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FX option expiries for 23 May 10am New York cut
FX option expiries for 23 May 10am New York cut
A look at what is on the board for today
market overview
S&P 500 Futures Analysis Today
S&P 500 Futures Analysis Today
The S&P 500 Futures market outlook is bearish, expecting a downtrend if the price remains below $5,860, while a move above $5,865 would shift the bias to bullish.
S&P Technical Analysis
TradeCompass
S&P Futures
S&P Futures Technical Analysis
GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms
GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms
The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.
GBPJPY
Currencies
Technical Analysis
Crosses
AUD/JPY Price Forecast: Extends drop below 93.00 despite risk-on mood
AUD/JPY Price Forecast: Extends drop below 93.00 despite risk-on mood
The Australian Dollar (AUD) continues to lose ground versus the Japanese Yen (JPY) late on Thursday, depreciating over 0.15% amid a risk-on mood.
AUDJPY
Technical Analysis
Crosses
Currencies
USD/JPY Price Forecast: Rebounds towards 144.00 after three-day slide
USD/JPY Price Forecast: Rebounds towards 144.00 after three-day slide
The USD/JPY pair snapped three straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation, despite falling US Treasury yields and amid the lack of a catalyst, could be attributed to traders booking profits ahead of the weekend.
USDJPY
Currencies
Technical Analysis
GBPUSD spends the day waffling up-and-down in a narrow range
GBPUSD spends the day waffling up-and-down in a narrow range
The price does stay below old swing highs before this week
GBP
USD
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD breaks below 1.13 on strong US data, German GDP in focus
EUR/USD tumbled below 1.1300 on Thursday as economic data from the United States (US) fared better than expected compared to Eurozone Flash Purchasing Managers Index (PMI) figures for May. At the time of writing, EUR/USD trades at 1.1271, down by 0.55%.
EURUSD
Technical Analysis
PMI
Fundamental Analysis
SEO
Mexican Peso gains as inflation surprises, but US risks persist
Mexican Peso gains as inflation surprises, but US risks persist
The Mexican Peso (MXN) is gaining traction against the US Dollar (USD) on Thursday, supported by a hotter-than-expected mid-May inflation reading.
USDMXN
Fundamental Analysis
Technical Analysis
Banxico
Gold trips down amid firm US Dollar, despite falling US yields
Gold trips down amid firm US Dollar, despite falling US yields
Gold price dropped some 0.48% on Thursday and failed to hold onto the $3,300 figure after reaching a two-week high of $3,345 earlier.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
NZDUSD finds support again — upside momentum hinges on clustered MAs
NZDUSD finds support again — upside momentum hinges on clustered MAs
NZDUSD holds 200-bar MA on 4-hour chart at 0.58957; topside resistance defined by a cluster of moving averages
NZD
USD
USDJPY pushes toward first resistance — cluster of key levels looms ahead
USDJPY pushes toward first resistance — cluster of key levels looms ahead
USDJPY rebounds to test key swing area; upside momentum faces major resistance cluster from 144.10 to 145.63
Silver Price Forecast: Silver retreats from seven-week highs
Silver Price Forecast: Silver retreats from seven-week highs
Silver (XAG/USD) reverses sharply lower on Thursday after briefly testing $33.70, its highest level in seven weeks, showing signs of near-term fatigue after a strong upside breakout on Wednesday to trade around $32.95 during the American session.
Silver
Technical Analysis
USD/CAD holds ground, weak Canadian data caps losses
USD/CAD holds ground, weak Canadian data caps losses
The US Dollar (USD) continues to face pressure from broad-based macro concerns, including high fiscal deficits, prolonged elevated interest rates, and rising geopolitical tensions. Despite these headwinds, USD/CAD has remained stable, with prices trading flat near 1.3886 at the time of writing.
USDCAD
Majors
Currencies
Technical Analysis
AUDUSD stuck in tight range as sellers eye a deeper push
AUDUSD stuck in tight range as sellers eye a deeper push
AUDUSD trades below clustered MAs; sellers eye 0.6388 and 0.63669 as next downside targets if sellers can stay in control below 100/200 hour MAs
AUD
USD
URUSD buyers lose momentum near 50% and shift focus back to key support zone
URUSD buyers lose momentum near 50% and shift focus back to key support zone
Old floor, then ceiling, is now a floor again after breaking higher yesterday. Key area for buyers and sellers today is between 1.1258 to 1.1275.
EUR
USD
USDCHF bounces from key support and tests overhead resistance
USDCHF bounces from key support and tests overhead resistance
Below cluster of resistance at 100 hour MA and 38.2% retracement.
CHF
USD
USDCAD bounces.  Price remains in up-and-down low area
USDCAD bounces. Price remains in up-and-down low area
The 1.3759 to 1.3904 area was a consolidation zone in April and into early May
GBP/USD turns cautious on UK PMI Manufacturing miss, with focus on US data
GBP/USD turns cautious on UK PMI Manufacturing miss, with focus on US data
The British Pound Sterling (GBP) has been gaining steadily against the US Dollar (USD) since January, reflecting diverging economic conditions between the United Kingdom and the United States. 
GBPUSD
Majors
Macroeconomics
Fundamental Analysis
Technical Analysis
The USD is little changed to start the US session. What does the recent price action say?
The USD is little changed to start the US session. What does the recent price action say?
A technical look at the EURUSD ,USDJPY, and GBPUSD to kickstart the US session
JPY outperforming with modest gain – Scotiabank
JPY outperforming with modest gain – Scotiabank
Japanese Yen (JPY) is entering Thursday’s NA session with a modest gain against the US Dollar (USD), a lone performer in an environment of mild (albeit broad-based) USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Japan
Technical Analysis
BOJ
GBP trading well despite deeply contractionary mfg PMI – Scotiabank
GBP trading well despite deeply contractionary mfg PMI – Scotiabank
Pound Sterling (GBP) is down 0.2% against the US Dollar (USD) and a mid-performer among the G10, trading relatively well despite a generally disappointing preliminary PMI release, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
CAD steady, risk reversal pricing, technical lean bullish – Scotiabank
CAD steady, risk reversal pricing, technical lean bullish – Scotiabank
The Canadian Dollar (CAD) is down marginally, reflecting the minor lift in the US Dollar (USD) generally more than anything else.
USDCAD
Banks
Technical Analysis
BOC
Canada
Bullish
USD consolidates as Treasurys steady – Scotiabank
USD consolidates as Treasurys steady – Scotiabank
The US Dollar (USD) is consolidating. Global market sentiment remains soft, following yesterday’s hefty US equity market losses. Asian and European stocks are down and US equity futures are narrowly mixed, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
Fed
EUR soft but in range as markets digest disappointing PMIs/stronger IFO – Scotiabank
EUR soft but in range as markets digest disappointing PMIs/stronger IFO – Scotiabank
Euro (EUR) is entering Thursday’s NA session with a 0.3% decline against the US Dollar (USD) and underperforming most of the G10 currencies with the exception of SEK and NZD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
AUD slips as soft PMI reinforces RBA dovishness – BBH
AUD slips as soft PMI reinforces RBA dovishness – BBH
AUD/USD remains under pressure as weak May PMI data supports expectations for RBA rate cuts. The pair struggles to hold above its 200-DMA, with markets now pricing in 75bps of easing over the next year, BBH FX analysts report.
AUDUSD
Technical Analysis
RBA
Banks
EUR/USD: Current upward bias to remain intact above the 55-day EMA – UOB Group
EUR/USD: Current upward bias to remain intact above the 55-day EMA – UOB Group
Improving upward momentum indicates EUR/USD could maintain its upward bias; it is premature to expect a retest of the 1.1573 high, UOB Group's FX analyst Quek Ser Leang reports.
EURUSD
Technical Analysis
Banks
USD: Trading US deficit fears – ING
USD: Trading US deficit fears – ING
Yesterday, we suggested that the G7 finance ministers’ meeting in Canada could produce USD-supportive headlines, particularly if there were signs of easing trade tensions.
DollarIndex
Banks
Technical Analysis
The wonderfully normal Bank of England – Commerzbank
The wonderfully normal Bank of England – Commerzbank
Inflation rose sharply in the United Kingdom in April – more than analysts had expected. This was reported yesterday by the Office for National Statistics (ONS). The surprisingly high increase was broad-based.
BOE
Banks
GBPUSD
Inflation
Technical Analysis
GBP: EUR/GBP drop delayed – ING
GBP: EUR/GBP drop delayed – ING
April’s rise in UK services inflation was mostly down to a temporary spike in air fares and package holidays caused by the timing of Easter—an effect that should unwind soon, ING's FX analyst Francesco Pesole notes.
EURGBP
Banks
Technical Analysis
GBPUSD
EUR: Another leg higher in EUR/USD may be inevitable – ING
EUR: Another leg higher in EUR/USD may be inevitable – ING
European currencies continue to gain ground, supported by a rotation out of US assets, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
EUR/JPY Price Forecast: Keeps bullish vibe, first upside target emerges above 163.00
EUR/JPY Price Forecast: Keeps bullish vibe, first upside target emerges above 163.00
The EUR/JPY cross attracts some sellers to around 162.35 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid the growing speculation that the Bank of Japan (BoJ) will hike interest rates again this year. 
EURJPY
Crosses
Technical Analysis
Bullish
FX option expiries for 22 May 10am New York cut
FX option expiries for 22 May 10am New York cut
A look at what is on the board for today
market overview
Silver Price Forecast: XAG/USD holds near $33.50 as US debt fears fuels haven demand
Silver Price Forecast: XAG/USD holds near $33.50 as US debt fears fuels haven demand
Silver price extended its rally to three days on Wednesday, edging up 0.21% as the Greenback continued to weaken across the board. Moody’s downgrade to US sovereign debt and the vote of the US fiscal budget, keeps investors seeking safety in the precious metal.
Silver
XAGUSD
Technical Analysis
USDJPY falls below key support, tests Fibonacci retracement zone
USDJPY falls below key support, tests Fibonacci retracement zone
Break below the 200-bar MA on the 4-hour chart shifts bias lower; 61.8% retracement near 143.22 provides interim support
JPY
USD
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.
CAD
USD
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
GBP
USD