EUR/USD recovers modestly, trades below 1.0700

EUR/USD recovers modestly, trades below 1.0700

EUR/USD has recovered modestly after having dropped to a fresh daily low below 1.0650 in the early American session. With Wall Street's main indexes trading in positive territory, the dollar is struggling to continue to gather strength before the Fed publishes the May minutes.

EUR/USD News

GBP/USD reclaims 1.2500, erases daily losses

GBP/USD reclaims 1.2500, erases daily losses

GBP/USD has regained its traction in the second half of the day and advanced toward the 1.2550 area. The improving risk sentiment seems to be limiting the dollar's gains and helping the pair push higher ahead of FOMC Minutes.

GBP/USD News

Gold retreats to $1,850 as US yields rebound

Gold retreats to $1,850 as US yields rebound

Gold has turned south in the American session and retreated to the $1,850 area. The benchmark 10-year US T-bond yield recovered into positive territory following an earlier decline, causing XAU/USD to stay under bearish pressure.

Gold News

Terra’s LUNA fork could happen tomorrow, here’s how you need to prepare

Terra’s LUNA fork could happen tomorrow, here’s how you need to prepare

Terra’s LUNA 2.0 testnet is now live, the snapshot could happen on May 26 and the mainnet launch is expected to occur as soon as Friday, May 27, thus completing the LUNA fork.

Read more

FOMC Minutes Quick Preview: Another win for the dollar, and for a different reason Premium

FOMC Minutes Quick Preview: Another win for the dollar, and for a different reason

Win-win for the dollar? That seems to be the case for the world's reserve currency as it awaits the main event of the week – the FOMC Meeting Minutes. 

Read more

LATEST NEWS

More Latest News

Release your trading powers,
Release FXStreet Premium

Subscribe Today!

PARTNER BROKERS IN YOUR LOCATION

BROKER PROMOTIONS








DEEPER DIVE

Dollar weakness stands on two vulnerable legs, Fed fear set to trigger greenback comeback Premium

Dollar weakness stands on two vulnerable legs, Fed fear set to trigger greenback comeback

Shanghai's "freedom day" and JP Morgan's optimism have sparked a relief rally, adverse for the dollar. US data and tough Fed talk on inflation could trigger fresh demand for the greenback. 

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider Premium

Where is the bottom for EUR/USD and GBP/USD? Four factors traders need to consider

EUR/USD and GBP/USD are set to extend their declines – and for good reasons. Where is the bottom? The low point for these currency pairs heavily depends on the Fed and the main question is: when will the dollar reach a top?

Three oversold cryptos that could double your portfolio

Three oversold cryptos that could double your portfolio

A brief technical and on-chain analysis on a few cryptos. Which are the massively oversold coins at this moment? How you could benefit from the crypto bloodbath? Here, FXStreet’s analysts evaluate where some of the hottest cryptos on the market could go next.

FXS Signals

Technical Confluences Detector

Dhwani Mehta

Gold Price is retreating from two-week highs of $1,870, as tensions mount in the lead-up to the minutes of the Fed May policy meeting, which is likely to provide fresh hints on the central bank’s tightening path. The broad rebound in the US dollar, despite a cautious market mood, is weighing negatively on the bright metal. Although the latest Fed commentary, which expressed concerns of soft-landing, undermines the US Treasury yields across the curve. This, in turn, helps XAUSUD to find a floor, for now.

Gold Price: Key levels to watch

The Technical Confluences Detector shows that the Gold Price is teasing the $1,855 support area, which is the convergence of the pivot point one-day S1 and the previous low four-hour.

Read Full Report

CRYPTOCURRENCIES

Binance Coin: This level stands between BNB price and $450

Binance Coin: This level stands between BNB price and $450

Binance Coin price faces a decision as it knocks on the doors of significantly stacked resistance barriers. Clearing these blockades is the only way BNB can trigger a swift run-up to important levels.

More Binance Coin News

Why MATIC price is setting the scene for a blowout

Why MATIC price is setting the scene for a blowout

Polygon (MATIC) price has had difficulty finding a supportive floor for bulls to get a foot in the door and price action moving higher. Now, however, a floor looks to have been identified at $0.62, with price action consolidating just above. 

More Polygon News

The last time this happened Shiba Inu price exploded

The last time this happened Shiba Inu price exploded

Shiba Inu price is stuck trading inside a range for nearly two weeks and shows signs of exploding soon. Interested investors can ride this wave, which is likely going to be volatile and quick.

More Shiba Inu News

Why renowned technical analysts believe Bitcoin price has bottomed out

Why renowned technical analysts believe Bitcoin price has bottomed out

Bitcoin price has been dominated by bearish sentiment recently, but the BTC trend might be nearing a turnaround. Several leading analysts in the crypto community are arguing that Bitcoin price action has developed in a more irregular manner over the years and diminishing “cycles” imply Bitcoin has bottomed out. 

More Bitcoin News

THE STOCK OF THE DAY

With China in danger of recession, all eyes on Thursday's BABA earnings for clues

With China in danger of recession, all eyes on Thursday's BABA earnings for clues

Alibaba (BABA stock) dropped 5.5% to $82.47 on Tuesday along with the broad downturn in growth stocks. The Nasdaq dropped 2.4% despite clawing back substantial ground as it spent the early part of the session down more than 3.3%. That was not BABA's only reason for decline however.

ECONOMIC CALENDAR

REAL-TIME RATES

Customize your rates

WEEKLY FORECAST

EUR/USD: Interim bottom or dead cat bounce? Premium

EUR/USD: Interim bottom or dead cat bounce?

The EUR/USD closed the week with solid gains just below the 1.0600 level. The main reason behind the advance was the dollar’s broad weakness, despite the persistent risk-averse sentiment.

Read full analysis

GBP/USD: Will the recovery sustain above 21 DMA? Premium

GBP/USD: Will the recovery sustain above 21 DMA?

GBP/USD registered the first weekly gain in five weeks. Bulls were finally rescued, as GBP/USD stalled its four-week downtrend and rebounded firmly from two-year lows of 1.2155 reached a week ago.

Read full analysis

USD/JPY: Will the turn become a plunge? Premium

USD/JPY: Will the turn become a plunge?

After two months of unsurpassed weakness the Japanese yen has been lifted from its 20-year floor by a combination of economic, fundamental and technical factors that could herald a change in circumstances. 

Read full analysis

AUD/USD: Interim top confirmed, 0.7000 at risk Premium

AUD/USD: Interim top confirmed, 0.7000 at risk

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. 

Read full analysis

Bitcoin: The last rebound before capitulation

Bitcoin: The last rebound before capitulation

Bitcoin is showing bullish signs in the lower time frames, which can be taken advantage of by traders in the next couple of days. But looking at BTC from the higher time frames suggests that the bottom is not in yet.

Read full analysis

Gold: XAU/USD starts reacting to US yields but bulls remain hesitant Premium

Gold: XAU/USD starts reacting to US yields but bulls remain hesitant

Gold reversed its direction following a drop below $1,800 at the beginning of the week and ended up snapping a 4-week losing streak. Technical indicators suggest that XAU/USD could find it difficult to continue to push higher.

Read full analysis


EDUCATION

LIVE VIDEO

NEXT LIVE SHOWS

Date Event Title Sponsor More Info
Premium Elliott Wave Theory Live Trading Juan Maldonado Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Premium US Session Open Ed Ponsi, CTA Event Details
Premium US Pre-Market Open Ed Ponsi, CTA Event Details
Be Premium Now