Current news is English only but we will be adding multilingual news - check back soon.
GBP/USD retreats below 1.3000 after hitting 4-month high amid Fed, BoE uncertainty
GBP/USD retreats below 1.3000 after hitting 4-month high amid Fed, BoE uncertainty
The Pound Sterling retreated during the North American session against the US Dollar after hitting a four-and-a-half-month high at 1.3000 before trimming earlier gains.
GBPUSD
Currencies
Macroeconomics
Technical Analysis
A lot is going on technically in the USDCHF. I will talk about it in this video.
A lot is going on technically in the USDCHF. I will talk about it in this video.
The price held retracement resistance, fell below a key MA but is holding (so far) another key retracement support target
The S&P and the NASDAQ indices are lower in trading today and tilting technical bias lower
The S&P and the NASDAQ indices are lower in trading today and tilting technical bias lower
What are the technical plays and why for the 2 broader indices.
S&P Futures
GBP tracks broader tone in the USD to regain 1.30+ – Scotiabank
GBP tracks broader tone in the USD to regain 1.30+ – Scotiabank
Pound Sterling (GBP) retains a firm tone versus the USD, reaching the 1.30 level for the first time since November before drifting back slightly, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR gains extend on ZEW survey jump – Scotiabank
EUR gains extend on ZEW survey jump – Scotiabank
Germany’s ZEW investor confidence survey had a serious glow up in the wake of the German government’s plans to boost infrastructure and defense spending significantly.
EURUSD
Technical Analysis
Banks
CAD holds break through 1.4350 – Scotiabank
CAD holds break through 1.4350 – Scotiabank
Spot moved nicely lower yesterday as the US Dollar (USD) tone stayed soft, the White House stayed relatively quiet in tariffs and stocks picked up a bit more ground, giving high beta FX a broader lift.
USDCAD
Technical Analysis
Banks
USD remains soft, DXY tests recent lows – Scotiabank
USD remains soft, DXY tests recent lows – Scotiabank
The US Dollar (USD) retains a soft undertone though movement in the major currencies is limited overall as the DXY tests last week’s 103.2 low.
DollarIndex
Technical Analysis
Banks
Dynamic bounces off key moving averages for EURUSD and GBPUSD
Dynamic bounces off key moving averages for EURUSD and GBPUSD
EURUSD and GBPUSD experience key support bounces off 100-hour moving averages, maintaining bullish bias for now. Break below could shift bias bearish.
Key Levels for USDCAD: Will support hold or break? Analysis and outlook
Key Levels for USDCAD: Will support hold or break? Analysis and outlook
USDCAD tests lower end of consolidation range at 1.4268, buyers active at lower levels. Price needs to break 1.4300 for upside potential. Break below 1.42319 could signal further downside movement.
What is pushing the technicals in the EURUSD, USDJPY and GBPUSD today and other influences
What is pushing the technicals in the EURUSD, USDJPY and GBPUSD today and other influences
Explore the latest developments in major currency pairs and global economic events impacting the market.
UK news may help EUR/GBP hold below the March high around 0.8495 – Rabobank
UK news may help EUR/GBP hold below the March high around 0.8495 – Rabobank
Today is expected to mark an extraordinary day for Germany.
EURGBP
Technical Analysis
Banks
BOE
USD/CNH: Expected to trade between 7.2200 and 7.2430 – UOB Group
USD/CNH: Expected to trade between 7.2200 and 7.2430 – UOB Group
US Dollar (USD) is expected to trade between 7.2200 and 7.2430 vs Chinese Yuan (CNH).
USDCNH
Technical Analysis
Banks
USD/JPY: Major resistance at 150.30 is likely out of reach for now – UOB Group
USD/JPY: Major resistance at 150.30 is likely out of reach for now – UOB Group
US Dollar (USD) is expected to rise vs Japanese Yen (JPY), but the major resistance at 150.30 is likely out of reach for now.
USDJPY
Technical Analysis
Banks
EUR/USD to consolidate around current levels in the near term – Danske Bank
EUR/USD to consolidate around current levels in the near term – Danske Bank
EUR/USD was supported by risk-sentiment during yesterdays' session rising back above the 1.09 mark with US retail sales not sending any firm signals, Danske Bank's FX analyst Jens Nærvig Pedersen reports.
EURUSD
Technical Analysis
Banks
Levels
Copper is up around 12% so far this year – ING
Copper is up around 12% so far this year – ING
Copper rose to a near-five-month high at the start of the week after China unveiled a special action plan to revive consumption, boosting sentiment in the commodities complex, ING's commodity experts Ewa Manthey and Warren Patterson note.
Copper
Technical Analysis
Banks
USD/CAD: Further uptrend above 1.4550 – Société Générale
USD/CAD: Further uptrend above 1.4550 – Société Générale
USD/CAD faced strong resistance near 1.4800 last month and has recently carved out a lower high at 1.4550, Société Générale's FX analysts note.
USDCAD
Technical Analysis
Banks
UpTrend
NZD/USD: Rapid buildup in momentum continues suggests NZD strength – UOB Group
NZD/USD: Rapid buildup in momentum continues suggests NZD strength – UOB Group
Further New Zealand Dollar (NZD) strength vs US Dollar (USD) is not ruled out; any further advance is likely part of a higher 0.5785/0.5845 range.
NZDUSD
Technical Analysis
Banks
EUR/CAD Price Forecast: Tests 1.5700 support near nine-day EMA
EUR/CAD Price Forecast: Tests 1.5700 support near nine-day EMA
EUR/CAD edges higher after two days of gains, trading near 1.5640 during European hours on Tuesday.
EURCAD
Technical Analysis
Crosses
AUD/USD: May be able to test 0.6410 – UOB Group
AUD/USD: May be able to test 0.6410 – UOB Group
Strong momentum suggests Australian Dollar (AUD) could test 0.6410 vs US Dollar (USD); it is unclear if it can break clearly above this level for now.
AUDUSD
Technical Analysis
Banks
EU gas storage continues to tick lower – ING
EU gas storage continues to tick lower – ING
European natural gas prices came under pressure yesterday, falling almost 2.5% on the day, amid hopes of a Russia-Ukraine peace deal, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Energy
Technical Analysis
Banks
USDCAD Technical Analysis – Stuck in a tariffs limbo
USDCAD Technical Analysis – Stuck in a tariffs limbo
The USDCAD pair continues to range amid tariffs uncertainty. What’s next?
Oil: Geopolitical risks intensify – ING
Oil: Geopolitical risks intensify – ING
Oil prices rose yesterday amid rising tensions in the Middle East, continuing the strength seen at the end of last week, ING's commodity experts Ewa Manthey and Warren Patterson note.
Oil
Energy
Technical Analysis
Banks
Commodities
CAD: Important CPI release – ING
CAD: Important CPI release – ING
Canada releases inflation figures for February today, ING's FX analyst Francesco Pesole notes.
USDCAD
Technical Analysis
Banks
GBP/USD: GBP must break and stay above 1.3000 to continue to rise – UOB Group
GBP/USD: GBP must break and stay above 1.3000 to continue to rise – UOB Group
Chance for Pound Sterling (GBP) to break above 1.3000 vs US Dollar (USD); overbought conditions suggest it might not be able to maintain a foothold above this level.
GBPUSD
Technical Analysis
Banks
DXY: Consolidate ahead of FOMC – OCBC
DXY: Consolidate ahead of FOMC – OCBC
US Dollar (USD) continues to trade near recent lows. DXY was last seen trading at 103.26 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Technical Analysis
Banks
USD: Consumer pessimism still growing – ING
USD: Consumer pessimism still growing – ING
US data continues to haunt the dollar, which fell against all G10 currencies excluding the yen yesterday.
DollarIndex
Technical Analysis
Banks
EUR/USD: Above 1.0855, the pair can test 1.0950 – UOB Group
EUR/USD: Above 1.0855, the pair can test 1.0950 – UOB Group
Euro (EUR) could test 1.0950 vs US Dollar (USD), but it does not appear to possess enough momentum to break clearly above this level.
EURUSD
Technical Analysis
Banks
USD/CAD Price Forecast: Falls toward 1.4250 after breaking below a crucial support zone
USD/CAD Price Forecast: Falls toward 1.4250 after breaking below a crucial support zone
USD/CAD continues its losing streak for the third successive session, trading near 1.4290 during European hours on Tuesday.
USDCAD
Technical Analysis
Majors
EUR: Bundestag widely expected to approve spending – ING
EUR: Bundestag widely expected to approve spending – ING
The German Bundestag votes on Friedrich Merz’s fiscal spending plan today, ING's FX analyst Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
EUR/USD: May correct lower on the day – OCBC
EUR/USD: May correct lower on the day – OCBC
Euro (EUR) continued to hold on to gains above 1.09 handle vs US Dollar (USD) on prospects of a peace deal in Ukraine, potential ECB pause (in Apr) and hopes of large German spending.
EURUSD
Technical Analysis
Banks
USDJPY Technical Analysis – Eyes on the BoJ and FOMC decisions
USDJPY Technical Analysis – Eyes on the BoJ and FOMC decisions
The USDJPY pair is trading around a major trendline ahead of the BoJ and FOMC policy decisions. What’s next?
US Dollar Index Price Forecast: Outlook remains bearish near 103.50
US Dollar Index Price Forecast: Outlook remains bearish near 103.50
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, recovers some lost ground to near 103.60 during the early European session on Tuesday.
DollarIndex
Technical Analysis
Silver Price Forecast: XAG/USD hovers near $34.00 as bulls take a breather
Silver Price Forecast: XAG/USD hovers near $34.00 as bulls take a breather
Silver prices consolidated near the $33.80 mark for the third consecutive trading day, with buyers struggling to clear the $34.00 a troy ounce mark.
Silver
XAGUSD
Metals
Technical Analysis
AUD/JPY Price Analysis: Bulls step in and steal the 20-day SMA
AUD/JPY Price Analysis: Bulls step in and steal the 20-day SMA
AUD/JPY surged on Monday ahead of the Asian session, gaining traction and trading near the 95.30 zone after a strong bullish advance.
AUDJPY
Crosses
Currencies
Technical Analysis
USD/JPY Price Forecast: Rises past 149.00 as traders eye key resistance
USD/JPY Price Forecast: Rises past 149.00 as traders eye key resistance
The USD/JPY rose for the second straight day, climbing past the 149.00 figure late in Monday after US economic data was mixed, following good Retail Sales data and a dismal New York Fed Empire State Manufacturing Index report.
USDJPY
Currencies
Technical Analysis
Gold price hovers around $3,000 as US economy loses steam
Gold price hovers around $3,000 as US economy loses steam
Gold price rises on Monday late in the North American session, hoover near the $3,000 mark for the second straight day, after data from the United States (US) shows the economy is cooling.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
Mexican Peso steadies near 19.90 as traders await Fed's decision
Mexican Peso steadies near 19.90 as traders await Fed's decision
The Mexican Peso extended its gains against the US Dollar for the fourth consecutive trading day as Mexican financial markets remained closed due to a national holiday.
Mexico
USDMXN
Fundamental Analysis
Technical Analysis
SEO