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GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, May 7
Bitcoin Price Forecast: BTC jumps above $97K on optimism over US-China trade talks
Bitcoin (BTC) price stabilizes at around $97,000 at the time of writing on Wednesday after rebounding 2.7% in the last two days. The crypto markets show optimism as US and Chinese officials are set to start talks this weekend to de-escalate the trade war.
Fxstreet
Wed, May 7
GBP: Trade deals can help – ING
Sterling is trading steadily, but politics should be supportive this month. We've already seen a new UK-Indian trade deal announced yesterday, but speculation is rising that a US-UK trade deal could be reached this week, ING's FX analyst Chris Turner notes.Fxstreet
Wed, May 7
EUR: Weakened Merz doesn't do too much damage – ING
It's been quite an attractive story to tell that if German fiscal expansion caused the EUR/USD exchange rate to rise significantly in March (from 1.04 to 1.09), then a weakened Friedrich Merz should see EUR/USD fall a few figures back, ING's FX analyst Chris Turner notes.Fxstreet
Wed, May 7
Ripple Price Forecast: XRP bullish comeback in focus ahead of US-China trade talks
Ripple (XRP) price is mum, holding firmly to support at $2.10, as consolidation extends on Wednesday, ahead of the Federal Reserve's (Fed) decision on interest rates and trade talks between the United States and China.
Fxstreet
Wed, May 7
EUR/USD Price Forecast: Tests support around 1.1350, upside appears due to bullish bias
EUR/USD retraces its recent gains from the previous session, hovering near 1.1360 during Wednesday’s Asian session. Technical analysis on the daily chart continues to show a bullish bias, with the pair staying within an ascending channel pattern.Fxstreet
Wed, May 7
GBP/USD Price Forecast: Slides to mid-1.3300s amid some USD buying ahead of Fed decision
The GBP/USD pair attracts some sellers during the Asian session on Wednesday and erodes a part of its weekly gains registered over the past two days, to the 1.3400 mark. The intraday slide is sponsored by a modest US Dollar (USD) strength and drags spot prices below mid-1.3300s in the last hour.Fxstreet
Wed, May 7
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC rebounds as New Hampshire approves first US Bitcoin reserve
Bitcoin (BTC) price is nearing its key resistance level at $97,700 on Wednesday; a decisive close above this level suggests gains toward $100,000. Ethereum (ETH) and Ripple (XRP) prices recover and approach their key resistance levels; a breakout suggests a recovery ahead.
NEAR holds steady following Bitwise NEAR ETF filing
NEAR held steady above the $2 mark on Tuesday despite Bitwise's NEAR exchange-traded fund (ETF) filing with the Securities & Exchange Commission (SEC). The filing follows NEAR witnessing a sustained rejection around the upper boundary of a descending triangle.Fxstreet
Wed, May 7
US Dollar slumps further as Fed decision nears
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, remained under heavy selling pressure on Tuesday as investors turned defensive ahead of the Federal Reserve’s (Fed) monetary policy decision.Fxstreet
Tue, May 6
