Silver Prices Surge Above Moving Averages The Impact of Dollar Weakness Recent fluctuations in the global market have caused silver prices to rise above moving averages, sparking interest among traders and investors alike. The weakening of the US dollar has played a significant role in this surge, as the precious metal is typically seen as…
The EUR/CAD pair: Analysis and Outlook Intraday Volatility The EUR/CAD pair experienced significant intraday volatility during Tuesday’s European session, ultimately giving up most of its gains after failing to break above the key resistance level of 1.5050. This reversal follows a four-day upward trend, signaling a possible shift in market sentiment. Economic Implications Despite this…
Breaking News: Gold Breaks Above $2,726 Resistance! Safe-Haven Demand Surges Amid Trade Uncertainty Wow, can you believe it? Gold has broken above the $2,726 resistance level as the dollar continues to slide. This surge in safe-haven demand comes amidst all the uncertainty in the world of trade. It’s like gold is saying, “Hey, I’ve got…
The Global Markets React to Trump’s Inauguration Speech A Moment of Relief The global markets experienced a moment of “joy and reprieve” during Monday’s US session when President Trump’s inauguration speech took on a milder tone regarding trade tariffs. In his address, he refrained from mentioning specific amounts of tariffs and instead announced plans to…
Breaking Down the USDCAD Chart: What Does it Mean for Traders? The Story Behind the Numbers If you’ve been keeping an eye on the USDCAD chart, you may have noticed a flat pattern forming on the H4 time frame. This pattern is characterized by a false breakdown of the upper boundary, followed by a return…
Gold’s Price Rallies Amid Tariff News US Tariffs on Canada, Mexico, Silver, and Gold Gold’s price (XAU/USD) has been on the rise for a second straight day this week following the news that US President Donald Trump plans to impose 25% tariffs on Canada and Mexico as early as February. In addition to these tariffs,…
Silver Price Drops Slightly in Tuesday’s European Session Market Analysis The silver price (XAG/USD) dropped slightly to near $30.50 in Tuesday’s European session. The white metal is facing pressures as the US Dollar (USD) rebounds strongly after President Donald Trump confirmed that the plan of tariff hikes on foreign countries is delayed not denied. Factors…
The EUR/CAD Pair’s Intriguing Movement What Happened in Tuesday’s European Session? The EUR/CAD pair saw a significant shift in its movement during Tuesday’s European session as it failed to push above the key resistance level of 1.5050. This resulted in the pair surrendering a majority of its intraday gains, marking a halt to its four-day…
