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NZD/USD: RBNZ to keep cutting in May – ING
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
NZDUSD
Technical Analysis
RBNZ
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1850 and 7.2100. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
AUD/USD: Cheering the US-China de-escalation – ING
AUD/USD: Cheering the US-China de-escalation – ING
USD and the Australian dollar are the biggest beneficiaries in G10 from a de-escalation in US-China trade tensions, ING's FX analysts Francesco Pesole and Chris Turner note.
AUDUSD
Banks
Technical Analysis
USD/JPY: Further USD strength is likely – UOB Group
USD/JPY: Further USD strength is likely – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.20. In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD observed volatility has eased back significantly, as the loonie seems to be trading again as an extension of US-growth sentiment – and is therefore more correlated with USD, ING's FX analysts Francesco Pesole and Chris Turner note.
USDCAD
Banks
Technical Analysis
Canada
BOC
NZD/USD: Likely to rise further – UOB Group
NZD/USD: Likely to rise further – UOB Group
New Zealand Dollar (NZD) is likely to rise further; it is unlikely to be able to break clearly above 0.5965. 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
GBP/USD: Some emerging optimism for the pound – ING
GBP/USD: Some emerging optimism for the pound – ING
Pound Sterling (GBP) is holding up quite well as UK Prime Minister Keir Starmer delivers some wins on trade and geopolitics, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
GBPUSD
Technical Analysis
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
Scope for further Australian Dollar (AUD) strength against the US Dollar (USD), but any advance is likely part of a higher range of 0.6420/0.6515. In the longer run, to continue to rise, AUD must break and hold above 0.6515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD/JPY: Quite the round trip! – ING
USD/JPY: Quite the round trip! – ING
The Japanese Yen (JPY) was one of the prime beneficiaries of the ‘sell America’ theme that we briefly saw in April, ING's FX analysts Francesco Pesole and Chris Turner note.
USDJPY
Banks
Technical Analysis
BOJ
Japan
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.50 during the European hours on Wednesday.
DollarIndex
Technical Analysis
Majors
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
Pound Sterling (GBP) could continue to rebound against US Dollar (USD), but any advance is likely limited to a test of 1.3340. In the longer run, buildup in momentum has faded; GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
West Texas Intermediate (WTI) US Crude Oil prices remain depressed through the early European session on Wednesday and for now, seem to have snapped a four-day winning streak to mid-$63.00s, or over a two-week high touched the previous day.
Oil
Commodities
Technical Analysis
WTI
EUR/USD: Cyclical versus structural challenges – ING
EUR/USD: Cyclical versus structural challenges – ING
The dollar is doing its best to unwind April's sharp losses, ING's FX analysts Francesco Pesole and Chris Turner note.
EURUSD
Banks
Technical Analysis
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
Euro (EUR) could rebound further vs US Dollar (USD), but any advance is likely part of a higher range of 1.1125/1.1225.
Technical Analysis
EURUSD
Banks
NZD/USD Price Forecast: Rises to near 0.5950 after breaking above nine-day EMA
NZD/USD Price Forecast: Rises to near 0.5950 after breaking above nine-day EMA
The NZD/USD pair holds gains after registering approximately 1.50% gains in the previous session, trading around 0.5940 during the European hours on Wednesday. The technical analysis of the daily chart indicates a neutral stance, as the pair continues to consolidate within a rectangular range.
NZDUSD
Technical Analysis
Majors
Gold Technical Analysis – We continue to price out the stagflationary risk
Gold Technical Analysis – We continue to price out the stagflationary risk
The much better than expected US-China news continues to reverberate as the market prices in better growth and less rate cuts. What’s next?
EUR/JPY Price Forecast: Bullish outlook remains in play near 164.50
EUR/JPY Price Forecast: Bullish outlook remains in play near 164.50
The EUR/JPY cross attracts some sellers to around 164.40 during the early European session on Wednesday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid the prospects for further policy normalization by the Bank of Japan (BoJ).
EURJPY
Technical Analysis
Crosses
Bullish
Silver Price Forecast: XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day
Silver Price Forecast: XAG/USD slides back closer to mid-$31.00s; down nearly 1% for the day
Silver (XAG/USD) extends the previous day's retracement slide from the $33.20-$33.25 resistance zone and attracts some follow-through selling during the Asian session on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
FX option expiries for 14 May 10am New York cut
FX option expiries for 14 May 10am New York cut
A look at what is on the board for today
Silver Price Forecast: XAG/USD hovers around $33.00 amid weak US Dollar
Silver Price Forecast: XAG/USD hovers around $33.00 amid weak US Dollar
Silver price edged up 0.95% on Tuesday as the Greenback finished the session below the 101.00 figure, according to the US Dollar Index (DXY), which tracks the performance of the buck’s value against a basket of six currencies.
Technical Analysis
XAGUSD
Silver
Metals
AUD/NZD Price Analysis: Pair Holds Bullish Tone Ahead of Asian Session
AUD/NZD Price Analysis: Pair Holds Bullish Tone Ahead of Asian Session
The AUD/NZD pair is trading around the 1.09 zone ahead of the Asian session on Tuesday, reflecting a slight bullish tone with minor gains on the day.
Crosses
Technical Analysis
Currencies
AUDJPY
NZDJPY
Bullish
NZD/USD rallies as Dollar Eases on Trade Uncertainty and CPI Miss
NZD/USD rallies as Dollar Eases on Trade Uncertainty and CPI Miss
NZD/USD trades around the 0.5900 level during the North American session on Tuesday, benefiting from a softer US Dollar (USD) and improving risk sentiment. US President Donald Trump dominated headlines, reiterating his aggressive stance on trade and investment policies.
NZDUSD
Majors
Macroeconomics
Currencies
Technical Analysis
NZD/JPY Price Analysis: Pair Steadies with Bullish Tone Ahead of Asian Session
NZD/JPY Price Analysis: Pair Steadies with Bullish Tone Ahead of Asian Session
The NZD/JPY pair has seen a strong upside push, trading near the 87.50 zone with around 0.80% gains ahead of the Asian session on Tuesday. The pair is positioned mid-range within its recent fluctuation, reflecting a steady bullish tone as traders assess broader risk sentiment.
Crosses
Currencies
Technical Analysis
NZDJPY
Bullish
NZDUSD climbs after sellers miss their shot at breakdown
NZDUSD climbs after sellers miss their shot at breakdown
NZDUSD rebound gains traction as buyers eye a break above 0.5949; support now firm at 0.5935 and then the 100 hour MA at 0.5907
NZD
USD
EURUSD  trades near session highs
EURUSD trades near session highs
The EURUSD has topside resistance between 1.1193 and 1.1213
EUR
USD
AUD/JPY climbs for second day, breaks key resistance amid risk-on mood
AUD/JPY climbs for second day, breaks key resistance amid risk-on mood
AUD/JPY extended its upward momentum on Tuesday, rising to 96.60 at the time of writing, as renewed risk appetite and stronger Australian data continue to fuel gains in the pair.
AUDJPY
Technical Analysis
Crosses
Fundamental Analysis
Gold recovers as US inflation dips, limited by risk-on mood
Gold recovers as US inflation dips, limited by risk-on mood
Gold prices traded with a positive tone on Tuesday, following Monday’s drop of over 2.70%, exchanged hands at around $3,250, up by 0.42%. A softer-than-expected US inflation report and the trade truce between China and the US may keep Gold prices capped beneath the $3,300 figure.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
AUD/USD surges to 0.6470 as soft US CPI and tariff truce lift sentiment
AUD/USD surges to 0.6470 as soft US CPI and tariff truce lift sentiment
The Australian Dollar (AUD) is trading sharply higher against the US Dollar (USD) on Tuesday, with AUD/USD rising to 0.6470, up nearly 1.5% intraday, as a combination of improved global sentiment and softer US Consumer Price Index (CPI) data boosts demand for risk-sensitive currencies.
AUDUSD
Technical Analysis
Macroeconomics
Fundamental Analysis
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bullish signals hold firm
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bullish signals hold firm
The EUR/CAD pair advanced on Tuesday, trading near the 1.5600 zone after the European session, reflecting a strong bullish tone as the market heads into the Asian session.
Crosses
Technical Analysis
Currencies
EURCAD
Bullish
NASDAQ index trades to new session highs
NASDAQ index trades to new session highs
NASDAQ index is running further away from its 100-day moving average
GBPUSD retests the 200 hour MA. Key level for buyers and sellers.
GBPUSD retests the 200 hour MA. Key level for buyers and sellers.
Buyers continue to push the pair higher. The 200 hour MA was tested on Friday and found willing sellers.
GBP
USD
AUDUSD tests/extends above 200 day MA
AUDUSD tests/extends above 200 day MA
AUDUSD tests 200 day MA with buyers aiming for sustained rally after previous failed attempts; Key levels to watch for upside momentum
AUD
USD
EUR/USD Price Analysis: Euro climbs toward 1.1200 as bullish sentiment builds
EUR/USD Price Analysis: Euro climbs toward 1.1200 as bullish sentiment builds
The EUR/USD pair advanced on Tuesday, trading near the 1.1200 zone after the European session, reflecting a strong bullish tone as the market approaches the Asian session. Price action remains near the top of the daily range, suggesting that buyers maintain control despite mixed momentum readings.
EURUSD
Majors
Currencies
Technical Analysis
Bullish
GBP/USD rebounds on soft CPI, boosting Fed cut bets
GBP/USD rebounds on soft CPI, boosting Fed cut bets
The Pound Sterling (GBP) recovered from Monday's losses and climbed over 0.35% against the US Dollar (USD) after the latest inflation report in the United States (US) kept traders' hopes high for further easing by the Federal Reserve (Fed).
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Currencies
USDCAD retests the 200 day MA/swing area and finds willing sellers.
USDCAD retests the 200 day MA/swing area and finds willing sellers.
The 200 bar MA on the 4-hour chart at 1.3978 is close support. Move below would tilt the bias back lower.
CAD
USD
USDCHF finds buyers at key swing floor after rally stalls short of retracement target
USDCHF finds buyers at key swing floor after rally stalls short of retracement target
USDCHF holds key support near 0.8368–0.84087 as bulls eye a break above 0.84823 retracement hurdle
CHF
USD
The GBPUSD rebounds and chips away at the topside targets
The GBPUSD rebounds and chips away at the topside targets
The fall below the 38.2% of the move up from the April low at 1.31603 failed yesterday. Price based against retraceement evel before moving higher today
GBP
USD
USDJPY stalls at familiar resistance after tariff‑sparked surge; softer CPI tempers buyers
USDJPY stalls at familiar resistance after tariff‑sparked surge; softer CPI tempers buyers
Tariff bounce fades a bit on softer CPI; USDJPY hangs above the 147.20‑147.34 support band
JPY
USD
EURUSD rebounds, but key levels loom ahead
EURUSD rebounds, but key levels loom ahead
EURUSD bounce stalls between key retracement and resistance levels as traders weigh tariff relief impact