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Gold price remains on the defensive near $3,235 in Friday’s early Asian session. De-escalation in the global trade conflict continues to undermine the Gold price. Traders brace for the US April employment report, which is due later on Friday. The Gold price (XAU/USD) edges lower to a two-week low near $3,235 during the early Asian session on Friday. The easing of trade tensions between the US and its trading partners has dented the safe-haven demand, weighing on the precious metal. US President Donald Trump announced potential trade deals with India, South Korea, and Japan, seeking to convert his tariff policy into trade agreements. Furthermore,…

USD/CAD rises marginally while the USD Index gains almost 0.5%, above 100.00.The US Dollar surges despite the US ISM Manufacturing PMI contracting at a faster pace in April.The BoC believes that the impact of previous interest rate cuts has not yet been transmitted into the economy.The USD/CAD pair edges higher to near 1.3820 during North American trading hours on Thursday. The Loonie pair moves slightly higher despite the US Dollar (USD) having attracted significant bids after the release of the United States (US) ISM Manufacturing Purchasing Managers’ Index (PMI) data.The US Dollar Index (DXY) is up almost 0.5% above 100.00…

USD/JPY posts a fresh almost three-week high around 145.00 as the Japanese Yen underperforms.The BoJ left interest rates steady at 0.5% and indicated a delay in plans of hiking interest rates further.The US Dollar surrenders some of its initial gains ahead of US Manufacturing PMI data.The USD/JPY pair surges almost 0.8% to near 144.80 during European trading hours on Thursday. The pair strengthens as the Japanese Yen (JPY) underperforms across the board, with the Bank of Japan (BoJ) indicating delay in plans of more interest rate hikes. Japanese Yen PRICE Today The table below shows the percentage change of Japanese…

The USD/CAD forecast indicates a declining US economy. Private employment in the US was lower than expected in March. The US GDP report revealed that the economy contracted by 0.3%.  The USD/CAD forecast indicates a declining US economy, putting pressure on the Federal Reserve to lower interest rates in June. At the same time, Canada’s economy unexpectedly contracted, increasing the chances that the BoC will resume its easing cycle. If you are interested in automated forex trading, check our detailed guide- Data on Wednesday revealed that private employment in the US was lower than expected. The economy added 62,000 jobs…

Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall. US equities have now nearly retraced 90% of their drop in the aftermath of ‘Liberation Day’, with Meta and MSFT delivering decent 1Q results overnight. Amazon and Apple report today. Helping some of the recent improvement in mood has been news from the Chinese state broadcaster that the US has reached out for trade talks. And a report late yesterday that EU trade negotiators have offerings to bring to the table next week has…

EUR/JPY advances as the Japanese Yen weakens as the BoJ left its key interest rate unchanged at 0.5% on Thursday.The BoJ also lowered its median core CPI forecast for fiscal 2026 to 1.7%, down from 2.0% in January.Markets have largely priced in a 25 basis point rate cut by the European Central Bank (ECB) at its June meeting.EUR/JPY halts its three-day losing streak, rebounding to around 162.50 during Asian trading hours on Thursday. The recovery in the currency cross comes as the Japanese Yen (JPY) weakens across the board, following the Bank of Japan’s (BoJ) widely expected decision to maintain…

The Bank of Japan is expected to hold interest rates at 0.50% in its May meeting.The uncertainty related to the United States-inspired trade war will be at the centre of the decision.The Japanese Yen could ease further with the BoJ’s anticipated decision. The Bank of Japan (BoJ) will announce its decision on monetary policy after a two-day meeting on Thursday, and market participants widely anticipate policymakers will keep the benchmark interest rate on hold at 0.50%. The focus will then shift to any signs of future monetary policy actions in the foreseeable future, alongside fresh economic projections, with the Japanese…

EUR/USD trades near the 1.1350 zone, dipping slightly during Wednesday’s session after earlier gains.The broader bullish bias remains intact, supported by strong positioning of short- and long-term moving averages.Key support lies at 1.1265 and 1.1212, while resistance levels appear around 1.1354 and 1.1390.After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages. Technical indicators such as the Relative Strength Index (RSI), the Moving Average Convergence Divergence (MACD), and the Commodity Channel…

Adding to the optimism, US Treasury Secretary Scott Bessent hinted that India could become the first country to sign a trade deal with the US The rupee closed at its highest level in about five months on Wednesday, buoyed by a weak Dollar, easing crude oil prices and foreign investor inflows into the domestic equity markets. This came even as tensions continued on the border between India and Pakistan, with the latter violating ceasefire along the line of control, and US continuing to stand its ground on tariffs. The rupee, which opened stronger at 85.15, closed 76 paise stronger on…

Gold price retraces losses on Wednesday after US GDP turns negative. Traders sent Gold initially lower after President Trump signed an order to ease tariffs on car parts. Both daily resistances and supports for Gold are narrowing, signaling the increasing chances of a breakout, from a technical point of view. Gold price (XAU/USD) is recovering from incurred losses and trades around $3,288 on Wednesday after the US Gross Domestic Product and Personal Consumption Expenditures (PCE).  Bullion is facing a second day of some profit taking after United States (US) President Donald Trump signed an executive order to ease tariffs on car…