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EUR: Staying supported – ING
EUR: Staying supported – ING
EUR/USD has found some decent support under 1.11 and we expect that to continue to be the case, ING’s FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
USDJPY Technical Analysis – We filled the Monday gap
USDJPY Technical Analysis – We filled the Monday gap
The USDJPY pair erased all the Monday gains and filled the gap. What’s next?
JPY
USD
GBP/JPY Price Forecast: Remains under selling pressure below 194.00, bullish bias prevails
GBP/JPY Price Forecast: Remains under selling pressure below 194.00, bullish bias prevails
The GBP/JPY cross remains under some selling pressure around 193.85 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Pound Sterling (GBP) amid the prospect that the Bank of Japan (BoJ) will hike rates again.
GBPJPY
Technical Analysis
Crosses
Bullish
FX option expiries for 15 May 10am New York cut
FX option expiries for 15 May 10am New York cut
A look at what is on the board for today
USD/CAD Price Forecast: Remains below 1.4000 confluence hurdle ahead of US PPI, Fed's Powell
USD/CAD Price Forecast: Remains below 1.4000 confluence hurdle ahead of US PPI, Fed's Powell
The USD/CAD pair struggles to capitalize on the previous day's goodish rebound from the 1.3900 mark and attracts fresh sellers during the Asian session on Thursday. Spot prices, however, lack bearish conviction and currently trade around the 1.3865 area, down less than 0.10% for the day.
USDCAD
Inflation
Fed
Technical Analysis
Currencies
Silver Price Forecast: XAG/USD breaks below $32.00 with developing bearish bias
Silver Price Forecast: XAG/USD breaks below $32.00 with developing bearish bias
Silver price (XAG/USD) is extending its losses for the second successive session, trading around $31.90 per troy ounce during the Asian hours on Thursday.
Silver
Technical Analysis
Majors
Commodities
Metals
GBP/JPY Price Forecast: Slides as bearish engulfing pattern signals a pullback looms
GBP/JPY Price Forecast: Slides as bearish engulfing pattern signals a pullback looms
The GBP/JPY retreated on Wednesday, losing over 0.82% after hitting a weekly high of 196.39 earlier during the Asian session. As Thursday's Asian session begins, the GBP/JPY trades at 194.48 flat.
GBPJPY
Technical Analysis
Currencies
Crosses
Silver Price Forecast: XAG/USD drops over 2% on high US yields, hovers near $32.00
Silver Price Forecast: XAG/USD drops over 2% on high US yields, hovers near $32.00
Silver price fell 2% on Wednesday amid elevated US Treasury bond yields as investors seemed confident that the US Federal Reserve would not reduce interest rates. At the time of writing, the XAG/USD trades at $32.20, unchanged as the Asian session begins.
Technical Analysis
XAGUSD
Silver
Metals
AUD/NZD price analysis: Aussie holds near 1.0900 as bullish tone persists
AUD/NZD price analysis: Aussie holds near 1.0900 as bullish tone persists
The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains close to the top of its daily range, suggesting that buyers maintain control despite some mixed momentum signals.
Technical Analysis
Currencies
Crosses
AUDNZD
Australia
Bullish
AUD/USD mixed technical signals amid fundamental headwinds
AUD/USD mixed technical signals amid fundamental headwinds
The AUD/USD pair is trading near the lower end of its daily range, reflecting a mixed technical outlook.
AUDUSD
Currencies
Technical Analysis
Fundamental Analysis
NZD/JPY price analysis: Cross retreats near daily lows ahead of Asian session
NZD/JPY price analysis: Cross retreats near daily lows ahead of Asian session
The NZD/JPY cross is trading near the 86.50 zone on Wednesday, down approximately 1% as it approaches the lower end of its daily range ahead of the Asian session.
Crosses
Technical Analysis
NZDJPY
Currencies
Gold price tumbles below $3,200 on trade optimism and rising US yields
Gold price tumbles below $3,200 on trade optimism and rising US yields
Gold price plummeted for the second day out of three on Wednesday, driven mainly by an improvement in risk appetite following positive trade news linked to the United States (US).
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
EUR/USD price analysis: Euro steadies near 1.1200 as mixed signals persist
EUR/USD price analysis: Euro steadies near 1.1200 as mixed signals persist
The EUR/USD pair traded near the 1.1200 zone on Wednesday after the European session, reflecting a cautiously bullish tone as the market approaches the Asian session. Price action remains within the middle of its daily range, indicating balanced sentiment despite a mixed technical backdrop.
EURUSD
Technical Analysis
Majors
Currencies
USD/CAD eyes breakout as price tests 50-day EMA, momentum builds above 1.3950
USD/CAD eyes breakout as price tests 50-day EMA, momentum builds above 1.3950
USD/CAD is holding steady near 1.3975 in the American session on Wednesday, with bulls attempting to reclaim control after a strong bounce from the 1.3900 zone earlier in the day.
USDCAD
Technical Analysis
Prices
Momentum
SupportResistance
Gold Technical Analysis – Price breaks below 200-bar MA on 4H as momentum shifts lower
Gold Technical Analysis – Price breaks below 200-bar MA on 4H as momentum shifts lower
Gold slips below 200-bar MA on 4 hour chart; Sellers eye $3167, $3139, and $3129 as next key targets
Gold
EUR/CHF price analysis: Pair maintains bullish tone with minor gains on Wednesday
EUR/CHF price analysis: Pair maintains bullish tone with minor gains on Wednesday
The EUR/CHF pair is trading around the 0.9400 zone on Wednesday, reflecting a slightly bullish tone with minor gains as the pair remains within the mid-range of its recent fluctuation.
Crosses
Currencies
Technical Analysis
EURJPY
EURCHF
Bullish
EURUSD Technical Analysis – Sellers lean at resistance, bias bearish below support zone
EURUSD Technical Analysis – Sellers lean at resistance, bias bearish below support zone
EURUSD breaks below key swing support; sellers eye 1.1145 and 1.10648 next
EUR
USD
EUR/JPY price analysis: Pair holds bullish stance despite minor losses
EUR/JPY price analysis: Pair holds bullish stance despite minor losses
The EUR/JPY pair is trading near the 164.00 zone ahead of the Asian session on Wednesday, reflecting a slightly bullish tone despite minor losses on the day.
EURJPY
Crosses
Currencies
Technical Analysis
Bullish
GBP/USD slips modestly from weekly high as traders await UK GDP
GBP/USD slips modestly from weekly high as traders await UK GDP
The Pound Sterling (GBP) erases some of its earlier gains on Wednesday after reaching a weekly high of 1.3359, and edges down 0.03% amid a lack of catalysts as traders brace for the release of GDP figures for the United Kingdom (UK). At the time of writing, GBP/USD trades at 1.3293.
GBPUSD
Fundamental Analysis
Technical Analysis
Majors
Currencies
Super Micro Computer (SMCI) – Bullish break above 200 day MA. Key resistance targets ahead
Super Micro Computer (SMCI) – Bullish break above 200 day MA. Key resistance targets ahead
SMCI clears 200-day MA; bulls now eye $47.86 to $51.35 as next upside targets
EUR/GBP rebounds as markets weigh inflation and policy outlook
EUR/GBP rebounds as markets weigh inflation and policy outlook
The EUR/GBP exchange rate is staging a modest rebound on Wednesday, recovering from a week-long decline as investors respond to stable German inflation figures and cautious commentary from both the European Central Bank (ECB) and Bank of England (BoE) officials. 
EURGBP
Fundamental Analysis
Technical Analysis
Crosses
GBPUSD Technical Analysis – Buyers eye rebound after dip to 200-bar MA support
GBPUSD Technical Analysis – Buyers eye rebound after dip to 200-bar MA support
Can the GBPUSD find support at 200-bar MA on the 4-hour chart; watch 1.32859 and 1.32577 for next bias shifts?
GBP
USD
Buyers in the NZDUSD are losing momentum. Down on the day now.
Buyers in the NZDUSD are losing momentum. Down on the day now.
The price of the NZDUSD is now negative on the day and below the 200-hour MA at 0.59378
NZD
USD
AUDUSD Technical Analysis – Buyers Defend 200-Day MA, but Momentum Wanes
AUDUSD Technical Analysis – Buyers Defend 200-Day MA, but Momentum Wanes
AUDUSD stalls near 2025 highs; 200-day MA becomes key support pivot
AUD
USD
Gold Price Forecast: XAU/USD breaks support as market looks for next catalyst
Gold Price Forecast: XAU/USD breaks support as market looks for next catalyst
Gold prices remain under pressure as investors reassess the interest rate outlook and digest mixed signals from recent US economic data. At the time of writing, XAU/USD is down 2.23% on the day, trading below $3,200, extending a week-to-date decline of 4.26%. 
Gold
XAUUSD
Fed
DollarIndex
Technical Analysis
USDCAD Technical Analysis – Resistance holds, but buyers still eye more control
USDCAD Technical Analysis – Resistance holds, but buyers still eye more control
Buyers in USDCAD defend key support, but face tough resistance near 200 bar MA on the 4-hour chart at 1.3967 and 200-day MA at 1.40114.
CAD
USD
The USDCHF is trading lower for  2nd consecutive day, but finds buyers near an old ceiling
The USDCHF is trading lower for 2nd consecutive day, but finds buyers near an old ceiling
What next for the USDCHF pair technically given the recent price action.
CHF
USD
EUR a mid-performer in context of broad-based USD weakness – Scotiabank
EUR a mid-performer in context of broad-based USD weakness – Scotiabank
The Euro (EUR) is entering Wednesday’s NA session with a decent 0.5% gain, a mid-performer among the G10 in the context of a broadly weaker US Dollar (USD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
EURUSD
Technical Analysis
CAD up marginally and a relative underperformer – Scotiabank
CAD up marginally and a relative underperformer – Scotiabank
The Canadian Dollar (CAD) is up marginally vs. the US Dollar (USD) and continuing to underperform its G10 peers for a second consecutive session, trading with the broader trend but with moves of a smaller magnitude, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
Canada
BOC
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
USD extending weakness as markets focus on US/Korea talks, US bias – Scotiabank
The US Dollar (USD) is weakening broadly into Wednesday’s NA session, extending Tuesday’s CPI driven-decline and retracing most of its US/China-trade related relief gains from the start of the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Banks
Technical Analysis
The USD is lower for the 2nd consecutive day. EURUSD/USDJPY between MAs in neutral area.
The USD is lower for the 2nd consecutive day. EURUSD/USDJPY between MAs in neutral area.
The GBPUSD is more bullish from a technical perspective. What are the key technical levels in play for the 3 major currency pairs to start the US session for May 14.
Mexican Peso holds onto gains with the Banxico decision in sight
Mexican Peso holds onto gains with the Banxico decision in sight
The Mexican Peso (MXN) posts a second consecutive day of gains on Wednesday against the US Dollar (USD),  slipping below 19.40 ahead of key commentary from Federal Reserve (Fed) officials that could influence the monetary policy outlook.
USDMXN
Banxico
Mexico
Technical Analysis
Fundamental Analysis
GBP: Eyeing a break higher – ING
GBP: Eyeing a break higher – ING
The US jobs market has continued to cool, ING's FX analyst Francesco Pesole notes.
Banks
GBPUSD
Technical Analysis
EURGBP
USD: Strategic USD shorts quickly re-emerge – ING
USD: Strategic USD shorts quickly re-emerge – ING
The dollar gave back almost all of its post-China-deal gains in one session.
DollarIndex
Banks
Technical Analysis
Fed
EUR: Not in a prime position to rally – ING
EUR: Not in a prime position to rally – ING
EUR/USD is back to trading close to the 1.120 mark, entirely driven by the swings in the dollar following the US-China deal and CPI numbers, ING's FX analyst Francesco Pesole notes.
EURUSD
Banks
Technical Analysis
NZD/USD: RBNZ to keep cutting in May – ING
NZD/USD: RBNZ to keep cutting in May – ING
Another 25bp rate cut by the Reserve Bank of New Zealand on 28 May seems likely. Markets are fully pricing it in, following the RBNZ’s previous indications that growth remains a major concern, ING's FX analysts Francesco Pesole and Chris Turner note.
Banks
NZDUSD
Technical Analysis
RBNZ
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
USD/CNH: Likely to trade sideways between 7.1850 and 7.2100 – UOB Group
US Dollar (USD) is likely to trade sideways between 7.1850 and 7.2100. In the longer run, renewed downward momentum suggests 7.1700 is back in sight, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
AUD/USD: Cheering the US-China de-escalation – ING
AUD/USD: Cheering the US-China de-escalation – ING
USD and the Australian dollar are the biggest beneficiaries in G10 from a de-escalation in US-China trade tensions, ING's FX analysts Francesco Pesole and Chris Turner note.
AUDUSD
Banks
Technical Analysis
USD/JPY: Further USD strength is likely – UOB Group
USD/JPY: Further USD strength is likely – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.20. In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks