GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
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GBP/JPY Price Forecast: Holds above 218.00 bulls eye YTD peak
Forex
USD/JPY has finally broken higher after weeks of compression, with easing bearish sentiment towards the Japanese yen adding fuel to the rally. While the US dollar led the move, the technical backdrop also favours further upside for GBP/JPY, although crude oil prices remain a key variable for CAD/JPY bears.
The USD is ending the session mostly higher vs the major currencies. The one exception was the AUD where the greenback fell -0.11%.
Although USD/MXN has declined more than 0.8% over the last few sessions, favoring the Mexican peso, the broader chart still does not show a clear direction. For now, the Mexican currency remains in an important neutral phase, in a context where the renewed threat of tariffs in North America and the lack of strong signals continue to limit confidence.
Silver Price Forecast: XAG to break resistance trendline, eyes on $60
The Dollar has rallied for four days now and is testing trendline resistance, driven by the breakout in USD/JPY. EUR/USD is t.
Gold price rallies amid Gulf war strikes, strong US Dollar
USD/JPY has broken out of its July range to trade at fresh yearly highs. Key resistance just overhead may determine whether t.
Silver and platinum have also gained strong upside momentum in today's trading session.
It has not been an easy start to the week for the Canadian dollar. Now, renewed weakness in the currency is becoming evident, while USD/CAD has gained more than 0.6% over the last 2 trading sessions, reflecting U.S. dollar strength and a new loss of momentum in the CAD.
Pound Sterling Price News and Forecast: GBP/USD drops as geopolitical risk premium revives USD
Rising demand for safe-haven assets provided support to the American currency.
USD/CHF Price Forecast: Buyers hold the upper hand above 0.8000
USD/JPY climbs above 163.00 for the first time since 1986
Outside of earnings reports from Alphabet and Tesla after the bell tomorrow, most of the major market-moving economic data will come from the European continent this week. Today's focus is on the situation in the UK.
Euro slips as Middle East tensions boost the US Dollar despite upbeat ZEW surveys
Silver Price Forecast: XAG/USD surges as Middle East tensions boost safe-haven demand
Michael Boutros, Senior Market Analyst at FOREX.com, examines the USD/CHF technical outlook as the Swiss franc approaches a critical long-term resistance zone. Using monthly, weekly, daily and four-hour charts, he explains the key breakout and support levels, momentum divergence, and why technical structure is likely to drive the pair ahead of next week's Federal Reserve meeting.
Euro: Range-bound against US Dollar ahead of ECB – Scotiabank
XAUUSD buyers hold Tuesday's gains as ceasefire hopes offset rising crude, Treasury yields and dollar strength after fresh Middle East attacks.