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Silver Price Forecast: XAG/USD edges above $38.00 as bulls await catalyst
Silver Price Forecast: XAG/USD edges above $38.00 as bulls await catalyst
Silver price advanced on Thursday, 0.55% as the Greenback posted solid gains during the North American session, even though Wall Street finished the session with gains.
Technical Analysis
XAGUSD
Silver
Metals
EUR/USD tumbles as upbeat US prints, evaporate Fed cuts hopes
EUR/USD tumbles as upbeat US prints, evaporate Fed cuts hopes
EUR/USD tumbles during the North American session, down 0.38% following the release of economic data from the United States (US), which triggered a reaction by investors, who trimmed their bets that the Federal Reserve (Fed) will cut interest rates.
EURUSD
Majors
Technical Analysis
Fundamental Analysis
Currencies
GBP/USD Price Forecast: Sellers dominate but a Doji candle hints at indecision
GBP/USD Price Forecast: Sellers dominate but a Doji candle hints at indecision
GBP/USD is at a technical inflection point, a battleground between weakening bullish momentum and growing bearish pressure.
GBPUSD
Technical Analysis
Currencies
ChartPatterns
Gold drops as hot US data supports Fed hold outlook
Gold drops as hot US data supports Fed hold outlook
Gold price dropped by over 0.26% during the North American session on Thursday, trimming some of its earlier losses of nearly 1%.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
GBP/JPY rises on weak Japanese trade data, CPI in focus
GBP/JPY rises on weak Japanese trade data, CPI in focus
The British Pound (GBP) gains positive traction against the Japanese Yen (JPY) on Thursday as sentiment surrounding the Yen remains fragile following Japan's disappointing Trade Balance data.
GBPJPY
Crosses
Fundamental Analysis
Technical Analysis
AUD/USD slides as weak Australian jobs data meets robust US retail sales
AUD/USD slides as weak Australian jobs data meets robust US retail sales
The Australian Dollar (AUD) is weakening against the US Dollar (USD) on Thursday after employment data from Australia reflected a slowdown in the labour market. Meanwhile, US Retail Sales data surprised to the upside, reflecting an increase in consumer spending in June.
AUDUSD
Fundamental Analysis
Technical Analysis
Macroeconomics
Majors
GBP/USD slips on robust US data as Fed rate cut odds fade
GBP/USD slips on robust US data as Fed rate cut odds fade
GBP/USD drops during the North American session on Thursday. The pair edged down 0.07% following the release of strong US economic data, which boosted the US Dollar (USD) and pushed it to a new July high as it recovers some ground at the beginning of the second half of the month.
GBPUSD
Majors
Technical Analysis
Fundamental Analysis
Currencies
EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown
EUR/CHF Price Forecast: Euro stabilizes above 0.9300 as bears fails to trigger a breakdown
EUR/CHF is holding firm above 0.9300 on Thursday, with the pair attempting to rebound from the lower boundary of its multi-week consolidation zone.
EURCHF
Technical Analysis
USDCAD bulls lose steam near major resistance. What next?
USDCAD bulls lose steam near major resistance. What next?
Pair pulls back after testing key resistance at 1.3777. A break below 1.3749 could see more corrective action
USDCAD bulls lose steam near major resistance. What next?
USDCAD bulls lose steam near major resistance. What next?
Pair pulls back after testing key resistance at 1.3777. A break below 1.3749 could see more corrective action
USD/JPY climbs as resilient Retail Sales beats estimates with Fed comments in focus
USD/JPY climbs as resilient Retail Sales beats estimates with Fed comments in focus
The US Dollar (USD) is gaining renewed momentum against the Japanese Yen (JPY), with central bank divergence continuing to serve as a key driver for the USD/JPY pair.
USDJPY
Majors
Macroeconomics
Fundamental Analysis
Technical Analysis
USDCHF buyers try to seize control, but key hurdles remain
USDCHF buyers try to seize control, but key hurdles remain
Break above swing zone gives bulls a shot, but 200-bar MA and 38.2% retracement still stand in the way
USDCHF buyers try to seize control, but key hurdles remain
USDCHF buyers try to seize control, but key hurdles remain
Break above swing zone gives bulls a shot, but 200-bar MA and 38.2% retracement still stand in the way
Silver Price Forecast: XAG/USD drifts lower after strong US Retail Sales data
Silver Price Forecast: XAG/USD drifts lower after strong US Retail Sales data
Silver (XAG/USD) is edging lower on Thursday, trading around $37.57 after logging a modest gain of nearly 0.56% on Wednesday. The metal remains elevated after marking a 14-year high of $39.13 earlier this week, but momentum has cooled as the price consolidates just below that peak.
Silver
XAGUSD
Technical Analysis
The USD is higher vs the major currencies to start the US trading day
The USD is higher vs the major currencies to start the US trading day
Initial claims, retail sales, Philly Fed, and import/export prices due at 8:30 AM ET
The USD is higher vs the major currencies to start the US trading day
The USD is higher vs the major currencies to start the US trading day
Initial claims, retail sales, Philly Fed, and import/export prices due at 8:30 AM ET
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320 
Gold Price Forecast: XAU/USD approaches weekly lows at $3,320 
Gold (XAU/USD) is trading lower on Thursday, weighed by a stronger US Dollar, with risk appetite subdued amid ongoing uncertainty about global trade and rumours about the resignation of the Fed Chair Jerome Powell.The precious metal retreats from Monday’s highs at $3,375, but price action remains co
XAUUSD
Gold
Metals
Commodities
Technical Analysis
NZD: Signs of a resurgence in inflation – Commerzbank
NZD: Signs of a resurgence in inflation – Commerzbank
Prices are rising faster again in New Zealand, Commerzbank's FX analyst Volkmar Baur notes.
NZDUSD
Banks
NewZealand
RBNZ
Technical Analysis
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 – UOB Group
USD/CNH: Likely to trade in a range between 7.1700 and 7.1920 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.1700 and 7.1920 against Chinese Yuan (CNH). In the longer run, USD is expected to trade in a range between 7.1550 and 7.1920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
AUD: Cooling off or taking a breather? – Commerzbank
AUD: Cooling off or taking a breather? – Commerzbank
The Australian labour market appears to be cooling somewhat, which could give the Reserve Bank of Australia room to cut key interest rates again in August, Commerzbank's FX analyst Volkmar Baur notes.
AUDUSD
Banks
RBA
Technical Analysis
Australia
USD/JPY: Likely to trade between 147.50 and 148.80 – UOB Group
USD/JPY: Likely to trade between 147.50 and 148.80 – UOB Group
Sharp fluctuations have resulted in a mixed outlook; US Dollar (USD) could continue to fluctuate against Japanese Yen (JPY), likely between 147.50 and 148.80.
USDJPY
Technical Analysis
Banks
USD: Trump's rollercoaster ride – Commerzbank
USD: Trump's rollercoaster ride – Commerzbank
Things got really exciting again yesterday afternoon. First, a major US media outlet reported that Donald Trump had told Republican lawmakers that he was going to fire Federal Reserve Chairman Jerome Powell.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
NZD/USD: Likely to stay within the range of 0.5914/0.5969 – UOB Group
NZD/USD: Likely to stay within the range of 0.5914/0.5969 – UOB Group
New Zealand Dollar (NZD) could remain volatile against US Dollar (USD), but it is likely to stay within yesterday’s range of 0.5914/0.5969.
NZDUSD
Technical Analysis
Banks
EUR/GBP breakout signals Fresh upside – Société Générale
EUR/GBP breakout signals Fresh upside – Société Générale
EUR/GBP has broken out of its recent consolidation range, confirming renewed bullish momentum. With technical indicators supportive, the pair now targets higher levels, provided key support at 0.8585 holds, Société Générale's FX analysts note.
EURGBP
Technical Analysis
Banks
USD/JPY: Election risks dominate sentiments – OCBC
USD/JPY: Election risks dominate sentiments – OCBC
Recent poll by Nikkei, Kyodo, Asahi shows LDP-Komeito coalition is at risk of losing Upper House election. USD/JPY last seen at 148.67, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
Japan
BOJ
USD: Focus returns to macro after Powell scare – ING
USD: Focus returns to macro after Powell scare – ING
What are the market implications of a potential early departure of Fed Chair Powell? It's an unlikely scenario, but for an hour Wednesday afternoon it appeared very real.
DollarIndex
Banks
Technical Analysis
Fed
DXY: 50-DMA an interim top? – OCBC
DXY: 50-DMA an interim top? – OCBC
US Dollar (USD) had its choppy momentum overnight following reports that President Trump had considered dismissing Fed Chair Powell – though these claims were later denied by the man himself. DXY was last at 98.68 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
AUD/USD: Resistance levels are at 0.6530 and 0.6550 – UOB Group
AUD/USD: Resistance levels are at 0.6530 and 0.6550 – UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6480 against US Dollar (USD). In the longer run, there has been a tentative buildup in momentum; AUD is likely to edge lower to 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Levels
GBP: May's job drop heavily revised – ING
GBP: May's job drop heavily revised – ING
Last month, a surprise 109k fall in May UK payrolls opened the discussion on whether the Bank of England had to accelerate easing, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
GBP/USD: View is still negative – UOB Group
GBP/USD: View is still negative – UOB Group
The current price movements are likely part of a 1.3360/1.3460 consolidation phase. In the longer run, GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
AUD/USD: Corrective pullback on the daily chart – OCBC
AUD/USD: Corrective pullback on the daily chart – OCBC
Australian Dollar (AUD) slipped amid downside surprise to labour market data – from multiple aspects. AUD was last at 0.6472, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUDUSD
Banks
Technical Analysis
EUR/USD: Likely to trade between 1.1580 and 1.1680 – UOB Group
EUR/USD: Likely to trade between 1.1580 and 1.1680 – UOB Group
Euro (EUR) is likely to trade between 1.1580 and 1.1680 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR/USD: French budget may weigh on the Euro – OCBC
EUR/USD: French budget may weigh on the Euro – OCBC
Euro (EUR) continued to stay under pressure and fell amid broad US Dollar (USD) strength. Pair was last at 1.1600, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
EUR: EU budget has long-term EUR implications – ING
EUR: EU budget has long-term EUR implications – ING
Aside from the very brief spike induced by Powell removal speculation yesterday, EUR/USD looks rather comfortable trading in the low 1.16s.
EURUSD
Banks
Technical Analysis
Gold Technical Analysis – The rangebound price action continues
Gold Technical Analysis – The rangebound price action continues
Gold continues to lean on the major trendline as the lower than expected inflation data didn’t offer any support
Gold Technical Analysis – The rangebound price action continues
Gold Technical Analysis – The rangebound price action continues
Gold continues to lean on the major trendline as the lower than expected inflation data didn’t offer any support
Silver Price Forecast: XAG/USD holds near $38.00 as bullish momentum builds
Silver Price Forecast: XAG/USD holds near $38.00 as bullish momentum builds
Silver price advances as Thursday’s North American session begins, up by 0.07% after printing gains of over 0.50% on Wednesday, courtesy of weaker-than-expected data that pushed precious metals higher. At the time of writing, XAG/USD is trading at $37.90, which is below the $38.00 figure.
Technical Analysis
XAGUSD
Silver
Metals
Bullish
EUR/USD rebounds as Trump threatens Fed’s independence, soft PPI weighs on USD
EUR/USD rebounds as Trump threatens Fed’s independence, soft PPI weighs on USD
The EUR/USD holds to earlier gains of 0.25% on Wednesday after US President Donald Trump threatened to remove the Federal Reserve (Fed) Chair Jerome Powell. This, along with a softer-than-expected inflation report on the producer side, capped the Euro’s advance versus the US Dollar.
EURUSD
Technical Analysis
Fundamental Analysis
Fed
SEO
Broker Rebates