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JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
JPY pushes lower by dovish BoJ pulling back on tightening clarity – Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all the G10 currencies in response to the BoJ’s latest policy meeting, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP quiet despite improvement in manufacturing PMI – Scotiabank
GBP quiet despite improvement in manufacturing PMI – Scotiabank
The Pound Sterling (GBP) is entering Thursday’s NA session flat against the US Dollar (USD), outperforming all the G10 currencies with the exception of Euro (EUR), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD slips modestly on firmer USD – Scotiabank
CAD slips modestly on firmer USD – Scotiabank
The Canadian Dollar (CAD) has slipped a little overnight after briefly probing sub-1.38 levels late yesterday. President Trump commented that PM Carney will visit Washington shortly and anticipated a 'great relationship' with Canada, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
EUR recovers from sub-1.13 dip in quiet labour day trade – Scotiabank
Euro (EUR) is entering Thursday’s NA session unchanged from Wednesday’s close, finding modest support following a short-lived dip below 1.1300, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD improves on stock rebound, trade hopes – Scotiabank
USD improves on stock rebound, trade hopes – Scotiabank
It feels like a fairly 'normal' day is unfolding across markets for once. US stock futures are higher on the back of solid earnings data from the tech sector while hopes for progress on trade are also supporting sentiment, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
USD: US economy contracts ahead of nonfarm payrolls report – MUFG
The US dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar index rising back above the 100.00-level overnight although US dollar gains are mainly against the yen.
Technical Analysis
NFP
USDJPY
Banks
DollarIndex
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
JPY: BoJ expresses more caution over delivering further rate hikes – MUFG
The yen has weakened overnight following the BoJ’s latest policy meeting. It has helped to lift USD/JPY back above 144.50 as the pair moves further above the low of 139.89 set on 22nd April.
Technical Analysis
BOJ
Japan
USDJPY
Banks
USD/JPY rises post-BoJ – Société Générale
USD/JPY rises post-BoJ – Société Générale
USD/JPY pushed higher after the Bank of Japan held policy steady and delivered a dovish message, but we continue to expect gradual JPY appreciation as safe haven demand and domestic inflows persist despite near-term positioning risks, Société Générale's FX analysts note.
Technical Analysis
USDJPY
Banks
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver Price Forecast: XAG/USD moves below $32.50 near 50-day EMA
Silver price (XAG/USD) is extending its losses for the third successive session, trading around $32.30 per troy ounce during the European session on Thursday.
Technical Analysis
Silver
Metals
Commodities
XAGUSD
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
EUR/JPY Price Analysis: Bulls flirt with trading range hurdle, around mid-163.00s on dovish BoJ
The EUR/JPY cross catches aggressive bids on Thursday and rallies to a fresh weekly high, around the mid-163.00s during the first half of the European session amid the dovish Bank of Japan (BoJ)-inspired selling around the Japanese Yen (JPY).
Crosses
Technical Analysis
Currencies
BOJ
EURJPY
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY breaks 144 after dovish BoJ cuts forecasts – ING
USD/JPY climbed above 144 as a dovish Bank of Japan cut its growth and inflation forecasts, amplifying downside risks and sending JGB yields lower, while the broader risk environment continued to weigh on the US Dollar, ING's FX analyst Chris Turner notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
USD: April ISM poses the downside risk – ING
USD: April ISM poses the downside risk – ING
Whether it has been the approach of public holidays or some real improvement in the global geopolitical environment, cross-market measures of financial volatility continue to fall.
Technical Analysis
Fed
Banks
DollarIndex
EUR: We may see 1.1250 after all – ING
EUR: We may see 1.1250 after all – ING
A week ago, we were thinking that EUR/USD could retrace to the 1.1250 area, and it's taken some time, but we may get there after all, ING's FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Banks
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.
Technical Analysis
USDCAD
Majors
Gold Technical Analysis – The stagflationary risk continues to be priced out
Gold Technical Analysis – The stagflationary risk continues to be priced out
Gold continues to edge lower as the market unwinds some of the overstretched positions built on stagflationary expectations. What’s next?
EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
The EUR/USD pair weakens to around 1.1295 during the early European session on Thursday, pressured by the renewed US Dollar (USD) demand. The optimism over the potential de-escalation of the US-China trade war provides some support to the Greenback and creates a headwind for the major pair.
EURUSD
Majors
Technical Analysis
Bullish
FX option expiries for 1 May 10am New York cut
FX option expiries for 1 May 10am New York cut
A look at what is on the board for today
USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
The USD/CHF pair holds ground for the third successive session, trading around 0.8270 during the Asian hours on Thursday. The daily chart suggests a neutral market bias, with the pair consolidating within a recently established rectangular pattern.
USDCHF
Technical Analysis
Majors
Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver (XAG/USD) drifts lower for the third straight day – also marking the fourth day of a negative move in the previous five – and drops to over a two-week low during the Asian session on Thursday.
Technical Analysis
Silver
Commodities
XAGUSD
AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens
AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens
The AUD/NZD pair is trading with a slight downside bias on Wednesday as it hovers near the mid-1.0800s, showing mild losses for the day ahead of the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
USD/JPY edges lower as recession fears rise and Japan data underwhelms
USD/JPY edges lower as recession fears rise and Japan data underwhelms
The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge
EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge
The EUR/JPY pair moved modestly lower on Wednesday, holding near the 162.00 area as it heads into the Asian session. Price action remained contained within a tight daily range, reflecting indecision among traders.
Crosses
Technical Analysis
Currencies
EURJPY
Gold price slips below $3,300 amid weak US data, set for over 5% monthly gains
Gold price slips below $3,300 amid weak US data, set for over 5% monthly gains
Gold fell some 0.69% during the North American session on Wednesday after hitting a daily high of $3,328. Data from the United States (US) revealed an economic contraction and fueled speculation for further interest rate cuts by the Federal Reserve (Fed).
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
NASDAQ rebounds after early plunge; eyes key resistance at 50% midpoint
NASDAQ rebounds after early plunge; eyes key resistance at 50% midpoint
The low today stalled ahead of the 200 hour MA and the 50 hour MA
USD/CHF down as soft US data and China slowdown hit sentiment
USD/CHF down as soft US data and China slowdown hit sentiment
The USD/CHF is trading with losses, staying close to its recent lows after a wave of soft US data and deteriorating macro signals from China triggered broad risk-off flows in the market.
Technical Analysis
Currencies
Majors
USDCHF
EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
The EUR/GBP pair is trading with mild gains on Wednesday, hovering around the mid-0.8500 zone following the European session. The pair rebounded within the day’s range, showing modest upward pressure.
Crosses
Technical Analysis
Currencies
EURGBP
GBP/USD drops as US economy shrinks, inflation holds firm
GBP/USD drops as US economy shrinks, inflation holds firm
The Pound Sterling (GBP) tumbled against the US Dollar (USD) as the economy in the United States (US) contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, GBP/USD trades at 1.3331, down 0.51%
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages.
Technical Analysis
Currencies
EURUSD
Majors
AUDUSD stalls at resistance and breaks lower — bearish bias below key MAs
AUDUSD stalls at resistance and breaks lower — bearish bias below key MAs
The MAs and swing level between 0.63901 and 0.6398 is now resistance
GBPUSD retreats after false break of 2024 high — sellers regain short-term control
GBPUSD retreats after false break of 2024 high — sellers regain short-term control
The 200 hour moving averages at 1.33405. The 100 hour moving averages at 1.33547. Stay below is more bearish
USDCAD tests key moving averages: Break higher or rejection next?
USDCAD tests key moving averages: Break higher or rejection next?
USDCAD is testing key moving averages with potential for a bullish breakout towards resistance levels, while failure could lead to downside pressure. Momentum above or below moving averages will determine next move.
USDCHF stuck between key moving averages: Will momentum break the deadlock?
USDCHF stuck between key moving averages: Will momentum break the deadlock?
USDCHF tests key moving averages with buyers and sellers in a stalemate. A decisive move above 0.82626 could signal bullish momentum, while a break below 0.8217 may lead to further downside.
Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
What levels are in play for the 3 major currency pairs at the start of the US trading session for April 30, 2024
JPY is underperforming on data disappointment – Scotiabank
JPY is underperforming on data disappointment – Scotiabank
Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all the G10 currencies on the back of weaker than expected industrial production and retail sales data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP soft in quiet trade, consolidating recent rally – Scotiabank
GBP soft in quiet trade, consolidating recent rally – Scotiabank
Pound Sterling (GBP) is soft, down 0.3% against the US Dollar (USD) and underperforming most G10 currencies in quiet, mixed trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD holds trading range – Scotiabank
CAD holds trading range – Scotiabank
April has been good for the Canadian Dollar (CAD) (it’s strongest month against the US Dollar (USD) since 2019) but spot continues to range trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD consolidates ahead of GDP – Scotiabank
USD consolidates ahead of GDP – Scotiabank
The US Dollar (USD) continues to consolidate and is trading mixed versus its major currency peers on the session.
Technical Analysis
Fed
Banks
DollarIndex
EUR marginally weaker – Scotiabank
EUR marginally weaker – Scotiabank
Euro (EUR) is down a marginal 0.2% against the US Dollar (USD), trading quietly and consolidating within a narrow band at the lower end of its three-week range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks