USD/JPY: Any decline may not break below 145.8 – UOB Group
USD/JPY: Any decline may not break below 145.8 – UOB Group
Sharp drop in US Dollar (USD) has scope to extend against Japanese Yen (JPY), but any decline may not break below 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
GBP tests 1.3450 area a number of times overnight – Scotiabank
GBP tests 1.3450 area a number of times overnight – Scotiabank
Pound Sterling (GBP) reached a marginal new short term high in overnight trade as Asian markets caught up to the hawkish turn of events at yesterday’s BoE policy decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBPUSD
Banks
BOE
Technical Analysis
NZD/USD: Upward momentum is building – UOB Group
NZD/USD: Upward momentum is building – UOB Group
There appears to be sufficient momentum for New Zealand Dollar (NZD) to test 0.5980; a sustained rise above this level appears unlikely.
NZDUSD
Technical Analysis
Banks
EUR consolidates in 1.16-1.17 range for now – Scotiabank
EUR consolidates in 1.16-1.17 range for now – Scotiabank
The Euro (EUR) is trading a little lower overall on the day but is holding a net gain on the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
AUD/USD: Major resistance at 0.6555 is likely out of reach – UOB Group
AUD/USD: Major resistance at 0.6555 is likely out of reach – UOB Group
Bias for Australian Dollar (AUD) is on the upside; lackluster momentum indicates that the major resistance at 0.6555 is likely out of reach.
AUDUSD
Technical Analysis
Banks
GBP/USD: Major resistance at 1.3515 is likely out of reach for now – UOB Group
GBP/USD: Major resistance at 1.3515 is likely out of reach for now – UOB Group
Strong momentum suggests further Pound Sterling (GBP) strength; the major resistance at 1.3515 is likely out of reach for now. In the longer run, rapid increase in momentum could lead to GBP rising to 1.3515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
EUR/USD: Likely to edge above 1.170 – UOB Group
EUR/USD: Likely to edge above 1.170 – UOB Group
Euro (EUR) may retest, and potentially edge above 1.1700; it does not appear to have enough momentum to threaten 1.1720. In the longer run, EUR is likely to trade with an upward bias; it is unclear for now if it can reach 1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
GBP: Peak dissent at the BoE – ING
GBP: Peak dissent at the BoE – ING
Yesterday’s 25bp rate cut by the Bank of England had a clear hawkish tinge, ING's FX analyst Francesco Pesole notes.
GBPUSD
Banks
Technical Analysis
USD: More dissent for the Fed – Commerzbank
USD: More dissent for the Fed – Commerzbank
Donald Trump nominated Stephan Miran as the new Fed governor on social media yesterday evening, weakening the US dollar, at least in the short term. Miran replaces Adriana Kugler, who resigned unexpectedly and prematurely last week.
DollarIndex
Banks
Technical Analysis
Fed
USD: Trump gets his FOMC dove – ING
USD: Trump gets his FOMC dove – ING
President Trump nominated Stephen Miran to fill the vacant FOMC seat until the end of January, pending Senate confirmation in September, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
Fed
USD/JPY: Consolidation on the daily chart – OCBC
USD/JPY: Consolidation on the daily chart – OCBC
USD/JPY consolidated this week, in absence of fresh catalyst as markets await US CPI next Tuesday. Pair was last at 14784 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
EUR: Markets to tread carefully on Ukraine truce hopes – ING
EUR: Markets to tread carefully on Ukraine truce hopes – ING
After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a truce is, ING's FX analyst Francesco Pesole notes.
Banks
EURUSD
Technical Analysis
GBP/USD: Surprise vote split – OCBC
GBP/USD: Surprise vote split – OCBC
Pound Sterling (GBP) rose on BoE decision. GBP was last at 1.3440, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBPUSD
Banks
Technical Analysis
Hawkish interest rate cut by the Bank of England – Commerzbank
Hawkish interest rate cut by the Bank of England – Commerzbank
Ultimately, the Bank of England delivered on the promise of an exciting decision, Commerzbank's FX analyst Michael Pfister notes.
Banks
BOE
Technical Analysis
GBPUSD
UnitedKingdom
DXY: Next week CPI a focus – OCBC
DXY: Next week CPI a focus – OCBC
US Dollar (USD) slipped in reaction to Trump nominating Stephen Miran to temporarily serve as Fed Governor (seat vacated by Kugler). DXY was last at 98.24 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
Gold Technical Analysis – The focus turns to the US CPI data
Gold Technical Analysis – The focus turns to the US CPI data
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Gold Technical Analysis – The focus turns to the US CPI data
The bullish momentum has waned as traders await the US CPI report to increase or decrease their bets
Gold
US Dollar Index price forecast: Rebounds near 98.00, eyes nine-day EMA
US Dollar Index price forecast: Rebounds near 98.00, eyes nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.20 during the early European hours on Friday.
Technical Analysis
DollarIndex
Majors
FX option expiries for 8 August 10am New York cut
FX option expiries for 8 August 10am New York cut
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FX option expiries for 8 August 10am New York cut
A look at what is on the board for today
Options
Forex
EUR/CAD Price Forecast: Retains bullish bias near 1.6000, Canadian jobs report in the spotlight
EUR/CAD Price Forecast: Retains bullish bias near 1.6000, Canadian jobs report in the spotlight
The EUR/CAD cross attracts some sellers to around 1.6000 during the early European trading hours on Friday. All eyes will be on the Canadian employment report for July, which is due later on Friday. Canada is expected to show moderate job growth and a higher Unemployment Rate in July.
Technical Analysis
EURCAD
Crosses
Bullish
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 172.00
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 172.00
The EUR/JPY cross loses traction to around 171.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) after the Japanese trade envoy’s comments.
EURJPY
Crosses
Technical Analysis
EUR/USD flat as Waller rumored to be Trump’s pick for Fed Chair
EUR/USD flat as Waller rumored to be Trump’s pick for Fed Chair
The EUR/USD turned flat late on Thursday, spurred by rumors that the White House is considering Federal Reserve Governor Christopher Waller as the top candidate to be the next Fed Chair, succeeding Jerome Powell.
EURUSD
Fed
Technical Analysis
Fundamental Analysis
SEO
AUDUSD Technicals: Market trapped in a messy range between moving averages and swing zones
AUDUSD Technicals: Market trapped in a messy range between moving averages and swing zones
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AUDUSD Technicals: Market trapped in a messy range between moving averages and swing zones
Buyers failed at key resistance — now it's sellers' turn to prove control below short-term MAs
AUD
USD
Gold rallies as weak US jobs data, tariffs stoke stagflation fears
Gold rallies as weak US jobs data, tariffs stoke stagflation fears
Gold price reverses its course and registers solid gains on Thursday as the latest round of jobs data in the United States (US) points to a weakening labor market. Consequently, investors increased their dovish bets as the Federal Reserve (Fed) is expected to resume its easing cycle in September.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
USDCAD technicals: The USDCAD is caught between the moving averages
USDCAD technicals: The USDCAD is caught between the moving averages
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USDCAD technicals: The USDCAD is caught between the moving averages
USDCAD remains directionless amidst a tug of war between key moving averages, signaling indecision in the market. Trade tactically within the established range until a clear breakout occurs.
CAD
USD
USDJPY technicals: USDJPY remains within the moving average range
USDJPY technicals: USDJPY remains within the moving average range
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USDJPY technicals: USDJPY remains within the moving average range
200 bar moving average on the 4-hour chart at 146.725. The 100 bar moving average on the 4-hour chart at 147.944.
JPY
USD
GBP/USD jumps as BoE delivers hawkish cut, US jobless claims climb
GBP/USD jumps as BoE delivers hawkish cut, US jobless claims climb
The GBP/USD surges during the North American session, though trading below an eight-day high reached at 1.3436 after the Bank of England (BoE) decided to cut interest rates on a close vote split, signaling that policymakers remained worried about inflation.
GBPUSD
Fundamental Analysis
Technical Analysis
Currencies
Majors
EURUSD Technicals: EURUSD retraces back to the 50% midpoint
EURUSD Technicals: EURUSD retraces back to the 50% midpoint
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EURUSD Technicals: EURUSD retraces back to the 50% midpoint
The EURUSD is retracing some of the strong gains seen from yesterday and into today
US stocks move higher as they trouble off threats of tariffs
US stocks move higher as they trouble off threats of tariffs
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US stocks move higher as they trouble off threats of tariffs
Trump's threat of 100% tariffs on semiconductors and chips is having little impact.
GBPUSD runs higher after rate cut. Buyers are more in control. Here are the reasons why.
GBPUSD runs higher after rate cut. Buyers are more in control. Here are the reasons why.
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GBPUSD runs higher after rate cut. Buyers are more in control. Here are the reasons why.
A hawkish cut has the GBPUSD moving higher today and making some key breaks in the process.
GBP
USD
Gold holds below $3,400 as trade tensions rise, Fed rate cut bets grow
Gold holds below $3,400 as trade tensions rise, Fed rate cut bets grow
Gold (XAU/USD) continues to consolidate within this week’s established range, trading near $3,380 at the start of the American trading session following mixed US labor market data.
Gold
SEO
Fed
Macroeconomics
Technical Analysis
EUR firmer but off overnight highs – Scotiabank
EUR firmer but off overnight highs – Scotiabank
The Euro (EUR) has made a little progress on the US Dollar (USD) over the course of the session but has backed off of its earlier highs just under 1.17, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EURUSD
Banks
Technical Analysis
GBP jumps on the day – Scotiabank
GBP jumps on the day – Scotiabank
The Pound Sterling (GBP) was steady, holding near session highs on the soft USD ahead of the BoE, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
BOE
Technical Analysis
USD/CNH: Expected to consolidate in a range of 7.1780/7.1980 – UOB Group
USD/CNH: Expected to consolidate in a range of 7.1780/7.1980 – UOB Group
US Dollar (USD) is expected to consolidate in a range of 7.1780/7.1980. In the longer run, USD appears to have moved into a 7.1600/7.2240 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to trade between 146.90 and 148.00 – UOB Group
USD/JPY: Likely to trade between 146.90 and 148.00 – UOB Group
The current price movements still appear to be part of a consolidation phase, likely between 146.90 and 148.00. In the longer run, sharp drop in USD has scope to extend, but any decline may not break below 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: Unlikely to be able to reach 0.5960 – UOB Group
NZD/USD: Unlikely to be able to reach 0.5960 – UOB Group
New Zealand Dollar (NZD) could advance further but is unlikely to be able to reach 0.5960. In the longer run, NZD is expected to range trade, most likely between 0.5860 and 0.5960, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Banks
Technical Analysis
AUD/USD: Current price movements are likely part of a 0.6450/0.6555 – UOB Group
AUD/USD: Current price movements are likely part of a 0.6450/0.6555 – UOB Group
There is scope for Australian Dollar (AUD) to test 0.6520 before a pullback can be expected. In the longer run, the current price movements are likely part of a 0.6450/0.6555 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
GBP/USD: Clear break above 1.3385 is unlikely – UOB Group
GBP/USD: Clear break above 1.3385 is unlikely – UOB Group
Overbought advance in Pound Sterling (GBP) could extend against US Dollar (USD), but a clear break above 1.3385 is unlikely. In the longer run, GBP has likely entered a 1.3285/1.3425 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
DXY:  Some consolidation expected in the interim – OCBC
DXY: Some consolidation expected in the interim – OCBC
US Dollar (USD) extended its slippage overnight. Fedspeaks this week from officials, including Lisa Cook, Kashkari and Mary Daly have also been on a slightly dovish tilt, adding to USD softness. DXY was last at 98.10, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
USD: Things moving fast on tariffs, geopolitics and Fed – ING
USD: Things moving fast on tariffs, geopolitics and Fed – ING
Developments this week are unfolding rapidly across three key areas: tariffs, geopolitics, and the Federal Reserve. The first two are somewhat interconnected when it comes to India, which has faced a tariff hike to 50% in response to its economic ties with Russia.
Banks
Technical Analysis
DollarIndex
Fed
EUR/JPY Price Forecast: Hovers around 172.00 with bullish RSI above 50
EUR/JPY Price Forecast: Hovers around 172.00 with bullish RSI above 50
EUR/JPY holds ground after registering gains in the previous two consecutive sessions, trading around 171.90 during the European hours on Wednesday. The technical analysis of the daily chart suggests the ongoing neutral market bias as the currency cross remains within the rectangular pattern.
EURJPY
Crosses
Technical Analysis
Bullish
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