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USD/CHF trades near a critical resistance zone as markets assess ongoing tariff uncertainty and soft US economic data.US consumer sentiment weakened in early May, raising concerns about the economic outlook.Technical levels suggest upside is capped near 0.8540, with strong support around 0.8320.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. Despite a modest 0.28% gain on the day, the pair’s upside remains constrained by broader concerns over US economic resilience and tariff policy uncertainty. The US Dollar Index (DXY),…

EUR/USD trades near the 1.1100 zone with minor losses on Friday.The pair maintains a bearish outlook, supported by mixed technical signals.Key support is clustered below 1.1150, with resistance near 1.1200.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. This positioning reflects a bearish tone, reinforced by a cluster of short-term technical indicators that favor downside momentum, despite some mixed signals from longer-term trends. As the European session wraps up, traders appear cautious, aligning with the broader risk-off sentiment in the market.EUR/USD currently maintains a bearish bias,…

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. Greenback’s global lead remains intact for now”The surge in US recession fears that followed Trump’s tariff announcements on April 2 sparked a rapid exit from ‘exceptionalism’ trades, which overpowered the USD’s traditional safe-haven attraction. While other currencies are set to continue chipping away at the USD’s dominance as the global reserve currency, the greenback is set to maintain a clear lead for many years to come.” “In line with this, we expect that the USD’s…

XAU/USD trades near $3,180, on track for a weekly loss of over 4%.Easing trade tensions and a stable geopolitical landscape reduce demand for the bullion.Price has fallen more than $300 from April’s all-time high of $3,500.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.Risk sentiment improved this week after the United States (US) and China agreed to reduce tariffs for…

EUR/CHF was seen around the 0.94 zone on Friday, with minor gains.The cross maintains a bearish bias despite mixed technical signals.Key support is clustered below the 0.9350 level, with resistance near 0.9360.The EUR/CHF pair is navigating a cautious tone on Friday, hovering around the 0.94 zone with modest gains. Despite the slight recovery, the broader technical outlook remains tilted to the downside, reflecting persistent selling pressure that has kept the pair within a tight range in recent sessions. Mixed signals from momentum indicators suggest a complex short-term outlook, reinforcing the cautious sentiment among traders.EUR/CHF continues to exhibit a bearish overall…

The Mexican peso edges up slightly, recovering some of the previous day’s losses.Banxico cuts rates while the Fed remains cautious, highlighting a contrasting economic outlook that doesn’t bode well for the Peso.USD/MXN edges down as traders anticipate US Michigan Sentiment data, with inflation expectations and consumer confidence in focus.The Mexican peso (MXN) is consolidating against the US dollar (USD) on Friday after recovering some of the ground lost on Thursday after the Banco de Mexico (Banxico) decided to cut interest rates, as expected. At the time of writing, USD/MXN is trading near 19.485, down 0.04% on the day, as the…

The rupee rose 1 paisa to settle at 85.53 (provisional) against the greenback on Friday on the back of strong FII inflows and a marginal decline in the dollar index.The rupee’s gain was curtailed due to higher Brent crude prices, negative domestic equity markets, and government data that showed the country’ trade deficit widening in April, according to forex traders. At the interbank foreign exchange, the local unit opened strong at 85.28 and traded in the range of 85.28 to 85.70. It eventually settled at 85.53 (provisional), up 1 paisa from its previous close.On Thursday, the rupee depreciated 22 paise…

The Indian rupee closed nearly flat on Friday but notched its second consecutive weekly fall as a relief rally following an India-Pakistan truce proved fleeting in the face of sustained dollar demand from local companies and foreign banks. On the day, outflows related to an equity block deal weighed on the rupee, while broad weakness in the dollar and mild exporter hedging helped keep a lid on the currency’s losses, traders said. The rupee closed at 85.5050 against the U.S. dollar, nearly unchanegd from its close of 85.55 in the previous session. It declined 0.1% on the week after falling…

The USD/CAD price analysis shows increasing pressure on the Fed to lower interest rates. US data revealed softer-than-expected wholesale inflation and weaker consumer spending. Oil collapsed on Thursday after Trump announced a likely nuclear deal with Iran. The USD/CAD price analysis shows increasing pressure on the Federal Reserve to lower interest rates. As a result, the dollar is fragile against most of its peers. However, gains for the Canadian dollar remained subdued due to the recent collapse in oil prices.  –Are you interested to learn more about MT5 brokers? Check our detailed guide- Data from the previous session revealed softer-than-expected…

Gold price meets with a fresh selling pressure and erodes a part of Thursday’s recovery gains.The US-China trade deal optimism continues to act as a headwind for the safe-haven commodity.Fed rate cut bets keep the USD depressed and should help limit losses amid geopolitical risks.Gold price (XAU/USD) extends its steady intraday descent through the first half of the European session on Friday and slides back below the $3,200 mark in the last hour. The latest optimism over the US-China trade truce continues to undermine demand for traditional safe-haven assets and fails to assist the bullion to capitalize on the previous…