The EUR/GBP cross loses traction to around 0.8580 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) amid tariff negotiations uncertainty.
The NZD/JPY consolidates during the week, although it posted losses of over 0.44% on Tuesday, on solid Japanese economic data. Additionally, the risk-off mood, which has boosted safe-haven peers like the Yen, exerted downward pressure on the cross-pair, which trades at 87.41, virtually unchanged.
EUR/USD remained virtually unchanged on Tuesday during the North American session after reaching a multi-year high of 1.1830, before dipping below the 1.1800 level.
The Gold price rises over 1% as the Greenback pares some of its earlier losses, which sent the US Dollar Index (DXY) to a three-year low. Meanwhile, the US Senate passed the Trump tax bill, which is ready to be sent to the House of Representatives for its approval.
Silver (XAG/USD) is hovering around 36.20 during the American session on Tuesday, trading in a narrow range as bulls take a breather after the sharp rally that saw the metal hit multi-year highs in June.
The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair.
The US Dollar (USD) continues to face selling pressure, with the US Dollar Index (DXY) slipping to as low as 96.38, its weakest level since February 2022, during early trading on Tuesday.
On Monday, the Australian government presented its quarterly forecasts for the mining and export of metals and energy, Commerzbank's FX analyst Volkmar Baur notes.
The euro gained 13.8% against the US dollar in the first six months of this year, marking the best start to a year against the greenback since its introduction. In the last three months alone, the euro gained 9%, representing one of its best quarters against the US dollar.
There is potential for US Dollar (USD) to drop below 7.1500 against Chinese Yuan (CNH); it is unclear whether there is sufficient momentum for it to reach 7.1450.
Increase in momentum may lead to US Dollar (USD) breaking below 143.50 against Japanese Yen (JPY); any further decline is unlikely to reach 142.70. In the longer run, buildup in momentum could trigger further USD declines toward 142.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CNH continued to trade lower in subdued ranges near its recent lows. USD/CNH last at 7.1560 levels. Daily momentum is showing tentative signs of turning mild bearish but decline in RSI shows signs of moderation, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Brent crude's failed attempt to hold above its 200-day moving average has reinforced downside risks, setting the stage for a continued retreat toward key support levels.
The dollar continues to edge lower in an environment characterised by lower volatility. On the subject of volatility, it's interesting to note that traded volatility levels for equities and debt have fallen further than they have for FX.
USD/JPY drifted lower this morning, breaking past 144-support. Pair was last at 142.86 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
While New Zealand Dollar (NZD) could continue to rise against US Dollar (USD), deeply overbought conditions suggest that 0.6120 is likely out of reach for now.
US Dollar (USD) continued to trade under pressure as recent US economic data (Chicago PMI, Dallas Fed manufacturing activity) disappointed overnight, while markets increasingly priced in expectations of Federal Reserve rate cuts.
AUD/USD continues to show resilience, quickly regaining lost ground after a brief dip below its 50-day moving average and is now eyeing a breakout from its long-held range.
EUR/GBP remains reasonably well bid as expectations for the BoE policy rate, like the Fed rate, have been priced lower over the last month, ING's FX analyst Chris Turner notes
Euro (EUR) extended its run higher towards 1.18-handle briefly this morning as USD loses ground broadly. Pair was last at 1.1795 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver (XAG/USD) is extending its rebound from Monday’s lows at $3540 to intra-day highs at $36.50 so far, with precious metals supported by higher demand for safe havens, amid an increasingly cautious market sentiment.Trump’s comments complaining about the lack of progress on the trade talks with J
NVDA is a leading indicator for market sentiment, driven by semiconductor cyclicality, AI revolution, and high beta nature. It may be ending a major 90% rally soon and there is an important technical junction that may attract profit takers to take profit before, as they might think, others would also do.
EUR/JPY depreciates after two days of gains, trading around 169.40 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern, strengthening the bullish bias.
Silver (XAG/USD) struggles to capitalize on the overnight goodish rebound from the $35.40 area or a multi-day trough and attracts fresh sellers during the Asian session on Tuesday. The white metal currently trades around the $35.85 region, down 0.70% for the day.
Pretplatite se na ovu raspravuObavijesti me kada netko objavi u ovoj raspraviObavijesti se prikazuju na stranici i putem e-pošte. Molimo navedite učestalost obavijesti e-poštom koje želite primati za ovu pretplatuUčestalost e-pošte:
Pretplati se
| Napišite svoje mišljenje
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.
Podijelite svoju recenziju!
Nadamo se da uživate u našoj usluzi i voljeli bismo doznati kakvi su vaši dojmovi!
Kliknite jednu od ovih poveznica kako biste napisali recenziju: