EUR/USD kicks off 2025 with a fresh move to the downside – FXStreet
On the first trading day of the new year, the euro/dollar pair fell by 0.8%. There is a strong bearish mood surrounding the battered euro. Analysts expect the interest rate differential to widen further, reaching parity by 2025. EUR/USD has fallen further ahead of the start of the 2025 trading season, dropping 8/10% to hit […]
GBP/USD plunges to new lows to kick off the new trading year – FXStreet
GBP/USD fell on Thursday, falling below 1.2400 for the first time since April. January has only just begun, but cable is already on pace to end the month on a tough note. Friday's US PMI data will wrap up this week's economic calendar. On Thursday, GBP/USD saw moderate price action, falling more than 1% at […]
USD/CAD gains above 1.4400 as US Dollar dominates on Fed’s cautious policy outlook – FXStreet
USD/CAD rose above 1.4400 as the US dollar hit a new two-year high. The Fed is expected to go through a gradual rate-cutting cycle this year. Investors are awaiting US ISM Manufacturing PMI data for December. The USD/CAD pair rose to around 1.4420 in European trading on Thursday. The loonie pair is rising as the […]
EUR/USD is under pressure as US Dollar holds onto two-year high – FXStreet
EUR/USD is trading cautiously around 1.0350 as the US dollar continues to rise. The U.S. dollar is expected to have more room to appreciate, as the Federal Reserve has indicated that it will reduce interest rates in 2025. Investors expect the ECB to steadily cut rates by 25 basis points at each meeting through June. […]
EUR/USD remains subdued around 1.0350 as ECB maintains a dovish outlook for this year – FXStreet
EUR/USD faces headwinds as the ECB maintains a dovish stance on interest rate policy in 2025. The ECB is expected to lower deposit facility rates to a neutral rate of 2% by June 2025. The U.S. dollar index rose to multi-year highs following a hawkish policy shift by the Federal Reserve. EUR/USD continues to decline […]
Gold Price Forecast: XAU/USD posts modest gains above $2,600, focus on Trump policies – FXStreet
Gold prices remained positive near $2,625 in early Asian trading on Thursday. Geopolitical risks, central bank buying, and flows into safe-haven assets could push gold prices higher. Expectations that the Fed will slow the pace of rate cuts could cap the yellow metal's upside. Gold prices (XAU/USD) rose moderately to around $2,625 in early Asian […]
EUR/USD Price Analysis: Immediate resistance appears at nine-day EMA above 1.0400 – FXStreet
EUR/USD could fall further due to weak short-term price momentum. The first support level is seen at 1.0332, the two-year low recorded on November 22nd. The 9-day EMA serves as an immediate resistance at the 1.0417 level. EUR/USD has regained recent losses from the previous session and is trading around 1.0410 in European time on […]
GBP/USD Price Forecast: Tests nine-day EMA above descending channel near 1.2550 – FXStreet
GBP/USD is located above the descending channel, suggesting a weakening bearish bias. The upper bound of the descending channel acts as a major support near the 1.2540 level. Immediate resistance appears at the 9-day EMA at the 1.2565 level. GBP/USD has regained recent losses and is trading around 1.2550 in European time on Tuesday. Daily […]
USD/INR surges on broad-based US Dollar demand ahead of New Year holiday – FXStreet
The Indian rupee traded in negative territory early in Europe on Tuesday. The INR has fallen due to a weaker Chinese yuan, higher dollar bids and a slower pace of Fed rate cuts. India's November federal budget deficit and third-quarter trade deficit will be the highlights on Tuesday ahead of the New Year holidays. The […]
EUR/USD consolidates in illiquid market amid year-end trading – FXStreet
EUR/USD rose to around 1.0440 during a period of low trading volume. Due to the ECB's dovish leadership and the possibility of a trade war with the US, the euro is expected to end the year down by around 5.5% against the US dollar. This week, US investors will focus on December US ISM manufacturing […]