News
Important Only
AUD/USD can drop below 0.6370 – UOB Group
Australian Dollar (AUD) could drop below 0.6370 against the US Dollar (USD) but might not be able to maintain a foothold below this level. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notesFxstreet
Fri, May 9
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
Further Euro (EUR) weakness is not ruled out vs US Dollar (USD); oversold conditions suggest any decline could be limited to a test of 1.1185. In the longer run, c in EUR toward 1.1145, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 9
Uniswap Price Forecast: UNI flashes bullish reversal signal as buyers step in
Uniswap (UNI) price stabilized at around $6.18 on Friday after rallying over 26% the previous day. On-chain metrics, such as UNI’s Total Value Locked (TVL), Open Interest (OI), and token volume, further support the bullish thesis.
Fxstreet
Fri, May 9
US Dollar Index (DXY) consolidates near 100.50 area, just below multi-week high
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, enters a bullish consolidation phase after touching a nearly one-month top, around the 100.85 region during the Asian session on Friday.Fxstreet
Fri, May 9
Ripple Price Forecast: $3 XRP breakout looms after $50M SEC settlement
Ripple (XRP) price consolidates gains around $2.31 at the time of writing on Friday, down slightly on the day. A joint motion filed by Ripple and the Securities and Exchange Commission (SEC) on Thursday revealed that the two parties have reached a settlement agreement pending judicial approval.
Fxstreet
Fri, May 9
EUR/USD fumbles again as trade deal hopes bolster Greenback bids
EUR/USD trimmed into the low end on Thursday, shedding a little over two-thirds of one percent from the day’s opening bids after US Dollar (USD) bids caught a broad-market boost following the tentative announcement of a pending trade deal between the United States (US) and the United Kingdom (UK).Fxstreet
Thu, May 8
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.Fxstreet
Thu, May 8
Ethereum Price Forecast: ETH jumps 15%, outperforms top cryptos following US-UK trade agreement
Ethereum (ETH) is up 15% on Thursday, reclaiming the $2,000 psychological level following bullish sentiments surrounding the US-UK trade agreement. On-chain data shows investors are heavily accumulating ETH, with global trade war tensions gradually softening.Fxstreet
Thu, May 8
USD/INR surges as India-Pakistan conflict takes an ugly turn
USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the Indian Rupee (INR). India and Pakistan are spooling up a direct military conflict as the two countries continue to lay competing claims over the Kashmir region.Fxstreet
Thu, May 8
Gold price falls below $3,320 as risk appetite improves on UK-US deal
Gold price tumbled for the second consecutive day as traders erased Bullion’s advance on Tuesday, which pushed its gains past the $3,400 figure. The announcement of a US-UK trade deal boosted the US Dollar (USD) to the detriment of XAU/USD, which trades at $ 3,311, down over 1.60%.
Fxstreet
Thu, May 8
