News
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EUR/USD: Likely to trade in a range between 1.1630 and 1.1680 – UOB Group
Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Aug 21
US Dollar Index price forecast: Tests 50-day EMA resistance near 98.50
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending gains for the third successive session and trading around 98.30 during the European hours on Wednesday.Fxstreet
Wed, Aug 20
USD/JPY Price Forecast: To remain sideways ahead of Powell’s Jackson Hole speech
USD/JPY consolidated during Tuesday’s session, ending the day with minimal losses of 0.14%, with the pair trading near familiar levels, below the 20-day Simple Moving Average (SMA) at 147.86. At the time of writing, the pair trades at 147.61, virtually unchanged as Wednesday’s Asian session begins.
Fxstreet
Tue, Aug 19
Forex Today: The FOMC Minutes and UK inflation in the spotlight
The US Dollar (USD) had a positive day on Tuesday, as traders remained cautious ahead of the release of the FOMC Minutes on Wednesday and the pivotal Jackson Hole Symposium later this week. Furthermore, geopolitics has returned to the forefront of price action drivers.
Sui Price Forecast: SUI slips below key support, momentum indicator hints deeper correction
Sui (SUI) continues to trade in red, trading below $3.60 at the time of writing on Tuesday and slipping below a key support level, suggesting a bearish trend ahead. On-chain data shows that SUI’s Spot Taker Cumulative Volume Delta (CVD) is turning red, reflecting bearish dominance.Fxstreet
Tue, Aug 19
GBP/USD returns above 1.3500 as traders brace for hotter UK inflation
The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday’s UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485Fxstreet
Tue, Aug 19
USD/JPY hits fresh lows below 147.00 on generalised Dollar weakness
The US Dollar recovery attempt seen on Thursday was capped below 148.00, and the pair has resumed its downtrend, extending losses below 147.00 on Friday, amid a broad-based US Dollar’s weakness.With the impact of the strong US PPI fading, investors' hopes that the meeting between Trump and Putin migFxstreet
Fri, Aug 15
GBP/USD slips as hot US PPI data erodes aggressive Fed cut bets
The GBP/USD retreats during the North American session, down 0.21% after a hot inflation report in the United States (US) prompted traders to pare rate cut bets by the Federal Reserve at the September meeting. At the time of writing, the pair trades at 1.3545 after hitting a daily peak of 1.3594.Fxstreet
Thu, Aug 14
