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USD/CAD Price Forecast: Tests initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3710 during the European hours on Wednesday. The daily chart's technical analysis suggested a persistent bearish sentiment, as the pair consolidates within the descending channel pattern.
Fxstreet
Wed, Jun 4
Russian finance ministry plans to continue forex purchases in coming month
MOSCOW, June 4 (Reuters) - The Russian Finance Ministry announced on Wednesday that it plans to continue buying foreign currency and gold for the budget reserve National Wealth Fund (NWF) in the coming month. The ministry said it will buy forex and gold for 28.3 billion roubles for the period from J...Reuters
Wed, Jun 4
AUD/USD: Expected to trade in a range between 0.6445 and 0.6490 – UOB Group
Australian Dollar (AUD) is expected to trade in a range between 0.6445 and 0.6490 against US Dollar (ISD). In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 4
GBP/USD: A sustained advance can be expected above 1.3600 – UOB Group
Current price movements are likely part of a 1.3490/1.3555 range trading phase. In the longer run, Pound Sterling (GBP) must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Jun 4
AUD/USD is looking for direction around 0.6450 ahead of US employment data
The Australian Dollar is practically flat on the daily chart, moving back and forth around the 0.6450 area, following a reversal from the 0.6500 area on Thursday, after downbeat data and dovish RBA minutes.The minutes of the latest RBA monetary policy meeting revealed that the bank considered a 50 bFxstreet
Wed, Jun 4
EUR/GBP steadies near 0.8400 following PMI data from Eurozone, Germany
EUR/GBP moves little after registering losses in the previous session, trading around 0.8420 during the European hours on Wednesday. The currency cross remains steady after the Purchasing Managers’ Index (PMI) data was released from the Eurozone and Germany.
Fxstreet
Wed, Jun 4
FOREX-Dollar slips with focus on trade tensions and economic data
US doubles steel duties on Wednesday, to receive 'best offers' from trade partnersTrump to speak this week with China's Xi amid clash over tariff truceUS ADP data and ISM services report awaitedBy Kevin Buckland and Johann M Cherian TOKYO, June 4 (Reuters) - The dollar slipped against...Reuters
Wed, Jun 4
NZD/USD Price Forescast: Support at 0.6000 area keeps the upward trend intact
The New Zealand Dollar turned lower on Tuesday, weighed by a stronger US Dollar, but downside attempts have been contained at the 0.5990-0.6000 area, which keeps the broader upward trend intact.The Kiwi retreated from year-to-date highs, at 0.6050, following stronger-than-expected US job openings nu
Fxstreet
Wed, Jun 4
EUR/JPY gains traction above 163.50 amid risk-on sentiment
The EUR/JPY cross gains ground to near 163.80 during the early European session on Wednesday. The Japanese Yen (JPY) weakens against the Euro (EUR) due to the cautious remarks from the Bank of Japan (BoJ) Governor Kazuo Ueda and the improved risk sentiment.
Fxstreet
Wed, Jun 4
