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BoJ is going to sit this one out – Commerzbank
BoJ is going to sit this one out – Commerzbank
While we enjoy the bank holiday tomorrow morning, the Bank of Japan will be holding its May monetary policy meeting. Having raised its key interest rate from 0.25% to 0.5% in January, the Bank of Japan then decided to pause in March.
Technical Analysis
BOJ
CentralBanks
Japan
Banks
US: The tariff house of cards is collapsing – Commerzbank
US: The tariff house of cards is collapsing – Commerzbank
To the impartial observer, it should be quite obvious that the US government's trade policy strategy is currently failing spectacularly. Chinese President Xi Jingping is refusing to call to make a 'deal'.
Technical Analysis
China
UnitedStates
Banks
DollarIndex
USD: The worse the data, the better? – Commerzbank
USD: The worse the data, the better? – Commerzbank
Yesterday saw the next round of poor sentiment indicators from the US. According to the Conference Board, US consumer confidence fell to its lowest level since the start of the coronavirus pandemic.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
USD: Equities providing shield against bad data – ING
USD: Equities providing shield against bad data – ING
The US Dollar (USD) continues to be pulled by opposing forces: US President Donald Trump’s scaling back of some protectionism measures versus data evidence of a US slowdown. Ultimately, the tiebreak for FX impact seems to be equities performance.
Technical Analysis
Fed
Banks
DollarIndex
NZD/USD Price Forecast: Falls toward 0.5900 support after breaking below nine-day EMA
NZD/USD Price Forecast: Falls toward 0.5900 support after breaking below nine-day EMA
The NZD/USD pair extends losses for the second successive session, trading around 0.5920 during early European hours on Wednesday.
Technical Analysis
Majors
NZDUSD
Gold Futures Analysis for Today with tradeCompass
Gold Futures Analysis for Today with tradeCompass
Key levels and insights for Gold Futures today, with tradeCompass offering a bearish bias and bullish trade plans, at your own risk only.
Gold
TradeCompass
Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver (XAG/USD) struggles to capitalize on a modest Asian session uptick and slides back below the $33.00 mark, hitting a fresh daily low in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
The USD/JPY pair is trading around the 142.00 handle during the North American session on Tuesday. The pair saw some upward movement as the US Dollar (USD) steadied following the release of softer-than-expected US JOLTS Job Openings data and a sharp drop in Consumer Confidence.
Technical Analysis
Currencies
Majors
USDJPY
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
In the lead-up to Tuesday's Asian trading session, EUR/JPY has seen a minor decline, trading near the 162.00 mark. Despite a sell signal from one momentum indicator, the broader technical landscape suggests underlying bullish strength, supported by several key moving averages.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
The AUD/NZD has experienced some downward pressure, hovering near the 1.07 zone on Tuesday. Despite mixed signals from some momentum indicators, the longer-term technical picture appears to favor the bears, with several moving averages reinforcing this sentiment.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Gold price slips as USD recovers and risk appetite improves
Gold price slips as USD recovers and risk appetite improves
Gold price retreats during the North American session on Tuesday as the Greenback stages a recovery, posting modest gains amid softer US economic data and reduced safe-haven demand. At the time of writing, XAU/USD trades at $3,323, down 0.60%.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
US Dollar Index weakens as confidence and labor data disappoint
US Dollar Index weakens as confidence and labor data disappoint
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, is showing muted gains on Tuesday after soft labor market and consumer sentiment data raised expectations for policy easing.
Technical Analysis
Currencies
DollarIndex
USD/CHF holds ground after tariff relief, jobs data
USD/CHF holds ground after tariff relief, jobs data
The USD/CHF pair is trading around 0.8900 during the North American session on Tuesday, benefiting from broader US Dollar (USD) strength.
Technical Analysis
Majors
USDCHF
Macroeconomics
USDJPY slips to new session low as sellers eye key support zone
USDJPY slips to new session low as sellers eye key support zone
USDJPY falls to a fresh low at 141.96 as downward trend continues due to decreasing U.S. yields, eyeing retest of key support levels at 139.89 and 139.57.
EUR/CAD: Euro steadies near 1.5800 as bullish trend holds despite mixed signals
EUR/CAD: Euro steadies near 1.5800 as bullish trend holds despite mixed signals
The EUR/CAD pair was seen trading around the 1.5800 zone after the European session on Tuesday, showing little movement on the day after a slight decline. Despite the minor dip, the overall technical setup stays bullish.
Crosses
Technical Analysis
Currencies
EURCAD
Bullish
EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session
EUR/USD Price Analysis: Bullish trend holds despite minor pullback after European session
The EUR/USD is flashing a bullish tone on Tuesday’s session after the European close, even as the pair slightly retraced from earlier highs and now trades near the mid-1.13 to low-1.14 area. Despite a modest dip during the session, broader technical signals continue to suggest upside potential.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
EURUSD still stuck. Buyers fail to extend range.
EURUSD still stuck. Buyers fail to extend range.
The range for the day is only 52 pips which is well below the one month average of 140 pips
GBP/USD slips below 1.34 as risk rally fades, US data disappoints
GBP/USD slips below 1.34 as risk rally fades, US data disappoints
The Pound Sterling (GBP) depreciates against the US Dollar (USD) and falls after testing the year-to-date (YTD) high of 1.3443. However, it fails to remain above 1.34 as it extends its losses. At the time of writing, GBP/USD trades at 1.3379, down 0.29%.
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
AUDUSD breaches critical support, signaling bearish shift. Risk is now 0.6395 for sellers
AUDUSD breaches critical support, signaling bearish shift. Risk is now 0.6395 for sellers
AUDUSD breaks below key support zone, signaling a bearish shift in short-term bias. Sellers gain momentum as price targets lower levels, with focus on 0.6321-0.6343 range
USDCHF consolidates between key moving averages after rebound stalls near retracement
USDCHF consolidates between key moving averages after rebound stalls near retracement
USDCHF stuck between key moving averages after failed rebound; Breakout needed for short-term bias shift
Crude Oil Analysis Today (29 April, 2025)
Crude Oil Analysis Today (29 April, 2025)
The latest analysis of the day on crude oil futures, indicating strong bearish sentiment. Key resistance levels and strategic trading recommendations revealed for traders seeking to navigate this volatile market. Watch these exact prices for guidance...
The USD is higher vs 3 major pairs to start the new US day & back between 100/200 hour MAs
The USD is higher vs 3 major pairs to start the new US day & back between 100/200 hour MAs
Traders are waiting for the next shove for each of the 3 major pairs - the EURUSD, USDJPY and GBPUSD
JPY underperforming along with haven peer CHF – Scotiabank
JPY underperforming along with haven peer CHF – Scotiabank
The Japanese Yen (JPY) weakened by 0.5% against the dollar, underperforming even fellow haven currencies, as markets brace for soft domestic data and upcoming US-Japan trade negotiations.
Technical Analysis
USDJPY
Banks
Fundamental Analysis
GBP fades modestly from fresh multiyear high – Scotiabank
GBP fades modestly from fresh multiyear high – Scotiabank
Pound Sterling (GBP) soft, down 0.3% against the US Dollar (USD) and trading in tandem with EUR in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR: ECB CPI expectations surprise w/ markets still pricing June cut – Scotiabank
EUR: ECB CPI expectations surprise w/ markets still pricing June cut – Scotiabank
Euro (EUR) is soft, down 0.3% against the US Dollar (USD) and a mid-performer among the G10 in an environment of broad-based USD strength, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD steady despite election delivering another minority government – Scotiabank
CAD steady despite election delivering another minority government – Scotiabank
The Canadian election results brought disappointment for pretty much everyone—the Liberals won, but are short of a majority, the Conservatives saw a jump in popular support but their leader failed to hold his own riding while both the NDP and Bloc lost heavily, Scotiabank's Chief FX Strategist Shaun
Technical Analysis
Canada
BOC
USDCAD
Banks
AUD/USD retreats after failing to hold multi-month high – BBH
AUD/USD retreats after failing to hold multi-month high – BBH
AUD/USD trimmed gains after testing resistance near 0.6450, as market attention shifts to upcoming Q1 CPI data.
Technical Analysis
RBA
Currencies
Banks
AUDUSD
USD edges firmer on the day – Scotiabank
USD edges firmer on the day – Scotiabank
The USD is tracking a little higher on the day so far, reversing some of yesterday’s losses, following news that President Trump will make some concessions on auto tariffs due to come into effect on May 3rd.
Technical Analysis
Fed
Banks
DollarIndex
USD/CAD: US auto tariffs & Canadian election result in focus – MUFG
USD/CAD: US auto tariffs & Canadian election result in focus – MUFG
The US Dollar has strengthened modestly overnight against other G10 currencies as it continues to consolidate at lower levels following the heavy sell-off during this month.
Technical Analysis
Canada
USDCAD
Banks
Incoming US data to keep the pressure on the USD – DBS
Incoming US data to keep the pressure on the USD – DBS
The DXY Index depreciated by 0.5% to 98.9 overnight after failing to push above 100 in the past three sessions. The Fed has entered a blackout period ahead of next week’s FOMC meeting.
Technical Analysis
Fed
Banks
DollarIndex
USD/CNH fails to sustain break above 7.37 – Société Générale
USD/CNH fails to sustain break above 7.37 – Société Générale
USD/CNH's attempt to break above key resistance at 7.37 lost traction, with the pair retreating sharply after hitting 7.43. Now trading below its 50-day moving average, the currency risks further losses unless it can reclaim 7.32 in the short term, Société Générale's FX analysts note.
Technical Analysis
USDCNH
Banks
GBP/USD tests key resistance at 1.3430–1.3500 – Société Générale
GBP/USD tests key resistance at 1.3430–1.3500 – Société Générale
The Pound Sterling (GBP) is approaching a critical technical zone against the US dollar, challenging last year's high and the top of a long-term ascending channel.
Technical Analysis
Banks
GBPUSD
Canadian Liberals likely to win the election – Commerzbank
Canadian Liberals likely to win the election – Commerzbank
Based on the latest polls, it should no longer be too surprising that the Canadian Liberals appear to have won the recent election, Commerzbank's FX analyst Michael Pfister notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
Tariff shenanigans weigh on the USD – OCBC
Tariff shenanigans weigh on the USD – OCBC
Tariff developments remain fluid even if we are in a de-escalation phase. Trump/Bessent continued to speak about how 'all aspects' of the US government are in contact with China regarding trade even as Beijing denied the existence of negotiations.
Technical Analysis
Banks
DollarIndex
CAD: Carney projected to lead minority government – ING
CAD: Carney projected to lead minority government – ING
Canadian media projects that the Liberal party has won the general election, and Mark Carney has been confirmed as prime minister. The results have, however, been much narrower than implied by polls. Liberals are currently projected at 167 parliament seats, short of the 172 majority.
Technical Analysis
Canada
BOC
USDCAD
Banks
EUR/USD: Watch price action – OCBC
EUR/USD: Watch price action – OCBC
Euro (EUR) drifted lower after rising to >3Y high of 1.1570 levels last week. De-escalation in tariff angst somewhat slowed USD’s decline and helped to moderate the pace of rally in EUR. EUR was last seen at 1.1390 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks