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USD/CHF Price Forecast: Stalls below 0.8000 with bulls still in control
The US Dollar (USD) posts marginal losses against the Swiss Franc (CHF) on Tuesday, with bulls capped near the 0.8000 psychological level. Downside attempts, however, remain contained above 0.7965, so far keeping the pair steady at two-month highs for now.
Fxstreet
Tue, Jun 9
Silver Price Forecast: XAG/USD holds gains above $68.50 despite ongoing bearish bias
XAG/USD extends its gains for the second consecutive day, trading around $68.60 per troy ounce during the European hours on Tuesday. Silver is retaining a bearish near-term bias as it holds below both the nine-day and 50-day Exponential Moving Averages (EMAs).
Fxstreet
Tue, Jun 9
Australian Dollar picks up amid easing geopolitical tensions, bright data from China
The Australian Dollar (AUD) posts moderate gains against the US Dollar (USD) on Tuesday, regaining some of the ground lost last week, although it remains at its lowest level in nearly two months. News that Israel and Iran halted hostilities has triggered a mild relief rally.Fxstreet
Tue, Jun 9
GBP/USD Price Forecast: Overall trend appears sideways amid Triangle formation
The GBP/USD pair trades 0.26% higher at around 1.3375 during the European trading session on Tuesday. The Cable gains as the US Dollar (USD) declines amid expectations that the United States (US) could reach a deal with Iran soon.
Fxstreet
Tue, Jun 9
Euro holds losses against British Pound despite stronger Germany’s Industrial Production data
The EUR/GBP cross holds negative ground near 0.8640 during the early European trading hours on Tuesday. The Euro (EUR) remains weak against the British Pound (GBP) despite the stronger German Industrial Production.
Fxstreet
Tue, Jun 9
Euro gains ground to near 1.1550 on ECB rate hike bets
The EUR/USD pair gathers strength near 1.1545 during the early European trading hours on Tuesday, bolstered by the hawkish stance of the European Central Bank (ECB). Traders brace for the US Consumer Price Index (CPI) data on Wednesday.
Fxstreet
Tue, Jun 9
Japanese Yen hangs near one-month low vs USD; bears seem hesitant amid intervention risks
The USD/JPY pair struggles to build on a modest Asian session uptick on Tuesday and remains below its highest level since April 30, set the previous day. Spot prices, however, hold above the 160.00 psychological mark and seem unaffected by a broadly weaker US Dollar (USD).Fxstreet
Tue, Jun 9
Indian Rupee rebounds as oil prices slump on Iran-Israel truce
The Indian Rupee (INR) rebounds against the US Dollar (USD) at open on Tuesday after a sharp decline the previous day. The USD/INR pair drops to near 95.50 as oil prices tumble, following reports of a ceasefire between Israel and Iran after the exchange of attacks over the weekend.
Fxstreet
Tue, Jun 9
EUR/JPY Price Forecast: Strengthens above 184.50 with bullish tone despite intervention risks
The EUR/JPY cross holds positive ground around 184.85 during the early European session on Tuesday. A hawkish stance from the European Central Bank (ECB) underpins the Euro (EUR) against the Japanese Yen (JPY). The ECB will hold its June monetary policy meeting on Thursday.
Fxstreet
Tue, Jun 9
NZD/USD Price Forecast: New Zealand Dollar steadies above 0.5800 as neutral bias prevails
NZD/USD gains ground for the second successive day, trading around 0.5810 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is moving sideways within a rectangle pattern, reflecting a period of market consolidation and indecision.Fxstreet
Tue, Jun 9
Australian Dollar remains calm despite strong China Trade Balance data
The Australian Dollar (AUD) remains steady against its major currency peers, trading flat around 0.7050 during the Asian trading session on Tuesday. The Aussie pair consolidates even as the Chinese Trade Balance data for May has come in stronger than expected.Fxstreet
Tue, Jun 9
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