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Silver Price Forecast: XAG/USD steadies after three-day decline
Silver Price Forecast: XAG/USD steadies after three-day decline
Silver (XAG/USD) is holding firm on Thursday after a strong start to the day, recovering from a three-day losing streak as market sentiment turns cautious once again.
XAGUSD
Technical Analysis
Silver
Gold clings to gains on trade uncertainty but US bond yields limit upside
Gold clings to gains on trade uncertainty but US bond yields limit upside
Gold (XAU/USD) is ticking up slightly on Thursday, benefiting from escalating global trade tensions as recent tariff announcements from US President Trump have rekindled investors' appetite for bullion as a traditional safe-haven asset.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
US Dollar holds ground amid Trump’s tariff threats, strong Jobs data
US Dollar holds ground amid Trump’s tariff threats, strong Jobs data
The US Dollar (USD) holds its footing on Thursday after a weak start to the day, as investors digest fresh tariff threats from US President Donald Trump.
DollarIndex
TradeWar
Technical Analysis
Fed
CAD is little changed on the day – Scotiabank
CAD is little changed on the day – Scotiabank
The Canadian Dollar (CAD) remains range-bound but has made a little progress overnight, reflecting the generally softer US Dollar (USD) undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USDCAD
Banks
Canada
BOC
Technical Analysis
Gold Price Forecast: XAU/USD is testing trendline resistance at $3,325
Gold Price Forecast: XAU/USD is testing trendline resistance at $3,325
Gold (XAU/USD) found buyers right below the $3,300 level on Wednesday to regain some of the ground lost over the previous days.
Gold
XAUUSD
Metals
Technical Analysis
USD/CNH: Chance of edging lower and testing 7.1720 – UOB Group
USD/CNH: Chance of edging lower and testing 7.1720 – UOB Group
Softening underlying tone may lead to US Dollar (USD) edging lower and testing 7.1720 against Chinese Yuan (CNH). In the longer run, increasing momentum suggests USD may rise, but it is too early to expect 7.2000 to come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Scope to extend to 145.60 before stabilisation – UOB Group
USD/JPY: Scope to extend to 145.60 before stabilisation – UOB Group
Pullback in US Dollar (USD) has scope to extend to 145.60 before stabilisation is likely against Japanese Yen (JPY); strong support at 145.20 is unlikely to come under threat.
USDJPY
Banks
Technical Analysis
NZD/USD: Price action indicates that further NZD weakness is likely – UOB Group
NZD/USD: Price action indicates that further NZD weakness is likely – UOB Group
New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5980 and 0.6020. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Momentum buildup is fading – UOB Group
AUD/USD: Momentum buildup is fading – UOB Group
Further consolidation in Australian Dollar (AUD) still seems likely against US Dollar (USD), probably between 0.6505 and 0.6555.
AUDUSD
Technical Analysis
Banks
USD/JPY eyes key 148 resistance – Société Générale
USD/JPY eyes key 148 resistance – Société Générale
USD/JPY has rebounded after defending its May low of 142.10, with daily MACD momentum turning positive and suggesting a recovery phase. The pair may now test the critical resistance zone at 148/148.65, while 144.20 serves as nearby support, Société Générale's FX analysts note.
USDJPY
Banks
Technical Analysis
S&P 500 Technical Analysis – Awaiting the US CPI for the next major move
S&P 500 Technical Analysis – Awaiting the US CPI for the next major move
The path of least resistance for the S&P 500 remains to the upside but traders look forward to the US CPI report as it could trigger some big moves in the market
S&P Futures Technical Analysis
GBP/USD: Likely to trade in a sideways range of 1.3570/1.3635 – UOB Group
GBP/USD: Likely to trade in a sideways range of 1.3570/1.3635 – UOB Group
Momentum indicators are still mostly flat; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3570/1.3635 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
USD: Could the USD come out stronger amid the tariff noise? – ING
USD: Could the USD come out stronger amid the tariff noise? – ING
Trump’s letters to trading partners are so far primarily affecting local markets, rather than the broader market. Yesterday’s surprise 50% tariff announcement on Brazil has triggered a major BRL selloff.
Banks
DollarIndex
Technical Analysis
EUR/JPY Price Forecast: Maintains position above 171.50, targets fresh one-year highs
EUR/JPY Price Forecast: Maintains position above 171.50, targets fresh one-year highs
EUR/JPY edges higher after registering losses in the previous session, trading around 171.60 during the European hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
EUR/USD: Any advance is likely part of a higher range of 1.1700/1.1755 – UOB Group
EUR/USD: Any advance is likely part of a higher range of 1.1700/1.1755 – UOB Group
Euro (EUR) could edge higher against US Dollar (USD); any advance is likely part of a higher range of 1.1700/1.1755. In the longer run, no change in view; there is still a chance (albeit a limited one) for EUR to pull back to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR: Volatility declining ahead of EU-US deal – ING
EUR: Volatility declining ahead of EU-US deal – ING
EUR/USD 1-week historical volatility is back below 7.0, confirming markets' extra caution in dealing with Trump’s tariff announcements. By comparison, this peaked at 20 in April, and was above 9.0 only a couple of weeks ago, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
EUR/USD extends losses with markets cautious amid high trade uncertainty
EUR/USD extends losses with markets cautious amid high trade uncertainty
The EUR/USD pair has been unable to hold gains and trades with minor losses ahead of the US session opening.
EURUSD
Technical Analysis
Fundamental Analysis
Currencies
SEO
USDJPY Technical Analysis – The JPY needs positive news on the trade front
USDJPY Technical Analysis – The JPY needs positive news on the trade front
The USDJPY pair remains skewed to the upside as lack of progress on US-Japan trade deal continues to weigh on the yen. What’s next?
JPY
USD
NZD/USD Price Forecast: Retains bullish bias above 0.6000 above the 100-day EMA
NZD/USD Price Forecast: Retains bullish bias above 0.6000 above the 100-day EMA
The NZD/USD pair attracts some buyers near 0.6010 during the early European session on Thursday, bolstered by a softer US Dollar (USD). The US weekly Initial Jobless Claims will be in the spotlight later on Thursday.
NZDUSD
Technical Analysis
Majors
Bullish
GBP/JPY Price Forecast: Seems poised to retest YTD peak, near 200.00 mark
GBP/JPY Price Forecast: Seems poised to retest YTD peak, near 200.00 mark
The GBP/JPY cross attracts some dip-buyers near the 198.40-198.35 region during the Asian session on Thursday and stalls a modest corrective pullback from a one-year high touched the previous day.
GBPJPY
Crosses
Technical Analysis
Currencies
FX option expiries for 10 July 10am New York cut
FX option expiries for 10 July 10am New York cut
A look at what is on the board for today
FX option expiries for 10 July 10am New York cut
FX option expiries for 10 July 10am New York cut
A look at what is on the board for today
Silver consolidates near 20-day SMA following Fed minutes
Silver consolidates near 20-day SMA following Fed minutes
Silver price registered losses of over 1% on Wednesday after the US Federal Reserve (Fed) unveiled its June meeting minutes, hinting that policymakers are eyeing just one interest rate cut, instead of the two priced in by investors. Although the Greenback was unchanged, the grey metal tumbled.
Technical Analysis
Silver
XAGUSD
Metals
EUR/USD steady at 1.1715 after dovish FOMC minutes and tariff tensions
EUR/USD steady at 1.1715 after dovish FOMC minutes and tariff tensions
The EUR/USD finished Wednesday’s session with decent gains of over 0.17% after the Federal Open Market Committee (FOMC) released its June monetary policy meeting minutes, which showed that some officials are eyeing at least one interest rate cut.
EURUSD
Fed
Majors
Technical Analysis
SEO
Gold rallies as market sniffs Fed pivt next year, US yields slip
Gold rallies as market sniffs Fed pivt next year, US yields slip
Gold price registers decent gains on Wednesday as US Treasury yields recede, even though the Greenback trades solidly against its peers. Trade developments continued to dictate the market’s direction, while the latest minutes indicate that officials are still considering a rate cut in 2025.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
AUD/USD firms as traders digest latest tariff headlines and Fed Minutes
AUD/USD firms as traders digest latest tariff headlines and Fed Minutes
The Australian Dollar (AUD) is trading in a well-defined range against its US Dollar (USD) counterpart on Wednesday, as markets digest the latest Fed Minutes and fresh tariff-related headlines.
AUDUSD
Fundamental Analysis
Technical Analysis
Fed
Macroeconomics
GBP/JPY retreats from near one-year highs as Yen regains ground
GBP/JPY retreats from near one-year highs as Yen regains ground
The British Pound (GBP) eases slightly against the Japanese Yen (JPY) on Wednesday, retreating after rising to 199.83 — its highest level since late July 2024.
GBPJPY
Crosses
Technical Analysis
NZDUSD trades between key retracement levels as sellers maintain control
NZDUSD trades between key retracement levels as sellers maintain control
The RBNZ keeps rates unchanged but keeps the door open for further cuts.
EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
EUR/GBP declines as Pound strengthens on UK-US trade deal, EU faces higher tariffs
The EUR/GBP tumbles during the North American session, down by a 0.18% as risk appetite improved due to most US equity indices registering gains as traders brace for the release of the latest Federal Reserve monetary policy meeting minutes. At the time of writing, the cross trades at 0.8622.
Fundamental Analysis
EURGBP
Technical Analysis
USDJPY moves lower and back toward swing area support
USDJPY moves lower and back toward swing area support
The price backs off from a higher swing area between 147.01 to 147.34.
JPY
USD
EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
EUR/USD stalls ahead of Fed Minutes and major US Treasury auction
The Euro (EUR) is trading flat against the US Dollar (USD) on Wednesday as investors turn cautious ahead of key US economic events.
EURUSD
Fundamental Analysis
Technical Analysis
Fed
GBPUSD stuck between key technical levels as traders await next move
GBPUSD stuck between key technical levels as traders await next move
1.3561 support holds again while 100-hour MA caps upside at 1.3620
USDCHF moves to new lows. Test hourly MAs. Key decision point for buyers and sellers
USDCHF moves to new lows. Test hourly MAs. Key decision point for buyers and sellers
The price is below the 100-hour MA at 0.79568, and testing the 200-hour moving average at 0.7948
CHF
USD
EUR/JPY retreats from YTD high amid trade tensions and overbought signals
EUR/JPY retreats from YTD high amid trade tensions and overbought signals
The Euro (EUR) is slipping against the Japanese Yen (JPY), easing from its recent year-to-date high of 172.28 reached on Wednesday amid fresh concerns over potential US tariffs targeting Japan.
EURJPY
Technical Analysis
Fundamental Analysis
Japan
Eurozone
Silver Price Forecast: XAG/USD falls for third straight day, pressured by firm US Dollar
Silver Price Forecast: XAG/USD falls for third straight day, pressured by firm US Dollar
Silver (XAG/USD) is trading near $36.40 on Wednesday, marking its third consecutive daily decline, as a stronger US Dollar and rising US Treasury yields continue to pressure precious metals.
XAGUSD
Technical Analysis
The USD is little changed to start the new trading day.
The USD is little changed to start the new trading day.
The RBNZ kept rates unchanged. The US treasury will auction 10 year notes and wholesale inventories are on the schedule today. US tariff news remains to be awaited.
GBP quiet ahead of data highlights later in week – Scotiabank
GBP quiet ahead of data highlights later in week – Scotiabank
The Pound Sterling (GBP) is entering Wednesday’s NA session unchanged vs. the US Dollar (USD), with limited overnight movement reflecting the absence of any major data releases, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
Technical Analysis
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