Gold consolidates in a range; bulls have the upper hand while above $3,300 – FXStreet
Gold Price Bulls appears to be reluctant as positive risk tones undermine demand for safe assets. Thursday’s bright US macro data supports USD and contributes to capping precious metals. Trade-related uncertainty and Fed rate reduction bets should help limit the loss of XAU/USD pairs. Gold Price (XAU/USD) struggles to boost and vibrate the previous day’s […]
Pound Sterling resumes upside against US Dollar, US Durable Goods Orders beat estimates – FXStreet
Pound Sterling rebounds to nearly 1.3300 against the US dollar as the USD index struggles to extend its two-day recovery. US Treasury Secretary Bescent wants each other to cut additional tariffs by both the US and China. Investors are awaiting data on UK retail sales in March. Pound Sterling (GBP) holds its first profit of […]
Japanese Yen snaps two-day losing streak against USD amid reviving safe-haven demand – FXStreet
The Japanese yen attracts some dip buyers amid declining optimism over US-China trade agreements. As BOJ continues to raise interest rates in 2025, more support for JPY will be loaned out. Dovish Fed’s expectations are to keep the US dollar recovery from a multi-year low to the upper limit and weigh USD/JPY. The Japanese Yen […]
USD/JPY Price Forecast: At make or a break around 140.00 – FXStreet
USD/JPY represents part of the intraday loss as the US dollar strives to gain temporary status. The US dollar remains weak due to multiple headwinds. BOJ is expected to continue to raise interest rates. The USD/JPY pair recovers some of the intraday losses, but still trades at nearly 140.65 during North American trading hours on […]
EUR/USD gathers strength above 1.1500 as Trump threatens Fed independence – FXStreet
The EUR/USD stiffens at nearly 1.1520 in early Asian sessions on Tuesday. The US dollar will fall significantly after Trump doubles its Fed attack on Powell. The EU is considering changing the methane rules for US gas to support trade talks. The EUR/USD pair will extend its rise to around 1.1520 while under pressure with […]
US Dollar collapses to fresh three-year lows as Fed independence questioned – FXStreet
After a sharp decline during Monday’s session, the US Dollar Index (DXY) will trade near the 98.50 area. After Trump criticizes Powell, concerns rise, causing fear of Fedo’s independence and further damage. Technical indicators show sustained bearish momentum with resistance seen around 98.65 and 100.38. The US Dollar Index (DXY) will take a deep red […]
GBP/USD Price Forecast: Rises toward 1.3400 barrier near seven-month highs – FXStreet
GBP/USD can encounter primary resistance at a psychological level of 1.3400 The 14-day RSI travels above 70, suggesting that potential drawback corrections may be on the horizon. Immediate support is at the 9-day EMA, near 1.3194, followed by a lower boundary of the rising channel at around 1.3150. The GBP/USD pair continued their winning streak, […]
Australian Dollar remains subdued despite Trump confirmation of US-China trade discussions – FXStreet
The Australian dollar barely moves as trading activities remained tamped due to Good Friday holidays. Trump has hit a breach of optimism, suggesting that a trade deal with China could be finalized within three to four weeks. Federal Reserve Chairman Jerome Powell warned that combining a weak economy with sustained inflation could increase the risk […]
Gold price loses momentum on profit-taking – FXStreet
In early European sessions on Friday, the edge of gold prices is low and pressure is put on profits. Increasing uncertainty about tariffs and the fear of recession could increase the flow of safe havens that supports gold prices. Fed’s Daly will speak later Friday. gold Price (Xau/USD) is stable on Friday after investors retreated […]
Gold price eases below $3,330 after record high as Powell flags stagflation risk – FXStreet
Gold is pulled back from an all-time high of $3,357, as Powell’s goals can be contradictory and stag concerns could arise. Market Mixed: Dow is down to UnitedHealth Crash, while other indexes see modest profits. Trump shows the progress of trade between the EU and China. The ECB will reduce the rate of 25 bps […]