The British pound extended its losses on Tuesday, falling to its weakest level since April as a stronger US dollar and deepening concerns over the UK’s fiscal outlook rattled investors ahead of a key Bank of England (BoE) decision. With the currency slipping nearly 0.7% in a single day, markets …
Read More »Gold Retreats as Dollar Strength and Fed Uncertainty Cloud Outlook
Gold prices slipped below the psychologically significant $4,000 threshold on Tuesday, sliding toward $3,950 per ounce amid renewed pressure from a strengthening U.S. dollar and cautious signals from the Federal Reserve. The retreat followed a brief attempt to reclaim higher ground earlier in the day, underscoring a period of consolidation …
Read More »Dollar demand hits highest since mid-2024 as asset managers buy EM-linked greenback; euro supply builds
The U.S. dollar drew its strongest investor demand since June 2024 over the past month, Bank of America said, as large asset managers ramped up purchases—particularly against emerging-market currencies—and helped tip the flow picture decisively in the greenback’s favor. BofA’s client flow data show asset managers posted their largest dollar …
Read More »Gold slips as firm dollar, Fed ambiguity cap bids; struggles to hold $4,000
Gold edged lower in Asian trading on Tuesday, weighed by a stronger U.S. dollar and lingering uncertainty over the Federal Reserve’s near-term policy path after Chair Jerome Powell’s hawkish remarks last week. Spot prices fell 0.4% to $3,986.10/oz by 01:58 ET (06:58 GMT), while U.S. gold futures declined 0.5% to …
Read More »Dow Jones Comes Under Selling Pressure 4/11/2025
The index faded in the prior session after failing to confirm a breakout above 47,820, shifting the near-term bias to the downside. Technical outlook 50-SMA (4H): Has rolled over above price and now acts as dynamic resistance. RSI: Turning lower with negative signals, though attempting to unwind oversold readings. Base …
Read More »CAD Breaks the Descending Trendline 4/11/2025
The bullish setup remains intact: price has held above the 1.4000 psychological floor, hit our first target at 1.4040, and printed a 1.4076 high. Technical outlook Structure: A break above the descending trendline is holding. SMAs: Simple moving averages have rotated beneath price, providing support. RSI: Easing from overbought without …
Read More »Sterling Slides Gradually Against the Dollar 4/11/2025
Sterling continues to grind lower in line with our bearish view, edging toward the 1.3100 target (last at 1.3108). Technical outlook Momentum: RSI has exited oversold but remains negative, consistent with bearish control. Trend/SMAs: Price holds below the simple moving averages, which continue to act as dynamic resistance. Structure: Ongoing …
Read More »Oil Holds Steady Above the Moving Average 4/11/2025
Price action has been mixed with a slight dip, but the corrective uptrend remains intact. Technical outlook SMAs: Still trending beneath price, supporting momentum. RSI: Attempting to turn higher, consistent with scope for another push up. Base case (bullish while above $60.45) Holding $60.45 keeps the upside favored. A decisive …
Read More »Gold Keeps the Corrective Downtrend on Track 4/11/2025
Selling pressure persists within the ongoing corrective downswing, with price printing a $3,962 low in the prior session. Technical outlook Trend/SMAs: 4H simple moving averages slope lower and sit above price as dynamic resistance, capping rebounds. Structure: A prior rising trendline break keeps bears in control. Momentum (RSI): Continues to …
Read More »Dollar Strength Weighs on the Euro 4/11/2025
The pair hit our first target at 1.1500, printing a 1.1481 low. Technical outlook Trend/SMAs: Price remains capped beneath the simple moving averages and continues to respect a descending trendline, preserving the bearish bias. Momentum (RSI): RSI has exited oversold without a convincing rebound—consistent with persistent selling pressure. Base case …
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