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Gold climbs above $3,300 amid growing fears on US debt and geopolitics
Gold climbs above $3,300 amid growing fears on US debt and geopolitics
Gold prices advance by over 0.50% and remain above the $3,300 mark as traders grow increasingly nervous about the United States (US) tax bill vote, along with escalating tensions in the Middle East. XAU/USD trades at $3,317 after bouncing off a daily low of $3,285.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
USDCAD pushes to new lows. Now down -0.70% on the day
USDCAD pushes to new lows. Now down -0.70% on the day
USDCAD extends decline, breaking key support levels, eyes on 2025 lows. Bearish bias persists below 1.3860.
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt
GBP/USD soars to new yearly high as UK inflation surges, BoE rate cuts in doubt
The Pound Sterling (GBP) rose to a new year-to-date (YTD) high of 1.3468 against the US Dollar (USD) on Wednesday as United Kingdom (UK) inflation rose, drifting away from the Bank of England's (BoE) 2% target, which had led to interest rate reductions earlier in the month.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Currencies
GBPUSD stretches back to the old highs from 2024 and 2025
GBPUSD stretches back to the old highs from 2024 and 2025
The highs were broken earlier but failed after reaching a new high going back to 2022 at 1.34695
USDCAD trades to new lows.  Eyes support at 1.38607
USDCAD trades to new lows. Eyes support at 1.38607
A break below 1.38607 gives sellers more control. Swing area between 1.38917 to 1.3904 is close risk now.
USDCHF Technical Outlook: Price bounces off swing area target.
USDCHF Technical Outlook: Price bounces off swing area target.
Another swing area, resistance eyed at 0.8272–0.8280
The GBPUSD moved up-and-down after stronger CPI. What are the charts telling traders?
The GBPUSD moved up-and-down after stronger CPI. What are the charts telling traders?
In the kickstart video, I take a look at the EURUSD, USDJPY and GBPUSD from a technical perspective
JPY showing impressive gains vs. USD – Scotiabank
JPY showing impressive gains vs. USD – Scotiabank
Japanese Yen (JPY) is entering Wednesday’s NA session with an impressive 0.4% gain vs. the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Japan
Technical Analysis
BOJ
GBP trades to fresh multi-year high – Scotiabank
GBP trades to fresh multi-year high – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session with a 0.1% gain again the US Dollar (USD) but losses against most of the remaining G10 currencies, trading erratically in response to the release of stronger than expected inflation data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
AUD/USD: Break-out soon? – OCBC
AUD/USD: Break-out soon? – OCBC
Australian Dollar (AUD) fell post-dovish RBA yesterday. AUD last at 0.6445 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUDUSD
Banks
Technical Analysis
USD, Treasuries and US equity futures weaken – Scotiabank
USD, Treasuries and US equity futures weaken – Scotiabank
The US Dollar (USD) is trading weaker on the session. It’s another one of those uncomfortable 'sell everything' days for the US.
DollarIndex
Banks
Technical Analysis
Fed
USD/JPY extends its decline – OCBC
USD/JPY extends its decline – OCBC
USD/JPY extended its decline following the broad decline in USD. USD/JPY was last at 143.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank
Yesterday’s hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
Technical Analysis
BOC
Canada
DXY: Bias to sell rallies – OCBC
DXY: Bias to sell rallies – OCBC
US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
EUR strengthens as policymakers speak to end of ECB easing cycle – Scotiabank
EUR strengthens as policymakers speak to end of ECB easing cycle – Scotiabank
Euro (EUR) is up 0.5% vs. the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
USD/CNH: Likely to trade in a 7.1850/7.2450 range – UOB Group
USD/CNH: Likely to trade in a 7.1850/7.2450 range – UOB Group
Downward momentum has largely faded; US Dollar (USD) is likely to trade in a 7.1850/7.2450 range for now against Chinese Yuan (CNH), UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
Mexican Peso slides against the Greenback on the fate of the “Big Beautiful Bill”
Mexican Peso slides against the Greenback on the fate of the “Big Beautiful Bill”
The Mexican Peso (MXN) and the US Dollar (USD) have been anxiously waiting for the release of crucial economic data and remarks from policymakers in anticipation of the next big move.
USDMXN
Technical Analysis
Fundamental Analysis
USD/JPY: Bias for USD is on the downside – UOB Group
USD/JPY: Bias for USD is on the downside – UOB Group
There is scope for US Dollar (USD) to edge lower to 143.80 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, the bias for USD is on the downside toward 143.80, potentially to 143.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
Lagarde is positive on the strong Euro – Commerzbank
Lagarde is positive on the strong Euro – Commerzbank
News of a potential Israeli attack on Iran's nuclear facilities is causing EUR/USD to rise this morning and shows that the euro is currently still favored as a safe haven against the dollar. However, this does not seem to be a problem, at least for the ECB.
EURUSD
Banks
Technical Analysis
ECB
NZD/USD: Outlook remains mixed – UOB Group
NZD/USD: Outlook remains mixed – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5905/0.5945 against the US Dollar (USD). In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 – UOB Group
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 – UOB Group
Australian Dollar (AUD) is likely to trade in a sideways range of 0.6400/0.6450 vs US Dollar (USD). In the longer run, outlook is mixed; AUD is likely to trade in a range between 0.6370 and 0.6480, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD: Hoping for some positive headlines from Canada – ING
USD: Hoping for some positive headlines from Canada – ING
Periods of data silence often serve as a useful gauge of the market’s underlying bias in FX.
Banks
Technical Analysis
USDCAD
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver (XAG/USD) reverses an intraday dip to the $33.00 neighborhood and climbs to over a one-week high during the first half of the European session on Wednesday. The white metal currently trades around the $33.15-$33.20 region, up 0.20% for the day, and seems poised to appreciate further.
Silver
Commodities
Technical Analysis
XAGUSD
GBP/USD: Major resistance at 1.3445 is likely out of reach – UOB Group
GBP/USD: Major resistance at 1.3445 is likely out of reach – UOB Group
Pound Sterling (GBP) could edge higher and test 1.3420; the major resistance at 1.3445 is likely out of reach for now. In the longer run, GBP could continue to rise; based on the current momentum, it might find 1.3445 difficult to break, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
GBP: Don't take inflation spike – ING
GBP: Don't take inflation spike – ING
UK inflation for April surprised on the hot side this morning, with service CPI spiking from 4.7% to 5.4% against expectations for 4.8%, ING’s FX analyst Francesco Pesole notes.
GBPUSD
Banks
Technical Analysis
EUR/USD: A sustained advance to 1.1350 is unlikely – UOB Group
EUR/USD: A sustained advance to 1.1350 is unlikely – UOB Group
EUR could rise above 1.1290; the current momentum suggests any further advance is unlikely to reach 1.1320.
Technical Analysis
EURUSD
Banks
EUR: 1.150 looks premature – ING
EUR: 1.150 looks premature – ING
European currencies in general are enjoying good momentum, with the Swiss franc and the Swedish krona on top of this week’s G10 scorecard, ING’s FX analyst Francesco Pesole notes.
Banks
Technical Analysis
USDSGD
EURCHF
EURUSD
NZD/USD Price Forecast: Remains within a consolidation range of 0.5950/0.5900
NZD/USD Price Forecast: Remains within a consolidation range of 0.5950/0.5900
NZD/USD is trading around 0.5940 during the European hours on Wednesday. The pair has retraced its recent losses registered in the previous session as a neutral bias persists, suggested by the technical analysis of the daily chart showing the pair is consolidating within a rectangular pattern.
NZDUSD
Technical Analysis
Majors
Nasdaq Futures Analysis Now with orderFlow Intel at ForexLive.com
Nasdaq Futures Analysis Now with orderFlow Intel at ForexLive.com
A unique, deep, data driven analysis looking at order flow data (here on Nasdaq futures) and using our experienced AI to dissect the hidden hints, such as early shifts in buyer or seller dominance.
OrderFlow Intel
Nasdaq
Nasdaq Technical Analysis
EUR/USD Price Forecast: Bullish outlook remains in play above 1.1300
EUR/USD Price Forecast: Bullish outlook remains in play above 1.1300
The EUR/USD pair gathers strength to near 1.1330 during the early European session on Wednesday, bolstered by a weaker US Dollar (USD).
EURUSD
Majors
Technical Analysis
Bullish
GBP/USD Price Forecast: Rises toward highs since February 2022 near 1.3450
GBP/USD Price Forecast: Rises toward highs since February 2022 near 1.3450
The GBP/USD pair extends its winning streak for the third successive session, trading around 1.3430 during Wednesday's Asian hours. The technical analysis of the daily chart suggests a persistent bullish bias as the pair remains within an ascending channel pattern.
GBPUSD
Majors
Technical Analysis
Silver Price Forecast: XAG/USD consolidates around $33.00; seems poised to climb further
Silver Price Forecast: XAG/USD consolidates around $33.00; seems poised to climb further
Silver (XAG/USD) retreats slightly following an Asian session uptick to the $33.20 area, or over a one-week high, and erodes a part of the previous day's strong move up.
Silver
Commodities
Technical Analysis
XAGUSD
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
The Australian Dollar (AUD) begins the Asian session virtually unchanged against the US Dollar (USD) on Wednesday, following a 0.49% loss in the previous session as the Reserve Bank of Australia (RBA) reduced interest rates. At the time of writing, the AUD/USD trades at 0.6420 flat.
AUDUSD
RBA
Macroeconomics
Technical Analysis
Fundamental Analysis
Silver Price Forecast: XAG/USD rallies above $33.00 as USD slips
Silver Price Forecast: XAG/USD rallies above $33.00 as USD slips
Silver price soared on Tuesday, climbing past the $33.00 mark per troy ounce as the US Dollar weakened across the board.
Technical Analysis
Silver
XAGUSD
Metals
Mexican Peso surges as US Dollar weakens, USD/MXN approaches 19.00
Mexican Peso surges as US Dollar weakens, USD/MXN approaches 19.00
The Mexican Peso (MXN) rallied to a new yearly high against the US Dollar (USD) on Tuesday as investors continued to digest Moody’s downgrade to United States (US) government debt and wait for the vote on the Tax bill presented by the Trump administration.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
EURUSD moves above swing area  Makes new highs for the day
EURUSD moves above swing area Makes new highs for the day
EURUSD breaks above key swing zone and 38.2% retracement—buyers eye a move beyond 1.12876
Gold rallies on US credit downgrade, bulls target $3,300
Gold rallies on US credit downgrade, bulls target $3,300
Gold price advances for the second straight day on Tuesday as the Greenback continues to print losses due to uncertainty about trade policies and the fiscal health of the United States (US) following last Friday’s Moody’s US debt downgrade.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO