Forex News
Latest news from Forex market.
Gold News: Prices Surge on Trade War Fears, But RSI Signals Overbought—Reversal Ahead?
Gold prices rally on trade war fears, hitting record highs. But with RSI overbought, is a reversal ahead?
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More crowded US dollar trade ramps up expectations for euro parity
A crowded strong U.S. dollar trade is set to get more bunched up in coming months, with near one-third of currency strategists polled by Reuters now expecting the euro to fall to parity with the dollar or below versus only one-fifth last month.
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USDJPY Drops to Seven-Week Lows As Japanese Wages and Tariff War Take Center Stage
The USDJPY currency pair dropped to the lowest level since mid-December, with the yen favoured to extend its gains in Q1 2025.
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AUD/USD soars to near 0.6300 as market sentiment turns cheerful
The AUD/USD pair surges to near the key level of 0.6300 in Wednesday's European session. The Aussie pair strengthens as the risk appetite of investors has improved amid expectations that the trade war won't be global and will be limited between the United States (US) and China.
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USD/CAD slumps below 1.4300 as CAD capitalizes on Trump's suspension of tariff orders
The USD/CAD pair extends its losing streak below the key level of 1.4300 in Wednesday's European session. The Loonie pair weakens as the Canadian Dollar (CAD) continues to gain, given that United States (US) President Donald Trump delayed his orders to impose 25% tariffs on Canada for 30 days.
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Gold continues to print intraday fresh all-time highs, while bull run picks up steam
Gold's price (XAU/USD) is shooting for the stars and rallies for a fifth consecutive day in a row on Wednesday, accounting for more than 2.5% of gains this week and hitting fresh all-time highs near $2,877. Softer economic data from the United States (US), which further supports the case for another rate cut from the Federal Reserve (Fed), together with quickly fading tariff fears, is lifting Gold to higher levels day by day.
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EUR/USD advances as investors see limited trade war between US and China
EUR/USD advances above 1.0400 in Wednesday's European session. The major currency pair gains as the US Dollar (USD) extends its losing streak for the third trading day.
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USD/CNH: Likely to trade in a lower range of 7.2680/1.3200 – UOB Group
Instead of continuing to decline, US Dollar (USD) more likely to trade in a lower range of 7.2680/1.3200. In the longer run, outlook is mixed; USD could trade in a 7.2430/7.3580 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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USD/JPY: High achieved last week at 156.25 could cap upside – BBH
USD/JPY recently formed a lower peak near 158.85 than the one achieved last year at 162, BBH FX analysts report.
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USD/JPY: USD is likely to trade in a range – UOB Group
US Dollar (USD) is under mild downward pressure; it could edge lower, but any decline is unlikely to break below 153.70. In the longer run, for the time being, USD is likely to trade in a 153.70/156.70 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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GBP/NZD Forecast: New Zealand Data in the Spotlight?
The New Zealand Dollar (NZD) struggled to catch bids on Tuesday and dipped against several of its peers amid the absence of economic data releases. Due to the lack of data during Tuesday's European session, the ‘Kiwi' traded mostly in line with market appetite for risk.
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GBP/USD Rocked by Trump Tariff Turnaround - Did Trump Cave?
... Exchange Rates UK - Exchange Rates and Foreign Exchange
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MUFG Forecast: GBP/USD Reversal from Below $1.20
The Pound to Dollar (GBP/USD) exchange rate slumped to 1.2250 amid trade-war fears before a recovery to near 1.2450 as Mexican and Canadian tariffs were postponed MUFG expects that dollar strength will dominate initially with GBP/USD sliding to below 1.20 during the first quarter of 2025. It does expect a dollar reversal later in the.
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Pound Euro (GBP/EUR) Exchange Rate Wavers amid Absence of Data
At the time of writing, GBP/EUR traded at around €1.2022, virtually unchanged from Tuesday's opening rate. On Tuesday, the Pound (GBP) struggled to attract investor attention, partly due to a lack of UK economic data, which left GBP exchange rates susceptible to the day's market sentiment.
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NZD/USD: Likely to trade in a 0.5510/0.5705 range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a 0.5605/0.5680 range. In the longer run, current price movements are likely part of a 0.5510/0.5705 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $32.46 per troy ounce, up 1.11% from the $32.10 it cost on Tuesday.
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AUD/USD: Unlikely to reach the major resistance at 0.6310 – UOB Group
Australian Dollar (AUD) could break above 0.6265; any further advance is unlikely to reach the major resistance at 0.6310. In the longer run, downward momentum has largely faded; AUD is expected to trade in a range between 0.6080 and 0.6310, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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EURUSD Extends Winning Streak With Dollar Weakened From Multiple Fronts
EURUSD is on the uptrend courtesy of multiple weaknesses in US dollar fundamentals, headlined by trade tariffs.
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USD/CHF holds losses below 0.9050 as US Dollar undergoes a downward correction
USD/CHF continues its decline for the second straight day, trading near 0.9030 during European hours on Wednesday. This downturn is primarily driven by a weaker US Dollar (USD), which is undergoing a technical correction.
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GBP/USD: A sustained break above 1.2530 is unlikely – UOB Group
The Pound Sterling (GBP) could rise further; overbought conditions suggest a sustained break above 1.2530 is unlikely. In the longer run, for the time being, GBP is expected to trade in a range of 1.2245/1.2530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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