Author: FX

Silver price (XAG/USD) surges over 4.50% on Tuesday, reaching five-day highs, clearing $59.00 as buyers push the white metal to test a downslope resistance trendline near the $59.65/$50.75 range, about to surpass the $60.00 mark.XAG/USD price forecast: Technical outlookFrom a technical perspective, it seems XAG/USD is about to break a downtrend resistance line, which could open the door to a recovery. The Relative Strength Index (RSI) shows that buyers are gaining momentum, suggesting Silver could test higher levels in the near term.If XAG/USD clears $59.75, the immediate test would be $60.00. A breach of the latter opens the path to…

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Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) has recovered overnight losses versus the US Dollar (USD) after news that President Trump may impose new tariffs on Canadian exports. They see these measures as an additional headwind for CAD, with fair value for USD/CAD nudging higher and short-term gains in the Canadian Dollar likely capped.Tariff threat keeps CAD restrained”President Trump is threatening 50% tariffs on some Canadian exports in response to “unfair treatment” of US autos, dairy and alcohol. The tariffs will become effective in 30-days—giving time for an off ramp to be found perhaps—and might…

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 The Australian Dollar (AUD) outperforms its major currency peers, trading 0.28% higher to near 0.7018 against the US Dollar (USD) during the European trading session on Tuesday. The antipodean gains as the market sentiment turns risk-on amid hopes that the United States (US) and Iran could stop exchanging attacks soon. Australian Dollar Price Today The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. Australian Dollar was the strongest against the Japanese Yen. USDEURGBPJPYCADAUDNZDCHFUSD-0.07%-0.13%0.05%-0.06%-0.30%-0.37%-0.05%EUR0.07%-0.05%0.09%0.01%-0.20%-0.31%0.02%GBP0.13%0.05%0.17%0.07%-0.15%-0.24%0.08%JPY-0.05%-0.09%-0.17%-0.10%-0.32%-0.43%-0.09%CAD0.06%-0.01%-0.07%0.10%-0.23%-0.31%0.00%AUD0.30%0.20%0.15%0.32%0.23%-0.09%0.26%NZD0.37%0.31%0.24%0.43%0.31%0.09%0.32%CHF0.05%-0.02%-0.08%0.09%-0.01%-0.26%-0.32% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left…

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