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Gold rebounds sharply from $3,322 as risk sentiment boosts safe-haven demand.Trump hits Canada with 35% tariffs, mulls 15–20% duties on others.Traders brace for US CPI and key Fedspeak ahead of July 19 blackout.Gold price rallies nearly 1% on Friday as the market mood shifts sour on controversial trade policies imposed by US President Donald Trump on Canada and threatening to broaden duties to other countries and Copper. At the time of writing, the XAU/USD trades at $3,354 after bouncing off daily lows of $3,322.On Thursday, Trump unveiled 35% tariffs on Canadian goods, though he maintains exemptions for products that adhere…
The EUR/CHF cross is trading near the lower boundary of its multi-week range between 0.9300 and 0.9430.Bears remain in control as price action leans toward the lower Bollinger Band.The RSI is hovering below the neutral mark at 41.83 indicates slight bearish momentum with potential for more decline.The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Thursday, trading near the lower boundary of its multi-week consolidation range between 0.9300 and 0.9430. At the time of writing, EUR/CHF is hovering around 0.9313, down slightly on the day and on track to post a weekly loss down slightly on the…
The US Dollar gains strength on Friday, lifted by US President Trump’s renewed tariff threats and fading expectations of near-term Fed interest rate cuts.Trump targets Canada with a 35% tariff, citing fentanyl concerns and trade imbalances.The DXY hovers below key resistance at 97.80–98.00, with price supported by the 9-day EMA at 97.50The US Dollar gains strength on Friday, supported by renewed tariff threats from US President Donald Trump, which have reignited global trade tensions and sparked a new wave of risk aversion. As tensions escalate, investors are becoming increasingly cautious, favoring the Greenback’s status as a safe haven. This shift…
EUR/GBP rises as UK economic data for May misses expectations.UK GDP, Industrial and Manufacturing data fall, raising expectations that the Bank of England may be forced to cut rates further.The EUR/GBP pair clings to gains as bullish momentum supports higher prices.The British Pound (GBP) is falling against the Euro (EUR) on Friday, following a series of economic data releases that pointed to a weakening UK economy.With Gross Domestic Product (GDP), Industrial and Manufacturing production figures missing expectations, a lift in EUR/GBP has pushed prices above the 0.8650 handle at the time of writing.The monthly GDP figures released on Friday revealed…
UK GDP shrinks for second straight month, boosting August BoE cut odds to 78%.Trump escalates trade war with 35% tariffs on Canadian goods, spooking markets.Rising rate cut bets and fiscal concerns pressure Sterling ahead of key UK data next week.The GBP/USD tumbles over 0.59% on worse than expected Gross Domestic Product (GDP) figures in the UK, which could warrant further easing by the Bank of England (BoE). This and an escalation of the trade war boosted the Greenback. At the time of writing, the pair trades at 1.3504 after reaching a high of 1.3584.GBP/USD sinks 0.59% as weak UK growth…
Gold price gains 1.20% as investors shy away from the US Dollar.Trade wars and tariffs weigh on market sentiment, driving demand for precious metals. XAU/USD rallies toward Fibonacci resistance above $3,370 with $3,400 in focus.Gold (XAU/USD) price surged on Friday, trading above $3,360 at the time of writing, as trade tensions and safe-haven demand have overshadowed rising US yields. US President Donald Trump announced on Friday a sweeping 35% tariff on Canadian imports, effective from August 1, in a move that rattled global markets. The decision is particularly significant given that the United States is Canada’s largest trading partner, accounting for 76%…
EUR/JPY extends gains on Friday, rebounding from a two-day losing streak.The cross is trading around 172.40, its highest level since July 17, 2024.The technical structure remains bullish, with the RSI at 72.85 signaling overbought conditions, but no signs of a reversal.The Euro (EUR) extends its advance against the Japanese Yen (JPY) on Friday, rebounding from a two-day losing streak as the Japanese currency remains broadly weaker against its major peers. The EUR/JPY cross has been trading on the front foot for the past seven weeks, underpinned by sustained policy divergence between the European Central Bank (ECB) and the Bank of…
Silver reaches new 2025 high as tariff tensions lift safe-haven demand.Bullish momentum remains strong as the white metal rises toward the $38.00 resistance.XAG/USD benefits from its dual role as a safe-haven and industrial metal.Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.The Silver price is trading above $37.60 at the time of writing, as bulls appear eager to test the next psychological resistance level of $38.00.As the white metal continues along its upward trajectory, US President Donald Trump’s tariff policies and a weaker US Dollar have proven…
The rupee depreciated 7 paise to close at 85.77 (provisional) against the US dollar on Friday, on weak domestic markets and risk-off sentiments amid trade tariff uncertainty.Forex traders said global market sentiments were dented as US President Donald Trump imposed 35 per cent tariffs on Canadian goods.At the interbank foreign exchange, the rupee opened at 85.76 against the US dollar, and touched an intra-day low of 85.91 during the day. The local unit finally settled for the day at 85.77 (provisional), down 7 paise from its previous close.On Thursday, the rupee pared initial gains and settled for the day higher…
The USD/CAD outlook suggests economic uncertainty in Canada. Trump announced a 35% tariff on imports from Canada, which weighed on the loonie. Market participants are awaiting Canada’s monthly employment report. The USD/CAD outlook suggests economic uncertainty in Canada following Trump’s announcement of a 35% tariff on goods from the country. As a result, the Canadian dollar collapsed against the US dollar. Meanwhile, market participants are awaiting crucial employment data from Canada. –Are you interested in learning more about Forex indicators? Check our detailed guide- Trump on Thursday intensified his tariff threats by announcing more tariffs on countries that had not…