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EUR/USD Price Forecast: Trades near crucial level of 1.1550
The Euro (EUR) trades 0.15% higher at around 1.1550 against the US Dollar (USD) during the European trading session on Wednesday. The major currency pair gains as the US Dollar faces selling pressure ahead of a busy North American session.
Fxstreet
Wed, Aug 5
Silver Price Forecasts: XAG/USD, capped below $62.00 but steady near one-month highs
Silver (XAG/USD) has found some resistance at the $61.90 area on Wednesday, before pulling back to $61.24 at the moment of writing, but remains above the top of the last four weeks’ range, at the $60.90 area.Fxstreet
Wed, Aug 5
British Pound extends gains to 212.50 against the Yen after upbeat UK services data
The British Pound (GBP) extends gains for the second consecutive day against the Japanese Yen (JPY) on Wednesday, with the GBP/JPY pair holding around 212.30 after bouncing from five-month lows at 209.55 on Monday.
Fxstreet
Wed, Aug 5
Japanese Yen: Gains seen while below 160.00 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as muted, with the pair confined to 157.15–157.95 and momentum turning flat. They expect intraday range trading between 157.00 and 158.30.
Fxstreet
Wed, Aug 5
New Zealand Dollar comes under pressure after sharp deterioration in labor market
NZD/USD declines to around 0.5860 on Wednesday at the time of writing, down 0.54% on the day, following the release of weaker-than-expected New Zealand employment data. The New Zealand Dollar (USD) comes under selling pressure as investors reassess the outlook for monetary policy.
Fxstreet
Wed, Aug 5
Australian Dollar flattens against USD in countdown to US ADP labor data
The Australian Dollar (AUD) trades flat against the US Dollar (USD) at around 0.7050 during the European trading session on Wednesday. The Aussie pair struggles for a direction as investors await the United States (US) ADP Employment Change data for July, which will be published at 12:15 GMT.
Fxstreet
Wed, Aug 5
British Pound grinds higher above 1.3450 ahead of US ADP Employment release
The GBP/USD pair posts modest gains near 1.3455 during the early European session on Wednesday, bolstered by softer US economic data and cooling US-Iran tensions. Traders brace for the US ADP Employment and ISM Services Purchasing Manager Index (PMI) reports, which are due on Wednesday.Fxstreet
Wed, Aug 5
Euro: Mild upside toward 1.1565 cap against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlights that EUR/USD firmed to 1.1529, with short‑term momentum turning slightly higher. They see scope for the Euro to edge up but doubt an intraday break of 1.1565, with 1.1545 as nearer resistance and 1.1515/1.1500 as supports.Fxstreet
Wed, Aug 5
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