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NZDUSD trades between key retracement levels as sellers maintain control
NZDUSD trades between key retracement levels as sellers maintain control
The RBNZ keeps rates unchanged but keeps the door open for further cuts.
EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appetite improved due to most US equity indices registering gains as traders brace for the release of the latest Federal Reserve monetary policy meeting minutes. At the time of writing, the cross trades at 0.8622.
Fundamental Analysis
EURGBP
Technical Analysis
USDJPY moves lower and back toward swing area support
USDJPY moves lower and back toward swing area support
The price backs off from a higher swing area between 147.01 to 147.34.
JPY
USD
EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
The Euro (EUR) is trading flat against the US Dollar (USD) on Wednesday as investors turn cautious ahead of key US economic events.
EURUSD
Fundamental Analysis
Technical Analysis
Fed
GBPUSD stuck between key technical levels as traders await next move
GBPUSD stuck between key technical levels as traders await next move
1.3561 support holds again while 100-hour MA caps upside at 1.3620
USDCHF moves to new lows. Test hourly MAs. Key decision point for buyers and sellers
USDCHF moves to new lows. Test hourly MAs. Key decision point for buyers and sellers
The price is below the 100-hour MA at 0.79568, and testing the 200-hour moving average at 0.7948
CHF
USD
EUR/JPY retreats from YTD high amid trade tensions and overbought signals
EUR/JPY retreats from YTD high amid trade tensions and overbought signals
The Euro (EUR) is slipping against the Japanese Yen (JPY), easing from its recent year-to-date high of 172.28 reached on Wednesday amid fresh concerns over potential US tariffs targeting Japan.
EURJPY
Technical Analysis
Fundamental Analysis
Japan
Eurozone
Silver Price Forecast: XAG/USD falls for third straight day, pressured by firm US Dollar
Silver Price Forecast: XAG/USD falls for third straight day, pressured by firm US Dollar
Silver (XAG/USD) is trading near $36.40 on Wednesday, marking its third consecutive daily decline, as a stronger US Dollar and rising US Treasury yields continue to pressure precious metals.
XAGUSD
Technical Analysis
The USD is little changed to start the new trading day.
The USD is little changed to start the new trading day.
The RBNZ kept rates unchanged. The US treasury will auction 10 year notes and wholesale inventories are on the schedule today. US tariff news remains to be awaited.
GBP quiet ahead of data highlights later in week – Scotiabank
GBP quiet ahead of data highlights later in week – Scotiabank
The Pound Sterling (GBP) is entering Wednesday’s NA session unchanged vs. the US Dollar (USD), with limited overnight movement reflecting the absence of any major data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
Technical Analysis
US Dollar eases as Fed Meeting Minutes flag possible rate cuts later in the year
US Dollar eases as Fed Meeting Minutes flag possible rate cuts later in the year
The US Dollar (USD) maintains a firm footing on Wednesday, though momentum has eased slightly after a stronger start to the day. The Greenback opened with a mildly bullish tone amid lingering tariff tensions and cautious market sentiment.
DollarIndex
Currencies
Fed
Technical Analysis
TradeWar
USD/CAD: Risks easing a little more from a technical point of view – Scotiabank
USD/CAD: Risks easing a little more from a technical point of view – Scotiabank
The Canadian Dollar (CAD) remains pinned back to near its recent lows against the US Dollar (USD) in the upper 1.36s, where the USD has camped out for most of the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDCAD
Banks
Canada
Technical Analysis
USD/CNH: Chance to rise above 7.1900 – UOB Group
USD/CNH: Chance to rise above 7.1900 – UOB Group
There is a chance for US Dollar (USD) to rise above 7.1900 against Chinese Yuan (CNH), but it might not be able to maintain a foothold above this level.
Banks
Technical Analysis
USDCNH
USD rebound steadies in quiet trade – Scotiabank
USD rebound steadies in quiet trade – Scotiabank
Currency markets have slipped into a mid-week lull by the look of things this morning.
DollarIndex
Banks
GBPUSD
Technical Analysis
USD/JPY: Any advance may be limited to 147.20 – UOB Group
USD/JPY: Any advance may be limited to 147.20 – UOB Group
Strong momentum is likely to continue to outweigh overbought conditions, but any advance may be limited to 147.20.
USDJPY
Banks
Technical Analysis
EUR/GBP Price Forecast: Sideways trading with key support at 0.8600 in focus
EUR/GBP Price Forecast: Sideways trading with key support at 0.8600 in focus
The Euro is trading with a moderate bearish bias on Wednesday, although still within the last few days’ range.
EURGBP
Technical Analysis
Currencies
Crosses
Gold edges higher as the US Dollar falls ahead of the Fed Meeting Minutes
Gold edges higher as the US Dollar falls ahead of the Fed Meeting Minutes
Gold (XAU/USD) is extending its decline on Wednesday for a second consecutive day as the US Dollar (USD) and US Treasury yields firm ahead of the release of the Federal Open Market Committee (FOMC) Meeting Minutes.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR/USD: There are also the rate differentials – Commerzbank
EUR/USD: There are also the rate differentials – Commerzbank
There is another reason why the USD is struggling to gain ground against the euro: the interest rate differential. The market is now pricing in just under two interest rate cuts by the Fed by the end of the year, but only one by the ECB.
EURUSD
Banks
Technical Analysis
NZD/USD: Unlikely to reach the major support at 0.5950 – UOB Group
NZD/USD: Unlikely to reach the major support at 0.5950 – UOB Group
Slight increase in momentum indicates New Zealand Dollar (NZD) is likely to edge lower against US Dollar (USD); any decline is unlikely to reach the major support at 0.5950.
NZDUSD
Technical Analysis
Banks
Is the USD really at risk? – Commerzbank
Is the USD really at risk? – Commerzbank
There's the danger that the US government's imposition of sanctions via the US Dollar (USD) as the world's leading currency could cast doubt on its status if the countries that use the USD as an international transaction medium no longer support such US sanctions. But is the USD really at risk?
DollarIndex
Banks
Technical Analysis
Fed
EURUSD
AUD/USD: Expected to consolidate in a range of 0.6495/0.6555 – UOB Group
AUD/USD: Expected to consolidate in a range of 0.6495/0.6555 – UOB Group
Australian Dollar (AUD) is expected to consolidate in a range of 0.6495/0.6555 against US Dollar (USD). In the longer run, downward momentum is starting to build; AUD is likely to edge lower toward 0.6460, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
GBP/USD: Likely to trade in a sideways range of 1.3540/1.3640 – UOB Group
GBP/USD: Likely to trade in a sideways range of 1.3540/1.3640 – UOB Group
Pound Sterling (GBP) is likely to trade in a sideways range of 1.3540/1.3640 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
USD/MXN downtrend eyes 18.15 after breakdown – Société Générale
USD/MXN downtrend eyes 18.15 after breakdown – Société Générale
USD/MXN remains under pressure after breaking down from a multi-month consolidation, with the pair still lacking signs of a meaningful rebound as it grinds toward fresh lows, Société Générale's FX analysts note.
USDMXN
Banks
Mexico
Technical Analysis
NZD: RBNZ holds rates, upcoming data key – ING
NZD: RBNZ holds rates, upcoming data key – ING
The Kiwi dollar fluctuated after the RBNZ held overnight, and is now back at yesterday’s 0.600 close, ING's FX analyst Francesco Pesole notes.
Banks
NZDUSD
Technical Analysis
USD/CAD Price Forecast: Surges to near 1.3700, remains above nine-day EMA
USD/CAD Price Forecast: Surges to near 1.3700, remains above nine-day EMA
The USD/CAD pair has recovered its recent losses from the previous session, trading around 1.3690 during the European hours on Wednesday. The technical analysis of the daily chart suggests a prevailing bearish sentiment as the pair consolidates within the descending channel pattern.
Majors
USDCAD
Technical Analysis
EUR/USD: Expected to trade in a range between 1.1690 and 1.1760 – UOB Group
EUR/USD: Expected to trade in a range between 1.1690 and 1.1760 – UOB Group
Euro (EUR) is expected to trade in a range between 1.1690 and 1.1760 against US Dollar (USD). In the longer run, EUR strength from late last month has ended; the current pullback could extend to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD: Still little affected by tariff news – ING
USD: Still little affected by tariff news – ING
The FX market continues to approach tariff headlines with caution, broadly subscribing to the view that Trump is using the upcoming deadlines as leverage for trade negotiations but is unlikely to maintain elevated reciprocal tariffs for long.
DollarIndex
Banks
Technical Analysis
Fed
EUR: EU waiting on Trump's trade letter – ING
EUR: EU waiting on Trump's trade letter – ING
EUR/USD might have found a short-term anchor at 1.17. Despite the post-NFP hawkish repricing in the USD OIS curve, the two-year swap rate gap remains 15-20bp wider than a month ago.
Banks
Technical Analysis
EURUSD
EUR/USD drifts closer to weekly lows on cautious markets, ahead of the  FOMC Minutes
EUR/USD drifts closer to weekly lows on cautious markets, ahead of the FOMC Minutes
The EUR/USD pair is posting moderate losses on Wednesday, nearing the bottom of the weekly range, as investors remain wary of risk after US President Donald Trump announced new tariffs on copper and pointed to significant restrictions on pharmaceuticals.
EURUSD
Currencies
Fed
SEO
Technical Analysis
Gold Technical Analysis – Traders await new catalysts to pick a direction
Gold Technical Analysis – Traders await new catalysts to pick a direction
The hawkish repricing in interest rates expectations after the NFP continues to weigh on gold as traders are now looking forward to the US CPI next week
EUR/JPY Price Forecast: Keeps bullish vibe above 172.00, overbought RSI warrants caution for bulls
EUR/JPY Price Forecast: Keeps bullish vibe above 172.00, overbought RSI warrants caution for bulls
The EUR/JPY cross extends its upside to near 172.20 during the early European session on Wednesday. The Japanese Yen (JPY) edges lower against the Euro (EUR) due to concerns about the economic fallout from US President Donald Trump's 25% tariffs from a new deadline of August 1 on Japanese goods.
EURJPY
Crosses
Technical Analysis
Bullish
FX option expiries for 9 July 10am New York cut
FX option expiries for 9 July 10am New York cut
A look at what is on the board for today
FX option expiries for 9 July 10am New York cut
FX option expiries for 9 July 10am New York cut
A look at what is on the board for today
NZD/USD Price Forecast: Hangs near two-week low after RBNZ, seems vulnerable below 0.6000
NZD/USD Price Forecast: Hangs near two-week low after RBNZ, seems vulnerable below 0.6000
The NZD/USD pair fades an intraday spike to the 0.6015 area that followed the Reserve Bank of New Zealand's (RBNZ) widely expected decision to hold rates steady and retests a two-week low during the Asian session on Wednesday.
NZDUSD
RBNZ
Fed
Technical Analysis
Currencies
EUR/USD holds ground as EU spared from tariffs, Trump urges Fed cuts and delays deadline
EUR/USD holds ground as EU spared from tariffs, Trump urges Fed cuts and delays deadline
EUR/USD registers minimal gains during the North American session as the US dollar erases some of its earlier gains, following US President Donald Trump's demand that the Federal Reserve cut interest rates, as he delays the July 9 deadline towards August 1.
EURUSD
Technical Analysis
Fundamental Analysis
Fed
SEO
AUD/USD rises after RBA holds rates, attention shifts to FOMC Minutes
AUD/USD rises after RBA holds rates, attention shifts to FOMC Minutes
The Australian Dollar (AUD) is strengthening against the US Dollar (USD) on Tuesday, following the Reserve Bank of Australia's (RBA) decision to hold the cash rate steady at 3.85%.
AUDUSD
RBA
Fundamental Analysis
Fed
Technical Analysis
NZDUSD bounces up and down as traders await RBNZ rate decision
NZDUSD bounces up and down as traders await RBNZ rate decision
Choppy price action for NZDUSD as traders anticipate RBNZ rate decision. Mixed signals on potential rate changes create uncertainty in the market.
Gold slumps as US yields jump, markets shrug off tariff threats
Gold slumps as US yields jump, markets shrug off tariff threats
Gold price is plunging over 1% on Tuesday during the North American session as appetite for its safe-haven demand diminished, although US President Donald Trump announced that the first tariff letters had been sent to some of the US's trade partners.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
GBP/JPY hits new YTD high above 199.00 as US tariff threat weakens Yen
GBP/JPY hits new YTD high above 199.00 as US tariff threat weakens Yen
The British Pound (GBP) reached a new YTD high against the Japanese Yen (JPY) on Tuesday as United States (US) tariff threats on Japan weighed on the JPY.
GBPJPY
Crosses
Technical Analysis
Japan
UnitedKingdom
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