The EURUSD exchange rate will look to data on Monday to test the continued uptrend, while the tariff deadline looms. EURUSD – Daily Chart The EURUSD has a risk of correction with data after the stretch above the recent resistance. A test of 1.5171 could still find buyers to keep the uptrend in play if data supports….
Gold prices are also worth watching as the tariff deadline looms this week. XAUUSD – Daily Chart Gold is currently testing the lower bound of the recent uptrend after a pullback from the resistance at $3,430. A break lower could be significant, but a move above the highs would spark another leg of the rally….
Gold prices fell 0.80% Thursday to $3,332, down from a high of $3,365. This drop was due to a strong US Nonfarm Payrolls report, which boosted the US Dollar and reduced expectations of a Fed rate cut in July. June’s US employment report surpassed estimates and May’s figures, with the Unemployment Rate nearing 4%, showing…
Gold prices fell 0.80% Thursday to $3,332, down from a high of $3,365. This drop was due to a strong US Nonfarm Payrolls report, which boosted the US Dollar and reduced expectations of a Fed rate cut in July. June’s US employment report surpassed estimates and May’s figures, with the Unemployment Rate nearing 4%, showing…
Bernard Arnault’s LVMH (FRA40:LVMH) jumped on Wednesday as the stock looks to arrest a sharp decline this year. MC – Weekly Chart The price of MC is setting up for a strong week and could look to take back the key level of 536 that was support for the final leg of gains into 2023 and 2024. The rise…
Shares in Tesla (NAS100:TSLA) are lower after Elon Musk had another public argument with President Trump, while sales in Europe are slowing sharply. TSLA – Daily Chart TSLA shares have dropped to test the $300 level with an April resistance level adding further support near $292. This is an important test for the stock or a further downtrend…
ATFX has released the Q3 2025 edition of Trader Magazine, offering a timely and in-depth look at the financial landscape during what is expected to be one of the most turbulent quarters of the year. With renewed US tariff tensions resurfacing, diverging central bank strategies taking shape, and volatility intensifying across commodities and currencies, this latest…
Gold prices rose in Asian trade Tuesday due to safe-haven demand ahead of Trump’s July 9 tariff deadline and a weaker dollar. Spot Gold climbed 0.8% to $3,328.71/oz, and Gold Futures for August jumped 1% to $3,339.70/oz. Bullion had risen 1.5% Monday, recovering losses from last week’s Israel-Iran ceasefire. Approaching Tariff Deadline Shifts Investors To…
The EURUSD exchange rate surged above 1.17 last week and could be set for further gains. EURUSD – Weekly Chart The EURUSD saw a strong close in the weekly chart last week and that could see the bullish trend continue this week with support nearer 1.15. Data on Tuesday will be the HCOB manufacturing PMI…
Alibaba has announced a reshuffle for its e-commerce division food delivery. BABA – Weekly Chart The price of BABA is showing some weakness near the $117.91 level and there is a risk of further lows. A move above that resistance can see the rally continue. Alibaba Group (NAS100:BABA) has an ambitious plan to restructure its…
