Euro Jumps as Trump Holds Off on Tariffs Introduction The Euro (EUR) surged overnight following news that President Trump is not currently considering imposing new tariffs. Scotiabank’s Chief FX Strategist Shaun Osborne highlighted this development, causing a positive reaction in the currency markets. Euro Strengthens The Euro has been on the rise against the US…
The Impact of Soft Inflation Data on USD/CAD Pair The USD/CAD pair witnessed buying interest near 1.4430 in Tuesday’s North American session as Statistics Canada reported soft inflation data for December. The agency showed that the headline inflation rose at a slower pace of 1.8%, compared to estimates and the former release of 1.9% on…
Understanding SPX Support Levels What is SPX Support? Support levels are key points on a stock chart where the stock tends to stop falling and bounce back up. In the case of the S&P 500 index (SPX), support levels are levels where investors believe the price will hold and prevent the index from falling further….
The Strength of the US Dollar What’s Driving the Rally The US dollar has once again shown its resilience in the early hours of Tuesday, as American traders return to the market with renewed vigor. This latest rally comes on the heels of a period of uncertainty and volatility, as global markets grapple with various…
Gold Breaks Above $2,726 Resistance as Dollar Slides Safe-Haven Demand Surges Amid Trade Uncertainty Gold prices have surged above the $2,726 resistance level as the US dollar continues to weaken amidst trade uncertainty. Investors are turning to gold as a safe-haven asset in times of economic instability, pushing prices higher and higher. This rally in…
The Japanese Yen Forecast and Interest Rate Differentials The Current State of Japan’s Interest Rate Differentials The narrowing interest rate differentials between Japan and the rest of the world has been a hot topic in recent weeks. Many analysts have been closely monitoring the situation, as it has had a significant impact on the forecast…
Economic Turmoil: Understanding the Impact of Tariff Decisions on EURUSD A Rollercoaster of Emotions On Tuesday morning, the EURUSD took a dramatic turn, erasing nearly half of its gains from the previous day. This sudden shift in the currency market was sparked by President Trump’s unexpected decision to hold off on imposing tariffs, a move…
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…
