USDJPY Wave Analysis
USDJPY currency pair continues to rise strongly inside the c-wave, which recently broke the resistance area between the resistance level 146.00 (top of the previous wave a), 50% Fibonacci correction of the downward impulse from March and the resistance trendline of the daily down channel from January.
Source: actionforex.com
Published (UTC): 2025-05-13 03:42:03
USDCHF Wave Analysis
USDCHF currency pair recently broke the resistance area between the resistance level 0.8325 (which stopped the previous waves A and (b)) and the 38.2% Fibonacci correction of the downward impulse 5 from April.
Source: actionforex.com
Published (UTC): 2025-05-13 03:40:59
PBOC sets USD/CNY reference rate at 7.1991 vs. 7.2066 previous
On Tuesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1991 as compared to Monday's fix of 7.2066 and 7.2180 Reuters estimate.
Source: fxstreet.com
Published (UTC): 2025-05-13 03:22:31
Gold Price Forecast: XAU/USD remains on the defensive amid positive signs from US-China trade talks
The Gold price (XAU/USD) edges lower to around $3,235 during the early Asian session on Tuesday. The precious metal remains on the defensive due to a stronger US Dollar (USD), higher US yields, and optimism on the US-China trade deal.
Source: fxstreet.com
Published (UTC): 2025-05-13 03:18:30
NZD/USD gathers strength above 0.5850 as US and China agree to ease tariffs for 90 days
The NZD/USD pair trades in positive territory around 0.5865 during the Asian session on Tuesday. The New Zealand Dollar (NZD) strengthens against the Greenback after the US and China announced a trade deal, easing fears of a trade war between the world's two largest economies.
Source: fxstreet.com
Published (UTC): 2025-05-13 02:18:38
EUR/USD takes a halting plunge, tests below 1.10 as key inflation data looms ahead
EUR/USD took a hard step lower on Monday, kicking off the new trading week with a fresh dip below 1.1000 before a late recovery pushed the pair back toward 1.1100. The Fiber still closed 1.4% lower on the day, and investors are bracing for a fresh batch of United States (US) Consumer Price Index (CPI) inflation data due on Tuesday.
Source: fxstreet.com
Published (UTC): 2025-05-13 01:32:36
NZD/USD: Kiwi cracks as trade reset sparks USD surge
The Kiwi's safe haven halo has faded fast, with NZD/USD breaking sharply lower as capital floods back into the U.S. dollar following the latest trade truce. With momentum turning and Monday's 200DMA break a potential game-changer, directional risks are skewing lower.
Source: forex.com
Published (UTC): 2025-05-13 01:28:00
USD/CAD extends upside above 1.3950 on firmer US dollar after US-China trade talks
The USD/CAD pair extends the rally to around 1.3975 during the early Asian session on Tuesday, bolstered by a stronger US Dollar (USD). The Canadian Dollar (CAD) marked its weakest point since April 10 against the Greenback since April 10 after a US-China trade deal gave the American currency a boost.
Source: fxstreet.com
Published (UTC): 2025-05-13 01:06:56
GBP/USD falls back as tariff cuts bolster market sentiment
GBP/USD fell on Monday, tumbling a little over one percent and pushing the pair back down below the 1.3200 handle after a broad-based recovery in Greenback bidding. The United States (US) and China mutually agreed to temporarily suspend steep triple-digit tariffs during preliminary trade talks over the weekend, and markets have some room to breathe before the US's bizarre “reciprocal” tariff schedule is set to come back into effect in 90 days.
Source: fxstreet.com
Published (UTC): 2025-05-13 01:03:19
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver price ended Monday's session with losses of over 0.40% as upbeat news from last weekend's meetings between US and Chinese delegations delivered an agreement to reduce tariffs for 90 days, marking the beginning of negotiations. The XAG/USD trades at $32.56, unchanged as Tuesday's Asian session begins.
Source: fxstreet.com
Published (UTC): 2025-05-13 01:01:37
USD/JPY, USD/CAD, AUD/USD Outlook: US Dollar Rallies on Tariff Pause
The US dollar surged after a US–China trade breakthrough, driving breakouts in USD/JPY and USD/CAD, while AUD/USD faltered near key support.
Source: forex.com
Published (UTC): 2025-05-13 00:11:00
AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists
The AUD/NZD pair edged higher on Monday, trading near the 1.0900 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains within the middle of its daily range, suggesting that buyers maintain control despite some longer-term resistance levels.
Source: fxstreet.com
Published (UTC): 2025-05-13 00:00:00
Citi trims near-term gold target, sees consolidation at $3,000–$3,300/oz
Citi has lowered its 0–3 month gold price target to $3,150/oz, down from a previous forecast, citing expectations of consolidation following recent gains.
Source: forexlive.com
Published (UTC): 2025-05-12 23:59:52
USD/JPY surges as Risk-On Sentiment Weighs on Safe-Haven Yen
The USD/JPY pair is trading near 148.00, up approximately 2% on the day, as risk-on sentiment dominates global markets following a significant breakthrough in US-China trade relations. Over the weekend, the two economic giants agreed to a 90-day tariff reduction, with the US cutting its tariffs on Chinese imports to 30% (from 145%) and China reducing its duties to 10% (from 125%).
Source: fxstreet.com
Published (UTC): 2025-05-12 23:30:00
Pound Euro Exchange Rate Forecast: GBPEUR Price Firms as UK, Eurozone Releases in Focus
Tuesday's focus for the Pound Euro (GBP/EUR) exchange rate will likely be some economic data from both the UK and the Eurozone. Looking ahead for Sterling, attention will centre on the UK's upcoming labour market report, specifically the latest unemployment figures.
Source: exchangerates.org.uk
Published (UTC): 2025-05-12 23:00:00
Pound US Dollar Exchange Rate Forecast: GBP/USD Price Crashes on US-China Tariff Truce
Looking ahead, a key catalyst of movement in the Pound to US Dollar exchange rate on Tuesday will undoubtedly be the latest US consumer price index. April's CPI figures may extend the US Dollar's bullish momentum if they report an acceleration of US inflation.
Source: exchangerates.org.uk
Published (UTC): 2025-05-12 23:00:00
GBP/AUD Forecast: Pound Plummets vs Aussie Dollar on US-China Tariff Agreement
As we move towards Tuesday, some significant UK and Australian data will likely be the key driver of movement for the Pound Australian (GBP/AUD) exchange rate. Looking at the Australian Dollar, Australia will release both its Westpac consumer confidence index for May and its NAB business confidence reading for April.
Source: exchangerates.org.uk
Published (UTC): 2025-05-12 23:00:00
EUR/JPY Price Analysis: Euro holds near 165.00 as bullish momentum builds
The EUR/JPY pair advanced on Monday, trading near the 165.00 zone after the European session, reflecting a strong bullish tone as the market heads into the Asian session. The pair remains positioned within the middle of its recent range, suggesting that buyers maintain control despite some mixed short-term signals.
Source: fxstreet.com
Published (UTC): 2025-05-12 23:00:00
Silver Price Forecast: Consolidates Near Highs, Breakout or Breakdown Looms
Silver consolidates in a potential bull pennant pattern, with bullish follow-through likely if price breaks above $32.99 toward $33.70 and higher.
Source: fxempire.com
Published (UTC): 2025-05-12 22:40:57
USD/CHF Rallies as US & China Pause Reciprocal Tariffs
USD/CHF trades back above the former support zone around the 2023 low (0.8333) as it rallies to a fresh monthly high (0.8476).
Source: forex.com
Published (UTC): 2025-05-12 21:22:00