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Gold Price Forecast: XAU/USD climbs above $3,350 as Trump rekindles trade tensions
The Gold price (XAU/USD) extends its upside to around $3,365 during the early Asian session on Monday. The precious metal edges higher as traders rushed toward the traditional safe-haven assets after US President Donald Trump widened the global trade war with a fresh wave of tariffs.
AUD/USD loses momentum to near 0.6550 ahead of Chinese Trade Balance data
The AUD/USD pair extends the decline to around 0.6565 during the early Asian session on Monday. The Australian Dollar (AUD) weakens against the Greenback after US President Donald Trump steps up fresh tariff threats.
EU extends pause on tariff retaliation day to allow more talks
European Commission President Ursula von der Leyen said on Sunday that the European Union (EU) will extend its suspension of trade countermeasures against new US tariffs until August 1, as it continues its efforts to resolve the trade dispute with the US through dialogue.
US President Donald Trump hits EU and Mexico with a 30% tariff, starting on August 1 - Bloomberg
US President Donald Trump said Saturday that the United States will impose a 30% tariff on goods from the European Union (EU) and Mexico that will take effect on August 1, per Bloomberg.
EUR/USD slides below 1.1700 as tariff fears lift Dollar to 2-week high
EUR/USD finished the week with losses of over 0.70% and ended Friday's session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.
Copper prices steady as refining constraints and tariff fears persist
Copper futures are trading near $5.50 per pound on Friday, slipping from Tuesday's high of $5.70 on the daily timeframe.
USD/CHF Price Forecast: Holds firm below 0.8000 on US Dollar demand
The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.
FHFA Director suggests that Fed Chair Powell may be considering resigning
Bill Pulte, the Trump-selected Director of the Federal Housing Finance Agency and former chairman of Fannie May and Freddie Mac, nodded to entirely-uncomfirmed reports that Federal Reserve (Fed) Chair Jerome Powell may be considering resigning from his post as the head of the Fed.
Fed's Goolsbee warns that new tariff threats could hamper rate cut hopes
In an interview with the Wall Street Journal, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee warned that ongoing trade policy at the hands of Trump's constant tariff threats could hamper the ability of the Fed to deliver interest rate cuts that both the broader market and Donald Tru
Canadian Dollar tests low side despite upswing in Canadian labor data
The Canadian Dollar (CAD) tested lower ground against the US Dollar (USD) on Friday, shedding weight despite Canadian labor data figures outperforming median market forecasts by a sizeable margin, kicking back economic downturn concerns and forcing rate watchers to trim their bets of another Bank of
AUD/USD stalls at key 0.6600 resistance amid mixed market catalysts
The battle between the Australian Dollar (AUD) and the US Dollar (USD) persists on Friday, with bulls in the AUD/USD pair continuing to push for a break through the next major resistance level at 0.6600.
Gold price surges past $3,350 as Trump tariff threats jolt markets
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.
Dow Jones Industrial Average backslides as trade war rhetoric accelerates again
The Dow Jones Industrial Average (DJIA) snapped a two-day recovery on Friday, testing below the 44,400 level once again as equities grapple with a new reality where trade tariffs exist in a quantum state, prone to popping in and out of existence at a moment's notice.
EUR/CHF Price Forecast: Bearish momentum grows within consolidation range
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.
WTI stabilizes above $67 as EIA cuts US output forecast, geopolitical risks persist
West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders digest a shift in the fundamental landscape.
GBP/JPY Price Forecast: Sterling set for weekly gains amid broad Yen weakness
The British Pound (GBP) trades modestly stronger against the Japanese Yen (JPY) on Friday, as the Yen remains broadly pressured amid a fresh wave of trade-related uncertainty.
EUR/GBP climbs as weak UK data fuels BoE rate cut speculation
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.
GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD
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.
EUR/JPY extends gains as Yen Softens, momentum indicators remains bullish
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.
USD/JPY climbs on yield gap, tariff threats from Trump
The US Dollar (USD) is trading confidently against the Japanese Yen (JPY) on Friday, as yield differentials and tariff risks continue to weigh on the safe-haven Yen.
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