Search
News
Important Only
Merz elected after rocky start, Euro shrugs off drama – Commerzbank
While some politically savvy people may have fallen off their chairs yesterday after the first round of voting for the new German Chancellor, the fx market seemed less than impressed, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.Fxstreet
Wed, May 7
AUD/USD Price Forecast: Falls toward ascending channel lower boundary near 0.6450
The AUD/USD pair breaks its three-day winning streak, trading around 0.6480 during the European hours on Wednesday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
Fxstreet
Wed, May 7
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
