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USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH slips below March lows, downtrend resumes – Société Générale
USD/CNH has lost traction after failing to hold above its 50-DMA and now trades below key March support, with the pair’s inability to reclaim 7.30 suggesting further downside risk toward 7.14 and 7.10, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD rebounds, eyes break above 200-DMA – Société Générale
AUD/USD has staged a steady recovery from last month’s lows and is now testing the 200-day moving average, with a breakout above February highs near 0.6410 seen as critical for unlocking further upside toward 0.6550 and beyond, Société Générale's FX analysts note.
Technical Analysis
Banks
AUDUSD
USD/CNH can rise further to 7.2400 – UOB Group
USD/CNH can rise further to 7.2400 – UOB Group
Rebound amid apparent positive divergence suggests US Dollar (USD) could rise further to 7.2400 vs Chinese Yuan (CNH); strong resistance at 7.2800 is unlikely to come under threat. In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700,
Technical Analysis
USDCNH
Banks
USD/JPY has likely entered a consolidation phase – UOB Group
USD/JPY has likely entered a consolidation phase – UOB Group
US Dollar (USD) is expected to trade in a 143.40/144.85 range vs Japanese Yen (JPY). In the longer run, USD has likely entered a consolidation phase and is likely to trade between 142.20 and 146.70 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD faces downside risks despite recent stabilization – Danske Bank
USD faces downside risks despite recent stabilization – Danske Bank
Although the US dollar has found temporary support from equity gains and easing trade tensions, lingering soft data and early signs of labour market weakness suggest the greenback remains vulnerable to a gradual decline, reinforcing a bearish medium-term outlook, Danske Bank's FX analysts report.
Technical Analysis
Currencies
EURUSD
Banks
DollarIndex
NZD/USD: Likely to trade in a range – UOB Group
NZD/USD: Likely to trade in a range – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range vs US Dollar (USD), probably between 0.5930 and 0.5980. In the longer run, for the time being, NZD is expected to trade in a 0.5890/0.6005 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
USD: What the TWD is telling us – ING
USD: What the TWD is telling us – ING
The most notable development in FX over the past few days has been the exceptional rally in the Taiwanese dollar, and to a lesser extent in other Asian currencies (MYR, THB, KRW).
Banks
DollarIndex
Technical Analysis
USDCNH
Is the Swiss National Bank getting nervous? – Commerzbank
Is the Swiss National Bank getting nervous? – Commerzbank
Yesterday's Swiss inflation figures for April are likely to have heightened the concerns of the Swiss National Bank (SNB) once again.
Technical Analysis
Inflation
SNB
Banks
Switzerland
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
AUD/USD: Likely to trade in a range between 0.6420 and 0.6485 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6420 and 0.6485 vs US Dollar (USD). In the longer run, further AUD strength is not ruled out, but it must first break clearly above 0.6510, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA
USD/CAD Price Forecast: Trades near 1.3800 after retreating from levels near nine-day EMA
The USD/CAD pair is retracing its recent gains from the previous session, trading around 1.3820 during the European hours on Tuesday. The daily chart's technical analysis suggested a sustained bearish sentiment, as the pair continues to trade within a descending channel pattern.
Technical Analysis
USDCAD
Majors
Levels
GBP: Widely expect BoE cut this week – ING
GBP: Widely expect BoE cut this week – ING
EUR/GBP seems to be attracting buyers around the 0.850 level and is awaiting another clear-cut GBP bullish catalyst for a break lower, ING's FX analyst Francesco Pesole notes.
Banks
Technical Analysis
GBPUSD
EURGBP
An early preview of the Bank of England meeting – Commerzbank
An early preview of the Bank of England meeting – Commerzbank
Reports emerged yesterday morning that the Bank of England (BoE) may lower its inflation and growth forecasts at Thursday's meeting and remove the reference to 'gradual' interest rate cuts from its statement.
Technical Analysis
UnitedKingdom
BOE
Banks
GBPUSD
GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group
GBP/USD: Any decline is unlikely to reach 1.3230 – UOB Group
Tentative buildup in momentum suggests Pound Sterling (GBP) is likely to trade with a downward bias vs US Dollar (USD); any decline is unlikely to reach 1.3230.
Technical Analysis
Banks
GBPUSD
EUR: Overvaluation can't be unseen – ING
EUR: Overvaluation can't be unseen – ING
There are no major data releases in the eurozone calendar this week, with the focus on some ECB speakers instead. Today, arch-dove Panetta speaks at an event in Asia.
Technical Analysis
EURUSD
Banks
EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group
EUR/USD: Any decline is likely limited to a test of 1.1280 – UOB Group
Euro (EUR) is under mild downward pressure against the US Dollar (USD) and is likely to edge lower; any decline is likely limited to a test of 1.1280.
Technical Analysis
EURUSD
Banks
Gold Technical Analysis – Focus on the FOMC decision
Gold Technical Analysis – Focus on the FOMC decision
Gold erased last week’s losses, but the FOMC decision could be a risk for bulls.
Gold
GBP/USD Price Forecast: Hovers around 1.3300 as nine-day EMA caps upside
GBP/USD Price Forecast: Hovers around 1.3300 as nine-day EMA caps upside
The GBP/USD pair attempts to maintain its position after registering gains in the previous session, trading around 1.3300 during the Asian trading hours on Tuesday.
Technical Analysis
Majors
GBPUSD
EUR/USD Price Forecast: Remains confined in a range around 1.1300 ahead of FOMC meeting
EUR/USD Price Forecast: Remains confined in a range around 1.1300 ahead of FOMC meeting
The EUR/USD pair reverses an Asian session tip to the 1.1280-1.1275 region on Tuesday and climbs a fresh daily high in the last hour, though it lacks strong follow-through buying.
EURUSD
Fed
Technical Analysis
Currencies
FX option expiries for 6 May 10am New York cut
FX option expiries for 6 May 10am New York cut
A look at what is on the board for today
AUD/NZD Price Analysis: Aussie drifts near 1.0800 as bullish structure faces mixed signals
AUD/NZD Price Analysis: Aussie drifts near 1.0800 as bullish structure faces mixed signals
The AUD/NZD pair hovered around the 1.0800 mark on Monday after the European session, slipping slightly but staying within a narrow mid-range as the market heads into Asia.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Bullish
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
GBP/JPY Price Analysis: Pound holds steady near 191.00 amid mixed technical landscape
The GBP/JPY pair showed marginal movement on Monday, holding near the 191.00 zone following the European session. Price action remained flat within a narrow range, reflecting uncertainty in direction as momentum indicators deliver conflicting signals.
Crosses
Technical Analysis
Currencies
GBPJPY
EUR/JPY Price Analysis: Euro pulls back near 163.00 but bullish trend remains intact
EUR/JPY Price Analysis: Euro pulls back near 163.00 but bullish trend remains intact
The EUR/JPY pair slipped lower on Monday, falling toward the 163.00 zone as the session closed and ahead of the Asian open. Despite the day’s decline, the broader setup remains constructive, with the pair still holding above critical trendline supports.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
USD/CHF Price Forecast: Slips below 0.8250 as bullish harami hits at rebound potential
USD/CHF Price Forecast: Slips below 0.8250 as bullish harami hits at rebound potential
The USD/CHF extended its losses for the second straight day, and it is down over 0.46%, trading at 0.8221.
Technical Analysis
Currencies
Majors
USDCHF
Bullish
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
USD/JPY Price Forecast: Falls below 144.00 as safe haven flows favor Yen
The USD/JPY dropped late during the North American session as investors seeking safety bought the Japanese Yen (JPY) and ditched the US Dollar (USD) amid the lack of announcements of trade deals, despite rumors that the US and China are close to beginning talks.
Technical Analysis
Currencies
USDJPY
USDJPY hanging around a cluster of technical levels
USDJPY hanging around a cluster of technical levels
The 38.2% at 144.208 and the rising 200 hour MA at 143.44 area the higher and lower levels technically.
Silver Price Forecast: XAG/USD rises past $33.00 on weak US Dollar
Silver Price Forecast: XAG/USD rises past $33.00 on weak US Dollar
Silver's price advanced close to 1% on Monday, as the US Dollar (USD) remains pressured due to US President Donald Trump's tariffs and appetite for the haven’s appeal of precious metals like Gold and the grey metal.
Technical Analysis
Silver
Metals
XAGUSD
EUR/CAD Price Analysis: Euro edges higher near 1.5600 as longer-term bias holds firm
EUR/CAD Price Analysis: Euro edges higher near 1.5600 as longer-term bias holds firm
The EUR/CAD pair ticked higher on Monday, trading around the 1.5600 area after the European session. While price action remained within the middle of the daily range, the pair showed signs of underlying strength, aligning with a broader bullish structure.
Crosses
Technical Analysis
Currencies
EURCAD
GBPUSD buyers miss their chance above key MAs; bearish focus builds
GBPUSD buyers miss their chance above key MAs; bearish focus builds
Price holds below 100/200-hour MAs as sellers eye deeper support targets
GBP
USD
EUR/USD Price Analysis: Euro holds firm near 1.1300 as bullish trend persists
EUR/USD Price Analysis: Euro holds firm near 1.1300 as bullish trend persists
The EUR/USD pair edged higher on Monday, trading around the 1.1300 zone following the European session. Price action stayed confined within the mid-range of the day’s movement, reflecting a steady grind higher rather than an impulsive breakout.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
EURUSD fails at 200-hour MA again; sellers regain short-term control
EURUSD fails at 200-hour MA again; sellers regain short-term control
Momentum fades on upside attempt as focus shifts to 1.13072 and key retracement support at 1.12505
EUR
USD
GBP/USD rises above 1.33 as US PMI data fails to lift USD
GBP/USD rises above 1.33 as US PMI data fails to lift USD
The Pound Sterling (GBP) advanced some 0.32% against the US Dollar (USD) on Monday, back above the 1.33 handle, as market participants digested data from the United States (US) portraying that business activity in the services sector is gathering some steam, yet fails to underpin the Greenback.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
NZDUSD eyes key swing resistance at 0.6000 after bounce from 100-hour MA
NZDUSD eyes key swing resistance at 0.6000 after bounce from 100-hour MA
Buyers remain in control with focus on breaking through the multi-day ceiling at 0.6000 Buyers remain in control with focus on breaking through the multi-day ceiling at 0.6000
 Mexican Peso holds ground as weak US data and policy outlook weigh on USD
Mexican Peso holds ground as weak US data and policy outlook weigh on USD
The Mexican Peso (MXN) remains stable against the US Dollar (USD) on Monday despite rising tensions over the weekend between Mexican President Claudia Sheinbaum and US President Donald Trump regarding a rejected proposal to deploy American troops in Mexico.
Technical Analysis
SEO
USDMXN
Banxico
Fundamental Analysis
USDCAD sellers stay in control as moving averages cap rallies
USDCAD sellers stay in control as moving averages cap rallies
100/200-hour MAs at 1.38197 and 1.38394 define risk; downside bias holds while price stays below
CAD
USD
USDCHF fades after testing key resistance; sellers back in control
USDCHF fades after testing key resistance; sellers back in control
Failure to hold above 100/200-hour moving averages shifts focus back to lower support range near 0.8195 – 0.8212
The USD is lower to kickstart the new trading day.A technical review of the 3 major pairs
The USD is lower to kickstart the new trading day.A technical review of the 3 major pairs
The USD is lower as is the US stocks and the yields to start the new trading week.
USD/CAD Price Forecast: Holds position above 1.3800, barrier appears near nine-day EMA
USD/CAD Price Forecast: Holds position above 1.3800, barrier appears near nine-day EMA
The USD/CAD pair is remaining steady after registering gains in the previous session, trading around 1.3810 during the European hours on Monday.
Technical Analysis
USDCAD
Majors
Oil Futures Analysis Today Based on Order Flow Analysis
Oil Futures Analysis Today Based on Order Flow Analysis
Bullish momentum in today's oil futures market with key order flow observations and targets for traders to capitalize on, with specific prices/targets to consider. Trade oil at your own risk.
Oil
OrderFlow Intel
USDJPY Technical Analysis – Focus on the FOMC and the first trade deal
USDJPY Technical Analysis – Focus on the FOMC and the first trade deal
The USDJPY pair continues to keep the upward momentum going as we head into the FOMC decision and await the first trade deal. What’s next?
JPY
USD