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The US Dollar Index may retest the upper boundary of its ascending channel near 100.80.A decisive break above the 50 mark would be required to confirm a shift toward bullish momentum.The DXY may target immediate support at the nine-day EMA of 100.10.The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.60 during the Asian hours on Monday.On the daily chart, technical analysis suggested a sustained bullish bias, with the index trading within an ascending channel. Additionally, the DXY…

US President Donald Trump announced Sunday that he will sign an executive order that would cut prescription drug and pharmaceutical prices “almost immediately, by 30% to 80%.”“I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%,” Trump wrote in a Truth Social. “I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”Market reactionAt the time of press, the US Dollar Index (DXY)…

The dollar index has been moving up gradually over the last three weeks. The index fell initially last week but then managed to recover well in the second half of the week. The US Federal Reserve meeting outcome largely turned out to be a non-event for the currency market. The Fed left the rates unchanged at 4.25-4.5 per cent. The central bank also insisted that it will not be in a rush to cut interest rates without evaluating the impact of tariffs. The US 10Yr Treasury Yield has risen back well after the Fed meeting outcome.The US Consumer Price Index…

AUD/NZD trades near the 1.0800 zone after modest gains in Friday’s session.Short-term indicators favor buyers, despite mixed longer-term signals.Key support levels hold below, while resistance aligns near recent highs.The AUD/NZD pair edged higher on Friday, trading near the 1.0800 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of the day’s range, suggesting that buyers maintain control despite some longer-term resistance levels. The immediate outlook is supported by rising short-term averages, though broader challenges remain.From a technical perspective, the pair is flashing a bullish overall…

USD/JPY trades near 145.00 after failing to hold gains above 146.20, pressured by a softer US Dollar and mixed US data.Japan’s March Overall Household Spending rose 2.10% y/y, beating expectations, while US stagflation risks linger as Fed officials warn of persistent inflation.Key technical levels include support at 144.82, 144.79, and 144.49, with resistance at 146.16, 146.31, and 148.30.USD/JPY pair has pulled back toward 145.00 after failing to extend gains above a near one-month high of 146.20 earlier in the day. The retreat reflects a broader softening in the US Dollar, which reversed sharply as investors reassessed the US-UK trade deal…

EUR/JPY trades around the 164.00 zone after a modest pullback in Friday’s session.Broader bias remains bullish, with supportive trend indicators offsetting mixed momentum signals.Key support levels sit just below, while resistance aligns near recent highs.The EUR/JPY pair eased slightly on Friday, trading near the 164.00 zone after the European session, reflecting a modest pullback from recent gains. Despite the minor dip, the broader outlook remains positive, supported by a cluster of rising moving averages that continue to provide a strong technical base. Short-term momentum is mixed, but the overall structure remains clearly bullish.Technically, the pair is flashing a bullish overall…

US President Donald Trump commented on Friday that he will maintain 10% universal tariffs on imports, even after trade agreements are reached with other countries. He added that there would be exemptions if their counterparts offered advantageous trading terms.Trump said to expect new trade deals in the coming weeks, but “we always have a baseline of 10%.” US-China Trade War FAQs Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and…

The US Dollar holds steady as global trade negotiations remain in focus.The PBoC continues Gold purchases, signaling long-term interest.Chinese Copper production expands, reducing reliance on imports.The Australian Dollar (AUD) remains under pressure as global trade uncertainties persist, particularly surrounding the US-China trade talks. While there has been a slight rebound in copper production from China, trade deals and economic policies continue to impact sentiment in the market, with limited positive moves for the Aussie.Daily digest market movers: Aussie steady ahead of trade talksThe US Dollar (USD) holds steady as the market reacts to trade deal uncertainties and key upcoming data.Copper…

White House Press Secretary Karoline Leavitt addressed media staff on Friday, walking back some of the tone and market interpretations of President Donald Trump’s early morning tweets.Key highlightsTrump confident in US Treasury Secretary Bessent with discussions (with China).The US needs to see concessions from China.Trump committed to the 10% baseline tariff.The 10% baseline tariff will remain for the UK.It is ridiculous that Trump would do anything for his own gain.The White House will let Congress work out SALT tax issue.On possible 80% tariff concession: That’s not what Trump said.Trump will not unilaterally bring down tariffs on China. 80% was a…

The Dow Jones shed around 150 points on Friday, falling back to 41,225.Investors are bracing for geopolitical tensions as the US and China head for initial trade talks.Even a social media post from President Trump pondering 80% tariffs could bolster market sentiment.The Dow Jones Industrial Average (DJIA) followed the broader market lower on Friday, falling below 41,250 as investors gear up for a tense weekend. The United States (US) and China are headed for opening trade talks in Switzerland this weekend, but policymakers from both administrations have cautioned that talks will be strictly preliminary. Chinese delegates have specifically warned that…