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AUD/USD holds support amid Capex miss, RBA cuts eyed – BBH
AUD/USD is holding above key support at 0.6400 but faces near-term resistance between 0.6500-0.6540, BBH FX analysts report.
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Fxstreet
Gold advances as US Dollar declines after US court blocks Trump's tariffs
Gold price (XAU/USD) claws back the majority of its initial losses and recovers to near $3,320 in Thursday’s North American trading session from the weekly low of $3,245 posted earlier in the day.
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XAUUSD
UnitedStates
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SEO
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Fxstreet
USD/CNH: Likely to trade in a range between 7.1800 and 7.2300 – UOB Group
Increase in momentum is likely to lead to US Dollar (USD) advance, potentially to 7.2130. In the longer run, for now, USD is likely to trade in a range between 7.1800 and 7.2300, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
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USD/JPY: Resistance at 147.50 is unlikely to come under threat – UOB Group
US Dollar (USD) is expected to strengthen; the significant resistance at 147.50 is unlikely to come under threat. In the longer run, price action suggests further USD upside; too early to tell whether 147.50 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Banks
Technical Analysis
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Fxstreet
NZD/USD: Expected to continue to trade sideways – UOB Group
New Zealand Dollar (NZD) is expected to continue to trade sideways, most likely in a range of 0.5925/0.5975. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
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Fxstreet
AUD/USD: Chance to edge below 0.6400 – UOB Group
Australian Dollar (AUD) could edge below 0.6400 against US Dollar (USD); the next support at 0.6380 is unlikely to come under threat. In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
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CHF: Swiss franc stays surprisingly bid – ING
One might have expected EUR/CHF to trade a little higher on this tariff ruling and the decent rally in equity markets, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
USDCHF
EURCHF
Switzerland
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Fxstreet
NZD/USD: Bias to buy dips – OCBC
The Reserve Bank of New Zealand (RBNZ) cut the OCR by 25bps to 3.25%, aligning with market expectations. However, the tone of the meeting suggests a shift away from a dovish stance.
NZDUSD
Banks
Technical Analysis
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Forex Live
Dollar gains abate as traders digest what's next for Trump tariffs
The greenback has seen gains dissipate in European morning trade
USD
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Fxstreet
GBP: Sterling performs well – ING
It's interesting to see EUR/GBP still trading quite softly despite some better news on global trade, ING's FX analyst Chris Turner notes.
Banks
EURGBP
Technical Analysis
GBPUSD
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Fxstreet
GBP/USD: Expected to trade with a downward bias toward 1.3395 – UOB Group
Pound Sterling (GBP) is expected to trade with a downward bias toward 1.3395 vs US Dollar (USD); a sustained break below this level seems unlikely.
GBPUSD
Banks
Technical Analysis
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Fxstreet
USD: Trade wars can be messy – ING
FX markets should focus on two themes today: the US Court of International Trade ruling that the majority of President Trump's tariffs are illegal, and insights from the minutes of the 7 May FOMC meeting, which suggest that dollar selling in April was driven by hedging rather than outright sales of
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Banks
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Fxstreet
AUD/USD bounces up as the Dollar rally loses steam and approaches 0.6450 resistance area
The Aussie Dollar bounced up right above the 0.6400 psychological level on Thursday and is trading 0.30% higher on the day, with a retest of the 0.6450 resistance area on the cards, as the US Dollar rally loses steam.The Greenback appreciated across the board during late Wednesday and Thursday’s Asi
AUDUSD
Currencies
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Fxstreet
USD/JPY: US and JP inflation data tomorrow – OCBC
Shorts in USD/JPY continued to get squeezed, from month-end USD buy flows to US trade court’s ruling on Trump tariffs partially helped to restore some credibility to the system, which has been undermined by the unpredictability of Trump’s tariffs.
USDJPY
Technical Analysis
Banks
BOJ
Japan
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Fxstreet
LME Copper inventories fall to fresh low – ING
Copper inventories on the LME fell to the lowest level in almost two years, with withdrawals continuing at warehouses in Rotterdam. Thousands of tonnes of Copper have been withdrawn over the past few trading sessions, with Glencore the key trader behind these requests.
Metals
Copper
Banks
China
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Fxstreet
DXY: Trump tariffs challenged – OCBC
US Dollar's (USD’s) rebound found momentum from a US court ruling, saying that Trump’s unilateral imposition of 'Liberation Day tariffs' under the International Emergency Economic Powers Act (IEEPA) is invalid.
DollarIndex
Banks
Technical Analysis
US Elections
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Fxstreet
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
Silver
Commodities
Metals
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Fxstreet
New Zealand: RBNZ slashes OCR by 25 bps – UOB Group
As widely expected, the Reserve Bank of New Zealand (RBNZ) decided to lower the Official Cash Rate (OCR) for a sixth straight meeting by 25bps to 3.25%.
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RBNZ
CentralBanks
NewZealand
InterestRate
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Forex Live
Cheatsheet on how Trump could sidestep the US court ruling and implement tariffs - MUFG
MUFG made a nice cheatsheet on the range of possible acts that Trump could use to implement tariffs
market overview
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Fxstreet
EUR: A leg to the downside – ING
EUR/USD is understandably lower on the US tariff news in that it slightly re-appraises US growth prospects and the risk premium attached to the US Dollar (USD), ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
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Forex Live
Russia says there are currently no plans for Putin to speak to Trump
Remarks by the Kremlin
Politics
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Fxstreet
NZD/USD Price Forecast: Finds support at 0.5950 near nine-day EMA
NZD/USD is trading around 0.5960 during the European hours on Thursday. The pair has trimmed its daily losses as a market bias remains neutral.
NZDUSD
Technical Analysis
Majors
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Forex Live
EURUSD breaks below the key support and comes back to retest it. Now what?
The EURUSD pair fell below the key support zone overnight on the US court ruling news but almost all the drop got erased soon after. What's next?
EUR
USD
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Fxstreet
EUR/USD: Interim downside pressure – OCBC
Euro (EUR) continued to drift lower amid broad US Dollar (USD) rebound. Pair was last at 1.1250 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
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Fxstreet
Oil: Sentiment improves for now – ING
Oil markets strengthened yesterday as sanction risks against Russia increase, while the market appears to be losing hope that we’ll see a nuclear deal between the US and Iran. This might’ve led to the eventual lifting of oil sanctions.
Oil
Banks
Energy
OPEC
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Fxstreet
WTI rallies further, approaching $63.00 boosted by a ban on tariffs
WTI Oil prices accelerated their recovery on Thursday, as a US court ruling against Trump’s tariffs boosted hopes for some normalisation in global trade, which will support crude demand.The US Court for International Trade ruled on Wednesday that Trump’s unilateral trade tariffs overstep the US Cong
WTI
Oil
Commodities
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Fxstreet
EUR/USD must first close below 1.1200 to continue falling – UOB Group
Further weakness is not ruled out; it is unclear whether Euro (EUR) can break and hold below 1.1200 against US Dollar (USD). In the longer run, to continue to decline, EUR must first close below 1.1200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
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Fxstreet
Pound Sterling gains as US court dismisses Trump’s tariff policy
The Pound Sterling (GBP) recovers from early losses against the US Dollar (USD) and reclaims the key level of 1.3500 during North American trading hours on Thursday.
GBPUSD
BOE
UnitedKingdom
SEO
UnitedStates
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Fxstreet
AUD/JPY maintains position above 93.50 due to risk-on sentiment
AUD/JPY continues its winning streak for the fifth successive day, trading around 93.60 during the European hours on Thursday.
AUDJPY
Crosses
Macroeconomics
Australia
Japan
News Discussion Forum
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Fxstreet
USD/CHF Price Forecast: Retraces to near 0.8300
The USD/CHF pair gives up a significant part of its initial gains and falls below 0.8300 during European trading hours on Thursday, from the intraday high of 0.8348. Still, the Swiss Franc pair is 0.35% higher around 0.83000.
USDCHF
DollarIndex
UnitedStates
SNB
SupportResistance
News Discussion Forum
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Fxstreet
EUR/USD returns to levels near 1.1300 as USD strength fades
EUR/USD is trading with moderate losses, around 1.1285 at the time of writing, after bouncing up from 1.1213 lows.
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Forex Live
Japan prime minister Ishiba reportedly arranging a call with Trump for later tonight
Fuji News Network reports on the matter
Politics
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Fxstreet
Chinese Commerce Ministry: China, US have maintained communications
Chinese Commerce Ministry said in a statement on Thursday, “China and US have used multilateral and bilateral occasions to maintain communications at various levels.”
China
UnitedStates
AUDUSD
TradeWar
News Discussion Forum
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Fxstreet
USD/CAD trades near 1.3800 after pulling back from weekly highs as Oil prices rise
USD/CAD loses ground after registering gains in the previous two consecutive sessions, trading around 1.3820 during the European hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.
USDCAD
Oil
Macroeconomics
Majors
Canada
News Discussion Forum
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Fxstreet
Silver Price Forecast: XAG/USD is forming a descending triangle with support at $32.60
Silver prices (XAG/USD) are showing moderate gains on Thursday, after bouncing up from the support area, at $32.60-32.70 but the broader picture remains mixed with price action contained within recent ranges.The fundamental background is unsupportive today.
XAGUSD
Silver
Technical Analysis
Commodities
Metals
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Forex Live
China reaffirms having maintained communications with US since Geneva talks
Remarks by the Chinese commerce ministry
CNY
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Forex Live
European indices hold higher to start the day
Markets are optimistic about the latest tariff developments
Stocks
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Fxstreet
Forex Today: Risk flows dominate markets ahead of US data
Here is what you need to know on Thursday, May 29:
Majors
Macroeconomics
Currencies
Commodities
EconomicIndicator
News Discussion Forum
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Fxstreet
EUR/GBP weakens below 0.8400 amid prospect of ECB rate cuts
The EUR/GBP cross remains under selling pressure around 0.8375 during the early European session on Thursday. The Euro (EUR) weakens against the Pound Sterling (GBP) due to weak Eurozone data. Later on Thursday, Bank of England (BoE) Deputy Governor Sarah Breeden is set to speak.
EURGBP
Crosses
Macroeconomics
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Forex Live
What are the main events for today?
The highlights include the US Jobless Claims and a few Fed speakers. Keep also an eye for news on the tariffs front after today's court ruling.
market overview
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