Market news

Gold Price Forecast: XAU/USD reclaims $1800 but remains below the 200-DMA as bulls regain composture

NZD/USD prints fresh highs, remains below 0.6300

Colombia Trade Balance declined to $-1520.7M in March from previous $-1.101M

BoE's Bailey: Food prices are a major worry for the UK and developing world

EUR/USD pares earlier gains, falls back to 1.0400 despite ECB Villeroy’s comments

BoE's Bailey: Not at all happy about inflation outlook, but over 80% of overshoot is due to tradeable goods

EUR/USD Price Analysis: Bouts of strength are seen as selling opportunities

US Dollar Index Price Analysis: Technical correction could retest 102.35

WTI well supported in $110 area, traders juggle anticipated EU ban on Russian oil versus China demand worries

USD/CHF flirts with two-year high near 1.0050, bulls seem reluctant amid weaker USD

Gold Price Forecast: Bearish sentiment to destroy XAUUSD – TDS

Fed's Williams: Demand is far exceeding supply, monetary policy can bring it back in line with supply

USD/CAD to test low/mid-1.27s on a break under 1.2890 – Scotiabank

GBP/USD to see a technical bullish development on a push towards 1.24 – Scotiabank

USD/JPY to slide below 126.95 towards 125.10 as yen enjoys temporary relief – Credit Suisse

USD/CAD to dodge more severe weakness while above 1.2895/92 – Credit Suisse

Swedish PM Andersson: Sweden has formally decided to apply for NATO membership

EUR/USD to tumble towards parity and even below on a break below 2017 low at 1.0340 – BBH

EUR/JPY Price Analysis: Further gains keep targeting 138.30

Fed's Williams: No. 1 issue is inflation, its running far too high and persistently so

EUR/USD: Eventual break of the 1.0341 low of 2017 remains expected for a fall to parity – Credit Suisse

USD/JPY Price Analysis: Bulls have the upper hand above 23.6% Fibo./129.00 mark

US: NY Empire State Manufacturing Index slumps to -11.6 in May vs. expected drop to 15.5

Canada Manufacturing Sales (MoM) above expectations (1.7%) in March: Actual (2.5%)

Canada Wholesale Sales (MoM) above expectations (-0.3%) in March: Actual (0.3%)

United States NY Empire State Manufacturing Index came in at -11.6 below forecasts (15.5) in May

Gold Price Analysis: XAU/USD probes $1800 level, eyes annual lows around $1780 as risk events loom

Canada Housing Starts s.a (YoY) registered at 267.3K above expectations (246.4K) in April

USD/CAD surrenders modest intraday gains, flat-lined around 1.2925 region

Russia's Putin: Will react to expansion of military infrastructure in Finland, Sweden

GBP/USD stabilises in mid-1.2200s, bears eye 1.20 level ahead of busy week for UK/US economic events

USD/TRY set sails further north: Next stop seen just above 17.00

Fitch Ratings: Global fiscal recovery to slow in 2022 and 2023

AUD/USD keeps the red near 0.6900 mark, downside seems cushioned amid softer USD

EUR/USD picks up pace and advances further north of 1.0400

EUR/USD: The likelihood of EUR/USD following EUR/CHF and USD/CHF to parity is increasing – MUFG

Gold Price Forecast: XAUUSD slides further below $1,800, lowest since late January

USD/JPY: Decent support lines up at 127.50 – UOB

European Commission cuts 2022 eurozone growth forecast to 2.7% from 4%

USD/JPY spikes back closer to mid-129.00s, lacks follow-through buying

European Monetary Union Trade Balance s.a. came in at €-17.6B, below expectations (€-6.6B) in March

European Monetary Union Trade Balance n.s.a. came in at €-16.4B, below expectations (€-8.5B) in March

GBP/USD flits with daily low, remains vulnerable near 1.2200 mark

US Dollar Index battles to keep gains around 104.50

Turkey Budget Balance rose from previous -68.97B to -50.17B in April

ECB's Villeroy: Expect a decisive June meeting and an active summer

USD/JPY: Double top suggests potential for a move downward – BofA

Gold Price Forecast: XAUUSD struggles to gain traction, hangs near multi-month low

US Dollar Index to surpass the 105.00 level on more risk-off waves – ING

AUD/USD needs recovery in global equities to surge above 0.70 – ING

USD/JPY to start a move downward once inflation shows signs of peaking – Danske Bank

GBP/USD: A slide towards the 1.20 level remains on the cards – ING

EUR/USD: Break below 1.0340 to make parity quite a tangible possibility – ING

EUR/NOK: Too early for the more secular bullish krone trend to commence – Danske Bank

Turkey Current Account Balance registered at $-5.554B, below expectations ($-5.371B) in March

USD/RUB retreats from $66.50 even as risk-aversion underpins USD strength

USD/CNY: Break above 6.8250 to clear the way towards 6.9625 – TDS

USD/CAD sticks to gains near daily high, above mid-1.2900s amid weaker oil prices

GBP/USD: Break under May 2020 low of 1.2075 to open up losses toward 1.1410 – BBH

Forex Today: Optimism fades at the start of the week

USD/CNY: Yuan to continue its depreciation given cautious Chinese economy outlook – Natixis

EUR/USD set to reach parity in the coming months – Danske Bank

Gold Price Forecast: XAUUSD to sustain potential additional pain – TDS

Gold Price Forecast: XAUUSD to suffer another leg lower on a drop below $1,800

Silver Price Analysis: XAG/USD sellers flirt with $21.00 inside weekly falling channel

Natural Gas Futures: Probable consolidation near term

Germany Wholesale Price Index (YoY) registered at 23.8%, below expectations (24%) in April

Japan Machine Tool Orders (YoY): 25% (April) vs previous 30.2%

Norway Trade Balance dipped from previous 138.4B to 92.6B in April

Germany Wholesale Price Index (MoM) came in at 2.1%, below expectations (7.6%) in April

USD/JPY skid below 129.00 on subdued DXY, focus shifts to Fed’s Powell and Japan’s CPI

EUR/USD: Clear break of the 2017 low at 1.0341 to make parity a realistic target – Rabobank

Copper struggles to defend $4.00 as China probes buyers

Gold Price Forecast: XAUUSD to stay on the back foot with factors boosting the dollar unchanged

AUD/USD now looks to a probable visit to 0.6800 – UOB

Crude Oil Futures: Door open to extra upside

AUD/USD Price Analysis: Further downside eyes 0.6820

BOJ's Kuroda: Important to back economic activity with powerful monetary easing

USD/CNH eyes 6.8200 on downbeat China Retail Sales, Fed Powell in focus

GBP/USD: Next support appears at 1.2140 – UOB

Gold Futures: Scope for further losses near term

Asian Stock Market: China probes bulls with downbeat covid, macro updates

EUR/USD risks a sharp decline below 1.0340 – UOB

CFTC Positioning Report: EUR net longs dropped to multi-month lows

GBP/USD renews downside towards 1.2200 as Brexit woes join risk-off mood

USD/INR Price News: Surges to near 77.70 despite steady DXY, oil tumbles below $107.00

Gold Price Forecast: XAU/USD eyes sub-$1,800 zone on fresh risk-aversion – Confluence Detector

USD/CAD Price Analysis: Rising Channel’s boundary supports greenback bulls around 1.2900

EUR/USD drops below 1.0400 on sour sentiment, Eurozone economic forecasts eyed

NZD/USD declines towards 0.6200 as China Retail Sales plummet to -11.1%

AUD/JPY Price Analysis: Supply zone near 90.00 hammers aussie, China Retail Sales plunge

China Stats Bureau Spokesman: Expects economic operations to improve in May

Coronavirus update: Shanghai City Official cites covid risk, Beijing extends work from home order

AUD/USD drops back towards 0.6900 on China’s downbeat Retail Sales, Industrial Production

South Korea Trade Balance rose from previous $-2.66B to $-2.508B in April

China Fixed Asset Investment (YTD) (YoY) below expectations (7%) in April: Actual (6.8%)

China Retail Sales and industry data sinks AUD/USD

China Industrial Production (YoY) registered at -2.9%, below expectations (0.7%) in April

China Retail Sales (YoY) came in at -11.1%, below expectations (-6%) in April

Yields, S&P 500 Futures hold onto recovery moves amid Fed, China concerns

USD/JPY Price Analysis: Bulls jostle with short-term key hurdle around 129.50

PBoC interest rate unchanged, USD/CNY fixed at 6.7871 vs. estimate at 6.7852

USD/CHF steadies around 1.0020 as DXY pauses, Fed’s Powell and US Retail Sales in focus

Gold Price Forecast: XAU/USD rebound eyes previous support near $1,830 amid softer USD

US dollar bulls attempt to take on H4 resistance

GBP/JPY buyers approach 159.00 on cautious optimism, mixed concerns over Brexit

GBP/USD Price Analysis: Attempts to surpass crucial resistance at 1.2260

Currencies. Daily history for Friday, May 13, 2022

NZD/USD Price Analysis: Bears move in at critical daily resistance

US Dollar Index Price Analysis: DXY pullback remains elusive unless breaking 103.90

Japan Producer Price Index (YoY) above expectations (9.4%) in April: Actual (10%)

Japan Producer Price Index (MoM) came in at 1.2%, above forecasts (0.8%) in April

EUR/USD fades bounce off five-year low around 1.0400, EC Growth Forecasts eyed

AUD/JPY to test 90.00 as risk-on improves, RBA minutes in the limelight

WTI Price Analysis: Dribbles below $110.00 even as bulls eye monthly resistance

USD/JPY eyes 130.00 as focus shifts to Fed’s Powell, BOJ supports policy easing

USD/CAD sellers attack 1.2900 on firmer oil, DXY pullback

Goldman Sachs cuts US GDP forecasts for 2022 and 2023 – Bloomberg

Gold Price Forecast: XAU/USD consolidates above 1,800, focus shift on US Retail Sales

New Zealand Business NZ PSI: 51.4 (April) vs previous 51.6

AUD/USD keeps recovery moves above 0.6900 ahead of China Retail Sales

GBP/USD sees upside above 1.2250 as risk-on impulse rebounds, UK Employment in focus

Brexit angst resurfaces: UK's Johnson sees room for a deal on N.Ireland post-Brexit trade

EUR/USD bulls lurk at key hourly support in the open

NZD/USD bulls step in as risk assets rise

AUD/USD Price Analysis: Pre-open glance on daily chart eyes prospects for a downside continuation