Gold’s price rallies for a second straight day US President Trump announces tariffs on Canada, Mexico, Silver, and Gold What does this mean for investors? Gold’s price (XAU/USD) has soared for the second consecutive day this week, following US President Donald Trump’s announcement of imposing 25% tariffs on Canada and Mexico as early as February….
USDINR Update What’s happening with USDINR? Over the past 24 hours, the USDINR has seen a slight increase in value. However, with the recent policy announcements made by President Trump, it is expected that there will be some turbulence in the currency market in the days to come. Trump’s Impact on USDINR President Trump’s policy…
Silver price sees slight drop as US Dollar strengthens XAG/USD falls to near $30.50 in European session Pressures mount as tariff hike delay boosts USD On Tuesday, the silver price (XAG/USD) experienced a slight drop to nearly $30.50 in the European trading session. The white metal faced pressures as the US Dollar (USD) rebounded strongly…
Trump’s Inauguration Speech: A Look Into America’s Future The “Golden Age” of America During his inauguration speech, President Trump emphasized the return of America’s “golden age.” This era, according to Trump, would be characterized by strict borders, trade wars, and oil oversupply. While these statements have sparked controversy and debate, one topic noticeably absent from…
Further US Dollar Weakness: Is it a Possibility? Likelihood of USD Decline Prossionally speaking, further weakness in the US Dollar (USD) is not ruled out in the current market conditions. The major support level at 7.2420 may be out of reach at the moment, according to FX analysts Quek Ser Leang and Lee Sue Ann…
US Dollar (USD) Outlook Technical Analysis According to UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann, the US Dollar (USD) could potentially break the key support level at 154.90. If this support is breached, the next major support level at 154.40 is likely out of reach for now. This suggests that in…
The Ups and Downs of EUR/USD: A Market Overview Tuesday’s Correction EUR/USD corrected lower to near 1.0350 in Tuesday’s European session after surging to 1.0430 on Monday. The major currency pair faces pressure on Tuesday as the US Dollar (USD) pares some of Monday’s losses. Market Volatility The foreign exchange market is known for its…
Momentum Building for the New Zealand Dollar (NZD) Breaking Above 0.5700, But Can it Hold? It seems that the New Zealand Dollar (NZD) is gaining some serious momentum in the forex market. According to UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann, there is a possibility that the NZD could break above…
