EUR/USD stays close to 1.1400, watching US-China trade discussions.
The EUR/USD remains steady as the US dollar gains strength due to robust employment data. US Treasury Secretary Scott Bescent is set to meet with Chinese officials on Monday. ECB policymaker Yannis Stournaras expressed concerns that uncertainty regarding potential US tariffs might hinder growth in the eurozone. The EUR/USD is expected to hold its ground […]
Australian Dollar stays robust after China’s economic report.
The Australian Dollar Steady After China’s Economic Data Released The Australian dollar maintains its position after mixed economic data from China posted on Monday. China’s consumer price index saw a 0.1% decline in May, which was slightly better than the predicted 0.2% drop. US Treasury Secretary Scott Bescent is set to meet with Chinese officials […]
Ukrainian drone attack reveals the future of combat while the US stays ill-equipped.
Drone Warfare Lessons from Ukraine The recent drone strike by Ukraine on Russia has significant implications for the future of warfare. It highlighted how cost-effective and scalable advanced military operations can be. The technology we see in these drones is not going anywhere. Leaders need to take notes—what’s happening in the Ukrainian-Russian conflict could guide […]
Australian Dollar stays weaker as US Dollar rises before Nonfarm Payrolls
The Australian Dollar May Experience Changes Ahead of US NFP Reports Negotiations on tariffs continue following productive discussions between President Trump and Chinese President Xi Jinping. The US non-farm payroll may have increased by 130,000 jobs in May, with the unemployment rate expected to hold steady at 4.2%. The Australian Dollar (AUD) is set to […]
Silver Price Outlook: XAG/USD stays above $36.00 near multi-year peaks
Silver prices have approached their highest levels since February 2012. Weak economic indicators may boost safe haven demand, increasing the likelihood of a Federal Reserve rate cut. In May, the US added 130,000 jobs, but the unemployment rate is projected to remain steady at 4.2%. Silver prices (XAG/USD) are maintaining strength for the second consecutive […]
Silver Price Outlook: XAG/USD stays optimistic, holding above $34.00
Silver prices are bolstered by a weak US dollar, maintaining a positive outlook. Soft U.S. service and employment statistics heightened safe haven appeal on Wednesday. The XAG/USD pair is trading within a small ascending triangle, indicating bullish sentiment. Silver Price (XAG/USD) is holding onto its bullish trend, with expectations that it might reach resistance levels […]
GBP/USD stays under 1.3550 as US Dollar gains strength, indicating a technical adjustment
GBP/USD could regain ground as the US dollar might face downward pressure due to economic uncertainty in the United States. Softening US economic indicators have raised the possibility of the Federal Reserve implementing two interest rate cuts in 2025. Trump has provided British exporters with temporary relief from a sudden 50% tariff on steel and […]
US Dollar Index Price Outlook: Stays under 99.00 as negative trend continues
The US dollar might drop to approximately 97.91, which would be its lowest point since March 2022. The RSI is currently below 50, indicating a strong bearish trend. The DXY is likely to encounter significant resistance at the 9-day EMA around 99.21. The US Dollar Index (DXY), which tracks the value of the US dollar […]
EUR/USD stays below 1.1400 as inflation in the Eurozone drops under the ECB’s 2% goal
EUR/USD holds steady as the US dollar weakens amid economic uncertainties in the US. Job openings reported by Jolts reached 7.39 million in April, notably higher than the anticipated 7.1 million. The eurozone’s harmonized consumer price index decreased year-on-year by 1.9% in May, falling short of the ECB’s target of 2%. EUR/USD has seen minimal […]
Dollar stays close to six-week low as trade conflict impacts US economy
Market Update: Dollar Nears Six-Week Low TOKYO/LONDON – The dollar hovered near a six-week low on Tuesday, reflecting the growing economic concerns stemming from the trade war emphasized by President Trump’s administration. Despite a significant recovery in global stock markets following the persistent narrative surrounding Trump’s tariff threats, the dollar struggled to maintain its footing. […]