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AUD/USD posts fresh highs as trade optimism and economic data boost Aussie
The AUD/USD pair surged on Monday, reaching a fresh five-month high near the 0.6500 level. The Australian Dollar (AUD) benefits from a range of factors, including the US Dollar’s (USD) weakness, a solid economic report from the US and the strengthening of global risk sentiment.
Fxstreet
Mon, May 5
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
The USD/JPY dropped late during the North American session as investors seeking safety bought the Japanese Yen (JPY) and ditched the US Dollar (USD) amid the lack of announcements of trade deals, despite rumors that the US and China are close to beginning talks.
Fxstreet
Mon, May 5
Forex Today: Light data releases in China and Europe come to the fore
The US Dollar remained under pressure at the start of the new trading week, extending recent losses amid persistent selling interest. Investor focus is now turning to a series of key central bank rate decisions in the days ahead, with the Federal Reserve front and centre.
Fxstreet
Mon, May 5
USD/CAD stabilizes as Carney-Trump summit, Fed outlook, and economic data loom
USD/CAD is treading water as investors weigh the geopolitical significance of Tuesday’s scheduled meeting between Canadian Prime Minister Mark Carney and US President Donald Trump, alongside a series of high-impact economic releases expected to shape monetary policy outlooks.
Fxstreet
Mon, May 5
EUR/USD Price Analysis: Euro holds firm near 1.1300 as bullish trend persists
The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout.Fxstreet
Mon, May 5
GBP/USD rises above 1.33 as US PMI data fails to lift USD
The Pound Sterling advanced some 0.32% against the US Dollar on Monday, back above the 1.33 handle, as market participants digested data from the United States (US) portraying that business activity in the services sector is gathering some steam, yet fails to underpin the Greenback.
Fxstreet
Mon, May 5
Mexican Peso steadies as US-Mexico tension and policy divergence dominate focus
The Mexican Peso (MXN) remains resilient against the US Dollar (USD) in Monday’s European session despite rising tensions over the weekend between Mexican President Claudia Sheinbaum and US President Donald Trump regarding a rejected proposal to deploy American troops in Mexico.
Fxstreet
Mon, May 5
Bitcoin Price Forecast: BTC hovers around $95,000 as Trump hints at mixed signals on the economy, trade deals
Bitcoin (BTC) price is hovering around $95,000 at the time of writing on Monday after facing a pullback of nearly 3% over the weekend. US President Donald Trump acknowledged a possible recession but aims to announce at least one trade deal this week, the Wall Street Journal reports.
Fxstreet
Mon, May 5
Ripple Price Forecast: XRP under pressure as network activity dwindles
Ripple (XRP) price is yet to make headway in its broader recovery potential, targeting $3.00 in the medium term. The cross-border money remittance token hovers at $2.17 at the time of writing on Monday, up slightly on the day.
Fxstreet
Mon, May 5
Dogecoin and Shiba Inu show bearish signs
Dogecoin (DOGE) and Shiba Inu (SHIB) prices hover around $0.172 and $0.000012 at the time of writing on Monday after falling nearly 5% the previous week. DOGE and SHIB funding rates are negative, indicating more traders are betting that dog-based meme coins will fall.
Fxstreet
Mon, May 5
GBP/USD Price Forecast: The bullish tone remains in play near 1.3300
The GBP/USD pair gains traction to around 1.3290 during the early European session on Monday. The US Dollar (USD) softens against the Pound Sterling (GBP) amid heightened economic uncertainty in the wake of US President Donald Trump's erratic trade policies.Fxstreet
Mon, May 5
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP bulls turn cautious after rejection at key resistances
Bitcoin (BTC) price hovers around $94,000 on Monday after Friday’s rejection at resistance. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and faced rejection from their key resistance levels last week, with the correction threatening to extend into a broader bearish trend.
Ethereum dumped hard in Q1 2025, underperforms Bitcoin and Solana: Here's why
Ethereum's (ETH) price growth has slowed over the past year, recording gains of 47% in 2024, far less than the 400% seen in the 2021 bull cycle. While Bitcoin and Solana raged to new highs, the top altcoin's momentum weakened, dropping its dominance to 7% from 19% in 2024.Fxstreet
Fri, May 2
USD/JPY retreats from highs as Dollar weakens and Japan signals tariff pushback
USD/JPY pulls back toward the 145.00 area on Friday after extending gains earlier in the week. The pair loses momentum in tandem with the US Dollar, which fell below 99.50 following a firm rejection at the 100.00 level.Fxstreet
Fri, May 2
Gold price slips after robust US jobs data, trade optimism
Gold (XAU/USD) price edged down over 0.35% on Friday, poised to end the week with losses of over 2.50%. An improvement in risk appetite due to easing trade tensions alongside a strong labor market report in the United States (US) prompted investors to book profits ahead of the weekend.
Fxstreet
Fri, May 2
EUR/USD Price Analysis: Euro climbs toward 1.1400 but faces mixed momentum signals
The EUR/USD pair extended higher on Friday, pushing into the 1.1400 zone after the European session, as buyers retained control in the broader trend. Despite the advance, underlying momentum remains uncertain, with mixed signals from short-term indicators.Fxstreet
Fri, May 2
USD/CAD dips as easing trade tensions and soft US data weigh on Greenback
The USD/CAD is trading with losses around the 1.3800 level on Friday, as the pair continues to retreat from the prior session’s highs. The move comes as the US Dollar weakens broadly across the board after a failed attempt to reclaim the 100.00 mark on the US Dollar Index (DXY).Fxstreet
Fri, May 2