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Australian Dollar remains subdued despite RBA rate hike
AUD/USD holds losses for the second consecutive day, hovering around 0.7160 during the Asian hours on Tuesday. The Australian Dollar (AUD) moves little following the release of the Reserve Bank of Australia’s (RBA) policy decision.
Fxstreet
Tue, May 5
USD/CHF inches higher to near 0.7850 ahead of Swiss CPI data
USD/CHF holds ground for the third consecutive day, trading around 0.7840 during the Asian hours on Tuesday. The Swiss Federal Statistical Office is set to release the April Consumer Price Index (CPI) data later in the day.
Fxstreet
Tue, May 5
Silver Price Forecast: XAG/USD slumps below $73.00 under 100-day EMA as downside pressure persists
Silver price ( XAG/USD) tumbles to near $72.85 during the Asian trading hours on Tuesday. The white metal remains under selling pressure amid intensifying tensions in the Middle East. Reports of Iranian attacks on vessels in the Strait of Hormuz boost crude oil prices, fueling inflation fears.
Fxstreet
Tue, May 5
EUR/USD Price Forecast: Tests 50-day EMA support after slipping below 1.1700
EUR/USD moves little after two days of losses, trading around 1.1690 during the Asian hours on Tuesday. The daily chart technical analysis indicates a potential for a bearish reversal, as the pair is testing the lower boundary of the ascending channel.
Fxstreet
Tue, May 5
EUR/USD edges lower below 1.1700 as Iran-UAE conflict boosts US Dollar
The EUR/USD pair trades in the negative territory around 1.1690 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) amid rising tensions in the Middle East after Iran attacked the United Arab Emirates (UAE).Fxstreet
Mon, May 4
GBP/JPY Price Forecast: To consolidate after testing the 100-day SMA
The GBP/JPY fell by some 0.23% during Monday’s session as the safe-haven appeal of the Japanese Yen weighed on the pair, which continues to digest price action in the aftermath of Japanese authorities' intervention in the FX markets.
Fxstreet
Mon, May 4
RBA set to raise interest rate amid war-driven inflation
The Reserve Bank of Australia (RBA) is having a monetary policy meeting this week and will deliver its decision on Tuesday. Market participants expect the Board to deliver a 25 basis points (bps) interest rate hike, the third consecutive one.Fxstreet
Mon, May 4
NZD/USD pressured ahead of key data as USD strength dominates sentiment
The NZD/USD pair is trading with a soft tone near the 0.5870 level on Tuesday, struggling to gain traction as the US Dollar (USD) remains broadly supported by safe-haven demand amid ongoing geopolitical tensions.Fxstreet
Mon, May 4
AUD/USD slips below 0.72 as RBA decision looms
AUD/USD declined around 0.5% on Monday, settling close to 0.7170 after dipping as low as 0.7150 during the session. The pullback followed Friday's four-year high above 0.7225, with bullish momentum waning through the new week as price drifted lower beneath the 0.7200 handle.Fxstreet
Mon, May 4
Silver Price Analysis: Bearish engulfing pattern forms, eyes on $70
Silver price (XAG/USD) tumbles over 3% on Monday as the Greenback rises due to its safe-haven appeal, as the US-Iran exchange blows in the Strait of Hormuz as the US Navy embarks on Trump’s Operation Freedom. The XAG/USD trades at $72.74 after reaching a high of $76.00.Fxstreet
Mon, May 4
NZD/USD declines as Middle East tensions bolster US Dollar, RBNZ stays cautious
NZD/USD trades around 0.5868 on Monday at the time of writing, down 0.52% on the day. The pair remains under pressure amid an environment marked by heightened geopolitical uncertainty, which typically supports safe-haven assets and the US Dollar (USD).Fxstreet
Mon, May 4
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