News
Important Only
US Dollar Index Price Forecast: Hovers near 100.00 after breaking above descending channel
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground after registering gains in the previous three successive sessions, trading near 100.10 at the time of writing.Fxstreet
Fri, May 2
Solana and Litecoin Price Prediction: SOL shows bearish signs, LTC approaches key resistance
Solana (SOL) saw a 3% gain and Litecoin (LTC) rose 6% on Thursday following a market-wide recovery across cryptocurrencies. On-chain and technical indicators of the two altcoins show key price levels to watch out for as the market recovers.
Gold price sinks on traders' optimism as strong US Dollar erodes safe-haven demand
Gold price tanked close to $70, or 2%, on Thursday as risk appetite improved during the North American session. Trade tensions between the United States (US) and its counterparts eased, keeping investors optimistic for the remainder of the week. At the time of writing, XAU/USD trades at $3,226.
Fxstreet
Thu, May 1
Dow Jones rallies as Microsoft, Meta earnings outshine gloomy US outlook
The Dow Jones Industrial Average (DJIA) rallied over 100 points, or 0.24%, on Thursday after big tech companies posted strong earnings reports, ignoring surveys that underscored the ongoing economic slowdown in the United States.Fxstreet
Thu, May 1
GBP/USD slips below 1.33 as US and UK manufacturing activity slumps
The Pound Sterling edges lower against the US Dollar on Thursday, with most European markets closed during Labor Day. The release of manufacturing activity data on both sides of the Atlantic and US trade policies continued to drive the financial markets.
Fxstreet
Thu, May 1
EUR/USD Price Analysis: Euro holds losses near 1.1300
The EUR/USD pair is holding a bearish tone on Thursday, after retreating modestly following the European session. Price action is contained within a mid-range zone around the 1.1300 mark, reflecting a brief pause in upward momentum.
Fxstreet
Thu, May 1
USD's safe haven appeal fades as trade war backfires – Rabobank
Uncertainty may be a prevailing theme of the Trump presidency, but over the past month a number of lessons have been learnt which will likely have an ongoing impact on both the behaviour of politicians as well as investors.Fxstreet
Thu, May 1
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, May 1
CAD slips modestly on firmer USD – Scotiabank
The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, May 1
USD improves on stock rebound, trade hopes – Scotiabank
It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.Fxstreet
Thu, May 1
