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Silver Price Forecast: XAG/USD flat lines below mid-$36.00s; bullish potential seems intact
Silver Price Forecast: XAG/USD flat lines below mid-$36.00s; bullish potential seems intact
Silver (XAG/USD) struggled to capitalize on the previous day's recovery from the $35.45 area, or the weekly low and witnessed a good two-way price move through the first half of the European session.
Silver
Commodities
Technical Analysis
XAGUSD
Bullish
EUR/USD extends losses as the US Dollar stands tall in risk aversion
EUR/USD extends losses as the US Dollar stands tall in risk aversion
The EUR/USD pair snaps a four-day rally on Friday, retreating from nearly four-year highs above 1.1600 to levels right below 1.1500 at the moment of writing.
EURUSD
Fundamental Analysis
Technical Analysis
SEO
USDJPY Technical Analysis – We remain stuck in a range
USDJPY Technical Analysis – We remain stuck in a range
The USDJPY pair continues to range but the greenback isn’t getting any support from the fundamentals
JPY
USD
US Dollar Index Price Forecast: Outlook remains bearish below 98.50
US Dollar Index Price Forecast: Outlook remains bearish below 98.50
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, rebounds to near 98.25, snapping the two-day losing streak during the early European session on Friday.
Technical Analysis
DollarIndex
Majors
USD/CNH Price Analysis: Tests 7.1850 barrier near descending channel's upper boundary
USD/CNH Price Analysis: Tests 7.1850 barrier near descending channel's upper boundary
The USD/CNH pair recovers its recent losses registered in the previous session, trading around 7.1840 during the Asian hours on Friday. An analysis of the daily chart indicates that the pair price testing to break above the descending channel pattern, which points to a weakening bearish trend.
Technical Analysis
USDCNH
China
Silver Price Forecast: XAG/USD trades near $36.00 support, ascending channel’s lower boundary
Silver Price Forecast: XAG/USD trades near $36.00 support, ascending channel’s lower boundary
Silver price (XAG/USD) retraces its recent gains registered in the previous session, trading around $36.30 per troy ounce during the Asian hours on Friday.
XAGUSD
Silver
Technical Analysis
Commodities
FX option expiries for 13 June 10am New York cut
FX option expiries for 13 June 10am New York cut
A look at what is on the board for today
AUD/JPY Price Forecast: Steadies near 93.69 after two-day slide
AUD/JPY Price Forecast: Steadies near 93.69 after two-day slide
AUD/JPY retreated for the second consecutive day, remained below the 94.00 figure, and printed losses of 0.25% on Thursday. At the time of writing, the cross-pair trades at 93.66, virtually unchanged.
AUDJPY
Technical Analysis
Crosses
Currencies
Silver Price Forecast: XAG/USD bounces back above $36.00 as US Dollar plunges
Silver Price Forecast: XAG/USD bounces back above $36.00 as US Dollar plunges
Silver price bounced off five-day lows of $35.46 and is climbing past the $36.00 mark on Thursday as the Greenback gets battered, falling to nearly three-year lows. At the time of writing, XAG/USD trades at $36.30, registering modest gains of 0.25% on Thursday, late in the North American session.
Technical Analysis
XAGUSD
Silver
Metals
EUR/USD rallies hard as PPI print disappoints, tariffs fuel risk-off
EUR/USD rallies hard as PPI print disappoints, tariffs fuel risk-off
EUR/USD advances for the second consecutive day, posting gains of over 0.70% and trades below the three-year high of 1.1631 hit earlier, as traders digest the latest Producer Price Index (PPI) report in the United States (US), alongside jobs data.
EURUSD
Technical Analysis
Fundamental Analysis
Currencies
SEO
Gold surges on risk-off mood, poor US data boosts Fed easing odds
Gold surges on risk-off mood, poor US data boosts Fed easing odds
Gold price rallies for the second straight day, shy of testing the $3,400 figure following the release of softer inflation and jobs data in the United States (US) as geopolitical tensions grow in the Middle East. The XAU/USD trades at $3,386 at the time of writing.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
GBPUSD tests the close intraday support at 1.35804 after failing on break to new highs
GBPUSD tests the close intraday support at 1.35804 after failing on break to new highs
Failed breakout puts focus on key swing support as GBPUSD tests trader conviction
GBP
USD
GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets
GBP/USD hits 1.36 as soft US PPI, jobless claims fuel rate cut bets
GBP/USD extended its gains on Thursday following the release of another inflation report in the United States (US), which increased the odds that the Federal Reserve (Fed) could resume its easing cycle sooner than expected.
GBPUSD
Technical Analysis
Fundamental Analysis
Majors
Currencies
AUDUSD tests key resistance—buyers and sellers battle for control
AUDUSD tests key resistance—buyers and sellers battle for control
Price stalls near 61.8% retracement as support builds at 100-bar MA on the 4-hour chart
USDCAD under pressure as price breaks key support and enters swing area
USDCAD under pressure as price breaks key support and enters swing area
Bearish momentum builds as USDCAD breaks trend support and tests multi-month swing zone
CAD
USD
Gold pushing $3400 and new highs for the month
Gold pushing $3400 and new highs for the month
The June high reached $3403.44 last week.
The USD moves lower after the claims/PPI data.
The USD moves lower after the claims/PPI data.
EURUSD continues its rise to the highest level since
The USD is lower led by the EURUSD which is breaking to a new 2025 high. What next?
The USD is lower led by the EURUSD which is breaking to a new 2025 high. What next?
In the video, I take a look at the EURUSD, USDJPY and GBPUSD to kickstart the US session on June 12.
EUR pushes to fresh multi-year high – Scotiabank
EUR pushes to fresh multi-year high – Scotiabank
Euro (EUR) is strong and entering Thursday’s NA session with a 1.0% gain, propelled by the combination of trade-related sentiment and fundamentally-driven ECB headlines that have pushed it to levels last seen in November 2021, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
CAD reaches fresh recovery high – Scotiabank
CAD reaches fresh recovery high – Scotiabank
The Canadian Dollar (CAD) is extending its recent gains and trading at fresh marginal highs, reaching levels last seen in early October, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
BOC
Canada
USD weakens broadly as trade headlines compound CPI losses – Scotiabank
USD weakens broadly as trade headlines compound CPI losses – Scotiabank
The US Dollar (USD) is weak and losing ground against all of the G10 currencies while showing marginal gains vs. MXN, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
DollarIndex
Technical Analysis
Brent eyes $72 and $75.40 as next resistance levels – Société Générale
Brent eyes $72 and $75.40 as next resistance levels – Société Générale
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note, Société Générale's FX analysts note.
Banks
Brent
Oil
Technical Analysis
Levels
EUR/USD breaks short-term channel – Société Générale
EUR/USD breaks short-term channel – Société Générale
EUR/USD is regaining upside traction after defending its 50-DMA and breaking above a short-term channel, with momentum indicators supporting a test of key resistance levels, Société Générale's FX analysts note.
EURUSD
Technical Analysis
Banks
USD/CNH has likely moved into a 7.1620/7.2200 range – UOB Group
USD/CNH has likely moved into a 7.1620/7.2200 range – UOB Group
US Dollar (USD) could edge higher, but any advance is likely limited to a test of 7.2070. In the longer run, USD has likely moved into a 7.1620/7.2200 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD: The US-China deal – Commerzbank
USD: The US-China deal – Commerzbank
The US dollar depreciated yesterday following the weaker-than-expected US inflation figures and the EUR/USD exchange rate was able to rise towards its April high this morning.
DollarIndex
Banks
China
Fed
Technical Analysis
USD/JPY: Increase in momentum is not sufficient to indicate a sustained advance – UOB Group
USD/JPY: Increase in momentum is not sufficient to indicate a sustained advance – UOB Group
The current price movements are likely part of a range trading phase between 143.60 and 145.10. In the longer run, Increase in momentum is not sufficient to indicate a sustained advance just yet; US Dollar (USD) must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Pete
USDJPY
Technical Analysis
Banks
DXY: Data matters – OCBC
DXY: Data matters – OCBC
US Dollar (USD) fell on softer than expected CPI. This puts focus on PPI data tonight (8:30pm) before the lead up to FOMC next week. DXY was last at 98.40 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Technical Analysis
Banks
USD: Dollar's glass is half empty – ING
USD: Dollar's glass is half empty – ING
It is fair to say that dollar price action has been poor.
DollarIndex
Banks
Technical Analysis
Fed
NZD/USD: Likely to trade in a sideways range of 0.6015/0.6055 – UOB Group
NZD/USD: Likely to trade in a sideways range of 0.6015/0.6055 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6015/0.6055 against US Dollar (USD). In the longer run, upward momentum remains largely unchanged, but there is a chance for NZD to test 0.6095, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
EUR/USD: ECB boosting appeal – OCBC
EUR/USD: ECB boosting appeal – OCBC
Euro (EUR) extended its move above 1.15-handle on broad US Dollar (USD) softness overnight (post-CPI) and ECB comments. EUR was last at 1.1552 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
AUD/USD: Expected to trade in a range – UOB Group
AUD/USD: Expected to trade in a range – UOB Group
Australian Dollar (AUD) is expected to trade in a range against US Dollar (USD), likely between 0.6490 and 0.6535. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
Antipodeans: Consolidating upward trend – ING
Antipodeans: Consolidating upward trend – ING
The Australian and New Zealand dollars are consolidating recent gains as US-China trade tensions have abated, while the USD failed to regain much ground, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
AUDUSD
GBP/USD: Unlikely to reach 1.3620 for now – UOB Group
GBP/USD: Unlikely to reach 1.3620 for now – UOB Group
Further rebound is not ruled out, but Pound Sterling (GBP) is unlikely to reach 1.3620 against US Dollar (USD). In the longer run, GBP appears to have moved into a 1.3495/1.3620 range trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
GBP: A little underperformance coming through – ING
GBP: A little underperformance coming through – ING
Some softer UK April GDP data this morning has seen sterling come under more pressure, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
GBPUSD
EURGBP
EUR/USD: Likely to continue rising towards 1.1575 – UOB Group
EUR/USD: Likely to continue rising towards 1.1575 – UOB Group
Scope for Euro (EUR) to continue to rise; the major resistance at 1.1535 is probably out of reach for now. In the longer run, EUR could continue to rise to 1.1535; it is too early to tell if there is enough momentum for it to reach 1.1575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
EUR: Everyone loves the Euro – ING
EUR: Everyone loves the Euro – ING
The Euro (EUR) has been doing well this week and seems to be the big winner from the de-dollarisation story, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
NZD/USD Price Forecast: Tests nine-day EMA support near 0.6000
NZD/USD Price Forecast: Tests nine-day EMA support near 0.6000
NZD/USD is extending its losses for the second successive session, trading around 0.6020 during the European hours on Thursday. The technical analysis of the daily chart suggests a bullish bias as the pair moves upwards within an ascending channel pattern.
NZDUSD
Technical Analysis
Majors
USD/CHF Price Forecast: Trades below 0.8200 after retreating from nine-day EMA barrier
USD/CHF Price Forecast: Trades below 0.8200 after retreating from nine-day EMA barrier
The USD/CHF pair continues to lose ground for the second consecutive day, trading around 0.8170 during the European hours on Thursday. However, the bearish bias is prevailing as the pair moves downwards within the descending channel pattern, indicated by the daily chart’s technical analysis.
USDCHF
Majors
Technical Analysis
Switzerland
Gold Technical Analysis – Safe haven flows boost the precious metal
Gold Technical Analysis – Safe haven flows boost the precious metal
Gold remains mostly rangebound but with a bullish tilt amid positive big picture fundamentals
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
US Dollar Index Price Forecast: Outlook remains bearish, key support level emerges near 98.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, tumbles to the lowest level in seven weeks near 98.35 due to rising expectations of Federal Reserve (Fed) rate cuts this year and persistent uncertainty over tariff battles.
DollarIndex
Technical Analysis
Majors
UnitedStates