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EUR/CHF Price Forecast: Bearish structure holds as pair hovers near 0.9300
EUR/CHF Price Forecast: Bearish structure holds as pair hovers near 0.9300
The Euro (EUR) is trading in a narrow range against the Swiss Franc (CHF) on Tuesday, with price action consolidating near the 0.9300 mark.
Technical Analysis
Crosses
Currencies
EURCHF
EUR/JPY climbs toward 173.00 amid persistent Yen weakness
EUR/JPY climbs toward 173.00 amid persistent Yen weakness
The Euro extends its advance for the third consecutive session against the Japanese Yen on Tuesday, with EUR/JPY climbing toward the 173.00 level during the American session — a level last seen on 12 July 2024.
EURJPY
Crosses
Technical Analysis
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
USDCAD testing key resistance at 1.3710 after bouncing off support at 1.36697. Traders await breakout for bullish momentum confirmation.
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
Intraday Update: USDCAD facing critical resistance at 1.3710 amidst consolidation phase
USDCAD testing key resistance at 1.3710 after bouncing off support at 1.36697. Traders await breakout for bullish momentum confirmation.
Silver pulls back below $38.50 as bullish momentum fades on firm US Dollar, CPI data
Silver pulls back below $38.50 as bullish momentum fades on firm US Dollar, CPI data
The price of Silver is attempting to recover from Monday’s slump as traders digest fresh economic data from China, the Eurozone, and the United States.
Silver
XAGUSD
DollarIndex
CPI
Technical Analysis
Bullish
EURUSD initially rises after CPI but stays below the 100 hour MA
EURUSD initially rises after CPI but stays below the 100 hour MA
The 100 hour MA comes in at 1.16927. That MA has stalled the rise twice today
EURUSD initially rises after CPI but stays below the 100 hour MA
EURUSD initially rises after CPI but stays below the 100 hour MA
The 100 hour MA comes in at 1.16927. That MA has stalled the rise twice today
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
What are the key technical levels in play for the EURUSD, USDJPY and GBPUSD ahead of the key CPI data?
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
US CPI will kickstart the US trading day. The USD is mostly lower to start the day
What are the key technical levels in play for the EURUSD, USDJPY and GBPUSD ahead of the key CPI data?
Gold slips as CPI data tempers rate cut hopes with Fed credibility in focus
Gold slips as CPI data tempers rate cut hopes with Fed credibility in focus
Gold (XAU/USD) is trading in a narrow range on Tuesday, following the US Consumer Price Index (CPI) report that reinforced expectations the Federal Reserve (Fed) may refrain from a near-term rate pivot.
Gold
XAUUSD
Technical Analysis
Inflation
SEO
EUR supported by broader tone – Scotiabank
EUR supported by broader tone – Scotiabank
The Euro (EUR) is up a modest 0.2% against the US Dollar (USD) and attempting stabilization in the mid/upper-1.16s, supported by an improvement in the broader market’s mood, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
ECB
Technical Analysis
USD/CNH: Likely to trade sideways between 7.1630 and 7.1780 – UOB Group
USD/CNH: Likely to trade sideways between 7.1630 and 7.1780 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1630 and 7.1780 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold (XAU/USD) correction has been limited at $3,340, and the precious metal is retracing previous losses on Tuesday, approaching three-week highs at $3,380 as US Treasury yields and the US Dollar pull back from recent highs ahead of the US CPI release.The US Dollar Index, which measures the value o
XAUUSD
Gold
Metals
Commodities
Technical Analysis
Dow Jones futures trade calmly ahead of US banks’ Q2 earnings, inflation data
Dow Jones futures trade calmly ahead of US banks’ Q2 earnings, inflation data
Dow Jones futures trade quietly during the European trading session on Tuesday as investors await quarterly results from a number of United States (US) commercial banks and the Consumer Price Index (CPI) data for June, which will be published at 12:30 GMT.
DowJones
CPI
Equities
Inflation
Technical Analysis
USD/JPY: Any advance is unlikely to break above 148.05 – UOB Group
USD/JPY: Any advance is unlikely to break above 148.05 – UOB Group
Further US Dollar (USD) strength is not ruled out against Japanese Yen (JPY); negative divergence suggests any advance is unlikely to break above 148.05.
USDJPY
Banks
Technical Analysis
NZD/USD: sustained break below 0.5950 is unlikely – UOB Group
NZD/USD: sustained break below 0.5950 is unlikely – UOB Group
New Zealand Dollar (NZD) could test 0.5950 against US Dollar (USD); a sustained break below this level is unlikely. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
USD: What's new with tariffs – Commerzbank
USD: What's new with tariffs – Commerzbank
Monday was relatively quiet in terms of news surrounding US tariff policy, at least when compared to last week. The new deadline has been set, and now it's time to get back to the negotiating table. However, it should be clear that the next two weeks will not be easy.
Banks
DollarIndex
Technical Analysis
AUD/USD is under mild downward pressure – UOB Group
AUD/USD is under mild downward pressure – UOB Group
Australian Dollar (AUD) is under mild downward pressure against US Dollar (USD); it may edge lower but is unlikely to reach 0.6515. In the longer run, AUD is likely still trading in a range of 0.6515/0.6615, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
DXY: CPI in Focus – OCBC
DXY: CPI in Focus – OCBC
US Dollar (USD) traded mixed with strength seen vs. most Asian FX including THB, IDR, PHP while USD was modestly softer vs. CHF, EUR and precious metals. DXY was last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
USD: June CPI to set the tone – ING
USD: June CPI to set the tone – ING
FX markets have had a quiet start to the week. The risks of new Russian sanctions highlighted here yesterday were actually less harsh than expected in that they gave Russia 50 days to reach a deal (ceasefire with Ukraine). Energy prices ended a little lower, ING's FX analyst Chris Turner notes.
DollarIndex
Banks
Technical Analysis
Fed
GBP/USD: Weakness is not ruled out  – UOB Group
GBP/USD: Weakness is not ruled out – UOB Group
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); any declines are unlikely to reach the major support at 1.3375. In the longer run, the outlook for GBP remains negative; a move to 1.3375 is now expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
USD/JPY: Nearing overbought conditions – OCBC
USD/JPY: Nearing overbought conditions – OCBC
USD/JPY rose amid rise in UST yields, tariff implications, sell-off in longer-dated JGBs and upper house election uncertainty. USD/JPY was last at 147.69 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
Japan
EUR/USD remains on the downside – UOB Group
EUR/USD remains on the downside – UOB Group
Risk for Euro (EUR) remains on the downside against US Dollar (USD); lackluster momentum continues to suggest that 1.1625 is likely out of reach. In the longer run, the risk of EUR declining to 1.1625 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
GBP: Macro, not fiscal, weighing now – ING
GBP: Macro, not fiscal, weighing now – ING
In quiet markets, the EUR/GBP run-up to 0.8700 has been notable, ING's FX analyst Chris Turner notes.
Banks
EURGBP
Technical Analysis
GBPUSD
BOE
EUR/USD: Fate hinges on USD – OCBC
EUR/USD: Fate hinges on USD – OCBC
Euro (EUR) consolidated overnight in absence of fresh catalyst while markets wait and see US CPI data for any tariff-related implications. EUR was last at 1.1675, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR: German ZEW should continue upbeat tone – ING
EUR: German ZEW should continue upbeat tone – ING
EUR/USD is consolidating as investors price up the next trade move, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
GBP/JPY Price Forecast: Looking for direction above 198.25 support
GBP/JPY Price Forecast: Looking for direction above 198.25 support
The Pound treads water as the Yen loses momentum, with market sentiment improving.The bearish correction from last week's highs near 200.00, remains contained above 198.25 for now.On the upside, the Pound would need to clear Monday's top, at 198.80, to ease bearish pressure.The Pound is picking up o
GBPJPY
Currencies
Crosses
Technical Analysis
US Dollar Index Price Forecast: Drops to near 98.00, next support appears at nine-day EMA
US Dollar Index Price Forecast: Drops to near 98.00, next support appears at nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground after registering gains in the previous four consecutive sessions and trading around 98.00 during the early European hours on Tuesday.
Technical Analysis
DollarIndex
Majors
Gold Technical Analysis – All eyes on the US CPI
Gold Technical Analysis – All eyes on the US CPI
Gold continues to range as the market awaits the US CPI release to decide where to go next
Gold Technical Analysis – All eyes on the US CPI
Gold Technical Analysis – All eyes on the US CPI
Gold continues to range as the market awaits the US CPI release to decide where to go next
WTI Price Forecast: Tests 50-day EMA support near $65.50
WTI Price Forecast: Tests 50-day EMA support near $65.50
West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $65.80 per barrel during the European hours on Tuesday.
Commodities
WTI
Oil
Technical Analysis
GBP/USD Price Analysis: Struggles near multi-week low, around 1.3430  ahead of US CPI
GBP/USD Price Analysis: Struggles near multi-week low, around 1.3430 ahead of US CPI
The GBP/USD pair consolidates near the 1.3430-1.3435 region, just above a three-week low touched during the Asian session on Tuesday as traders keenly await the release of the US consumer inflation figure.
GBPUSD
Inflation
Fed
Technical Analysis
Currencies
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