Market Overview
The current global landscape is marked by a significant reignition of trade wars, particularly between the U.S. and China. Recent U.S. actions, including moves around late May to “aggressively revoke” Chinese student visas and renewed bans on tech exports like AI chips and design software, are raising major concerns about global economic fallout.
Adding to the volatility, President Trump announced plans to double tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025. These sweeping measures extend to all countries, not just China, and are stirring friction even with traditional allies like India. India is reportedly demanding removal of existing U.S. tariffs, marking a new chapter in trade uncertainty that could reverberate through global markets.
Geopolitical tensions are compounding economic concerns. Ukraine’s drone strike on Moscow around June 1–2, paired with U.S. warnings over China’s military ambitions for Taiwan by 2027, reflects an escalating global risk environment. These developments heavily influence forex and metals, as seen in these 9 global forex & metal moves amid rising trade tensions.
Market Analysis
GOLD
GOLD prices have rallied strongly, breaking through resistance amid heightened geopolitical and trade fears. The MACD and RSI both show increased bullish volume and momentum. Among the 9 global forex & metal moves amid rising trade tensions, GOLD stands out as a key safe-haven asset with potential for further upside, though a short consolidation phase may occur before continuation.
SILVER
SILVER mirrors GOLD’s bullish movement, breaking out of consolidation with strong MACD and RSI signals. As one of the 9 global forex & metal moves amid rising trade tensions, SILVER reflects a robust breakout structure that supports continued buying opportunities, especially as GOLD eyes historic highs.
DXY
The Dollar Index is under pressure, continuing a sell-off driven by trade policy shifts and geopolitical unease. MACD and RSI show strong bearish momentum. As part of the 9 global forex & metal moves amid rising trade tensions, the DXY’s weakness presents a bearish outlook, especially if global allies withdraw support for U.S. trade actions.
GBPUSD
The Pound is climbing steadily, supported by bullish RSI and MACD trends. Momentum remains strong despite temporary stagnation. This pair, one of the 9 global forex & metal moves amid rising trade tensions, offers bullish potential, especially with price retractions possibly setting up favorable entries.
AUDUSD
The Aussie Dollar is gaining, though recent consolidation shows caution amid tensions with China. Prices remain above 0.64801, supported by bullish MACD and RSI trends. As part of the 9 global forex & metal moves amid rising trade tensions, AUDUSD remains a strong candidate for continued bullish momentum, though retracement is possible.
NZDUSD
The Kiwi is pushing higher despite weak trade negotiations between China and the U.S. The pair is testing the 0.60455 level, with a breakout confirming further upside. The MACD and RSI both support this move, making NZDUSD one of the more resilient plays in the 9 global forex & metal moves amid rising trade tensions.
EURUSD
The Euro is supported by strong economic data and anticipated ECB rate cuts. Breaking out of consolidation, the pair is now backed by bullish MACD and RSI signals. Within the 9 global forex & metal moves amid rising trade tensions, EURUSD is well-positioned to benefit from Eurozone resilience amid global uncertainty.
USDJPY
The Yen has regained strength despite early pullbacks, keeping USDJPY in a bearish stance. The MACD and RSI support further downside, though a test of the EMA200 may precede the continuation. As one of the 9 global forex & metal moves amid rising trade tensions, this setup highlights safe-haven demand for the Yen.
USDCHF
The Franc gains strength as confidence in the U.S. economy declines. The MACD and RSI show clear bearish continuation for USDCHF. As part of the 9 global forex & metal moves amid rising trade tensions, this pair underscores defensive positioning amid global uncertainty.
USDCAD
The Canadian Dollar continues to strengthen, with USD/CAD showing bearish momentum on both MACD and RSI. Despite recent stagnation, overall bias remains negative. Among the 9 global forex & metal moves amid rising trade tensions, CAD strength reflects broader commodity and rate dynamics tied to trade policy.
COT Market Analysis
AUD – WEAK (5/5)
GBP – STRONG (5/5)
CAD – WEAK (5/5)
EUR – STRONG (3/5)
JPY – STRONG (3/5)
CHF – WEAK (4/5)
USD – MIXED
NZD – WEAK (4/5)
GOLD – STRONG (3/5)
SILVER – STRONG (5/5)
Final Thoughts
These 9 global forex & metal moves amid rising trade tensions highlight a shifting macroeconomic landscape where trade wars, geopolitical shocks, and monetary policy intersect. Safe-havens like GOLD and SILVER remain in demand, while DXY weakness fuels momentum in commodity-linked currencies. Traders should focus on setups with strong momentum indicators, while incorporating risk-reward awareness and portfolio diversification to navigate rising global uncertainty. Visit us: https://worldquestfx.com