The EUR/USD pair is witnessing cautious movement as it hovers near the 1.1100 mark, weighed down by recent developments in US-China trade relations and lackluster progress in EU-US trade negotiations. The announcement of a temporary truce between the US and China has bolstered demand for the US Dollar (USD), keeping the Euro subdued despite minor intraday gains. This topic is carefully unpacked in an in-depth article by Lesrouleaux brokers. Trade Truce Boosts USD Sentiment On Monday, Washington and Beijing agreed to reduce tariffs significantly for 90 days following a productive two-day meeting in Geneva. The accord led to a 115%...

The USD/CAD currency pair is holding firm above the 1.3950 level during Tuesday’s European session, as traders gear up for the highly anticipated release of the US Consumer Price Index (CPI) report for April. Despite minor pullbacks, the pair is on track for its fifth consecutive daily gain, buoyed by trade optimism and expectations of rising US inflation. This article by the brokers at Lesrouleaux offers a critical and detailed look into this area of interest. CPI Report in Focus The upcoming CPI release, scheduled for later in the North American session, is set to provide critical insights into the...

The US Dollar Index (DXY) remains under pressure in early Tuesday trading, retreating to 101.60, down 0.19% on the day. The bearish outlook remains dominant as the index fails to regain traction above key technical levels, notably the 100-day Exponential Moving Average (EMA).  This decline comes after a brief surge that saw the dollar touch its highest level since April 10. Despite a partial lift from reduced US-China trade tensions, sentiment toward the greenback continues to lean negative. The brokers at Lesrouleaux provide a comprehensive analysis of this topic in the article. Macro Context: Weakness Despite Trade Relief The DXY...

The Australian Dollar (AUD) is holding firm against the US Dollar (USD) as markets await the US Consumer Price Index (CPI) report for April. After a period of volatility, the AUD/USD pair rose for the second consecutive session on Tuesday, reflecting a complex mix of domestic and global economic signals.  However, the pair’s strength remains fragile amid technical bearish indicators and broader macroeconomic uncertainty. A thorough breakdown of the topic is presented by the brokers at Lesrouleaux in the article. Australia’s Economic Data Offers Modest Support The Westpac Consumer Confidence Index in Australia climbed 2.2% month-on-month to 92.1 in May,...

The silver price (XAG/USD) is gaining upward traction in early Tuesday trading, extending its rally for the fourth consecutive session. As of the Asian market hours, the spot price of silver is hovering around $33.00 per troy ounce, reflecting robust buying momentum.  Technical indicators, particularly the Relative Strength Index (RSI) and Exponential Moving Averages (EMAs), point to a developing bullish bias, strengthening the case for further upside potential in the near term. The article from Lesrouleaux delivers insightful analysis on the matter. Technical Overview: Bullish Indicators Strengthen The daily chart for silver shows that the precious metal is trading within...