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
EUR/USD: Unlikely to break the major support at 1.1055 – UOB Group
Scope for Euro (EUR) to weaken further against the US Dollar (USD); any decline is unlikely to break the major support at 1.1055. In the longer run, EUR remains under pressure, but it remains to be seen if the current corrective pullback can reach 1.0945, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-13 10:50:52
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
The NZD/USD pair retraces its recent losses registered in the previous session, trading around 0.5890 during the European hours on Tuesday. The technical analysis of the daily chart suggests a neutral outlook , with the pair consolidating within a rectangular range.
Source: fxstreet.com
Published (UTC): 2025-05-13 10:34:50
U.S. Dollar Retreats as CPI Data Looms, Trade Uncertainty Builds – Analysis For EUR/USD, GBP/USD
The U.S. Dollar trades near $101.60 as investors await CPI data and weigh mixed signals from U.S.-China trade talks and Fed rate policy uncertainty.
Source: fxempire.com
Published (UTC): 2025-05-13 10:12:34
USD/CAD steadies above 1.3950 due to trade optimism, expects a rise in US inflation
USD/CAD is aiming for its fifth straight daily gain, hovering near 1.3970 during Tuesday's European session. However, the pair faced some resistance as the US Dollar (USD) softened ahead of the highly anticipated US Consumer Price Index (CPI) report for April, due later in the North American session.
Source: fxstreet.com
Published (UTC): 2025-05-13 10:00:22
EUR/USD trades with caution as US-China trade truce lifts US Dollar's demand
EUR/USD trades cautiously near a month low around 1.1100 during European trading hours on Tuesday. The major currency pair struggles to gain ground as the outlook of the US Dollar (USD) has strengthened after the United States (US) and China agreed to avert an escalation in the trade war and reduce tariffs substantially on Monday.
Source: fxstreet.com
Published (UTC): 2025-05-13 09:52:25
Gold (XAUUSD) & Silver Price Forecast: XAU Eyes $3,284, XAG Targets $33.69
Gold rebounds to $3,260 ahead of U.S. CPI data; silver breaks $33 as Fed rate cut expectations and technical levels drive market momentum.
Source: fxempire.com
Published (UTC): 2025-05-13 09:31:52