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The EURUSD and GBPUSD failed after making new highs yesterday but the declines are modest
The EURUSD and GBPUSD failed after making new highs yesterday but the declines are modest
The USDJPY is higher today and corrects some of the sharp declines seen over the last few days.
USD/INR slips from day’s high as US Dollar gives up gains
USD/INR slips from day’s high as US Dollar gives up gains
The Indian Rupee (INR) weakens against the US Dollar (USD) on Wednesday. The Rupee opened on a firm note amid favorable risk sentiment but eased lower through the session as the US Dollar Index (DXY) held its ground near the previous week's low.
USDINR
India
Fundamental Analysis
Technical Analysis
Gold stalls after US housing data disappoints, Fed Powell testifies
Gold stalls after US housing data disappoints, Fed Powell testifies
Gold (XAU/USD) has returned to a well-defined range on Wednesday, as markets continue to show signs of optimism following Tuesday's ceasefire between Israel and Iran.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
EUR consolidates around 1.16 – Scotiabank
EUR consolidates around 1.16 – Scotiabank
The Euro (EUR) is quietly consolidating in a tight range around 1.16, trading just below Tuesday’s fresh multi-year high that reached levels last seen in September 2021.
EURUSD
Banks
Technical Analysis
ECB
AUD: All clear on inflation – Commerzbank
AUD: All clear on inflation – Commerzbank
Australia also reported its monthly inflation figures this morning, Commerzbank's FX analyst Volkmar Baur notes.
AUDUSD
Banks
RBA
Technical Analysis
Australia
Canadian inflation remains acceptably low – Commerzbank
Canadian inflation remains acceptably low – Commerzbank
Yesterday's Canadian inflation figures were broadly in line with expectations, with the only deviation being the non-seasonally adjusted month-on-month headline rate, which was slightly higher than expected, Commerzbank's FX analyst Michael Pfister notes.
Banks
USDCAD
Canada
BOC
Technical Analysis
USD/CNH: Any decline is unlikely to reach 7.1450 – UOB Group
USD/CNH: Any decline is unlikely to reach 7.1450 – UOB Group
Room for US Dollar (USD) to continue to edge lower against Chinese Yuan (CNH), but any decline is unlikely to reach 7.1450. In the longer run, there has been a tentative buildup in momentum; USD is likely to edge lower toward 7.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/CNH pressures key 7.16 support – Société Générale
USD/CNH pressures key 7.16 support – Société Générale
USD/CNH remains under pressure after surrendering its 50-DMA in May, with bearish momentum persisting. The pair is testing key support at 7.16, and a decisive break lower could open the door to deeper losses toward 7.13 and 7.10, Société Générale's FX analysts note.
Banks
USDCNH
Technical Analysis
USDCNY
USD/JPY: Set to retest 144.50 before a more sustained recovery – UOB Group
USD/JPY: Set to retest 144.50 before a more sustained recovery – UOB Group
There is a chance for US Dollar (USD) to retest 144.50 before a more sustained recovery can be expected. In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
AUD/USD: Taking cues from USD, risk sentiment – OCBC
AUD/USD: Taking cues from USD, risk sentiment – OCBC
Australian Dollar (AUD) slipped modestly in early trade after May CPI came in lower at 2.1% y/y (vs. expectations of 2.3%). AUD was last seen at 0.65 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUDUSD
Banks
Technical Analysis
NZD/USD: Expected to trade in a range – UOB Group
NZD/USD: Expected to trade in a range – UOB Group
New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5975 and 0.6040.
NZDUSD
Technical Analysis
Banks
USD/JPY: Decline finds support at 21, 50 DMAs – OCBC
USD/JPY: Decline finds support at 21, 50 DMAs – OCBC
USD/JPY turned lower, tracking the dip in UST yields (on dovish Fed rhetoric) while oil prices hold losses (as geopolitical tensions in Middle East subsided for now). USD/JPY was last at 145.62 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
BOJ
AUD/USD: Expected to trade in a sideways range of 0.6465/0.6515 – UOB Group
AUD/USD: Expected to trade in a sideways range of 0.6465/0.6515 – UOB Group
Australian Dollar (AUD) is expected to trade in a sideways range of 0.6465/0.6515 against US Dollar (USD). In the longer run, current price movements are likely part of a broad range trading phase between 0.6385 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
GBP/USD: Likely to trade in a range of 1.3555/1.3655 – UOB Group
GBP/USD: Likely to trade in a range of 1.3555/1.3655 – UOB Group
Upward momentum has slowed somewhat, but instead of pulling back, Pound Sterling (GBP) is likely to trade in a range of 1.3555/1.3655 against US Dollar (USD).
GBPUSD
Banks
Technical Analysis
DXY: Hold losses for now – OCBC
DXY: Hold losses for now – OCBC
US Dollar (USD) drifted lower, on softer-than-expected US consumer confidence and in response to Fed Chair’s comments overnight.
DollarIndex
Banks
Technical Analysis
Fed
USD: Powell’s bullet dodged, at least partly – ING
USD: Powell’s bullet dodged, at least partly – ING
Geopolitical risk has continued to diminish for markets, as the Israeli-Iranian truce has held since yesterday morning.
DollarIndex
Banks
Technical Analysis
Fed
EUR/JPY Price Forecast: Rises toward 169.00 near ascending channel’s upper boundary
EUR/JPY Price Forecast: Rises toward 169.00 near ascending channel’s upper boundary
EUR/JPY retraces its recent losses registered in the previous session, trading around 168.80 during the European hours on Wednesday. According to the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, strengthening the bullish bias.
EURJPY
Crosses
Technical Analysis
EUR/USD: Likely to trade between 1.1480 and 1.1660 – UOB Group
EUR/USD: Likely to trade between 1.1480 and 1.1660 – UOB Group
Euro (EUR) is unlikely to rise much further against US Dollar (USD), it is more likely to trade in a range of 1.1575/1.1645. In the longer run, EUR is expected to continue to trade in a range; given the increase in volatility, it is now likely to trade between 1.1480 and 1.1660.
Technical Analysis
EURUSD
Banks
EUR: Testing the big resistance – ING
EUR: Testing the big resistance – ING
The EUR/USD rally stalled again in the 1.160-1.165 area and it is plausible markets may require a more compelling macro story (most likely from the US) rather than the mere unwinding of geopolitical risks for a break higher, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
Silver Price Forecast: XAG/USD is hovering above a key support at $35.50
Silver Price Forecast: XAG/USD is hovering above a key support at $35.50
Silver (XAG/USD) keeps trading back and forth without a clear bias, with technical indicators pointing to an increasing bearish momentum, and a key support area at  $35.50, at a short distance.
XAGUSD
Silver
Technical Analysis
Commodities
Gold Technical Analysis – End of the Israel-Iran war weighs on the market
Gold Technical Analysis – End of the Israel-Iran war weighs on the market
The geopolitical risk premium vanished as the Israel-Iran conflict came to an end. What’s next?
US Dollar Index Price Forecast: Bearish bias remains unchanged near 98.00
US Dollar Index Price Forecast: Bearish bias remains unchanged near 98.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends the decline to near 97.90 during the early European session on Wednesday.
Technical Analysis
DollarIndex
Majors
SupportResistance
FX option expiries for 25 June 10am New York cut
FX option expiries for 25 June 10am New York cut
A look at what is on the board for today
FX option expiries for 25 June 10am New York cut
FX option expiries for 25 June 10am New York cut
A look at what is on the board for today
USD/CAD Price Forecast: Bulls have the upper hand while above 100-period SMA on H4, near 1.3675
USD/CAD Price Forecast: Bulls have the upper hand while above 100-period SMA on H4, near 1.3675
The USD/CAD pair builds on the previous day's bounce from the 1.3680-1.3675 area, or the weekly low, and gains some positive traction during the Asian session on Wednesday.
USDCAD
MiddleEast
Fed
Technical Analysis
Currencies
USD/CNH Price Analysis: Hovers around 7.1700 near rectangle’s lower boundary
USD/CNH Price Analysis: Hovers around 7.1700 near rectangle’s lower boundary
The USD/CNH pair halts its four-day winning streak, trading around 7.1690 during the Asian hours on Wednesday. An analysis of the daily chart indicates that the pair moves sideways within a rectangular pattern, which points to a consolidation phase.
Technical Analysis
USDCNH
China
AUD/JPY Price Forecast: Slips below 94.00 as Middle East de-escalation lifts safe havens
AUD/JPY Price Forecast: Slips below 94.00 as Middle East de-escalation lifts safe havens
AUD/JPY retreats amid a risk-on mood, spurred by the de-escalation of the Middle East conflict. This pushed safe-haven currencies, except for the US Dollar (USD), higher during Tuesday’s session to the detriment of the Australian Dollar (AUD).
AUDJPY
Technical Analysis
Crosses
Currencies
EUR/USD extends rally above 1.1600 as ceasefire sinks US Dollar
EUR/USD extends rally above 1.1600 as ceasefire sinks US Dollar
EUR/USD extended its gains for the fourth straight day, up by 0.39%, even though it trades off the yearly highs of 1.1641, driven by US Dollar weakness spurred by a de-escalation of the Middle East conflict.
EURUSD
Technical Analysis
Fundamental Analysis
Majors
SEO
Crude oil settles sharply lower for the second consecutive day
Crude oil settles sharply lower for the second consecutive day
Price is down $4.14 and down over $10.50 over two days
NZDUSD rebounds sharply from key support yesterday. Today, holds above 200-hour MA
NZDUSD rebounds sharply from key support yesterday. Today, holds above 200-hour MA
Buyers take control after defending 0.5882–0.5892 zone; next upside targets at 0.6056 and 0.6064
NZD
USD
Silver Price Forecast: XAG/USD tests key trendline support
Silver Price Forecast: XAG/USD tests key trendline support
Silver (XAG/USD) reverses course during the American session on Tuesday after spending most of the day drifting lower from an intraday high of $36.20.
Silver
XAGUSD
Technical Analysis
AUD/USD extends gains as tensions in the Middle East overshadow Fed Powell's hawkish comments
AUD/USD extends gains as tensions in the Middle East overshadow Fed Powell's hawkish comments
The Australian Dollar (AUD) continues to strengthen against the United States Dollar (USD) on Tuesday as traders react to signs of easing geopolitical tensions. 
AUDUSD
Fundamental Analysis
Technical Analysis
Majors
Currencies
Gold plunges below $3,350 as Powell pushes back on rate cuts
Gold plunges below $3,350 as Powell pushes back on rate cuts
Gold price tumbled below $3,350 on Tuesday amid broad US Dollar weakness, as US Federal Reserve Chair Jerome Powell pushed back against reducing borrowing costs, reiterating that the impact of tariffs on inflation remains uncertain. At the time of writing, XAU/USD trades at $3,315, down over 1.50%.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
Crude oil trades to new session lows
Crude oil trades to new session lows
Levels are back below the 100 day moving average at $65.83
EURUSD is breaking to new highs for the year and going back to 2021. What next?
EURUSD is breaking to new highs for the year and going back to 2021. What next?
Close risk for the EURUSD is now at 1.1614 to 1.16297. That swing area is the highs from June.
S&P 500 is probably headed to its ATH. Price Knows. See the S&P 500 Tech Analysis Video
S&P 500 is probably headed to its ATH. Price Knows. See the S&P 500 Tech Analysis Video
S&P 500 Futures Analysis: ATH Area is a Price Magnet and the market is probably going to get there. See this ES technical analysis video with price forecast, see the price levels where that if crossed down, will raise the red flag on this bullish bias, and learn about the critical principle of 'price magnet'.
S&P Technical Analysis
SPX
S&P Futures
Nasdaq Technical Analysis
Stocks
The USDJPY is moving lower as fed Chair Powell Q&A testimony begins
The USDJPY is moving lower as fed Chair Powell Q&A testimony begins
Powell does not rule out a cut if inflation behaves better than expectations.
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