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British Pound recovers against US Dollar; outlook remains weak due to Iran worries
The British Pound claws back half of its early losses and rebounds to near 1.3400 against the US Dollar (USD) during the European trading session on Thursday from the intraday low of 1.3367. The recovery move in the GBP/USD pair appears to be short-lived as Middle East conflicts have re-escalated.
Fxstreet
Thu, May 28
Euro hesitates above 0.8650 against the British Pound as Middle East tensions rise
The Euro (EUR) is trading flat against the British Pound (GBP) on Thursday. EUR/GBP bulls are struggling to find acceptance above 0.8660 following a 0.4% rally over the previous two days, although downside attempts remain contained above 0.8655 so far.
Fxstreet
Thu, May 28
EUR/JPY Price Forecast: Loses momentum to near 185.00, but bias stays bullish
The EUR/JPY cross loses momentum to near 185.10 during the early European session on Thursday. Escalations in the US-Iran conflict boost the safe-haven currency, such as the Japanese Yen (JPY) and act as a headwind for the cross.
Fxstreet
Thu, May 28
Euro: Mild downside bias within range against US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann report EUR/USD closed almost unchanged near 1.1625 after a brief spike to 1.1660. They see slightly stronger downside momentum that could test 1.1610, though a move to the key 1.1590 support is viewed as unlikely for now.
Fxstreet
Thu, May 28
Japanese Yen edges down against US Dollar due to Iran tensions but outperforms other
The Japanese Yen (JPY) is marginally lower against the US Dollar (USD), but outperforms its other peers during the late Asian trading session on Thursday. The USD/JPY is slightly higher to near 159.55, close to its four-week high of 159.65 posted earlier in the day.
Fxstreet
Thu, May 28
AUD/USD Price Forecast: On verge of Head and Shoulder breakdown
The Australian Dollar (AUD) slumps over 0.5% to near 0.7100 during the Asian trading session on Thursday. The Aussie par slumps as the antipodean underperforms its peers due to risk-off market sentiment and diminished hawkish Reserve Bank of Australia (RBA) bets.
Fxstreet
Thu, May 28
Silver Price Forecast: XAG/USD falls below $72.50 on US strikes in Iran, bearish technical signals
Silver price (XAG/USD) tumbles to around $72.30, the lowest since May 6, during the early European trading hours on Thursday. The precious metal faces some selling pressure amid renewed tensions between the US and Iran.
Fxstreet
Thu, May 28
Euro weakens below 1.1650 as US military carries out new strikes in Iran
The EUR/USD pair trades in negative territory around 1.1620 during the early Asian session on Thursday. Escalating tensions between the United States (US) and Iran continue to weigh on riskier assets, such as the Euro (EUR), against the US Dollar (USD).Fxstreet
Thu, May 28
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