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GBP/JPY slips as UK fiscal concerns weigh, BoJ hike bets firm
GBP/JPY slips as UK fiscal concerns weigh, BoJ hike bets firm
The Pound Sterling (GBP) losses ground versus the Japanese Yen (JPY) on Thursday as the cross-pair reversed its course from around weekly highs of 200.34, weighed by investors' growing concerns about Britain's finances. GBP/JPY trades at 199.72, down 0.27%.
GBPJPY
Currencies
Crosses
Technical Analysis
Fundamental Analysis
USDCAD Technicals: USDCAD stretches to to the next key target and is finding sellers
USDCAD Technicals: USDCAD stretches to to the next key target and is finding sellers
Key level for the USDCAD at the August high and the 38.2% retracement of the move down from the March 2025 high.
CAD
USD
US stocks lower as yields move higher
US stocks lower as yields move higher
Nasdaq falls below the 100 hour MA but bounces
A tidal wave of better data has the USD moving higher What technical levels are in play?
A tidal wave of better data has the USD moving higher What technical levels are in play?
US GDP, durable goods, initial jobless claims, trade balance all support the move higher in the US dollar.. What do the technicals say?
The market is re-thinking the Federal Reserve rate cutting path
The market is re-thinking the Federal Reserve rate cutting path
Two cuts this year no longer a strong base case
Bonds
Fed
Gold balances strong US data against geopolitical risks
Gold balances strong US data against geopolitical risks
Gold (XAU/USD) steadies on Thursday after briefly slipping on stronger-than-expected US economic data, as geopolitical risks lend support. Bloomberg reports that European diplomats privately warned Moscow they are prepared to shoot down Russian jets.
Gold
XAUUSD
Technical Analysis
Fed
GDP
The USD rose yesterday and is consolidating the gains versus the major currency pairs
The USD rose yesterday and is consolidating the gains versus the major currency pairs
The GBPUSD is trading to new session lows as it breaks lower. I will look at the 3 major currency pairs - the EURUSD, USDJPY and GBPUSD - from a technical perspective in this video and outline the key levels in play.
Heads up: There's going to be a barrage of Fed speakers coming up later in the day
Heads up: There's going to be a barrage of Fed speakers coming up later in the day
It's not just about US economic data on the agenda in the session ahead
Gold Price Forecast: XAU/USD recovery might find resistance at $3,760
Gold Price Forecast: XAU/USD recovery might find resistance at $3,760
Gold is regaining some of the ground lost on Tuesday.
XAUUSD
Gold
Metals
Technical Analysis
USD/CNH to test 7.1420 before the risk of a pullback increases – UOB Group
USD/CNH to test 7.1420 before the risk of a pullback increases – UOB Group
There is scope for US Dollar (USD) to test 7.1420 before the risk of a pullback increases; 7.1500 is unlikely to come into view today.
Banks
Technical Analysis
USDCNH
USD/JPY is likely to trade in a range between 148.20 and 149.15 – UOB Group
USD/JPY is likely to trade in a range between 148.20 and 149.15 – UOB Group
US Dollar (USD) is likely to trade in a range between 148.20 and 149.15. In the longer run, renewed upward momentum suggests USD could reach 149.15; it is unclear whether it could continue to rise to 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
The Nasdaq retreats from the all-time highs: when is a good time to buy the dip?
The Nasdaq retreats from the all-time highs: when is a good time to buy the dip?
The strong bullish momentum in the Nasdaq is waning as we head into the weekend. What traders should look for next?
Nasdaq Technical Analysis
SNB chairman Schlegel: We are prepared to cut interest rates below zero if required
SNB chairman Schlegel: We are prepared to cut interest rates below zero if required
Schlegel reaffirms that they are flexible if and when push comes to shove
CHF
SNB
NZD/USD might drop below the major support at 0.5800 – UOB Group
NZD/USD might drop below the major support at 0.5800 – UOB Group
New Zealand Dollar (NZD) could drop below the major support at 0.5800, but it might not be able to hold below this level.
NZDUSD
Technical Analysis
Banks
USD/MXN slips below range support – Société Générale
USD/MXN slips below range support – Société Générale
USD/MXN has broken below its recent consolidation base, signaling renewed downside momentum, with 18.65 now the key barrier to cap rebounds before the pair potentially extends losses toward 18.15 and 17.80/60, Société Générale's FX analysts note.
USDMXN
Banks
Technical Analysis
Mexico
AUD/USD: More likely to trade in a lower range of 0.6565/0.6605 – UOB Group
AUD/USD: More likely to trade in a lower range of 0.6565/0.6605 – UOB Group
Rather than continuing to weaken, Australian Dollar (AUD) is more likely to trade in a lower range of 0.6565/0.6605. In the longer run, the price action suggests that the likelihood of AUD testing 0.6550 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
EUR/CHF holds above key trendline – Société Générale
EUR/CHF holds above key trendline – Société Générale
EUR/CHF is testing a critical support zone after slipping below its 200-day moving average, with the 0.9285–0.9260 trendline likely to determine whether the pair stabilizes or extends its decline, Société Générale's FX analysts note.
Banks
EURCHF
Technical Analysis
GBP/USD might retest the 1.3430 support level – UOB Group
GBP/USD might retest the 1.3430 support level – UOB Group
Pound Sterling (GBP) could retest the 1.3430 support level; a sustained break below this level is unlikely. The next support at 1.3365 is also unlikely to come under threat for now.
Banks
GBPUSD
Technical Analysis
SNB chairman Schlegel: We remain willing to be active in the FX market as necessary
SNB chairman Schlegel: We remain willing to be active in the FX market as necessary
Remarks by SNB policymakers after the monetary policy decision earlier
CHF
SNB
EUR/USD: Scope to break below 1.1715 – UOB Group
EUR/USD: Scope to break below 1.1715 – UOB Group
Euro (EUR) has scope to break below 1.1715, but it might not be able to maintain a foothold below this level.
EURUSD
Technical Analysis
Banks
MXN: Weak real economy, further interest rate cuts, yet no weaker peso – Commerzbank
MXN: Weak real economy, further interest rate cuts, yet no weaker peso – Commerzbank
At the beginning of the year, very few analysts would have predicted that the Brazilian real and the Mexican peso would perform so well against the US dollar, with gains of 17% and 13% respectively, Commerzbank's FX analyst Tatha Ghose notes.
USDMXN
Mexico
Banks
Banxico
Technical Analysis
DXY: Interim bounce – OCBC
DXY: Interim bounce – OCBC
US Dollar (USD) extended its rebound momentum post-Fed cut. Cautious remarks from Fed officials dampened bearish bets on USD. DXY last seen at 97.80 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
USD: Bears are getting hungry – ING
USD: Bears are getting hungry – ING
We don't really buy into the story that geopolitics has driven the dollar stronger this week. If investors were substantially more worried about military conflict at NATO's eastern border, CEE currencies would be a lot weaker, as would German equity markets.
DollarIndex
Banks
Technical Analysis
SNB leaves key policy rate unchanged at 0% in September monetary policy decision
SNB leaves key policy rate unchanged at 0% in September monetary policy decision
The SNB maintains their zero interest rate policy stance in Q3 2025
CHF
SNB
USD/JPY: Bias is to sell rallies – OCBC
USD/JPY: Bias is to sell rallies – OCBC
The LDP leadership campaign is underway, with election scheduled on 4 October. 5 names have surfaced but the race is tight between Sanae Takaichi and Shinjiro Koizumi. Asahi polls showed Takaichi leading with 28% and Koizumi at 24%.
USDJPY
Technical Analysis
Banks
BOJ
Dow Jones Technical Analysis
Dow Jones Technical Analysis
Bearish below: 46,485 and bullish above: 46,535. See today’s Dow Jones futures key privce levels and partial-profit strategy.
TradeCompass
Dow Jones Technical Analysis
Stocks
The SNB only has unfavourable options – Commerzbank
The SNB only has unfavourable options – Commerzbank
The Swiss National Bank's (SNB) decision is today's highlight. Decision-makers are faced with a challenging choice: the inflation rate has fallen steadily in recent months and is now approaching the lower limit of the target range of 0% to 2% year-on-year.
Banks
SNB
USDCHF
Technical Analysis
European indices marked down at the open as investors turn more cautious
European indices marked down at the open as investors turn more cautious
Equities hold lower as we get things going on the session
CHF: SNB could look at excess reserves – ING
CHF: SNB could look at excess reserves – ING
The SNB meets to set policy today, at a time when Switzerland faces a 39% tariff on exports to the US, when CPI is running at just 0.2% year-on-year and when its preferred, inflation-adjusted measure of the Swiss franc is close to the extreme highs of early 2024, which prompted a dovish shift in ton
Banks
Technical Analysis
USDCHF
SNB
EURCHF
USD/CHF: Consolidation on the daily chart – OCBC
USD/CHF: Consolidation on the daily chart – OCBC
USD/CHF traded firmer amid broad USD rebound. Pair was last at 0.7956 levels. SNB MPC meeting today – likely a hold, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
USDCHF
GBP/JPY Price Forecast: Bulls are testing resistance at 200.30 area
GBP/JPY Price Forecast: Bulls are testing resistance at 200.30 area
The British Pound is trading higher against the Japanese Yen for the fourth consecutive day. The pair bounced up from the 199.20 area last week and has returned above the 200.00 level; however, a broken trendline resistance in the vicinity of 200.30 is currently holding bulls back for now.
GBPJPY
Technical Analysis
EUR: Optimism wanes a little – ING
EUR: Optimism wanes a little – ING
EUR/USD sold off on Wednesday morning and that looked to be a function of the German Ifo release, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
USD/CAD Price Forecast: Tests rectangle’s upper boundary above 1.3900
USD/CAD Price Forecast: Tests rectangle’s upper boundary above 1.3900
USD/CAD hovers around 1.3900 during the early European hours on Thursday, following its three-day winning streak.
USDCAD
Majors
Technical Analysis
Eurostoxx futures flat in early European trading
Eurostoxx futures flat in early European trading
A more tentative mood after the mixed showing yesterday
AUD/JPY Price Forecast: Constructive outlook remains in play above 98.00
AUD/JPY Price Forecast: Constructive outlook remains in play above 98.00
The AUD/JPY cross trades flat near 98.05 during the early European session on Thursday. Minutes from the Bank of Japan’s (BoJ) July meeting revealed that board members expect the central bank to keep hiking if inflation and the economy move as estimated.
AUDJPY
Technical Analysis
Crosses
US Dollar Index Price Forecast: DXY eases from two-week high, dips to 97.75/38.2% Fibo.
US Dollar Index Price Forecast: DXY eases from two-week high, dips to 97.75/38.2% Fibo.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, edges lower during the Asian session on Thursday and erodes a part of the previous day's strong move up to the 98.00 neighborhood, or a two-week high.
DollarIndex
Fed
InterestRate
Technical Analysis
Currencies
EUR/JPY Price Forecast: Hovers near ascending channel’s upper boundary at 175.00
EUR/JPY Price Forecast: Hovers near ascending channel’s upper boundary at 175.00
EUR/JPY halts its three-day winning streak, trading around 174.70 during the Asian hours on Thursday. The currency cross holds losses ahead of the German GfK Consumer Confidence Survey due later in the day.
Crosses
EURJPY
Technical Analysis
Broker Rebates