News
Important Only
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
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.Fxstreet
Thu, May 1
USD/JPY rises post-BoJ – Société Générale
USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.Fxstreet
Thu, May 1
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.Fxstreet
Thu, May 1
Ripple Price Forecast: XRP builds bullish momentum as Ripple eyes Circle with $5B acquisition bid
Ripple’s (XRP) price is consolidating at $2.21 at the time of writing on Thursday, reflecting sideways trading in the wider cryptocurrency market. There is a growing need for XRP to hold above the immediate $2.20 confluence support to validate the potential breakout targeting $3.00.
Fxstreet
Thu, May 1
EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
The EUR/USD pair weakens to around 1.1295 during the early European session on Thursday, pressured by the renewed US Dollar (USD) demand. The optimism over the potential de-escalation of the US-China trade war provides some support to the Greenback and creates a headwind for the major pair.Fxstreet
Thu, May 1
USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
The USD/CHF pair holds ground for the third successive session, trading around 0.8270 during the Asian hours on Thursday. The daily chart suggests a neutral market bias, with the pair consolidating within a recently established rectangular pattern.
Fxstreet
Thu, May 1
Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver (XAG/USD) drifts lower for the third straight day – also marking the fourth day of a negative move in the previous five – and drops to over a two-week low during the Asian session on Thursday.Fxstreet
Thu, May 1
Solana Price Forecast: SOL eyes bullish breakout as stablecoin market cap hits $13 billion and ETF odds soar
Solana (SOL) price is stabilizing at around $149 at the time of writing on Thursday, after finding support around its 50-day Exponential Moving Average (EMA) the previous day.
Fxstreet
Thu, May 1
