Forex News

Silver Price Forecast: XAG/USD rises to near $33.00 on M&A news, geopolitical tensions

By Fxstreet

Silver Price Forecast: XAG/USD rises to near $33.00 on M&A news, geopolitical tensions

Silver price (XAG/USD) is extending its gains for the third consecutive session, trading around $32.90 per troy ounce during Asian hours on Monday.

Silver

Metals

Commodities

Macroeconomics

XAGUSD

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USD/CHF jumps to near 0.8350 on US-China trade hopes

News Discussion Forum

By Fxstreet

USD/CHF jumps to near 0.8350 on US-China trade hopes

The USD/CHF pair rises to near 0.8340 during the early European session on Monday. The Swiss Franc (CHF) edges lower against the Greenback amid easing concerns of a trade war between the United States (US) and China, the world's two biggest economies.

Majors

USDCHF

Macroeconomics

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Market Outlook for the week of 12th - 16th May

News Discussion Forum

By Forex Live

Market Outlook for the week of 12th - 16th May

Highlights of the week include Australian labor market data, U.S. inflation and retail sales figures

AUD

USD

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One good reason to be optimistic of US-China talks over the weekend

News Discussion Forum

By Forex Live

One good reason to be optimistic of US-China talks over the weekend

China rarely ever sounds this positive in painting the same picture as Trump's interpretation

Politics

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EUR/USD Price Analysis: Bears await break below 1.1200 ahead of US-China joint statement

News Discussion Forum

By Fxstreet

EUR/USD Price Analysis: Bears await break below 1.1200 ahead of US-China joint statement

The EUR/USD pair kicks off the new week on a weaker note amid a modest US Dollar (USD) uptick, bolstered by the optimism over a US-China trade deal.

Technical Analysis

Currencies

EURUSD

TradeWar

Majors

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Gold price selling bias remains unabated; bears retain control amid a combination of negative factors

News Discussion Forum

By Fxstreet

Gold price selling bias remains unabated; bears retain control amid a combination of negative factors

Gold price (XAU/USD) drops to a one-and-a-half-week low, around the $3,216 area, during the first half of the European session on Monday and seems vulnerable to slide further.

RiskAppetite

Fed

SEO

Gold

Commodities

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India Gold price today: Gold falls, according to FXStreet data

News Discussion Forum

By Fxstreet

India Gold price today: Gold falls, according to FXStreet data

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Gold

Commodities

Metals

India

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US Dollar Index Price Forecast: Trades near 100.50, remains below channel’s upper boundary

News Discussion Forum

By Fxstreet

US Dollar Index Price Forecast: Trades near 100.50, remains below channel’s upper boundary

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.60 during the Asian hours on Monday.

Technical Analysis

Majors

DollarIndex

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Goldman Sachs has raised its forecast for China's yuan

News Discussion Forum

By Forex Live

Goldman Sachs has raised its forecast for China's yuan

USD/CNY to 7

CNY

CNH

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USD/INR rises as India-Pakistan top military officials to speak as ceasefire holds

News Discussion Forum

By Fxstreet

USD/INR rises as India-Pakistan top military officials to speak as ceasefire holds

The Indian Rupee (INR) weakens on Monday, pressured by increasing tensions on the border between the nuclear-armed rivals India and Pakistan. The renewed US Dollar (USD) demand following the optimism between US-China trade talks and a jump in crude oil prices could drag the Indian currency lower.

EmergingMarkets

SEO

USDINR

India

Macroeconomics

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ForexLive Asia-Pacific FX news wrap: US & China officials upbeat on trade talks

News Discussion Forum

By Forex Live

ForexLive Asia-Pacific FX news wrap: US & China officials upbeat on trade talks

Forex news for Asian trading on Monday, May 12, 2025

Session wrap

Wrap Asia

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USD/CAD steadies near 1.3950 as US Dollar receives support from trade optimism

News Discussion Forum

By Fxstreet

USD/CAD steadies near 1.3950 as US Dollar receives support from trade optimism

USD/CAD is attempting to hold gains for the fourth consecutive session, hovering around 1.3940 during Monday’s Asian trading hours. The pair remains supported as the US Dollar (USD) gains strength following reported progress in US-China trade talks over the weekend in Switzerland.

Canada

BOC

USDCAD

Majors

Macroeconomics

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WTI sits near two-week high, just below $61.00 as traders await US-China trade deal details

News Discussion Forum

By Fxstreet

WTI sits near two-week high, just below $61.00 as traders await US-China trade deal details

West Texas Intermediate (WTI) US Crude Oil prices rise to a nearly two-week high during the Asian session on Monday, though bulls struggle to find acceptance or build on the momentum beyond the $61.00 mark.

Oil

OPEC

TradeWar

WTI

Commodities

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Australian Dollar depreciates due to positive US-China trade developments

News Discussion Forum

By Fxstreet

Australian Dollar depreciates due to positive US-China trade developments

The Australian Dollar (AUD) is depreciating as the US Dollar (USD) strengthened after the release of a joint statement from the high-level trade negotiations held over the weekend in Geneva, Switzerland.

Australia

SEO

Majors

AUDUSD

Macroeconomics

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Japanese Yen plummets to fresh one-month low against USD after US and China agree to lower tariffs

News Discussion Forum

By Fxstreet

Japanese Yen plummets to fresh one-month low against USD after US and China agree to lower tariffs

The Japanese Yen (JPY) adds to intraday losses and touches a fresh one-month low against its American counterpart heading into the European session on Monday as the US-China trade deal optimism continues to weigh on safe-haven assets.

TradeWar

Fed

BOJ

SEO

USDJPY

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NZD/USD attracts some buyers above 0.5900 on US-China trade optimism

News Discussion Forum

By Fxstreet

NZD/USD attracts some buyers above 0.5900 on US-China trade optimism

The NZD/USD pair gains traction to near 0.5925 during the Asian trading hours on Monday. The New Zealand Dollar (NZD) strengthens against the Greenback amid easing concerns over a trade war between the United States and China.

Majors

NZDUSD

Macroeconomics

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Japan PM Ishiba: Autos, agriculture, airplane parts are all separate from security matters

News Discussion Forum

By Fxstreet

Japan PM Ishiba: Autos, agriculture, airplane parts are all separate from security matters

Japanese Prime Minister (PM) Shigeru Ishiba said on Monday that “autos, agriculture, airplane parts are all separate from security matters,” while setting out some outlines on trade negotiations.

TradeWar

UnitedStates

Japan

USDJPY

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News Discussion Forum

By Forex Live

Japan PM Ishiba: Autos, agriculture, airplane parts are all separate from security matters

Japan is drawing lines in negotiations

JPY

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PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2095 previous

News Discussion Forum

By Fxstreet

PBOC sets USD/CNY reference rate at 7.2066 vs. 7.2095 previous

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.2066 as compared to Friday's fix of 7.2095 and 7.2429 Reuters estimate.

Currencies

CentralBanks

USDCNY

PBOC

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Goldman Sachs forecasts - Brent/WTI average $60/56 in the rest of 2025, and $56/52 in 2026

News Discussion Forum

By Forex Live

Goldman Sachs forecasts - Brent/WTI average $60/56 in the rest of 2025, and $56/52 in 2026

Expects solid supply growth

Oil

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EUR/USD trades below 1.1250, eases due to ECB dovish signals

News Discussion Forum

By Fxstreet

EUR/USD trades below 1.1250, eases due to ECB dovish signals

EUR/USD is retreating from gains posted in the previous session, trading near 1.1240 during Monday’s Asian session.

ECB

EURUSD

Eurozone

Majors

Macroeconomics

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Gold Price Forecast: XAU/USD tumbles below $3,300 on progress in US-China trade talks

News Discussion Forum

By Fxstreet

Gold Price Forecast: XAU/USD tumbles below $3,300 on progress in US-China trade talks

The Gold price (XAU/USD) attracts some sellers to near $3,275 during the early Asian session on Monday, pressured by a stronger US Dollar (USD). Optimism in US-China trade talks in Geneva, Switzerland, over the weekend has dragged the precious metal lower.

XAUUSD

Gold

Commodities

Macroeconomics

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Awaiting the joint statement from China and the US on Geneva trade talks - no time set

News Discussion Forum

By Forex Live

Awaiting the joint statement from China and the US on Geneva trade talks - no time set

Update

China

USD

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GBP/USD trades with negative bias below 1.3300 amid modest USD strength

News Discussion Forum

By Fxstreet

GBP/USD trades with negative bias below 1.3300 amid modest USD strength

The GBP/USD pair kicks off the new week on a weaker note and reverses a part of Friday's modest recovery from the vicinity of the 1.3200 mark, or over a three-week low.

Recession

Currencies

TradeWar

Fed

GBPUSD

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Japan: April bank loans rise slower than March; March current account surplus as expected

News Discussion Forum

By Forex Live

Japan: April bank loans rise slower than March; March current account surplus as expected

Data from Japan not the focus

JPY

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India and Pakistan both claim victory as ceasefire seems to hold

News Discussion Forum

By Fxstreet

India and Pakistan both claim victory as ceasefire seems to hold

India and Pakistan have both claimed victory after a ceasefire was declared over the weekend, which brought the two nuclear nations back from the brink of war.

India

Macroeconomics

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South Korean initial exports data for May - down 23.8% y/y in first 10 days of the month

News Discussion Forum

By Forex Live

South Korean initial exports data for May - down 23.8% y/y in first 10 days of the month

Barf

KRW

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Trade ideas thread - Monday, 12 May, insightful charts, technical analysis, ideas

News Discussion Forum

By Forex Live

Trade ideas thread - Monday, 12 May, insightful charts, technical analysis, ideas

Post 'em if ya got 'em!

USD

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US President Donald Trump says he’ll sign executive order that aims to cut drug prices

News Discussion Forum

By Fxstreet

US President Donald Trump says he’ll sign executive order that aims to cut drug prices

US President Donald Trump announced Sunday that he will sign an executive order that would cut prescription drug and pharmaceutical prices "almost immediately, by 30% to 80%.”

TradeWar

UnitedStates

Macroeconomics

AIMS

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UK hiring outlook hits post-COVID low as employer confidence weakens

News Discussion Forum

By Forex Live

UK hiring outlook hits post-COVID low as employer confidence weakens

CIPD employment intentions gauge fell from +13 to +8

GBP

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AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks

News Discussion Forum

By Fxstreet

AUD/USD gathers strength above 0.6400 amid optimism in US-China trade talks

The AUD/USD pair edges higher to around 0.6420 during the early Asian session on Monday. Optimism in US-China trade negotiations in Geneva, Switzerland, boosts the Australian Dollar (USD) against the Greenback.

Majors

AUDUSD

Macroeconomics

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Heads up for Chinese President Xi to speak publicly on May 13

News Discussion Forum

By Forex Live

Heads up for Chinese President Xi to speak publicly on May 13

China's President Xi Jinping schedueld speaking engagement

China

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News Discussion Forum

By Fxstreet

US, China cite ‘substantial progress’ in Geneva trade talks - Bloomberg

China's Vice Premier He Lifeng described the weekend talks with US officials as “an important first step” in stabilising bilateral trade relations, per Bloomberg.

China

UnitedStates

Macroeconomics

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