Forex News
Latest news from Forex market.
Gold Price Forecast: XAU/USD slides to near $2,600 as US Dollar bounces back
Gold price (XAU/USD) falls to near the weekly low of $2,600 in Monday's North American session. The precious metal faces selling pressure as the US Dollar (USD) recovers intraday losses and turns positive, with the US Dollar Index (DXY) returning above 108.00.
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Silver Price Outlook – Silver Continues to See Overhead Pressures
The silver market has been selling off recently, as the market continues to watch the interest rate markets show higher yields. This works against the silver market at times, and this might be one of them.
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Gold – 30.12.2024
Gold managed to hit below 2620 support which may put more drop pressure over the market to head toward 2570-75 support zone As long as market keep holding trades below 2630-38 resistance the drop pressure may sustain toward 2570-75 which in turn may activate some rebound correction movement Above 2638 market may add more advance […]
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USD/JPY – 30.12.2024
As we advised last week and as we see over our previous chart USDJPY managed to hit drop correction after the first test of resistance 157.85 where managed to hit drop toward 155.95 and rebound again to re-test 157.85 resistance As we see over the Daily chart, the Short-Run suggesting a drop correction wave may […]
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GBP/USD – 30.12.2024
As we advised last week and as we see over our previous chart GBPUSD managed to hold this trading zone bewteen support 1.2440-80 and resistance 1.2600-20 as we advised before As we see over the chart, market still holding chance for this trading zone while above 1.2620 more advance will be expected with resistances laying […]
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EUR/USD – 30.12.2024
As we advised last week and as we see over our previous chart Euro managed to maintain trades below Intraday resistance 1.0450 which may keep the downtrend pressure to re-test 1.0330 A break above 1.0450 may give chance for farther advance toward 1.0570 while resistance laying at 1.0610-30 which in turn may keep the downtrend wave […]
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USD/CAD struggles to hold 1.4400 amid muted trading activity
The USD/CAD pair faces slight pressure near the key support of 1.4400 in Monday's North American session. The Loonie pair ticks lower as the US Dollar (USD) trades subduedly in illiquid market ahead of New Year.
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EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Softens Early on Monday
Early during the trading session on Monday, we have seen a bit of US dollar weakness, but quite frankly considering that the market has been so strong for the US dollar most of last few months, to take a bit of a breather makes quite a bit of sense at
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Silver (XAG) Forecast: Price Stalls Below 200-Day MA – Is a Drop to $28.40 the Next Move?
Silver prices fall as traders fail to break the 200-day moving average at $29.76. Macro pressures and Fed policy weigh on silver despite supply deficits and rising industrial demand.
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Gold News: Steady as Traders Await Fed Signals and Economic Data for Next Move
Gold consolidates inside $2607-$2629 as markets eye Fed signals and U.S. economic data. Will upcoming reports push gold higher or lower?
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NZD/USD Price Forecast: Surges above 0.5650
The NZD/USD pair climbs to near 0.5660 in Monday's European session. The Kiwi pair gains sharply after the Chinese government announced measures to boost private consumption.
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Silver Price Forecast: XAG/USD trades near weekly low around $29.50 in quiet trading mood
Silver price (XAG/USD) trades cautiously near Friday's low around $29.50 in thin volume conditions before New Year on Monday. The white metal is broadly under pressure as the outlook of the US Dollar (USD) remains firm on expectations that a moderate policy-easing cycle by the Federal Reserve (Fed) in 2025 will keep US Treasury yields elevated.
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EUR/USD Tug-of-War Continues, US Dollar Index (DXY) Steady
EUR/USD finished last week on a positive note despite the rise in the US Dollar Index. EUR/USD traded within a 60-pip range last week as thin liquidity kept any significant moves at bay.
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Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data. Silver trades at $29.37 per troy ounce, broadly unchanged 0.03% from the $29.38 it cost on Friday.
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AUD/USD remains stronger around 0.6200 after breaking its losing streak
The AUD/USD pair halts its five-day losing streak, trading around 0.6200 during the European hours on Monday. The pair appreciates as the US Dollar (USD) remains softer amid thin trading ahead of New Year's holiday, while US Treasury bond yields depreciate.
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Commodity Currencies Recover as Markets Eye China Data, NZD/USD Presses Key Fibonacci Level
Commodity currencies are starting the week with a modest recovery as Aussie, Kiwi, and Loonie attempt to pare steep losses from earlier in the month. Gains remain limited in the subdued holiday trading environment, but these currencies could see further upside if China's NBS PMIs due tomorrow deliver an improved outlook for 2025.
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USD/CAD holds losses near 1.4400 due to improved crude Oil prices
USD/CAD breaks its three-day winning streak, trading around 1.4400 during the European hours on Monday. The USD/CAD pair loses ground as US Dollar (USD) holds losses amid thin trading volumes ahead of the New Year holiday.
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EUR/USD forecast for 2025: loses key support, eyes parity
The EUR/USD pair had another difficult year in 2024, as it crashed by over 5.7% amid a strong divergence between Europe and the United States. On Monday morning, it was trading at 1.0427, down over 7% from its year-to-date high.
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US Dollar Forecast: Chicago PMI Drives Caution, Gold, GBP/USD, and EUR/USD Outlook
US Dollar steadies near 108.00 as Chicago PMI data stirs market caution. Gold, GBP/USD, and EUR/USD trends remain under close watch.
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EUR/USD At Risk of Another Slide, Can Bulls Survive?
Looking at the 4-hour chart, the pair settled below the 1.0450 level, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The pair is now attempting to gain pace above the 1.0450 level.
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