Forex Trading

GBP/USD sticks to modest gains near mid-1.2500s, upside potential seems limited

https://www.fxstreet.com/news/gbp-usd-sticks-to-modest-gains-near-mid-12500s-upside-potential-seems-limited-202205250804

GBP/USD sticks to modest gains near mid-1.2500s, upside potential seems limited The GBP/USD pair built on the previous day's late bounce from the 1.2470 region and gained some follow-through traction on Wednesday. The pair held on

EUR/USD: Rally unlikely to extend towards the 1.08-1.09 area – ING

https://www.fxstreet.com/news/eur-usd-rally-unlikely-to-extend-towards-thhe-108-109-area-ing-202205250755

EUR/USD: Rally unlikely to extend towards thhe 1.08-1.09 area – ING EUR/USD broke the 1.07 mark on Tuesday. However, a move to 1.08-1.09 in is not the base case of economists at ING. A move to 1.08-1.09 would be too st

Gold Price Forecast: XAUUSD to cheer the return of haven seekers – ANZ

https://www.fxstreet.com/news/gold-price-forecast-xauusd-to-cheer-the-return-of-haven-seekers-anz-202205230647

Gold Price Forecast: XAUUSD to cheer the return of haven seekers – ANZ Rising interest rates and a stronger US dollar have weighed on gold prices recently. Nevertheless, a heavy sell-off in equity markets, amid deteriorat

Gold Price Forecast: XAU/USD renews two-week high past $1,850 as firmer sentiment weighs on USD

https://www.fxstreet.com/news/gold-price-forecast-xau-usd-renews-two-week-high-past-1-850-as-firmer-sentiment-weighs-on-usd-202205230631

Gold Price Forecast: XAU/USD renews two-week high past $1,850 as firmer sentiment weighs on USD Gold (XAU/USD) prices rise to a fresh high in two weeks as the softer US dollar joins cautious optimism during the early Monday morning in Europe. Tha

USD/MYR now seen within 4.3670-4.4010 – UOB

https://www.fxstreet.com/news/usd-myr-now-seen-within-43670-44010-uob-202205231041

USD/MYR now seen within 4.3670-4.4010 – UOB The Malaysian ringgit is expected to trade between 4.3670 and 4.4010 vs. the US dollar in the next weeks, suggested Quek Ser Leang at UOB Group’s Glob

EUR/CHF set to see an eventual test of the late April lows at 1.0189/69 – Credit Suisse

https://www.fxstreet.com/news/eur-chf-set-to-see-an-eventual-test-of-the-late-april-lows-at-10189-69-credit-suisse-202205231228

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USD/CAD surrenders modest intraday gains, flat-lined around 1.2925 region

https://www.fxstreet.com/news/usd-cad-surrenders-modest-intraday-gains-flat-lined-around-12925-region-202205161204

USD/CAD surrenders modest intraday gains, flat-lined around 1.2925 region The USD/CAD pair witnessed good two-way price moves heading into the North American session and was last seen trading in neutral territory, around the

GBP/USD stabilises in mid-1.2200s, bears eye 1.20 level ahead of busy week for UK/US economic events

https://www.fxstreet.com/news/gbp-usd-stabilises-in-mid-12200s-bears-eye-120-level-ahead-of-busy-week-for-uk-us-economic-events-202205161148

GBP/USD stabilises in mid-1.2200s, bears eye 1.20 level ahead of busy week for UK/US economic events GBP/USD has stabilised in the mid-1.2200s on Monday against the backdrop of a nervous start to the week for global risk assets following weaker than e

Russia's Putin: Will react to expansion of military infrastructure in Finland, Sweden

https://www.fxstreet.com/news/russias-putin-will-react-to-expansion-of-military-infrastructure-in-finland-sweden-202205161200

Russia's Putin: Will react to expansion of military infrastructure in Finland, Sweden Russian President Vladimir Putin said on Monday that the expansion of NATO is a problem and it is in the interests of the USA, reported Reuters. Russi

AUD/USD needs recovery in global equities to surge above 0.70 – ING

https://www.fxstreet.com/news/aud-usd-needs-recovery-in-global-equities-to-surge-above-070-ing-202205160718

AUD/USD needs recovery in global equities to surge above 0.70 – ING The aussie has started a week packed with market-moving events in Australia on the backfoot. Still, economists at ING remain tied to global risk senti

GBP/USD consolidates the recovery above 1.2200 ahead of US data

https://www.fxstreet.com/news/gbp-usd-consolidates-the-recovery-above-12200-ahead-of-us-data-202205130855

GBP/USD consolidates the recovery above 1.2200 ahead of US data GBP/USD is moving back and forth in a 20-pips range in the European session, defending minor bids just above the 1.2200 level. The recovery attempt in

Gold Price struggles near multi-month low, flat-lined around $1,820 area

https://www.fxstreet.com/news/gold-price-forecast-xauusd-struggles-near-multi-month-low-flat-lined-around-1-820-area-202205130902

Gold Price struggles near multi-month low, flat-lined around $1,820 area Gold reversed an intraday dip to the $1,810 region and staged modest recovery from over a three-month low touched earlier this Friday. The intraday up

US: Inflation remained hot in April – UOB

https://www.fxstreet.com/news/us-inflation-remained-hot-in-april-uob-202205131049

US: Inflation remained hot in April – UOB Senior Economist at UOB Group Alvin Liew comments on the publication of the US inflation figures for the month of April. Key Takeaways “Even as US CPI

EUR/JPY Price Analysis: Downside pressure seen alleviated above 138.30

https://www.fxstreet.com/news/eur-jpy-price-analysis-downside-pressure-seen-alleviated-above-13830-202205131123

EUR/JPY Price Analysis: Downside pressure seen alleviated above 138.30 Following Thursday’s deep sell-off, EUR/JPY seems to have met some decent contention near 132.60 for the time being. If the recovery picks extra pace,

Fitch Ratings: Global fiscal recovery to slow in 2022 and 2023

https://www.fxstreet.com/news/fitch-ratings-global-fiscal-recovery-to-slow-in-2022-and-2023-202205161051

Fitch Ratings: Global fiscal recovery to slow in 2022 and 2023 In a report published on Monday, Fitch Ratings noted that the global fiscal recovery in 2021 that followed the COVID-19 shock slowed sharply, affected

USD/TRY set sails further north: Next stop seen just above 17.00

https://www.fxstreet.com/news/usd-try-set-sails-further-north-next-stop-seen-just-above-1700-202205161115

USD/TRY set sails further north: Next stop seen just above 17.00 The bearish mood around the Turkish currency remains well and sound and now lifts USD/TRY to new 2022 high past 15.60 at the beginning of the week. US

https://www.fxstreet.com/news/eu-ready-to-suspend-trade-deal-with-the-uk-if-it-unilaterally-revokes-northern-ireland-protocol-bbg-202205111125

USD/CAD established above 1.3000 ahead of US inflation, oil skids below $100.00

EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol - BBG The EU is ready to suspend its post-Brexit trade deal with the UK if the UK unilaterally revokes the Northern Ireland Protocol, reported Bloomberg on

Brexit News: EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol

https://www.fxstreet.com/news/eu-ready-to-suspend-trade-deal-with-the-uk-if-it-unilaterally-revokes-northern-ireland-protocol-bbg-202205111125

EU ready to suspend trade deal with the UK if it unilaterally revokes Northern Ireland Protocol - BBG The EU is ready to suspend its post-Brexit trade deal with the UK if the UK unilaterally revokes the Northern Ireland Protocol, reported Bloomberg on

Crude Oil Futures: Further downside looks unlikely

https://www.fxstreet.com/news/crude-oil-futures-further-downside-looks-unlikely-202205100522

Crude Oil Futures: Further downside looks unlikely CME Group’s flash data for crude oil futures markets showed investors trimmed their open interest positions by around 3.4K contracts at the beginning

USD/RUB eases below 70.00 on fears of Russian sanctions erasing post-covid recovery

https://www.fxstreet.com/news/usd-rub-eases-below-7000-on-fears-of-russian-sanctions-erasing-post-covid-recovery-202205100623

USD/RUB eases below 70.00 on fears of Russian sanctions erasing post-covid recovery USD/RUB drops half a percent as traders fail to extend the previous two-day uptrend heading into Tuesday’s European session. The ruble (RUB) pair drop

Silver Price Analysis: XAG/USD bears have the upper hand below $22.00 mark

https://www.fxstreet.com/news/silver-price-analysis-xag-usd-bears-have-the-upper-hand-below-2200-mark-202205101047

Silver Price Analysis: XAG/USD bears have the upper hand below $22.00 mark Silver struggled to capitalize on its modest intraday recovery move and retreated to the lower end of its daily trading range during the first half of

EUR/GBP clings to gains near 0.8570 area post-German ZEW, bulls eye YTD peak

https://www.fxstreet.com/news/eur-gbp-clings-to-gains-near-08570-area-post-german-zew-bulls-eye-ytd-peak-202205100931

EUR/GBP clings to gains near 0.8570 area post-German ZEW, bulls eye YTD peak The EUR/GBP cross held on to its modest intraday gains, around the 0.8570 region through the first half of the European session and had a rather muted

AUD/USD to slide towards the 0.68 level – ING

https://www.fxstreet.com/news/aud-usd-to-slide-towards-the-068-level-ing-202205100730

AUD/USD to slide towards the 0.68 level – ING The AUD outlook remains a story of conflicting factors. Economists at ING expect the aussie to tick down towards 0.68, however, AUD/USD could see a gr

GBP/USD slides to fresh daily low, remains vulnerable near 1.2300 mark

https://www.fxstreet.com/news/gbp-usd-slides-to-fresh-daily-low-remains-vulnerable-near-12300-mark-202205100806

GBP/USD slides to fresh daily low, remains vulnerable near 1.2300 mark The GBP/USD pair surrendered its modest intraday gains and dropped to a fresh daily low, around the 1.2320-1.2315 region during the early European ses

USD/TRY wakes up and climbs to fresh 2022 highs beyond 15

https://www.fxstreet.com/news/usd-try-wakes-up-and-climbs-to-fresh-2022-highs-beyond-1500-202205101019

USD/TRY wakes up and climbs to fresh 2022 highs beyond 15.00 Finally, some action around the pair. The Turkish lira remains on the back footing and motivates USD/TRY to clinch fresh 2022 highs past the 15.00 mar

China: Trade results hurt by COVID lockdowns – UOB

https://www.fxstreet.com/news/china-trade-results-hurt-by-covid-lockdowns-uob-202205101036

China: Trade results hurt by COVID lockdowns – UOB Economist at UOB Group Ho Woei Chen, CFA, assesses the latest trade balance figures in China and the growth prospects for the next months. Key Takeawa

Gold Price Forecast: XAUUSD to extend its rebound towards $1,880

https://www.fxstreet.com/news/gold-price-forecast-xauusd-to-extend-its-rebound-towards-1-880-202205100558

Gold Price Forecast: XAUUSD to extend its rebound towards $1,880 Gold Price rebounds from near $1,850. As FXStreet’s Dhwanie Mehta notes, XAU/USD could run into offers near $1,880 on road to recovery. Falling trendl

GBP/USD aims to recapture 1.2400 on positive market mood, US inflation sees lower at 8.1%

https://www.fxstreet.com/news/gbp-usd-aims-to-recapture-12400-on-positive-market-mood-us-inflation-sees-lower-at-81-202205100605

GBP/USD aims to recapture 1.2400 on positive market mood, US inflation sees lower at 8.1% The GBP/USD pair is oscillating in a broad range of 1.2260-1.2406 since Thursday. A tad longer consolidation after an intense sell-off is advocating i

EUR/GBP surges to fresh YTD peak, around mid-0.8500s amid BoE-inspired slump in sterling

https://www.fxstreet.com/news/usd-jpy-to-enjoy-further-gains-towards-135-by-year-end-nordea-202205060740

USD/JPY to enjoy further gains towards 135 by year-end – Nordea The yen now stands around 130, a 20-year low versus the US dollar. Economists at Nordea expect the USD/JPY to advance towards the 135 level by year-en

USD/JPY to enjoy further gains towards 135 by year-end – Nordea

https://www.fxstreet.com/news/usd-jpy-to-enjoy-further-gains-towards-135-by-year-end-nordea-202205060740

USD/JPY to enjoy further gains towards 135 by year-end – Nordea The yen now stands around 130, a 20-year low versus the US dollar. Economists at Nordea expect the USD/JPY to advance towards the 135 level by year-en

GBP/USD to decline towards 1.2072/1.2017 as downtrend continues to accelerate – Credit Suisse

https://www.fxstreet.com/news/gbp-usd-to-decline-towards-12072-12017-as-downtrend-continues-to-accelerate-credit-suisse-202205060653

GBP/USD to decline towards 1.2072/1.2017 as downtrend continues to accelerate – Credit Suisse The GBP/USD downtrend has accelerated again. Economists at Credit Suisse maintain a negative outlook for 1.2251 and eventually 1.2072/1.2017. Resistan

EUR/GBP to rise towards 0.86 by year-end as BoE may be close to the top of its tightening cycle – ING

https://www.fxstreet.com/news/eur-gbp-to-rise-towards-086-by-year-end-as-boe-may-be-close-to-the-top-of-its-tightening-cycle-ing-202205060708

EUR/GBP to rise towards 0.86 by year-end as BoE may be close to the top of its tightening cycle – ING Sterling fell sharply yesterday after the Bank of England (BoE) signalled a 'rate protest' to market pricing of its tightening cycle. Economists at IN

USD/JPY Price Analysis: Looks upside to 135.00 on Inverted H&S formation

https://www.fxstreet.com/news/usd-jpy-price-analysis-looks-upside-to-13500-on-inverted-hs-formation-202204210309

USD/JPY Price Analysis: Looks upside to 135.00 on Inverted H&S formation The USD/JPY pair has witnessed a rebound after a minor correction from its multi-year high of 129.41, printed on Wednesday. It won’t be wrong to claim

RBNZ Q1 Sectoral Factor Model Inflation jumps by 4.2% YoY, Kiwi unfazed below 0.6800

https://www.fxstreet.com/news/rbnz-q1-sectoral-factor-model-inflation-jumps-by-42-yoy-kiwi-unfazed-below-06800-202204210312

RBNZ Q1 Sectoral Factor Model Inflation jumps by 4.2% YoY, Kiwi unfazed below 0.6800 The Reserve Bank of New Zealand (RBNZ) released its Sectoral Factor Model Inflation gauge for the first quarter of 2022. The gauge rose to 4.2% YoY in

IMF’s Georgieva: A more prolonged slowdown in China will have global spill over impact

https://www.fxstreet.com/news/imfs-georgieva-a-more-prolonged-slowdown-in-china-will-have-global-spill-over-impact-202204210337

IMF’s Georgieva: A more prolonged slowdown in China will have global spill over impact International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned about the negative impact of a prolonged Chinese slowdown on the globa

USD/CAD drops to two-week low post-Canadian CPI, eyes 1.2500 mark amid weaker USD

https://www.fxstreet.com/news/usd-cad-drops-to-two-week-low-post-canadian-cpi-eyes-12500-mark-amid-weaker-usd-202204201248

USD/CAD drops to two-week low post-Canadian CPI, eyes 1.2500 mark amid weaker USD The USD/CAD pair continued losing ground through the early North American session and dropped to a two-week low in reaction to a stronger Canadian CPI

Key market guage of long-term Eurozone inflation expectations rises to highest since 2012 at over 2.42%

https://www.fxstreet.com/news/key-market-guage-of-long-term-eurozone-inflation-expectations-rises-to-highest-since-2021-at-over-242-202204201256

Key market guage of long-term Eurozone inflation expectations rises to highest since 2021 at over 2.42% A key market guage of long-term Eurozone inflation expectations rose to its highest level since 2012 at over 2.42% on Wednesday, reported Reuters citi