USD Weakness and Its Impact on the Market Feeling the Pinch Further US Dollar (USD) weakness is not ruled out; the major support at 7.2420 is likely out of reach for now. In the longer run, decline in USD seems excessive, but there is potential for a test of 7.2420, UOB Group’s FX analysts Quek…
Charmingly Eccentric: Exploring the USDCAD Chart on H4 A False Breakdown and Volatility on the Horizon As we delve into the intricacies of the USDCAD chart on the H4 timeframe, we are met with a captivating sight. A flat pattern with a false breakdown of the upper boundary has caught the attention of traders worldwide….
USD Could Break 154.90: What It Means for You and the World USD Weakness Continues The US Dollar (USD) is currently hovering near the key level of 154.90, with the next major support at 154.40 seemingly out of reach for now. According to UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann, USD…
Feeling the Forex Ups and Downs: Why EUR/USD Correcting Lower Matters Let’s Talk Currency Pairs So, you invested in EUR/USD, hoping for some gains. You wake up one morning to see that the pair surged to 1.0430 on Monday, only to correct lower to near 1.0350 the next day. What gives? The world of forex…
The Potential Rise of the New Zealand Dollar (NZD) Robust Momentum Predicted by Analysts According to FX analysts Quek Ser Leang and Lee Sue Ann from UOB Group, there is a strong possibility that the New Zealand Dollar (NZD) could break above the key level of 0.5700. However, they express caution in suggesting that it…
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…
