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NZD/USD is on the downside – UOB Group
NZD/USD is on the downside – UOB Group
The risk for New Zealand Dollar (NZD) is on the downside vs US Dollar (USD), but any decline is likely part of a lower range of 0.5835/0.5900.
NZDUSD
Banks
Technical Analysis
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
AUD/USD: Major support at 0.6330 is unlikely to come under threat – UOB Group
Slight increase in momentum suggests Australian Dollar (AUD) could test 0.6350 against US Dollar (USD); the major support at 0.6330 is unlikely to come under threat.
AUDUSD
Technical Analysis
Banks
GBP: Holding onto gains – ING
GBP: Holding onto gains – ING
Today's UK labour market data has had no discernible impact on Pound Sterling (GBP), ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
UnitedKingdom
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
JPY: A sound investment – Commerzbank
JPY: A sound investment – Commerzbank
Japan's current account surplus remained solid in March. At JPY 3.7 trillion, this was slightly lower than in February. However, when calculated over the last twelve months, a new all-time high of JPY 30.4 trillion was reached, Commerzbank's FX analyst Volkmar Baur notes.
Banks
Japan
USDJPY
BOJ
Technical Analysis
USD: April CPI print should keep the dollar supported – ING
USD: April CPI print should keep the dollar supported – ING
FX markets are settling down after a lively Monday. It made sense for the Japanese yen and Swiss franc to sell off the hardest as Washington policy was re-appraised.
DollarIndex
Banks
Technical Analysis
Fed
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.
GBPUSD
Banks
Technical Analysis
USD: Just a guy, trying to change the world – Commerzbank
USD: Just a guy, trying to change the world – Commerzbank
It looks like a stroke of genius. Nobody thought it was possible, but the Donald Trump administration has made it. In just one weekend of negotiations, tariffs between the US and China were reduced by 115 percentage points each.
DollarIndex
Banks
Technical Analysis
Change
EUR/USD: Unlikely to break the major support at 1.1055 – UOB Group
EUR/USD: Unlikely to break the major support at 1.1055 – UOB Group
Scope for Euro (EUR) to weaken further against the US Dollar (USD); any decline is unlikely to break the major support at 1.1055.
Technical Analysis
EURUSD
Banks
EUR: Cheaper levels – ING
EUR: Cheaper levels – ING
At some points over the last six weeks, it felt like there was no point trying to pick a top in EUR/USD as overwhelming bearish sentiment on the dollar dominated.
EURUSD
Banks
Technical Analysis
Levels
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
NZD/USD Price Forecast: Approaches the 0.5900 resistance level near nine-day EMA
The NZD/USD pair retraces its recent losses registered in the previous session, trading around 0.5890 during the European hours on Tuesday. The technical analysis of the daily chart suggests a neutral outlook, with the pair consolidating within a rectangular range.
NZDUSD
Technical Analysis
Majors
USDJPY Technical Analysis – The greenback is back
USDJPY Technical Analysis – The greenback is back
The USDJPY pair broke above a major trendline as US-China tariff relief surprised everyone. What’s next?
JPY
USD
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 100.00
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 100.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from its highest level since April 10 to 101.60 during the early European trading hours on Tuesday.
DollarIndex
Technical Analysis
Silver Price Forecast: XAG/USD rises to near $33.00 with developing bullish bias
Silver Price Forecast: XAG/USD rises to near $33.00 with developing bullish bias
Silver price (XAG/USD) is extending its gains for the fourth successive session, trading around $33.00 per troy ounce during the Asian hours on Tuesday. Technical analysis of the daily chart indicates a bullish outlook, as the precious metal continues to trade within an ascending channel pattern.
Silver
XAGUSD
Technical Analysis
Metals
Commodities
Bullish
FX option expiries for 13 May 10am New York cut
FX option expiries for 13 May 10am New York cut
A look at what is on the board for today
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver Price Forecast: XAG/USD slips as US-China trade truce boosts US Dollar
Silver price ended Monday’s session with losses of over 0.40% as upbeat news from last weekend's meetings between US and Chinese delegations delivered an agreement to reduce tariffs for 90 days, marking the beginning of negotiations.
XAGUSD
Silver
Technical Analysis
Metals
AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists
AUD/NZD Price Analysis: Aussie holds near 1.0900 as bullish momentum persists
The AUD/NZD pair edged higher on Monday, trading near the 1.0900 zone after the European session, reflecting a steady bullish tone as the market heads into the Asian session.
Currencies
Crosses
Technical Analysis
Australia
AUDNZD
Bullish
USD/JPY surges as risk-on sentiment weighs on safe-haven Yen
USD/JPY surges as risk-on sentiment weighs on safe-haven Yen
The USD/JPY pair is trading near 148.00, up approximately 2% on the day, as risk-on sentiment dominates global markets following a significant breakthrough in US-China trade relations.
USDJPY
Majors
Currencies
Technical Analysis
EUR/JPY Price Analysis: Euro holds near 165.00 as bullish momentum builds
EUR/JPY Price Analysis: Euro holds near 165.00 as bullish momentum builds
The EUR/JPY pair advanced on Monday, trading near the 165.00 zone after the European session, reflecting a strong bullish tone as the market heads into the Asian session.
EURJPY
Crosses
Currencies
Technical Analysis
Bullish
EURUSD Technical Outlook: Sellers Take Control Below 200-Bar MA on 4-hour chart today
EURUSD Technical Outlook: Sellers Take Control Below 200-Bar MA on 4-hour chart today
Break of key support zone opens path to next target at 1.10395; bearish bias grows if price stays below.
EUR
USD
Gold price plunges over $100 as US-China deal fuels USD rally
Gold price plunges over $100 as US-China deal fuels USD rally
Gold prices tumbled over 3% on Monday, following improvements in risk appetite after weekend discussions between the US and China, which agreed to a 90-day tariff reduction. At the time of writing, the XAU/USD trades at $3,225, having hit a daily high of $3,326.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
EUR/CAD Price Analysis: Euro steadies near 1.5600 as bearish pressure builds
The EUR/CAD pair traded near the 1.5600 zone on Monday, reflecting a minor loss after the European session as selling pressure persisted. The pair remains within the middle of its daily range, suggesting cautious sentiment as traders assess the broader outlook.
Crosses
Currencies
Technical Analysis
EURCAD
NZDUSD moves to new lows for day and lowest level since April 14
NZDUSD moves to new lows for day and lowest level since April 14
Price breaks below 200-day MA and key support zone; next focus is holding below the 38.2% retracement.
EUR/USD Price Analysis: Euro drifts near 1.1100 as bearish momentum builds
EUR/USD Price Analysis: Euro drifts near 1.1100 as bearish momentum builds
The EUR/USD pair traded near the 1.1100 zone on Monday, reflecting a sharp drop after the European session as sellers gained control. The pair remains within the middle of its daily range, suggesting that while bearish pressure is dominant, the market lacks a clear breakout signal.
EURUSD
Currencies
Majors
Technical Analysis
USDCAD stretches above 1.4000 for first time since April 10
USDCAD stretches above 1.4000 for first time since April 10
Momentum builds above 1.4000, but buyers must clear the 200-day MA and 1.40525 retracement to confirm control.
GBP/USD crashes on US-China trade truce boosting US Dollar
GBP/USD crashes on US-China trade truce boosting US Dollar
The Pound Sterling (GBP) collapsed by over 0.71% or 90 pips on Monday, following developments over the weekend that boosted the US Dollar (USD). News of the US-China de-escalation of the trade war weighed on the Sterling, which plummeted from around 1.3298.
GBPUSD
Majors
Technical Analysis
Fundamental Analysis
Currencies
NASDAQ breaks key moving averages, bullish trend in place
NASDAQ breaks key moving averages, bullish trend in place
NASDAQ Composite Index breaks above 100-day and 200-day moving averages, signaling a bullish trend with key targets ahead.
AUDUSD Technical Update: Sellers Return After 200-Day MA Rejection
AUDUSD Technical Update: Sellers Return After 200-Day MA Rejection
Price falls back into range after failing to break above key resistance; downside targets now in focus.
AUD
USD
USDCAD moves higher with the dollar strength after US/China tariff suspension
USDCAD moves higher with the dollar strength after US/China tariff suspension
What next technically for the pair after the move higher takes the pair to moving average resistance?
USDCHF Technical Update: Price extends higher after breaking out of consolidation
USDCHF Technical Update: Price extends higher after breaking out of consolidation
Break above 0.8333 shifts bias higher with support now at 0.8373–0.84087 and resistance at 0.84823.
EUR tumbles 1.5% on the day – Scotiabank
EUR tumbles 1.5% on the day – Scotiabank
The Euro (EUR) is weak, down 1.5% vs. the US Dollar (USD) and seeing its largest one day decline since early November, around the time of the US election, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
CAD is down ‘only’ 0.3% vs. USD and a relative outperformer – Scotiabank
CAD is down ‘only’ 0.3% vs. USD and a relative outperformer – Scotiabank
The Canadian Dollar (CAD) is weak, down 0.3% vs. the US Dollar (USD) but a relative outperformer against all of the G10 currencies with the CAD’s peer currencies showing much greater declines in response to the US/China trade détente, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD surges on US/China détente as markets reprice Fed cuts – Scotiabank
USD surges on US/China détente as markets reprice Fed cuts – Scotiabank
The US Dollar (USD) is up broadly with meaningful gains against all of the G10 currencies as markets respond to the de-escalation in trade tensions between the US and China.
Technical Analysis
Fed
Banks
DollarIndex
USD/JPY 12-month forecast remains at 140.00 despite surge from US-China trade deal – Rabobank
USD/JPY 12-month forecast remains at 140.00 despite surge from US-China trade deal – Rabobank
News that the US and China have reached an agreement that substantially lowers trade tariffs between them for 90 days has sparked a wave of optimism that has supported risky assets and weighed on safe havens.
Technical Analysis
USDJPY
Banks
Gold drops as US-China tariff reduction weighs on safe-haven demand
Gold drops as US-China tariff reduction weighs on safe-haven demand
Gold prices are under significant pressure in Monday’s session, weighed down by improving global risk sentiment and a strengthening US Dollar (USD). 
Technical Analysis
XAUUSD
Metals
Gold
Fundamental Analysis
USD/CNH struggles below 50-DMA resistance near 7.28 – Société Générale
USD/CNH struggles below 50-DMA resistance near 7.28 – Société Générale
USD/CNH remains under pressure after failing to reclaim the 50-DMA, with downside risks intensifying should the 7.18 support give way, Société Générale's FX analysts note.
Technical Analysis
USDCNY
USDCNH
Banks