BilalForex

The USD/CAD pair could test the six-month low of 1.3781.The 14-day RSI remains above the 30 level, reinforcing the prevailing bearish bias.The pair could test the upper boundary of the descending channel near 1.3840. The USD/CAD pair retraces its losses registered in the previous session, trading ar

Followme NFP Challenge 🚨 It’s Non-Farm Payroll (NFP) week – and we’ve got a fast, fun challenge just for YOU! 📊 Last month’s NFP (March) came in strong at 303K jobs added, beating expectations. But what about this month? Take your best shot below! 👇 🟩 How many jobs will t

WTI price depreciates amid mounting concerns over slowing global economic growth and weakening fuel demand.WTI is set for a monthly drop of over 15%, its sharpest since November 2021.OPEC+ may fast-track its planned output increases at the upcoming May 5 meeting. West Texas Intermediate (WTI) Oil pr

Oil sinks on renewed demand concerns and geopolitical friction Crude oil prices began the week under pressure, falling sharply on Monday amid a resurgence of macroeconomic and geopolitical headwinds. Brent crude settled near $65.80, while WTI crude fell to $62.02, down nearly 2% on the day. The mark

This is a big data week, with Q1 GBP at midweek plus the employment cost data. The Atlanta Fed bravely delivers its GDPNow ahead of the official data, on Tuesday. Last week it was -2.5%, but adjusted for gold, -0.4%. A minus either way. Some have positives—Bloomberg has +0.4%, the weakest in three y

Indian Rupee strengthens in Tuesday’s Asian session. Positive trends in Indian equities and concerns over the Fed’s independence could boost the INR. Traders brace for the speeches from Fed’s Harker and Kashkari later on Tuesday. The Indian Rupee (INR) edges higher on Tuesday after hitting a four-mo

UoM Consumer Confidence Index came in below the market expectation in April.The USD Index stays deep in negative territory below 100.00. Consumer confidence in the US continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash est

After a historic Q1 rally, gold is making new highs while the U.S. dollar breaks below 100. As global markets spiral deeper into uncertainty, investors are flocking to safe havens. Gold's super cycle: The fifth wave has begun In our April 2nd, 2025 analysis, we projected a potential pullback in gold

Tariff-pause optimism didn’t last long. Although the European markets followed the US to the upside, mood in the US turned increasingly sour and led to another wave of selloff as the trade war escalated with China. China announced to restrict the US movie imports and the US increased its tariffs on

Key points The market’s sharp rally reflects relief, not resolution: Trump’s 90-day tariff pause eased immediate fears, but the broader macro backdrop—defined by rising protectionism and policy volatility—remains unchanged. Policy remains reactive and unpredictable: The administration’s pivot was tr