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EUR/USD: A leg higher may occur if Russia agrees to the truce terms – Danske Bank
EUR/USD: A leg higher may occur if Russia agrees to the truce terms – Danske Bank
EUR/USD remains around the 1.09 mark. Yesterday's US February CPI print came in softer than expected, with both headline and core at 0.2% m/m, below consensus, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
EURUSD
Technical Analysis
Banks
EUR/SEK: Recent pivot high of 11.20 is likely to be a resistance – Société Générale
EUR/SEK: Recent pivot high of 11.20 is likely to be a resistance – Société Générale
EUR/SEK broke below the lower limit of a multi-month triangle resulting in a steep decline, Société Générale's FX analysts note.
USDSEK
EURSEK
Technical Analysis
Banks
USD/CNH: Expected to trade in a range between 7.2230 and 7.2520 – UOB Group
USD/CNH: Expected to trade in a range between 7.2230 and 7.2520 – UOB Group
US Dollar (USD) is expected to trade in a range between 7.2230 and 7.2520.
USDCNH
Technical Analysis
Banks
USD/JPY: Likely to trade in a range between 147.60 and 148.90 – UOB Group
USD/JPY: Likely to trade in a range between 147.60 and 148.90 – UOB Group
US Dollar (USD) is likely to trade in a range between 147.60 and 148.90 vs Japanese Yen (JPY).
USDJPY
Technical Analysis
Banks
Gas traders cut their net longs in natural gas – ING
Gas traders cut their net longs in natural gas – ING
In natural gas, investment funds continued to cut their net long in the Title Transfer Facility (TTF) over the last week, ING's commodity experts Ewa Manthey and Warren Patterson note.
Gas
Energy
Technical Analysis
Banks
NZD/USD can rise and test 0.5760 – UOB Group
NZD/USD can rise and test 0.5760 – UOB Group
Provided that 0.5700 holds, New Zealand Dollar (NZD) could rise and test 0.5760 vs US Dollar (USD); the major resistance at 0.5775 is unlikely to come into view.
NZDUSD
Technical Analysis
Banks
Oil: Kazakhstan oil production surges – ING
Oil: Kazakhstan oil production surges – ING
Oil prices strengthened yesterday with ICE Brent seeing its biggest gain since the end of February, settling 2% up on the day, taking it back above US$70/bbl.
Oil
Energy
Technical Analysis
Banks
AUD/USD is facing mild upward pressure – UOB Group
AUD/USD is facing mild upward pressure – UOB Group
Australian Dollar (AUD) is facing mild upward pressure vs US Dollar (USD); it is likely to edge higher but is unlikely to threaten the major resistance at 0.6355.
AUDUSD
Technical Analysis
Banks
NZDUSD Technical Analysis – The markets await the US PPI for more clarity
NZDUSD Technical Analysis – The markets await the US PPI for more clarity
The NZDUSD pair continues to range amid lots of uncertainty with the focus now switching to the US PPI release. What’s next?
NZD
USD
AUD/JPY Price Forecast: Seems vulnerable near 93.00; bears might aim to challenge YTD low
AUD/JPY Price Forecast: Seems vulnerable near 93.00; bears might aim to challenge YTD low
The AUD/JPY cross attracts fresh selling in the vicinity of the 94.00 mark, or the weekly top touched earlier this Thursday, and extends its steady intraday descent through the first half of the European session.
AUDJPY
TradeWar
BOJ
Technical Analysis
Currencies
GBP: Downside risks ahead of Budget event – ING
GBP: Downside risks ahead of Budget event – ING
ING's UK economist has published a note on the potential reset in UK-EU relationships and implications for British finances.
GBPUSD
Technical Analysis
Banks
GBP/USD to test 1.3000 in the near term – UOB Group
GBP/USD to test 1.3000 in the near term – UOB Group
Chance for Pound Sterling (GBP) to test 1.3000 vs US Dollar (USD); a clear break above this level seems unlikely.
GBPUSD
Technical Analysis
Banks
NZD/USD Price Forecast: Tests nine-day EMA support near 0.5700 with a consolidation phase
NZD/USD Price Forecast: Tests nine-day EMA support near 0.5700 with a consolidation phase
NZD/USD pulls back from its gains over the past two sessions, trading near 0.5710 during European trading hours on Thursday.
NZDUSD
Technical Analysis
Majors
USD: Risk sentiment softer again today – ING
USD: Risk sentiment softer again today – ING
The bond market had a counterintuitive reaction to yesterday’s cooler-than-expected core CPI data (0.2% MoM), with the Fed’s terminal rate pricing inching higher and Treasuries soft across the curve.
DollarIndex
Technical Analysis
Banks
EUR/USD: Further range trading seems likely – UOB Group
EUR/USD: Further range trading seems likely – UOB Group
Further Euro (EUR) range trading seems likely; slightly softened underlying tone suggests a lower range of 1.0850/1.0920.
EURUSD
Technical Analysis
Banks
EUR: Still lots of positives in the price – ING
EUR: Still lots of positives in the price – ING
After inching back below 1.090, the next leg higher for the euro may need to wait for Russia to officially agree on the 30-day truce with Ukraine.
EURUSD
Technical Analysis
Banks
Gold Technical Analysis – Eyes on the US PPI
Gold Technical Analysis – Eyes on the US PPI
Gold extended into the all-time highs following the US CPI release. What’s next?
FX option expiries for 13 March 10am New York cut
FX option expiries for 13 March 10am New York cut
A look at what is on the board for today
USD/MXN Price Forecast: Resumes downside under 100-day EMA below 20.50
USD/MXN Price Forecast: Resumes downside under 100-day EMA below 20.50
The USD/MXN pair edges higher to near 20.20 during the early European session on Thursday, bolstered by a modest recovery of the US Dollar (USD).
USDMXN
Technical Analysis
US Dollar Index Price Forecast: Tests immediate support at 103.50 near four-month lows
US Dollar Index Price Forecast: Tests immediate support at 103.50 near four-month lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against its six major peers, remains steady after registering gains in the previous session, trading around 103.60 during the Asian hours on Thursday.
DollarIndex
Technical Analysis
Majors
USD/CAD Price Forecast: Advances to 1.4400 neighborhood; lacks bullish conviction
USD/CAD Price Forecast: Advances to 1.4400 neighborhood; lacks bullish conviction
The USD/CAD pair attracts some dip-buyers in the vicinity of mid-1.4300s during the Asian session on Thursday and reverses a part of the previous day's losses.
USDCAD
BOC
Fed
Technical Analysis
Currencies
Bullish
USD/CHF Price Forecast: Clings to 0.8800 as bulls eye 200-day SMA
USD/CHF Price Forecast: Clings to 0.8800 as bulls eye 200-day SMA
The USD/CJF holds firm around the 0.8810 mark for the second consecutive day and clings to the 200-day Simple Moving Average (SMA) at 0.8813 after bouncing off yearly lows of 0.8757.
USDCHF
Currencies
Technical Analysis
Silver Price Forecast: XAG/USD shines above $33.00 as US inflation dips
Silver Price Forecast: XAG/USD shines above $33.00 as US inflation dips
Silver price rallied to three-week highs as it cleared the $33.00 handle on Wednesday, posting gains of over 0.90%, unfazed by a jump in US Treasury bond yields and a strong US Dollar.
Silver
XAGUSD
Metals
Technical Analysis
Gold price surges as traders digest US inflation data, trade uncertainty
Gold price surges as traders digest US inflation data, trade uncertainty
Gold price rises late in the North American session, unfazed by high US Treasury bond yields and a stronger US Dollar on Wednesday.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
Mexican Peso surges as traders price in Fed cuts after CPI decline
Mexican Peso surges as traders price in Fed cuts after CPI decline
The Mexican Peso (MXN) rallies against the US Dollar (USD) on Wednesday as the latest inflation report in the United States (US) could force the Federal Reserve (Fed) to lower borrowing costs, hence widening the interest rate differential between Mexico and the US.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
The NZDUSD buyers use moving averages as support this week.  They are trying to bounce.
The NZDUSD buyers use moving averages as support this week. They are trying to bounce.
The 100 day MA agt 0.5756 is a topside target that needs to be broken - and stay broken - to increase buyers control
NZD
USD
GBPUSD price action analysis: Bullish momentum is in intact above key levels
GBPUSD price action analysis: Bullish momentum is in intact above key levels
GBPUSD price action remains choppy but bullish, staying above key support levels at 1.2922 and the 100-hour moving average.
EUR/USD Price Analysis: Consolidates near 1.0900 as bulls take a breather
EUR/USD Price Analysis: Consolidates near 1.0900 as bulls take a breather
The EUR/USD pair traded with a neutral tone on Wednesday after the European session, hovering around the 1.0900 mark as market participants took a step back following its strong rally.
EURUSD
Majors
Currencies
Technical Analysis
GBP/USD slips slightly despite cooling US inflation, eyes on US PPI
GBP/USD slips slightly despite cooling US inflation, eyes on US PPI
The Pound Sterling depreciated against the US Dollar on Wednesday as US inflation data revealed the disinflation process continued.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Trading higher is hard to do. S&P index trading lower on the day
Trading higher is hard to do. S&P index trading lower on the day
NASDAQ index retracing its gains. Dow industrial average lower
Stocks
The USDCHF buyers are making a play from a technical perspective
The USDCHF buyers are making a play from a technical perspective
The price action has been confined but buyers are trying to take back some control.
CHF
USD
Sellers in the EURUSD are trying to take short term control.  Get below 1.0872 eyed.
Sellers in the EURUSD are trying to take short term control. Get below 1.0872 eyed.
The EURUSD could not extend above an upper target area yesterday or today. That area comes in at 1.0936 to 1.09543
EUR
USD
GBP holds in low 1.29 zone – Scotiabank
GBP holds in low 1.29 zone – Scotiabank
Pound Sterling (GBP) is down slightly on the session, but price moves largely reflect the broader tone on the USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR retains bullish undertone – Scotiabank
EUR retains bullish undertone – Scotiabank
The Euro (EUR) peaked around 1.0950 yesterday vs US Dollar (USD), helped in part by news of progress in Ukraine peace talks, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
Bullish
The Bank of Canada rate decision up next.  What technical levels are in play now?
The Bank of Canada rate decision up next. What technical levels are in play now?
The USDCAD is hanging around the 100/200 hour MAs in neutral territory ahead of the rate decision
CAD trades steadily on the day – Scotiabank
CAD trades steadily on the day – Scotiabank
The Canadian Dollar (CAD) is moderately higher (with the MXN) as 25% steel/aluminum tariffs were enforced as of midnight.
USDCAD
Technical Analysis
Banks
USD steadies, undertone remains weak – Scotiabank
USD steadies, undertone remains weak – Scotiabank
The US Dollar (USD) is trading a little higher overall on the session, but gains are limited and price action suggests the DXY is consolidating recent losses, rather than reversing, at this point, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Technical Analysis
Banks
What are the technicals driving EURUSD, USDJPY and GBPUSD at the start of the NA session
What are the technicals driving EURUSD, USDJPY and GBPUSD at the start of the NA session
A preview of the trading day. US CPI, tariff headlines and Russia/Ukraine to dominate. Stocks higher. Yields higher.
GBPUSD Technical Analysis – Awaiting the US CPI release
GBPUSD Technical Analysis – Awaiting the US CPI release
The GBPUSD pair is consolidating in the middle of two key levels ahead of the US CPI report. What’s next?
GBP
USD
USD/CAD to tick down to 1.41 in the near term – Danske Bank
USD/CAD to tick down to 1.41 in the near term – Danske Bank
Today, focus in CAD FX space turns to the BoC meeting at 14:45 CET - where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
USDCAD
Technical Analysis
Banks