Forex News & Analysis

Cut Costs, Keep Traders — NYCServers Expands Free VPS Program for Brokers

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By Finance Magnates

Cut Costs, Keep Traders — NYCServers Expands Free VPS Program for Brokers

NYCServers is now onboarding new partners globally and expanding its program

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Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank

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By Fxstreet

Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank

The price of Gold has come under considerable pressure in recent days, Commerzbank's commodity analyst Carsten Fritsch notes.

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UK: EU trade deal remains the biggest prize – Standard Chartered

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By Fxstreet

UK: EU trade deal remains the biggest prize – Standard Chartered

The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.

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Russia-Ukraine talks in Istanbul set to begin shortly

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By Forex Live

Russia-Ukraine talks in Istanbul set to begin shortly

Reuters with the headline, citing a source from the Turkish foreign ministry

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Oil gains on trade optimism, then slips on Iran talks – Commerzbank

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By Fxstreet

Oil gains on trade optimism, then slips on Iran talks – Commerzbank

Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.

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Silver price today: Silver falls, according to FXStreet data

News Discussion Forum

By Fxstreet

Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet data.

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News Discussion Forum

By Finance Magnates

Exclusive: Prop Brand Fuze Traders Will Merge with CFDs Broker Kubera Markets

Fuze Traders, a prop trading platform based in Switzerland, is set to merge with Labuan-regulated Kubera Markets, which operates as a contracts for differences (CFDs) broker, FinanceMagnates.

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News Discussion Forum

By Fxstreet

JPY: No summer hike – Commerzbank

The Japanese economy has not gotten off to a particularly good start this year. According to GDP figures published this morning, economic output declined slightly in the first quarter, falling by 0.2% compared with the previous quarter.

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USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group

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By Fxstreet

USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group

US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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News Discussion Forum

By Fxstreet

USD/CNH: 2-way trades likely – OCBC

USD/CNY fix continues to come in slightly softer (and below spot) for the whole week, last seen trading at 7.2057 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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EUR/USD declines as US consumer inflation expectations rise further

News Discussion Forum

By Fxstreet

EUR/USD declines as US consumer inflation expectations rise further

EUR/USD slides to near 1.11500 during North American trading hours on Friday. The major currency pair weakens as the US Dollar (USD) turns positive after recovering initial losses, following the release of the flash United States (US) consumer sentiment and inflation expectations data for May.

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USD/JPY: Upward momentum has dissipated – UOB Group

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By Fxstreet

USD/JPY: Upward momentum has dissipated – UOB Group

Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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What are the interest rates expectations after this week's events and data?

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By Forex Live

What are the interest rates expectations after this week's events and data?

Expectations consolidated for most central banks. The economic data will determine the next direction for the repricing.

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USD/JPY: Short bias on the daily charts – OCBC

News Discussion Forum

By Fxstreet

USD/JPY: Short bias on the daily charts – OCBC

USD/JPY continued to trade lower amid decline in UST yields. Pair was last at 145.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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News Discussion Forum

By Fxstreet

RUB: Unrealistic optimism – Commerzbank

USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.

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News Discussion Forum

By Fxstreet

DXY: Slight downside risk – OCBC

USD turned lower, tracking UST yields lower. DXY was last at 100.75 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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Russia demands that talks with Ukraine take place without US, Turkish representatives

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By Forex Live

Russia demands that talks with Ukraine take place without US, Turkish representatives

Reuters reports on the matter

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NZD/USD: Under mild downward pressure – UOB Group

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By Fxstreet

NZD/USD: Under mild downward pressure – UOB Group

New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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US natural gas prices drop 3.7% on storage data – ING

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By Fxstreet

US natural gas prices drop 3.7% on storage data – ING

US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.

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S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline

News Discussion Forum

By Fxstreet

S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline

South Korea's Trade Minister Ahn Duk-geun said on Friday that “there is a possibility that the trade deal might come after the 8 July deadline.”

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AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

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By Fxstreet

AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group

Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD).

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News Discussion Forum

By Fxstreet

Iran nuclear deal hopes – ING

The oil market sold off yesterday following comments from President Trump that the US and Iran were moving closer towards a nuclear deal, ING's commodity experts Ewa Manthey and Warren Patterson note.

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FTX Set for $5 Billion Second-Phase Distribution Following $7 Billion Payout

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By Finance Magnates

FTX Set for $5 Billion Second-Phase Distribution Following $7 Billion Payout

Advisers managing the bankruptcy of FTX are preparing to distribute $5 billion to the company’s creditors. This will be the second payout this year.

FTX

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GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group

News Discussion Forum

By Fxstreet

GBP/USD: Set to trade in a range of 1.3270/1.3345 – UOB Group

Pound Sterling (GBP) could trade in a range of 1.3270/1.3345. In the longer run, GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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What drives the repricing in interest rates expectations is key for the market

News Discussion Forum

By Forex Live

What drives the repricing in interest rates expectations is key for the market

The two main drivers of the repricing are growth and inflation. It's important to distinguish the main driver of the repricing because you can have different outcomes.

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News Discussion Forum

By Fxstreet

USD: Dovish momentum re-emerging – ING

This week’s data flow has been quite dovish for the Federal Reserve. After the soft April CPI, PPI dropped by 0.5% month-on-month, against expectations of a 0.2% rise, with significant upward revisions for March data.

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Gold slides 2% lower with peace talks in Turkey going ahead

News Discussion Forum

By Fxstreet

Gold slides 2% lower with peace talks in Turkey going ahead

Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday while multiple questions and concerns arise in markets and amongst traders.

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UnitedStates

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EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group

News Discussion Forum

By Fxstreet

EUR/USD: Likely to trade between 1.1145 and 1.1235 – UOB Group

Euro (EUR) is expected to continue to range trade, likely between 1.1145 and 1.1235. In the longer run, EUR is likely to consolidate between 1.1100 and 1.1290 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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South Korea says there is possibility trade deal might come after 8 July deadline

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By Forex Live

South Korea says there is possibility trade deal might come after 8 July deadline

Further remarks by South Korea's trade chief Ahn Duk-geun

Politics

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News Discussion Forum

By Fxstreet

EUR: Tied to 1.12, but looking up – ING

The Euro (EUR) has been only marginally impacted by domestic news this week. 1Q growth was revised a touch lower from 0.4% to 0.3% yesterday, although March industrial production figures were stronger than expected, ING's FX analyst Francesco Pesole notes

Banks

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