Forex
GBP/USD clears the 1.3600 barrier, up over 0.50%, as the Greenback gets battered for the second straight day amid speculation that Japanese authorities continued an intervention in the FX space to prop up the Yen. At the time of writing, the pair trades at 1.3650, up 0.38% near a ten-week high.
Crypto
ETH Crypto Update: Ethereum breaks out of its multi-month downtrend following a brutal 64% correction. Consolidating above the $2,100–$2,300 pivot, ETH pushes above its downward channel as traders pivot from traditional assets. Explore our technical analysis of ETH/BTC and key levels.
Forex
BNY’s Bob Savage highlights that suspected FX intervention has driven a sharp Japanese Yen rebound, with the Ministry of Finance signaling readiness to act in both currency and crude oil futures. The focus is now on key USD/JPY levels around 155–158 as authorities seek to counter Yen weakness.
Forex
The Euro (EUR) has turned positive against a weaker US Dollar (USD) on Friday, and is trading at 1.1742 at the time of writing, a few pips short of the top of the weekly trading range, at 1.1755.
Commodities
Silver (XAG/USD) is trading within the lower ranges of the $73.00s during Friday’s European session following rejection at a previous support area around $75.00 earlier on the day.
Commodities
Gold slides on Mideast conflict fears and a strong USD. Technical analysis confirms a bearish shift, targeting $4,500 as the ultimate support. Will bulls hold the line?
Forex
Chris Turner at ING notes that recent European Central Bank communication had limited impact on Euro rates and the Euro, with markets still pricing a June rate hike near 90%.
Forex
The USD/CAD pair extends its sideways consolidative price move through the first half of the European session and currently trades around the 1.3575-1.3570 region, or its lowest level since March 11.
Forex
Here is what you need to know on Friday, May 1:
Commodities
Silver price (XAG/USD) trades flat at around $73.70 during the European trading session on Friday.
