Japanese Yen stays strong against a generally weaker USD – FXStreet
The Japanese yen has garnered interest from buyers for the second consecutive day, signaling renewed demand for safe havens. A slight decline in the USD has pulled USD/JPY down from its early weekly highs observed on Friday. The Bank of Japan’s dovish stance may limit JPY’s gains as attention shifts to this week’s FOMC meeting. […]
AUD/USD rises to around 0.6450 after Anthony Albanese secures a second term as Australia’s Prime Minister – FXStreet
The AUD/USD is expected to rise to around 0.6450 during Monday’s opening in the Asian market. Albanese secured his second term as prime minister in the federal elections held on Saturday. The US non-farm payrolls (NFP) showed a growth of 177,000 in April, exceeding expectations. The AUD/USD pair is gaining strength, likely reaching near 0.6450 […]
GBP/USD holds steady above the mid-1.3200s as traders pause before the Bank of England meeting this week – FXStreet
GBP/USD is finding it tough to make significant progress as a new week begins. Rising expectations for aggressive Fed rate cuts are bolstering the dollar, affecting the pairing. GBP bulls seem hesitant ahead of Thursday’s Bank of England (BOE) policy meeting. The GBP/USD pair opens the week on a cautious note, trading within a narrow […]
EUR/USD dips close to 1.1300 as traders wait for US ISM Services PMI – FXStreet
The EUR/USD dropped on Monday amid concerns over potential trade tensions. President Donald Trump revealed plans for 100% tariffs on diplomatic production films, raising alarms about protectionist measures. The eurozone’s harmonized consumer price index held steady at 2.2% year-on-year in April, slightly exceeding the anticipated 2.1%. The EUR/USD hovered around 1.1320 during Monday’s Asian session. […]
EUR/USD loses some early gains as US NFP exceeds expectations – FXStreet
The EUR/USD is losing some of its earlier gains as the US dollar rebounds following the April Non-Farm Payroll (NFP) data. April’s flash HICP data for the Eurozone indicates inflation pressures increased more than anticipated. China has expressed readiness to engage in trade discussions with the United States, which has improved market sentiment. The EUR/USD […]
Gold sticks to modest intraday gains; lacks bullish conviction ahead of US NFP report – FXStreet
Gold prices gain positive traction and leave Thursday's two-week low set. The modest USD downtick provides support for the Xau/USD pair ahead of the US NFP report. Optimism about the possibility of US-China trade negotiations may curb valuable metals. Gold prices (XAU/USD) touch on new daily highs in the early days of Friday's European session, […]
EUR/USD holds below 1.1300 on firmer US Dollar, all eyes on US NFP data – FXStreet
EUR/USD will lose ground to near 1.1290 in early Asian session on Friday. The US is seeking a tariff talks with China, raising hopes for a de-escalation trade war. Traders are waiting for the US April non-farm salary report later Friday. EUR/USD During the early Asian sessions on Friday, the pair softens to about 1.1290. […]
Australian Dollar recovers recent losses as US Dollar trims gains – FXStreet
The Australian dollar is under pressure as the US dollar strengthens, supported by signs that ease tensions between the US and China. China’s move to exempt certain US imports from 125% tariffs has sparked optimism for better trade relations. The Federal Reserve is in a power outage ahead of the Federal Open Market Committee meeting […]
EUR/USD slumps on increasing hopes of easing US-China trade war – FXStreet
As the US dollar increases the likelihood of elimination of escalations in the US-China trade war, the EUR/USD drops to near 1.1350. Beijing is considering suspending additional duties on some products from the US. ECB Holtzmann warns of the structural weakness of the eurozone economy. EUR/USD During North American trading hours on Friday, trading will […]
Pound Sterling rebounds on surprisingly positive UK Retail Sales data – FXStreet
After the UK’s ONS reports bright retail sales data for March, sterling in the pound will rebound against its key peers. Traders are confident in BOE’s interest rate cut of 25 bps in May. The escalation in the US-China trade war supports the US dollar. Pound Sterling (GBP) is striving to acquire ground near a […]