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EUR steady around 1.17 – Scotiabank
EUR steady around 1.17 – Scotiabank
The Euro (EUR) is entering Friday’s NA session unchanged against the US Dollar (USD) as it outperforms most of the G10 currencies in an environment of broad-based USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
ECB
Technical Analysis
EUR/GBP Price Forecast: Breaches channel top at 0.8640 after downbeat UK data
EUR/GBP Price Forecast: Breaches channel top at 0.8640 after downbeat UK data
The Euro is trading higher on Friday, supported by a weaker Pound, following a raft of downbeat macroeconomic figures in the UK. The pair has breached the top of the last two weeks' trading channel between 0.8600 and 0.8640 and is trading at 0.8645 at the time of writing.
EURGBP
Technical Analysis
Crosses
Currencies
USD/JPY: May retest the 147.20 level – UOB Group
USD/JPY: May retest the 147.20 level – UOB Group
US Dollar (USD) may retest the 147.20 level against Japanese Yen (JPY); a sustained advance above this level seems unlikely.
USDJPY
Technical Analysis
Banks
Canada jobs data eyed for rate cut clues – ING
Canada jobs data eyed for rate cut clues – ING
Canada's June jobs report is expected to show flat employment growth and a slight rise in the jobless rate to 7.1%, but recent fiscal tightening poses downside risks.
Banks
Canada
USDCAD
Technical Analysis
BOC
USD: Eyes on next week’s CPI – ING
USD: Eyes on next week’s CPI – ING
The US Dollar (USD) remains highly sensitive to data, while tariff news continues to have only a limited effect.
Banks
DollarIndex
Technical Analysis
NZD/USD: Set to trade in a range between 0.5995 and 0.6045 – UOB Group
NZD/USD: Set to trade in a range between 0.5995 and 0.6045 – UOB Group
Outlook appears unclear; New Zealand Dollar (NZD) could trade in a range between 0.5995 and 0.6045 against US Dollar (USD). In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Likely to trade in a range between 0.6535 and 0.659 – UOB Group
AUD/USD: Likely to trade in a range between 0.6535 and 0.659 – UOB Group
Australian Dollar (AUD) is most likely to trade in a range between 0.6535 and 0.6595.
AUDUSD
Technical Analysis
Banks
UK GDP falters again in May – ING
UK GDP falters again in May – ING
UK GDP disappointed for a second straight month in May, reinforcing the Bank of England’s view that underlying growth is largely stagnant after earlier distortions from tariffs and housing.
Banks
GBPUSD
Technical Analysis
UnitedKingdom
BOE
GBP/USD: Chance of retesting the 1.3535 level – UOB Group
GBP/USD: Chance of retesting the 1.3535 level – UOB Group
Pound Sterling (GBP) could retest the 1.3535 level against US Dollar (USD); the major support at 1.3510 is unlikely to come under threat. In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
EUR: Awaiting news on EU-US trade talks – ING
EUR: Awaiting news on EU-US trade talks – ING
There is still no news on the EU trade proposal to the US, but in our view, an EU–US trade deal is unlikely to have a significant directional impact on EUR/USD, which remains primarily tied to Fed and US data dynamics.
EURUSD
Banks
Technical Analysis
EUR/USD: Risk of breaking the major support at 1.1660 is increasing – UOB Group
EUR/USD: Risk of breaking the major support at 1.1660 is increasing – UOB Group
Risk of Euro (EUR) breaking the major support at 1.1660 against US Dollar (USD) is increasing; the next support at 1.1625 is probably out of reach.
EURUSD
Technical Analysis
Banks
USD/CAD tests key channel support – Société Générale
USD/CAD tests key channel support – Société Générale
USD/CAD has bounced off the lower boundary of its multi-year uptrend channel at 1.3535, with positive MACD divergence signaling fading downside momentum.
USDCAD
Technical Analysis
Banks
EUR/USD picks up from lows but remains on the defensive amid fresh tariff woes
EUR/USD picks up from lows but remains on the defensive amid fresh tariff woes
The EUR/USD pair is trading lower for the third consecutive day on Friday, with risk appetite subdued after the US President Donald Trump announced that the European Union (EU) will be included in the next batch of tariff letters and raised blanket levies for all other countries to 15% or 20% from t
EURUSD
Majors
Technical Analysis
Fundamental Analysis
SEO
EUR/CAD drifts higher to near 1.6000 ahead of Canadian employment release
EUR/CAD drifts higher to near 1.6000 ahead of Canadian employment release
The EUR/CAD cross edges higher to near 1.5995 during the early European trading hours on Friday. The Canadian dollar weakens against the Euro (EUR) after US President Donald Trump announces new tariffs.
Macroeconomics
Crosses
Technical Analysis
EURCAD
Gold Technical Analysis – The focus turns to the US CPI
Gold Technical Analysis – The focus turns to the US CPI
Gold continues to range as the market awaits the US CPI report due next Tuesday to decide where to go next
EUR/JPY Price Forecast: Retains bullish bias above 171.50, overbought RSI warrants caution for bulls
EUR/JPY Price Forecast: Retains bullish bias above 171.50, overbought RSI warrants caution for bulls
The EUR/JPY cross gains ground to near 171.65 during the early European session on Friday.
EURJPY
Crosses
Technical Analysis
Bullish
Silver Price Forecast: XAG/USD flirts with short-term trading range hurdle, above $37.00
Silver Price Forecast: XAG/USD flirts with short-term trading range hurdle, above $37.00
Silver (XAG/USD) trades with a positive bias for the second straight day and tests the top end of a multi-week-old range during the Asian session on Friday. The white metal currently trades around the $37.20 region, up 0.40% for the day.
Silver
Commodities
Technical Analysis
XAGUSD
AUD/JPY Price Forecast: Reaches fresh five-month highs near 97.00
AUD/JPY Price Forecast: Reaches fresh five-month highs near 97.00
AUD/JPY extends its gains for the second successive session, trading around 96.70 during the Asian hours on Friday. As per the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, indicating a prevailing bullish bias.
AUDJPY
Crosses
Technical Analysis
EUR/USD drops on strong US jobs data; Fed’s Daly leans dovish
EUR/USD drops on strong US jobs data; Fed’s Daly leans dovish
EUR/USD slides during the North American session, down over 0.23%, as market participants digest a jobs report in the United States that reinforces the Federal Reserve's case for holding rates unchanged at the upcoming July meeting.
EURUSD
Majors
Technical Analysis
Fundamental Analysis
SEO
NZDUSD is back up retesting the lows from last week
NZDUSD is back up retesting the lows from last week
The NZDUSD is also testing the 100 bar MA on the 4-hour chart
Gold stalls near $3,300 as robust US job market weighs on gains
Gold stalls near $3,300 as robust US job market weighs on gains
Gold price (XAU/USD) remained firm during Thursday’s North American session as the US Dollar remained solid following the release of robust jobs data, along with uncertainty about the latest tariffs imposed by Washington.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
GBP/JPY retreats as markets await UK GDP data
GBP/JPY retreats as markets await UK GDP data
The Pound Sterling (GBP) is trading slightly lower against the Japanese Yen (JPY) on Thursday as risk sentiment shifts in response to renewed trade tensions.
GBPJPY
Fundamental Analysis
Technical Analysis
GDP
EUR/CHF flattens as US Dollar strength and Franc's safe-haven demand weigh on Euro
EUR/CHF flattens as US Dollar strength and Franc's safe-haven demand weigh on Euro
The Euro (EUR) flattens against the Swiss Franc (CHF) on Thursday, giving up early gains as the EUR/CHF cross edges lower during the American trading hours.
EURCHF
Crosses
Technical Analysis
ECB
SNB
GBP/USD falls as solid US jobless claims data cools July Fed cut hopes
GBP/USD falls as solid US jobless claims data cools July Fed cut hopes
The Pound Sterling (GBP) trades with losses of 0.27% on Thursday after a jobs report in the United States (US) revealed that the labor market is solid, reducing the chance of a rate cut by the Federal Reserve (Fed) at the July meeting.
Majors
GBPUSD
Currencies
Technical Analysis
Fundamental Analysis
EURUSD runs to the downside. Tests a key support target.
EURUSD runs to the downside. Tests a key support target.
Looks to test the low of a key swing area at 1.1663
Silver Price Forecast: XAG/USD steadies after three-day decline
Silver Price Forecast: XAG/USD steadies after three-day decline
Silver (XAG/USD) is holding firm on Thursday after a strong start to the day, recovering from a three-day losing streak as market sentiment turns cautious once again.
XAGUSD
Technical Analysis
Silver
Gold clings to gains on trade uncertainty but US bond yields limit upside
Gold clings to gains on trade uncertainty but US bond yields limit upside
Gold (XAU/USD) is ticking up slightly on Thursday, benefiting from escalating global trade tensions as recent tariff announcements from US President Trump have rekindled investors' appetite for bullion as a traditional safe-haven asset.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
US Dollar holds ground amid Trump’s tariff threats, strong Jobs data
US Dollar holds ground amid Trump’s tariff threats, strong Jobs data
The US Dollar (USD) holds its footing on Thursday after a weak start to the day, as investors digest fresh tariff threats from US President Donald Trump.
DollarIndex
TradeWar
Technical Analysis
Fed
CAD is little changed on the day – Scotiabank
CAD is little changed on the day – Scotiabank
The Canadian Dollar (CAD) remains range-bound but has made a little progress overnight, reflecting the generally softer US Dollar (USD) undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USDCAD
Banks
Canada
BOC
Technical Analysis
Gold Price Forecast: XAU/USD is testing trendline resistance at $3,325
Gold Price Forecast: XAU/USD is testing trendline resistance at $3,325
Gold (XAU/USD) found buyers right below the $3,300 level on Wednesday to regain some of the ground lost over the previous days.
Gold
XAUUSD
Metals
Technical Analysis
USD/CNH: Chance of edging lower and testing 7.1720 – UOB Group
USD/CNH: Chance of edging lower and testing 7.1720 – UOB Group
Softening underlying tone may lead to US Dollar (USD) edging lower and testing 7.1720 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
USD/JPY: Scope to extend to 145.60 before stabilisation – UOB Group
USD/JPY: Scope to extend to 145.60 before stabilisation – UOB Group
Pullback in US Dollar (USD) has scope to extend to 145.60 before stabilisation is likely against Japanese Yen (JPY); strong support at 145.20 is unlikely to come under threat.
USDJPY
Banks
Technical Analysis
NZD/USD: Price action indicates that further NZD weakness is likely – UOB Group
NZD/USD: Price action indicates that further NZD weakness is likely – UOB Group
New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5980 and 0.6020. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
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