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Gold Price Forecast: XAU/USD recovered above $3,300 with higher highs still likely
1744908831 from FXSTREET
Gold price retreated further from its record high on Thursday, trading as low as $3,284.10 early in the American session. The US Dollar (USD) maintained its bearish bias against all major rivals throughout the day, with XAU/USD easing on the back of profit-taking.
GBP/USD hold steady near 1.3250 after mixed US economic data
1744904098 from FXSTREET
The Pound Sterling remained steady against the US Dollar on Thursday after US economic data suggested that the labor market remains solid, while housing data was mixed. At the time of writing, the GBP/USD trades at 1.3250 up 0.11%.
EUR/USD Price Forecast: Bulls retain control amid ECB announcement
1744895325 from FXSTREET
The FX board entered holiday mood on Thursday, with most major pairs confined to tight intraday ranges throughout the first half of the day. The EUR/USD pair hovered a few pips below the 1.1400 mark after posting an intraday peak of 1.1409 early in the Asian session.
USD/JPY Price Forecast: Attempted recovery is likely to get sold into amid trade war woes
1744879270 from FXSTREET
The USD/JPY pair stages a goodish recovery from the 141.60 region, or its lowest level since September 2024 touched earlier this Thursday, and sticks to its positive bias through the first half of the European session.
US Dollar Weekly Forecast: The greater good?
1744392906 from FXSTREET
Another horrid week saw the US Dollar (USD) trade under heavy pressure, extending its acute sell-off for the third consecutive week and dragging the US Dollar Index back below the psychological 100.00 support for the first time since April 2022.
EUR/USD Price Analysis: Bulls push toward fresh highs as pair trades above the 1.1300 zone
1744386855 from FXSTREET
The EUR/USD pair extended its rally on Friday, rising sharply and moving near the 1.1300 zone after the European session. With the pair positioned mid-range between 1.1187 and 1.1473, bulls remain in control, pushing toward new highs for the year amid renewed risk appetite.
GBP/USD rallies past 1.3000 as China escalates trade-war with US
1744384924 from FXSTREET
The Pound Sterling (GBP) extends its gains versus the US Dollar (USD) as the US-China trade war escalates, with Beijing imposing 125% tariffs on US goods. Trade policies continue to drive price action, with economic data taking a backseat. At the time of writing, GBP/USD trades at 1.3067, up 0.77%.
US UoM Consumer Sentiment Index drops to 50.8 in April vs. 54.5 expected
1744380546 from FXSTREET
Consumer confidence in the US continued to deteriorate in April, with the University of Michigan's (UoM) Consumer Sentiment Index dropping to 50.8 in the flash estimate from 57 in March. This reading came in worse than the market expectation of 54.5.
WTI falls below $59.50 due to escalating US-China tensions, OPEC+ supply boost
1744338793 from FXSTREET
West Texas Intermediate (WTI) crude oil price fell for a second straight session, trading around $59.30 per barrel during Asian hours on Friday. The decline comes amid rising US-China trade tensions, which are clouding the demand outlook.
Gold Price Forecast: XAU/USD resumes record rally on trade-war woes
1744301428 from FXSTREET
Spot Gold maintains its positive momentum on Thursday, surging to a fresh record high of $3,175.07. Markets are all about tariffs, regaining their optimism after United States (US) President Donald Trump announced a 90-day pause on reciprocal tariffs, announced last week.
EUR/USD Price Forecast: Buyers retain control after encouraging US data
1744290384 from FXSTREET
Markets recovered the optimism on Wednesday, on fresh trade war headlines. The White House announced a 90-day pause on most tariffs announced a week earlier, aimed at bringing countries to the negotiation table.
GBP/USD Forecast: Pound Sterling gives bullish signs ahead of US inflation data
1744279117 from FXSTREET
GBP/USD continues to push higher and trades at around 1.2880 in the European session on Thursday after posting gains for two consecutive days. The pair's technical outlook points to a bullish tilt as market focus shifts to March Consumer Price Index (CPI) data from the US.
USD/CAD holds losses below 1.4100 ahead of US CPI data
1744276512 from FXSTREET
USD/CAD loses ground for the second successive day, trading around 1.4090 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) remains subdued ahead of the high-impact Consumer Price Index (CPI) inflation report for March set to be published on Thursday at 12:30 GMT.
EUR/USD Forecast: Euro poised to stretch higher after US tariff pause
1744274615 from FXSTREET
After rising toward 1.1100 on Wednesday, EUR/USD lost its traction in the American session and closed the day virtually unchanged. The pair gathers bullish momentum in the European session on Thursday and trades comfortably above 1.1000.
AUD/USD Price Forecast: US-China trade tensions cap gains near 0.6200 confluence, ahead of US CPI
1744272656 from FXSTREET
The AUD/USD pair extended the previous day's solid recovery move from the vicinity of the 0.5900 mark, or its lowest level since March 2020, and attracted buyers for the second consecutive day on Thursday.
Gold Price Forecast: XAU/USD awaits US CPI inflation amid deepening US-China trade war
1744254910 from FXSTREET
Gold price is biding time near $3,100 in Asian trading on Thursday, gathering strength for the next push higher. The further upside in the Gold price depends on the upcoming US Consumer Price Index (CPI) data.
EUR/USD Price Forecast: A move to the 2025 highs remains in place
1744224339 from FXSTREET
The Euro (EUR) gave away most of its gains on Wednesday, prompting EUR/USD to fade the initial uptick to as high as the boundaries of the 1.1100 milestone as investors assessed Trump’s announcement of a 90-day pause to reciprocal tariffs for non-retaliatory countries.
EUR/USD Price Forecast: Buyers return amid US recession fears
1744203589 from FXSTREET
The EUR/USD pair trades near 1.1100, gaining upward momentum amid renewed US Dollar (USD) weakness. United States (US) President Donald Trump's reciprocal tariffs, accounting for as much as 104% on China, but also extended to over 180 countries, came into effect today.
GBP/USD Forecast: Pound Sterling needs to stabilize above 1.2815 to extend rebound
1744191642 from FXSTREET
GBP/USD holds its ground and trades in positive territory above 1.2800 after posting modest gains on Tuesday. The pair's near-term technical outlook, however, doesn't yet highlight a buildup of bullish momentum.
Gold price builds on strong intraday gains; bulls retain control near $3,050 area amid risk-off mood
1744183300 from FXSTREET
Gold price (XAU/USD) climbs back closer to the $3,050 area during the early European session on Thursday as worries that an all-out global trade war would push the world economy into recession continue to boost safe-haven demand.
Gold Price Forecast: Third time a charm for XAU/USD buyers?
1744173068 from FXSTREET
Gold price is looking to finally end its corrective downside early Wednesday, finding demand once again near the $2,970 region. A sustained upside in Gold price hinges on the market reaction to the reciprocal tariffs and the Minutes of the US Federal Reserve (Fed) March policy meeting.
Mexican Peso weakens amid tariff concerns despite trade deal hopes
1744134543 from FXSTREET
The Mexican Peso prolonged its losses for the third straight day against the Greenback as market sentiment improved, spurred by revelations of US Treasury Secretary Scott Bessent that deals could be made with major trading partners. At the time of writing, the USD/MXN trades at 20.72, up 0.25%.
Gold Price Forecast: XAU/USD sees dip-buying amid trade war escalation, will it last?
1744081975 from FXSTREET
Gold price is building on its rebound from one-month lows of $2,957 early Tuesday, replicating the moves seen in Monday’s Asian trading. In doing so, Gold buyers retake the $3,000 threshold, but will they sustain the upswing amid escalating US-China trade tensions?
BoC outlook survey highlights deteriorating trade expectations on tariff fears
1744048769 from FXSTREET
The Bank of Canada's (BoC) Business Outlook Survey for the first quarter has shown that overlook economic activity expectations are contracting sharply as the United States (US) seeks to spark a global trade war across the board.
EUR/USD Price Forecast: Gains still underpinned by the 200-day SMA
1744047954 from FXSTREET
The selling pressure in the Euro (EUR) is regaining its footing on Monday, prompting EUR/USD to briefly dip to the sub-1.0900 region to hit two-day lows on the back of another firm tone in the US Dollar (USD).
USD/CAD trades with positive bias around mid-1.4200s as Oil prices tumble to multi-year low
1743997169 from FXSTREET
The USD/CAD pair attracts some follow-through buying for the second consecutive day on Monday and looks to build on last week's modest recovery from the 1.4030-1.4025 region or year-to-date low.
NZD/USD Price Analysis: Kiwi plunges below 0.5600 as sellers extend their grip
1743803940 from FXSTREET
The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area as bearish momentum dominated the session. The pair traded deep in the red, shedding over 3% on the day and remaining mid-range between recent extremes at 0.5551 and 0.5798.
Silver Price Forecast: XAG/USD collapses over 7%, drops below $30.00
1743801002 from FXSTREET
Silver price plummeted on Friday as financial market turmoil continued for the third straight day, following US President Donald Trump's decision to impose reciprocal tariffs. Consequently, China retaliated, sparking fears of a global economic slowdown.