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NZD/USD retreats as Fed signals caution and Kiwi struggles on mixed jobs data
The NZD/USD pair is pulling back from a six-month high near 0.6025 reached earlier on Wednesday, trading around 0.6000 as investors react to the Federal Reserve’s (Fed) cautious policy tone and mixed economic data from New Zealand.
Fxstreet
May 7, 2025
Ethereum Price Forecast: ETH holds steady as Pectra upgrade goes live on mainnet
Ethereum (ETH) held steady on Wednesday after the Pectra upgrade went live on mainnet. The upgrade, which introduced several features to Ethereum, failed to spark increased volatility as ETH continued trading near the $1,800 mark.
Fxstreet
May 7, 2025
GBP/USD slides as Fed holds rates, flags rising inflation, growth uncertainty
The GBP/USD extended its losses on Wednesday after the Federal Reserve decided to keep interest rates unchanged as expected, with most eyes set on Fed Chair Jerome Powell's press conference. At the time of writing, the pair trades near 1.3331, down more than 0.20%.Fxstreet
May 7, 2025
Gold price falls as US-China tariff talks ease tensions, Fed in focus
Gold prices retreated by more than 1.50% on Wednesday, driven by an improvement in risk appetite following the announcement of tariff talks between the United States (US) and China. Meanwhile, traders' focus is on the Federal Reserve’s (Fed) monetary policy meeting later in the day.Fxstreet
May 7, 2025
USD/JPY struggles as Fed policy decision and US-China trade talks loom
The USD/JPY pair is trading in a tight range as markets await the US Federal Reserve’s (Fed) policy decision on Wednesday. Investors widely expect the central bank to keep its policy rate unchanged in the 4.25%-4.50% range for the third consecutive meeting, despite rising economic uncertainties.Fxstreet
May 7, 2025
AUD/USD retreats as traders eye Powell and US-China trade talks
The Australian Dollar (AUD) is trading lower on Wednesday after failing to break above a key resistance level, with markets turning cautious ahead of expected commentary from United States (US) Federal Reserve (Fed) Chair Jerome Powell and high-level trade talks between the US and China.Fxstreet
May 7, 2025
GBP/USD pauses rally as traders eye Fed, BoE’s decisions
The Pound Sterling retreated after posting back-to-back days of gains versus the US Dollar. Still, positive news related to a possible de-escalation of the Sino-US tensions lent a lifeline to the Greenback, which remains firm in early trading.Fxstreet
May 7, 2025
EUR/USD Price Forecast: Symmetrical triangle break in focus as Fed decision looms
EUR/USD is nearing a technical inflection point, where macroeconomic divergence and chart compression converge. While strong data from Germany and France support the Euro (EUR), weak retail sales and Federal Reserve (Fed) uncertainty have dampened momentum.Fxstreet
May 7, 2025
USD steady as markets cheer planned US/China trade talks this weekend – Scotiabank
The US Dollar (USD) is steady, attempting stabilization against most of the G10 currencies and clawing back some of its recent weakness against JPY, SEK, AUD, and NZD as we head into Wednesday’s NA session.Fxstreet
May 7, 2025
Hyperliquid Price Forecast: HYPE bulls aim for the $25 mark as open interest reaches a new all-time high
Hyperliquid (HYPE), the decentralized perpetual trading platform and Layer 1 blockchain, edges higher and trades around $21.20 at the time of writing on Wednesday after rebounding nearly 6% so far this week.Fxstreet
May 7, 2025
Litecoin price runs into 6.83 million LTC resistance cluster as open interest expands
Litecoin (LTC) price gains bullish momentum, extending the previous day’s positive move to trade at $92 at the time of writing on Wednesday, as markets gauge the potential impact of the Federal Reserve’s (Fed) interest rates decision during the American session.
Fxstreet
May 7, 2025
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