Forex News
Latest news from Forex market.
Silver Price Forecast: XAG/USD rebounds as buyers defend key support levels
Silver prices are recovering from earlier lows, supported by renewed demand at technical support levels.
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U.S. Dollar Retreats As Producer Prices Fall: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency moved lower as traders reacted to economic reports.
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EUR/USD price analysis: Euro steadies near 1.1200 amid mixed technical signals
The EUR/USD pair maintained a steady tone near the 1.1200 zone on Thursday, reflecting a cautiously bullish stance after the European session. Price action remains within the middle of its recent range, indicating balanced sentiment despite mixed short-term signals.
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EUR/JPY retreats for second day as Yen strengthens, Euro weighed by softer growth revision
EUR/JPY extended its pullback for a second consecutive session on Thursday, falling 0.5% to trade around 163.00, with the Japanese Yen (JPY) gaining traction on safe-haven flows. The Euro (EUR) also came under pressure after Eurozone growth data showed signs of moderation, prompting traders to reassess the region's near-term outlook.
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USD/MXN Outlook: Mexican Peso Maintains Bearish Bias Ahead of Banxico Decision
USD/MXN has started to post a gain of around 0.7% in favor of the U.S. dollar, mainly as the market positions ahead of the Bank of Mexico's upcoming monetary policy decision.
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EUR/CHF price analysis: Cross maintains bearish tone near daily lows on Thursday
The EUR/CHF cross is trading around the 0.9400 zone on Thursday, maintaining a bearish tone as it approaches the lower end of its daily range. The cross remains under pressure as traders assess a mix of technical signals, suggesting further downside risk despite some short-term bullish momentum.
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Silver (XAG) Forecast: Powell's Long-Rate Warning Lifts Outlook, Dollar Drops
Silver bounces off key support as weak U.S. data and Powell's rate warning spark renewed buying. Is a breakout above $32.80 next?
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Silver Price Outlook – Silver Bounces on Thursday After Selling Off
The silver market has been sold aggressively in the early hours of Thursday, but at this point in time, it is bouncing in order to defend the crucial $32 level again.
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Gold price rebounds above $3,200 as US PPI and Retail Sales miss estimates
Gold prices recovered some ground earlier on Thursday during the North American session after US economic data suggested that factory gate inflation continues decelerating. At the same time, consumer spending was debilitated due to US tariffs.
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A season for Gold
Another of my daily go-to charts is the ratio between Large Cap Growth and Large Cap Value. The chart below shows the relative strength between these via the SPYG (SPDR S&P 500 Growth) and SPYV (SPDR S&P 500 Value) ETFs.
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NZD/USD drops on New Zealand fiscal plans, Powell comments, mixed US data
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Thursday, pressured by a stronger Greenback and cautious investor reaction to recent macroeconomic developments.
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EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
EUR/GBP inches lower, tests 200-day EMA as UK GDP tops forecasts
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Gold Price Outlook – Gold Bonces After Initial Sell Off
The gold market initially sold off during the session on Thursday, as the market continued the action from the Wednesday session. The market looks as if we are ready to see it rally again, as the $3200 level looms large.
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USD/CAD edges up to near 1.4000 even as US Dollar underperforms
The USD/CAD pair ticks up to near the psychological level of 1.4000 during North American trading hours on Thursday. The Loonie pair trades higher despite the US Dollar (USD) trading lower following the release of the United States (US) Producer Price Index (PPI) data for April.
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Gold consolidates despite ETF outflows – TDS
Chinese ETFs sold roughly -64koz last session, more than offsetting the +27koz inflows from global x-China ETFs. These outflows still remain multiples below the scale of inflows seen over the last months, suggesting additional selling activity from other cohorts, TDS' Senior Commodity Strategist Daniel Ghali notes.
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USD/JPY –15.05.2025
USDJPY managed to hit some drop correction where managed today to close from support 145.40 As we see over the chart market may head again for another advance from 145.40 support while target and resistance zone laying at 148.20-60 Below 144.40-80 market may head for farther drop toward 141.90-142.30 zone SUPPORT RESISTANCE LEVEL1 145.40 147.20 […]
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GBP/USD –15.05.2025
GBPUSD managed to add more rebound correction while managed to test downtrend resistance line around 1.3360yesterday As long as market keep holding trades below this resistance 1.3360 another drop movement will be expected to test 1.3200-20 zone while below tjis level more drop will be expected toward old target 1.3030 Above 1.3360 more advance toward […]
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EUR/USD –15.05.2025
As we advised early this week and as we see over our previous chart Euro managed to print 1.1065 low last Monday while managed to rebound toward resistance zone 1.1265 As we see over the chart, Market keep trades inside this trading zone Above 1.1290 more advance toward 1.1380-1.1425 may hit the market Below 1.1030 […]
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Pound Sterling Price News and Forecast: GBP/USD holds ground after mixed UK data
After climbing to a weekly high above 1.3350 in the European session on Wednesday, GBP/USD reversed its direction and ended the day in negative territory. The pair holds its ground in the European session on Thursday and trades slightly below 1.3300.
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USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
USD/CHF corrects lower on upbeat Swiss GDP, mixed US economic data
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