Forex News
Latest news from Forex market.
USD/JPY Weekly Outlook: Hormuz risks may reignite rally
Lower energy prices and the ongoing threat of intervention from the Bank of Japan ensured USD/JPY remained capped beneath recent highs last week. But against the major crosses it was a different story, with diminishing probability of a rate hike from the BoJ later this month seeing the yen weaken to fresh lows against the euro, pound and Aussie.
...keep reeding on forex.com
EUR/USD weekend outlook | Confusion as Strait of Hormuz closes again
The EUR/USD reversed earlier gains to close lower on Friday after the earlier optimism about the Strait of Hormuz re-opening failed to keep the dollar and crude oil under sustained pressure. While crude oil fell about 9% on the day, it closed well off its earlier lows.
...keep reeding on forex.com
US Dollar Slides, Euro and Pound Jump as Oil Crashes After Strait Reopens
The US dollar weakened sharply while the euro and Pound Sterling surged as oil prices crashed over 13% following the reopening of the Strait of Hormuz, triggering a powerful return of global risk appetite. Markets experienced huge moves on Friday, with oil crashing over 13%.
...keep reeding on exchangerates.org.uk
Goldman Pound to Dollar Forecast: Sell GBP/USD, 3-Month Target is 1.33
The Pound to Dollar (GBP/USD) exchange rate found support below 1.32 in early April and has rallied strongly to above 1.35, recouping Iran-related losses as the dollar has lost ground. Risk appetite has also recovered which has helped underpin the Pound.
...keep reeding on exchangerates.org.uk
Danske Bank Euro to Dollar Forecast: EUR/USD to Rise to 1.22 in Next 12 Months
The Euro to Dollar (EUR/USD) exchange rate has rallied to highs around 1.18 as hopes for a resolution in the US-Iran conflict have undermined near-term dollar demand. Danske Bank notes a high degree of uncertainty in the short term, but it has shifted its bias and is no longer backing significant short-term EUR/USD losses.
...keep reeding on exchangerates.org.uk
USD/JPY Forms a Major Head & Shoulders Pattern as Oil Crumbles – FX Analysis
USD/JPY was once again the main target for US Dollar bulls amid the ongoing major US-Iran War, which began on February 27 (with a positive twist in the past week and a half).
...keep reeding on actionforex.com
AUD/USD Price Forecast: Aussie Paradox Peaks as Diplomacy Thaw Fuels 0.7200 Breakout
The Aussie breaks to four-year highs near 0.7200 as US–Iran peace hopes drain the war premium and a China Q1 GDP beat at 5.0% revives the commodity proxy trade.
...keep reeding on fxempire.com
USD/CHF Price Forecast: Breaks below key SMAs, eyes on 0.7800
USD/CHF Price Forecast: Breaks below key SMAs, eyes on 0.7800
...keep reeding on fxstreet.com
Gold (XAU/USD) Price Forecast: Bullish Momentum Builds Beneath Major Resistance
Gold extends its rebound into key resistance while holding strong support confluence, signaling continued upside potential if the 50-day moving average is decisively reclaimed.
...keep reeding on fxempire.com
Silver Price Forecast: Bullish and poised to end above $81
Silver Price Forecast: Bullish and poised to end above $81
...keep reeding on fxstreet.com
United States CFTC Gold NC Net Positions up to $162.5K from previous $156.3K
United States CFTC Gold NC Net Positions up to $162.5K from previous $156.3K
...keep reeding on fxstreet.com
Gold surges past $4,850 as Hormuz reopening crushes the US Dollar
Gold surges past $4,850 as Hormuz reopening crushes the US Dollar
...keep reeding on fxstreet.com
USD/JPY slides as Iran reopens Hormuz, WTI plunges and USD weakens
USD/JPY slides as Iran reopens Hormuz, WTI plunges and USD weakens
...keep reeding on fxstreet.com
USD/CHF falls as Iran declares Strait of Hormuz open
USD/CHF falls as Iran declares Strait of Hormuz open
...keep reeding on fxstreet.com
GBP/USD nears 1.3600 as Hormuz reopening dents US Dollar
GBP/USD nears 1.3600 as Hormuz reopening dents US Dollar
...keep reeding on fxstreet.com
USD/CAD declines on softer US Dollar as Strait of Hormuz reopens, Canada CPI looms
USD/CAD declines on softer US Dollar as Strait of Hormuz reopens, Canada CPI looms
...keep reeding on fxstreet.com
USD/JPY forms a major Head & Shoulders pattern as Oil crumbles – FX Analysis
USD/JPY Technical Analysis: The Japanese Yen enters corrective phase as the US and Iran announce the reopening of the Strait of Hormuz, easing the immense pressure on Asia's energy imports. With the Bank of Japan's rate hike expectations fading and a bearish Head and Shoulders pattern taking shape, traders weigh an end to the US Dollar's recent dominance.
...keep reeding on marketpulse.com
AUD/USD rallies as Hormuz reopening eases oil shock fears, risk sentiment improves
AUD/USD rallies as Hormuz reopening eases oil shock fears, risk sentiment improves
...keep reeding on fxstreet.com
Gold Price Short-term Outlook: XAU/USD Surges 19% - Bulls Test Key Resistance
Gold prices remain firm near recent highs, with XAU/USD continuing to press into a key resistance zone following a strong recovery off the March low. The sustained advance reflects improving near-term momentum, but the broader outlook now hinges on whether price can break through this barrier.
...keep reeding on forex.com
Silver Price Forecast: XAG/USD jumps on weaker Dollar, revived Fed rate‑cut bets
Silver Price Forecast: XAG/USD jumps on weaker Dollar, revived Fed rate‑cut bets
...keep reeding on fxstreet.com