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EUR/GBP Price Forecast: Cross remains capped below Key SMAs despite tentative rebound
EUR/GBP trades choppy on Thursday, with the British Pound (GBP) modestly outperforming the Euro (EUR) on the back of resilient UK economic data, while traders also assess growing political noise in the United Kingdom.
Fxstreet
Thu, May 14
Australian Dollar: Needs break above 0.7280 versus US Dollar – UOB
UOB economists Quek Ser Leang and Lee Sue Ann highlight that AUD/USD extended beyond the expected range to 0.7272, but near-term momentum still looks modest. Intraday, further gains are possible yet seen unlikely to reach 0.7280, with support at 0.7245 and 0.7230.Fxstreet
Thu, May 14
Japanese Yen clings to losses against US Dollar as hawkish Fed bets escalate
The Japanese Yen (JPY) reflects weakness against the US Dollar (USD) during the European trading session on Thursday, with the USD/JPY pair holding onto the two-week high near 158.00. The pair remains firm due to the continued outperformance of the US Dollar.Fxstreet
Thu, May 14
Euro consolidates losses against the British Pound, following upbeat UK data
The Euro (EUR) remains practically flat around the 0.8660 area against the British Pound (GBP) on Thursday. UK Gross Domestic Product (GDP) and Manufacturing Production figures beat expectations in March, but the growing political uncertainty is keeping the pair from dropping further.Fxstreet
Thu, May 14
AUD/USD Price Forecast: Hovers around 0.7250 near nine-day EMA support
AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.Fxstreet
Thu, May 14
British Pound holds above 1.3500, as UK GDP, manufacturing data beat expectations
The Pound (GBP) remains practically flat against the US Dollar (USD) on Thursday, trading at 1.3520 at the moment of writing, and consolidating losses after pulling back from 1.3650 highs earlier in the week.
Fxstreet
Thu, May 14
Japanese Yen: Weakens as Dollar rally extends – MUFG
Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.Fxstreet
Thu, May 14
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