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Gold retreats as market focus shifts to US inflation data
Gold retreats as market focus shifts to US inflation data
Gold (XAU/USD) is trading between $3,340 and $3,370 on Monday in response to news that the US may impose a 30% tariff on imports from the European Union (EU) and Mexico, effective August 1.
XAUUSD
Gold
Fundamental Analysis
Technical Analysis
AUD/USD: Likely to trade in a range between 0.6545 and 0.6595 – UOB Group
AUD/USD: Likely to trade in a range between 0.6545 and 0.6595 – UOB Group
Australian Dollar (AUD) is most likely to trade in a range between 0.6545 and 0.6595 against US Dollar (USD).
AUDUSD
Technical Analysis
Banks
EUR/SEK eyes more upside after rebound – Societe Generale
EUR/SEK eyes more upside after rebound – Societe Generale
EUR/SEK has rebounded steadily after testing key support at the lower boundary of its long-term channel and is now approaching the crucial 200-day moving average.
Banks
EURSEK
Riksbank
Technical Analysis
GBP/USD: Likely to test the support at 1.3445 – UOB Group
GBP/USD: Likely to test the support at 1.3445 – UOB Group
Pound Sterling (GBP) could test the significant support at 1.3445 against US Dollar (USD); oversold conditions suggest a clear break below this level is unlikely.
GBPUSD
Banks
Technical Analysis
GBP: Underperformance starting to become clearer – Commerzbank
GBP: Underperformance starting to become clearer – Commerzbank
Investors seem to be taking a dimmer view of sterling, presumably on the back of the fiscal straitjacket currently trapping UK Chancellor Rachel Reeves, ING’s FX analyst Chris Turner notes.
Banks
Technical Analysis
GBPUSD
EURGBP
GBP/JPY Price Forecast: Further decline towards 197.00 looks likely
GBP/JPY Price Forecast: Further decline towards 197.00 looks likely
The Pound is correcting lower from last week’s highs, right below the 200.00 psychological level, with bears testing support at the area around previous highs, in the 198.30- 198.40 region at the time of writing.Market sentiment is sour, as Trump’s latest tariff threats to the Eurozone and Mexico ha
GBPJPY
Currencies
Crosses
Technical Analysis
DXY: Plenty of US data this week – OCBC
DXY: Plenty of US data this week – OCBC
US Dollar (USD) held on to mild gains, amid rise in UST yields and ahead of US CPI (Tuesday). DXY was last at 97.9 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
USD: Russia news could be USD driver today – ING
USD: Russia news could be USD driver today – ING
News from the weekend that the US could impose 30% import tariffs on the EU and Mexico hasn't moved markets too much. Equity futures in the US and Germany have been marked down 0.4% and 0.6% respectively, while the dollar is marginally stronger.
Banks
Technical Analysis
DollarIndex
EUR/USD: Risk for EUR is on the downside – UOB Group
EUR/USD: Risk for EUR is on the downside – UOB Group
Risk for Euro (EUR) is on the downside against US Dollar (USD), but it does not appear to have enough momentum to reach the major support at 1.1625.
EURUSD
Technical Analysis
Banks
EUR/USD: More downside if 21DMA breaks – OCBC
EUR/USD: More downside if 21DMA breaks – OCBC
Euro (EUR) fell last week, in line with our caution for some 'speed bumps' in the interim. EUR was last at 1.1686 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
EUR: Corrective activity continues – ING
EUR: Corrective activity continues – ING
Those waiting for better levels to buy EUR/USD could be rewarded for their patience. US-EU trade negotiations look set to get noisier over the coming weeks, and baseline expectations that the EU secures a 10% tariff rate on most goods could be challenged, ING’s FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
CAD: Strong labour market report amid tariff turmoil – Commerzbank
CAD: Strong labour market report amid tariff turmoil – Commerzbank
Amidst all the upheaval caused by the US's announcement of 35% tariffs on Canadian goods at the end of last week, Friday's Canadian labour market report for June came as a very welcome surprise: 83,000 new jobs were created and the unemployment rate fell by 0.2 percentage points, despite the partici
USDCAD
Banks
Canada
BOC
Technical Analysis
EUR/USD crawls higher as investors shift their focus to US inflation
EUR/USD crawls higher as investors shift their focus to US inflation
The EUR/USD pair bounced up from lows in the early European session on Monday and is moving higher for the first time in the past four trading days.
EURUSD
Technical Analysis
Currencies
Fundamental Analysis
SEO
EUR/JPY Price Forecast: Bullish outlook remains in place near 172.00, overbought RSI condition eyed
EUR/JPY Price Forecast: Bullish outlook remains in place near 172.00, overbought RSI condition eyed
The EUR/JPY cross loses ground to near 172.05 during the early European session on Monday.
EURJPY
Crosses
Technical Analysis
Bullish
NZD/USD Price Forecast: Bears await break below 61.8% Fibo., around 0.5970 area
NZD/USD Price Forecast: Bears await break below 61.8% Fibo., around 0.5970 area
The NZD/USD pair attracts sellers for the second consecutive day on Monday and slides further below the 0.6000 psychological mark during the Asian session.
NZDUSD
TradeWar
Fed
Technical Analysis
Currencies
EUR/USD slides below 1.1700 as tariff fears lift Dollar to 2-week high
EUR/USD slides below 1.1700 as tariff fears lift Dollar to 2-week high
EUR/USD finished the week with losses of over 0.70% and ended Friday’s session down 0.10% trading below the 1.1700 figure, cementing the case for a pullback to test key support levels as the Greenback posts its best week in four months. At the time of writing, the pair trades at 1.1688.
EURUSD
Majors
Technical Analysis
Fundamental Analysis
SEO
USD/CHF Price Forecast: Holds firm below 0.8000 on US Dollar demand
USD/CHF Price Forecast: Holds firm below 0.8000 on US Dollar demand
The USD/CHF consolidates during the North American session, is flat below the 0.8000 figure, poised to finish the week with 0.36% gains. A risk-off mood bolstered the Greenback, which so far has recovered some ground during the current week.
Technical Analysis
USDCHF
Currencies
Majors
Gold price surges past $3,350 as Trump tariff threats jolt markets
Gold price surges past $3,350 as Trump tariff threats jolt markets
Gold price rallies nearly 1% on Friday as the market mood shifts sour on controversial trade policies imposed by US President Donald Trump on Canada and threatening to broaden duties to other countries and Copper.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR/CHF Price Forecast: Bearish momentum grows within consolidation range
EUR/CHF Price Forecast: Bearish momentum grows within consolidation range
The Euro (EUR) remains under pressure against the Swiss Franc (CHF) on Thursday, trading near the lower boundary of its multi-week consolidation range between 0.9300 and 0.9430.
EURCHF
Crosses
Technical Analysis
GBP/JPY Price Forecast: Sterling set for weekly gains amid broad Yen weakness
GBP/JPY Price Forecast: Sterling set for weekly gains amid broad Yen weakness
The British Pound (GBP) trades modestly stronger against the Japanese Yen (JPY) on Friday, as the Yen remains broadly pressured amid a fresh wave of trade-related uncertainty.
GBPJPY
Crosses
Technical Analysis
NZDUSD ends the week between key moving averages as traders await next directional cue
NZDUSD ends the week between key moving averages as traders await next directional cue
The highs this week stalled at the 200 hour MA. The low stalled near the 50%. In between is the 100 hour MA. Those are the key levels.
NZD
USD
GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD
GBP/USD crashes as UK GDP disappoints, trade war escalation boost USD
The GBP/USD tumbles over 0.59% on worse than expected Gross Domestic Product (GDP) figures in the UK, which could warrant further easing by the Bank of England (BoE). This and an escalation of the trade war boosted the Greenback.
GBPUSD
Fundamental Analysis
Majors
Technical Analysis
Currencies
EUR/JPY extends gains as Yen Softens, momentum indicators remains bullish
EUR/JPY extends gains as Yen Softens, momentum indicators remains bullish
The Euro (EUR) extends its advance against the Japanese Yen (JPY) on Friday, rebounding from a two-day losing streak as the Japanese currency remains broadly weaker against its major peers.
EURJPY
Crosses
Technical Analysis
ECB
BOJ
Bullish
USDJPY moves above the 38.2% of the move down from the 2025 trading range
USDJPY moves above the 38.2% of the move down from the 2025 trading range
USDJPY breaks above 38.2% retracement level, setting the stage for bullish momentum to targets at 148.019 and 148.647. Bulls need to hold above 147.135 for uptrend continuation.
USD/JPY climbs on yield gap, tariff threats from Trump
USD/JPY climbs on yield gap, tariff threats from Trump
The US Dollar (USD) is trading confidently against the Japanese Yen (JPY) on Friday, as yield differentials and tariff risks continue to weigh on the safe-haven Yen.
USDJPY
Fundamental Analysis
Technical Analysis
Currencies
Majors
EURUSD trapped between swing area support and moving average resistance
EURUSD trapped between swing area support and moving average resistance
Buyers continue to defend the 1.1663–1.1691 zone, while sellers lean against the 100- and 200-hour MAs as the battle for control intensifies.
EUR
USD
USDCAD retraces all the declines on jobs.
USDCAD retraces all the declines on jobs.
USDCAD traders struggle with tariff news and with stronger jobs data. Volatile up-and-down price action seen
USDCHF tests key moving averages as sellers lean against 0.8000 resistance
USDCHF tests key moving averages as sellers lean against 0.8000 resistance
USDCHF tests resistance at 0.8000 this week, and back off. The key moving 100/200 hour MAs are in play on the downside. Can the buyers reverse the rotation lower HERE?.
CHF
USD
Silver shines above $37.00 as XAG/USD hits a fresh YTD high
Silver shines above $37.00 as XAG/USD hits a fresh YTD high
Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.
Silver
XAGUSD
Fed
Fundamental Analysis
Technical Analysis
Gold rises as USD aversion and tariff tensions boost safe-haven demand
Gold rises as USD aversion and tariff tensions boost safe-haven demand
Gold (XAU/USD) price surged on Friday, trading above $3,360 at the time of writing, as trade tensions and safe-haven demand have overshadowed rising US yields. 
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
The USD moves higher as Trump tariff inflation risk increases
The USD moves higher as Trump tariff inflation risk increases
US stocks are lower. Yields are higher after Trump announces a 35% tariff on Canada goods
CAD: Now it's Canada's turn again with tariffs – Commerzbank
CAD: Now it's Canada's turn again with tariffs – Commerzbank
A few hours ago, the US President published a letter to Canada to inform them of the introduction of 35% tariffs from 1 August. As usual, he justified this by citing the large quantities of fentanyl allegedly entering the US from Canada.
USDCAD
Banks
Canada
Technical Analysis
BOC
GBP tumbles on softer data ahead of next month’s BoE meeting – Scotiabank
GBP tumbles on softer data ahead of next month’s BoE meeting – Scotiabank
Pound Sterling (GBP) is down 0.3% againt the US Dollar (USD) and trading heavily in response to the release of weaker than expected data including an unexpected contraction in monthly GDP, a worrisome decline in industrial production, and a wider than expected trade deficit, Scotiabank's Chief FX St
GBPUSD
Banks
BOE
Technical Analysis
Markets stay calm amidst rising tariffs – Commerzbank
Markets stay calm amidst rising tariffs – Commerzbank
The US has started sending out its tariff letters (or posting them on social media). However, the market does not seem to be interested in this at all at the moment.
Banks
DollarIndex
Technical Analysis
SP500
Fed
USD/CNH: Increasing momentum suggests USD may rise – UOB Group
USD/CNH: Increasing momentum suggests USD may rise – UOB Group
US Dollar (USD) is expected to trade in a range between 7.1730 and 7.1880 against Chinese Yuan (CNH). In the longer run, increasing momentum suggests USD may rise, but it is too early to expect 7.2000 to come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Broker Rebates