Latest Forex News

Earnings call transcript: NN Inc Q1 2026 beats EPS forecast, stock rises

JPMorgan upgrades Compass Minerals stock rating on cash flow gains

Baird downgrades Doximity stock rating on AI investment concerns

Jefferies downgrades Doximity stock rating on pharma ad uncertainty

JPMorgan downgrades JBS stock rating on industry headwinds

UBS upgrades Commercial Metals stock rating on easing pricing risks

Thungela executives receive conditional share awards worth R52.2m

Roth/MKM initiates Suncrete stock with buy on rollup potential

Russia pounds Ukraine in massive air attack, killing 1

Australian court finds grocery giant Coles misled shoppers over discounts

Dow Jones futures gain on tech rally, awaits Trump-Xi talks updates, US Retail Sales

Dow Jones futures rise 0.30% to near 49,950 during the European hours on Wednesday, ahead of the United States (US) regular opening. Meanwhile, the S&P 500 advance 0.19% to near 7,480, and the Nasdaq 100 futures gain 0.41% toward 29,600.

Euro: Strategic autonomy and yuan challenge – Rabobank

Rabobank's Global Strategist Michael Every notes Europe’s evolving role in global finance as Euroclear considers accepting China onshore bonds traded in Hong Kong as collateral.

Silver Price Forecast: XAG/USD rally hits pause below $90 as traders price out dovish Fed bets

Silver price (XAG/USD) trades calmly near $87 during the European trading session on Thursday. The white metal turns sideways after failing to extend its almost two-month-long advance above $90.00 on Wednesday.

Euro consolidates losses against the British Pound, following upbeat UK data

The Euro (EUR) remains practically flat around the 0.8660 area against the British Pound (GBP) on Thursday. UK Gross Domestic Product (GDP) and Manufacturing Production figures beat expectations in March, but the growing political uncertainty is keeping the pair from dropping further.

British Pound: Downside risks linger against US Dollar – UOB

UOB economists Quek Ser Leang and Lee Sue Ann keep a cautious stance on GBP/USD after the pair briefly broke below 1.3490 to 1.3485 before rebounding. For the next day, they expect consolidation between 1.3500 and 1.3560 as downside momentum eases.

Forex Today: Markets stabilize ahead of mid-tier US data, await news from Trump-Xi summit

Here is what you need to know on Thursday, May 14:

AUD/USD Price Forecast: Hovers around 0.7250 near nine-day EMA support

AUD/USD inches lower after registering modest gains in the previous day, trading around 0.7250 during the Asian hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel, suggesting an ongoing bullish bias.

Equities: Tech strength offsets inflation risks – Deutsche Bank

Deutsche Bank analysts highlight an upbeat sentiment in Asian markets, with the KOSPI and Nikkei advancing alongside Nasdaq futures following strong tech-led gains in the US.

Copper: Tight market near record highs – ING

ING's commodities strategists Warren Patterson and Ewa Manthey highlights that Copper is trading above $14,000/t and close to record highs as supply-side risks dominate. They stress tight refined markets, low inventories outside the US, and heightened sensitivity to demand.

WTI declines below $97.00 as markets await Trump-Xi talks outcome

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $96.70 during the early European trading hours on Thursday.

Indian Rupee remains under pressure amid consistent foreign outflows

The Indian Rupee (INR) holds onto almost week-long losses against the US Dollar (USD) on Thursday.

British Pound holds above 1.3500, as UK GDP, manufacturing data beat expectations

The Pound (GBP) remains practically flat against the US Dollar (USD) on Thursday, trading at 1.3520 at the moment of writing, and consolidating losses after pulling back from 1.3650 highs earlier in the week.

Japanese Yen: Weakens as Dollar rally extends – MUFG

Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.

Indian Rupee: Precious metal tariffs doubled to support INR – Commerzbank

Commerzbank strategists note that India has more than doubled tariffs on Gold and Silver to 15% to curb Dollar demand and support INR.

Swiss Franc flattens as investors await Trump’s comments on meeting with China’s Xi

The Swiss Franc (CHF) trades flat against its major currency peers, wobbling around 0.7820 against the US Dollar (USD) during the European trading session on Thursday.

UK Preliminary GDP grows by 0.6% QoQ in Q1 2026, as expected

The UK economy expanded at a quarterly rate of 0.6% in the three months to March 2026, following a 0.1% growth in the fourth quarter of 2025 (Q4).

Gold drifts higher as traders await Trump–Xi summit outcome

Gold price (XAU/USD) trades in positive territory during the early European trading hours on Thursday. The precious metal edges higher as traders await the outcome of US President Donald Trump-Chinese President Xi Jinping summit in Beijing.

Euro: Downside bias versus US Dollar toward support – UOB

UOB economists Quek Ser Leang and Lee Sue Ann notes EUR/USD remains under mild pressure after breaking below 1.1720 and touching 1.1695. While intraday conditions look oversold and suggest a 1.1700–1.1755 range, the 1–3 week view still points to a downside bias toward 1.1675.

Kazaks: ECB could hike if Oil surge deteriorates inflation expectations

The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.

AUD/JPY Price Forecast: Gathers strength as Trump meets Xi in Beijing, bullish bias prevails

The AUD/JPY cross trades in positive territory near 114.65 during the early European session on Thursday. Traders will closely monitor the outcome of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing later on Thursday and Friday.  

China’s Xi praises trade progress with Trump, warns over Taiwan

Chinese President Xi Jinping said during the early European trade on Thursday that United States (US) CEOs accompanying President Donald Trump on a Beijing visit that China's door would only open wider, and that he believed US companies would have broader prospects in the country, while derivering s

NZD/USD Price Forecast: Struggles to sustain above 61.8% Fibo retracement at around 0.5940

The NZD/USD pair trades marginally under pressure around 0.5935 during the late Asian trading session on Thursday.

Chinese Yuan reaches three-month highs as Trump-Xi meeting begins

USD/CNH continues its losing streak that began on April 30, reached a 39-month low of 6.7815, and is now trading around 6.7850 during the Asian hours on Thursday. Traders adopted a cautious stance as the high-stakes summit between Presidents Donald Trump and Xi Jinping began in Beijing.

BoE's Breeden: We can’t wait forever, but we don’t need to do it in June or July 

Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.

Euro holds gains against Japanese Yen amid hawkish ECB rate outlook

The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials.

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

EUR/USD Price Forecast: Remains above 1.1700 near 50-day EMA

EUR/USD inches higher after three days of losses, trading around 1.1710 during the Asian hours on Thursday. The daily chart technical analysis indicates a potential for a bearish reversal as the pair is positioned on the lower boundary of the ascending channel pattern.

BoJ’s Masu warns Iran war energy shock could hit Japan harder than 1973 oil crisis

Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.

British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates

GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.

US Dollar Index trades firmly around 98.50 in countdown to Trump-Xi meeting outcome

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 98.50 during the Asian trade on Thursday.

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