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USD/CAD Price Forecast: Trades below 1.3600, nine-day EMA as bearish bias prevails
USD/CAD extends its losses for the second successive day, trading around 1.3590 during the early European hours on Wednesday. However, the technical analysis of the daily chart indicates the pair is positioned within the descending channel pattern, signaling an ongoing bearish bias.
Fxstreet
Wed, May 6
GBP/JPY pares suspected JPY intervention-inspired losses; stays pressured below 213.00
The GBP/JPY cross retreated nearly 350-pips from the weekly top, around the 214.20-214.25 region set earlier this Wednesday, amid another suspected government intervention to prop up the Japanese Yen (JPY).
Fxstreet
Wed, May 6
NZD/USD Price Forecast: Hits eight-week highs above 0.5950 as risk appetite returns
The New Zealand Dollar (NZD) is rallying sharply against the US Dollar (USD) on Wednesday, as comments from US officials suggesting the war with Iran might be nearing its end have boosted investors’ appetite for risk.
Fxstreet
Wed, May 6
EUR/USD edges higher above 1.1700 amid hopes for a US-Iran peace deal
The EUR/USD pair gathers strength around 1.1730 during the early European trading hours on Wednesday. The Euro (EUR) edges higher against the US dollar (USD) amid hopes for a US-Iran peace deal. Traders will keep an eye on the release of the US ADP April Employment Change report later on Wednesday.Fxstreet
Wed, May 6
EUR/JPY bounces to 183.40 after dropping to 182.05 in a suspected intervention
The Euro (EUR) has dropped sharply against the Japanese Yen (JPY) on Wednesday, falling from levels just below 185.00 to 182.05 before returning to 183.40 at the time of writing. Similar moves in other Yen crosses point to another intervention of the Japanese Ministry of Finance (MOF)-
Fxstreet
Wed, May 6
AUD/JPY Price Forecast: Tumbles Below 113.00 on Suspected Yen Intervention, Uptrend Still Intact
The AUD/JPY cross tumbles to near 112.75 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) on suspected interventions from Japanese authorities.
Fxstreet
Wed, May 6
USD/CHF falls to near 0.7800 as US Dollar struggles on risk-on mood
USD/CHF loses ground for the second successive day, trading around 0.7800 during the Asian hours on Wednesday. The pair declines as the US Dollar (USD) weakens amid rising optimism that Washington could secure a deal with Iran.
Fxstreet
Wed, May 6
Breaking: Japanese Yen strengthens on suspected FX intervention
The USD/JPY pair falls to around 156.15 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens on suspected massive government interventions aimed at curbing its weakness against the US Dollar (USD).
Fxstreet
Wed, May 6
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