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USD/CHF Price Forecast: Bearish outlook remains in play below 0.8250
The USD/CHF pair recovers some lost ground to near 0.8220 during the early European session on Tuesday. However, the potential upside for the pair might be limited amid the concerns over the mounting US national deficit.
US Dollar Index Price Forecast: Hovers around 99.00, with a persistent bearish bias
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent losses from the previous session. The DXY is trading around 98.80 during the Asian hours on Tuesday.
EUR/JPY Price Forecast: Bulls and bears jostle around 200-hour SMA, above mid-162.00s
The EUR/JPY cross dropped to the 162.00 mark during the Asian session on Tuesday and eroded a major part of the previous day's gains led by the optimism over the EU tariff delay.
EUR/USD gathers strength to near 1.1400 as Trump delays EU tariffs
The EUR/USD pair trades in positive territory near 1.1395 during the Asian trading hours on Tuesday. The Euro (EUR) edges higher to the highest since late April against the US Dollar (USD) after US President Donald Trump delayed the imposition of 50% tariffs on Europe.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold price consolidates below two-week high; bullish potential seems intact
Gold price (XAU/USD) struggles to gain any meaningful traction and oscillates in a narrow band during the Asian session on Tuesday amid mixed fundamental cues.
Silver Price Forecast: XAG/USD holds losses below $33.50 due to fading safe-haven demand
Silver price (XAG/USD) loses ground after registering gains in the previous two sessions, trading around $33.40 per troy ounce during the Asian hours on Tuesday.
USD/INR trades flat amid a softer US Dollar
The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in the previous session. A broader gain in the Asian currencies on account of a weak US Dollar (USD) could provide some support to the Indian currency.
GBP/USD maintains position above 1.3550 near 39-month highs due to risk-on mood
GBP/USD extends its winning streak for the third successive session, trading around 1.3570 during the Asian hours on Tuesday. The pair is hovering near the 39-month high of 1.3593, which was marked on Monday.
Japanese Yen refreshes monthly high against USD on strong domestic inflation data
The Japanese Yen (JPY) attracts fresh buyers during the Asian session on Tuesday following the release of strong inflation data. Adding to this, Bank of Japan (BoJ) Governor Kazuo Ueda's comments left the door open for further policy tightening by the central bank.
Australian Dollar hovers near a psychological level after retreating from six-month highs
The Australian Dollar (AUD) remains subdued against the US Dollar (USD) for the second successive day on Tuesday. However, the AUD/USD pair maintains its position near a psychological 0.6500 level after pulling back from a six-month high of 0.6537, which was reached on Monday.
NZD/USD extends the rally to near 0.6000 ahead of RBNZ rate decision
The NZD/USD pair extends its upside to around 0.6000 during the early Asian session on Tuesday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) amid renewed trade tensions and growing concerns about the US fiscal outlook.
PBOC sets USD/CNY reference rate at 7.1876 vs. 7.1833 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1876 as compared to the previous day's fix of 7.1833 and 7.1842 Reuters estimate.
Japan's Kato: Market sees rising rates as reflecting concerns about state finances
Japan's Finance Minister Shunichi Kato said on Tuesday that interest rates reflect various factors, but the market sees rising rates as reflecting concerns about state finances.
BoJ's Ueda: Close to inflation target but not quite there
Bank of Japan Governor Kazuo Ueda said on Tuesday that while the Japanese central bank are now closer to the inflation target than any time during the last few decades, the BoJ is not quite there.
WTI holds steady below $61.50 as traders brace for OPEC+ next move
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.25 during the Asian trading hours on Tuesday. The WTI price holds steady as traders awaits clarity on OPEC+ next move on May 31.
USD/CAD remains on the defensive below 1.3750 as the 'Sell America' theme continues
The USD/CAD pair remains on the defensive near 1.3735 during the early Asian session on Tuesday. The US Dollar weakens against the Canadian Dollar (CAD) as investors turn away from US assets.
NZD/JPY Price Forecast: Edges higher on holiday trade, bulls to face key hurdles
NZD/JPY begins the week on a positive note after registering a gain of over 0.42% on Monday amid thin liquidity conditions, as the US and UK financial markets remained closed for a holiday.
Silver Price Forecast: XAG/USD holds above $33.00 in holiday-thinned trade
Silver price finished Monday's session with minimal gains as the Greenback's sell-off extended for the beginning of the week, even though financial markets in the US and the UK remained closed for holidays. At the time of writing, XAG/USD trades at $33.47.
USD/CHF Price Forecast: Steady near three-week low, traders eye 0.8200 break
USD/CHF clings to minimal gains of 0.03% on Monday amid the lack of trading activity due to US markets being closed for the Memorial Day holiday. However, on Sunday, US President Trump's comments boosted the Greenback after he postponed tariffs on the European Union.
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