Australian Dollar depreciates as US Dollar holds gains due to stronger consumer spending – FXStreet
The Australian dollar has stagnated as employment changes came at 32.2K against a consensus forecast of 40k. Australia’s unemployment rate rose to 4.1% in March, with market forecasts just below 4.2%. The US dollar received support as consumer spending was strengthened in March. Australian Dollar (AUD) trades lower USD (USD), snaps a 6-day winning streak. […]
Australian Dollar receives support from improved global risk mood, US Retail Sales eyed – FXStreet
The Australian dollar remains stable despite the release of a soft Westpac major index on Wednesday. China’s GDP grew year-on-year at 5.4% in the first quarter, exceeding the expected 5.1%, maintaining a stable pace of expansion. The US dollar remains muted prior to the release of retail sales data in March later that day. The […]
EUR/USD rises to near 1.1350 ahead of Eurozone HICP inflation data – FXStreet
EUR/USD is supported by improving global risk sentiment. The euro could face headwinds as the market expects a 25 basis point rate cut by the ECB on Thursday. The CME FedWatch tool shows the market is priced at around 85 basis points by the end of the year. EUR/USD traded around 1.1340 during Asian time […]
USD/JPY Price Analysis: Modest recovery fails to alter broader bearish outlook – FXStreet
USD/JPY trades near 143 zones and extends milder profits than Asian sessions Despite the increase, technical indicators and moving averages continue to reflect bearish structures Support is at 142.41, with resistance levels reaching the upper limit near 145.79 and 146.62 The USD/JPY pair rose slightly on Tuesday, hovering around the 143 area, making it even […]
Could XRP ETF approval shape potential 2025 rally? – FXStreet
XRP scored 32% after reaching a tariff-triggered crash of $1.6142, trading above $2.1000 on Tuesday. After Paul Atkins officially assumes his role as agent chair, the SEC was able to vote to dismiss the case against Ripple. The deadline for multiple XRP ETF applications is approaching, and all eyes are set on Paul Atkins in […]
EUR/USD trades near 1.1350, stays silent as US Dollar seeks to recover stability – FXStreet
The EUR/USD is stable as the US dollar tries to stabilize amid growing concerns for stags. Fed’s Bostic noted that the US Central Bank still faces a long road to reaching its 2% inflation target. The ECB is widely expected to offer 25 basis points of interest rate reduction on Thursday. EUR/USD traded at nearly […]
Australian Dollar gains strength as US tariff exemption fuels global risk appetite – FXStreet
The Australian dollar has moved forward after Trump exempts major technology products, including some from China, from his new “mutual” tariffs. RBA meeting minutes showed uncertainty about the timing of the next interest rate movement. The US dollar is stable as investors weigh on the weight of male dog concerns. The Australian Dollar (AUD) will […]
Gold price sees another leg of safe-haven inflow as Equity route deepens – FXStreet
Gold prices exceeded 0.5%, reaching the highest ever high at $3,086. As stocks and cryptocurrency are mounted, the market escapes to secure money. Gold traders are currently targeting nearly $3,100. Gold Price (XAU/USD) concluded another record performance this Friday, reaching a new all-time high of $3,086 so far, trading around $3,075 at the time of […]
GBP/USD Price Forecast: Hovers around 1.2950 near nine-day EMA – FXStreet
GBP/USD challenges immediate resistance near a four-month high of 1.3014. The pair will climb above the nine-day EMA, bolstering the bullish outlook for short-term price action. The 9-day EMA of 1.2936 serves as the closest level of support. The GBP/USD pair has been stable profitable from the previous session, hovering around 1.2950 during Asian trading […]
EUR/USD trades with mild negative bias below 1.0800; focus remains on US PCE Price Index – FXStreet
EUR/USD attracts some sellers during Asian sessions, but there is no follow-through. USD stalls overnight pullbacks from the multi-week top and weighs the measure. Traders are currently looking forward to the US PCE Price Index for meaningful driving forces. The EUR/USD pair struggled to take advantage of the previous day's three-week low, rich bounces from […]