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GBP/USD Price Forecast: Reaches fresh three-month highs above 1.3550
GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought.
Fxstreet
Tue, Jan 6
EUR/JPY Price Forecast: Gains to near 183.50 on BoJ rate hike uncertainty, bullish bias persists
The EUR/JPY cross gathers strength to around 183.50 during the early European trading hours on Tuesday. The Japanese Yen (JPY) weakens against the Euro (EUR) due to the uncertainty over the timing of the next Bank of Japan’s (BoJ) rate hike and a positive risk tone.
Fxstreet
Tue, Jan 6
USD/INR opens lower as safe-haven demand of US Dollar diminishes
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Tuesday after a three-day losing streak. The USD/INR pair corrects to near 90.35 as the US Dollar Index (DXY) falls back sharply after posting a fresh over-a-three-week low at 98.86 on Monday.Fxstreet
Tue, Jan 6
NZD/USD edges higher to near 0.5800 as US manufacturing data disappoints
The NZD/USD pair trades in positive territory for the third consecutive day around 0.5800 during the Asian session on Tuesday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) on weaker-than-expected US economic data.Fxstreet
Tue, Jan 6
USD/CAD steadies near 1.3750 as US Dollar slips, Oil weighs on Canadian Dollar
USD/CAD holds ground after registering mild gains in the previous two successive sessions, trading around 1.3760 during the Asian hours on Tuesday. The pair shows limited movement as the US Dollar (USD) ticks lower, with concerns about a broader geopolitical escalation easing.
Silver Price Forecast: XAG/USD jumps above $76.50 as Venezuela tensions boost safe-haven demand
Silver price (XAG/USD) trades in positive territory near $76.55 during the Asian trading hours on Tuesday. The white metal extends its upside on safe-haven flows following the United States' (US) capture of Venezuelan President Nicolas Maduro.
Fxstreet
Tue, Jan 6
AUD/USD strengthens above 0.6700 as traders await US data
The AUD/USD pair gains traction near 0.6715 during the early Asian session on Tuesday, bolstered by a softer US Dollar (USD). Traders await a raft of key US economic data this week, including Nonfarm Payrolls (NFP), for clues on the monetary policy outlook.Fxstreet
Mon, Jan 5
AUD/JPY Price Forecast: Slips as BoJ’s Ueda signals rate hikes
The Australian Dollar retreats against the Japanese Yen on Monday, down 0.05% after Bank of Japan Governor Kazuo Ueda revealed that the BoJ would hike rates “if economic and inflation trends align with our projections.” At the time of writing, the AUD/JPY trades at 105.00 almost unchanged.
Fxstreet
Mon, Jan 5
GBP/USD reclaims 1.3500 as Dollar falters on geopolitical shock, weak US data
GBP/USD surges over 0.29% on Monday as the Greenback erases earlier gains sponsored by risk aversion in the FX space courtesy of geopolitical developments over the weekend. The pair trades at 1.3500 after bouncing off daily lows of 1.3414.Fxstreet
Mon, Jan 5
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