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GBP/USD hold steady near 1.3250 after mixed US economic data
an hour ago
GBP/USD hold steady near 1.3250 after mixed US economic data
The Pound Sterling remained steady against the US Dollar on Thursday after US economic data suggested that the labor market remains solid, while housing data was mixed. At the time of writing, the GBP/USD trades at 1.3250 up 0.11%.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
CAD gives up mild gain led by steady BoC – Scotiabank
3 hours ago
CAD gives up mild gain led by steady BoC – Scotiabank
The Bank of Canada leaving policy on hold on Wednesday provided a minor boost for the Canadian Dollar (CAD) but the pair has nudged a little higher again this morning, reflecting minor gains in the US Dollar (USD), leaving funds trading more or less bang on our fair value estimate (1.3881), Scotiaba
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP is consolidating recent rally – Scotiabank
3 hours ago
GBP is consolidating recent rally – Scotiabank
Pound Sterling (GBP) is entering Thursday’s American session flat against the US Dollar (USD) with relative gains against all of the G-10 currencies with the exception of Swedish Krona (SEK) and Norwegian Krone (NOK), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
AUDUSD stuck in a range, eyes key resistance ahead
3 hours ago
AUDUSD stuck in a range, eyes key resistance ahead
The close support at 0.6326 to 0.6340. The resistance at 0.6390 ahead of the 2025 high at 0.6407
USD consolidates, trump criticizes Powell – Scotiabank
3 hours ago
USD consolidates, trump criticizes Powell – Scotiabank
The US Dollar (USD) is tracking a little higher in rather calm and generally featureless trade.
Technical Analysis
Fed
Banks
DollarIndex
The EURUSD dips below the 100 hour MA. Can more downside momentum follow?
4 hours ago
The EURUSD dips below the 100 hour MA. Can more downside momentum follow?
Getting below 1.1271-75 is the next major target to get to and through
CAD: On hold with little guidance possible – MUFG
6 hours ago
CAD: On hold with little guidance possible – MUFG
On a day in which the US Dollar (USD) sold off across G10, the Canadian Dollar (CAD) advanced by 0.7% yesterday helped in part by the decision of the Bank of Canada to hold off from cutting rates again – the first pause from the BoC since the beginning of the easing cycle in June last year.
Technical Analysis
Canada
BOC
USDCAD
Banks
EUR/USD holds below 1.1473 despite 1% rebound – DBS
6 hours ago
EUR/USD holds below 1.1473 despite 1% rebound – DBS
EUR/USD rebounded 1% overnight but remains below last Friday’s 1.1473 high. The ECB is expected to cut rates by 25bps to 2.25%, and President Lagarde is expected to flag euro strength and US tariffs as key disinflationary risks, DBS' FX strategist Philip Wee notes.
Technical Analysis
EURUSD
Banks
USD: JPY weakens on trade deal optimism – MUFG
6 hours ago
USD: JPY weakens on trade deal optimism – MUFG
The US Dollar (USD) weakened into the close of trading on Wednesday but has rebounded helped in part by optimism over the pace in which the US might be willing to reach deals with key trading partners.
Technical Analysis
BOJ
USDJPY
Banks
DollarIndex
NZD: Renewed rise in inflation not a problem – Commerzbank
7 hours ago
NZD: Renewed rise in inflation not a problem – Commerzbank
In New Zealand, a CPI indicator is published every month, but these monthly figures only cover the prices of around 44% of the basket of goods and services, Commerzbank's FX analyst Volkmar Baur notes.
Technical Analysis
RBNZ
NewZealand
Banks
NZDUSD
AUD: Job market remains robust – Commerzbank
7 hours ago
AUD: Job market remains robust – Commerzbank
After losing 57,500 jobs in February, the Australian labour market rebounded slightly in March with 32,200 new jobs, Commerzbank's FX analyst Volkmar Baur notes.
Technical Analysis
Australia
RBA
Banks
AUDUSD
Pressure builds on EUR/CHF as key support level faces retest – Société Générale
7 hours ago
Pressure builds on EUR/CHF as key support level faces retest – Société Générale
EUR/CHF is clinging to key support at 0.9210, the lower boundary of its long-standing range. While the decline has paused, a clear move above the 200-DMA (0.9410/0.9430) is needed to confirm a short-term recovery.
Technical Analysis
EURCHF
USDCHF
Banks
Switzerland
CAD: Waiting for the tariff impact – Commerzbank
7 hours ago
CAD: Waiting for the tariff impact – Commerzbank
The Bank of Canada (BoC) decided yesterday to keep interest rates unchanged and stressed that it would wait to see the impact of the US tariffs.
Technical Analysis
Canada
BOC
USDCAD
Banks
Neither hard data nor a rather hawkish Powell are helping the US Dollar – Commerzbank
8 hours ago
Neither hard data nor a rather hawkish Powell are helping the US Dollar – Commerzbank
The US Dollar (USD) had another bad day on Wednesday, suffering several losses – EUR/USD even briefly traded above 1.14. However, this was not really due to the data, which was mixed at best.
Technical Analysis
EURUSD
Fed
Banks
DollarIndex
USD: Powell rejects rescuer role – ING
8 hours ago
USD: Powell rejects rescuer role – ING
Fed Chair Jerome Powell delivered the clearest message since 'liberation day' yesterday, which was unquestionably hawkish, ING's FX analyst Francesco Pesole notes.
Technical Analysis
Fed
Banks
DollarIndex
EUR: Consensus cut, no guidance by ECB – ING
8 hours ago
EUR: Consensus cut, no guidance by ECB – ING
We expect a 25bp rate cut by the ECB today. Consensus is unanimous, and markets are fully pricing in the move, so the impact on the euro may prove limited, ING's FX analyst Francesco Pesole notes.
Technical Analysis
EURUSD
Banks
GBP/JPY Price Analysis: Tests crucial resistance zone at nine-day EMA near 189.00
9 hours ago
GBP/JPY Price Analysis: Tests crucial resistance zone at nine-day EMA near 189.00
GBP/JPY recovers its recent losses from the previous session, trading around 188.90 during the early European hours on Thursday.
Crosses
Technical Analysis
GBPJPY
Gold Technical Analysis – The only game in town during stagflationary times
9 hours ago
Gold Technical Analysis – The only game in town during stagflationary times
Gold continues to surge to new all-time highs as traders can’t find any other shelter amid current uncertainty. What’s next?
NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood
11 hours ago
NZD/USD Price Forecast: Extends rejection slide from 50% Fibo.; drops to 0.5900 neighborhood
The NZD/USD pair retreats from the vicinity of mid-0.5900s, or a fresh year-to-date high touched during the Asian session this Thursday, in reaction to stronger-than-expected consumer inflation figures from New Zealand.
NZDUSD
CPI
RBNZ
Technical Analysis
Currencies
FX option expiries for 17 April 10am New York cut
12 hours ago
FX option expiries for 17 April 10am New York cut
A look at what is on the board for today
Gold price soars to fresh record high as trade tensions sink US Dollar
18 hours ago
Gold price soars to fresh record high as trade tensions sink US Dollar
Gold price extended its record streak for the third time in the week as the Greenback weakened due to tensions between China and the US related to trade policies. These tensions are increasing the appeal of safety assets like precious metals.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
19 hours ago
NZD/USD Price Analysis: Kiwi stretches gains near 0.59 but momentum signals caution
The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest gains and remained confined within a relatively tight range between 0.58865 and 0.59308, suggesting a steady bullish tone.
Technical Analysis
Currencies
Majors
NZDUSD
GBP/JPY Price Analysis: Bears extend control as Pound weakens near 188
20 hours ago
GBP/JPY Price Analysis: Bears extend control as Pound weakens near 188
The GBP/JPY pair continued to edge lower on Wednesday, falling toward the 188 zone and marking a daily decline of nearly 0.9%. The cross remains anchored near the bottom of its range between 187.668 and 189.664, reinforcing the weight of recent selling pressure.
Crosses
Technical Analysis
Currencies
GBPJPY
US stocks close lower but rally modestly into the close
20 hours ago
US stocks close lower but rally modestly into the close
NASDAQ index closes down -3.07%, but it was greater than -4% at one point
US stocks back under pressure
a day ago
US stocks back under pressure
Still above the lows but well below the highs
EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages
a day ago
EUR/JPY Price Analysis: Euro trades higher near 162 amid bullish moving averages
The EUR/JPY pair inched higher on Wednesday ahead of the Asian session, trading near the 162 area after a 0.29% daily gain.
Crosses
Technical Analysis
Currencies
EURJPY
Euro Trades Bullish
AUDUSD eyes key resistance at 0.6390, Upside breakout possible
a day ago
AUDUSD eyes key resistance at 0.6390, Upside breakout possible
AUDUSD testing resistance at 0.6390, break above could lead to gains towards 0.6428. Support seen at 0.6326-0.6340, downside potential to 100-day MA at 0.6289.
EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators
a day ago
EUR/GBP Price Analysis: Cross gains traction near 0.8600 despite neutral oscillators
The EUR/GBP pair extended its upside momentum during Wednesday’s session, climbing toward the 0.8600 area after a 0.45% daily gain.
Crosses
Technical Analysis
Currencies
EURGBP
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
a day ago
GBP/USD rises as UK inflation cools, BoE rate cut bets increase
The British Pound advanced during the North American session, posting soft gains of 0.14% against the Greenback as inflation slowed to its weakest level in three months. This adds to pressure on the Bank of England to reduce interest rates.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
USDCAD dips but does not run ahead of press conference
a day ago
USDCAD dips but does not run ahead of press conference
The price is below the 100-hour MA at 1.39114 but above the lows from this week
JPY climbs as trade talks begin in DC – Scotiabank
a day ago
JPY climbs as trade talks begin in DC – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD), holding mid-pack among G10 peers as markets eye Japan-US trade talks in Washington.
Technical Analysis
BOJ
Japan
USDJPY
Banks
EUR rises within range – Scotiabank
a day ago
EUR rises within range – Scotiabank
Euro (EUR) is up an impressive 0.7% against the US Dollar (USD) and recovering back toward the upper end of its four- session range, strengthening in tandem with its regional peers Swiss Franc (CHF) and Swedish Krona (SEK), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD regains some ground ahead of BoC policy decision – Scotiabank
a day ago
CAD regains some ground ahead of BoC policy decision – Scotiabank
The Canadian Dollar (CAD) lost ground yesterday after weaker than expected CPI data lifted market speculation that the BoC could cut interest rates at today’s policy decision (13:45 GMT), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP extends rally for seventh session – Scotiabank
a day ago
GBP extends rally for seventh session – Scotiabank
Pound Sterling (GBP) is up 0.3% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as it extends its gains for a seventh consecutive session and pushes toward its prior (September) highs around 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
USD: Trade tensions keep US markets on the defensive – Scotiabank
a day ago
USD: Trade tensions keep US markets on the defensive – Scotiabank
The USD is trading defensively this morning again, while US Treasurys are weaker (and underperforming) and US equity futures are softer. Global stocks are lower after the US government said it would require Nvidia to obtain a license to export one of its chips to China.
Technical Analysis
US Elections
Fed
Banks
DollarIndex
What technical levels are in play for the USDCAD through the BOC rate decision?
a day ago
What technical levels are in play for the USDCAD through the BOC rate decision?
The expectations are a toss-up which should give the USDCAD pair a shove one way or the other