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Oleh
Fxstreet
USD/INR holds near 85.85 as markets brace for RBI's interest rate decision and US NFP
The Indian Rupee (INR) is trading flat against the US Dollar (USD) on Thursday during the American session, as USD/INR trims its earlier losses despite weaker US labor market data.
USDINR
India
Fundamental Analysis
Technical Analysis
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Oleh
Fxstreet
Gold prices retreat after Trump and Xi engage in trade talks
Gold prices are holding firm on Thursday, supported by easing geopolitical tensions, dovish central bank signals and ongoing weakness in US labour market data, factors that continue to drive demand for safe-haven assets.
XAUUSD
Gold
Fundamental Analysis
Technical Analysis
SEO
News Discussion Forum
Oleh
Fxstreet
JPY is soft and fading from range high – Scotiabank
Japanese Yen (JPY) is soft, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies as it fades a portion of Wednesday’s push toward the upper end of its local range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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BOJ
Japan
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Oleh
Fxstreet
GBP is extending recent gains – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% against the US Dollar (USD), outperforming most of the G10 currencies as it pushes toward last week’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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Banks
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Oleh
Fxstreet
CAD holds near yesterday’s high on soft USD, unfazed by BoC – Scotiabank
The Canadian Dollar (CAD) is steady, holding near yesterday’s high against the US Dollar (USD). The BoC’s 'dovish hold' outcome yesterday was largely as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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Technical Analysis
BOC
Canada
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Oleh
Fxstreet
EUR quietly consolidating on mixed data ahead of ECB – Scotiabank
EUR is quietly consolidating in a tight range just above 1.14, entering Thursday’s NA session unchanged from Wednesday’s close, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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Technical Analysis
EURUSD
ECB
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Oleh
Fxstreet
USD little changed as markets await NFP data – Scotiabank
Markets are trading in relatively subdued fashion, leaving the USD soft overall but little changed on the session and holding near the past week’s low, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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Banks
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Oleh
Fxstreet
BOC leaves the policy rate at 2.75% for the second time – BBH
USD/CAD is breaking lower. The downward shift in US rate expectations outweighed the Bank of Canada (BOC) slightly dovish hold, BBH FX analysts report.
Banks
BOC
USDCAD
Technical Analysis
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Oleh
Fxstreet
USD/CNH: Any further decline is unlikely to break below 7.1600 – UOB Group
US Dollar (USD) could continue to weaken against Chinese Yuan (CNH); any further decline is unlikely to break below 7.1600.
Banks
Technical Analysis
USDCNH
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Oleh
Fxstreet
USD/JPY: Likely to trade between 142.10 and 145.50 – UOB Group
There is scope for US Dollar (USD) to continue to weaken against Japanese Yen (JPY); the major support at 142.10 is unlikely to come under threat.
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Banks
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Oleh
Fxstreet
NZD/USD: Any advance is unlikely to threaten this week’s high, near 0.6055 – UOB Group
New Zealand Dollar (NZD) could edge higher against US Dollar (USD), but any advance is unlikely to threaten this week’s high, near 0.6055.
NZDUSD
Technical Analysis
Banks
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Oleh
Fxstreet
AUD/USD is close to testing 0.6540 – UOB Group
Australian Dollar (AUD) could first test 0.6515 against the US Dollar (USD) before the risk of a pullback increases. In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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Oleh
Fxstreet
GBP/USD: Unlikely to break clearly above 1.3600 – UOB Group
A slight increase in upward momentum suggests an upside bias, but Pound Sterling (GBP) is unlikely to break clearly above 1.3600. In the longer run, GBP must first close above 1.3600 before a sustained advance can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
GBPUSD
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Oleh
Fxstreet
EUR/USD clears channel resistance, eyes 1.1470 next – Société Générale
EUR/USD is showing renewed upward momentum after defending key support, breaking out of its recent channel and regaining technical strength. With bullish signals in place, the pair appears poised for further gains in the near term, Société Générale's FX analysts note.
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Technical Analysis
Banks
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Oleh
Fxstreet
USD: 'Slightly pessimistic and uncertain' – ING
'Slightly pessimistic and uncertain' was the characterisation of the US outlook expressed in the Fed's Beige Book released last night and ahead of the next FOMC meeting on 19 June.
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Oleh
Fxstreet
EUR: No big surprises from the ECB – Commerzbank
The market is convinced that the ECB will cut its key rates by another 25 basis points today. This will lower the deposit rate to 2.00%.
EURUSD
Banks
Technical Analysis
ECB
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Oleh
Fxstreet
EUR: Dovish ECB could keep Euro gains in check – ING
The ECB is widely expected to cut rates by 25bp today. This will take the deposit rate to 2.00%. The market currently prices a further 25bp cut by the 30 October meeting.
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Technical Analysis
Banks
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Oleh
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EUR/USD: Likely to test 1.1455 in the near term – UOB Group
Recovery has gained momentum; Euro (EUR) could test 1.1455 against US Dollar (USD), but a sustained rise above this level is unlikely.
EURUSD
Technical Analysis
Banks
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Oleh
Forex Live
Gold Technical Analysis – Eyes on the NFP report
Gold got stuck in another consolidation as traders await the NFP report due tomorrow
Gold
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Oleh
Fxstreet
EUR/JPY Price Forecast: Retains bullish bias above 163.00
The EUR/JPY cross edges higher to around 163.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the expectation that the next interest rate hike by the Bank of Japan (BoJ) will not come soon.
News Discussion Forum
Oleh
Fxstreet
NZD/USD Price Forecast: Holds steady near 0.6030; moves little after Chinese PMI
The NZD/USD pair trades with a positive bias for the second straight day, though it remains below the 0.6050 level through the Asian session on Thursday amid a modest US Dollar (USD) uptick.
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China
PMI
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Oleh
Fxstreet
USD/MXN Price Forecast: Finds resistance around 19.20 ahead of nine-day EMA
USD/MXN inches higher after registering losses in the previous session, trading around 19.20 during the Asian hours on Thursday. A bearish bias is prevailing as the daily chart’s technical analysis indicates the pair consolidating within a descending channel pattern.
USDMXN
Technical Analysis
Mexico
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Oleh
Forex Live
FX option expiries for 5 June 10am New York cut
A look at what is on the board for today
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Oleh
Forex Live
Nasdaq Analysis for Today with tradeCompass
Nasdaq Futures bullish above $21,750 and bearish below $21,740 (below yesterday’s VWAP). Apply the tradeCompass principles and become a better trader.
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Nasdaq
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Oleh
Fxstreet
US Dollar Index Price Forecast: Hovers below 99.00 as bearish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding its position after registering losses in the previous session and trading around 98.90 during the Asian hours on Thursday.
DollarIndex
Technical Analysis
Majors
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Oleh
Fxstreet
AUD/USD threatens psychological resistance as US Dollar bulls back down
The Australian Dollar (AUD) is gaining confidence against the US Dollar (USD) on Wednesday, with bulls eagerly approaching a critical barrier of resistance.
AUDUSD
Currencies
Majors
Technical Analysis
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Oleh
Fxstreet
NZD/JPY Price Forecast: Pulls back on mixed mood, uptrend faces key test
NZD/JPY retreated after reaching a three-day high of 86.82, dropping towards the 86.00 figure as market appetite turned slightly sour.
News Discussion Forum
Oleh
Fxstreet
AUD/JPY Price Forecast: Retails bullish bias, despite retracing from 4-day high
The AUD/JPY erased some of its earlier gains, dropping 0.20% late during Wednesday’s North American session, as US equities finished mixed due to worse-than-expected US economic data. At the time of writing, the cross-pair trades at 92.73, after hitting a four-day peak of 93.58.
News Discussion Forum
Oleh
Fxstreet
Silver Price Forecast: XAG/USD holds steady near $34.50 as bulls take a breather
Silver price consolidated during Wednesday’s session, trading almost flat near $34.50, as traders seem reluctant to push the metal’s prices outside of the $34.00-$34.50 range.
Technical Analysis
XAGUSD
Silver
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Oleh
Fxstreet
USD/CHF Price Forecast: Dives below 0.82 as sellers regain control on USD slide
USD/CHF drops from around three-day highs near 0.8250 and tumbles as the Greenback prolongs its agony, following a slight recovery on Tuesday. At the time of writing, the pair trades at 0.8174, down 0.78%.
Technical Analysis
USDCHF
Currencies
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Oleh
Fxstreet
EUR/USD stays resilient despite US data disappointments
The EUR/USD advances on Wednesday, edging up over 0.42% as the Greenback erases Tuesday’s gains following the release of weaker-than-expected economic data from the United States (US).
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Majors
Macroeconomics
Technical Analysis
SEO
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Oleh
Fxstreet
WTI Price Forecast: WTI stalls below $63, pressured by oversupply risks and weak fuel demand
West Texas Intermediate (WTI) crude oil prices retreat on Wednesday after two straight days of gains. At the time of writing, WTI is hovering above the 21-day Exponential Moving Average (EMA), down nearly 1.5% from the intraday high of $63.31, and trading around $62.41 during the American session.
WTI
Oil
Technical Analysis
SupportResistance
Energy
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Oleh
Fxstreet
USD/JPY weakens as the safe-haven Yen benefits from a softer US Dollar
The Japanese Yen (JPY) is gaining ground against the US Dollar (USD) on Wednesday, following a series of economic data releases and rising trade tensions, which have contributed to Yen appreciation.
USDJPY
Majors
Macroeconomics
Fundamental Analysis
Technical Analysis
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Oleh
Fxstreet
Gold price surges on poor ISM data, rising trade tensions
Gold price rallied over 0.80% on Wednesday during the North American session. The release of weaker-than-expected economic data from the United States (US) pushed XAU/USD higher as business activity softened and the jobs market added fewer people to the workforce.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
News Discussion Forum
Oleh
Fxstreet
EUR/CAD steadies as Bank of Canada holds rate steady at 2.75%
EUR/CAD is trading flat in the early hours of the American session on Wednesday after the Bank of Canada (BoC) announced its decision to leave interest rates unchanged at 2.75%.
EURCAD
BOC
Macroeconomics
Technical Analysis
Crosses
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Oleh
Fxstreet
JPY: Media report of BoJ equivocation on policy normalization – Scotiabank
The Japanese Yen (JPY) is weak, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies with all other major currency peers showing modest gains (vs. USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
BOJ
Japan
Banks
Technical Analysis
News Discussion Forum
Oleh
Fxstreet
GBP is trading quietly on the day – Scotiabank
Pound Sterling (GBP) is also trading in a tight range, entering Wednesday’s NA session with a minor gain vs. the US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
News Discussion Forum
Oleh
Fxstreet
EUR flat vs. USD following modest improvement in PMI’s – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session unchanged against the US Dollar (USD), quietly consolidating in a tight range just below 1.14, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
News Discussion Forum
Oleh
Fxstreet
Gold prices strengthen following weak US ADP, ISM Services data
Gold prices are firming above $3,350 against the US Dollar (USD) on Wednesday after a negative ADP employment release and a poor ISM Services PMI print reduced demand for the Greenback.
Gold
XAUUSD
Technical Analysis
SEO
News Discussion Forum
Oleh
Fxstreet
CAD little changed ahead of BoC policy decision – Scotiabank
USD/CAD is essentially flat as markets await the BoC policy decision. The economists’ consensus has swung to no change after anticipating a 25bps cut until late last week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
USDCAD
BOC
Technical Analysis
Canada
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