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EUR/GBP Price Forecast: Bulls might find resistance above 0.8720
The Euro received a boost from French PM Sébastien Lecornu’s victory in two no-confidence votes on Thursday. The pair bounced up from 0.8665 and retraced Wednesday’s losses, aiming for the top of the recent range, in the area of 0.8720-0.8730.
Fxstreet
Fri, Oct 17
USD/CAD Price Forecast: Hovers around 1.4050 within overbought territory
USD/CAD inches lower after registering gains in the previous session, trading around 1.4050 during the early European hours on Friday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Fxstreet
Fri, Oct 17
USD/INR declines at open amid US-China trade frictions
The Indian Rupee (INR) opens higher against the US Dollar (USD) on Friday. The USD/INR pair slides to near 87.80 as the US Dollar faces a sharp selling pressure due to ongoing United States (US)-China trade frictions and firm expectations that the Federal Reserve (Fed) will cut interest rates two moFxstreet
Fri, Oct 17
NZD/USD Price Forecast: Targets nine-day EMA barrier near 0.5750
NZD/USD gains ground after a flat performance in the previous session, trading around 0.5730 during the Asian hours on Friday. The daily chart’s technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.
Fxstreet
Fri, Oct 17
EUR/GBP holds positive ground above 0.8700 as political crisis in France eases
The EUR/GBP cross trades on a stronger note near 0.8705 during the early European session on Friday. The Euro (EUR) edges higher against the Pound Sterling (GBP) after the French government survived a no-confidence vote.Fxstreet
Fri, Oct 17
GBP/JPY trades vulnerably near 201.60 as Japanese Yen outperforms its peers
The GBP/JPY pair trades 0.2% lower to near 201.60 during the late Asian trading session Friday. The pair faces selling pressure as the Japanese Yen (JPY) outperforms its peers despite uncertainty surrounding the monetary policy announcement by the Bank of Japan (BoJ) later this month.
Fxstreet
Fri, Oct 17
USD/CHF falls to two-week low, bears flirt with 0.7900 amid sustained USD selling
The USD/CHF pair continues losing ground for the fourth successive day – also marking the fifth day of a negative move in the previous six– and drops to an over two-week low during the Asian session on Thursday.Fxstreet
Fri, Oct 17
AUD/JPY Price Forecast: Bullish tone remains intact above 97.00
The AUD/JPY cross extends the decline to around 97.10 during the Asian trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid concerns over escalating US-China trade tensions and geopolitical uncertainties.
Fxstreet
Fri, Oct 17
GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further
The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.Fxstreet
Fri, Oct 17
USD/CAD softens below 1.4050 as US government shutdown continues
The USD/CAD pair loses ground near 1.4040 during the Asian trading hours on Friday. The US Dollar (USD) softens against the Canadian Dollar (CAD) as global trade tensions and signs of weakening in the US economy bolster the case for further rate cuts by the Federal Reserve (Fed).Fxstreet
Fri, Oct 17
Silver Price Forecast: XAG/USD tumbles to near $53.50 on profit-taking
Silver price (XAG/USD) slumps to near $53.65 during the Asian trading hours on Friday. The white metal retreats from a record high of $54.86 in the previous session. However, the potential downside for Silver might be limited amid robust safe-haven demand and US interest rate expectations.
Fxstreet
Fri, Oct 17
Australian Dollar steadies as traders adopt caution due to ongoing US-China feud
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, after registering losses in the previous session. The AUD/USD pair may lose ground as the AUD could struggle due to escalating United States (US)-China trade tensions.
Fxstreet
Fri, Oct 17
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