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USD/CAD regains positive traction on Friday amid the emergence of some USD buying.Subdued Crude Oil prices and domestic political uncertainty undermine the Loonie.The fundamental backdrop warrants caution for bulls ahead of the Canadian election. The USD/CAD pair retains its positive bias through th

Trump administration has considered slashing tariffs on Chinese imports. The Dollar Index rose to 99.93 as markets took the news positively. The overall upside is capped at 101 and can eventually resume its downtrend towards 98-96. The Euro and EURINR are coming off but has limited downside to the s

AUD/USD has staged a notable recovery this month, breaching key resistance levels and eyeing a test of the 200-day moving average. A sustained break higher could signal a broader bullish trend reversal, with targets at 0.6550 and beyond, Société Générale's FX analysts note. Focus shifts to key 200-D

EUR/USD edged lower toward the 1.14 mark, as the broader USD staged a modest rebound across the G10 space, Danske Bank's FX analysts report. Buy-the-dip bias intact amid USD positioning risks "The move followed easing signals on the trade front, with Treasury Secretary Bessent noting that the tariff

The U.S. market rebound, sparked by reported progress in trade talks with India and a softened U.S. stance toward China, including Trump’s dismissal of tariff hikes and threats to oust Federal Reserve Chair Powell, signals a welcome shift to a de-escalation phase in Trump’s trade strategy, with Trea

The Japanese yen has rallied for a third straight day. In the European session, USD/JPY is trading at 140.38, down 0.33% on the day. The yen has climbed 1.3% since Thursday, as the US dollar is under pressure against the major currencies. BoJ Core CPI remains at 2.2% BoJ Core CPI, a key inflation in

US Total retail sales rose 1.4% in March, beating the expected 1.3% after rising 0.2% a month earlier. On an annualised basis, sales rose 4.4%, the fastest pace since December 2023, which contrasted with the slowdown in inflation to 2.4% y/y. The acceleration in American spending can be attributed t

GBP/USD has recently broken above its April 3, 2025 peak of 1.3207, which we identified as wave (1) in the chart. This breakout signals a bullish trend starting from the January 13, 2025 low of 1.2705, suggesting more upward movement ahead. The rally from this low follows a five-wave Elliott Wave pa

Gold (XAU/USD) continues to attract buyers, holding steady above the $3,200 level. The precious metal has found strong support from escalating trade tensions between the US and China. The rising uncertainty in global markets, driven by US tariff policies and China's retaliation, has increased invest

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The “sell everything US related” narrative was alive and kicking in markets yesterday. Under normal periods of market stress or panic in the past, US assets have done well, given that they are viewed as just about the safest investments around. This has turned on its head since last week, with marke