News
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NZD/USD might not be able to break clearly below 0.5870 – UOB Group
New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it might not be able to break clearly below 0.5870. In the longer run, bias for NZD is tilted to the downside toward 0.5870, potentially reaching 0.5835, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
AUD/USD can drop below 0.6370 – UOB Group
Australian Dollar (AUD) could drop below 0.6370 against the US Dollar (USD) but might not be able to maintain a foothold below this level. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notesFxstreet
Fri, May 9
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
Further Euro (EUR) weakness is not ruled out vs US Dollar (USD); oversold conditions suggest any decline could be limited to a test of 1.1185. In the longer run, c in EUR toward 1.1145, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
Uniswap Price Forecast: UNI flashes bullish reversal signal as buyers step in
Uniswap (UNI) price stabilized at around $6.18 on Friday after rallying over 26% the previous day. On-chain metrics, such as UNI’s Total Value Locked (TVL), Open Interest (OI), and token volume, further support the bullish thesis.
Fxstreet
Fri, May 9
US Dollar Index (DXY) consolidates near 100.50 area, just below multi-week high
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, enters a bullish consolidation phase after touching a nearly one-month top, around the 100.85 region during the Asian session on Friday.Fxstreet
Fri, May 9
Ripple Price Forecast: $3 XRP breakout looms after $50M SEC settlement
Ripple (XRP) price consolidates gains around $2.31 at the time of writing on Friday, down slightly on the day. A joint motion filed by Ripple and the Securities and Exchange Commission (SEC) on Thursday revealed that the two parties have reached a settlement agreement pending judicial approval.
Fxstreet
Fri, May 9
