[XAU/USD] Resistance at 2930
After reaching a new all-time high on February 20, profit-taking caused the price to drop to 2833. Last week, the price started rising again, but for four days, it struggled …
[EUR/USD] Doji Candle Appears
Yesterday, the European Central Bank (ECB) lowered its interest rate by 0.25% to 2.65%, as expected. The ECB’s statement suggested that inflation is slowing down and financial policies are becoming …
[USD/JPY] Job Report Unlikely to Affect Federal Reserve Policy
Yesterday, the Japanese yen strengthened because the Bank of Japan’s deputy governor showed support for raising interest rates, and wage increase demands in Japan reached the highest level in 32 …
[XAU/USD] U.S-Mexico-Canada Agreement (USMCA) Tariff Delay Brings Risk-On Sentiment
Yesterday, gold prices fell in the Tokyo market. However, during the European Central Bank (ECB) meeting, the euro strengthened, causing the U.S. dollar to weaken. As a result, gold prices …
[CAD/JPY] Some Tariffs Reduced
President Trump announced a one-month delay on car tariffs for Canada, which helped CAD/JPY rise to 104.27 yen. He also said his phone call with Prime Minister Trudeau was somewhat …
[USD/JPY] Trump Market
Just before the Tokyo market opened yesterday, the U.S. Secretary of Commerce said that President Trump might reduce tariffs on Canada and Mexico. Because of this, the U.S. dollar rose …
[XAU/USD] Gold Remains Strong Amid Uncertainty
Gold prices went up after the U.S. ADP employment report for February was weaker than expected. However, when the ISM Non-Manufacturing Index came out stronger than expected, the U.S. dollar …
[EUR/USD] Increased European Defense Spending and Ukraine Support
The euro moved around 1.04 in the Tokyo market but started rising in the European market. European Commission President von der Leyen announced that Europe would spend 800 billion euros …
[USD/JPY] Yen Buying Due to Risk Aversion
Early in the morning, President Trump said that Japan was trying to weaken the yen. Because of this, investors started buying yen, making the yen stronger. Also, Japan’s stock market …
[XAU/USD] Global Stock Market Decline
The stock markets in Japan, the U.S., and Europe all fell at the same time. Because of this, investors wanted to avoid risk, and gold prices went up. On the …