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The USD is lower on concerns about Fed independence. EURUSD & GBPUSD break to 2025 highs
The USD is lower on concerns about Fed independence. EURUSD & GBPUSD break to 2025 highs
The video outlines the key technical levels in play for the EURUSD, USDJPY and GBPUSD
Gold retreats while Fed Powell and President Trump clash over interest rates
Gold retreats while Fed Powell and President Trump clash over interest rates
Gold is retreating on Thursday despite persistent US Dollar (USD) weakness as traders continue to favour risk assets.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR pushes to mid-1.17s – Scotiabank
EUR pushes to mid-1.17s – Scotiabank
The Euro (EUR) is strong, up 0.6% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness.
EURUSD
Banks
ECB
Fed
Technical Analysis
EUR/USD hits 1.17 as European optimism grows – Rabobank
EUR/USD hits 1.17 as European optimism grows – Rabobank
The break above EUR/USD1.17 today is further evidence of both USD weakness and the attractiveness of the European renaissance story, Rabobank's FX analyst Jane Foley reports.
Banks
EURUSD
Technical Analysis
USD/CNH: Chance of dipping below 7.1600 – UOB Group
USD/CNH: Chance of dipping below 7.1600 – UOB Group
Soft underlying tone suggests US Dollar (USD) could dip below 7.1600 against Chinese Yuan (CNH); the major support at 7.1450 is likely out of reach for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Rapid buildup in momentum suggests further USD declines – UOB Group
USD/JPY: Rapid buildup in momentum suggests further USD declines – UOB Group
Rapid buildup in momentum suggests further US Dollar (USD) declines that could potentially reach 144.25 against Japanese Yen (JPY). In the longer run, USD appears to have moved into a range trading phase between 143.50 and 146.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD/MXN downtrend set to resume – Société Générale
USD/MXN downtrend set to resume – Société Générale
USD/MXN remains under pressure after confirming a breakdown from a multi-month consolidation. With a rounding top in place and resistance capped at 19.44, the pair appears poised to resume its downtrend toward key support levels, Société Générale's FX analysts note.
USDMXN
Banks
Technical Analysis
Mexico
NZD/USD: Major resistance at 0.6090 is probably out of reach – UOB Group
NZD/USD: Major resistance at 0.6090 is probably out of reach – UOB Group
Further New Zealand Dollar (NZD) advance is likely against US Dollar (USD), but the major resistance at 0.6090 is probably out of reach.
NZDUSD
Banks
Technical Analysis
EUR/USD follows the trajectory markets saw in 2017-2018 – Société Générale
EUR/USD follows the trajectory markets saw in 2017-2018 – Société Générale
The US Presidential election race in 2016 brought President Trump to power on 8 November. EUR/USD opened at 1.09 that day and fell to a low of 1.03 amid the chaos of January 2017.
EURUSD
Technical Analysis
Banks
USD: Can data convert more hawks? – ING
USD: Can data convert more hawks? – ING
Pressure on the dollar has persisted as the combined effect of abating geopolitical risk and a dovish tilt by some Fed members keeps favouring short positions.
DollarIndex
Banks
Technical Analysis
Fed
AUD/USD: Set to test 0.6555 – UOB Group
AUD/USD: Set to test 0.6555 – UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6555 against US Dollar (USD); current momentum suggests a decisive break above this level is unlikely.
AUDUSD
Technical Analysis
Banks
USD/JPY: Bears need to break below 21, 50 DMAs – OCBC
USD/JPY: Bears need to break below 21, 50 DMAs – OCBC
USD/JPY saw a short squeeze yesterday before heading lower, tracking the broad decline in USD. Pair was last at 143.92 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
GBP/USD may potentially rise to 1.3750 – UOB Group
GBP/USD may potentially rise to 1.3750 – UOB Group
Momentum is increasing, and Pound Sterling (GBP) could strengthen toward 1.3720 against US Dollar (USD). In the longer run, outlook for GBP is positive; it may rise to 1.3720, potentially 1.3750, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
DXY: Fresh 2025 Low – OCBC
DXY: Fresh 2025 Low – OCBC
US Dollar (USD) continued to come under pressure on softer US housing data overnight and in reaction to report that Trump may consider nominating the next Fed Chair earlier around September or October. DXY was last seen at 97.20, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
EUR/USD: The level to monitor is 1.1730 – UOB Group
EUR/USD: The level to monitor is 1.1730 – UOB Group
Euro (EUR) may break above 1.1700, but it remains to be seen if it can maintain a foothold above this level. In the longer run, EUR could advance; the level to monitor is 1.1730, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
EUR/USD: The pair reclaims 1.17-handle – OCBC
EUR/USD: The pair reclaims 1.17-handle – OCBC
Euro (EUR) extended its run higher overnight, OCBC's FX analysts Frances Cheung and Christopher Wong note. Pair was last at 1.1732 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR/JPY Price Forecast: Moves below 168.00 toward nine-day EMA support
EUR/JPY Price Forecast: Moves below 168.00 toward nine-day EMA support
EUR/JPY retraces its recent gains registered in the previous session, trading around 168.90 during the European hours on Thursday.
EURJPY
Crosses
Technical Analysis
EUR: Speculation of 1.20 on the rise – ING
EUR: Speculation of 1.20 on the rise – ING
EUR/USD finally broke above the 1.163 area, and faces equally harsh resistance around 1.170, a crowded strike level for long-euro options, but now, EUR is above this level, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
EUR/USD: Is Powell going to become a 'lame duck' now? – Commerzbank
EUR/USD: Is Powell going to become a 'lame duck' now? – Commerzbank
Many years ago, EUR/USD was at 1.18, and that now, many years later, it is only a few cents lower, Commerzbank's FX analyst Michael Pfister notes.
Banks
Technical Analysis
EURUSD
DollarIndex
Fed
Silver Price Forecast: XAG/USD moves below $36.50, targets nine-day EMA support
Silver Price Forecast: XAG/USD moves below $36.50, targets nine-day EMA support
Silver price (XAG/USD) edges lower after registering nearly 1% in the previous day, trading around $36.40 per troy ounce during the early European hours on Thursday.
XAGUSD
Silver
Technical Analysis
Commodities
Metals
USDJPY Technical Analysis – Dovish bets on the Fed return
USDJPY Technical Analysis – Dovish bets on the Fed return
The USDJPY pair is rolling back towards the bottom of the range as the selling momentum in the US dollar accelerates
JPY
USD
GBP/JPY Price Forecast: Keeps bullish vibe, first upside target emerges near 198.50
GBP/JPY Price Forecast: Keeps bullish vibe, first upside target emerges near 198.50
The GBP/JPY cross attracts some sellers to near 197.85 during the early European session on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) amid the dovish remarks from the Bank of England (BoE).
GBPJPY
Crosses
Technical Analysis
Bullish
USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD
USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD
The USD/CNH pair attracts fresh sellers following the previous day's modest uptick and touches a fresh year-to-date low, around the 7.1525 area during the Asian session on Thursday. Moreover, a bearish technical setup backs the case for further near-term depreciation for spot prices.
USDCNY
Technical Analysis
Currencies
Nasdaq Technical Analysis Today with tradeCompass
Nasdaq Technical Analysis Today with tradeCompass
Bullish above 22,487 and bearish below 22,448. More importantly, see where to take partial profits and help your trading with the tradeCompass methodology principles.
TradeCompass
Nasdaq
Nasdaq Technical Analysis
AUD/JPY Price Forecast: Hovers around 94.50, finds initial support at nine-day EMA
AUD/JPY Price Forecast: Hovers around 94.50, finds initial support at nine-day EMA
AUD/JPY inches lower after registering over 0.50% gains in the previous session, trading around 94.50 during the Asian hours on Thursday.
AUDJPY
Technical Analysis
Crosses
NASDAQ Technical Analysis: Still Grinding Higher
NASDAQ Technical Analysis: Still Grinding Higher
See today's Nasdaq technical analysis video
Nasdaq
Nasdaq Technical Analysis
Stocks
FX option expiries for 26 June 10am New York cut
FX option expiries for 26 June 10am New York cut
A look at what is on the board for today
FX option expiries for 26 June 10am New York cut
FX option expiries for 26 June 10am New York cut
A look at what is on the board for today
Silver Price Forecast: XAG/USD climbs above $36.00 on weak US Dollar
Silver Price Forecast: XAG/USD climbs above $36.00 on weak US Dollar
Silver price advances by nearly 1% on Wednesday, as the US Dollar depreciates due to month-end flows, along with expectations of falling US Treasury yields. At the time of writing, XAG/USD trades at $36.25, after bouncing off daily lows of $35.68.
XAGUSD
Silver
Technical Analysis
Metals
EUR/USD hits 3-year high above 1.1650 as Fed cut bets grow, Dollar dives
EUR/USD hits 3-year high above 1.1650 as Fed cut bets grow, Dollar dives
EUR/USD rallied to its highest level since October 2021, above the 1.1650 level on Wednesday, driven by a risk-on mood sparked by the de-escalation of the Iran-Israel conflict and broad weakness in the US Dollar.
EURUSD
Technical Analysis
Fundamental Analysis
Majors
SEO
GBP/JPY trades near multi-month highs with bullish trend intact
GBP/JPY trades near multi-month highs with bullish trend intact
The British Pound (GBP) strengthens against the Japanese Yen (JPY) on Wednesday, extending its bullish momentum and briefly touching a fresh year-to-date high earlier in the session before paring back slightly.
GBPJPY
Crosses
Technical Analysis
Fundamental Analysis
Bullish
AUD/USD steadies as markets assess central bank policy and growth prospects
AUD/USD steadies as markets assess central bank policy and growth prospects
The Australian Dollar (AUD) is steadying against the US Dollar (USD), following a two-day rally that lifted AUD/USD back above 0.6500.
AUDUSD
Currencies
Fundamental Analysis
RBA
Technical Analysis
Gold steadies at $3,334 as Powell sticks to hawkish stance, US data weakens
Gold steadies at $3,334 as Powell sticks to hawkish stance, US data weakens
Gold prices remain steady during the North American session on Wednesday, rising over 0.30% as risk appetite improves due to the de-escalation and truce of the Israel-Iran conflict. Worse-than-expected housing data in the United States (US) could lead to actions by the Federal Reserve (Fed).
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
GBPUSD extends back above swing resistance – 2025 highs back in focus
GBPUSD extends back above swing resistance – 2025 highs back in focus
GBPUSD breaks above key resistance levels, bullish momentum back on track as it targets 2025 highs. Support zones hold firm, with focus now on surpassing 1.36477 to extend rally further.
GBP
USD
AUDUSD slips back below key moving average as sellers lean on resistance zone
AUDUSD slips back below key moving average as sellers lean on resistance zone
Can the sellers keep the downside pressure on the price for the AUDUSD
AUD
USD
NZDUSD holds above key moving averages but 0.6040 remains stubborn resistance
NZDUSD holds above key moving averages but 0.6040 remains stubborn resistance
NZDUSD buyers hold key support at 200-hour MA, but 0.6040 cap continues to limit upside breakout
NZD
USD
Silver Price Forecast: XAG/USD tests rising channel support, momentum indicators flash caution
Silver Price Forecast: XAG/USD tests rising channel support, momentum indicators flash caution
Silver (XAG/USD) is showing muted price action on Wednesday, slipping modestly lower but staying within Tuesday’s range. At the time of writing, the metal is trading around $35.75 during the American session, down roughly 0.46% on the day.
XAGUSD
Silver
Technical Analysis
Broker Rebates