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21 05, 2026

Pound Sterling to Dollar Forecast: GBP Holds Near 1.34 as Bond Yields Surge

By |2026-05-21T22:42:41+03:00May 21, 2026|Forex News, News|0 Comments


– Written by

The Pound to Dollar exchange rate (GBP/USD) remained anchored around the 1.3400 level as rising UK and US bond yields continued to dominate currency markets. Despite softer-than-expected UK inflation data, Sterling held firm as traders maintained expectations for further Bank of England tightening later this year.

Meanwhile, elevated US Treasury yields and growing concerns over persistent inflation have provided fresh support for the US Dollar, limiting GBP/USD upside despite the Pound’s recent resilience.

GBP/USD Forecasts: Holding Around 1.34

The Pound to Dollar (GBP/USD) exchange rate has consolidated around 1.3400 with relatively narrow ranges in force despite major underlying tensions.

According to UoB; “The price movements still appear to be part of a range-trading phase. Today, we expect GBP to trade between 1.3365 and 1.3435.”

CIBC has an end-June GBP/USD forecast of 1.34 before an increase to 1.37 by the end of 2026.

The Pound was again broadly resilient despite lower than expected UK inflation data for April with markets still pricing in two Bank of England rate hikes this year.

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The headline UK inflation rate declined more than expected to 2.8% from 3.3% previously with a core rate at 2.5% from 3.1%. The drop was triggered primarily by the cut in energy prices for April, but these will reverse in August with investment banks expecting the headline rate to increase to around 4.0%.

The dollar has gained net support from higher yields this month and a key factor will be whether the trend continues.

The substantial increase in US bond yields remained a key element with the 10-year yield around 4.66%. There have been increased concerns over US inflation trends and the risk that the Federal Reserve will have to increase interest rates.

Fed minutes from the late-April meeting will be released on Wednesday. Danske Bank commented; “Markets are looking for further forward-looking views after the divided rate decision.”

ING commented on the sell-off in bonds; “It’s worth reiterating that, unlike in 2025, this sell-off is being driven by inflation concerns rather than fiscal fears, making it unambiguously USD positive.”

The bank added; “As a result, upside risks to USD remain dominant unless genuinely constructive news emerges from the Gulf. Reports yesterday that NATO is considering intervention in the Strait of Hormuz to support vessel passage failed to lift risk assets in any meaningful way.”

MUFG also commented on the relationship between bonds and the dollar; “For much of the time after that initial gain, the dollar has underperformed expectations given the jump in crude oil prices. A muted move in US yields partially explained that (along with strong equity market performances) and last week the 2-year yield in the US increased for the fourth consecutive week and by close to 20bps.

It added; “This is now having a more notable FX influence with expectations of Fed rate hikes increasing. A rate hike by January next year is now 85% priced and this increased conviction is providing the dollar with increased support. We see scope for the dollar to advance further over the short-term.”

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21 05, 2026

Gold Price Forecast: XAU/USD recovers its shine on US-Iran deal renewed hopes

By |2026-05-21T22:37:42+03:00May 21, 2026|Forex News, News|0 Comments


XAU/USD Current price: $4,544

  • Iran and the United States reportedly reached an agreement.
  • US data showed the economy remained resilient in May despite ongoing turmoil.
  • XAU/USD shrugged off the near-term negative tone, further gains still unclear.

Spot Gold trades in the $4,540 region, recovering in the American afternoon. The US Dollar (USD) started the day on the back foot amid hopes the United States (US) and Iran were working their way towards a deal. Optimism, however, faded as the day went by, with the usual standoff between both reviving concerns. As a result, the Greenback and Oil recovered, while high-yielding assets retreated.

Mid American session, however, headlines indicated that both countries have reached an agreement via Pakistan mediation, and that the announcement will be made in a matter of hours. The USD resumed its slide and pushed XAU/USD into positive territory.

Data-wise, S&P Global released the flash estimate of the US Composite Purchasing Managers Index (PMI), confirming a reading of 51.7 in May, matching the April outcome. Manufacturing output improved to 55.3 from the previous 54.5, also surpassing expectations of 54. Finally, the Services PMI resulted at 50.9, slightly below the 51 posted in April.

XAU/USD short-term technical outlook

The 4-hour chart shows XAU/USD has shrugged off the negative stance, but additional gains are still unclear. Technical indicators turned north, but remain below their midlines. At the same time, the pair has crossed above a flat 20 Simple Moving Average (SMA), now providing near-term support at around $4,520. The same chart shows that the 100 and 200 SMAs maintain their downward slopes far above the current level, limiting the upward scope.

Bigger time frames, however, hint at bears holding the grip but staying on pause. Technical indicators in the daily chart aim marginally lower within negative levels, but lack directional strength. At the same time, a bearish 20 SMA stands at $4,620, providing strong resistance while the 100 SMA holds far above the shorter one, further limiting the bullish case.



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21 05, 2026

USD/JPY Forecast Today 21/05: Can the Dollar Break Above 160

By |2026-05-21T18:41:37+03:00May 21, 2026|Forex News, News|0 Comments

  • The US dollar initially fell against the Japanese yen during the trading session on Wednesday but then turned around to show signs of strength yet again.

  • After all it does make a certain amount of sense that the overall trend remains the same as it has been for a while and I think it also makes a certain amount of sense that simple momentum just gets you to the upside.

If traders are going to continue to look at this as an interest rate play, then I think holding to the long side makes the most sense. The 50-day EMA sits just above the 158-yen level and of course the 158-yen level has been very important in both a support and resistance stance when it comes to this pair.

A Potential Bullish Move

If we can stay above there then it is likely that we can continue to see the USD/JPY market open up a potential bullish move towards the crucial 160-yen level but keep in mind that the 160-yen level is basically where the Bank of Japan decided it was time to intervene. It’s not necessarily that they will again it’s just that they could.

Because of this I am somewhat cautious and getting overly aggressive but buying dips and simply waiting for value to present itself in that dip makes quite a bit of sense. If we were to break down below the 158-yen level, then it could open up a drop down to the 157-yen level.

But with that being the case I think that would probably only invite more buying. The 156-yen level is backed up by the 200-day EMA. I think that is the bottom of this trend. I think you will continue to see this market look bullish. But if we did break down below the 200-day EMA I obviously would have to.

Want to trade our USD/JPY forex analysis and predictions? Here’s a list of forex brokers in Japan to check out.

Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

As seen on: Pairs Of Aces Podcast,The Trader Guy, FXEmpire

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21 05, 2026

Forecast update for EURUSD -21-05-2026.

By |2026-05-21T18:36:38+03:00May 21, 2026|Forex News, News|0 Comments


No change for the EURCHF negative trend by its stability below 0.9250 resistance, besides forming extra barrier by the moving average 55 at 0.9190, to begin recording some negative targets by reaching 0.9120 level.

 

Note that providing negative momentum by stochastic will increase the efficiency of the bearish trend in the near trading, to expect reaching 0.9100, to press on the barrier near 0.9070 to find an exit for resuming the negative trend in the upcoming period trading. 

 

The expected trading range for today is between 0.9070 and 0.9170

 

Trend forecast: Bearish





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21 05, 2026

GBP/JPY Price Forecast: Pound Holds Steady Below Key 213.70 Resistance Level

By |2026-05-21T14:40:29+03:00May 21, 2026|Forex News, News|0 Comments










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21 05, 2026

Copper price is taking advantage of the initial support– Forecast today – 21-5-2026

By |2026-05-21T14:35:42+03:00May 21, 2026|Forex News, News|0 Comments


Copper price took advantage of the initial support near $6.1000 by forming positive rebound, to settle near $6.2500 level, attempting to delay the previously suggested corrective trend, the continuation of forming extra barrier at $6.3800 level might force the price to renew the corrective attempts, to press on $6.1000 level breaking it will extend the trading towards $5.5900 reaching $5.8000 level.

 

While surpassing the barrier and holding above it will confirm its readiness to renew the bullish attempts, attempting to reach $6.5400 initially, which might record historical targets by its rally towards $6.7300.

 

The expected trading range for today is between $6.000 and $6.3500

 

Trend forecast: Bearish





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21 05, 2026

EUR/JPY Price Forecast: Flat Technical Outlook As Intervention Risks Loom

By |2026-05-21T10:39:38+03:00May 21, 2026|Forex News, News|0 Comments










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21 05, 2026

Platinum price repeats the negative closes– Forecast today – 21-5-2026

By |2026-05-21T10:34:24+03:00May 21, 2026|Forex News, News|0 Comments


Copper price took advantage of the initial support near $6.1000 by forming positive rebound, to settle near $6.2500 level, attempting to delay the previously suggested corrective trend, the continuation of forming extra barrier at $6.3800 level might force the price to renew the corrective attempts, to press on $6.1000 level breaking it will extend the trading towards $5.5900 reaching $5.8000 level.

 

While surpassing the barrier and holding above it will confirm its readiness to renew the bullish attempts, attempting to reach $6.5400 initially, which might record historical targets by its rally towards $6.7300.

 

The expected trading range for today is between $6.000 and $6.3500

 

Trend forecast: Bearish





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21 05, 2026

XAG/USD Price Forecast: Silver struggles below key moving averages amid hawkish Fed bets

By |2026-05-21T06:33:51+03:00May 21, 2026|Forex News, News|0 Comments


Silver (XAG/USD) remains under pressure on Tuesday as a stronger US Dollar (USD) and rising US Treasury yields continue to weigh on the precious metal amid growing expectations that the Federal Reserve (Fed) may need to raise interest rates to tackle rising Oil-driven inflation pressures. At the time of writing, XAG/USD is trading around $74.76, down more than 3.5% on the day after hitting an intraday low near $73 earlier in the day.

US-Iran negotiations remain deadlocked over disagreements surrounding Tehran’s nuclear program, while the Strait of Hormuz remains largely closed. US President Donald Trump said on Tuesday that military action against Iran could resume within the next few days or by early next week if no agreement is reached.

The ongoing uncertainty is keeping the US Dollar supported, with the US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, hovering near more than one-month highs around 99.33.

Meanwhile, hawkish Fed expectations continue to push US Treasury yields sharply higher, with the benchmark US 10-year Treasury yield climbing to a 16-month high near 4.687% on Tuesday, while the US 30-year Treasury yield rose to around 5.197%, its highest level since July 2007. Higher yields increase the opportunity cost of holding non-yielding assets such as Silver.

According to the CME FedWatch Tool, traders now see nearly a 32% probability of a 25 basis point (bps) Fed rate hike at the October meeting, rising to around 40% for December.

Technical Analysis:

On the daily chart, XAG/USD holds a mildly bearish near-term bias as it sits below the short-term trend defined by the 50-day Simple Moving Average (SMA) at $76.60 while remaining above the longer-term 200-day SMA at $65.40.

The 100-day SMA at $81.28 strengthens the overhead supply zone, suggesting rallies face increasing headwinds, while the Relative Strength Index (RSI) around 45 leans soft but not oversold, and the Moving Average Convergence Divergence (MACD) has slipped back below zero, hinting that bullish momentum has faded.

On the topside, initial resistance is located at the 50-day SMA near $76.60, ahead of the 100-day SMA near $81, with a more distant cap at the horizontal barrier around $90.00.

On the downside, first support emerges at the $70.00 horizontal level, followed by the 200-day SMA at $65.40, with a deeper cushion near the longer-term floor around $55.00 if selling pressure accelerates.

(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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21 05, 2026

GBP/USD Forecast: Pound Sterling Falls after Sharp Inflation Slowdown

By |2026-05-21T02:36:36+03:00May 21, 2026|Forex News, News|0 Comments


– Written by

The Pound US Dollar (GBP/USD) exchange rate traded on the back foot on Wednesday following the release of the UK’s latest inflation figures.

At the time of writing, GBP/USD was trading at around $1.3385, marginally lower than the opening levels seen earlier in the session.

The Pound (GBP) struggled for momentum on Wednesday after UK inflation data fell short of expectations.

Figures published by the Office for National Statistics showed headline inflation slowed from 3.3% to 2.8% in April, missing forecasts for a smaller decline to 3%.

Core inflation also eased more sharply than expected, slipping from 3.1% to 2.5%, compared to market expectations for a reading of 2.6%.

Analysts attributed much of the slowdown to the reduction in the UK energy price cap last month, although many warned that rising geopolitical tensions in the Middle East could still fuel inflationary pressures later in the year.

The softer inflation figures, combined with the weak UK labour market data released earlier in the week, prompted investors to scale back expectations that the Bank of England (BoE) will raise interest rates in the near term.

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The US Dollar (USD) found moderate support during Wednesday’s session as cautious market sentiment boosted demand for safer assets.

Investor nerves remained frayed by ongoing uncertainty surrounding relations between the US and Iran.

Although hopes for a diplomatic resolution have not completely faded, reports of renewed tensions and continuing disagreements over access through the Strait of Hormuz kept traders wary.

Still, gains in the ‘Greenback’ were somewhat restrained ahead of the release of the latest minutes from the Federal Open Market Committee’s most recent policy meeting later in the evening.

Near-Term GBP/USD Forecast: Weak UK PMIs to Extend Sterling Losses?

Looking ahead to Thursday, the Pound to US Dollar (GBP/USD) exchange rate could remain under pressure with the publication of the UK’s latest PMI surveys.

Should the preliminary May data point to weaker growth across the UK private sector, expectations for further BoE tightening may continue to fade, leaving Sterling vulnerable to additional losses.

Meanwhile, the latest US S&P PMI releases may also influence movement in the US Dollar. Although they tend to have less impact than the ISM surveys, any signs that business activity in the US economy remains resilient could lend further support to the ‘Greenback’.

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