Forex News
Latest news from Forex market.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Retreats As Treasury Yields Soar
Silver tested multi-year highs as rally continued.
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EUR/USD Outlook: Euro Weakens After NFP Release
In recent hours, the euro has depreciated by nearly 0.5% against the U.S. dollar, and a bearish bias has started to take shape following the release of today's Non-Farm Payrolls (NFP) report.
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U.S. Dollar Gains Ground As Non Farm Payrolls Beat Estimates: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Rising Treasury yields provide additional support to the American currency.
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Gold Weekly Price Forecast – Gold Has a Choppy Week
The gold market has had another choppy week during the past 5 sessions, as Friday has seen a complete turnaround from the poor ADP numbers. With this being the case, gold of course has a lot of volatility, without a whole lot of clarity.
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Silver Price Outlook – Silver Continues to See Upward Pressure
The silver market continues to see a lot of movement to the upside overall, but at this point in time, the market is a bit overstretched. At this point, I believe that silver is a “buy on the dips” situation for silver as it has been so strong.
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GBP/USD slips as strong US jobs data cools Fed rate cut bets
GBP/USD tumbled during the North American session, down over 0.30% after the latest jobs report in the United States (US) maintained the status quo, with the economy remaining strong. The pair traded at 1.3526 after hitting a daily high of 1.3586.
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Gold Price Outlook – Gold Pulls Back after NFP
During the trading session on Friday, we received the latest jobs numbers in the United States, which came out hotter than anticipated. This has in effect on the gold market as we have softened a bit but we are still very much in the consolidation range.
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EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Strength After NFP
The US dollar has strengthened a bit during the trading session on Friday after the Non-Farm Payroll numbers came out hotter than anticipated. With that being said, it looks as if the market had expected the US economy to implode.
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Silver smashes $35 in Asia futures breakout – TDS
Like a thief in the night, Silver prices broke through $35/oz. Last time Silver broke this range, it took roughly 6 weeks to trade $50/oz, TDS' Senior Commodity Strategist Daniel Ghali notes.
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Chinese SHFE Gold traders hit record-high positioning – TDS
Despite muted ETF flows and flat Western macro participation, positioning data shows Chinese Gold speculators pushing SHFE Gold to record highs, setting the stage for a potentially range-bound market — with several bullish catalysts looming, TDS' Senior Commodity Strategist Daniel Ghali notes.
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EUR/USD retreats below 1.1400 after US NFP data
Following a quiet beginning to the European session, EUR/USD turned south in the second half of the day and declined below 1.1400. At the time of press, EUR/USD was down 0.55% on the day at 1.1382.
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GBP/JPY Price Forecast: Bullish momentum builds after rising above 195.00
The Japanese Yen (JPY) continues to weaken against the British Pound (GBP) on Friday, with the GBP/JPY pair edging up to near 195.20 at the time of writing.
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XAU/USD: Gold in Quiet Mode Ahead of Key US Labor Data
Gold is moving within a narrow range in European trading on Friday, but still being constructive after Thursday's strong upside rejection at pivotal $3400 zone and daily close in red.
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Silver (XAG) Forecast: 13-Year High Spurs Silver Rally as Bulls Target $40
Silver surges 24% YTD, fueled by a supply deficit and solar demand. Read the silver analysis as price prediction targets $40 next.
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USD/INR slips as RBI delivers surprise 50 bps interest-rate cut, markets cheer dovish pivot
The Indian Rupee (INR) strengthens slightly against the United States Dollar (USD) on Friday, despite a surprise 50-basis-point (bps) interest-rate cut by the Reserve Bank of India (RBI). The rate trim, which exceeded market expectations, briefly overshadowed a resilient Greenback ahead of the US Nonfarm Payrolls data.
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Gold treads water with US NFP and US-China trade talks in focus
Gold treads water with US NFP and US-China trade talks in focus
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Pound Sterling Price News and Forecast: GBP/USD retraces against US Dollar with US NFP
The Pound Sterling (GBP) retraces to near 1.3535 against the US Dollar during the European trading session on Friday, falling from a fresh three-year high of 1.3620 posted the previous day. The GBP/USD pair faces selling pressure as the US Dollar (USD) gains ground ahead of the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
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USD/JPY extends recovery to near 144.00 ahead of US NFP data
The USD/JPY pair rises further to near 144.00 during European trading hours on Friday, following the previous day's recovery move. The pair strengthens as the US Dollar (USD) extends recovery ahead of the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.
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Gold Price Forecast: XAU/USD rally loses steam and approaches $3,340 support area
Gold (XAU/USD) is practically flat on Friday, trapped within the last few days' trading range. The broader trend remains positive, but the failure to breach resistance at the $3.400 area this week has shifted the focus towards the $3,340 support area.
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USD/CNH: Likely to trade in a range between 7.1660 and 7.1860 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1660 and 7.1860. In the longer run, mild downward pressure could lead to USD edging lower; it remains to be seen if it can reach 7.1400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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