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Japanese Yen: Volatile swings keep JPY range-bound against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY’s brief spike to 160.69 followed by a drop to 159.64 has left the intraday outlook mixed, with trading expected between 159.70 and 160.40.
Fxstreet
Fri, Jun 12
New Zealand Dollar weakens below 0.5850 as hot US PPI lifts US Dollar
The NZD/USD pair attracts some sellers to around 0.5820 during the early European trading hours on Friday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) on hot US Producer Price Index (PPI) inflation data.
Fxstreet
Fri, Jun 12
British Pound responds slightly positive to 0.1% decline in UK GDP in April
The British Pound (GBP) attracts slight bids against its major currency peers after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for April. The GBP/USD claws back a majority of its early losses and rebounds to near 1.3410.
Fxstreet
Fri, Jun 12
Canadian Dollar softens on strong US PPI data, US-Iran peace deal uncertainty
The USD/CAD pair gains traction to near 1.3980 during the early European trading hours on Friday, bolstered by hot US inflation data. Traders will closely monitor the developments surrounding the US-Iran peace deal.
Fxstreet
Fri, Jun 12
British Pound: Bullish bias within higher band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that GBP/USD’s surge to 1.3434 has stretched short-term conditions, but further gains toward a retest of 1.3435 remain possible, with 1.3465 unlikely to break.Fxstreet
Fri, Jun 12
Silver Price Forecast: XAG/USD could rebound toward $67.00 amid potential bullish reversal
XAG/USD edges lower after registering over 6% gains in the previous day, trading around $67.00 per troy ounce during the Asian hours on Friday. The technical analysis of the daily chart shows a falling wedge pattern, which suggests a strong bullish reversal.
Fxstreet
Fri, Jun 12
AUD/JPY Price Forecast: Drifts higher above 112.50, upside momentum fades but remains bullish
The AUD/JPY cross trades in positive territory around 112.80 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on hopes that a Middle East peace deal may finally materialize.
Fxstreet
Fri, Jun 12
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