News
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EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK).
Fxstreet
Thu, May 8
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.
Fxstreet
Thu, May 8
Ethereum Price Forecast: ETH jumps 15%, outperforms top cryptos following US-UK trade agreement
Ethereum (ETH) is up 15% on Thursday, reclaiming the $2,000 psychological level following bullish sentiments surrounding the US-UK trade agreement. On-chain data shows investors are heavily accumulating ETH, with global trade war tensions gradually softening.Fxstreet
Thu, May 8
USD/INR surges as India-Pakistan conflict takes an ugly turn
USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the Indian Rupee (INR). India and Pakistan are spooling up a direct military conflict as the two countries continue to lay competing claims over the Kashmir region.Fxstreet
Thu, May 8
Gold price falls below $3,320 as risk appetite improves on UK-US deal
Gold price tumbled for the second consecutive day as traders erased Bullion’s advance on Tuesday, which pushed its gains past the $3,400 figure. The announcement of a US-UK trade deal boosted the US Dollar (USD) to the detriment of XAU/USD, which trades at $ 3,311, down over 1.60%.
Fxstreet
Thu, May 8
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
The EUR/USD pair held steady around the 1.1300 area on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the day’s range, reflecting a cautious market stance as traders assess the broader trend.Fxstreet
Thu, May 8
CAD is pulling back within recent range – Scotiabank
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, May 8
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, May 8
Mexican Peso broadly steadies even as renewed trade optimism lifts market sentiment
The Mexican Peso (MXN) swings between mild gains and losses against the US Dollar (USD) on Thursday, amid steady positioning following the Federal Reserve’s cautious tone, the upcoming announcement of a trade deal between the United States and the United Kingdom and ahead of Mexico’s latest inflatio
Fxstreet
Thu, May 8
USD/CNH: The level to watch is at 7.1700 – UOB Group
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, May 8
USD/JPY is still consolidating – UOB Group
Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, May 8
