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USD/CNH struggles below 50-DMA resistance near 7.28 – Société Générale
USD/CNH remains under pressure after failing to reclaim the 50-DMA, with downside risks intensifying should the 7.18 support give way, Société Générale's FX analysts note.
USD/CNH
Fxstreet
May 12, 2025
USD: Waiting on Bessent's update – ING
US President Donald Trump described this weekend's US-China meetings in Switzerland as 'very good' and said a 'total reset' is being negotiated. Treasury Secretary Scott Bessent led the negotiations and said 'substantial progress' has been made, and will share details today.
Fxstreet
May 12, 2025
Bitcoin Price Forecast: BTC edges closer to all-time high as US-China trade deal cheers markets
Bitcoin (BTC) price is stabilizing at around $104,000 at the time of writing on Monday after rallying 10.44% the previous week. Risk-on gains traction as the US and China agree to major tariff reductions for 90 days, which could fuel a price rally for risky assets like Bitcoin.
Bitcoin
Fxstreet
May 12, 2025
USD/JPY rallies above 148.00 as USD soars on US-China trade truce
The USD/JPY pair soars above 148.20 during European trading hours on Monday, the highest level seen in a month. The asset strengthens as the United States (US) and China have agreed to a 90-day truce after a two-day meeting in Switzerland over the weekend.
USD/JPY
Fxstreet
May 12, 2025
EUR/USD pulls back from 1.1570 resistance – Société Générale
EUR/USD is under pressure as technical momentum fades, with the pair testing key trend support and downside risks building below the 50-day moving average near 1.1070, Société Générale's FX analysts note.
EUR/USD
Fxstreet
May 12, 2025
EUR: Still quite overvalued – ING
EUR/USD briefly printed below the 1.120 support in early trading. Should Bessent feed markets with convincing headlines on US-China talks today, a decisive break lower looks on the cards, ING's FX analyst Francesco Pesole notes
EUR/USD
Fxstreet
May 12, 2025
Sui eyes new record high as network redefines AI, gaming and DeFi
Sui (SUI) price surges to $4.15 at the time of writing on Monday, reflecting broader risk-on sentiment.
Bitcoin
Fxstreet
May 12, 2025
Silver Price Forecast: XAG/USD faces rejection near descending channel hurdle, around $33.00
Silver (XAG/USD) attracts heavy intraday selling in the vicinity of the $33.00 round figure and dives to over a one-week trough during the first half of the European session on Monday.
Silver
Fxstreet
May 12, 2025
USD/CHF rallies to one-month top, beyond mid-0.8400s as US and China agree to lower tariffs
The USD/CHF pair builds on its modest gap-up opening at the start of a new week and gains strong positive traction during the early part of the European session.
USD/CHF
Fxstreet
May 12, 2025
US Dollar Index (DXY) surges past 101.00, hits one-month top on US-China trade deal optimism
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, catches aggressive bids at the start of a new week and rallies to over a one-month top, around the 101.35-101.40 region during the early European session.
Fxstreet
May 12, 2025
Forex Today: Gold drops as risk flows dominate markets to start week
Here is what you need to know on Monday, May 19:
Fxstreet
May 12, 2025
FX option expiries for May 12 NY cut
FX option expiries for May 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
Fxstreet
May 12, 2025
EUR/JPY retreats slightly from one-week high, up a little below 164.00 amid weaker JPY
The EUR/JPY cross regains positive traction on Monday and jumps to over a one-week top, around the 164.20 area during the Asian session, though it lacks follow-through.
EUR/JPY
Fxstreet
May 12, 2025
PEPE Price Forecast: PEPE bulls gain traction as Open Interest reaches a new all-time high
Pepe (PEPE) price is extending its gains by 5% at the time of writing on Monday after rallying nearly 70% in the previous week. CoinGlass data shows that PEPE’s open interest reached a new all-time high of $595.36 on Monday, indicating new buying activity among traders.
Fxstreet
May 12, 2025
EUR/USD Price Analysis: Bears await break below 1.1200 ahead of US-China joint statement
The EUR/USD pair kicks off the new week on a weaker note amid a modest US Dollar (USD) uptick, bolstered by the optimism over a US-China trade deal.
EUR/USD
Fxstreet
May 12, 2025
Gold price struggles near one-week low; US-China joint statement awaited
Gold price (XAU/USD) attracts heavy selling on Monday and drops to a one-week low, around the $3,253-3,252 area during the Asian session on the back of US-China trade deal optimism.
Gold
Fxstreet
May 12, 2025
Ripple Price Forecast: XRP turns green amid waning exchange inflows
Ripple (XRP) price continues its upward trajectory, trading at $2.40 on Monday, fuelled by a widespread bullish surge spearheaded by Bitcoin (BTC) breaking past the $100,000 mark last week. Multiple buy signals suggest that XRP can potentially extend the rally, targeting $3.00 in the coming days.
XRP
Fxstreet
May 12, 2025
US Dollar Index Price Forecast: Trades near 100.50, remains below channel’s upper boundary
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.60 during the Asian hours on Monday.
Fxstreet
May 12, 2025
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC steadies after strong weekly rally; ETH & XRP find key support levels
Bitcoin (BTC) price is stabilizing at around $104,000 on Monday after rallying by 10.44% last week. Ethereum (ETH) and Ripple (XRP) followed BTC’s lead and soared 39% and nearly 10% in the previous week.
Bitcoin
Ethereum
XRP
Fxstreet
May 12, 2025
PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2095 previous
On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2066 as compared to Friday's fix of 7.2095 and 7.2429 Reuters estimate.
USD/CNH
Fxstreet
May 12, 2025
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