Intraday Trading Strategy for EUR/USD January 24, 2025
Overview of EUR/USD Market EUR/USD is one of the most traded currency pairs in the world. It is highly liquid, with a narrow bid-ask spread, making it ideal for intraday…
Daily Forex Market Overview: January 23, 2025
Forex Market Overview Summary The Forex market Overview on January 23, 2025, exhibited heightened volatility and cautious sentiment, as traders navigated key economic data releases, geopolitical developments, and central bank…
Japanese Yen Stays Near One-Week Low Against USD as Market Awaits BoJ Meeting
The Japanese Yen sees a slight uptick following positive domestic data, but momentum remains limited. Worries over Trump’s tariff policies and a prevailing risk-on sentiment are weighing on gains for…
GBP/USD Drops Near 1.2300 as Traders Remain Cautious Ahead of Trump’s Economic Policies
The pound fell against the dollar following reports that President Trump will call on federal agencies to review tariff policy. Investors fear Trump’s policies could lead to a financial meltdown,…
USD/CAD Faces Downward Pressure Below Multi-Year Highs in the Mid-1.4400s
USD/CAD draws intraday selling pressure after reaching a fresh multi-year high, following a slight pullback in the USD. Oil prices stay below a multi-week peak, weighing on the Canadian dollar…
Silver Price Outlook: XAG/USD Holds Above $30.50 Supported by Robust Chinese Economic Data
Silver prices could see further gains on Friday, driven by strong economic data from China. China’s value-added production above this size increased by 6.2% in December compared to the same…
NZD/USD Stays Above 0.5600 Amid Growing Fed Rate Cut Speculation
The New Zealand dollar strengthened against the US dollar after December Consumer Price Index (CPI) data in the US raised expectations that the Fed could implement two interest rate cuts…
EUR/JPY Price Outlook: Pulls Back Toward 162.50, 14-Day EMA Provides Initial Support
The EUR/JPY pair could crash again considering that daily analysis shows a major downtrend. The bullish trend is strengthening as the 14-day RSI is still just above the 50 level.…
Gold Prices Edge Higher as US Bond Yields Fall
While US bond yields fell slightly, gold prices gained some strength. The Fed’s hawkish stance is good for the dollar and will keep precious metals prices under control. Risk appetite…
Silver Price Outlook: XAG/USD Drops Below $30.50 as US Fed Rate Cut Expectations Fade and US Dollar Strengthens
Silver prices fell to around $30.20 in European trading on Monday morning. The strong dollar and rising US yields are causing some selling pressure on the white metal. Safe haven…
