect on silver prices. While rising industrial demand supports silver prices, the Fed’s cautious stance might enhance its value further. During Monday’s Asian trading hours, […]
Weekly Outlook for the Japanese Yen: Could USD/JPY Reach 150? US-Japan Trade Discussions Are Crucial
Economists Flag Food Price Trends In June, producer prices increased by 2.9% compared to the previous year, a decrease from 3.3% in May, suggesting a more subdued outlook for inflation. Following these figures, the USD/JPY currency pair noted an upward trend. Regarding last week’s statistics, East Asia Econ commented: “In Japan, commodity prices are starting […]
Solana Price Outlook: Analysts Predict SOL Could Reach $300 Before August Based on Positive Chart Trends
Solana Shows Strength After Breaking Resistance Solana (SOL) appears to be gaining momentum, having successfully breached its $160 resistance level for the second time in three months. At present, SOL is trading at $163.43, with a market capitalization of $8.765 billion. Over the past 30 days, it has risen by 12.87%, reinforcing its status as […]
Weekly Forex Outlook – July 13th – July 19th (Charts)
I wrote this on the 6th. Here’s a rundown of the best deals from the week: Long on the EUR/USD currency pair, which dipped by 0.70%. Long on the Nasdaq 100 index, which increased by 0.12% over the week. Long on the S&P 500 index, showing a 0.11% rise for the week. Silver in USD […]
Mamdani win ‘NOT A COINCIDENCE’ — 2028 outlook for America
Zohran Mamdani Appointed as NYC Mayor On July 1st, Zohran Mamdani officially became the Democratic mayor of New York City. At just 33, Mamdani identifies as a democratic socialist and has the backing of notable political figures like Representative Alexandria Ocasio-Cortez and Senator Bernie Sanders. Known for his support of Palestinian-led movements, he proposes policies […]
Bitcoin, XRP, DOGE, ETH Price Outlook: Traders Anticipate $130K BTC Amid Expected Altcoin Surge
Bitcoin Rally Sparks Broader Crypto Movement This week’s surge in Bitcoin has triggered a broader rally among major cryptocurrency assets, pushing prices towards $120,000. Altcoins like Ethereum, Solana, XRP, and Dogecoin have all enjoyed substantial gains, albeit in single-digit percentages. Traders suggest that this isn’t just a byproduct of market enthusiasm; the dynamics of the […]
Gold Price Outlook: XAU/USD is approaching trendline resistance at $3,325
Weakness of the USD puts gold removal loss to the test of trendline resistance at $3,325. Optimism around a potential Fed rate cut has diminished the attractiveness of the US dollar. XAU/USD shows a general bearish trend, dropping below $3,325 and $3,345. Gold (XAU/USD) saw some interest just under the $3,300 mark on Wednesday, recovering […]
GBP/JPY Price Outlook: Appears ready to challenge this year’s highest point, close to 200.00 level
GBP/JPY seems ready to pick up momentum on Thursday, which could be a good thing. The ascending channel formation suggests a strong short-term uptrend. A decisive break below the 196.00 level is necessary for a significant decline. During Thursday’s Asian session, the GBP/JPY cross is likely to attract some dip buyers around the 198.40-198.35 range […]
USD/CAD Price Outlook: Remains challenged close to 20-day EMA
USD/CAD is holding steady around 1.3700 as traders await updates regarding US trade discussions. FOMC minutes indicate that most members are not in favor of any short-term interest rate cuts. Canadian employment data for June is expected on Friday. The USD/CAD pair is trading within a narrow band near 1.3700 during Thursday’s Asian session. The […]
Gold Price Outlook: XAU/USD drops under $3,300 as investors process US tariff concerns
Gold prices dip below $3,300 as investors react to global trade uncertainties. Trump is set to announce new tariffs affecting over seven nations. Investors are eager for the forthcoming release of the FOMC minutes. Gold prices (XAU/USD) are expected to fall beneath the $3,300 support level on Wednesday. The pressure on precious metals is mounting […]