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Forex
WTI slumps to near $65.00 as OPEC+ hikes August output larger than expected
The WTI price faces some selling pressure to near $65.00 in Monday’s Asian session. OPEC+ members agreed to increase oil production by 548,000 barrels a day in…
NZD/USD extends downside below 0.6050 as traders await details of tariff deals
NZD/USD loses momentum to near 0.6035 in Monday’s Asian session. Trump said tariff letters to 12-15 countries were signed and are going out Monday. The New…
US President Trump warns of an additional 10% tariff on nations aligned with BRICS
US President Donald Trump said in his social media tweet early Monday, “I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with…
US Dollar Index inches higher above 97.00 as Trump warns extra 10% tariff on BRICS ally
US Dollar Index gains ground as Trump said that he will charge additional 10% tariff on BRICS nations.US Commerce Secretary Howard Lutnick confirmed that the…
USD/CAD sticks to modest gains above 1.3900 amid sliding Oil prices, USD uptick
USD/CAD attracts some buyers amid a combination of factors, though it lacks bullish conviction.Sliding Crude Oil prices undermine the Loonie and support the…
Silver Price Forecast: XAG/USD holds losses below $37.00 despite renewed safe-haven demand
Silver price may regain its ground amid renewed risk aversion following the Trump’s recent comments.President Trump warned that he will charge extra 10% tariff…
USD/CHF advances beyond 0.7970 with US tariffs boosting risk aversion
The US Dollar regains its safe-haven status and rallies across the board on risk aversion.Uncertainty about US trade tariffs and their deadline keeps investors…
EUR/USD Price Forecast: Bullish outlook remains in play above 1.1750
EUR/USD softens to near 1.1765 in Monday’s early European session. The positive view of the pair prevails above the key 100-day EMA with the bullish RSI…
Japanese Yen remains heavily offered against a broadly stronger USD
The Japanese Yen drifts lower in reaction to weaker domestic wage growth data.
Geopolitical risks and divergent BoJ-Fed expectations should limit JPY…
EUR/JPY Price Forecast: Retains bullish bias near 170.50, overbought RSI warrants caution for bulls
EUR/JPY strengthens to around 170.45 in Monday’s early Asian session, adding 0.17% on the day. The positive bias of the cross prevails above the 100-day EMA,…