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GBP/JPY Price Forecast: Potential double top at the 196.40 area
GBP/JPY Price Forecast: Potential double top at the 196.40 area
The Pound is trading lower for the fourth consecutive day against a stronger Yen, favoured by the frail market sentiment, and hawkish comments by BoJ Governor Ueda, which keep hopes of further rate hikes alive.The BoJ’s chief warned about trade uncertainty but maintained that the bank will continue
GBPJPY
Currencies
Crosses
Technical Analysis
EUR/USD: Outlook is revised to positive – UOB Group
EUR/USD: Outlook is revised to positive – UOB Group
Euro (EUR) is likely to rise further; overbought conditions suggest 1.1495 is out of reach for now. In the longer run, EUR outlook is revised to positive; the immediate levels to watch are 1.1495 and 1.1530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD: Testing short tolerance levels – ING
USD: Testing short tolerance levels – ING
The US Dollar’s slide accelerated at the start of the week, driven by two main factors: growing trade uncertainty and rising concerns from bond vigilantes over the US deficit.
DollarIndex
Banks
Technical Analysis
Fed
Levels
NZD/USD Price Forecast: Pulls back from 0.6050 near seven-month highs
NZD/USD Price Forecast: Pulls back from 0.6050 near seven-month highs
NZD/USD is retracing its recent losses, trading around 0.5990 during the European hours on Tuesday. The technical analysis of the daily chart suggests a revival of neutral market sentiment as the Kiwi pair is attempting to fall back within a rectangular pattern.
NZDUSD
Technical Analysis
Majors
Silver Price Forecast: XAG/USD bearish correction finds support at $34.00
Silver Price Forecast: XAG/USD bearish correction finds support at $34.00
Silver prices (XAG/USD) are trading lower on Tuesday’s European session, weighed by a somewhat firmer US Dollar, as the risk-off mood witnessed on Monday seems to have eased.The precious metal hit fresh six-month highs on Monday, with the US Dollar hammered by renewed tariff concerns and downbeat US
Silver
XAGUSD
Commodities
Technical Analysis
USDCAD Technical Analysis - Key US data in focus
USDCAD Technical Analysis - Key US data in focus
The USDCAD pair is struggling to break below a major trendline ahead of key US data releases
CAD
USD
EUR/USD dips below 1.1400 ahead of US Factory Orders and jobs data
EUR/USD dips below 1.1400 ahead of US Factory Orders and jobs data
EUR/USD is accelerating its reversal from 1.1450 highs, returning to levels below 1.1400 at the time of writing.
EURUSD
Majors
Currencies
Technical Analysis
Gold Technical Analysis – Renewed trade tensions lift the market
Gold Technical Analysis – Renewed trade tensions lift the market
Gold continues to consolidate but the renewed trade tensions are attracting the buyers again.
USD/CHF Price Forecast: Remains capped below 100-day EMA, bearish bias prevails below 0.8200
USD/CHF Price Forecast: Remains capped below 100-day EMA, bearish bias prevails below 0.8200
The USD/CHF pair trades with mild gains near 0.8180 during the early European session on Tuesday, bolstered by a modest rebound of the US Dollar (USD).
USDCHF
Majors
Technical Analysis
AUD/JPY Price Forecast: Break below mid-92.00s paves the way for further losses
AUD/JPY Price Forecast: Break below mid-92.00s paves the way for further losses
The AUD/JPY cross attracted some sellers after the Reserve Bank of Australia (RBA) meeting Minutes showed that the central bank had considered an outsized 50 basis point cut in May.
AUDJPY
RBA
InterestRate
Technical Analysis
Currencies
FX option expiries for 3 June 10am New York cut
FX option expiries for 3 June 10am New York cut
A look at what is on the board for today
NZD/JPY Price Forecast: Holds steady above 86.00 with intact bullish structure
NZD/JPY Price Forecast: Holds steady above 86.00 with intact bullish structure
The NZD/JPY begins Tuesday’s Asian session flat after registering minimal gains of over 0.24% on Monday amid a risk-on mood. At the time of writing, the cross-pair trades at 86.13, unchanged.
Crosses
Technical Analysis
NZDJPY
Currencies
Bullish
AUD/JPY Price Forecast: Remains subdued, trapped within 92.50-93.00
AUD/JPY Price Forecast: Remains subdued, trapped within 92.50-93.00
AUD/JPY is poised to close on Monday with gains of over 0.09% amid a subdued trading session, despite an improvement in risk appetite during the day. At the time of writing, the cross-pair trades at 92.74 after bouncing off a daily low of 92.37.
AUDJPY
Technical Analysis
Currencies
Crosses
USD/CHF Price Forecast: Slides below 0.82, reaches multi-week low as USD appreciates
USD/CHF Price Forecast: Slides below 0.82, reaches multi-week low as USD appreciates
USD/CHF extended its losses during Monday’s North American session, down 0.60% as the Greenback weakened across the board.
Technical Analysis
USDCHF
Currencies
Majors
EURUSD after run higher earlier today is consolidating
EURUSD after run higher earlier today is consolidating
EURUSD ran higher earlier today and is currently consolidating but trading above a swing area target . Buyers are in control, with the next target at 1.1479. A move below 1.14066 could shift sentiment to sellers.
EUR
USD
Silver Price Forecast: XAG/USD surges over 5%, hits yearly high
Silver Price Forecast: XAG/USD surges over 5%, hits yearly high
Silver prices soar, gaining over 5% on Monday, as investors who had become risk-averse earlier pushed the grey metal higher. However, as market sentiment improved, buyers continued to drive XAG/USD higher, trading at $34.65 near year-to-date (YTD) highs.
Technical Analysis
XAGUSD
Silver
EUR/USD rallies towards 1.1450 as trade turmoil hurts the Greenback
EUR/USD rallies towards 1.1450 as trade turmoil hurts the Greenback
EUR/USD edges up during the North American session to hit a six-week high of 1.1449, poised to stay above 1.1400 as the US Dollar drops to levels last seen in April as the “Sell America” trade continues.
EURUSD
Majors
Technical Analysis
Fundamental Analysis
SEO
EUR/GBP steadies as pair holds above key technical resistance
EUR/GBP steadies as pair holds above key technical resistance
The Euro (EUR) is consolidating against the Pound Sterling (GBP) on Monday, with markets focusing on key economic data and geopolitical developments.
EURGBP
Crosses
Technical Analysis
Currencies
Gold rises on broad USD weakness as geopolitcal and tariffs fears mount
Gold rises on broad USD weakness as geopolitcal and tariffs fears mount
Gold prices rallied sharply on Monday, reaching their highest level in over four weeks, as geopolitical risks escalated over the Russia-Ukraine conflict. Renewed tensions on trade between the United States (US) and China prompted investors to buy the yellow metal throughout the day.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
USDCAD trades to a new low for 2025 and going back to October 2024
USDCAD trades to a new low for 2025 and going back to October 2024
USDCAD trended lower, breaking key technical levels to hit a new low for 2025.
Mexican Peso celebrates US Dollar weakness after tensions between the US and China rise
Mexican Peso celebrates US Dollar weakness after tensions between the US and China rise
The Mexican Peso (MXN) is trading firmer against the US Dollar (USD) on Monday, as traders digest the impact of a surprise tariff escalation by the United States. The USD/MXN pair is struggling to maintain any recovery momentum, with risk sentiment dented and the Greenback broadly offered.
USDMXN
Fundamental Analysis
Technical Analysis
SEO
Kickstart the new trading day, week, & month w/ technical look at EURUSD, USDJPY & GBPUSD
Kickstart the new trading day, week, & month w/ technical look at EURUSD, USDJPY & GBPUSD
What is moving the 3 major currency pairs to start the new day, week and month in the USD.
JPY seeing impressive gains on solid fundamental data – Scotiabank
JPY seeing impressive gains on solid fundamental data – Scotiabank
Japanese Yen (JPY) is strong, up 0.8% against the US Dollar (USD) and outperforming most of the G10 currencies in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Technical Analysis
Japan
BOJ
GBP gains offer retracement back toward recent multi-year high – Scotiabank
GBP gains offer retracement back toward recent multi-year high – Scotiabank
Pound Sterling (GBP) is also showing impressive strength with a 0.6% gain vs. the US Dollar (USD) and mid-performance among the G10, retracing a good portion of its latest pullback from last Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
EUR climbs within range – Scotiabank
EUR climbs within range – Scotiabank
Euro (EUR) is strong, up an impressive 0.6% against 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.
Banks
EURUSD
Technical Analysis
CAD probes best levels since Oct on weak USD – Scotiabank
CAD probes best levels since Oct on weak USD – Scotiabank
Better than expected GDP data for Q1 provided a bit of a lift for the CAD Friday.
Banks
USDCAD
Technical Analysis
BOC
Canada
Levels
Trade, tariff concerns weigh on the USD – Scotiabank
Trade, tariff concerns weigh on the USD – Scotiabank
With a new month underway, the US Dollar (USD) finds itself on the defensive again, supporting the idea that some of its late May gains could have been related to month-end demand.
DollarIndex
Banks
Technical Analysis
Fed
USD/CNH: Next resistance at 7.2180 is unlikely to come under threat – UOB Group
USD/CNH: Next resistance at 7.2180 is unlikely to come under threat – UOB Group
Chance for US Dollar (USD) to edge above 7.2100 before leveling off against Chinese Yuan (CNH); next resistance at 7.2180 is unlikely to come under threat.
Banks
Technical Analysis
USDCNH
USD/JPY: Outlook for USD is unclear after wild swings – UOB Group
USD/JPY: Outlook for USD is unclear after wild swings – UOB Group
US Dollar (USD) is likely to trade in a range of 143.25/144.30. In the longer run, the outlook for USD is unclear after wild swings; for the time being it could trade between 142.10 and 146.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD might test the significant resistance level at 0.6030 – UOB Group
NZD/USD might test the significant resistance level at 0.6030 – UOB Group
Above 0.6000, New Zealand Dollar (NZD) has a chance to test of the significant resistance level at 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
GBP: Staying supported for now– ING
GBP: Staying supported for now– ING
Pound Sterling (GBP) is staying relatively supported, particularly against the US Dollar (USD), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH rebounds toward 7.26 resistance after testing 7.16 – Société Générale
USD/CNH’s recent downtrend has paused after finding support near 7.16, with a modest rebound now unfolding. However, upside may remain limited for now, as break below 7.16 can extend the downtrend, Société Générale's FX analysts note.
Banks
USDCNH
Technical Analysis
USDCNY
USD: Risk environment softens on trade confrontation – ING
USD: Risk environment softens on trade confrontation – ING
Global equity markets and the dollar start the week a little softer as trade tensions between the US and China start to reappear. It's not quite fair to say that the US-China trade deal reached in Geneva last month is unravelling, but both sides clearly seem frustrated.
DollarIndex
Banks
Technical Analysis
AUD/USD: Expected to trade in a range – UOB Group
AUD/USD: Expected to trade in a range – UOB Group
For the time being, Australian Dollar (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
GBP/USD: Likely to trade between 1.3400 and 1.3600  – UOB Group
GBP/USD: Likely to trade between 1.3400 and 1.3600 – UOB Group
Current GBP/USD price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
GBPUSD
Technical Analysis
EUR: Staying bid despite another possible ECB rate cut – ING
EUR: Staying bid despite another possible ECB rate cut – ING
US Dollar (USD) problems are keeping EUR/USD bid, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now – UOB Group
Increase in momentum is not enough to indicate a sustained advance; Euro (EUR) is likely to trade in a range of 1.1270/1.1435 for now vs US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
NZD/USD Price Forescast: Above 0.6030, the next target is 0.6090
The New Zealand Dollar is one of the best performers on Monday.
NZDUSD
Currencies
Technical Analysis