FM-ForexMastermind

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 Gold news: ➡️Gold prices have fallen after hitting a record high, surpassing $3,000, following a series of weaker-than-expected economic indicators, especially PPI and CPI. Concerns about a possible US recession have weighed on the US dollar, boosting demand for the non-yielding metal. ➡️Risky trade policies under President Trump and the possibility of the...

FM-ForexMastermind Updated  Mar 18

🔔🔔🔔 EUR/USD news: 👉EUR/USD traded below 1.090 in early Thursday morning in Europe. Escalating US-EU trade tensions weighed on risk sentiment and the pair, providing some support to the US dollar amid cooling US inflation 👉 Although EUR/USD has maintained its bullish momentum, the price chart in recent days has not been as strong as before, signaling that the...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 Gold news: 👉The US dollar is facing increasing pressure due to changes in US trade policy and increasing global economic uncertainty. If the US government continues on its current path, these pressures could increase, pushing investors towards safe-haven assets such as gold. 👉 In addition, slowing economic growth and expectations of a Federal Reserve rate...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 GBP/USD news: 👉The British Pound (GBP) remained mostly unchanged in trading after the UK’s GDP data showed a 0.1% decline in January. The rolling three-month measure increased by 0.2%, aligning with forecasts. The weak performance in January was driven by global uncertainty and concerns over tariffs. 👉Next week, the UK's economic focus will be on the Bank of...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 USD/CHF news: 👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control. 👉Disappointing US CPI data and previous weak news have added to the weakness of the US...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 AUD/USD news: 👉The weak US CPI report is driving the AUD/USD pair higher during the US trading session. In addition to CPI, other recent US economic data have also shown signs of weakness, raising concerns about a potential recession. The US Dollar remains under pressure as economic risks in the country deepen, compounded by the increasingly unpredictable...

FM-ForexMastermind Updated  Mar 17

🔔🔔🔔 USD/CAD news: 👉All eyes are on the Bank of Canada (BoC) this Wednesday, as markets widely anticipate another interest rate cut—the seventh consecutive one. This time, expectations are for a 25-basis-point reduction, mirroring the move made in January. 👉Meanwhile, the Canadian Dollar (CAD) has been weakening, retreating from last week's highs and approaching...

FM-ForexMastermind Updated  Mar 16

🔔🔔🔔 Gold news: ➡️ Recently, some US officials have shown little concern over Wall Street's response to the Trump administration's trade policies. US Treasury Secretary Scott Bessent clarified that his remarks last Friday about a “detox period” did not imply that a recession was inevitable. In contrast, US Commerce Secretary Howard Lutnick stated that a recession...

FM-ForexMastermind Updated  Mar 15

🔔🔔🔔 USD/JPY news: 👉The latest US CPI report shows that headline inflation rose by 2.8%, slightly below the expected 2.9% and slower than January’s 3% increase. Core CPI, which excludes food and energy prices, eased to 3.1% from the previous 3.3%, while economists had anticipated a moderate slowdown to 3.2%. On a monthly basis, both headline and core inflation...

FM-ForexMastermind Updated  Mar 14

🔔🔔🔔 GBPUSD news: 👉The GBP/USD pair dips slightly during the Asian session on Wednesday, retracing part of the previous day's strong rally to a more than four-month high around 1.2965. Currently, spot prices hover near the 1.2935 level, though the decline lacks strong bearish momentum as traders await the release of US inflation data before making new directional...

FM-ForexMastermind Updated  Mar 14

🔔🔔🔔 EUR/USD news: 👉The US Dollar (Greenback) strengthens as President Donald Trump's steel and aluminum tariffs take effect on Wednesday. The White House confirmed that a 25% tariff on all imported steel and aluminum will be implemented as planned, affecting key US allies and top suppliers, including Canada and Mexico. 👉Additionally, increasing speculation that...

FM-ForexMastermind Mar 14

🔔🔔🔔 EURUSD news: 👉The EUR/USD pair slips to around 1.0835 during Asian trading hours on Friday, as the Euro (EUR) weakens against the US Dollar (USD) amid rising trade tensions between the United States and the European Union. Later in the day, market participants will focus on Germany’s Harmonized Index of Consumer Prices (HICP) for February and the preliminary...

FM-ForexMastermind Mar 13

🔔🔔 AUD/USD news: 👉The AUD/USD pair experienced a sharp decline to around 0.6280 during North American trading hours on Thursday. The Australian Dollar faced significant selling pressure as the US Dollar strengthened amid a cautious market atmosphere. Investors shifted towards safe-haven assets due to concerns that US President Donald Trump’s "America First"...

FM-ForexMastermind Updated  Mar 13

🔔🔔🔔 Gold news: 👉 February’s data increased the odds that the Federal Reserve (Fed) might cut interest rates thrice in 2025. Nevertheless, Fed officials, led by Chair Jerome Powell, had expressed that they did not look at just one month of data. 👉 In the meantime, US Treasury yields climbed amid fears that the global trade war could push prices higher....

FM-ForexMastermind Updated  Mar 13

🔔🔔🔔 GBP/USD news: 👉The Pound Sterling (GBP) holds onto its gains, trading slightly above 1.2900 against the US Dollar (USD) during Monday’s European session. The GBP/USD pair continues to strengthen as the US Dollar struggles to find momentum amid rising concerns about the US economic outlook. The US Dollar Index (DXY), which measures the Greenback’s value...

FM-ForexMastermind Updated  Mar 12

🔔🔔🔔 Gold news: 👉A cautious atmosphere dominates ahead of the release of US consumer inflation data, keeping Gold prices fluctuating within a tight range. The US Dollar (USD) sees a slight rebound as traders take profits after its recent decline. 👉The renewed strength in the USD and rising US Treasury bond yields are limiting Gold's recovery. However, if the...

FM-ForexMastermind Updated  Mar 12

🔔🔔🔔 USD/CAD news: 👉DXY is currently at 103.4, its lowest since November 5, 2024. A break of this level could see DXY fall further. The pair has been losing ground as the US dollar struggles amid concerns that tariff uncertainty could push the US economy into recession. 👉The RSI (1H) is currently entering extreme overbought territory and shows no signs of...

FM-ForexMastermind Updated  Mar 11

🔔🔔🔔 Gold news: 👉Amid Trump's protectionist policies, market concerns over a potential US recession persist, raising expectations that the Federal Reserve (Fed) may opt for interest rate cuts this year. This outlook continues to exert downward pressure on the US Dollar (USD) and US Treasury bond yields, helping to support Gold prices. 👉During a Fox News...