Forex News

EUR/USD drops to near 1.0700 amid uncertainty ahead of US core PCE Inflation data for May. The US Dollar exhibits strength on the Fed’s hawkish remarks. The near-term outlook of the Euro is uncertain ahead of French elections and the Eurozone preliminary HICP. EUR/USD edges down to near the crucial support of 1.0700 in Friday’s…

Barring a break below 7.2920, the US Dollar (USD) could rise and test the major resistance level at 7.3100. USD could break above 7.3100, but it is too early to tell if the next significant resistance at 7.3400 will come into view, UOB Group analysts suggest. USD is unlikely to break above 7.3100 24-HOUR VIEW:…

The US Dollar (USD) is likely to trade in a range between 160.20 and 161.00. Strong momentum suggests further USD strength. Resistance levels are at 161.00 and 161.50, UOB Group analysts note. USD needs to breach 159.40 to become weaker 24-HOUR VIEW: “After USD surged two days ago, we indicated yesterday that it ‘could test…

Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $29.28 per troy ounce, up 1.04% from the $28.98 it cost on Thursday. Silver prices have increased by 23.05% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 29.28 1 Gram 0.94   The Gold/Silver ratio,…

The New Zealand Dollar (NZD) is likely to trade sideways between 0.6065 and 0.6115. It may continue to weaken, and the next support level to watch is 0.6040, UOB Group analysts say. A breach above 0.6135 to end the NZD weakness 24-HOUR VIEW: “While we expected further NZD weakness yesterday, we indicated that ‘the major…