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The USD is higher vs the major currencies to start the US trading day
The USD is higher vs the major currencies to start the US trading day
Initial claims, retail sales, Philly Fed, and import/export prices due at 8:30 AM ET
The USD is higher vs the major currencies to start the US trading day
The USD is higher vs the major currencies to start the US trading day
Initial claims, retail sales, Philly Fed, and import/export prices due at 8:30 AM ET
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320 
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320 
Gold (XAU/USD) is trading lower on Thursday, weighed by a stronger US Dollar, with risk appetite subdued amid ongoing uncertainty about global trade and rumours about the resignation of the Fed Chair Jerome Powell.The precious metal retreats from Monday’s highs at $3,375, but price action remains co
XAUUSD
Gold
Metals
Commodities
Technical Analysis
NZD: Signs of a resurgence in inflation – Commerzbank
NZD: Signs of a resurgence in inflation – Commerzbank
Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes.
NZDUSD
Banks
NewZealand
RBNZ
Technical Analysis
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 – UOB Group
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1920 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
AUD: Cooling off or taking a breather? – Commerzbank
AUD: Cooling off or taking a breather? – Commerzbank
The Australian labour market appears to be cooling somewhat, which could give the Reserve Bank of Australia room to cut key interest rates again in August, Commerzbank's FX analyst Volkmar Baur notes.
AUDUSD
Banks
RBA
Technical Analysis
Australia
USD/JPY: Likely to trade between 147.50 and 148.80 – UOB Group
USD/JPY: Likely to trade between 147.50 and 148.80 – UOB Group
Sharp fluctuations have resulted in a mixed outlook; US Dollar (USD) could continue to fluctuate against Japanese Yen (JPY), likely between 147.50 and 148.80.
USDJPY
Technical Analysis
Banks
USD: Trump's rollercoaster ride – Commerzbank
USD: Trump's rollercoaster ride – Commerzbank
Things got really exciting again yesterday afternoon. First, a major US media outlet reported that Donald Trump had told Republican lawmakers that he was going to fire Federal Reserve Chairman Jerome Powell.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
NZD/USD: Likely to stay within the range of 0.5914/0.5969 – UOB Group
NZD/USD: Likely to stay within the range of 0.5914/0.5969 – UOB Group
New Zealand Dollar (NZD) could remain volatile against US Dollar (USD), but it is likely to stay within yesterday’s range of 0.5914/0.5969.
NZDUSD
Technical Analysis
Banks
EUR/GBP breakout signals Fresh upside – Société Générale
EUR/GBP breakout signals Fresh upside – Société Générale
EUR/GBP has broken out of its recent consolidation range, confirming renewed bullish momentum. With technical indicators supportive, the pair now targets higher levels, provided key support at 0.8585 holds, Société Générale's FX analysts note.
EURGBP
Technical Analysis
Banks
USD/JPY: Election risks dominate sentiments – OCBC
USD/JPY: Election risks dominate sentiments – OCBC
Recent poll by Nikkei, Kyodo, Asahi shows LDP-Komeito coalition is at risk of losing Upper House election. USD/JPY last seen at 148.67, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
Japan
BOJ
USD: Focus returns to macro after Powell scare – ING
USD: Focus returns to macro after Powell scare – ING
What are the market implications of a potential early departure of Fed Chair Powell? It's an unlikely scenario, but for an hour Wednesday afternoon it appeared very real.
DollarIndex
Banks
Technical Analysis
Fed
DXY: 50-DMA an interim top? – OCBC
DXY: 50-DMA an interim top? – OCBC
US Dollar (USD) had its choppy momentum overnight following reports that President Trump had considered dismissing Fed Chair Powell – though these claims were later denied by the man himself. DXY was last at 98.68 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
AUD/USD: Resistance levels are at 0.6530 and 0.6550 – UOB Group
AUD/USD: Resistance levels are at 0.6530 and 0.6550 – UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6480 against US Dollar (USD). In the longer run, there has been a tentative buildup in momentum; AUD is likely to edge lower to 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Levels
GBP: May's job drop heavily revised – ING
GBP: May's job drop heavily revised – ING
Last month, a surprise 109k fall in May UK payrolls opened the discussion on whether the Bank of England had to accelerate easing, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
GBP/USD: View is still negative – UOB Group
GBP/USD: View is still negative – UOB Group
The current price movements are likely part of a 1.3360/1.3460 consolidation phase. In the longer run, GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
AUD/USD: Corrective pullback on the daily chart – OCBC
AUD/USD: Corrective pullback on the daily chart – OCBC
Australian Dollar (AUD) slipped amid downside surprise to labour market data – from multiple aspects. AUD was last at 0.6472, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUDUSD
Banks
Technical Analysis
EUR/USD: Likely to trade between 1.1580 and 1.1680 – UOB Group
EUR/USD: Likely to trade between 1.1580 and 1.1680 – UOB Group
Euro (EUR) is likely to trade between 1.1580 and 1.1680 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR/USD: French budget may weigh on the Euro – OCBC
EUR/USD: French budget may weigh on the Euro – OCBC
Euro (EUR) continued to stay under pressure and fell amid broad US Dollar (USD) strength. Pair was last at 1.1600, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
EUR: EU budget has long-term EUR implications – ING
EUR: EU budget has long-term EUR implications – ING
Aside from the very brief spike induced by Powell removal speculation yesterday, EUR/USD looks rather comfortable trading in the low 1.16s.
EURUSD
Banks
Technical Analysis
Gold Technical Analysis – The rangebound price action continues
Gold Technical Analysis – The rangebound price action continues
Gold continues to lean on the major trendline as the lower than expected inflation data didn’t offer any support
Gold Technical Analysis – The rangebound price action continues
Gold Technical Analysis – The rangebound price action continues
Gold continues to lean on the major trendline as the lower than expected inflation data didn’t offer any support
FX option expiries for 17 July 10am New York cut
FX option expiries for 17 July 10am New York cut
A look at what is on the board for today
FX option expiries for 17 July 10am New York cut
FX option expiries for 17 July 10am New York cut
A look at what is on the board for today
Silver Price Forecast: XAG/USD holds near $38.00 as bullish momentum builds
Silver Price Forecast: XAG/USD holds near $38.00 as bullish momentum builds
Silver price advances as Thursday’s North American session begins, up by 0.07% after printing gains of over 0.50% on Wednesday, courtesy of weaker-than-expected data that pushed precious metals higher. At the time of writing, XAG/USD is trading at $37.90, which is below the $38.00 figure.
Technical Analysis
XAGUSD
Silver
Metals
Bullish
EUR/USD rebounds as Trump threatens Fed’s independence, soft PPI weighs on USD
EUR/USD rebounds as Trump threatens Fed’s independence, soft PPI weighs on USD
The EUR/USD holds to earlier gains of 0.25% on Wednesday after US President Donald Trump threatened to remove the Federal Reserve (Fed) Chair Jerome Powell. This, along with a softer-than-expected inflation report on the producer side, capped the Euro’s advance versus the US Dollar.
EURUSD
Technical Analysis
Fundamental Analysis
Fed
SEO
AUDUSD Technical Update: Volatile swings but bears keep short-term edge
AUDUSD Technical Update: Volatile swings but bears keep short-term edge
Rally today stalled under the 100 hour MA. keeps bears in play/control
AUDUSD Technical Update: Volatile swings but bears keep short-term edge
AUDUSD Technical Update: Volatile swings but bears keep short-term edge
Rally today stalled under the 100 hour MA. keeps bears in play/control
GBP/JPY retreats as rising UK inflation and upbeat Retail Sales fail to push prices to recent highs
GBP/JPY retreats as rising UK inflation and upbeat Retail Sales fail to push prices to recent highs
The British Pound (GBP) is retreating against the Japanese Yen (JPY) on Wednesday after another failed attempt from bulls to push prices above the 200.00 psychological level.
GBPJPY
Fundamental Analysis
Currencies
Crosses
Technical Analysis
Gold price rises on fears about Fed's independence, weak PPI
Gold price rises on fears about Fed's independence, weak PPI
Gold price rose during the North American session by 0.78%, helped by US President Donald Trump's comments on firing Federal Reserve (Fed) Chair Jerome Powell, despite his denials of the remarks, saying it is highly unlikely to fire him unless there is fraud.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
Where has the dust settled in the forex?
Where has the dust settled in the forex?
Trump/Powell sent the USD lower and then back higher on the headline news
Where has the dust settled in the forex?
Where has the dust settled in the forex?
Trump/Powell sent the USD lower and then back higher on the headline news
USD/JPY retreats as Trump-Powell tensions cap gains
USD/JPY retreats as Trump-Powell tensions cap gains
The Japanese Yen (JPY) is attempting to recover a portion of recent losses against the US Dollar (USD) on Wednesday expectations that US President Donald Trump would fire Federal Reserve (Fed) Chair Jerome Powell heated up and then died down.
USDJPY
Fundamental Analysis
Technical Analysis
Majors
Currencies
EUR/USD recovers with trade talks and Fed independence in focus
EUR/USD recovers with trade talks and Fed independence in focus
The Euro (EUR) is strengthening against its US Dollar (USD) counterpart on Wednesday, as traders shift focus to concerns surrounding the potential replacement of Federal Reserve (Fed) Chair Jerome Powell.
EURUSD
Technical Analysis
Fundamental Analysis
Fed
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal
The GBP/USD pair reverses its course and rallies as the latest US Producer Price Index (PPI) data reignites hopes of a rate cut by the Federal Reserve (Fed), while headlines suggest that US President Donald Trump may consider firing Fed Chair Jerome Powell.
GBPUSD
Technical Analysis
Majors
Fundamental Analysis
Currencies
Silver Price Forecast: Softer PPI data underpins XAG/USD, bullish momentum persists
Silver Price Forecast: Softer PPI data underpins XAG/USD, bullish momentum persists
Silver (XAG/USD) is holding firm near the $38.00 level on Wednesday, drawing support after US Producer Price Index (PPI) data for June came in softer than expected. At the time of writing, the metal is trading around $37.90 per ounce.
XAGUSD
Technical Analysis
PPI
Silver
Bullish
The USD is little changed ahead of the PPI data after yesterday's run higher. What next?
The USD is little changed ahead of the PPI data after yesterday's run higher. What next?
In the video, I take a technical look at the 3 major currency pairs, the EURUSD, the USDJPY and the GBPUSD. What is the bias? What are the risk levels? What are the targets?
The USD is little changed ahead of the PPI data after yesterday's run higher. What next?
The USD is little changed ahead of the PPI data after yesterday's run higher. What next?
In the video, I take a technical look at the 3 major currency pairs, the EURUSD, the USDJPY and the GBPUSD. What is the bias? What are the risk levels? What are the targets?
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