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News2025-05-06
Silver/USD breaks through $33.00 as dollar weakness
Silver prices rose nearly 1% on Monday as the US dollar (USD) was under pressure from U.S. President Donald Trump‘s tariff policies and safe-haven demand for precious metals such as gold. At the time of writing, XAG/USD is at $32.30, rebounding from a daily lo...

News2025-05-06
Crude oil prices stabilized after OPEC increased production, while barrel prices
West Texas Intermediate crude oil (WTI) prices stabilized on Monday, regaining recent losses after the Organization of the Petroleum Exporting Countries (OPEC) announced it would increase its internal production quota starting in June. The move is widely seen ...

News2025-05-06
US index rebounds to around $100, US refuses to exempt 10% of its reciprocal tar
On May 6, in the early trading of Asian market on Tuesday, Beijing time, the US dollar index hovered around 100. On Monday, the US dollar index fluctuated and fell in the Asian and European sessions. Later, the US dollar index rebounded below $100 due to the u...

News2025-05-06
USD/JPY fell below 144.00, safe-haven funds flowed to JPY
At the end of the North American trading session, the USD/JPY bought the Japanese Yen (JPY) as investors sought safety and sold the USD (USD), and despite rumors that the U.S. and China were close to commence negotiations, there was a lack of announcements of ...

News2025-05-06
Australian dollar/dollar rises to new highs as trade optimism and economic data
The Australian dollar/USD surged on Monday, reaching a five-month high of nearly 0.6500. The Australian dollar (AUD) benefits from a variety of factors, including weakness in the US dollar (USD), strong U.S. economic reports and increased global risk sentiment...

News2025-05-06
Canadian dollar remains stable, market is waiting for key factors
The Canadian dollar (CAD) remained stable against the US dollar (USD) at the start of the new trading week, with the US dollar/CAD staying stable near the 1.3800 mark. Trade tensions between the United States and Canada are still undercurrents, and the upcomin...

News2025-05-06
USD/CHF fell below 0.8250, bullish engulfing pattern affects rebound potential
The US dollar/CHF continued its decline for the second consecutive day, with a decline of more than 0.46%, and trading at 0.8221. Although the pair is on a downward trend, it failed to break through the previous support level of 0.8204, forming a "bullish engu...

News2025-05-06
【XM Market Review】--USD/CHF Analysis: Consolidation Between $0.8200 and $0.8333
Long Trade IdeaLong entry after a bullish price action reversal on the H1 timeframe following the next touch of $0.8198 or $0.8158.Put the stop loss 15 pips below the local swing low.Move the stop los

News2025-05-06
【XM Group】--AUD/USD Forex Signal: More Gains Ahead After Crossing Key Resistance
Bullish viewBuy the AUD/USD pair and set a take-profit at 0.6600Add a stop-loss at 0.6400.Timeline: 1-2 days.Bearish viewSell the AUD/USD pair and set a take-profit at 0.6400.Add a stop-loss at 0.6600

News2025-05-06
The dollar index is expected to test the 100 mark, and the market turns to focus
In Asian session Tuesday, the U.S. dollar index is expected to test the 100 mark, as traders await comments by Fed Chairman Powell on Wednesday to get clues about the interest rate path. The Federal Reserve has maintained its policy interest rate in the range ...

News2025-05-06
Guide to short-term operation of major currencies on May 6
From a technical point of view, the US dollar index rose below 100.10 on Monday and the decline above 99.45 was supported, meaning that the US dollar may maintain a downward trend after a short-term rise. If the US dollar index rises below 100.10 today and enc...

News2025-05-06
Strong risk aversion to big positive line, gold and silver pull back to low long
Yesterday, the gold market rose strongly. The market fell first after the opening in the morning at 3242.7. The daily line was at the lowest point of 3237.1 and then the market fluctuated and rose. The position of 3272 was given, and the market fell. The marke...

News2025-05-06
A collection of positive and negative news that affects the foreign exchange mar
The following is a collection of positive and negative news that affected the foreign exchange market on May 6, 2025: The positive news of the US dollar: The US ISM service industry index unexpectedly accelerated its expansion. The improvement in this data cau...

News2025-05-06
Increased supply limits oil price increases, Trump imposes movie tariffs, risk a
Basic news on Tuesday (May 6, Beijing time), spot gold trading was around 3332.10, and gold prices rose more than 2% on Monday. Driven by weakening the dollar and safe-haven demand, the market is waiting for the Federal Reserve‘s policy decision later this wee...

News2025-05-06
【XM Group】--GBP/USD Forex Signal: Remains Under Pressure, But a Rebound Likely
Bullish viewBuy the GBP/USD pair and set a take-profit at 1.3430.Add a stop-loss at 1.3150.Timeline: 1-2 days.Bearish viewSell the GBP/USD pair and set a take-profit at 1.3150.Add a stop-loss at 1.343
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- 【XM Forex】--Silver Forecast: Silver Plunges to End the Week
- 【XM Market Review】--AUD/USD Forex Signal: Aussie Dollar Continues to Struggle
- 【XM Market Analysis】--EUR/USD Forecast: Stuck in a Range Below 1.05