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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
NZD/USD: Likely to rise further – UOB Group
NZD/USD: Likely to rise further – UOB Group
New Zealand Dollar (NZD) is likely to rise further; it is unlikely to be able to break clearly above 0.5965. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
GBP/USD: Some emerging optimism for the pound – ING
GBP/USD: Some emerging optimism for the pound – ING
Pound Sterling (GBP) is holding up quite well as UK Prime Minister Keir Starmer delivers some wins on trade and geopolitics, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
GBPUSD
Technical Analysis
Crude oil is back at the key resistance zone as a breakout becomes likely
Crude oil is back at the key resistance zone as a breakout becomes likely
The crude oil market is coming back to life as more positive global growth expectations are giving oil prices a boost
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
Scope for further Australian Dollar (AUD) strength against the US Dollar (USD), but any advance is likely part of a higher range of 0.6420/0.6515. In the longer run, to continue to rise, AUD must break and hold above 0.6515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Fed's Goolsbee: Some parts of April inflation represent lagged nature of data
Fed's Goolsbee: Some parts of April inflation represent lagged nature of data
In an interview with National Public Radio (NPR) on Wednesday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee noted that some parts of the April inflation report represent the lagged nature of the data, adding that the Fed is still holding its breath.
CentralBanks
Fed
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Most recent article: Silver price today: Silver falls, according to FXStreet data
Silver
Commodities
Metals
USD/JPY: Quite the round trip! – ING
USD/JPY: Quite the round trip! – ING
The Japanese Yen (JPY) was one of the prime beneficiaries of the ‘sell America’ theme that we briefly saw in April, ING's FX analysts Francesco Pesole and Chris Turner note.
USDJPY
Banks
Technical Analysis
BOJ
Japan
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
US Dollar Index Price Forecast: Tests 100.50 support, with nine-day EMA providing backing
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, is losing ground for the second successive session, trading near 100.50 during the European hours on Wednesday.
DollarIndex
Technical Analysis
Majors
TRY: Balance of payments data signal more risk – Commerzbank
TRY: Balance of payments data signal more risk – Commerzbank
The Turkish balance of payments data for March published yesterday are perhaps out of date already, but they brought early warning signs that foreign capital flow could reverse under political or market volatility.
USDTRY
Turkey
Banks
CBRT
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
Pound Sterling (GBP) could continue to rebound against US Dollar (USD), but any advance is likely limited to a test of 1.3340. In the longer run, buildup in momentum has faded; GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
ECB's Nagel: Role of the Euro will become stronger as a reserve currency over the next few years
ECB's Nagel: Role of the Euro will become stronger as a reserve currency over the next few years
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel is speaking at a panel discussion at the New Economy forum in Madrid on Wednesday.
ECB
CentralBanks
InterestRate
EURUSD
China April M2 money supply +8.0% vs +7.3% y/y expected
China April M2 money supply +8.0% vs +7.3% y/y expected
Latest Chinese credit data for April 2025 has been released
Implications of the US inflation figures – Commerzbank
Implications of the US inflation figures – Commerzbank
The US Dollar (USD) depreciated significantly yesterday following the weaker-than-expected US inflation data. At first glance, this may seem logical. After all, subdued inflationary pressure favours potentially faster interest rate cuts by the Fed. However, the reaction was anything but trivial.
DollarIndex
Banks
Inflation
Fed
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
WTI Price Forecast: Bulls have the upper hand while above $62.00/200-period SMA on H4
West Texas Intermediate (WTI) US Crude Oil prices remain depressed through the early European session on Wednesday and for now, seem to have snapped a four-day winning streak to mid-$63.00s, or over a two-week high touched the previous day.
Oil
Commodities
Technical Analysis
WTI
EUR/USD: Cyclical versus structural challenges – ING
EUR/USD: Cyclical versus structural challenges – ING
The dollar is doing its best to unwind April's sharp losses, ING's FX analysts Francesco Pesole and Chris Turner note.
EURUSD
Banks
Technical Analysis
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
EUR/USD: Current corrective pullback has a chance to reach 1.0945 – UOB Group
Euro (EUR) could rebound further vs US Dollar (USD), but any advance is likely part of a higher range of 1.1125/1.1225.
Technical Analysis
EURUSD
Banks
Silver Price Forecast: XAG/USD holds losses below $33.00 as safe-haven demand weakens
Silver Price Forecast: XAG/USD holds losses below $33.00 as safe-haven demand weakens
Silver price (XAG/USD) halts its four-day winning streak, trading around $32.80 per troy ounce during the European hours on Wednesday. The metal’s safe-haven appeal has weakened amid easing global trade tensions.
Silver
Macroeconomics
Majors
Commodities
Metals
EURUSD is approaching a key resistance amid some dollar weakness
EURUSD is approaching a key resistance amid some dollar weakness
There was no catalyst for the sudden weakness in the US Dollar but this move could offer a great opportunity for dollar bulls
Gold turns flat with a little bit of help from a weaker Greenback
Gold turns flat with a little bit of help from a weaker Greenback
Gold (XAU/USD) dips back to $3,235 on Wednesday while the worst of the selling pressure seems to be over due to a softer US Dollar (USD).  The softer-than-expected inflation reading for April released on Tuesday, gave markets a push to head into Risk On assets, with the widely-feared inflation shock
Gold
Commodities
UnitedStates
SEO
TradeWar
ECB's Nagel: June rate decision will depend on incoming data
ECB's Nagel: June rate decision will depend on incoming data
European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Wednesday that June's interest rate decision will depend on incoming data.
ECB
CentralBanks
EURUSD
InterestRate
USDCHF returns inside the big range as the short positioning in the USD unwinds
USDCHF returns inside the big range as the short positioning in the USD unwinds
The USDCHF pair broke out of the big range during the April risk off flows but has now bounced back inside the range. What's next?
Dollar selling picks up to start the session
Dollar selling picks up to start the session
EUR/USD comes close to filling the opening gap lower from Monday
NZD/USD Price Forecast: Rises to near 0.5950 after breaking above nine-day EMA
NZD/USD Price Forecast: Rises to near 0.5950 after breaking above nine-day EMA
The NZD/USD pair holds gains after registering approximately 1.50% gains in the previous session, trading around 0.5940 during the European hours on Wednesday. The technical analysis of the daily chart indicates a neutral stance, as the pair continues to consolidate within a rectangular range.
NZDUSD
Technical Analysis
Majors
Pound Sterling outperforms US Dollar as US inflation cools down
Pound Sterling outperforms US Dollar as US inflation cools down
The Pound Sterling (GBP) gains further to near 1.3350 against the US Dollar (USD) in Wednesday’s North American session.
GBPUSD
Fed
BOE
Inflation
SEO
USD/CAD stays below 1.3950 due to potential widening of US-Canada yield spread
USD/CAD stays below 1.3950 due to potential widening of US-Canada yield spread
USD/CAD remains subdued for the second consecutive session, hovering near 1.3930 during early European trading on Wednesday. The US Dollar (USD) lost ground after April’s Consumer Price Index (CPI) figures came in below forecasts, prompting a shift in market sentiment.
USDCAD
Macroeconomics
Majors
Canada
BOC
European indices open little changed to kick start the day
European indices open little changed to kick start the day
Not a whole lot in it as the session gets underway
Goldman Sachs lifts forecast for European, UK stocks
Goldman Sachs lifts forecast for European, UK stocks
The firm sees better prospects for European and UK equities after the recent trade developments
Forex Today: Central bank speak to garner attention in absence of data releases
Forex Today: Central bank speak to garner attention in absence of data releases
Here is what you need to know on Wednesday, May 14:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
EUR/GBP gains traction above 0.8400 after German inflation data
EUR/GBP gains traction above 0.8400 after German inflation data
The EUR/GBP cross trades in positive territory near 0.8415, snapping the seven-day losing streak during the early European trading hours on Wednesday.
EURGBP
Macroeconomics
Crosses
Palladium price today: Rare metals mixed at the start of the European session
Palladium price today: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $953.80 a troy ounce, with the XPD/USD pair easing from its previous close at $957.25.
Metals
Commodities
Palladium
What are the main events for today?
What are the main events for today?
Central bank speakers are the only highlight
market overview