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USD/CAD Price Forecast: Edges higher above 1.3600, but bearish bias persists below 100-day EMA
The USD/CAD pair trades with mild gains around 1.3635 during the early European trading hours on Thursday. Hopes for a US-Iran peace deal to end the war drag crude oil prices lower, weighing on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).
Fxstreet
Thu, May 7
Japanese Yen holds steady on intervention fears
The USD/JPY pair trades on a flat note near 156.40 during the early European session on Thursday. The Japanese Yen (JPY) remains in focus after rallying on Wednesday amid suspected speculation that officials are intervening in the market.Fxstreet
Thu, May 7
AUD/USD Price Forecast: Retains bullish bias near 0.7250, multi-year top on softer USD
The AUD/USD pair attracts some dip-buyers during the Asian session on Thursday and stalls the previous day's late pullback from the 0.7275-0.7280 region, or its highest level since June 2022. Spot prices currently trade around mid-0.7200s, up for the third straight day.
Fxstreet
Thu, May 7
AUD/JPY Price Forecast: Grinds higher above 113.00, bullish trend holds above key average
The AUD/JPY cross gathers strength near 113.30 during the early European session on Thursday. The Australian Dollar (AUD) edges higher against the Japanese Yen (JPY) on improved risk sentiment following reports that the United States (US) and Iran are close to a deal to end the war.
Fxstreet
Thu, May 7
GBP/USD Price Forecast: Holds gains near 1.3600 as bullish bias prevails
GBP/USD remains stronger for the third consecutive day, trading around 1.3600 during the Asian hours on Thursday. The technical analysis of the daily chart indicates an improving bullish trend as the pair rebounds from the lower boundary of the ascending channel.Fxstreet
Thu, May 7
EUR/JPY trades flat around 183.75 while investors remain on toes amid intervention hopes
The EUR/JPY pair trades in a tight range around 183.75 during the Asian trading session on Thursday. The pair struggles for a direction as investors remain on the sidelines amid hopes that Japan’s Ministry of Finance (MoF) could intervene again.
Fxstreet
Thu, May 7
NZD/USD gains traction above 0.5950 on US-Iran peace deal hopes
The NZD/USD pair trades in positive territory around 0.5960 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following reports that the United States (US) and Iran are close to a deal to end the war.Fxstreet
Thu, May 7
Canadian Dollar remains flat as crude oil prices decline
USD/CAD remains flat after registering modest gains in the previous trading day, hovering around 1.3630 during the Asian hours on Thursday. The commodity-linked Canadian Dollar (CAD) may struggle amid lower oil prices, given Canada’s status as the largest crude exporter to the United States (US).Fxstreet
Thu, May 7
Japanese Yen consolidates as intervention fears, hawkish BoJ keep USD/JPY below mid-156.00s
The USD/JPY pair struggles to capitalize on the previous day's goodish rebound from its lowest level since February 24, around the 155.00 psychological mark, and oscillates in a narrow band during the Asian session on Thursday.Fxstreet
Thu, May 7
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