Downward momentum has slowed somewhat, but there is still a chance for Pound Sterling (GBP) to decline to 1.3200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Euro (EUR) could dip below last week’s low of 1.1540; a sustained decline below this level is unlikely. In the longer run, the likelihood of EUR reaching the 1.1490 during this phase of weakness is decreasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
After the weekend de-escalation in tariff risk, market concerns have risen again overnight. China placed limits on five US entities of Hanwha Ocean, a Korean shipbuilding company, in response to the US investigation into China’s trade practices.
USD/KRW has confirmed renewed upward momentum after reclaiming the 200-day moving average, with next resistance seen at 1,445 and 1,454/1,457, Société Générale's FX analysts note.
EUR/JPY extends its losing streak for the fourth consecutive session, trading around 175.60 during the European hours on Tuesday. The technical analysis of the daily chart indicates a potential for a bearish shift as the currency cross is positioned below the ascending channel pattern.
This morning’s UK jobs report was mildly dovish. Private sector wage growth, a key BoE metric, undershot expectations, falling to 4.4% YoY, ING's FX analyst Francesco Pesole notes.
Following the US President's announcement on Monday night of a de-escalation in the tariff conflict with China, it was no surprise that the USD was able to recoup its losses from Friday. For weeks, we have been discussing when EUR-USD will finally break through the 1.18 level on a sustained basis.
Unless major USD-negative news comes from the US (macro or tariffs), we doubt the euro will stage any idiosyncratic rebound before getting any clarity on French politics, ING's FX analyst Francesco Pesole notes.
EUR/USD holds losses for the second consecutive day on Tuesday, trading right below 1.1560 after having retested two-month lows at 1.1542 earlier on the day.
The RBA said the Australian dollar’s slight appreciation, driven by widening yield gaps with other major economies, is consistent with long-run fundamentals and not adding to financial tightening.
The RBA held its cash rate at 3.60% at the September meeting and said future decisions will be cautious and data-driven, noting sticky services inflation and a still-tight labour market. Policymakers said past cuts are lifting housing activity, but third-quarter inflation data will be key to whether another easing comes in November or December.
The GBP/USD ended Monday’s session with loses of 0.13% as the Greenback staged a recovery, after US President Donald Trump tempered its rhetoric on China, over the weekend. At the time of writing, the pair trades at 1.3333 as the Tuesday’s Asian session begins.
EUR/USD drops during the North American session on Monday, down 0.41% as the US Dollar (USD) trims some of its Friday losses spurred by US President Donald Trump's threats to impose additional duties on Chinese products.
Gold price continues to print record highs now it passed the $4,100 milestone during the North American session, as US-China’s trade war escalated last week, boosting the safe-haven appeal of Bullion. XAU/USD trades at $4,095 up nearly 2%.
Risk proxies come under pressure while safe-haven proxies were better bid into NY close last Friday following the unexpected twist in US-China relations, from Friday into the weekend.
Euro (EUR) found bids as French political situation saw another twist and turn while the unexpected flare-up in US-China relations weighed on US Dollar (USD). EUR last seen at 1.1570 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The Pound Sterling (GBP) slides on Monday during the North American session, down 0.18% as tensions between the US and China ease, following last Friday’s escalation, which prompted investors to buy safety assets. At the time of writing, GBP/USD trades at 1.3325 after hitting a daily high of 1.3366.
The Brazilian Real (BRL) remains under mild pressure as USD/BRL holds above 5.27, with technical signals pointing to further upside while support at 5.37 stays intact, Société Générale's FX analysts note.
US Dollar (USD) is likely to trade in a range between 7.1280 and 7.1500. In the longer run, USD is expected to trade in a range between 7.1200 and 7.1550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Dollar (USD) is likely to trade in a range between 151.30 and 152.70. In the longer run, the current price movements are likely the early stages of a 149.50/153.00 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
New Zealand Dollar (NZD) could test 0.5710; given the oversold conditions, it is unlikely to reach the major support at 0.5690. In the longer run, outlook for NZD has shifted to negative; the level to watch is 0.5690, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
اشترك في هذه المناقشةإشعارني عند نشر مشاركة في هذا النقاشيتم الإشعار عبر الموقع والبريد الإلكتروني. يرجى تحديد تكرار إشعارات البريد الإلكتروني لهذا الاشتراكتكرار الإشعارات:
اشتراك
| أكتب مراجعة
Important Information Before You Sign Up as a Company
Before you proceed, please read this important information about our review and rating policies.
Do – Get real customer reviews and embed our ratings widgets
Do – Get real customer reviews and embed our ratings widgets
Showcasing real experiences builds trust and drives long-term success. Our widgets highlight authentic customer feedback, boosting credibility. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.
Don't – Attempt to trick our system with fake reviews
Don't – Attempt to trick our system with fake reviews
We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. The best strategy? Rely on real, satisfied customers to build your rating honestly.