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EUR/JPY price analysis: Pair holds bullish stance despite minor losses
EUR/JPY price analysis: Pair holds bullish stance despite minor losses
The EUR/JPY pair is trading near the 164.00 zone ahead of the Asian session on Wednesday, reflecting a slightly bullish tone despite minor losses on the day.
EURJPY
Crosses
Currencies
Technical Analysis
Bullish
GBP/USD slips modestly from weekly high as traders await UK GDP
GBP/USD slips modestly from weekly high as traders await UK GDP
The Pound Sterling (GBP) erases some of its earlier gains on Wednesday after reaching a weekly high of 1.3359, and edges down 0.03% amid a lack of catalysts as traders brace for the release of GDP figures for the United Kingdom (UK). At the time of writing, GBP/USD trades at 1.3293.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Currencies
EUR/GBP rebounds as markets weigh inflation and policy outlook
EUR/GBP rebounds as markets weigh inflation and policy outlook
The EUR/GBP exchange rate is staging a modest rebound on Wednesday, recovering from a week-long decline as investors respond to stable German inflation figures and cautious commentary from both the European Central Bank (ECB) and Bank of England (BoE) officials. 
EURGBP
Fundamental Analysis
Technical Analysis
Crosses
USD/CHF holds steady amid softer US Dollar and trade optimism
USD/CHF holds steady amid softer US Dollar and trade optimism
The USD/CHF pair holds firm above 0.8320 on Wednesday during early American trading hours after declining for the second straight day.
USDCHF
SNB
Macroeconomics
Fundamental Analysis
Silver Price Forecast: XAG/USD plummets to near $32 as its safe-haven demand fizzles out
Silver Price Forecast: XAG/USD plummets to near $32 as its safe-haven demand fizzles out
Silver price (XAG/USD) is down over 1% to near $32.15 during North American trading hours on Wednesday. The white metal faces a sharp selling pressure as demand for safe-haven assets has fizzled out, with the United States (US) and China aiming to avert a more than a month-long trade war.
Silver
XAGUSD
Resources
Inflation
China
EIA weekly US crude oil inventories +3454K vs -1078K expected
EIA weekly US crude oil inventories +3454K vs -1078K expected
Weekly US energy inventory data for the week ending May 9
NZD/USD gives up gains as US Dollar recovers some initial losses, Fed Powell’s speech eyed
NZD/USD gives up gains as US Dollar recovers some initial losses, Fed Powell’s speech eyed
The NZD/USD pair gives back its intraday gains and ticks lower to near 0.5935 during North American trading hours on Wednesday. The Kiwi pair corrects as the US Dollar (USD) recoups some of its intraday losses.
NZDUSD
Fed
RBNZ
DollarIndex
China
Gold Price Forecast: XAU/USD breaks support as market looks for next catalyst
Gold Price Forecast: XAU/USD breaks support as market looks for next catalyst
Gold prices remain under pressure as investors reassess the interest rate outlook and digest mixed signals from recent US economic data. At the time of writing, XAU/USD is down 2.23% on the day, trading below $3,200, extending a week-to-date decline of 4.26%. 
Gold
XAUUSD
Fed
DollarIndex
Technical Analysis
Fed’s Jefferson: Tariffs could lead to higher inflation
Fed’s Jefferson: Tariffs could lead to higher inflation
Fed Vice Chair Philip Jefferson said that recent inflation numbers suggest the Fed is still making headway toward its 2% target. However, he cautioned that the outlook has become less certain, with the threat of new import tariffs potentially pushing prices higher.
Fed
Inflation
Currencies
DollarIndex
InterestRate
EUR a mid-performer in context of broad-based USD weakness – Scotiabank
EUR a mid-performer in context of broad-based USD weakness – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session with a decent 0.5% gain, a mid-performer among the G10 in the context of a broadly weaker US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD up marginally and a relative underperformer – Scotiabank
CAD up marginally and a relative underperformer – Scotiabank
The Canadian Dollar (CAD) is up marginally vs. the US Dollar (USD) and continuing to underperform its G10 peers for a second consecutive session, trading with the broader trend but with moves of a smaller magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
Canada
BOC
USD/CAD steady below 1.3950 as soft US inflation weighs on the US Dollar
USD/CAD steady below 1.3950 as soft US inflation weighs on the US Dollar
The USD/CAD pair remains under pressure for the second consecutive day, trading flat near 1.3950 during Wednesday’s European trading hours.
USDCAD
Fundamental Analysis
Macroeconomics
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
ForexLive European FX news wrap: Dollar struggles continue amid mixed markets
ForexLive European FX news wrap: Dollar struggles continue amid mixed markets
Forex news from the European morning session on May 14, 2025
Session wrap
Wrap Europe
Mexican Peso holds onto gains with the Banxico decision in sight
Mexican Peso holds onto gains with the Banxico decision in sight
The Mexican Peso (MXN) posts a second consecutive day of gains on Wednesday against the US Dollar (USD),  slipping below 19.40 ahead of key commentary from Federal Reserve (Fed) officials that could influence the monetary policy outlook.
USDMXN
Banxico
Mexico
Technical Analysis
Fundamental Analysis
GBP/JPY Price Forecast: Retraces from four-month high above 196.50
GBP/JPY Price Forecast: Retraces from four-month high above 196.50
The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from its four-month high of 196.40 posted earlier in the day.
GBPJPY
BOJ
BOE
GDP
SupportResistance
US Dollar sees Asian currency turmoil losses starting to pare back
US Dollar sees Asian currency turmoil losses starting to pare back
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, has dipped in the direction of the 100-marker, near 100.60 on Wednesday.
DollarIndex
Macroeconomics
UnitedStates
SEO
TradeWar
GBP: Eyeing a break higher – ING
GBP: Eyeing a break higher – ING
The US jobs market has continued to cool, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
EURGBP
USD: Strategic USD shorts quickly re-emerge – ING
USD: Strategic USD shorts quickly re-emerge – ING
The dollar gave back almost all of its post-China-deal gains in one session.
DollarIndex
Banks
Technical Analysis
Fed
US MBA mortgage applications w.e. 9 May +1.1% vs +11.0% prior
US MBA mortgage applications w.e. 9 May +1.1% vs +11.0% prior
Latest data from the Mortgage Bankers Association for the week ending 9 May 2025
EUR: Not in a prime position to rally – ING
EUR: Not in a prime position to rally – ING
EUR/USD is back to trading close to the 1.120 mark, entirely driven by the swings in the dollar following the US-China deal and CPI numbers, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
Oil: Iranian sanctions – ING
Oil: Iranian sanctions – ING
ICE Brent rallied by almost 2.6% yesterday, reaching its highest since late April. A weaker USD following a cooler-than-expected US consumer price index (CPI) provided some tailwinds to the oil market.
Oil
Banks
Commodities
Energy
WTI
AUD/USD climbs as Australian wage growth beats expectations
AUD/USD climbs as Australian wage growth beats expectations
The Australian Dollar (AUD) strengthened further against the US Dollar (USD) on Wednesday, with the AUD/USD pair rising close to the 0.6500 psychological level, up nearly 2% so far this week, buoyed by a combination of weaker US Consumer Price Index (CPI) data and stronger-than-expected wage growth
AUDUSD
InterestRate
RBA
NZD/USD: RBNZ to keep cutting in May – ING
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
NZDUSD
Technical Analysis
RBNZ
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1850 and 7.2100. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
The USD/JPY pair plunges to near 145.80 during European trading hours on Wednesday. The pair faces a sharp sell-off as the US Dollar (USD) has been hit hard by the soft United States (US) Consumer Price Index (CPI) data for April.
USDJPY
Fed
BOJ
Inflation
DollarIndex
AUD/USD: Cheering the US-China de-escalation – ING
AUD/USD: Cheering the US-China de-escalation – ING
USD and the Australian dollar are the biggest beneficiaries in G10 from a de-escalation in US-China trade tensions, ING's FX analysts Francesco Pesole and Chris Turner note.
AUDUSD
Banks
Technical Analysis
USD/JPY: Further USD strength is likely – UOB Group
USD/JPY: Further USD strength is likely – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.20. In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD observed volatility has eased back significantly, as the loonie seems to be trading again as an extension of US-growth sentiment – and is therefore more correlated with USD, ING's FX analysts Francesco Pesole and Chris Turner note.
USDCAD
Banks
Technical Analysis
Canada
BOC
EUR/USD strengthens as soft US inflation data keeps US Dollar on backfoot
EUR/USD strengthens as soft US inflation data keeps US Dollar on backfoot
EUR/USD trades firmly near 1.1250 during North American trading hours on Wednesday.
EURUSD
ECB
Fed
Inflation
SEO