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David Song

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US Non-Farm Payrolls (NFP) Report Preview (JAN 2025)

The US is expected to add 170K jobs in January, while the Unemployment Rate is anticipated to hold steady at 4.1% during the same period.

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By : David Song
Yesterday 08:25 PM
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AUD/USD Recovery Stalls Ahead of January High

AUD/USD may give back the recovery from the start of the week as it appears to be reversing ahead of the January high (0.6331).

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By : David Song
Yesterday 04:55 PM
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US Dollar Forecast: EUR/USD Snaps Back Ahead of January Low

EUR/USD snaps back ahead of the January low (1.0178) to extend the rebound from the weekly low (1.0211).

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By : David Song
February 5, 2025 08:20 PM

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USD/JPY Pushes Below January Range Ahead of US NFP Report

USD/JPY extends the decline from the start of the week to push below the January low (153.72).

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By : David Song
February 5, 2025 04:25 PM
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US Dollar Forecast: USD/CHF Pullback Keeps January Range Intact

USD/CHF continues to hold below the 2024 high (0.9225) as it pulls back ahead of the January high (0.9201).

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By : David Song
February 4, 2025 07:30 PM
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Gold Record High Price Pushes RSI Into Overbought Zone

The price of gold rallies to a fresh record high ($2844), with the ongoing rise in bullion pushing the Relative Strength Index (RSI) into overbought territory.

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By : David Song
February 4, 2025 03:30 PM
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US Dollar Forecast: AUD/USD Vulnerable amid Threat of Trade War

AUD/USD tumbles to a fresh yearly low (0.6088) as the upcoming change in US trade policy dampens the outlook for growth in Asia/Pacific economies.

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By : David Song
February 3, 2025 08:25 PM
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USD/CAD Clears 2020 High as Trump Tariff Looms

USD/CAD clears the 2020 high (1.4668) as US President Donald Trump imposes a 25% tariff on imports from Canada.

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By : David Song
February 3, 2025 05:08 PM
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EUR/USD Pulls Back Ahead of December High

EUR/USD starts to carve a series of lower highs and lows as it slips to a fresh weekly low (1.0360).

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By : David Song
February 2, 2025 03:00 AM
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GBP/USD Holds Below 50-Day SMA Ahead of BoE Rate Decision

GBP/USD holds below the 50-Day SMA (1.2511) after failing to test the monthly high (1.2576).

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By : David Song
January 31, 2025 04:40 PM
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US Dollar Forecast: USD/CHF Defends Post-Fed Rally

USD/CHF seems to be defending the rally following the Federal Reserve interest rate decision as it trades near the weekly high (0.9095).

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By : David Song
January 30, 2025 07:50 PM
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Gold Price Rallies to Fresh Record High amid Limited Response to Fed

The price of gold trades to a fresh record high ($2799) following the limited reaction to the Federal Reserve interest rate decision.

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By : David Song
January 30, 2025 04:30 PM
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EUR/USD Struggles Ahead of ECB as Fed Keeps US Interest Rate on Hold

EUR/USD trades near the weekly low (1.0382) ahead of the European Central Bank (ECB) meeting as the Federal Reserve keeps the US benchmark interest rate at 4.25% to 4.50%.

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By : David Song
January 29, 2025 08:20 PM
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USD/CAD Unfazed by BoC Rate-Cut Ahead of Fed Decision

USD/CAD seems to be unfazed by the Bank of Canada (BoC) rate cut as it consolidates ahead of the Federal Reserve interest rate decision.

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By : David Song
January 29, 2025 05:25 PM
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AUD/USD Susceptible to Negative Slope in 50-Day SMA

AUD/USD holds below the 50-Day SMA (0.6327) as it extends the decline from the start of the week.

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By : David Song
January 28, 2025 08:25 PM
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USD/JPY Outlook Hinges on Federal Reserve Rate Decision

The Federal Reserve rate decision may sway the near-term outlook for USD/JPY as the central bank is expected to keep US interest rates on hold.

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By : David Song
January 28, 2025 04:15 PM
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GBP/USD Breaks Above Weekly Range to Eye Monthly High

GBP/USD appears to be on track to test the monthly high (1.2576) as it breaks out of the range bound price action from earlier this week.

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By : David Song
January 25, 2025 10:00 PM

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USD/CAD Remains Vulnerable to Trump Trade Policy Ahead of Fed Meeting

USD/CAD gives back the advance from earlier this week even as US President Donald Trump warns of the ‘tremendous deficit with Canada.’

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By : David Song
January 24, 2025 04:25 PM
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Gold Price Rally Fizzles to Keep RSI Below Overbought Zone

The price of gold halts a three-day rally as it pulls back from a fresh monthly high ($2764).

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By : David Song
January 23, 2025 08:25 PM
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AUD/USD Recovery Stalls Ahead of Monthly High

AUD/USD holds below the monthly high (0.6302) as it struggles to extend the advance from the start of the week.

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By : David Song
January 23, 2025 05:30 PM
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US Dollar Forecast: USD/CHF Susceptible to Test of Monthly Low

USD/CHF appears to be on track to test the monthly low (0.9009) following the failed attempt to test the 2024 high (0.9225).

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By : David Song
January 22, 2025 08:20 PM
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EUR/USD Pushes Above 50-Day SMA for First Time Since October

EUR/USD pushes above the 50-Day SMA (1.0444) for the first time since October as it climbs to a fresh monthly high (1.0457).

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By : David Song
January 22, 2025 05:56 PM
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USD/JPY Slips to Fresh Monthly Low Ahead of BoJ Rate Decision

USD/JPY carves lower highs and lows ahead of the Bank of Japan (BoJ) interest rate decision as it slips to a fresh monthly low (154.78).

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By : David Song
January 21, 2025 08:30 PM