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AUD/USD trades near 0.6400 with a cautious tone ahead of RBA rate decision.US consumer sentiment weakened, while inflation expectations climbed, adding to market uncertainty.Technical levels suggest support at 0.6399 and resistance near 0.6414, reflecting a range-bound market.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. The US Dollar Index (DXY) is holding near 101.00, up modestly after a week of mixed US economic data. Despite this, the Australian Dollar remains under pressure amid ongoing trade…

XAG/USD capped at $32.73 (50-day SMA), supported by 100-day SMA near $31.88 amid choppy trade.RSI flat near neutral; a break above $33.00 is needed to turn bias bullish toward $33.50–$34.51A drop below $32.00 may expose $31.65 and the 200-day SMA at $31.23 as bearish pressure builds.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.XAG/USD Price Forecast: Technical outlookXAG/USD…

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. Moody’s specifically highlighted US interest obligations “that are significantly higher than similarly rated sovereigns”.Moody’s has lost faith that the US government will be able to make and execute multi-year reduction plans for reducing its deficits and debt and stating, “Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs.”Key highlightsUnited…

NZD/JPY trades near the 85.70 zone with minor gains on Friday.The pair maintains a bearish outlook despite mixed technical signals.Key support is clustered below 85.60, with resistance near 86.00.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. Despite the slight uptick, the broader technical picture remains tilted to the downside, reflecting the influence of longer-term bearish signals that have kept the pair within a tight range recently. Traders appear hesitant to push the pair significantly higher, reflecting a cautious tone as they assess the…

Mexican Peso appreciates as USD/MXN dips to 19.47 after disappointing US sentiment data.Banxico cuts benchmark rate by 50 bps, but Peso holds firm as US data dents Greenback strength.U. of Michigan survey shows inflation expectations rising and consumer sentiment at multi-year low.Traders now price in 51 bps of Fed easing by year-end; eyes turn to next week’s Mexico GDP and US PMIs.The Mexican Peso (MXN) erases its previous losses against the US Dollar (USD) on Friday and Is set to finish the week with gains. A day ago, Banco de Mexico (Banxico) reduced the main reference rate, though it failed…

The Dow Jones rose slightly on Friday, clipping into fresh weekly highs.Equity markets shrugged off a worse-than-expected print from the UoM Consumer Sentiment Index.Investors are hoping that more clarity will come from the Trump administration on trade.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. Market sentiment remains on the high side as traders hope for further clarity on trade from the Trump administration and a continued easing of President Donald Trump’s tariff policies.The UoM’s Consumer Sentiment Index…

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…