EUR/USD slumps as Fed holds rates; Waller and Bowman dissent
EUR/USD slumps as Fed holds rates; Waller and Bowman dissent
The EUR/USD extended its losses during the North American session, as the Federal Open Market Committee (FOMC) held rates unchanged, in a vote split, that witnessed two Governors, favoring a 25-bps rate cut.  At the time of writing, the pair trades volatile at around 1.1475-1.1500, negative on the d
EURUSD
Majors
Fed
Technical Analysis
Currencies
GBPUSD falls below the 100 day MA. Technical bias shifts with the break.
GBPUSD falls below the 100 day MA. Technical bias shifts with the break.
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GBPUSD falls below the 100 day MA. Technical bias shifts with the break.
The GBPUSD is moving to a new low for the day ahead of the Fed rate decision.
Silver Price Forecast: XAG/USD tests key support at $37.50 ahead of Fed decision
Silver Price Forecast: XAG/USD tests key support at $37.50 ahead of Fed decision
Silver (XAG/USD) drifts lower on Wednesday, hovering around $37.50 after two days of muted, range-bound trading, pressured by renewed strength in the US Dollar (USD). The Greenback extended its rally after a string of stronger-than-expected US economic data, putting pressure on precious metals.
Silver
XAGUSD
Technical Analysis
The USDCAD bias remains more bullish with key resistance looming above
The USDCAD bias remains more bullish with key resistance looming above
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The USDCAD bias remains more bullish with key resistance looming above
The 100 day moving average and 61.8% retracement of the move down from May are above between 1.38279 and 1.3833
EUR/GBP slips as US–EU trade deal lifts Dollar, BoE cut expected
EUR/GBP slips as US–EU trade deal lifts Dollar, BoE cut expected
The EUR/GBP extended its losses in the early North American session, down over 0.15% as traders digested trading news between the United States (US) and the European Union (EU).
Fundamental Analysis
Technical Analysis
EURGBP
NZDUSD breaks key trendline support — Sellers eye deeper downside levels
NZDUSD breaks key trendline support — Sellers eye deeper downside levels
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NZDUSD breaks key trendline support — Sellers eye deeper downside levels
Move below 0.5914 puts focus on July low, key swing area, and 38.2% retracement as bearish pressure tries to build
NZD
USD
Levels
EUR/USD to move higher on a 6-to-12-month view – Rabobank
EUR/USD to move higher on a 6-to-12-month view – Rabobank
EUR/USD is struggling to regain its composure after Monday’s plunge. EUR/USD has been ripe for some correction, though our 3-month forecast of 1.15 has already been tested today.
EURUSD
Banks
Technical Analysis
The USD is mixed to kickstart the FOMC decision day.
The USD is mixed to kickstart the FOMC decision day.
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The USD is mixed to kickstart the FOMC decision day.
In the video, I take a technical look at the EURUSD, USDJPY and GBPUSD ahead of the rate decision
Gold slips below $3,300 on strong US data
Gold slips below $3,300 on strong US data
Gold (XAU/USD) attracts sellers on Wednesday, hovering near $3,293 during the American trading session, down nearly 1.0% on the day. The yellow metal is losing ground after stronger-than-expected US economic data.
Gold
XAUUSD
SEO
Fed
Technical Analysis
EUR trading defensively, despite better data and supportive spreads – Scotiabank
EUR trading defensively, despite better data and supportive spreads – Scotiabank
The Euro (EUR) is trading somewhat defensively into Wednesday’s NA session, ignoring the release of stronger than expected data with a modest surprise to euro area confidence figures and the Q2 GDP print, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
USD/CNH must close above 7.1910 for a continued advance – UOB Group
USD/CNH must close above 7.1910 for a continued advance – UOB Group
Upward momentum is building, but for a continued advance, US Dollar (USD) must first close above 7.1910, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY has a chance to rise toward 149.20 – UOB Group
USD/JPY has a chance to rise toward 149.20 – UOB Group
The current price movements are likely part of a 147.85/148.75 consolidation phase. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Banks
Technical Analysis
EUR: Still plenty of uncertainties – MUFG
EUR: Still plenty of uncertainties – MUFG
The European Commission yesterday published an EU-US trade deal outline explaining some of the key elements. The piece interestingly refers to the 'political agreement' reached and not an economic one or even a trade agreement.
EURUSD
Banks
Technical Analysis
Europe
Energy
NZD/USD: Likely to trade in a sideways range of 0.5940/0.597 – UOB Group
NZD/USD: Likely to trade in a sideways range of 0.5940/0.597 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5940/0.5975 against US Dollar (USD). In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Signs of building downward momentum – UOB Group
AUD/USD: Signs of building downward momentum – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6500 and 0.6540 against US Dollar (USD).
AUDUSD
Technical Analysis
Banks
AUD: Good enough – Commerzbank
AUD: Good enough – Commerzbank
In the minutes of the last meeting of the Reserve Bank of Australia, the monetary policy committee highlighted two economic factors in particular that will influence the interest rate decision at the next meeting in August: the labour market and inflation.
AUDUSD
Banks
RBA
Technical Analysis
Australia
GBP/USD: Likely to consolidate between 1.3315 and 1.3385 – UOB Group
GBP/USD: Likely to consolidate between 1.3315 and 1.3385 – UOB Group
Pound Sterling (GBP) is likely to consolidate between 1.3315 and 1.3385. In the longer run, price action continues to suggest GBP weakness; the next technical target is 1.3300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
CAD: Unchanged interest rates, focus on new forecasts – Commerzbank
CAD: Unchanged interest rates, focus on new forecasts – Commerzbank
At its meeting today, the Bank of Canada (BoC) is likely to leave interest rates unchanged, Commerzbank's FX analyst Michael Pfister notes.
USDCAD
Banks
BOC
Canada
Technical Analysis
USD/CAD eyes 1.3800 break as momentum builds – Société Générale
USD/CAD eyes 1.3800 break as momentum builds – Société Générale
USD/CAD is approaching key resistance at 1.3800 after consolidating gains from its June low near 1.3535. With momentum turning more constructive, a breakout could open the door to 1.3910 and the 200-DMA near 1.4000, Société Générale's FX analysts note.
USDCAD
Banks
Technical Analysis
EUR/USD: Unlikely to weaken much further against – UOB Group
EUR/USD: Unlikely to weaken much further against – UOB Group
Euro (EUR) is unlikely to weaken much further against US Dollar (USD); it is more likely to consolidate in a range of 1.1520/1.1600. In the longer run, the level to watch now is 1.1500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD: GDP and Powell can add fuel to dollar rally – ING
USD: GDP and Powell can add fuel to dollar rally – ING
This week’s strong USD performance has been driven by a combination of the US-EU deal, positioning adjustments, and month-end flows. These factors should start to fade now, shifting all the attention to data and the Fed.
DollarIndex
Banks
Technical Analysis
Fed
CAD: Dovish risks today – ING
CAD: Dovish risks today – ING
The Canadian Dollar (CAD) has dropped less than other G10 currencies during this round of US Dollar (USD) appreciation.
USDCAD
Banks
Technical Analysis
BOC
Canada
DXY: FOMC and data – OCBC
DXY: FOMC and data – OCBC
US Dollar (USD) strength moderated overnight, following the pullback in UST yields. DXY was last at 98.82 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
FX option expiries for 30 July 10am New York cut
FX option expiries for 30 July 10am New York cut
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FX option expiries for 30 July 10am New York cut
A look at what is on the board for today
Options
Forex
USD/CAD Price Forecast: Tests rectangle’s upper boundary near 1.3800 barrier
USD/CAD Price Forecast: Tests rectangle’s upper boundary near 1.3800 barrier
USD/CAD halts its four-day winning streak, trading around 1.3770 during the Asian hours on Wednesday.
USDCAD
Technical Analysis
Majors
Silver Price Forecast: XAG/USD extends range play above $38.00 mark
Silver Price Forecast: XAG/USD extends range play above $38.00 mark
Silver (XAG/USD) extends its sideways consolidative price move for the third straight day, though it manages to hold above the $38.00 mark through the Asian session on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
Gold Futures Technical Analysis and Price Prediction Before Today's FOMC Press Conference
Gold Futures Technical Analysis and Price Prediction Before Today's FOMC Press Conference
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Gold Futures Technical Analysis and Price Prediction Before Today's FOMC Press Conference
Gold futures analysis for July 30, 2025, even before Jerome Powell speaks at today's press conference. Updated price outlook, tradeCompass thresholds, and key levels for day and swing traders.
Gold
EUR/USD extends selloff to 1.1550 as Dollar strengthens despite weak US data
EUR/USD extends selloff to 1.1550 as Dollar strengthens despite weak US data
The EUR/USD resumed its downtrend for the second straight day as market participants digest softer-than-expected economic data from the United States (US).
EURUSD
Currencies
Technical Analysis
Fundamental Analysis
SEO
Silver Price Forecast: XAG/USD stalls near $38.00, traders await Fed’s decision
Silver Price Forecast: XAG/USD stalls near $38.00, traders await Fed’s decision
Silver price post back-to-back doji candles, near the $38.00 figure, as the grey metal market consolidates ahead of the Federal Reserve monetary policy decision.
Technical Analysis
XAGUSD
Silver
Metals
Gold rebounds to $3,330 as US yields fall, JOLTS miss boosts bullion bid
Gold rebounds to $3,330 as US yields fall, JOLTS miss boosts bullion bid
Gold price recovered some ground on Tuesday after falling for the fourth straight day as the Greenback trimmed some of its earlier gains, which boosted appetite for the yellow metal.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
GBPUSD bounces, but stays below the swing area/38.2% retracement
GBPUSD bounces, but stays below the swing area/38.2% retracement
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GBPUSD bounces, but stays below the swing area/38.2% retracement
The broken 38.2% retracement of the move u from the April low comes in at 1.3375. Staying below keeps the seller in play/control in the short term.
AUDUSD technical outlook: Sellers pressing below key MAs
AUDUSD technical outlook: Sellers pressing below key MAs
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AUDUSD technical outlook: Sellers pressing below key MAs
The next downside targets look to 0.6484 and then 0.6462
Gold Price Forecast: XAU/USD tests 50-day EMA support, focus shifts to Fed
Gold Price Forecast: XAU/USD tests 50-day EMA support, focus shifts to Fed
Gold (XAU/USD) steadies on Tuesday, halting a four-day slide after dipping to a near three-week low around $3,300 on Monday. The slight rebound comes despite a broadly risk-on mood that has kept demand for safe-haven assets subdued.
Gold
Technical Analysis
Fed
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution
GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS).  The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
USDCHF stretching toward 38.2% retracement target. Moves to new July highs.
USDCHF stretching toward 38.2% retracement target. Moves to new July highs.
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USDCHF stretching toward 38.2% retracement target. Moves to new July highs.
The USDCHF Is above a swing area between 0.8054 and 0.80625
CHF
USD
The USD is modestly higher after sharp gains yesterday. What technical levels are in play?
The USD is modestly higher after sharp gains yesterday. What technical levels are in play?
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The USD is modestly higher after sharp gains yesterday. What technical levels are in play?
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US Dollar holds strong amid mixed US data as Consumer Confidence beats and JOLTS disappoints
US Dollar holds strong amid mixed US data as Consumer Confidence beats and JOLTS disappoints
The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.
DollarIndex
SEO
TradeWar
Technical Analysis
Fed
Broker Rebates