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USD/JPY Price Forecast: Finds temporary support near 145.00
USD/JPY Price Forecast: Finds temporary support near 145.00
The USD/JPY pair recoups some of its initial losses and rebounds to near 145.50 during North American trading hours on Friday, while it is still 0.1% down.
USDJPY
GDP
Sentiment
DollarIndex
China
There has only been one negative day in the S&P 500 since April 21
There has only been one negative day in the S&P 500 since April 21
US stock futures up modestly as the bulls try for fifth day in a row
Mexican Peso falls against the Greenback despite US Sentiment miss
Mexican Peso falls against the Greenback despite US Sentiment miss
The Mexican peso (MXN) is trading lower against the US dollar (USD) on Friday, extending losses following Thursday’s rate cut by the Bank of Mexico (Banxico), which had been widely anticipated.
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Banxico
EmergingMarkets
Currencies
Mexico
US April housing starts 1.361m vs 1.365m expected
US April housing starts 1.361m vs 1.365m expected
US housing starts and building permits data for April 2025
US April import prices +0.1% vs -0.4% expected
US April import prices +0.1% vs -0.4% expected
US import/export prices for April 2025
USD/CAD extends consolidation ahead of US Consumer Sentiment data
USD/CAD extends consolidation ahead of US Consumer Sentiment data
USD/CAD is trading flat around 1.3960 at the time of writing on Friday, showing little to no directional bias as the pair remains confined within a narrow weekly range.
USDCAD
BOC
EconomicIndicator
Inflation expectations in the UMich report later in the day will be interesting
Inflation expectations in the UMich report later in the day will be interesting
Will expectations ease now that things got better on the tariffs front or will they increase further?
EUR stuck around 1.12 with risk in Fed pricing – Scotiabank
EUR stuck around 1.12 with risk in Fed pricing – Scotiabank
EUR/USD is extending its recent, quiet consolidation around 1.12 and trading with modest support into Friday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
CAD consolidating within a right range and finding support from spreads – Scotiabank
CAD consolidating within a right range and finding support from spreads – Scotiabank
The Canadian Dollar (CAD) is entering Friday’s NA session flat vs. the USD as it consolidates around the midpoint of this week’s range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
Canada
BOC
US Dollar goes nowhere after President Trump said the U.S. will unilaterally set tariffs
US Dollar goes nowhere after President Trump said the U.S. will unilaterally set tariffs
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading flat around 100.80. The DXY is for now able to avoid a weekly loss while market participants are starting to raise questions over the stability of the Greenback.
DollarIndex
Macroeconomics
UnitedStates
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TradeWar
ForexLive European FX news wrap: Major currencies little changed, gold falls back
ForexLive European FX news wrap: Major currencies little changed, gold falls back
Forex news from the European morning session on May 16, 2025
Session wrap
Wrap Europe
First new market forecasts for Platinum and Palladium – Commerzbank
First new market forecasts for Platinum and Palladium – Commerzbank
A market-leading refiner of Platinum group metals headquartered in London yesterday published its new forecasts for the supply and demand of Platinum group metals, Commerzbank's commodity analyst Carsten Fritsch notes.
Banks
Metals
Platinum
Palladium
Markets quiet but USD looks vulnerable on pause in Fed cut fade trade – Scotiabank
Markets quiet but USD looks vulnerable on pause in Fed cut fade trade – Scotiabank
Markets are quiet heading into Friday’s NA session with limited movement across most of the G10 currencies and minimal dispersion in terms of performance, aside from NZD (outperforming on higher than expected inflation expectation data) and SEK (underperforming in response to Riksbank Gov.
Banks
DollarIndex
Technical Analysis
Fed
AUD/USD holds key level of 0.6400, RBA monetary policy in focus
AUD/USD holds key level of 0.6400, RBA monetary policy in focus
The AUD/USD pair is slightly higher to near 0.6420 during European trading hours on Friday, but is inside Thursday’s trading range. The Aussie pair is expected to trade broadly sideways as investors await the Reserve Bank of Australia’s interest rate decision, which will be announced on Tuesday.
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RBA
Sentiment
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Gold on the rollercoaster – Commerzbank
Gold on the rollercoaster – Commerzbank
"The price of Gold went on a bit of a rollercoaster ride on Thursday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Gold
XAUUSD
Banks
Commodities
Metals
OPEC still sees undersupplied Oil market – Commerzbank
OPEC still sees undersupplied Oil market – Commerzbank
OPEC has also confirmed its forecasts for Oil demand, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Energy
OPEC
Silver Price Forecast: XAG/USD slides to near $32.30 on US-China trade optimism
Silver Price Forecast: XAG/USD slides to near $32.30 on US-China trade optimism
Silver price (XAG/USD) falls sharply to near $32.30 during European trading hours on Friday. The white metal is down over 1% as investors become increasingly confident about a trade deal between the United States (US) and China.
Silver
XAGUSD
YieldCurve
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UnitedStates
IEA sees Oil market still significantly oversupplied despite higher demand forecast – Commerzbank
IEA sees Oil market still significantly oversupplied despite higher demand forecast – Commerzbank
The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and 760 thousand barrels per day this year and next year respectively. However, demand momentum is expected to slow over the course of the year.
Oil
Banks
Energy
Brent
Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank
Gold falls as trade tensions ease and Fed outlook shifts – Commerzbank
The price of Gold has come under considerable pressure in recent days, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold
XAUUSD
Commodities
Banks
Metals
UK: EU trade deal remains the biggest prize – Standard Chartered
UK: EU trade deal remains the biggest prize – Standard Chartered
The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.
UnitedKingdom
Banks
Politics
GBPUSD
Russia-Ukraine talks in Istanbul set to begin shortly
Russia-Ukraine talks in Istanbul set to begin shortly
Reuters with the headline, citing a source from the Turkish foreign ministry
Politics
Oil gains on trade optimism, then slips on Iran talks – Commerzbank
Oil gains on trade optimism, then slips on Iran talks – Commerzbank
Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.
Oil
Banks
Commodities
Energy
WTI
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
Silver
Commodities
Metals
JPY: No summer hike – Commerzbank
JPY: No summer hike – Commerzbank
The Japanese economy has not gotten off to a particularly good start this year. According to GDP figures published this morning, economic output declined slightly in the first quarter, falling by 0.2% compared with the previous quarter.
USDJPY
Banks
Japan
BOJ
USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group
USD/CNH: Expected to trade in a sideways range of 7.1970/7.2190 – UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.1970/7.2190. In the longer run, a breach of 7.2330 would indicate that the likelihood of USD declining to 7.1700 has faded, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/CNH: 2-way trades likely – OCBC
USD/CNH: 2-way trades likely – OCBC
USD/CNY fix continues to come in slightly softer (and below spot) for the whole week, last seen trading at 7.2057 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
USDCNH
Technical Analysis
China
EUR/USD declines as US consumer inflation expectations rise further
EUR/USD declines as US consumer inflation expectations rise further
EUR/USD slides to near 1.11500 during North American trading hours on Friday. The major currency pair weakens as the US Dollar (USD) turns positive after recovering initial losses, following the release of the flash United States (US) consumer sentiment and inflation expectations data for May.
EURUSD
ECB
Fed
Inflation
SEO
USD/JPY: Upward momentum has dissipated – UOB Group
USD/JPY: Upward momentum has dissipated – UOB Group
Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
What are the interest rates expectations after this week's events and data?
What are the interest rates expectations after this week's events and data?
Expectations consolidated for most central banks. The economic data will determine the next direction for the repricing.
market overview
USD/JPY: Short bias on the daily charts – OCBC
USD/JPY: Short bias on the daily charts – OCBC
USD/JPY continued to trade lower amid decline in UST yields. Pair was last at 145.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Technical Analysis
Banks
RUB: Unrealistic optimism – Commerzbank
RUB: Unrealistic optimism – Commerzbank
USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.
USDRUB
RussianFederation
Banks
DXY: Slight downside risk – OCBC
DXY: Slight downside risk – OCBC
USD turned lower, tracking UST yields lower. DXY was last at 100.75 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
NZD/USD: Under mild downward pressure – UOB Group
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
US natural gas prices drop 3.7% on storage data – ING
US natural gas prices drop 3.7% on storage data – ING
US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
UnitedStates
Energy
Banks
S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline
S.Korea Trade Minister: Possibility that the trade deal might come after 8 July deadline
South Korea's Trade Minister Ahn Duk-geun said on Friday that “there is a possibility that the trade deal might come after the 8 July deadline.”
SouthKorea
USDKRW
TradeWar
UnitedStates
AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group
AUD/USD: Expected to trade between 0.6380 and 0.6445 – UOB Group
Downward momentum has not increased further; Australian Dollar (AUD) is expected to trade between 0.6380 and 0.6445 against US Dollar (USD).
AUDUSD
Technical Analysis
Banks