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EUR/JPY Price Forecast: Strengthens above 185.00, while bullish trend eyes consolidation
The EUR/JPY cross gathers strength to near 185.20 during the early European session on Wednesday. The Euro (EUR) edges higher against the Japanese Yen (JPY) amid expectations that the European Central Bank (ECB) would raise rates at its June policy meeting on Thursday.
Fxstreet
Wed, Jun 10
US CPI data set to show inflation at three-year high in May, backing Fed hawkish tilt
The US Bureau of Labor Statistics (BLS) will publish the May Consumer Price Index (CPI) data on Wednesday. The report is expected to show another step up in consumer inflation, driven by the persistently high Oil prices due to the ongoing crisis in the Middle East.
Fxstreet
Wed, Jun 10
EUR/USD Price Forecast: Flattens around 1.1545 ahead of US Inflation data
The EUR/USD pair trades in a tight range around 1.1545 during the Asian trading session on Wednesday. The major currency pair consolidates as the US Dollar (USD) trades calmly ahead of the United States (US) Consumer Price Index (CPI) data for May, which will be published at 12:30 GMT.Fxstreet
Wed, Jun 10
Swiss Franc remains subdued as traders adopt caution due to Middle East concerns
USD/CHF extends its gains for the fourth successive day, trading around 0.7990 during the Asian hours on Wednesday. The pair may further appreciate as the safe-haven demand could support the US Dollar (USD), which could be attributed to the renewed Middle East tensions.
Fxstreet
Wed, Jun 10
New Zealand Dollar holds steady on mixed China's inflation releases, US CPI data looms
The NZD/USD pair holds steady around 0.7030 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) steadies against the US Dollar (USD) following China’s economic data. All eyes will be on the US May Consumer Price Index (CPI) inflation report later on Wednesday.
Fxstreet
Wed, Jun 10
China’s CPI inflation misses expectation in May: What 1.2% mean for the Australian Dollar
China’s Consumer Price Index (CPI) climbed 1.2% in May from a year ago after arriving at a rise of 1.2% in April, the National Bureau of Statistics of China reported on Wednesday. The market consensus was for 1.3% in the reported period.Fxstreet
Wed, Jun 10
Japanese Yen hangs near one-month low vs USD as Mideast tensions counter strong PPI print
The USD/JPY pair enters a bullish consolidation phase during the Asian session on Wednesday and moves little following the release of Japan's stronger-than-expected Producer Price Index (PPI).
Fxstreet
Wed, Jun 10
Euro edges lower below 1.1550 as US launches self-defense strikes against Iran
The EUR/USD pair loses momentum to near 1.1540 during the early Asian session on Wednesday. Renewed tensions in the Middle East following the US attack on Iran drag the Euro (EUR) lower against the US Dollar (USD).Fxstreet
Wed, Jun 10
British Pound Sterling tries retail therapy, hits the usual ceiling
Sterling finally got a piece of good domestic news and managed to enjoy it for about half a session. GBP/USD rallied from just below 1.3350 to a touch above 1.3400 on Tuesday, tagged the 200-day Exponential Moving Average (EMA), and spent the rest of the day leaking back beneath the figure.Fxstreet
Tue, Jun 9
Australian Dollar tests six-week low as Trump rattles markets
The Aussie Dollar edges lower, some 0.25% against the Greenback on Tuesday as the market mood turned sour due to Trump's threats to retaliate against Iran after a helicopter was downed in the Strait of Hormuz. The AUD/USD trades at 0.7027 after testing a six-week low of 0.7005.Fxstreet
Tue, Jun 9
Japanese Yen weakens despite strong Japanese GDP
The USD/JPY pair is trading slightly higher on Tuesday as investors digest stronger Japanese growth figures while maintaining a cautious stance ahead of key United States (US) inflation data. The gopher trades near the 160.30 price zone at the time of writing.Fxstreet
Tue, Jun 9
British Pound firms as US CPI countdown tests USD bulls
The Pound Sterling gains 0.31% on Tuesday as the Greenback trims some of its earlier losses, amid risk appetite souring and traders waiting for the release of US inflation figures and tensions in the Middle East, tempered by US President Trump's demand on Israel and Iran.Fxstreet
Tue, Jun 9
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