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Gold has fallen below the $ 3,400 level

Good Day... and a Wonderful Wednesday to you! Well, my beloved Cardinals woke up last night and discovered their bats! 10 to 4 they won the game with the Braves--- Now, if they can keep from getting shutout tonight that would be...

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CAD unruffled by overnight swings, holds range – Scotiabank

The Canadian Dollar (CAD) is little changed on the day as spot continues to...

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GBP jostled by sentiment, headline risks – Scotiabank

The Pound Sterling (GBP) weakens and enters Wednesday’s American session with a modest decline, trading in tandem with the Euro (EUR), around the Trump trade/Fed headlines, Scotiabank's Chief FX Strategist Shaun Osborne...

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Europe’s growth stalls again as the Euro enters correction mode

The Flash PMI estimates for the Eurozone show the complexity of the situation. Due to falling orders and falling business confidence, the composite index for the Eurozone was at 50.1 in April, struggling to cling to growth (above 50), down from 50.9 in...

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US: How much revenue can tariffs bring? – Standard Chartered

Tariff revenue won't compensate for the fiscal costs of TCJA extensions. Added tariff revenues will be below 1% of GDP – most likely 0.5-0.9% of GDP. Unfunded tax cuts could put further upward pressure on US rates, Standard Chartered's analysts...

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GBP/USD slips beneath 1.3300 as USD gains on Powell relief and trade optimism

The Pound Sterling depreciated against the Greenback on Wednesday yet slightly recovered after diving to four-day lows of 1.3230. Traders seemed relieved that US President Donald Trump, although angry with Fed Chair Powell, is not looking to sack...

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EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure

The EURUSD pair eased lower on Wednesday, retreating slightly toward the 1.1400 zone after a recent bullish...

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Stocks vault higher as Trump blinks first on China tariffs

The Trump administration admitted on Wednesday what Treasury Secretary Scott Bessent had alluded to on Tuesday β€” that it is considering unilaterally reducing tariff rates on China in the face of the heavy pressure it has caused on US businesses and the stock...

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US Treasury Secretary Bessent: No unilateral tariff cuts for China

On Wednesday, US Treasury Secretary Scott Bessent crossed the wires to discuss the β€˜trade war’ between China and his country. He commented that Trump has not offered to unilaterally lower tariffs on...

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EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals

The EURGBP pair eased slightly on Wednesday, slipping toward the lower end of its recent consolidation range after the European session. The pair was last seen hovering near the 0.8600 area, reflecting a mild pullback within a still-bullish technical...

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Trade GOLD smarter, not harder! 

πŸ“Š ForexVIM helps you maximize profits in gold trading on MT4.
🎯 WinRate: >50%
πŸ›‘οΈ Max Drawdown: <29%
πŸ“ˆ Average Yearly Profit: >146%
πŸ’° Minimal deposit: $10,000

πŸ’‘ Why ForexVIM?
- Unique Strategy: employs sophisticated algorithms and built-in indicators to scan the market and identify trends accurately.
- Optimized Data: High-quality tick data from DukasCopy since 2016.
- Security Features: Every trade has Stop Loss and Take Profit levels.
- Safe Practices: Avoids Grid, Hedge, Scalping, or Arbitrage.
- Live Trading Monitoring: Real-time performance tracking available on MyFxBook.com.

πŸš€ Ready to take control of your trades? https://fxstreet.page.link/tnJVpsGMTdgez75o6
AUD/USD Price Forecast: Some consolidation appears likely near term

The Australian Dollar (AUD) managed to recoup part of Tuesday’s losses, prompting AUD/USD to regain upside impulse and flirt once again with the area of yearly highs near 0.6440, although slipping back below 0.6400 as the day...

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Dow Jones soars close to 500 points as Trump calms Powell firing fears, China tariff relief eyed

The Dow Jones Industrial Average (DJIA) rallied over 490 points or close to 1.30% on Wednesday amid traders' relief on a possible de-escalation of the US-China trade war and US President Donald Trump's comment that he doesn’t plan to remove Federal Reserve (Fed) Chair Jerome...

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USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom

The USD/CAD pair trades modestly higher around 1.3800 during Tuesday’s North American session, bouncing within a tight range after testing six-month lows earlier in the...

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Gold Price Forecast: XAU/USD corrected extreme conditions, struggles around $3,300

Spot Gold retreats on Wednesday, extending its slump to the $3,260 area during American trading hours. The bright metal fell as the market sentiment improved following United States (US)...

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BoE’s Bailey: Fragmenting the world economy will be bad for growth

At an IMF event, Bank of England Governor Andrew Bailey said that the central bank must take the risk to economic growth from global trade disruption very...

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EUR/USD Price Forecast: Gains look limited by 1.1570

The euro came under further pressure on Wednesday, with EUR/USD suffering the continuation of the upside momentum in the US Dollar (USD) and slipping back to the boundaries of the 1.1300 contention...

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Fed’s Beige Book: The outlook worsens due to uncertainty spurred by tariffs

Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions, most of which focuses on the economy’s general overview, inflation, and...

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