Current news is English only but we will be adding multilingual news - check back soon.
USD/CNH is likely to trade in a range between 7.1760 and 7.1900 – Scotiabank
USD/CNH is likely to trade in a range between 7.1760 and 7.1900 – Scotiabank
US Dollar (USD) is likely to trade in a range between 7.1760 and 7.1900. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
Banks
Technical Analysis
USDCNH
USD/JPY: Chance for USD to test 148.80 – UOB Group
USD/JPY: Chance for USD to test 148.80 – UOB Group
There is a chance for USD to test 148.80; a sustained break above this level seems unlikely. In the longer run, rapid increase in momentum indicates USD could above 148.80, potentially reaching 149.20, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD to test 0.5800 before the risk of a recovery increases – UOB Group
NZD/USD to test 0.5800 before the risk of a recovery increases – UOB Group
There is a chance for New Zealand Dollar (NZD) to test 0.5800 before the risk of a recovery increases. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
EUR softens in response to Germany’s Q2 GDP disappointment – Scotiabank
EUR softens in response to Germany’s Q2 GDP disappointment – Scotiabank
The Euro (EUR) is down a marginal 0.1% against the US Dollar (USD) and trading defensively on the back of Germany’s final Q2 GDP disappointment, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EURUSD
Banks
ECB
Technical Analysis
GDP
AUD/USD: Below 0.6420, a move to 0.6375 can be expected – UOB Group
AUD/USD: Below 0.6420, a move to 0.6375 can be expected – UOB Group
The current price movements are likely part of a 0.6405/0.6435 consolidation phase. In the longer run, Australian Dollar (AUD) must first close below 0.6420 before a move to 0.6375 can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Banks
Technical Analysis
GBP/USD: Any decline is likely part of a lower range – UOB Group
GBP/USD: Any decline is likely part of a lower range – UOB Group
Pound Sterling (GBP) could continue to weaken; any decline is likely part of a lower range of 1.3395/1.3460. In the longer run, the outlook for GBP will turn negative if it breaks and closes below 1.3395, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
EUR/USD might potentially test 1.1575 – UOB Group
EUR/USD might potentially test 1.1575 – UOB Group
Euro (EUR) could drop below the 1.1595 support level, potentially testing 1.1575. In the longer run, downward momentum has increased further, but not significantly; for a continued decline, EUR must first close below 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
Foreign official holdings of Treasuries hit 2024 low – ING
Foreign official holdings of Treasuries hit 2024 low – ING
US Treasuries held in custody at the Fed for foreign institutions have fallen to their lowest levels this year, down $100bn since April. While structural demand supports the Treasury market, ongoing foreign central bank selling may weigh on the US Dollar (USD), ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
DollarIndex
UnitedStates
Fed
CHF: Expectations of a Swiss National Bank rate cut in September fade – ING
CHF: Expectations of a Swiss National Bank rate cut in September fade – ING
EUR/CHF is comfortably trading under 0.94 again as optimism over a Ukraine ceasefire fades, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
USDCHF
EURCHF
Switzerland
USD: All eyes on Powell at 16:00 CET – ING
USD: All eyes on Powell at 16:00 CET – ING
The dollar is doing a little better as investors re-adjust their pricing for the 17 September FOMC meeting. 10 days ago, the market priced a 27bp rate cut. Today, just an 18bp cut is priced in. This adjustment has provided a little support to the dollar.
DollarIndex
Banks
Fed
Technical Analysis
JPY: Sticky core inflation keeps an October BoJ hike in play – ING
JPY: Sticky core inflation keeps an October BoJ hike in play – ING
USD/JPY to be back pressing 146.00 ahead of the Fed meeting
USDJPY
Japan
Banks
BOJ
Technical Analysis
NZD/USD: Near oversold conditions – OCBC
NZD/USD: Near oversold conditions – OCBC
New Zealand Dollar (NZD) continued to trade with a heavy bias near recent low. Pair last seen at 0.5808 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZDUSD
Banks
Technical Analysis
EUR: Prospects on of any near-term improvement in Ukraine fade – ING
EUR: Prospects on of any near-term improvement in Ukraine fade – ING
EUR/USD is edging lower, driven both by the dollar and fading prospects of any near-term improvement in Ukraine, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
EUR/USD: 2-way trades are likely – OCBC
EUR/USD: 2-way trades are likely – OCBC
Euro (EUR) continued to trade subdued. Pair was last at 1.16 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
GBP/JPY Price Forecast: Hesitates around 199.00 in risk-off markets
GBP/JPY Price Forecast: Hesitates around 199.00 in risk-off markets
The Pound has returned above the 199.00 mark against the Japanese Yen after pulling back to 198..85 lows on the early European session.
GBPJPY
Currencies
Technical Analysis
Crosses
EUR/CAD Price Forecast: Showing signs of topping at 1.6190 YTD highs
EUR/CAD Price Forecast: Showing signs of topping at 1.6190 YTD highs
The Euro is losing momentum against the Canadian Dollar on Friday.
Technical Analysis
Crosses
EURCAD
Currencies
Silver Price Forecast: XAG/USD tests $38.00 support near nine-day EMA
Silver Price Forecast: XAG/USD tests $38.00 support near nine-day EMA
Silver price (XAG/USD) depreciates after two days of gains, trading around $38.10 per troy ounce during the European hours on Friday. The technical analysis of the daily chart suggests the price of the precious metal remains within a descending channel pattern, indicating a bearish bias is active.
XAGUSD
Silver
Technical Analysis
Commodities
Metals
AUD/JPY Price Forecast: Resumes upward journey above 100-day EMA near 95.50
AUD/JPY Price Forecast: Resumes upward journey above 100-day EMA near 95.50
The AUD/JPY cross attracts some buyers to around 95.45 during the early European session on Friday. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ) continues to drag the Japanese Yen (JPY) lower and acts as a tailwind for the cross. 
AUDJPY
Technical Analysis
Crosses
FX option expiries for 22 August 10am New York cut
FX option expiries for 22 August 10am New York cut
A look at what is on the board for today
Options
Forex
EUR/JPY Price Forecast: Holds above 172.00; bullish technical setup backs positive outlook
EUR/JPY Price Forecast: Holds above 172.00; bullish technical setup backs positive outlook
The EUR/JPY cross attracts some buyers for the second consecutive day on Friday as the uncertainty over the likely timing of the next rate hike by the Bank of Japan (BoJ) undermines the Japanese Yen (JPY).
EURJPY
BOJ
InterestRate
Technical Analysis
Currencies
Bullish
USD/CHF Price Forecast: Climbs above 20-day SMA, eyes on 0.81
USD/CHF Price Forecast: Climbs above 20-day SMA, eyes on 0.81
USD/CHF clears the 20-day SMA of 0.8076, rises over 0.56% sponsored by mixed economic data in the US that triggered a reaction by investors, who trimmed dovish Fed bets for the upcoming September meeting. The pair trades at 0.8087, about to crack the 0.81 handle.
Technical Analysis
USDCHF
Currencies
EUR/USD retreats as strong US PMI lifts Dollar, Powell in focus
EUR/USD retreats as strong US PMI lifts Dollar, Powell in focus
EUR/USD retreats some 0.40% during the North American session as the Greenback posts solid gains following the release of economic data from the United States (US).
EURUSD
Fundamental Analysis
Technical Analysis
SEO
Fed
GBPUSD Technicals: The GBPUSD fell to the 100 day MA target and found willing buyers
GBPUSD Technicals: The GBPUSD fell to the 100 day MA target and found willing buyers
The 100 day MA comes in at 1.34078 and represents a key barometer for both buyers and sellers
Gold price slips as markets eye Powell at Jackson Hole
Gold price slips as markets eye Powell at Jackson Hole
Gold price retreats slightly on Thursday following the release of mixed data from the United States (US) as traders brace for the Jackson Hole Symposium, waiting for the Federal Reserve’s (Fed) Chair Jerome Powell's speech on Friday.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
Silver Price Forecast: XAG/USD climbs for second day, eyes breakout above triangle barrier
Silver Price Forecast: XAG/USD climbs for second day, eyes breakout above triangle barrier
Silver (XAG/USD) extends its rebound for a second consecutive day on Thursday, although upside could be limited by a stronger US Dollar (USD) and firm Treasury yields.
Silver
XAGUSD
Technical Analysis
GBP/JPY climbs as strong UK Services PMI lifts Pound
GBP/JPY climbs as strong UK Services PMI lifts Pound
that
GBPJPY
Technical Analysis
Fundamental Analysis
Crosses
The USD is moving higher after flash PMI and home sales beat expectations
The USD is moving higher after flash PMI and home sales beat expectations
USD rises after data beat expectations, reducing odds of rate cut. Powell to speak tomorrow. EURUSD targets 1.16098. GBPUSD eyes 100-day MA. USDJPY rebounds on strong data.
The ups and downs continue in currency markets as all eyes are on the Fed chair tomorrow
The ups and downs continue in currency markets as all eyes are on the Fed chair tomorrow
What are the technicals that are driving the major currency pairs to kickstart the US trading day
USD/CAD Price Forecast: Testing key resistance at the 1.3880 area  
USD/CAD Price Forecast: Testing key resistance at the 1.3880 area  
The US Dollar trades higher for the fourth consecutive day against its Canadian Counterpart on Thursday, with bulls pushing against three-month highs at the 1.3880 area, ahead of US preliminary PMI figures due later on Thursday and, more importantly, Fed Chair Powell’s speech on Friday.Business acti
USDCAD
Currencies
Technical Analysis
USD/CNH: Likely to trade in a range of 7.1760/7.1890 – UOB Group
USD/CNH: Likely to trade in a range of 7.1760/7.1890 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1760/7.1890. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to trade in a range between 146.90 and 147.90 – UOB Group
USD/JPY: Likely to trade in a range between 146.90 and 147.90 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.90 and 147.90. In the longer run, a narrower range of 146.50/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach – UOB Group
NZD/USD: Oversold conditions suggest 0.5795 is likely out of reach – UOB Group
Scope for New Zealand Dollar (NZD) to weaken further; oversold conditions suggest 0.5795 is unlikely to come under threat. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Unlikely to weaken much further – UOB Group
AUD/USD: Unlikely to weaken much further – UOB Group
Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
GBP/USD: Risk is still tilted to the downside – UOB Group
GBP/USD: Risk is still tilted to the downside – UOB Group
Price action remains soft, and the risk is still tilted to the downside; the major support is probably out of reach for now. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
GBPUSD
EUR/GBP fails to clear key resistance – Société Générale
EUR/GBP fails to clear key resistance – Société Générale
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.
EURGBP
Technical Analysis
Banks
EUR/USD: Likely to trade in a range between 1.1630 and 1.1680 – UOB Group
EUR/USD: Likely to trade in a range between 1.1630 and 1.1680 – UOB Group
Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
GBP/JPY Price Forecast: Refreshes daily peak, around 198.80 after UK PMIs
GBP/JPY Price Forecast: Refreshes daily peak, around 198.80 after UK PMIs
The GBP/JPY cross regains positive traction on Thursday and moves away from a nearly two-week low, around the 197.85 area touched the previous day.
GBPJPY
PMI
Technical Analysis
Crosses
Currencies
Broker Rebates