Gold forecast: XAU/USD stages mild recovery ahead of CPI – but will it hold?
The gold forecast has taken a turn for the worse—at least in the near term. The US-China tariff truce sparked a risk-on rally across global markets on Monday, and while the dust hasn't quite settled, today's mild bounce in gold does little to shift the broader outlook.
Source: forex.com
Published (UTC): 2025-05-13 13:48:00
USD/JPY steadies as BoJ stays hawkish amid US tariff uncertainty, breakout above 148.50 eyed
The Japanese Yen (JPY) is holding steady near 148.00 against the US Dollar (USD) on Tuesday, pausing after a steep rise in the previous day. Despite the short pullback, the US Dollar remains resilient, supported by a temporary easing in US-China trade tensions.
Source: fxstreet.com
Published (UTC): 2025-05-13 13:46:00
Pound Sterling Price News and Forecast: GBP/USD faces pressure
The Pound Sterling (GBP) trades with caution against its peers on Tuesday after the release of the United Kingdom (UK) labor market data for the three months ending March. The Office for National Statistics (ONS) reported that the ILO Unemployment Rate accelerated to 4.5%, as expected, from 4.4% in the three months ending February.
Source: fxstreet.com
Published (UTC): 2025-05-13 13:44:34
AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
Source: fxstreet.com
Published (UTC): 2025-05-13 13:17:47
Strong inflows into Chinese Gold ETFs in April – Commerzbank
The World Gold Council reported Gold ETF data for April last week, Commerzbank's commodity analyst Carsten Fritsch notes.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:42:09
USD/CNH can continue to weaken – UOB Group
US Dollar (USD) could continue to weaken vs Chinese Yuan (CNH); the major support at 7.1700 is likely out of reach for now. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:39:40
Silver, Platinum and Palladium also decline – Commerzbank
Silver, Platinum and Palladium initially rose after the tariff announcement yesterday, but subsequently also came under pressure in the wake of Gold, Commerzbank's commodity analyst Carsten Fritsch notes.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:30:02
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:25:43
Gold price under pressure after announcement of tariff suspension – Commerzbank
The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:13:29
USD/JPY holds gains as BOJ stays cautious on rate path – BBH
USD/JPY consolidates near recent highs as the BoJ's cautious tone and low market-implied hike expectations contrast with ongoing dollar strength, BBH FX analysts report.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:08:11
NZD/USD is on the downside – UOB Group
The risk for New Zealand Dollar (NZD) is on the downside vs US Dollar (USD), but any decline is likely part of a lower range of 0.5835/0.5900. In the longer run, the chance for NZD reaching 0.5835 has increased; the next level to watch is 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 12:04:51
Euro-to-Dollar FX Forecast: "A move in EUR/USD to 1.20 seems reasonable" says SocGen's Juckes
Societe Generale's Kit Juckes expects a structurally weaker US dollar over time, citing the economic drag from tariffs, shifts in global reserve preferences, and a stronger Eurozone fiscal outlook as key drivers of an eventual EUR/USD move to 1.20. "Our FX forecasts assume that there is some damage to US growth from the President's.
Source: exchangerates.org.uk
Published (UTC): 2025-05-13 12:00:00
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
Slight increase in momentum suggests Australia Dollar (AUD) could test 0.6350 against US Dollar (YSD); the major support at 0.6330 is unlikely to come under threat. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:52:51
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:40:30
Gold (XAUUSD) Price Forecast: Bulls Defend Key Support Zone Ahead of Crucial CPI Data
Gold price holds key support as traders await U.S. CPI data; inflation surprise could drive XAU/USD direction sharply in the near term.
Source: fxempire.com
Published (UTC): 2025-05-13 11:31:27
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $33.05 per troy ounce, up 1.40% from the $32.60 it cost on Monday.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:30:00
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:29:46
EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys
EUR/JPY loses ground after registering more than 0.50% gains in the previous session, trading around 164.20 during the Asian hours on Tuesday. The currency cross remains subdued following the release of ZEW Economic Sentiment surveys from Germany and the Eurozone.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:18:12
Gold price recovers as US-China trade agreement euphoria fades quickly
Gold (XAU/USD) rebounds and trades near $3,260 at the time of writing on Tuesday, recovering from the 2.65% drop the previous day after the US-China trade deal was announced. Traders are starting to get wary about the lack of detail in the announcement, and another flare-up could propel bullion back toward the record high set last month.
Source: fxstreet.com
Published (UTC): 2025-05-13 11:01:58
EURUSD, Dow Outlook: CPI Data vs. Trade Hopes
EURUSD, Dow Outlook: While markets respond to optimism surrounding a 90-day tariff cut between the U.S. and China, underlying fundamentals and economic data remain in focus — with the upcoming U.S. CPI release next on the radar.
Source: forex.com
Published (UTC): 2025-05-13 11:01:00