EUR/USD shakes off German political wobble – Danske Bank
Despite political noise out of Germany, EUR/USD held firm as markets eye the Fed for hints of dovishness and remain positioned for further USD weakness over the year, Danske Bank's FX analysts report.
Source: fxstreet.com
Published (UTC): 2025-05-07 11:52:34
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $32.74 per troy ounce, down 1.46% from the $33.23 it cost on Tuesday.
Source: fxstreet.com
Published (UTC): 2025-05-07 11:34:17
Gold Dips $50 to Break $3400!
Gold fell more than 2% as China's trade talks with the US look to be progressing. With Oil jumping higher, will the black gold head back towards $70 by the end of the month?
Source: orbex.com
Published (UTC): 2025-05-07 11:33:25
Nomura Forecast: UK Stagflation Fears to Damage Sterling, GBP/AUD Heading Below 2.00
The Pound to Australian dollar (GBP/AUD) exchange rate dipped to 1-month lows below 2.05 last week before a rally to 2.0670. Nomura considers that the current Pound valuations will not be sustainable given UK stagflation fears and a Bank of England (BoE) pivot.
Source: exchangerates.org.uk
Published (UTC): 2025-05-07 11:30:00
PBOC expands Gold reserves for sixth straight month in April
The latest data published by the People's Bank of China (PBOC) showed that China continued to build its Gold reserves for a sixth month in a row in April.
Source: fxstreet.com
Published (UTC): 2025-05-07 11:19:19
AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
The AUD/USD pair breaks its three-day winning streak, trading around 0.6480 during the European hours on Wednesday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Source: fxstreet.com
Published (UTC): 2025-05-07 11:11:57
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-07 11:04:46
EURUSD consolidates at a key support zone as we await the next catalyst
The euro had a great performance year to date mainly due to the increased German fiscal spending expectations and Trump's tariffs. In the last four weeks though, the EURUSD pair hasn't done much due to the lack of key developments on the trade and interest rates front.
Source: forexlive.com
Published (UTC): 2025-05-07 10:37:51
EUR/USD likely to trade between 1.1290 and 1.1390 – UOB Group
Price action did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade between 1.1290 and 1.1390 vs US Dollar (USD). In the longer run, current price movements are likely part of a consolidation phase between 1.1225 and 1.1410, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Source: fxstreet.com
Published (UTC): 2025-05-07 10:32:49
U.S. Dollar Tests Key Support as Geopolitical Risks Rise – Analysis for EUR/USD, GBP/USD
Dollar index tests $99.183 support as Fed meeting and US-China trade talks drive market sentiment.
Source: fxempire.com
Published (UTC): 2025-05-07 10:16:57
USD/CHF rises above 0.8250 as traders expect Fed to leave rates unchanged
USD/CHF halts its three-day losing streak, hovering around 0.8250 during Wednesday's European session as the US Dollar (USD) gains traction. The Greenback is strengthening as markets adopt a cautious tone ahead of the Federal Reserve's interest rate announcement, scheduled for later in the North American session.
Source: fxstreet.com
Published (UTC): 2025-05-07 10:14:59
China gold reserves rise for sixth straight month
The latest data shows that China's gold reserves at the end of April were at 73.77 million ounces, up from 73.70 million ounces at the end of March. In value terms, the reserves at the end of April amount to $243.59 billion compared to $229.59 billion at the end of March.
Source: forexlive.com
Published (UTC): 2025-05-07 10:04:25
EUR/USD holds onto gains ahead of Fed's monetary policy decision
EUR/USD clings to the previous day's gains around 1.1370 during European trading hours on Wednesday. The major currency pair trades firmly as the US Dollar (USD) ticks down ahead of the Federal Reserve's (Fed) interest rate decision at 18:00 GMT.
Source: fxstreet.com
Published (UTC): 2025-05-07 09:58:22
USDJPY Forecast: Elliott Wave Signals Resumption of Bearish Momentum
The USD/JPY currency pair is showing a bearish trend that began on July 3, 2024, and is expected to continue declining toward the 136.50 level. In the short term, the price movement since the March 28, 2025 high is forming a zigzag pattern, according to Elliott Wave analysis.
Source: actionforex.com
Published (UTC): 2025-05-07 09:31:37
XAU/USD Analysis: Chart Indicates Elevated Volatility
The XAU/USD chart shows that the ATR (Average True Range) indicator has reached its highest level in several weeks, signalling increased market volatility.
Source: actionforex.com
Published (UTC): 2025-05-07 09:30:11
Trading the FOMC Meeting: Key Levels & Analysis for EURUSD and USDJPY
This week, financial markets are keenly focused on the upcoming FOMC Federal Funds Rate decision, the FOMC statement, and the subsequent FOMC press conference. Significant uncertainty surrounds US interest rate projections due to the ongoing divergence between market expectations and the Federal Reserve's outlook for the remaining part of 2025 and early 2026.
Source: actionforex.com
Published (UTC): 2025-05-07 08:44:28
Wells Fargo Forecast: Dollar Fears Exaggerated, End-2025 EUR/USD Forecast 1.11
After the surge to above 1.1550 on April 21st, the Euro to Dollar (EUR/USD) exchange rate has been in a consolidation phase with support below 1.1250. Wells Fargo sees scope for the dollar to recover ground during the second quarter with EUR/USD retreating to 1.10 by the end of the second quarter.
Source: exchangerates.org.uk
Published (UTC): 2025-05-07 08:30:00
GBP/JPY Daily Outlook
No change in GBP/JPY's outlook and intraday bias remains neutral. Further rise is expected as long as 189.97 support holds.
Source: actionforex.com
Published (UTC): 2025-05-07 08:21:56
EUR/CHF Daily Outlook
No change in EUR/CHF's outlook and intraday bias stays neutral. On the upside, above 0.9445 will resume the rebound from 0.9218, either as a corrective move or the third leg of the pattern from 0.9204.
Source: actionforex.com
Published (UTC): 2025-05-07 08:06:26
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday's Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.
Source: fxstreet.com
Published (UTC): 2025-05-07 07:53:25