AUD/NZD Price Analysis: Aussie extends gains near 1.0800 as bullish momentum builds
AUD/NZD Price Analysis: Aussie extends gains near 1.0800 as bullish momentum builds
The AUD/NZD pair climbed higher on Thursday, trading near the 1.0800 area after the European session, reflecting a steady bullish tone as the market approaches the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Bullish
USD/JPY surges on Fed hold and US-UK trade optimism
USD/JPY surges on Fed hold and US-UK trade optimism
The USD/JPY pair surged higher as the US Dollar (USD) strengthened following the Federal Reserve’s decision to leave interest rates unchanged, coupled with renewed optimism over US-UK trade ties.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
EUR/JPY Price Analysis: Euro climbs toward 164.00 as bullish momentum builds
EUR/JPY Price Analysis: Euro climbs toward 164.00 as bullish momentum builds
The EUR/JPY pair pushed higher on Thursday, trading near the 164.00 zone after the European session, reflecting a strong bullish tone as the pair approaches the Asian session.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
Gold price falls below $3,320 as risk appetite improves on UK-US deal
Gold price falls below $3,320 as risk appetite improves on UK-US deal
Gold price tumbled for the second consecutive day as traders erased Bullion’s advance on Tuesday, which pushed its gains past the $3,400 figure. The announcement of a US-UK trade deal boosted the US Dollar (USD) to the detriment of XAU/USD, which trades at $ 3,311, down over 1.60%.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
EUR/GBP Price Analysis: Euro weakens near 0.8500 as short-term signals turn negative
The EUR/GBP pair drifted lower on Thursday, trading near the 0.8500 zone after the European session and settling within the middle of the day’s range. The decline reflects growing bearish sentiment in the short term, with technical signals tilting to the downside.
Crosses
Technical Analysis
Currencies
EURGBP
EURUSD falls below key floor support and the 38.2% retracement
EURUSD falls below key floor support and the 38.2% retracement
Resistance is now at 38.2% at 1.1250 and then the 1.1265-1.1275. If sellers are to take more control, staying below is KEY.
EUR
USD
USD/CHF rises as US trade optimism fades and Swiss Franc weakens on risk sentiment
USD/CHF rises as US trade optimism fades and Swiss Franc weakens on risk sentiment
The USD/CHF pair is trading higher as the US Dollar (USD) gains momentum on mixed economic signals and trade optimism, while the Swiss Franc (CHF) weakens amid broader risk-on sentiment.
Technical Analysis
Currencies
Majors
USDCHF
Fundamental Analysis
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
EUR/USD Price Analysis: Euro steadies near 1.1300 as mixed signals limit momentum
The EUR/USD pair holds steady around the 1.1300 area on Thursday, maintaining a neutral tone after the European session. Price action remains confined within the day’s range, reflecting a cautious market stance as traders assess the broader trend.
Technical Analysis
Currencies
EURUSD
Majors
EURUSD retests key support zone as bearish pressure mounts
EURUSD retests key support zone as bearish pressure mounts
1.1265–1.12754 area under pressure; eyes shift to 38.2% retracement at 1.12505. Key support.
EUR
USD
AUDUSD finds resistance at key MAs as sellers retake short-term control
AUDUSD finds resistance at key MAs as sellers retake short-term control
Price action whipsaws between key moving averages, with bearish pressure building below 0.64308 and 0.6460
AUD
USD
USDCAD rallies to key ceiling zone—buyers eye bullish breakout
USDCAD rallies to key ceiling zone—buyers eye bullish breakout
Price lifts through moving averages and targets April highs; a break above 1.3904 could open the door with 1.4000 a key target
EUR softening to lower end of recent range – Scotiabank
EUR softening to lower end of recent range – Scotiabank
The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD is pulling back within recent range – Scotiabank
CAD is pulling back within recent range – Scotiabank
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
USD extending post-Fed gains as markets focus on US/UK trade deal – Scotiabank
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
DollarIndex
Technical Analysis
Fed
USD/CNH: The level to watch is at 7.1700 – UOB Group
USD/CNH: The level to watch is at 7.1700 – UOB Group
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDCNH
Banks
USD/CAD moves higher after failing to break below 1.3800 – BBH
USD/CAD moves higher after failing to break below 1.3800 – BBH
USD/CAD climbs after a failed attempt to break key technical support at 1.3800, with ongoing trade uncertainties keeping pressure on the Canadian Dollar (CAD), BBH FX analysts report.
Technical Analysis
USDCAD
Banks
USD/JPY is still consolidating – UOB Group
USD/JPY is still consolidating – UOB Group
Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
USD/JPY breaks above 144.00 after dovish BoJ minutes – BBH
USD/JPY breaks above 144.00 after dovish BoJ minutes – BBH
USD/JPY has firmed above 144.00 as dovish BoJ signals and downgraded forecasts reinforce the view that Japan’s rate hike cycle is near its end, BBH FX analysts report.
Technical Analysis
BOJ
USDJPY
Banks
NZD/USD: Likely to trade between 0.5890 and 0.6030 – UOB Group
NZD/USD: Likely to trade between 0.5890 and 0.6030 – UOB Group
Sharp drop appears overdone, but New Zealand Dollar (NZD) could decline to 0.5920 against US Dollar (USD) before stabilisation is likely.
Technical Analysis
Banks
NZDUSD
EUR/NOK rejected at key multiyear resistance – Société Générale
EUR/NOK rejected at key multiyear resistance – Société Générale
EUR/NOK is retreating after a failed breakout above 12.05, with focus shifting to support near the 50-DMA and downside targets at 11.60 and 11.45, Société Générale's FX analysts note.
Technical Analysis
EURNOK
Norway
Banks
GBP/USD stalls near key channel resistance – Société Générale
GBP/USD stalls near key channel resistance – Société Générale
The GBP/USD rally is showing signs of fatigue near major resistance at 1.3430–1.3500, with momentum fading and key support at 1.3230 now under close watch, Société Générale's FX analysts note.
Technical Analysis
Banks
GBPUSD
AUD/USD: Likely to trade in a lower range of 0.6400/0.6470 – UOB Group
AUD/USD: Likely to trade in a lower range of 0.6400/0.6470 – UOB Group
Rather than sustaining its downward momentum, Australian Dollar (AUD) is more likely to trade in a lower range of 0.6400/0.6470.
Technical Analysis
Banks
AUDUSD
USD: Dollar to take its cue from the US-UK trade deal – ING
USD: Dollar to take its cue from the US-UK trade deal – ING
Following a social media post from President Trump last night that a major trade deal would be announced at 16CET/10ET today, speculation is rife that it will be a US-UK agreement.
Technical Analysis
Banks
DollarIndex
GBP/USD remains below 1.3335 – UOB Group
GBP/USD remains below 1.3335 – UOB Group
Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
GBP: We're not as dovish as some on the BoE – ING
GBP: We're not as dovish as some on the BoE – ING
Today's Bank of England meeting should be a market mover, ING's FX analyst Chris Turner notes.
Technical Analysis
BOE
Banks
GBPUSD
EUR/USD is tilted to the downside – UOB Group
EUR/USD is tilted to the downside – UOB Group
Bias for Euro (EUR) is tilted to the downside vs US Dollar (USD); any decline is likely limited to a test of 1.1280. In the longer run, current price movements are likely part of a consolidation phase between 1.1225 and 1.1410, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR: Are long positions getting stale? – ING
EUR: Are long positions getting stale? – ING
EUR/USD has drifted lower to test support at 1.1300 today, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
NZD/USD Price Forecast: Remains below nine-day EMA near 0.5950 psychological resistance
NZD/USD Price Forecast: Remains below nine-day EMA near 0.5950 psychological resistance
The NZD/USD pair extends losses for the second successive session, trading around 0.5930 during European hours on Thursday. The technical analysis of the daily chart indicates a weakening bullish bias, as the pair trades further below the ascending channel pattern.
Technical Analysis
Majors
NZDUSD
Gold Technical Analysis – Trump’s announcement weighs on the precious metal
Gold Technical Analysis – Trump’s announcement weighs on the precious metal
Trump’s announcement on a trade deal with the UK is weighing on gold as some positions get unwound on positive expectations. What’s next?
Gold
FX option expiries for 8 May 10am New York cut
FX option expiries for 8 May 10am New York cut
A look at what is on the board for today
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver Price Forecast: XAG/USD remains close to bullish flag hurdle near $33.20 area
Silver (XAG/USD) attracts fresh buying during the Asian session on Thursday and reverses a major part of the previous day's retracement slide from over a one-week high. The white metal climbs to the $33.00 neighborhood in the last hour and seems poised to appreciate further.
Technical Analysis
Silver
Commodities
XAGUSD
Bullish
NZD/USD retreats as Fed signals caution and Kiwi struggles on mixed jobs data
NZD/USD retreats as Fed signals caution and Kiwi struggles on mixed jobs data
The NZD/USD pair is pulling back from a six-month high near 0.6025 reached earlier on Wednesday, trading around 0.6000 as investors react to the Federal Reserve’s (Fed) cautious policy tone and mixed economic data from New Zealand.
Technical Analysis
Currencies
Majors
NZDUSD
GBP/JPY Price Analysis: Pound holds near 191.00 as bullish tone strengthens
GBP/JPY Price Analysis: Pound holds near 191.00 as bullish tone strengthens
The GBP/JPY pair edged higher on Wednesday, trading around the 191.00 zone as buyers maintained control.
Crosses
Technical Analysis
Currencies
GBPJPY
Bullish
USD/CHF Price Forecast: Holds above 0.8200 post-Fed meeting
USD/CHF Price Forecast: Holds above 0.8200 post-Fed meeting
USD/CHF consolidates on Wednesday, registering a daily close with gains of over 0.21%. The pair witnessed a drop from around 0.8847 to 0.8038, the yearly low in eleven days.
Technical Analysis
Currencies
Majors
USDCHF
EUR/JPY Price Analysis: Euro holds steady near 163.00 as bullish signals build
EUR/JPY Price Analysis: Euro holds steady near 163.00 as bullish signals build
The EUR/JPY pair edged higher on Wednesday, trading around the 163.00 zone, reflecting a steady upward bias as the market heads into the Asian session.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
USDJPY sellers tried, the buyers are now making a run.
USDJPY sellers tried, the buyers are now making a run.
The indecisiveness from the Fed is in the USDJPY too