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CAD holds range as weak risk appetite counters spread narrowing – Scotiabank
CAD holds range as weak risk appetite counters spread narrowing – Scotiabank
The Canadian Dollar (CAD) is little changed on the session at writing but spot did pop briefly higher in overnight trade before edging back to the lower end of the trading range seen over the past few sessions, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USDCAD
Banks
Canada
BOC
Technical Analysis
The story remains the same for the USDCAD technicals. Traders waiting for the break.
The story remains the same for the USDCAD technicals. Traders waiting for the break.
Support for the USDCAD at 1.4010. The price on the topside needs to break above 1.40798 high for the week.
CAD
USD
Silver Price Forecast: XAG/USD eases from record highs, bulls defend $53.00 support
Silver Price Forecast: XAG/USD eases from record highs, bulls defend $53.00 support
Silver (XAG/USD) is taking a breather on Friday, snapping a two-day winning streak after refreshing a new all-time high near $54.86 on Thursday. At the time of writing, the white metal is trading around $53.20, down over 1.80% on the day and easing from the intraday high of $53.68.
Silver
XAGUSD
Technical Analysis
SupportResistance
Gold softens after record rally but remains on track for ninth weekly gain
Gold softens after record rally but remains on track for ninth weekly gain
Gold (XAU/USD) edges lower after hitting yet another all-time high near $4,380 on Friday as investors seek a reliable store of value amid geopolitical, economic and fiscal uncertainty.
Gold
SEO
Technical Analysis
XAUUSD
RiskAversion
The USD is little changed as the market work through the midfield of geopolitical risks
The USD is little changed as the market work through the midfield of geopolitical risks
What are the technicals saying for the EURUSD, USDJPY and GBPUSD to kickstart Friday October 17 North American trading.
USD/CNH has a chance to drop to 7.1130 – UOB Group
USD/CNH has a chance to drop to 7.1130 – UOB Group
Downward momentum continues to increase, and there is scope for US Dollar (USD) to test 7.1130. In the longer run, USD could drop to 7.1130; a clear break below this level will shift the focus to 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Odds of USD breaking clearly below 149.50 are increasing – UOB Group
USD/JPY: Odds of USD breaking clearly below 149.50 are increasing – UOB Group
Risk for US Dollar (USD) remains on the downside; oversold conditions suggest any decline may not reach 149.50. In the longer run, the odds of USD breaking clearly below 149.50 are increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: Likely to consolidate in a range of 0.5705/0.5750 – UOB Group
NZD/USD: Likely to consolidate in a range of 0.5705/0.5750 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate in a range of 0.5705/0.5750. In the longer run, the outlook for NZD is neutral now, and it is likely to trade in a range between 0.5685 and 0.5770, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
AUD/USD: Further declines in AUD still appear likely – UOB Group
AUD/USD: Further declines in AUD still appear likely – UOB Group
While Australian Dollar (AUD) is expected to edge lower, it does not appear to have enough momentum to reach the 0.6443 low seen earlier this week.
AUDUSD
Technical Analysis
Banks
ECB's Simkus: I like the idea of a risk management cut
ECB's Simkus: I like the idea of a risk management cut
Comments from the ECB policymaker, Gediminas Simkus
GBP/USD can potentially test 1.3530 – UOB Group
GBP/USD can potentially test 1.3530 – UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3475; a continued rise above this level is unlikely. In the longer run, if GBP breaks clearly above 1.3475, it could rise further to 1.3505, potentially testing 1.3530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
EUR/USD is set to rise further – UOB Group
EUR/USD is set to rise further – UOB Group
There is room for Euro (EUR) to rise further; it remains to be seen whether it can break clearly above 1.1720. In the longer run, upward momentum is building, but EUR must close above 1.1720 before a move toward 1.1760 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
JPY: Sometimes things turn out differently – Commerzbank
JPY: Sometimes things turn out differently – Commerzbank
The Japanese Yen (JPY) has recovered somewhat in recent days and is currently trading around 150 to the US dollar again. However, I must say that the reason for this is not quite what I had expected.
USDJPY
Banks
Japan
BOJ
Technical Analysis
USD/JPY: Eyes on coalition formation – OCBC
USD/JPY: Eyes on coalition formation – OCBC
USD/JPY extended its decline, tracking UST yields lower. Pair was last at 149.71 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
BOJ
SEK: The unusual winner – ING
SEK: The unusual winner – ING
The Swedish krona is the second-best performer this week, rising even more than the euro as equities sold off yesterday. This sounds rather odd given SEK’s usually high beta (especially relative to the euro) to risk assets, ING's FX analyst Francesco Pesole notes.
Banks
EURSEK
Riksbank
Sweden
Technical Analysis
DXY: Softer on the day for now – OCBC
DXY: Softer on the day for now – OCBC
US Dollar (USD) continued to drift lower on dovish remarks from Fed officials, surprise turn lower in Philadelphia business outlook, extended US government shutdown, falling UST yields and the negative sentiments on some US regional banks over exposure to auto bankruptcy.
DollarIndex
Banks
Technical Analysis
EURUSD
USD: Multiple factors hitting the dollar at once – ING
USD: Multiple factors hitting the dollar at once – ING
A sudden return of market scrutiny on US regional banks is adding a rather unexpected negative factor to the dollar. US equities took a hit yesterday, with the S&P500 regional banks sub-index plummeting 5% after two lenders reported problems with loans associated with fraud.
DollarIndex
Banks
Technical Analysis
Fed
USD/CNH: Lower fix again – OCBC
USD/CNH: Lower fix again – OCBC
USD/CNY fix was set lower at 7.0949 and below 7.10 for a 3rd consecutive session. USD/CNH last seen at 7.1280 levels, largely in line with yesterday spot despite the USD/CNY fix going lower, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
USDCNH
Technical Analysis
China
"Can I stil join that Palantir stock short?"
"Can I stil join that Palantir stock short?"
It's not impossible but markets will usually eat you up, if you are a FOMO trader. The hard truth about late trade entries.
Stock Picks
Stocks
EUR: Eyes on 1.180? – ING
EUR: Eyes on 1.180? – ING
EUR/USD rose again yesterday, but primarily on the back of US Dollar (USD) weakness, as markets had largely priced in that French PM Lecornu would survive the no-confidence motions, ING's FX analyst Francesco Pesole notes.
Banks
EURUSD
Technical Analysis
EUR/USD rests 50-DMA after holding 1.1540 support – Société Générale
EUR/USD rests 50-DMA after holding 1.1540 support – Société Générale
EUR/USD has rebounded from last week’s low and broken a short-term downtrend, but repeated failures around the 50-DMA underline lingering indecision. A sustained break above 1.1780/1.1820 is needed to confirm upside traction, Société Générale's FX analysts note.
EURUSD
Banks
Technical Analysis
Gold's parabolic surge continues: Everyone's chasing this train now
Gold's parabolic surge continues: Everyone's chasing this train now
Gold is having the best performance since the 1979 melt-up as the bullish momentum remains intact amid lack of bearish drivers
EUR/GBP Price Forecast: Bulls might find resistance above 0.8720
EUR/GBP Price Forecast: Bulls might find resistance above 0.8720
The Euro received a boost from French PM Sébastien Lecornu’s victory in two no-confidence votes on Thursday. The pair bounced up from 0.8665 and retraced Wednesday’s losses, aiming for the top of the recent range, in the area of 0.8720-0.8730.
EURGBP
Technical Analysis
Currencies
Crosses
Stocks under heavy pressure to start European trading today
Stocks under heavy pressure to start European trading today
It's a bad, bad start to the final day of the week
Stocks
USD/CAD Price Forecast: Hovers around 1.4050 within overbought territory
USD/CAD Price Forecast: Hovers around 1.4050 within overbought territory
USD/CAD inches lower after registering gains in the previous session, trading around 1.4050 during the early European hours on Friday. The technical analysis of the daily chart suggests a persistent bullish bias as the pair is moving upwards within the ascending channel pattern.
USDCAD
Majors
Technical Analysis
FX option expiries for 17 October 10am New York cut
FX option expiries for 17 October 10am New York cut
A look at what is on the board for today
Options
Forex
Eurostoxx futures -0.9% in early European trading
Eurostoxx futures -0.9% in early European trading
A negative mood in having to play catch up to Wall Street declines yesterday
Stocks
NZD/USD Price Forecast: Targets nine-day EMA barrier near 0.5750
NZD/USD Price Forecast: Targets nine-day EMA barrier near 0.5750
NZD/USD gains ground after a flat performance in the previous session, trading around 0.5730 during the Asian hours on Friday. The daily chart’s technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.
NZDUSD
Majors
Technical Analysis
NewZealand
Risk stays on the defensive ahead of European trading
Risk stays on the defensive ahead of European trading
Equity futures struggle as we look to the session ahead
Stocks
AUD/JPY Price Forecast: Bullish tone remains intact above 97.00
AUD/JPY Price Forecast: Bullish tone remains intact above 97.00
The AUD/JPY cross extends the decline to around 97.10 during the Asian trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid concerns over escalating US-China trade tensions and geopolitical uncertainties.
AUDJPY
Technical Analysis
Crosses
Bullish
GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further
GBP/USD Price Forecast: Stands firm near mid-1.3400s, seems poised to climb further
The GBP/USD pair gains positive traction for the third consecutive day on Friday and moves further away from its lowest level since early August, around the 1.3250-1.3245 region touched earlier this week.
GBPUSD
BOE
Technical Analysis
Majors
Currencies
Westpac says RBA’s November meeting remains "well and truly" live after jobs data
Westpac says RBA’s November meeting remains "well and truly" live after jobs data
Westpac says a jump in joblessness keeps the RBA’s November meeting in play, with the CPI print later this month the key swing factor.
RBA
AUD
MUFG: ECB may cut again by mid-2026 but euro seen firm as Fed eases faster
MUFG: ECB may cut again by mid-2026 but euro seen firm as Fed eases faster
Markets could price in additional Fed easing, supporting the EUR/USD.
ECB
EUR
Fed
PBOC sets USD/ CNY reference rate for today at 7.0949 (vs. estimate at 7.1154)
PBOC sets USD/ CNY reference rate for today at 7.0949 (vs. estimate at 7.1154)
PBOC CNY reference rate setting for the trading session ahead.
CNY
CNH
pboc
Broker Rebates