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GBP/USD Price Forecast: Overall trend appears sideways amid Triangle formation
The GBP/USD pair trades 0.26% higher at around 1.3375 during the European trading session on Tuesday. The Cable gains as the US Dollar (USD) declines amid expectations that the United States (US) could reach a deal with Iran soon.
Fxstreet
Tue, Jun 9
Euro holds losses against British Pound despite stronger Germany’s Industrial Production data
The EUR/GBP cross holds negative ground near 0.8640 during the early European trading hours on Tuesday. The Euro (EUR) remains weak against the British Pound (GBP) despite the stronger German Industrial Production.
Fxstreet
Tue, Jun 9
Euro gains ground to near 1.1550 on ECB rate hike bets
The EUR/USD pair gathers strength near 1.1545 during the early European trading hours on Tuesday, bolstered by the hawkish stance of the European Central Bank (ECB). Traders brace for the US Consumer Price Index (CPI) data on Wednesday.
Fxstreet
Tue, Jun 9
Japanese Yen hangs near one-month low vs USD; bears seem hesitant amid intervention risks
The USD/JPY pair struggles to build on a modest Asian session uptick on Tuesday and remains below its highest level since April 30, set the previous day. Spot prices, however, hold above the 160.00 psychological mark and seem unaffected by a broadly weaker US Dollar (USD).Fxstreet
Tue, Jun 9
Indian Rupee rebounds as oil prices slump on Iran-Israel truce
The Indian Rupee (INR) rebounds against the US Dollar (USD) at open on Tuesday after a sharp decline the previous day. The USD/INR pair drops to near 95.50 as oil prices tumble, following reports of a ceasefire between Israel and Iran after the exchange of attacks over the weekend.
Fxstreet
Tue, Jun 9
EUR/JPY Price Forecast: Strengthens above 184.50 with bullish tone despite intervention risks
The EUR/JPY cross holds positive ground around 184.85 during the early European session on Tuesday. A hawkish stance from the European Central Bank (ECB) underpins the Euro (EUR) against the Japanese Yen (JPY). The ECB will hold its June monetary policy meeting on Thursday.
Fxstreet
Tue, Jun 9
NZD/USD Price Forecast: New Zealand Dollar steadies above 0.5800 as neutral bias prevails
NZD/USD gains ground for the second successive day, trading around 0.5810 during the Asian hours on Tuesday. Technical analysis of the daily chart suggests the spot price is moving sideways within a rectangle pattern, reflecting a period of market consolidation and indecision.
Fxstreet
Tue, Jun 9
Australian Dollar remains calm despite strong China Trade Balance data
The Australian Dollar (AUD) remains steady against its major currency peers, trading flat around 0.7050 during the Asian trading session on Tuesday. The Aussie pair consolidates even as the Chinese Trade Balance data for May has come in stronger than expected.
Fxstreet
Tue, Jun 9
Swiss Franc steadies as easing safe-haven demand weighs on US Dollar
USD/CHF inches lower after two days of gains, trading around 0.7970 during the Asian hours on Tuesday. The pair has depreciated alongside a declining US Dollar (USD) following a breakthrough agreement between Iran and Israel to halt mutual attacks.
Fxstreet
Tue, Jun 9
Canadian Dollar bounces off late March low vs softer USD; weak Oil prices cap gains
The USD/CAD pair edges lower during the Asian session on Tuesday, eroding part of the previous day's gains to its highest level since late March. Spot prices, however, lack follow-through selling and currently trade just below mid-1.3900s, down less than 0.05% for the day.Fxstreet
Tue, Jun 9
Silver Price Forecast: XAG/USD inches lower to near $68.00 amid rising Fed rate hike bets
Silver price (XAG/USD) pares its recent gains from the previous day, trading around $67.90 per troy ounce during the Asian hours on Tuesday. Uncertainty in the Middle East and rising bets on a United States (US) interest rate hike continue to keep Silver on the defensive.
Fxstreet
Tue, Jun 9
British Pound consolidates around mid-1.3300s vs USD; upside potential seems limited
The GBP/USD pair struggles to capitalize on the previous day's modest bounce from the 1.3300 neighborhood, or over a three-week low, and seesaws between tepid gains/minor losses during the Asian session on Tuesday.Fxstreet
Tue, Jun 9
New Zealand Dollar eases ahead of China Trade Balance data
NZD/USD loses ground after registering modest losses in the previous day, trading around 0.5800 during the Asian hours on Tuesday. The pair declines as the US Dollar (USD) holds ground amid uncertainty surrounding the Middle East ceasefire.Fxstreet
Tue, Jun 9
Euro weakens below 1.1550 on Middle East uncertainty ahead of ECB rate decision
The EUR/USD pair loses traction to around 1.1530 during the early Asian trading hours on Tuesday, pressured by uncertainty in the Middle East. Traders await the release of the US May Consumer Price Index (CPI) inflation data later on Wednesday for fresh impetus.Fxstreet
Tue, Jun 9
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