Gold has been slammed lower, under US$3670
gold This article was written by Eamonn Sheridan at www.forexlive.com.
Source: forexlive.com
Published (UTC): 2025-05-07 02:51:57
EUR/USD continues to muddle along ahead of key Fed showing
EUR/USD muddled through Tuesday's market action, marking out a fresh near-term consolidation range near the 1.1300 major handle as Fiber traders wait for a reason to move. The Federal Reserve's (Fed) midweek rate call is the key data event this week, keeping investor sentiment chained to its post for the time being.
Source: fxstreet.com
Published (UTC): 2025-05-07 02:05:02
AUD/USD, NZD/USD: Breakout Builds on China Stimulus Talk and Trade Hopes
The Aussie and Kiwi surged to new 2025 highs, riding a soft U.S. dollar and renewed hopes for a China trade breakthrough and stimulus. While domestic data remains weak, risk-on flows and bullish technicals hint at more upside ahead.
Source: forex.com
Published (UTC): 2025-05-07 01:42:00
GBP/USD catches some lift on hopes for a US-UK trade deal
GBP/USD rose on Tuesday, climbing four-tenths of one percent on the day and testing the 1.3400 handle on headlines of a possible US-UK trade deal that would see the UK avoid the brunt of trade tariffs being actively pursued by the Trump administration.
Source: fxstreet.com
Published (UTC): 2025-05-07 01:20:36
Gold soars to two-week high on trade jitters, India-Pakistan tensions
Gold rallied to a two-week peak on Tuesday as the Chinese markets resumed operations following a long weekend holiday and concerns about US trade policies. Geopolitical risks also boosted the precious metal, with a new conflict emerging between Pakistan and India.
Source: fxstreet.com
Published (UTC): 2025-05-07 00:52:08
AUD/NZD Price Analysis: Aussie softens near 1.0800 as bearish tone gains traction
The AUD/NZD pair edged lower on Tuesday, trading near the 1.0800 zone after a steady decline through the European session. Price action remained confined within the day's range, but the downside drift highlights the underlying bearish tone as the pair approaches the Asian session.
Source: fxstreet.com
Published (UTC): 2025-05-07 00:00:00
USD/JPY firms as trade tensions and Fed caution weigh on Dollar
USD/JPY is trading weaker on Tuesday, hovering in the 142.00 area as safe-haven demand strengthens the Japanese Yen. Risk aversion has intensified as global investors respond to elevated geopolitical uncertainty, including tensions in the Middle East, renewed trade frictions, and shifting global central bank dynamics.
Source: fxstreet.com
Published (UTC): 2025-05-06 23:30:00
EUR/JPY Price Analysis: Euro drifts near 162.00 as bearish pressure starts to build
The EUR/JPY pair weakened slightly on Tuesday, hovering around the 162.00 mark after the European session, with price action holding mid-range between intraday highs and lows. While selling pressure remains contained, short-term technicals continue to lean bearish, setting the stage for potential further softness heading into the Asian session.
Source: fxstreet.com
Published (UTC): 2025-05-06 23:00:00
Gold Price Forecast: Bull Steam Ahead
A bullish reversal in gold signals likely continuation of its uptrend, with technical support and breakout strength pointing to higher prices and possible new records.
Source: fxempire.com
Published (UTC): 2025-05-06 22:46:42
AUD/USD remains resilient amid Fed uncertainty and trade concerns
The AUD/USD pair remains resilient, despite a retreat from recent highs. The Australian Dollar (AUD) benefits from a weaker US Dollar (USD), as market participants focus on the Federal Reserve's (Fed) anticipated policy meeting on Wednesday.
Source: fxstreet.com
Published (UTC): 2025-05-06 22:15:18
Pound US Dollar Exchange Rate Forecast: GBP Price Firms amid US Trade Jitters
Looking ahead, the fallout from the Fed's interest rate decision will undoubtedly drive movement in the pound to US dollar exchange rate in the middle of the week. But while the bank's forward guidance may offer some direction for the ‘Greenback,' Trump's response to the Fed's decision may have the greater impact on the.
Source: exchangerates.org.uk
Published (UTC): 2025-05-06 21:30:00
GBP/EUR Forecast: Pound Sterling Muted vs Euro following UK PMI, EZ PPI
Looking ahead for the GBP/EUR exchange rate, some economic releases from the Eurozone are likely to drive movement during Wednesday's European session. Germany, the Bloc's largest economy, will reveal its latest factor orders reading while the Eurozone will release its latest retail sales index.
Source: exchangerates.org.uk
Published (UTC): 2025-05-06 21:30:00
GBP/AUD Forecast: Pound Firms vs Aussie Dollar Following Gloomy PMIs
Moving ahead to mid-week trade, the GBP/AUD exchange rate will likely primarily be driven by market mood, amid a lack of any significant UK or Australian data scheduled for release. The Federal Reserve will reveal its latest interest rate decision on Wednesday, which could impact broader market sentiment and therefore the GBP/AUD exchange.
Source: exchangerates.org.uk
Published (UTC): 2025-05-06 21:30:00
Pound Sterling Price News and Forecast: GBP/USD rises past 1.3350 as traders brace for Fed, BoE rate decisions
The Pound Sterling advanced for the second consecutive day, gaining over 0.65% against the US Dollar amid a scarce economic docket on both sides of the Atlantic. Major central banks like the Federal Reserve and the Bank of England (BoE) are preparing for their policy meetings.
Source: fxstreet.com
Published (UTC): 2025-05-06 20:33:31
USD/CHF: Dollar drifts lower as SNB rate cut bets build and FOMC looms
USD/CHF is under pressure on Tuesday, with the pair slipping lower amid continued softness in the broader US Dollar. The pair is trading in the lower band of its recent range as global markets weigh the implications of Monday's extraordinary Taiwan Dollar move and its potential contagion across Asian currencies.
Source: fxstreet.com
Published (UTC): 2025-05-06 19:30:00
Gold, Silver, Platinum Forecasts – Gold Rallied Above The $3400 Level
Gold soared as Chinese investors got back to business after a long weekend, driving demand for the metal.
Source: fxempire.com
Published (UTC): 2025-05-06 19:11:06
EUR/CAD Price Analysis: Euro softens toward 1.5600 but broader trend stays constructive
The EUR/CAD pair edged lower on Tuesday, hovering near the 1.5600 area after the European session as the pair retreated within the day's range. Although the move reflects mild selling pressure, the broader trend structure remains favorable for buyers, particularly when viewed through the lens of longer-term averages.
Source: fxstreet.com
Published (UTC): 2025-05-06 19:00:00
U.S. Dollar Retreats: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is losing ground as traders react to imports and exports data.
Source: fxempire.com
Published (UTC): 2025-05-06 18:39:18
EUR/USD Price Analysis: Euro steadies near 1.1300 with bullish bias intact
The EUR/USD pair moved slightly higher on Tuesday, trading near the 1.1300 zone after the European session as buyers remained in control despite a lack of strong momentum. The pair sits mid-range within today's movement and is holding above key trend indicators, maintaining a bullish posture even as intraday signals suggest temporary indecision.
Source: fxstreet.com
Published (UTC): 2025-05-06 18:28:33
USD/JPY Outlook: The Dollar Retreats as the Fed Decision Nears
Over the last three trading sessions, the Japanese yen has strengthened by more than 2% against the U.S. dollar, reaching the 140 yen per dollar area as the bearish bias intensifies in the short term.
Source: forex.com
Published (UTC): 2025-05-06 18:09:00