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24 04, 2026

Silver Price Forecast: XAG/USD could retest recent lows at $61

By |2026-04-24T07:40:03+03:00April 24, 2026|Forex News, News|0 Comments


XAG/USD Current price: $75.61

  • Financial markets turned risk-averse amid decreased hopes for a US-Iran deal.
  • Israel reported that Iran’s top negotiator resigned from the negotiating team.
  • XAG/USD gains downward traction, faces critical support at $74.61.

Silver came under selling pressure in the second half of Thursday, as risk aversion fueled US Dollar (USD) demand. Financial markets have struggled for direction since the week started, in the hope that the United States (US) and Iran would find common ground to reach a deal that would end the Middle East war.

Enthusiasm, however, faded as days went by, as representatives from both sides missed the date in Islamabad on Wednesday. US President Donald Trump announced the US would maintain the ceasefire, although Tehran won’t. Both countries continue to block the Strait of Hormuz, with skirmishes taking place in the area.

The sentiment finally took a turn for the worse on Thursday, on news coming from Israel indicating that Iran’s Parliament Speaker Ghalibaf has resigned from the negotiating team, erasing any chance of a deal in the foreseeable future. The headline still needs confirmation, but its impact through financial boards is clear.

Whether the situation will escalate remains to be seen. What’s certain is that Crude Oil prices jumped with the headlines, reflecting the market’s idea of no deal at sight and more pain ahead.

XAG/USD short-term technical outlook

The case for additional XAG/USD is firmer after the pair retreated from the 61.8% Fibonacci retracement of the daily slump measured between $96.62 and $61.01 at $83.02. Even further, the pair is currently pressuring the 38.2% retracement at $74.61, and a clear break below the level should open the door for a continued slide toward the base of the range at $61.

In the four-hour chart, XAG/USD trades with a bearish tone as price holds below the 20-, 100-, and 200-period Simple Moving Averages (SMAs), which all act as layered resistance and reinforce a bearish near-term bias. The Relative Strength Index (RSI) indicator turned lower around 37 but lacks directional strength, still skewing the risk to the downside. At the same time, the Momentum indicator holds directionless below its midline, suggesting that sellers retain control, though conditions are not yet oversold enough to suggest imminent exhaustion.

(The technical analysis of this story was written with the help of an AI tool.)

(This story was corrected on April 24 at 00:30 GMT in fifth paragraph to say XAG/USD instead of XAU/USD.)



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24 04, 2026

EUR/JPY Price Forecast: Holds above 186.50 to test nine-day EMA barrier

By |2026-04-24T07:31:06+03:00April 24, 2026|Forex News, News|0 Comments

EUR/JPY inches higher after three days of gains, trading around 186.60 during Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned slightly below the ascending channel, signaling potential for a bearish reversal.

However, the EUR/JPY cross holds a constructive bullish bias as it remains above the 50-day Exponential Moving Average (EMA) while facing immediate friction at the nine-day EMA.

Additionally, the 14-day Relative Strength Index sits around 58, comfortably above the midline yet below overbought territory, which suggests positive but not overstretched momentum that could favor further upside as long as the EUR/JPY cross holds over the underlying average.

The EUR/JPY cross is testing the immediate barrier at the nine-day EMA of 186.69. A rebound back to the ascending channel would reinforce the bullish bias and support the EUR/JPY cross to test the all-time high of 187.95, which was recorded on April 17. Further advances above this level would support the currency cross to explore the region around the upper boundary of the channel, around 189.40.

On the downside, further declines would put downward pressure on the EUR/JPY cross to navigate the region around the 50-day EMA at 184.86.

EUR/JPY: Daily Chart

(The technical analysis of this story was written with the help of an AI tool.)

Euro Price Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.09% 0.10% 0.05% 0.10% 0.17% 0.21% 0.12%
EUR -0.09% 0.00% 0.00% 0.00% 0.08% 0.12% 0.04%
GBP -0.10% -0.01% -2.13% 0.02% 0.08% 0.12% 0.02%
JPY -0.05% 0.00% 2.13% 0.03% 0.10% 0.14% 0.03%
CAD -0.10% 0.00% -0.02% -0.03% 0.06% 0.10% 0.02%
AUD -0.17% -0.08% -0.08% -0.10% -0.06% 0.04% -0.07%
NZD -0.21% -0.12% -0.12% -0.14% -0.10% -0.04% -0.09%
CHF -0.12% -0.04% -0.02% -0.03% -0.02% 0.07% 0.09%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

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24 04, 2026

Forecast update for silver -23-04-2026

By |2026-04-24T03:39:47+03:00April 24, 2026|Forex News, News|0 Comments


Coffee price lost positive momentum in the last trading, which forces it to form new bearish waves, to retest 276.00 support to settle above it, note that the stability above the current support might help it to motivate the bullish corrective attempts, to expect the price rally to 297.00, to extend the trading towards the next obstacle near 312.00.

 

While facing new bearish pressure and reaching the current support will force it to suffer extra losses by targeting 266.10 and 257.00 level.

 

The expected trading range for today is between 280.00 and 297.00

 

Trend forecast: Bullish





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24 04, 2026

GBP/USD Forecast Live: Retail Sales to Test Pound Sterling Strength

By |2026-04-24T03:30:27+03:00April 24, 2026|Forex News, News|0 Comments


– Written by

STORY LINK GBP/USD Forecast Live: Retail Sales to Test Pound Sterling Strength

The Pound to US Dollar (GBP/USD) exchange rate traded without a clear direction on Thursday, as a combination of upbeat UK PMI data and a cautious market mood pulled the pair in opposite directions.

At the time of writing, GBP/USD hovered around $1.3505, having faced narrow volatility throughout the session.

The Pound (GBP) had a muted start to the trading session, drifting lower as markets considered the possible economic consequences of the Middle East crisis, including concerns that the UK government might introduce tax increases later this year.

As the day went on, however, Sterling found renewed support following the release of the UK’s preliminary April PMI data, which exceeded expectations in both the manufacturing and services sectors.

The services sector, in particular, drew focus, with activity rising from 50.5 to 52, outperforming forecasts that had pointed to a slowdown towards the 50 threshold.

The data also revealed stronger-than-expected growth in price pressures.

Reflecting on the results, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said that price growth has surged at a pace rarely observed outside of the pandemic period, indicating that inflation may climb higher than many analysts had projected.

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This led markets to revise their expectations for monetary policy, with speculation that the Bank of England (BoE) could still pursue tightening this year helping to underpin the Pound.

The US Dollar (USD) found early support as a cautious market mood boosted demand for safe-haven assets, with investors unsettled by developments in the Middle East.

While the US moved to extend its ceasefire arrangement, Iran signalled it had not formally accepted the agreement, citing the continued US blockade of the Strait of Hormuz. At the same time, reported attacks on vessels in the region added to investor unease.

Ongoing uncertainty and heightened geopolitical tensions dampened market sentiment, helping to underpin the US Dollar.

Short-Term GBP/USD Forecast: UK Retail Sales in Focus

Looking ahead, attention turns to the UK’s March retail sales release on Friday. A slight rebound of around 0.2% growth may offer some support to Sterling, though any upside is likely to be modest.

For the US Dollar, focus will shift to the University of Michigan’s final consumer sentiment reading. If the data confirms a sharp drop in household confidence during April, it could place some pressure on USD.

Broader market sentiment is also expected to remain a key driver of GBP/USD. Continued developments in the Middle East may inject further volatility, with shifts in risk appetite potentially causing fluctuations in the currency pair.

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23 04, 2026

Forecast update for EURUSD -23-04-2026.

By |2026-04-23T22:37:41+02:00April 23, 2026|Forex News, News|0 Comments


Natural gas price kept forming weak sideways trading, holding above $2.620 support, but the main indicators contradiction and the continuation of forming an initial resistance at $3.160 obstructs the chances of forming new bullish waves by its fluctuations near $2.720 level.

 

The continuation of forming sideways trading in the current period, reaching below the current support will confirm its readiness to form new bearish waves, to expect targeting $2.390 and $2.250 level.

 

The expected trading range for today is between $5.250 and $2.820

 

Trend forecast: Fluctuated within the bearish trend





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23 04, 2026

USD/JPY: Scope for further upside towards 160.50 improves amid triangle breakout

By |2026-04-23T22:29:58+02:00April 23, 2026|Forex News, News|0 Comments

The USD/JPY pair extends its four-day upside to near 159.75 during the European trading session on Thursday. The pair reflects strength as the US Dollar (USD) outperforms its peers due to rising oil prices amid the prolonged closure of the Strait of Hormuz.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar.

USD EUR GBP JPY CAD AUD NZD CHF
USD 0.20% 0.10% 0.16% 0.03% 0.32% 0.48% 0.11%
EUR -0.20% -0.08% -0.06% -0.17% 0.11% 0.28% -0.11%
GBP -0.10% 0.08% 0.04% -0.09% 0.21% 0.37% -0.03%
JPY -0.16% 0.06% -0.04% -0.14% 0.17% 0.29% -0.06%
CAD -0.03% 0.17% 0.09% 0.14% 0.31% 0.45% 0.06%
AUD -0.32% -0.11% -0.21% -0.17% -0.31% 0.16% -0.27%
NZD -0.48% -0.28% -0.37% -0.29% -0.45% -0.16% -0.40%
CHF -0.11% 0.11% 0.03% 0.06% -0.06% 0.27% 0.40%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades 0.2% higher to near 98.80, the highest level seen in over a week.

Higher oil prices have boosted United States (US) inflation expectations, a scenario that discourages the Federal Reserve (Fed) from easing its monetary policy. According to the CME FedWatch tool, the odds of the Fed holding interest rates steady in the current range of 3.50%-3.75% in the December meeting are 76.8%.

In Thursday’s session, investors will focus on the preliminary US S&P Global Purchasing Managers’ Index (PMI) data for April, which will be published at 13:45 GMT. The US private sector business activity growth is expected to have increased due to improvement in both the manufacturing and the services sector output.

Meanwhile, the Japanese Yen (JPY) trades mixed against its major currency peers, as investors shift focus to the Bank of Japan’s (BoJ) monetary policy announcement on April 28, Tuesday.

USD/JPY technical analysis

USD/JPY trades higher at around 159.75 at the press time. The pair holds a bullish near-term bias amid the sustainability of a Descending Triangle breakout/ Also, rising 20-day Exponential Moving Average (EMA) at 159.11 bollters the near-tem bullish tone. This positioning suggests dips are still being bought, while the Relative Strength Index (RSI) near 57 stays in positive but not overbought territory, hinting that upside momentum is constructive yet controlled.

Looking up, the pair could extend its upside towards an over 21-month high at 160.46; a sustained move above that level would widen the scope for further upside towards 161.00. On the downside, immediate support is seen at the former resistance trend line around 159.41, followed by the 20-day EMA at 159.11. A deeper pullback could challenge the horizontal support of the triangle formation near 157.64.

(The technical analysis of this story was written with the help of an AI tool.)

(This story was corrected on April 23 at 11:59 GMT to say that the USD/JPY pair extends its four-day upside to near 159.75, not its two-day upside.)

US Dollar FAQs

The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022.
Following the second world war, the USD took over from the British Pound as the world’s reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.

The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates.
When prices are rising too quickly and inflation is above the Fed’s 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.

In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system.
It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed’s weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.

Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.

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23 04, 2026

Silver Price Forecast: XAG/USD plummets below $76 as oil price posts fresh weekly high

By |2026-04-23T18:36:09+02:00April 23, 2026|Forex News, News|0 Comments


Silver price (XAG/USD) is down almost 2.3% to near $76.00 during the European trading session on Thursday. The white metal faces selling pressure as oil prices extends its winning streak for the third trading day on Thursday.

WTI Oil price jumps to near $95.80 during the day, the highest level in a week, as the Strait of Hormuz, a vital passage to almost 20% of global energy supply, remains closed, despite a ceasefire extension between the United States (US) and Iran.

Tehran remains firm on its vow that the Hormuz will remain closed until the US lifts the blockade on Iranian sea ports, a move that has frozen Iranian business activity.

Higher oil prices result in a sharp increase in inflation expectations globally, a scenario that discourages central banks from reducing interest rates, which eventually diminishes the demand for non-yielding assets, such as Silver.

Meanwhile, a higher US Dollar (USD) due to hopes that the Federal Reserve (Fed) will not cut interest rates this year has also weighed on the Silver price. According to the CME FedWatch tool, the possibility of the Fed holding interest rates steady in the current range of 3.50%3.75% in the December meeting is 76.8%.

During the day, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, posts a fresh weekly high at around 98.70.

Silver technical analysis

XAG/USD trades lower at around $76 as of writing. The overall trend of the white metal appears to be uncertain as it is on the verge of an Ascending Triangle breakdown. The 20-day Exponential Moving Average (EMA) at $76.84 caps the upside as immediate resistance.

The Relative Strength Index (RSI) at 47.85 sits just below the neutral 50 line, hinting at fading bullish momentum rather than outright oversold conditions.

On the topside, the horizontal barrier of the Ascending Triangle formation at around $83.00 is the key resistance for the price. A daily close above $83 would extend the rally towards the psychological level of $90.00. Until those levels are recovered, the metal remains vulnerable to further downside towards the April 13 low at around $72.60, followed by the April 7 low of $68.28.

(The technical analysis of this story was written with the help of an AI tool.)

Silver FAQs

Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.

Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.

Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.

Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.



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23 04, 2026

EUR/USD Analysis 23/04: Will Rising Inflation Drive the Euro to Further Losses? (chart)

By |2026-04-23T18:29:00+02:00April 23, 2026|Forex News, News|0 Comments

EUR/USD Analysis Summary Today

  • Overall Trend: Beginning of a bearish tilt.

  • Support Levels for EUR/USD Today: 11.1690 – 1.1620 – 1.1550

  • Resistance Levels for EUR/USD Today: : 1.1770 – 1.1820 – 1.1880

EUR/USD Trading Signals:

Buy Scenario:

Sell Scenario:

Technical Analysis of EUR/USD Today

The EUR/USD pair witnessed a decline during today’s trading as fears of persistent global inflationary pressures grew. This bolstered demand for the US Dollar as a safe haven, pushing the pair to test significant technical support levels.

This decline came amid a renewed rise in oil prices, coinciding with stalled efforts to calm geopolitical tensions. This has reignited fears of a new inflationary wave that might force central banks to maintain tight monetary policies for longer, providing additional support to the USD at the expense of the European currency.

According to top trading platforms, the pair recorded losses extending to 1.1703, settling near the psychological support level of 1.1700. This indicates increasing selling pressure and the likelihood of a continued downward correction in the short term, especially given the diminished risk appetite in the markets.

Declining Eurozone Consumer Confidence Adds Pressure

The euro came under increased pressure after data showed a decline in eurozone consumer confidence to -20.6 in April, compared to -16.4 in March. This indicates continued caution among European households regarding spending, amid concerns about the ongoing repercussions of geopolitical tensions and rising energy costs.

This decline reflects the fragility of the eurozone’s economic recovery, which could limit the euro’s ability to make significant gains against the dollar in the current period, especially given the continued relative strength of the US economy.

Dollar Benefits from Safe-Haven Flows Despite Political Pressure

Despite continued US political pressure to lower interest rates, the US dollar continues to benefit from safe-haven flows amid rising global uncertainty. In this context, analysts believe that any further escalation of geopolitical tensions could further support the dollar, while a reduction in risks could pave the way for a gradual recovery of the euro in the coming weeks.

Technical Analysis of the EUR/USD Pair Today

Technically, the EUR/USD pair is moving near a key support zone at 1.1700. A clear break below this level could open the way for further declines towards 1.1660 and then 1.1620. The Relative Strength Index (RSI) is showing a gradual decline towards neutral levels, reflecting the weakening of previous upward momentum, while the MACD is trending negatively, which supports the likelihood of continued short-term selling pressure.

Conversely, the pair needs to break above 1.1800 to return to an upward trend and target 1.1820 and then 1.1880.

Trading Advice:

Dear TradersUp trader, we still prefer selling the EUR/USD pair on every strong upward bounce, but without risk. Be cautious of trading when price movements are within extremely narrow ranges.

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23 04, 2026

Coffee price repeats testing the support – Forecast today – 23-4-2026

By |2026-04-23T14:35:13+02:00April 23, 2026|Forex News, News|0 Comments


Natural gas price kept forming weak sideways trading, holding above $2.620 support, but the main indicators contradiction and the continuation of forming an initial resistance at $3.160 obstructs the chances of forming new bullish waves by its fluctuations near $2.720 level.

 

The continuation of forming sideways trading in the current period, reaching below the current support will confirm its readiness to form new bearish waves, to expect targeting $2.390 and $2.250 level.

 

The expected trading range for today is between $5.250 and $2.820

 

Trend forecast: Fluctuated within the bearish trend





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23 04, 2026

The GBPJPY receives the positive momentum– Forecast today – 23-4-2026

By |2026-04-23T14:28:00+02:00April 23, 2026|Forex News, News|0 Comments

Platinum price continued to provide weak sideways trading by its continued fluctuation near $2040.00 level, affected by the continuation of the main indicators, to obstruct the chances of resuming the previously bullish trend.

 

Stochastic reach below 50 level might increase the intraday negative pressures on the trading, to expect reaching the moving average level 55 at $1990.00, attempting to test the extra support near $1950.00, while holding above $2110.00 will motivate the bullish trend, to keep waiting for recording the extra target near $2155.00 and $2205.00.

 

The expected trading range for today is between $1990.00 and $2100.00

 

Trend forecast: Fluctuating



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