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Forecasting the upcoming week: US Dollar ends week higher after strong NFP

The US Dollar (USD) rallied to near 100.10 on Friday, rising from a daily low of 99.16, after the US Nonfarm Payrolls (NFP) report showed the economy added 172K jobs in May, well above the 85K expected, reinforcing expectations that the Federal Reserve (Fed) could raise interest rates later this yea

Source  Fxstreet1780687308
EM FX: Indonesia and Korea under pressure – BNY

BNY’s Bob Savage underscores renewed stress in parts of EM Asia, with Indonesia’s Rupiah weakening beyond 18,000 and Korean Won pressured despite a strong current account surplus.

Source  Fxstreet1780673220

India FX Reserves, USD increased to $682.32B in May 25 from previous $681.38B

Source  Fxstreet1780659007
Silver Price Forecast: XAG rebounds, capped below 50-day SMA as bears hold grip

Silver price bounces off weekly lows of $72.47, near the $74.00 level, up over 1.70%, as market mood is mixed, with investors rotating out of technology stocks and into other sectors, even though tensions around the Middle East conflict remain high.

Source  Fxstreet1780599551
Euro edges up against the British Pound but remains capped near weekly lows

The Euro (EUR) is ticking up for the second consecutive day against the British Pound (GBP) on Thursday, although it remains capped below 0.8650 so far, with the one-week low of 0.8632 at a short distance.

Source  Fxstreet1780554846
MENA FX: Carry unwinds pressure regional currencies – BNY

BNY's Bob Savage notes that most MENA (Middle East and North Africa) currencies saw net selling in May after a brief April respite, with fixed income also underperforming.

Source  Fxstreet1780437840
Forex Today: US Dollar gains on strong JOLTS data, traders await key labor market reports

The US Dollar Index (DXY) strengthened near the 99.20 price zone after the latest JOLTS Job Openings report surged to 7.618 million in April from 6.887 million in March, well above market expectations of 6.88 million.

Source  Fxstreet1780430670
USD/CHF Price Forecast: Clears 50-day SMA as bulls target 0.7900

The USD/CHF edges modestly higher, gaining 0.21% as buyers test the current week’s high of 0.7884 after bouncing off daily lows of 0.7844.

Source  Fxstreet1780425598
Asia FX: Inflation and trade shifts shape KRW and IDR – BNY

BNY's Bob Savage flags continued KRW weakness despite stronger South Korean inflation, which supports a hawkish Bank of Korea (BoK) stance. In Indonesia, Purchasing Managers' Index (PMI) data show fragile manufacturing, while inflation has moved above expectations even after a 50 bp rate hike.

Source  Fxstreet1780423860
Dogecoin Price Forecast: DOGE slumps below $0.1000 despite steady retail demand

Dogecoin (DOGE) remains heavily pressured on Tuesday as the leading meme coin extends its correction below the pivotal $1.0000 level.

Source  Fxstreet1780417575
Australian Dollar: Downside pressure remains limited against USD – UOB

UOB’s Quek Ser Leang and Lee Sue Ann report AUD/USD fell sharply to 0.7135 before recovering to 0.7161 on Monday. They see slightly stronger downside momentum, with scope to retest 0.7135 while keeping 0.7100 as key support.

Source  Fxstreet1780381481
USD/CHF Price Forecast: Bullish piercing pattern surfaces, sights on 0.79

The USD/CHF forms a ‘bullish piercing’ chart pattern, which confirms further upside, but it faces key resistance at the 50-day Simple Moving Average (SMA) at 0.7868. At the time of writing, the pair is trading at 0.70% gains, around 0.7860.

Source  Fxstreet1780346489
Ripple Price Forecast: XRP tests lower support range amid capitulation, bearish sentiment

Ripple (XRP) is gaining mild traction, trading around $1.32 at the time of writing on Friday, as the crypto prices broadly stabilize.

Source  Fxstreet1780059600

India FX Reserves, USD fell from previous $688.89B to $681.38B in May 18

Source  Fxstreet1780054207

South Africa Private Sector Credit increased to 9.2% in April from previous 8.5%

Source  Fxstreet1780041759
Dogecoin Price Forecast: DOGE flashes extreme downside risk amid broader market sell-off

Dogecoin (DOGE) faces intense selling pressure, extending its decline below $0.1000 at press time on Thursday. Roughly $10 million has been wiped out from DOGE futures over the last 24 hours, reflecting a sell-off wave under broader market pressure.

Source  Fxstreet1779946271
Silver Price Forecast: Breaks channel support, bear's eye $73.00

Silver price drops nearly 2.80% on Wednesday as it breaks the 50-day Simple Moving Average (SMA) at $75.77, which opened the door to clear the $75.00 mark. At the time of writing, the XAG/USD trades at $74.74, after reaching a daily high of $77.52.

Source  Fxstreet1779910146
New Zealand Dollar: Hawkish RBNZ drives outperformance – Scotiabank

Scotiabank’s strategists Shaun Osborne and Eric Theoret highlight the New Zealand Dollar (NZD) as a notable G10 outperformer, supported by a hawkish hold from the Reserve Bank of New Zealand (RBNZ).

Source  Fxstreet1779901684
Ripple Price Forecast: XRP holds near $1.33 support amid modest capital inflows

Ripple (XRP) extends its consolidation around $1.33 at the time of writing on Wednesday, as market participants largely remain on the sidelines awaiting clarity over a potential Memorandum of Understanding (MOU) between the United States (US) and Iran. 

Source  Fxstreet1779888900
USD/JPY Price Forecast: Hurdles 159.00 but upside capped on intervention fears

The USD/JPY recovers some ground, rising by over 0.25%, as buyers ignore the intervention zone, with the pair clearing the 159.00 figure and aiming to challenge the 159.50 area. At the time of writing, the pair trades at 159.38.

Source  Fxstreet1779821689
AUD/USD Price Forecast: Rises as bulls eye 0.72 breakout

AUD/USD advances during the North American session, up by 0.70% as the Greenback edges lower while the US and Iran reach a deal to extend a ceasefire by 60 days, which includes the reopening of the Strait of Hormuz. The pair trades at 0.7167 after bouncing off daily lows near 0.7150.

Source  Fxstreet1779743543
USD/JPY Price Forecast: Clashes at 159.00, retreats to 50-day SMA

USD/JPY edges lower during the North American session, sponsored by geopolitical headlines, which weighed on the US Dollar. In the meantime, fears of a possible intervention of Japanese authorities in the FX markets underpinned the Japanese Yen. The pair trades at 158.91, down 0.19%.

Source  Fxstreet1779740508
Chinese Yuan: Key 6.7820 support against US Dollar in focus – UOB

UOB’s Quek Ser Leang and Lee Sue Ann note that USD/CNH has slipped toward the lower end of its recent range after trading tightly between 6.7923 and 6.8033.

Source  Fxstreet1779719877
Ripple Price Forecast: XRP eyes $1.40 rebound as ETF inflows steady

Ripple (XRP) is holding support at $1.35 at the time of writing on Monday, as crypto prices broadly recover amid optimism for a US-Iran ceasefire deal. XRP’s momentum, although subtle, aligns with steady demand through related investment products.

Source  Fxstreet1779712800
AUD/USD Price Forecast: Remains above 0.7150 to test nine-day EMA barrier

AUD/USD advances after two days of losses, trading around 0.7160 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the pair moves within the rectangle pattern, suggesting a consolidation.

Source  Fxstreet1779682782
AUD/USD Price Forecast: Stuck between key SMAs, RSI turns bearish

The AUD/USD edges lower during the North American session, poised to remain sideways within key technical support and resistance levels, with the 20-day Simple Moving Average (SMA) at 0.7187 and the 50-day SMA at 0.7095. At the time of writing, the pair is trading around 0.7137, down 0.17%.

Source  Fxstreet1779480458
Dow Jones Industrial Average shrugs off a hawkish new Fed chair to set a record

There is confident, and then there is Friday. The Dow Jones Industrial Average (DJIA) ground out a fresh all-time high, up around a quarter of a percent, on a day that gave it nothing to celebrate.

Source  Fxstreet1779470135
Ripple Price Forecast: XRP bearish outlook holds despite ETF inflows, falling exchange reserves

Ripple (XRP) is trending lower toward the key $1.35 support level at the time of writing on Friday, following a failed attempt to break above $1.39 the previous day.

Source  Fxstreet1779453900

India FX Reserves, USD dipped from previous $696.99B to $688.89B in May 11

Source  Fxstreet1779449407
Euro remains depressed near 0.8650 against the British Pound despite upbeat German data

The Euro (EUR) languishes at 11-day lows against the British Pound (GBP) on Friday, on track for a 0.85% weekly loss. The positive German Gross Domestic Product (GDP) data has failed to support the common currency, while the Pound has been unfazed by weak Retail Sales numbers.

Source  Fxstreet1779432101
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