EUR/GBP Price Forecast: Keeps bullish vibe, first upside target emerges near 0.8600
EUR/GBP Price Forecast: Keeps bullish vibe, first upside target emerges near 0.8600
The EUR/GBP cross loses traction to around 0.8580 during the early European session on Wednesday. The Euro (EUR) edges lower against the Pound Sterling (GBP) amid tariff negotiations uncertainty.
EURGBP
Technical Analysis
Crosses
Bullish
NZD/JPY Price Forecast: Holds above 87.35 on risk-off mood, stays bullish
NZD/JPY Price Forecast: Holds above 87.35 on risk-off mood, stays bullish
The NZD/JPY consolidates during the week, although it posted losses of over 0.44% on Tuesday, on solid Japanese economic data. Additionally, the risk-off mood, which has boosted safe-haven peers like the Yen, exerted downward pressure on the cross-pair, which trades at 87.41, virtually unchanged.
Crosses
Technical Analysis
NZDJPY
Currencies
Bullish
AUD/USD pauses ahead of Australian Retail Sales and the US ADP report
AUD/USD pauses ahead of Australian Retail Sales and the US ADP report
The Australian Dollar (AUD) is steady against the US Dollar (USD) on Tuesday, with AUD/USD bulls eyeing a potential breakout above 0.6600.
AUDUSD
RetailSales
Currencies
Technical Analysis
USD/JPY Price Forecast: Dips to 4-week lows, before trimming some losses
USD/JPY Price Forecast: Dips to 4-week lows, before trimming some losses
The USD/JPY posted mild losses of 0.17% after hitting a new four-week low of 142.68, sponsored by upbeat economic data in Japan.
Technical Analysis
USDJPY
Currencies
USD/CHF steadies, Trump’s tax bill clears Senate, while Hammer Candle signals possible reversal
USD/CHF steadies, Trump’s tax bill clears Senate, while Hammer Candle signals possible reversal
The Swiss Franc (CHF) is steadying against the US Dollar (USD) after recording a new YTD low on Tuesday.
USDCHF
Fundamental Analysis
Majors
Technical Analysis
Currencies
EUR/USD rally fizzles at multi-year high — tax bill, yields slam brakes
EUR/USD rally fizzles at multi-year high — tax bill, yields slam brakes
EUR/USD remained virtually unchanged on Tuesday during the North American session after reaching a multi-year high of 1.1830, before dipping below the 1.1800 level.
EURUSD
Currencies
Technical Analysis
Fundamental Analysis
SEO
USDCAD rebound tests key resistance zone
USDCAD rebound tests key resistance zone
Pair finds support near 1.3591 and shifts bullish bias, but faces sellers at 100-hour MA and 50% retracement
Gold edges up as traders hedge bets ahead Fed moves, US NFP report
Gold edges up as traders hedge bets ahead Fed moves, US NFP report
The Gold price rises over 1% as the Greenback pares some of its earlier losses, which sent the US Dollar Index (DXY) to a three-year low. Meanwhile, the US Senate passed the Trump tax bill, which is ready to be sent to the House of Representatives for its approval.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
XAG/USD Price Forecast: Parallel channel keeps bias bullish, but momentum fades
XAG/USD Price Forecast: Parallel channel keeps bias bullish, but momentum fades
Silver (XAG/USD) is hovering around 36.20 during the American session on Tuesday, trading in a narrow range as bulls take a breather after the sharp rally that saw the metal hit multi-year highs in June.
XAGUSD
Technical Analysis
Bullish
USD gaining upside momentum
USD gaining upside momentum
The USD is now higher vs EUR, GBP, CAD, AUD and NZD
GBP/USD eases from 3-year high as BoE turns dovish, US data beats
GBP/USD eases from 3-year high as BoE turns dovish, US data beats
The Pound Sterling (GBP) loses ground versus the US Dollar after hitting a new three-year peak of 1.3788, just shy of the 1.3800 figure. Economic data from the United States (US), along with dovish comments of the Bank of England’s (BoE) Governor Bailey, exerted downward pressure on the pair.
GBPUSD
Majors
Currencies
Technical Analysis
Fundamental Analysis
USD moves higher after better data. Powell: Fed on hold. Monitoring data
USD moves higher after better data. Powell: Fed on hold. Monitoring data
GBPUSD tests/dips below 100 hour MA. EURUSD holds above support target so far.
The USDCHF continues it's run lower and to new lows since 2011
The USDCHF continues it's run lower and to new lows since 2011
But did we just hit a technical target support level?
US Dollar holds steady as Trump’s Big Beautiful Bill passes Senate
US Dollar holds steady as Trump’s Big Beautiful Bill passes Senate
The US Dollar (USD) continues to face selling pressure, with the US Dollar Index (DXY) slipping to as low as 96.38, its weakest level since February 2022, during early trading on Tuesday.
DollarIndex
Technical Analysis
Macroeconomics
Fundamental Analysis
The USD continues its move to the downside. Central bank heads set to speak.
The USD continues its move to the downside. Central bank heads set to speak.
Powelll, BOE Bailey, ECB Lagarde, BOJ Ueda all expected to speak on a panel in Sintra today.
AUD: Weaker exports expected – Commerzbank
AUD: Weaker exports expected – Commerzbank
On Monday, the Australian government presented its quarterly forecasts for the mining and export of metals and energy, Commerzbank's FX analyst Volkmar Baur notes.
Banks
AUDUSD
Australia
RBA
Technical Analysis
USD: What comes after the weak start to the year? – Commerzbank
USD: What comes after the weak start to the year? – Commerzbank
The euro gained 13.8% against the US dollar in the first six months of this year, marking the best start to a year against the greenback since its introduction. In the last three months alone, the euro gained 9%, representing one of its best quarters against the US dollar.
DollarIndex
Banks
Technical Analysis
Fed
USD/CNH: Likely to drop below 7.1500 – UOB Group
USD/CNH: Likely to drop below 7.1500 – UOB Group
There is potential for US Dollar (USD) to drop below 7.1500 against Chinese Yuan (CNH); it is unclear whether there is sufficient momentum for it to reach 7.1450.
Banks
Technical Analysis
USDCNH
USD/JPY: Any further decline is unlikely to reach 142.70 – UOB Group
USD/JPY: Any further decline is unlikely to reach 142.70 – UOB Group
Increase in momentum may lead to US Dollar (USD) breaking below 143.50 against Japanese Yen (JPY); any further decline is unlikely to reach 142.70. In the longer run, buildup in momentum could trigger further USD declines toward 142.70, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD/CNH: Measured pace – OCBC
USD/CNH: Measured pace – OCBC
USD/CNH continued to trade lower in subdued ranges near its recent lows. USD/CNH last at 7.1560 levels. Daily momentum is showing tentative signs of turning mild bearish but decline in RSI shows signs of moderation, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
Technical Analysis
USDCNH
China
Gold Technical Analysis – Focus on the US data as dovish bets increase
Gold Technical Analysis – Focus on the US data as dovish bets increase
Gold eventually pulled all the way back into a major trendline where the dip-buyers stepped in. What’s next?
Gold
Brent crude faces renewed pressure after 200-DMA rejection – Société Générale
Brent crude faces renewed pressure after 200-DMA rejection – Société Générale
Brent crude's failed attempt to hold above its 200-day moving average has reinforced downside risks, setting the stage for a continued retreat toward key support levels.
Banks
Brent
Oil
Technical Analysis
USD: Focus on US data plus Powell at Sintra – ING
USD: Focus on US data plus Powell at Sintra – ING
The dollar continues to edge lower in an environment characterised by lower volatility. On the subject of volatility, it's interesting to note that traded volatility levels for equities and debt have fallen further than they have for FX.
Banks
DollarIndex
Technical Analysis
Fed
USD/JPY: Downside bias – OCBC
USD/JPY: Downside bias – OCBC
USD/JPY drifted lower this morning, breaking past 144-support. Pair was last at 142.86 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
NZD/USD: NZD must hold above 0.6040 to continue rising – UOB Group
NZD/USD: NZD must hold above 0.6040 to continue rising – UOB Group
While New Zealand Dollar (NZD) could continue to rise against US Dollar (USD), deeply overbought conditions suggest that 0.6120 is likely out of reach for now.
NZDUSD
Technical Analysis
Banks
DXY: Under pressure – OCBC
DXY: Under pressure – OCBC
US Dollar (USD) continued to trade under pressure as recent US economic data (Chicago PMI, Dallas Fed manufacturing activity) disappointed overnight, while markets increasingly priced in expectations of Federal Reserve rate cuts.
DollarIndex
Banks
Technical Analysis
Fed
AUD/USD: Likely to test 0.6595 before leveling off – UOB Group
AUD/USD: Likely to test 0.6595 before leveling off – UOB Group
The rapid rise appears to be excessive, but there is a chance for Australian Dollar (AUD) to test 0.6595 before leveling off against US Dollar (USD).
AUDUSD
Banks
Technical Analysis
AUD/USD eyes range break on upward momentum – Société Générale
AUD/USD eyes range break on upward momentum – Société Générale
AUD/USD continues to show resilience, quickly regaining lost ground after a brief dip below its 50-day moving average and is now eyeing a breakout from its long-held range.
AUDUSD
Banks
Technical Analysis
GBP/USD: Major resistance at 1.3800 is probably out of reach – UOB Group
GBP/USD: Major resistance at 1.3800 is probably out of reach – UOB Group
Pound Sterling (GBP) may edge higher and test the 1.3770 level against US Dollar (USD); the major resistance at 1.3800 is probably out of reach.
GBPUSD
Banks
Technical Analysis
GBP: Focus on welfare vote and Bailey – ING
GBP: Focus on welfare vote and Bailey – ING
EUR/GBP remains reasonably well bid as expectations for the BoE policy rate, like the Fed rate, have been priced lower over the last month, ING's FX analyst Chris Turner notes
Banks
GBPUSD
Technical Analysis
EURGBP
EUR/USD: Next resistance at 1.1850 is unlikely to come under threat – UOB Group
EUR/USD: Next resistance at 1.1850 is unlikely to come under threat – UOB Group
Increase in momentum could lead to Euro (EUR) testing 1.1820 against US Dollar (USD); the next resistance at 1.1850 is unlikely to come under threat.
Technical Analysis
EURUSD
Banks
EUR/USD: Sintra forum in focus – OCBC
EUR/USD: Sintra forum in focus – OCBC
Euro (EUR) extended its run higher towards 1.18-handle briefly this morning as USD loses ground broadly. Pair was last at 1.1795 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
EURUSD
Technical Analysis
EUR: Big guns out at Sintra today – ING
EUR: Big guns out at Sintra today – ING
As above, the euro has been the top-performing G10 currency over the last month, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
EURUSD
ECB
Silver Price Forecast: XAG/USD spikes up to $36.50 with markets turning cautious
Silver Price Forecast: XAG/USD spikes up to $36.50 with markets turning cautious
Silver (XAG/USD) is extending its rebound from Monday’s lows at $3540 to intra-day highs at $36.50 so far, with precious metals supported by higher demand for safe havens, amid an increasingly cautious market sentiment.Trump’s comments complaining about the lack of progress on the trade talks with J
XAGUSD
Silver
Technical Analysis
Commodities
NVDA Stock Analysis and Where the Profit Takers May Be Waiting
NVDA Stock Analysis and Where the Profit Takers May Be Waiting
NVDA is a leading indicator for market sentiment, driven by semiconductor cyclicality, AI revolution, and high beta nature. It may be ending a major 90% rally soon and there is an important technical junction that may attract profit takers to take profit before, as they might think, others would also do.
Stocks
FX option expiries for 1 July 10am New York cut
FX option expiries for 1 July 10am New York cut
A look at what is on the board for today
FX option expiries for 1 July 10am New York cut
FX option expiries for 1 July 10am New York cut
A look at what is on the board for today
EUR/JPY Price Forecast: Trades around 169.50 after retreating from twelve-month highs
EUR/JPY Price Forecast: Trades around 169.50 after retreating from twelve-month highs
EUR/JPY depreciates after two days of gains, trading around 169.40 during the Asian hours on Tuesday. The technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern, strengthening the bullish bias.
EURJPY
Crosses
Technical Analysis
Silver Price Forecast: XAG/USD struggles below $36.00 mark; bears seem non-committed
Silver Price Forecast: XAG/USD struggles below $36.00 mark; bears seem non-committed
Silver (XAG/USD) struggles to capitalize on the overnight goodish rebound from the $35.40 area or a multi-day trough and attracts fresh sellers during the Asian session on Tuesday. The white metal currently trades around the $35.85 region, down 0.70% for the day.
Silver
Commodities
Technical Analysis
XAGUSD
AUD/JPY holds steady near 94.65 as buyers defend key support zone
AUD/JPY holds steady near 94.65 as buyers defend key support zone
The AUD/JPY has continued to consolidate within the 93.70–95.00 range over the past ten trading days, amid a fragile market mood driven by controversial US policies, the escalation and de-escalation of the Middle East conflict, and the approval of the US fiscal budget.
AUDJPY
Technical Analysis
Currencies
Crosses
Broker Rebates