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Forex Today: Markets rally as US-EU tensions ease, Gold hits record high
Risk aversion eased after US President Donald Trump reiterated that he had agreed with NATO on "the framework of a future deal with respect to Greenland". Trump and NATO Secretary General Mark Rutte spoke in Switzerland.Fxstreet
Thu, Jan 22
EUR/USD: Likely to consolidate within a range of 1.1655/1.1720 – UOB Group
Euro (EUR) is likely to consolidate within a range of 1.1655/1.1720. In the longer run, risk for EUR remains on the upside; the probability of it breaking above 1.1805 is not high for now, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Thu, Jan 22
Silver Price Forecast: XAG/USD retreats as momentum fades near ATH
Silver price (XAG/USD) retreats after reaching an all-time high (ATH) of $95.56 after US President Donald Trump eased his tone in his Davos speech, saying that he is ready to negotiate Greenland with Denmark. At the time of writing, XAG/USD trades at $93.57, down over 1%.
Fxstreet
Wed, Jan 21
GBP/JPY Price Forecast: Pound is looking for direction around 213.00
The Pound pulled back from session highs at the 213.50 area against the Japanese Yen on Tuesday, following mixed UK employment figures. Still, downside attempts remain contained above 212.30, leaving the pair in no man’s land.
Fxstreet
Tue, Jan 20
EUR/USD: Likely to drop to 1.1585 before stabilization can be expected – UOB Group
Euro (EUR) could drop to 1.1585 before stabilization can be expected; the major support at 1.1560 is unlikely to come under threat. In the longer run, weakness in EUR has likely resumed, with scope for a decline to 1.1560, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Fri, Jan 16
EUR/USD: Likely to trade in a range between 1.1625 and 1.1660 – UOB Group
Euro (EUR) is likely to trade in a range between 1.1625 and 1.1660. In the longer run, EUR is still consolidating, but likely in a range of 1.1600/1.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, Jan 15
Litecoin Price Forecast: LTC slips below $75 as dormant wallet activity stirs selling pressure
Litecoin (LTC) price extends losses, trading below $75 at the time of writing on Thursday, after failing to break through the key resistance zone. The rising activity among the dormant wallets supports the bearish sentiment.Fxstreet
Thu, Jan 15
FX Today: Focus remains on US data, Fedspeak, and UK GDP figures
In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s independence as well as swelling speculation of further interest rate cuts by the Federal Reserve later in the year.Fxstreet
Wed, Jan 14
Silver Price Forecast: XAG/USD jumps to record high past $89.00 as bullish momentum fades
Silver price (XAG/USD) registers gain of 2% on Tuesday after reaching an all time high of 89.11 as the Greenback recovers amid a soft inflation report in the United States. At the time of writing, XAG/USD trades at $86.91 after bouncing off daily lows of $83.45.Fxstreet
Tue, Jan 13
EUR/USD: Likely to trade in a range between 1.1640 and 1.1700 – UOB Group
Euro (EUR) is likely to trade in a range between 1.1640 and 1.1700. In the longer run, weakness in EUR from early last week has stabilized; for the time being, it is likely to consolidate between 1.1615 and 1.1730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Jan 13
Silver Price Forecast: XAG/USD blasts above $86 amid Powell indictment
Silver (XAG/USD) rally extends for the second straight day, with buyers pushing prices to a new record high of $86.08 a troy ounce, posting gains of nearly 7.50%, courtesy of the US Department of Justice, which has indicted the Fed Chair Jerome Powell, over the renovations of the Fed’s buildings.Fxstreet
Mon, Jan 12
US Dollar Index Price Forecast: Tests 50-day EMA support after breaking below 99.00
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after four days of gains and trading around 98.80 during the European hours on Monday.Fxstreet
Mon, Jan 12
