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Euro remains depressed near 0.8650 against the British Pound despite upbeat German data
The Euro (EUR) languishes at 11-day lows against the British Pound (GBP) on Friday, on track for a 0.85% weekly loss. The positive German Gross Domestic Product (GDP) data has failed to support the common currency, while the Pound has been unfazed by weak Retail Sales numbers.
Fxstreet
Fri, May 22
Forex Today: US Dollar steadies as strong PMI data supports cautious Fed outlook
The US Dollar Index (DXY) trades with a neutral tone near the 99.20 level after stronger than expected US Manufacturing Purchasing Managers Index (PMI) data reinforced expectations that the Federal Reserve (Fed) may maintain a cautious stance on interest rate cuts.
Fxstreet
Thu, May 21
British Pound falls as Iran deal doubts, weak UK PMI bite
The GBP/USD fell by some 0.20% on Thursday amid concerns that the US and Iran couldn’t reach a deal, while strong US economic data was a headwind for Sterling, which dipped amid weakening UK business activity. At the time of writing, the pair trades at 1.3406 after peaking near 1.3454.
Fxstreet
Thu, May 21
Ripple Price Forecast: XRP lags recovery despite rising network activity, mild ETF inflows
Ripple (XRP) remains calm, trading around $1.37 at the time of writing on Thursday. The current sideways action follows a subtle recovery from support at $1.35, and reflects broader optimism for a US-Iran peace deal.Fxstreet
Thu, May 21
USD/CHF Price Forecast: Bullish engulfing surfaces, traders eye 0.7900
USD/CHF forms a ‘bullish engulfing’ chart pattern and rises by over 0.58% on Tuesday, clearing key resistance levels, including the 50-day Simple Moving Average (SMA) at 0.7868. At the time of writing, the pair trades at 0.7890, shy of 0.7900.
Fxstreet
Tue, May 19
USD/JPY Price Forecast: Stalls near intervention area as bulls eye 160.00
USD/JPY rally extends for the seventh straight day, up 0.10% to a 12-day high of 159.25, despite growing fears of Japanese authorities intervening in FX markets. At the time of writing, the pair trades near 159.00.Fxstreet
Tue, May 19
Chiliz Price Forecast: Derivatives-backed uptrend targets further gains
Chiliz (CHZ) continues to trade in green above $0.049 on Tuesday, having rallied nearly 5% in the previous day. CHZ is outperforming the broader cryptocurrency market so far this week, as the token’s resilience appears to be driven by improving sentiment in the derivatives market.Fxstreet
Tue, May 19
Solana Price Analysis: SOL declines as bearish momentum targets sub-$80 support
Solana (SOL) hovers below $85 at press time on Monday, trading in the red for the fourth consecutive day. SOL derivatives lose retail participation as the broader cryptocurrency market declines, even as steady inflows into SOL-focused Exchange Traded Funds (ETFs) occurred last week.
Fxstreet
Mon, May 18
Silver Price Forecast: Tumbles below $84.00, yet remains bullish
Silver price recoils toward a key support level below $84.00 as the Greenback stages a recovery, and traders, unable to crack $90.00, opted to book profits after solid US Retail Sales data. At the time of writing, XAG/USD trades at $83.53, down more than 4.40%.
Fxstreet
Thu, May 14
Euro slides as resilient US sales fuel Dollar rally
EUR/USD edges lower for the third consecutive day during the North American session, down 0.22%, as US economic data showed consumers' resilience. In contrast, jobless benefits data showed a slight increase in the number of Americans filing for jobless benefits.Fxstreet
Thu, May 14
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