Forex News
Latest news from Forex market.
Silver Price Forecast: XAG/USD rebounds from multi-day low, climbs back above $32.00
Silver (XAG/USD) reverses an Asian session dip to the $31.85-$31.80 region, or a four-day low, and climbs to a fresh daily high in the last hour. The white metal currently trades around the $32.15-$32.20 area, up nearly 0.20% for the day, and for now, seems to have snapped a three-day losing streak.
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AUD/USD and NZD/USD Form Broadening Wedge Patterns, USD/JPY Stays Bearish
AUD/USD and NZD/USD consolidate within the symmetrical broadening wedge, while USD/JPY remains under bearish pressure.
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USD/INR gathers strength on concerns over US tariffs, global trade war
The Indian Rupee (INR) extends the decline on Tuesday, pressured by strong US Dollar (USD) demand by importers. Maturities in the non-deliverable forwards (NDF) market also exert some selling pressure on the local currency that has been hit by foreign fund sales of local equities since late September.
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GBP/USD maintains position near 1.2900 as concerns over US economic growth persist
The GBP/USD pair recovers recent losses from the previous session, trading around 1.2890 during Asian hours on Tuesday. The pair edges higher as the US Dollar (USD) struggles amid concerns that tariff policy uncertainty could push the US economy into recession.
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PBOC sets USD/CNY reference rate at 7.1741 vs. 7.1733 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1741 as compared to the previous day's fix of 7.1733 and 7.2597 Reuters estimates.
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Will Gold Rally? XAU/USD Price Outlook Amidst Economic Uncertainty
Gold is feeling a bit of pressure at the start of the week as markets are cautious of what lies ahead. Rising tariff developments, recessionary fears and an uncertain geopolitical outlook continue to linger and cloud data releases.
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GBPCAD Wave Analysis
GBPCAD currency pair continues to rise inside the minor impulse wave 3, which belongs to the sharp intermediate impulse wave (3) from last year.
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EUR/USD freezes in place near multi-month highs
EUR/USD cycled in familiar territory on Monday, kicking off the new trading week on a notable quiet note as Fiber traders gear up for a US-data-heavy data docket on the cards for this week. Equities roiled on Monday, falling nearly across the board as investors pull back in the face of rising recession fears, but Fiber traders have battened down the hatches as they await key US inflation figures this week before solidifying their bets.
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USD/CAD holds below 1.4450 ahead of BoC rate decision
USD/CAD holds below 1.4450 ahead of BoC rate decision
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Gold collapses beneath $2,900 as investors flee on recession concerns
Gold (XAU) price retreats as the week begins, down 0.70% and falls below the $2,900 figure as investors' fears of a recession in the United States (US) grow amid controversial trade policies implemented by the US President Donald Trump. At the time of writing, the XAU/USD pair trades at $2,890 after hitting a daily high of $2,918.
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USD/JPY Price Forecast: Extends decline towards 147.00
The USD/JPY stumbles for the second consecutive day as the Japanese Yen (JPY) continues to gather strength due to safe-haven demand. At the time of writing, the pair trades at 147.01 down 0.17% as Tuesday's Asian session begins.
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NZD/USD Price Analysis: Bears test key support as downside risks grow
The NZD/USD pair extended its decline on Monday ahead of the Asian session, slipping toward the 0.5700 zone as sellers maintained control. The pair has now fallen for two straight sessions, with buyers struggling to defend the 20-day Simple Moving Average (SMA), a level that has acted as key support in recent weeks.
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Silver Price Forecast: XAG/USD drops as bears eye $32.00
Silver price drops over 1.20% on Monday even though US Treasury bond yields drop and the Greenback post minuscule gains. At the time of writing, the XAG/USD trades at $32.08 after reaching a high of $32.66.
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AUD/JPY Price Analysis: Bears take control as the pair struggles to hold above 93.00
The AUD/JPY pair extended its decline on Monday ahead of the Asian session, falling toward the 92.50 zone and marking a third straight day of losses. The downward momentum remains strong as the pair struggles to maintain levels above 93.00, with bearish sentiment prevailing in the short term.
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Silver Price Forecast: Drops Below 20-Day MA, Eyes Key Support Levels
A lower swing high in silver suggests weakening momentum, with prices testing key support levels as downside risks increase in the short term.
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Gold, Silver, Platinum Forecasts – Gold Pulled Back Below $2900
Silver and platinum are also moving lower as demand for precious metals declines.
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Pound Dollar Exchange Rate News: GBP/USD Flat despite US Economy Worries
The US Dollar (USD) struggled to catch bids on Monday and weakened against the majority of its peers. Overall, concerns over the US economy stymied the ‘Greenback' at the start of the week.
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US CPI Preview: Is USD/JPY Picking Up a Faint Scent of Stagflation?
USD/JPY is testing a logical support zone for a bounce if we see an as-expected or hotter-than-expected inflation reading.
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U.S. Dollar Is Flat At The Start Of The Week: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Falling Treasury yields did not put pressure on the American currency.
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EUR/USD Price Analysis: Bulls take a breather after last week's sharp rally
The EUR/USD pair extended its bullish momentum on Monday, trading near the 1.0830 zone after the European session. Despite the mild gains, the pair appears to be entering a consolidation phase after last week's sharp surge, during which it added more than 4%.
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