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AUD/JPY Price Forecast: Softens below 113.50 on fresh intervention rhetoric, while staying bullish
The AUD/JPY cross trades in negative territory around 113.35 during the early European trading hours on Friday. Fears of possible intervention from Japanese officials provide some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
AUD/JPY
Fxstreet
Fri, Jul 17
Canadian Dollar holds near one-month top as bullish oil offsets Fed hike bets and firm USD
The USD/CAD pair struggles to capitalize on the overnight bounce from the vicinity of the 1.4000 psychological mark, or a one-month low, and attracts some sellers during the Asian session on Friday.
USD/CAD
Fxstreet
Fri, Jul 17
Swiss Franc steadies against Dollar as US-Iran tensions counter shifting Fed outlook
USD/CHF holds ground after registering modest gains in the previous day, trading around 0.8090 during the Asian hours on Friday. The pair could rise as the US Dollar (USD) receives support from escalating developments surrounding conflicts in the Middle East.
USD/CHF
Fxstreet
Fri, Jul 17
EUR/JPY Price Forecast: Remains below ascending triangle top near 186.00
EUR/JPY extends its losses for the second consecutive day, trading around 185.70 during the Asian hours on Friday. The currency cross is holding above both the nine-period and 50-period Exponential Moving Averages (EMAs), which reinforces a constructive near-term bias.
EUR/JPY
Fxstreet
Fri, Jul 17
Japanese Yen softens on renewed US-Iran tensions, Japan flags intervention risk
The USD/JPY pair posts modest gains near 162.40 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as the United States (US) launches a new wave of strikes against Iran for a sixth night in a row.
USD/JPY
Fxstreet
Fri, Jul 17
Australian Dollar moves away from three-week top as geopolitics and Fed hike bets lift USD
The AUD/USD pair remains on the back foot for the second straight day and slides to the 0.7980 region during the Asian session on Friday.
AUD/USD
Fxstreet
Fri, Jul 17
British Pound weakens below 1.3500 as US launches new wave of strikes against Iran
The GBP/USD pair trades on a softer note around 1.3470 during the Asian trading hours on Friday. Geopolitical tensions in the Middle East trigger risk-off market sentiment and weigh on the Cable. The preliminary reading of the Michigan Consumer Sentiment Index for July is due later on Friday.
GBP/USD
Fxstreet
Fri, Jul 17
Silver Price Forecast: XAG/USD falls to near $55.50 amid interest rate concerns
Silver price (XAG/USD) remains subdued for the third successive day, trading around $55.50 per troy ounce during the Asian hours on Thursday. Silver is on track to drop over 7% this week as escalating Middle East tensions drive oil prices up.
Fxstreet
Fri, Jul 17
PBOC sets USD/CNY reference rate at 6.7934 vs. 6.7909 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7934 compared to the previous day's fix of 6.7909 and 6.7734 Reuters estimate.
USD/CNH
Fxstreet
Fri, Jul 17
New Zealand Dollar rises amid sticky inflation fears, escalating Middle East tensions
NZD/USD inches higher after posting minor losses in the previous day, trading around 0.5840 during the Asian hours on Friday. The currency pair remains stronger as the New Zealand Dollar (NZD) holds its ground following the release of the country's latest food price data.
NZD/USD
Fxstreet
Fri, Jul 17
The Japanese Yen is boxed between a floor it hates and a ceiling nobody trusts
Dollar-Yen has spent the week doing almost nothing at the most dramatic level in four decades.
USD/JPY
Fxstreet
Thu, Jul 16
The Australian Dollar stalls exactly where everybody said it would
The Australian Dollar is going nowhere with great precision, with AUD/USD flat on the session and pinned to the 0.7000 handle for a fourth consecutive day.
AUD/USD
Fxstreet
Thu, Jul 16
The British Pound Sterling gets a new Prime Minister and an old problem
Sterling is enduring its heaviest session of the month, with GBP/USD fading around half of one percent to just below 1.3500 after the week's advance stalled short of 1.3550 for a second consecutive day.
GBP/USD
Fxstreet
Thu, Jul 16
GBP/JPY Price Forecast: Retreats from 18-year high, struggles at 220
The GBP/JPY retreats some 0.34% on Thursday after the pair reached a new 18-year high of 219.62 on Wednesday. Nevertheless, at the time of writing, the cross-pair retreated to 218.80, down 0.34%, as the Yen recovers some ground.
GBP/JPY
Fxstreet
Thu, Jul 16
USD/CHF Price Forecast: Rebounds at 0.8042 support, bulls target 0.81
The USD/CHF reversed course, rising by over 0.40% as the Greenback staged a recovery amid overall risk aversion, heightened tensions in the Middle East, and strong US economic data. The pair trades at 0.8088 after bouncing off daily lows of 0.8045.
USD/CHF
Fxstreet
Thu, Jul 16
Mexican Peso drops as risk aversion underpins the US Dollar
The Mexican Peso depreciated by about 0.30% on Thursday as market participants turned risk-averse amid an escalation of the Middle East conflict, which has driven energy prices higher.
USD/MXN
Fxstreet
Thu, Jul 16
Euro falls as strong US jobless claims support US Dollar
EUR/USD trades lower near the 1.1440 area on Thursday, retreating around 0.2% as the US Dollar (USD) gains support from stronger-than-expected United States (US) labor market data.
EUR/USD
Fxstreet
Thu, Jul 16
Silver Price Forecast: XAG/USD tests the $55 floor as sellers retain control
Silver (XAG/USD) extends its decline on Thursday as the US Dollar (USD) rebounds and US Treasury yields stabilize following a two-day drop driven by softer-than-expected US inflation data. At the time of writing, XAG/USD trades around $55.75, down 3.50% on the day.
US Dollar Index
Fxstreet
Thu, Jul 16
British Pound: Dips against US Dollar seen as buying opportunity – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note GBP/USD is slightly weaker as it gives back part of yesterday’s strong advance, helped by expectations of a centrist, market-friendly Burnham government.
GBP/USD
US Dollar Index
Fxstreet
Thu, Jul 16
Euro edges lower against the Japanese Yen despite ECB rate hike expectations
EUR/JPY trades around 185.80 at the time of writing on Thursday, little changed on the day after reaching a one-month high earlier this week.
EUR/JPY
Fxstreet
Thu, Jul 16
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