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EUR/USD extends losses with markets cautious amid high trade uncertainty
EUR/USD extends losses with markets cautious amid high trade uncertainty
The EUR/USD pair has been unable to hold gains and trades with minor losses ahead of the US session opening.
EURUSD
Technical Analysis
Fundamental Analysis
Currencies
SEO
USDJPY Technical Analysis – The JPY needs positive news on the trade front
USDJPY Technical Analysis – The JPY needs positive news on the trade front
The USDJPY pair remains skewed to the upside as lack of progress on US-Japan trade deal continues to weigh on the yen. What’s next?
JPY
USD
NZD/USD Price Forecast: Retains bullish bias above 0.6000 above the 100-day EMA
NZD/USD Price Forecast: Retains bullish bias above 0.6000 above the 100-day EMA
The NZD/USD pair attracts some buyers near 0.6010 during the early European session on Thursday, bolstered by a softer US Dollar (USD). The US weekly Initial Jobless Claims will be in the spotlight later on Thursday.
NZDUSD
Technical Analysis
Majors
Bullish
GBP/JPY Price Forecast: Seems poised to retest YTD peak, near 200.00 mark
GBP/JPY Price Forecast: Seems poised to retest YTD peak, near 200.00 mark
The GBP/JPY cross attracts some dip-buyers near the 198.40-198.35 region during the Asian session on Thursday and stalls a modest corrective pullback from a one-year high touched the previous day.
GBPJPY
Crosses
Technical Analysis
Currencies
FX option expiries for 10 July 10am New York cut
FX option expiries for 10 July 10am New York cut
A look at what is on the board for today
FX option expiries for 10 July 10am New York cut
FX option expiries for 10 July 10am New York cut
A look at what is on the board for today
Silver consolidates near 20-day SMA following Fed minutes
Silver consolidates near 20-day SMA following Fed minutes
Silver price registered losses of over 1% on Wednesday after the US Federal Reserve (Fed) unveiled its June meeting minutes, hinting that policymakers are eyeing just one interest rate cut, instead of the two priced in by investors. Although the Greenback was unchanged, the grey metal tumbled.
Technical Analysis
Silver
XAGUSD
Metals
EUR/USD steady at 1.1715 after dovish FOMC minutes and tariff tensions
EUR/USD steady at 1.1715 after dovish FOMC minutes and tariff tensions
The EUR/USD finished Wednesday’s session with decent gains of over 0.17% after the Federal Open Market Committee (FOMC) released its June monetary policy meeting minutes, which showed that some officials are eyeing at least one interest rate cut.
EURUSD
Fed
Majors
Technical Analysis
SEO
Gold rallies as market sniffs Fed pivt next year, US yields slip
Gold rallies as market sniffs Fed pivt next year, US yields slip
Gold price registers decent gains on Wednesday as US Treasury yields recede, even though the Greenback trades solidly against its peers. Trade developments continued to dictate the market’s direction, while the latest minutes indicate that officials are still considering a rate cut in 2025.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
AUD/USD firms as traders digest latest tariff headlines and Fed Minutes
AUD/USD firms as traders digest latest tariff headlines and Fed Minutes
The Australian Dollar (AUD) is trading in a well-defined range against its US Dollar (USD) counterpart on Wednesday, as markets digest the latest Fed Minutes and fresh tariff-related headlines.
AUDUSD
Fundamental Analysis
Technical Analysis
Fed
Macroeconomics
GBP/JPY retreats from near one-year highs as Yen regains ground
GBP/JPY retreats from near one-year highs as Yen regains ground
The British Pound (GBP) eases slightly against the Japanese Yen (JPY) on Wednesday, retreating after rising to 199.83 — its highest level since late July 2024.
GBPJPY
Crosses
Technical Analysis
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
Nvidia reaches $164.12 per share and $4 trillion market cap
Nvidia reaches $164.12 per share and $4 trillion market cap
The milestone was reached above $163.93
Stocks
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
Broker Rebates