News
Important Only
AUD/JPY Price Forecast: Softens to near 104.00 as overbought RSI caps upside potential
The AUD/JPY cross loses traction to around 104.00, snapping the six-day winning streak during the early European session on Wednesday. Deeper-than-expected producer deflation data from China undermines the China-proxy Australian Dollar (AUD) against the Japanese Yen (JPY).
Fxstreet
Wed, Dec 10
Silver Price Analysis: Hits record high but RSI divergence hints at caution
Silver price extended its gains, refreshes previous all-time high of $60.57 hit earlier during the day, gains more than 4% on the day, and so far, 110% year to date. At the time of writing, XAG/USD trades at $60.62 after reaching $60.73, the current record high for the grey metal.
Fxstreet
Tue, Dec 9
EUR/USD: Likely to trade in a range between 1.1615 and 1.1665 – UOB Group
EUR is likely to trade in a range between 1.1615 and 1.1665. In the longer run, upward momentum is starting to slow; a break below 1.1615 would indicate that EUR is not advancing further, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Dec 9
Forex Today: US Dollar steady ahead of the Fed decision, US employment data
The US Dollar Index (DXY) held its ground on Monday, trading above the 99.00 level during American hours as market participants await the Federal Reserve (Fed) interest rate decision and the release of a fresh Summary of Economic Projections (SEP).Fxstreet
Mon, Dec 8
EUR/USD: Upward momentum is starting to slow – UOB Group
Euro (EUR) is likely to trade in a range between 1.1625 and 1.1665. In the longer run, upward momentum is starting to slow; a break below 1.1615 would indicate that EUR is not advancing further, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Dec 8
GBP/USD rises as Fed rate cut odds boost Sterling
GBP/USD resumes its uptrend on Friday, trimming some of Thursday’s 0.21% losses as the Greenback recovered some ground. Inflation data in the US kept steady the chances for a Fed cut in the December meeting, weighing on the Dollar. At the time of writing, the pair trades at 1.3349 up 0.19%.
Fxstreet
Fri, Dec 5
Euro dips as US jobs data boosts the Dollar despite Fed-cut buzz
Euro retreats somewhat on Thursday as traders digest the last round of US jobs data as they also brace for the release of the Federal Reserve’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index. At the time of writing, the EUR/USD trades at 1.1649, down 0.19%.Fxstreet
Thu, Dec 4
Silver Price Analysis: Uptrend holds as RSI divergence signals corrective risks
Silver price retreats late in the North American session on Wednesday even though the US Dollar weakens after data reaffirmed investors intentions that the Federal Reserve would cut rates next week. At the time of writing, XAG/USD trades at $58.49 down 0.14%.Fxstreet
Wed, Dec 3
EUR/USD strengthens as weak US labor data pushes cut odds to 90%
EUR/USD surges over 0.40% on Wednesday after economic data in the US reinforced bets that the Federal Reserve would cut rates at the December 9-10 meeting. The pair trades at 1.1668 after bouncing off daily lows of 1.1617.Fxstreet
Wed, Dec 3
Dogecoin Price Forecast: DOGE risks 12% decline as whales exit
Dogecoin (DOGE) is trading at $0.1525 at the time of writing on Friday, as bears tighten their grip. Demand for Dogecoin has remained significantly suppressed since the October 10 flash crash, which liquidated over $19 billion in crypto assets on a single day.
Fxstreet
Fri, Nov 28
