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USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank
USD soft, fading portion of post-Fed gains into US/China trade talks – Scotiabank
G10 FX performance is varied heading into Friday’s NA session as most currencies claw back a portion of this week’s post-Fed losses against the US Dollar (USD).
Technical Analysis
Fed
Banks
DollarIndex
USD/JPY might not be able to break above 146.55 – UOB Group
USD/JPY might not be able to break above 146.55 – UOB Group
Scope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above 146.55.
Technical Analysis
USDJPY
Banks
USD/JPY: Rebound meets first resistance – OCBC
USD/JPY: Rebound meets first resistance – OCBC
US Dollar (USD) short covering gathered pace vs. safe haven proxies. USDJPY was last at 145.30 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
Gold rally stalls below $3500 mark – Société Générale
Gold rally stalls below $3500 mark – Société Générale
Gold faces consolidation after stalling near $3500, with a lower high at $3435 and weakening momentum suggesting a temporary pause in the uptrend, Société Générale's FX analysts note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
NZD/USD might not be able to break clearly below 0.5870 – UOB Group
NZD/USD might not be able to break clearly below 0.5870 – UOB Group
New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it might not be able to break clearly below 0.5870. In the longer run, bias for NZD is tilted to the downside toward 0.5870, potentially reaching 0.5835, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
DXY: Short squeeze on the cards – OCBC
DXY: Short squeeze on the cards – OCBC
US Dollar (USD) short squeeze gained traction and broadened against more currencies from safe haven to procyclical FX. MYR, Gold, JPY and THB led losses.
Technical Analysis
Banks
DollarIndex
AUD/USD can drop below 0.6370 – UOB Group
AUD/USD can drop below 0.6370 – UOB Group
Australian Dollar (AUD) could drop below 0.6370 against the US Dollar (USD) but might not be able to maintain a foothold below this level. In the longer run, AUD must break and hold below 0.6370 before a move to 0.6330 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
GBP/USD: Likely to decline further – UOB Group
GBP/USD: Likely to decline further – UOB Group
Pound Sterling (GBP) is likely to decline further, potentially testing the support at 1.3190. In the longer run, scope for GBP to weaken to 1.3150; currently it is unclear whether GBP can break clearly below this level, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
GBP: Bullish mood can continue – ING
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notes
GBPUSD
Banks
Technical Analysis
Bullish
USD: Plethora of Fed speakers to watch today – ING
USD: Plethora of Fed speakers to watch today – ING
It’s been a good second half of the week for the dollar, mostly thanks to positive trade news and a hawkish Federal Reserve.
Technical Analysis
Fed
Banks
DollarIndex
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
EUR/USD: Any decline could be limited to a test of 1.1185 – UOB Group
Further Euro (EUR) weakness is not ruled out vs US Dollar (USD); oversold conditions suggest any decline could be limited to a test of 1.1185. In the longer run, c in EUR toward 1.1145, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USD: Much ado about little – Commerzbank
USD: Much ado about little – Commerzbank
Yesterday afternoon, Donald Trump finally presented his first trade deal with the United Kingdom in the Oval Office. However, despite all the fanfare, it must be said that the substance was rather thin once again.
Technical Analysis
Banks
DollarIndex
EUR: Starting to look towards 1.10? – ING
EUR: Starting to look towards 1.10? – ING
For most of the past couple of weeks, EUR/USD buyers emerged vehemently in the 1.1250-1.1300 area. The break lower seen yesterday is telling.
Technical Analysis
EURUSD
Banks
USDJPY Technical Analysis – Waller’s scenario #2 is playing out. Now what?
USDJPY Technical Analysis – Waller’s scenario #2 is playing out. Now what?
The USDJPY pair continues to erase the April losses as it approaches a key trendline. What’s next?
Silver Price Forecast: XAG/USD trades with mild positive bias around mid-$32.00s
Silver Price Forecast: XAG/USD trades with mild positive bias around mid-$32.00s
Silver (XAG/USD) attracts some dip-buyers near the $32.20 area during the Asian session on Friday and climbs to a fresh daily high in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD
Japan March leading indicator index 107.7 vs 108.2 prior
Japan March leading indicator index 107.7 vs 108.2 prior
Latest data released by the Japan Cabinet Office - 9 May 2025
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Silver Price Forecast: XAG/USD steady above $32 as risk sentiment improves on US-China talks
Siver price held firm on Thursday as risk appetite improved on news of a US-UK trade deal, along with hopes that Sino-US tensions could be lowered, as delegations of both countries would meet in Switzerland this weekend. At the time of writing, XAG/USD trades at $32.44, down 0.15%.
Technical Analysis
Silver
Metals
XAGUSD
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.
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.
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
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