A country’s trade balance directly affects currency supply and demand, and is one of the fundamental forces behind long-term currency trends.
Author: FXM680 Editorial Team
Gold surged past $4,600 an ounce to a fresh three-month high, up nearly 5% for the week on sustained dollar weakness.
Gold pushed above $4,500 an ounce for a third straight weekly gain, driven by safe-haven demand and Iran-linked oil price risk.
A surprise drop in US jobless claims to 206K sparked short-covering in the dollar after it hit a three-month low.
The US Treasury doubled its longer-dated bond buybacks, sending yields and the dollar lower while gold and bitcoin rallied.
Heikin Ashi charts use an averaged calculation to smooth out price noise, making trends easier to visually follow.
CHF/CAD pairs the safe-haven Swiss franc against the oil-linked Canadian dollar, reflecting the tension between safety and commodity optimism.
GBP/NZD pairs the pound against the New Zealand dollar, combining two individually volatile currencies into a wide-ranging cross.
EUR/NZD pairs the eurozone’s currency against New Zealand’s smaller, dairy-export-driven dollar, spanning two very different economies.
USD/ZAR pairs the dollar against South Africa’s rand, a liquid but highly volatile emerging-market currency shaped by commodities and global risk appetite.