Will the slide in the euro continue or will the key supports come in for the buyers?

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EUR/USD holds positive ground above 1.0700, eyes on German CPI data

EUR/USD holds positive ground above 1.0700, eyes on German CPI data

EUR/USD trades on a stronger note around 1.0710 during the early Monday. The weaker US Dollar below the 106.00 mark provides some support to the major pair. All eyes will be on the Federal Reserve monetary policy meeting on Wednesday, with no change in rate expected. 

EUR/USD News

USD/JPY extends recovery after testing 155.00 on likely Japanese intervention

USD/JPY extends recovery after testing 155.00 on likely Japanese intervention

USD/JPY is recovering ground after crashing to 155.00 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action. 

USD/JPY News

Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting

Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting

Gold price (XAU/USD) struggles to capitalize on its modest gains registered over the past two trading days and edges lower on the first day of a new week, albeit the downside remains cushioned.

Gold News

XRP plunges to $0.50, wipes out recent gains as Ripple community debates ETHgate impact

XRP plunges to $0.50, wipes out recent gains as Ripple community debates ETHgate impact

Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony. 

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Week ahead: FOMC and jobs data in sight

Week ahead: FOMC and jobs data in sight

May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.

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