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AUD/NZD price analysis: Cross struggles to hold gains amid mixed signals
AUD/NZD price analysis: Cross struggles to hold gains amid mixed signals
The AUD/NZD pair is experiencing mild selling pressure on Friday, hovering near the 1.0900 zone as the market approaches the Asian session. Despite the minor losses, the broader technical outlook remains constructive, with several key indicators aligning to support the pair's upward trajectory.
Technical Analysis
Crosses
Currencies
AUDNZD
Australia
AUD/USD steadies as traders await RBA decision
AUD/USD steadies as traders await RBA decision
The AUD/USD pair is trading around the 0.6400 level during European trading hours on Friday, reflecting a broadly neutral tone as traders await the Reserve Bank of Australia (RBA) interest rate decision next week.
AUDUSD
Majors
Macroeconomics
RBA
Technical Analysis
Silver Price Forecast: XAG/USD slips as US yields rebound, hovers below $32.50
Silver Price Forecast: XAG/USD slips as US yields rebound, hovers below $32.50
Silver prices edged lower on Friday, with losses of over 1%, set to end the week on a negative note amid rising US Treasury yields, which staged a comeback late during the North American session. XAG/USD trades at $32.26 after hitting a daily peak of $32.68 at the time of writing.
Technical Analysis
XAGUSD
Silver
Metals
Moody's downgrades US debt to AA1, citing rising interest costs and unsustainable debt growth
Moody's downgrades US debt to AA1, citing rising interest costs and unsustainable debt growth
Moody's Ratings agency downgraded the US's sovereign debt credit rating after the market close on Friday. According to Moody's, the US is facing rising debt funding costs that far exceed those of similar government debt loads.
UnitedStates
Credit
RatingAgencies
Politics
NZD/JPY price analysis: Cross struggles to maintain upward momentum
NZD/JPY price analysis: Cross struggles to maintain upward momentum
The NZD/JPY pair is attempting to hold on to modest gains as it trades near the 85.70 zone ahead of the Asian session on Friday.
Crosses
Currencies
NZDJPY
Technical Analysis
Forexlive Americas FX news wrap: Hot UMich inflation expectations cool Fed rate cut talk
Forexlive Americas FX news wrap: Hot UMich inflation expectations cool Fed rate cut talk
Forex news for North American trading on May 16, 2025
Session wrap
Wrap Nth America
Mexican Peso set for weekly gains as weak US data offsets Banxico's rate cut
Mexican Peso set for weekly gains as weak US data offsets Banxico's rate cut
The Mexican Peso (MXN) erases its previous losses against the US Dollar (USD) on Friday and Is set to finish the week with gains.
USDMXN
Banxico
Mexico
Macroeconomics
SEO
NZD/USD steadies near 0.5890 after data-driven rebound, but broader bias remains weak
NZD/USD steadies near 0.5890 after data-driven rebound, but broader bias remains weak
NZD/USD is trading slightly higher near 0.5890 during early Friday trading, recovering from recent losses as upbeat domestic data supports the Kiwi.
NZDUSD
Currencies
Majors
US stock markets climb for the fifth day in a row
US stock markets climb for the fifth day in a row
Only one negative day for the S&P 500 since April 21
Canadian Dollar backslides once again, remains rangebound
Canadian Dollar backslides once again, remains rangebound
The Canadian Dollar (CAD) continued its back-and-forth pattern against the US Dollar (USD) on Friday. The Loonie pared away the previous day’s gains and kept USD/CAD pinned near the 1.4000 handle.
USDCAD
SEO
Inflation
It's a holiday in Canada on Monday but some notable economic data later in the week
It's a holiday in Canada on Monday but some notable economic data later in the week
Some key data points ahead of the June 4 Bank of Canada rate decision
WTI crude oil rebounds above $61 as bulls defend $55 base, upside capped by Iran, OPEC+ supply risk
WTI crude oil rebounds above $61 as bulls defend $55 base, upside capped by Iran, OPEC+ supply risk
West Texas Intermediate (WTI) crude oil is trading around $62 on Friday ahead of the weekend, staging a modest rebound after snapping a two-day losing streak.
WTI
Oil
OPEC
Iran
SaudiArabia
What's on the US economic calendar for the week of May 19-23
What's on the US economic calendar for the week of May 19-23
Not a particularly exciting week
economic calendar
USD/JPY lifts as Japan’s GDP shrinks and USD stays supported on inflation fears
USD/JPY lifts as Japan’s GDP shrinks and USD stays supported on inflation fears
USD/JPY is moving higher on Friday as traders respond to weak growth figures from Japan and rising inflation expectations in the United States. 
USDJPY
GDP
Currencies
Japan
UnitedStates
US Dollar ticks higher after weak consumer sentiment offsets broader data disappointment
US Dollar ticks higher after weak consumer sentiment offsets broader data disappointment
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading slightly higher at around 101.00 on Friday after a softer-than-expected University of Michigan Consumer Sentiment survey added to a week of mixed US economic data.
DollarIndex
Currencies
Dow Jones Industrial Average finds fresh weekly highs as investor sentiment holds firm
Dow Jones Industrial Average finds fresh weekly highs as investor sentiment holds firm
The Dow Jones Industrial Average (DJIA) stepped into fresh weekly highs on Friday after investors shrugged off the second-worst print from the University of Michigan’s (UoM) Consumer Sentiment Index on record.
DowJones
SEO
TradeWar
USD/CHF limited upside as tariff uncertainty weighs on sentiment
USD/CHF limited upside as tariff uncertainty weighs on sentiment
The USD/CHF pair is trading higher on Friday, testing a significant resistance zone near 0.8380 as traders digest mixed economic signals from the United States and ongoing global trade tensions.
USDCHF
Majors
Currencies
Technical Analysis
Baker Hughes US oil rig count -1
Baker Hughes US oil rig count -1
Natural gas rigs -1
Natural gas
EUR/USD price analysis: Pair drifts lower amid bearish pressure
EUR/USD price analysis: Pair drifts lower amid bearish pressure
The EUR/USD pair is under modest selling pressure on Friday, moving near the lower end of its daily range around the 1.1100 zone.
EURUSD
Technical Analysis
Majors
Currencies
EUR/USD seen at 1.15 as US outlook weakens – Rabobank
EUR/USD seen at 1.15 as US outlook weakens – Rabobank
The resilience of the US economy in recent years was interpreted by many investors as a demonstration of US ‘exceptionalism’, Rabobank's FX analyst Jane Foley notes.
Banks
Technical Analysis
EURUSD
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.
Gold
XAUUSD
Metals
Technical Analysis
Trump tax bill fails in House panel
Trump tax bill fails in House panel
Republicans split on cost
Politics
EUR/CHF price analysis: Cross struggles amid mixed technical signals
EUR/CHF price analysis: Cross struggles amid mixed technical signals
The EUR/CHF pair is navigating a cautious tone on Friday, hovering around the 0.94 zone with modest gains.
Crosses
Technical Analysis
Currencies
EURCHF
EURJPY
USD/CHF Price Forecast: Rejection at resistance risks fresh downside
USD/CHF Price Forecast: Rejection at resistance risks fresh downside
The US Dollar (USD) is trading higher against the safe-haven Swiss Franc (CHF) on Friday, as markets continue to digest the ongoing developments in tariff negotiations, interest rate expectations, and broader risk sentiment.
USDCHF
Technical Analysis
Majors
Currencies
European equity close: Solid finish to a fifth-straight week of gains
European equity close: Solid finish to a fifth-straight week of gains
Closing changes for the main European bourses on the day and the week
Stocks
GBP/USD slips below 1.33 as US consumer sentiment turns negative, boosts USD
GBP/USD slips below 1.33 as US consumer sentiment turns negative, boosts USD
The Pound Sterling (GBP retreats against the US Dollar (USD) during the North American session, poised to end the week with minimal losses of over 0.24%.
GBPUSD
Majors
Technical Analysis
Currencies
Fundamental Analysis
Euro sags as US yields climb off the floor
Euro sags as US yields climb off the floor
Euro falls to the lows of the day
NZD/USD edges higher as upbeat New Zealand data offsets cautious US Dollar tone
NZD/USD edges higher as upbeat New Zealand data offsets cautious US Dollar tone
NZD/USD edges higher to trade near 0.5894 at the start of the American trading hours on Friday, snapping a two-day losing streak. The pair is holding within this week’s range as it draws support from upbeat domestic data and rising inflation expectations.
NZDUSD
RBNZ
Inflation
PMI
US UoM Consumer Sentiment Index is seen at 50.8 in May
US UoM Consumer Sentiment Index is seen at 50.8 in May
US consumer sentiment weakened in early May, according to the University of Michigan’s preliminary survey. The Consumer Sentiment Index fell to 50.8 from 52.2 in April, undershooting market expectations and markin a decline in household confidence.
ConsumerConfidence
UnitedStates
EconomicIndicator
DollarIndex
EUR/JPY flattens around 163.00, Japan Q1 GDP contracts by 0.2%
EUR/JPY flattens around 163.00, Japan Q1 GDP contracts by 0.2%
The EUR/JPY pair trades flat around 163.00 after recovering its initial losses during North American trading hours on Friday. The cross rebounds as the Japanese Yen (JPY) faces slight selling pressure, following the release of the Japan Q1 Gross Domestic Product (GDP) data.
EURJPY
ECB
BOJ
GDP
Inflation
UMich May prelim consumer sentiment 50.8 vs 53.4 expected
UMich May prelim consumer sentiment 50.8 vs 53.4 expected
US May 2025 prelim UMich consumer sentiment
Japan not keep for compromise in US trade talks
Japan not keep for compromise in US trade talks
Japan wants all the auto tariffs removed