EUR/USD breaks above 1.1100 amid EU hopes, US-Sino tensiosn

EUR/USD has hit a new two-month high above 1.11, amid hopes for a fiscal boost in Europe, and as growing Sino-American tensions seem to weigh on the dollar for a change. EZ inflation, US data, Trump's China speech, and end-of-month flows are in play.

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EUR/USD News

GBP/USD advances amid US dollar weakness, shrugging off concerns

GBP/USD is trading above 1.23, edging higher amid US dollar weakness and Britain's gradual reopening. Intensifying Sino-American tensions and the Brexit impasse are ignored. 

GBP/USD News

Forex Today: Dollar dives, decoupling from stumbling stocks ahead of Trump's Chinese announcement

The US dollar remains on the back foot, with EUR/USD topping 1.11, despite a worsening market mood related to Sno-American relations. President Donald Trump will announce actions against China following Beijing's tightening of its grip on Hong Kong. 

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Gold pokes $1,721/23 resistance area

Gold prices extend the latest recovery from $1,711 as DXY refreshes two-month low. A confluence of 10-day EMA, nine-day-old falling trend line probes immediate upside. An ascending trend line from April 21 favors the bulls.

Gold News

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Cardano and Bitcoin set the pace for the end of May crypto rallies

Bitcoin majestically stepped above $9,600 after breaking the key hurdle at $9,400 for the first time in seven days. This incredible recovery follows last week’s dive to $8,600. BTC/USD has spent the majority of the time this week trying to climb above $9,000.

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Ripple Price Analysis: XRP/USD charts bearish cross patten

XRP/USD continued its bullish domination as the price went up slightly from $0.1979 to  $0.1982. Presently, the price has peeked above the green Ichimoku cloud, while it has found resistance at ...

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ETH/USD breaks out into the $220 zone, will it be $230 or $210 next?

Ethereum price followed in the footsteps of the largest cryptocurrency by market capitalization, Bitcoin. BTC sprung upwards and for the first time in seven days, stepped above $9,600.

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Tezos Price Analysis: XTZ breaks out of the triangle pattern on the hourly chart

Tezos has been trading higher on Thursday as most of the crypto majors trade in the black. The price recently converged into a triangle formation making lower high waves and higher low waves.

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EUR/USD intraday: Further upside

EUR/USD intraday: Further upside

USD/JPY targets 107.30 below 107.50

AUD/USD: A break above 0.6680 is an important medium-term buy signal

SPECIAL WEEKLY FORECAST

EUR/USD Forecast: Feel lost? So do central bankers

The global downturn will likely deepen in the second quarter of the year. Central banks ready to do more, but the Fed refuses to go into negative rates. Are the EUR/USD disappointed bulls willing to give up?

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GBP/USD Forecast: Boris's Brexit and lockdown decisions stand out after the vaccine-driven rally

Hope has trumped reality– even President Donald Trump's criticism of China and a slew of concerns in the UK. Promising results were enough to keep the pound positive on the week...

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USD/JPY Forecast:  Don’t look back, risk-aversion might be gaining

The USD/JPY consolidated its breakout this week as tensions between the United States and China over a variety of topics bolstered the dollar against the yen in a mild return to risk-aversion pricing.

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AUD/USD Forecast: Relations with China reversed the rally, can an improvement revive it?

AUD/USD has hit new highs over vaccine hopes but lost ground amid geopolitical concerns. China-US relations, China's rate decision, the RBA's minutes, and coronavirus statistics stand out.

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Bitcoin Weekly Forecast: BTC bulls are nowhere to be seen

Bitcoin attempted a recovery towards $10,000 but ended up at $9,100. The first digital asset printed the second red candle on a weekly chart. It is an alarming signal for the long-term bull as BTC may be vulnerable to deeper losses. 

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Gold Price Forecast: Speculative interest keeps buying the dips

Gold prices have reached fresh multi-year highs this week, with spot hitting $ 1,765.19 a troy ounce. Despite ending the week in the red, the bright metal holds on to its bullish potential, backed by renewed tensions between...

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Yohay Elam

Gold has been consolidating its gains after recovering from a dive below $1,700. Can it extend its gains on the last day of May?

The Technical Confluences Indicator is showing that XAU/USD is trading above a strong support line at $1,718, which is the convergence of the previous weekly low, the Bollinger Band one-day Middle, the Simple Moving Average 10-4h, and the BB 4h-Middle.

Further down, another cushion awaits at $1,705, which is the meeting point of the previous daily low and the Fibonacci 23.6% one-month.

Looking up, some resistance awaits at $1,729, which is the confluence of the SMA 50-4h, the Fibonacci 23.6% one-week, and the SMA 200-1h.

Gold's upside target is $1,740, where the Pivot Point one-day Resistance 2 hits the price.

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