NZD/USD: Likely to trade in a range between 0.5980 and 0.6080 – UOB Group
NZD/USD: Likely to trade in a range between 0.5980 and 0.6080 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.6000/0.6045 against US Dollar (USD). In the longer run, NZD is expected to trade in a range between 0.5980 and 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
TRY: Despite the upcoming restart of the cutting cycle, fat carry remains – ING
TRY: Despite the upcoming restart of the cutting cycle, fat carry remains – ING
We expect the Central Bank of Turkey to leave rates unchanged today at 46% in line with market expectations, ING's FX analyst Frantisek Taborsky notes.
USDTRY
Banks
Turkey
CBRT
Dow Jones futures slump on Middle East conflicts, upside US inflation risks
Dow Jones futures slump on Middle East conflicts, upside US inflation risks
Dow Jones futures trade lower during European trading hours on Thursday as fears of the United States' (US) entry in the aerial war between Israel and Iran has diminished demand for risk-perceived assets.
Equities
SP500
UnitedStates
DollarIndex
MiddleEast
USD/CHF bounce faces 0.8350 test – Société Générale
USD/CHF bounce faces 0.8350 test – Société Générale
USD/CHF is attempting a modest rebound from 0.8030, but remains below key resistance at 0.8350, keeping the broader downtrend intact, Société Générale's FX analysts note.
Technical Analysis
USDCHF
Banks
Silver price today: Silver falls, according to FXStreet data
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver
Commodities
Metals
USD: Still upside risks – ING
USD: Still upside risks – ING
The two major US macro events yesterday (the FOMC and TIC data) left very few marks on FX. Markets are understandably attaching limited value to dot plot projections given the high uncertainty of the tariff impact and recent oil volatility.
DollarIndex
Banks
Technical Analysis
Fed
AUD/JPY Price Forecast: Finds initial support at 94.00, aligns with nine-day EMA
AUD/JPY Price Forecast: Finds initial support at 94.00, aligns with nine-day EMA
AUD/JPY retraces its recent gains registered in the previous day, trading around 94.10 during the European hours on Thursday. As per the technical analysis of the daily chart, the currency cross moves upwards within an ascending channel pattern, indicating a bullish bias.
AUDJPY
Crosses
Technical Analysis
AUD/USD: Enters in a range-trading phase between 0.6430 and 0.6550 – UOB Group
AUD/USD: Enters in a range-trading phase between 0.6430 and 0.6550 – UOB Group
Non-directional price movements for now; AUD is likely to trade between 0.6475 and 0.6540. In the longer run, AUD appears to have moved into a range-trading phase between 0.6430 and 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
DXY: Geopolitical concerns overshadow Fed – OCBC
DXY: Geopolitical concerns overshadow Fed – OCBC
In the FX space, geopolitical concerns appear to have overshadowed the FOMC outcome. Last at 99 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
DollarIndex
Technical Analysis
EU weighs UK-style trade deal with US
EU weighs UK-style trade deal with US
The Financial Times reports on the matter
ECB's Villeroy: Need to remain alert and agile in next meetings
ECB's Villeroy: Need to remain alert and agile in next meetings
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that need to remain alert and agile in all of their next meetings, per Reuters.
CentralBanks
ECB
US Dollar Index (DXY) crawls beyond 98.00 supported by risk aversion
US Dollar Index (DXY) crawls beyond 98.00 supported by risk aversion
The Dollar has recovered its safe-haven status amid fears that the Middle East conflict escalates into a regional war with the US intervention.
DollarIndex
Fed
Currencies
GBP/USD: Can ease towards 1.3375 – UOB Group
GBP/USD: Can ease towards 1.3375 – UOB Group
Pound Sterling (GBP) could ease to 1.3375 against US Dollar (USD); any further decline is unlikely to reach the major support at 1.3335.
GBPUSD
Banks
Technical Analysis
EUR: Lots of central bank activity in Europe today – ING
EUR: Lots of central bank activity in Europe today – ING
EUR/USD can probably correct a bit further from here on geopolitical risks, and the near-term target is 1.140, and explorations below that level can be justified even without new big spikes in oil prices.
EURUSD
Banks
Technical Analysis
CentralBanks
USD/CAD holds gains above 1.3700 due to escalating Israel-Iran conflict
USD/CAD holds gains above 1.3700 due to escalating Israel-Iran conflict
USD/CAD continues to gain ground for the third consecutive day, trading around 1.3710 during the European hours on Thursday. The pair gains ground as the US Dollar (USD) draws upward support from increased safe-haven demand, driven by escalating geopolitical tensions in the Middle East.
USDCAD
Macroeconomics
Majors
Canada
Oil
EUR/USD: A double top bearish reversal? – OCBC
EUR/USD: A double top bearish reversal? – OCBC
Euro (EUR) extended its move lower over the past few sessions as geopolitical escalation unnerved sentiments. Pair was last at 1.1450 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR/USD: Can edge lower and potentially test the 1.1440 level  – UOB Group
EUR/USD: Can edge lower and potentially test the 1.1440 level – UOB Group
There has been a slight increase in downward momentum; Euro (EUR) could edge lower and potentially test the 1.1440 level. EUR is likely to trade in a range for now, probably between 1.1400 and 1.1570, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
EUR/USD trims losses with upside attempts limited on risk aversion
EUR/USD trims losses with upside attempts limited on risk aversion
The EUR/USD pair has bounced up from weekly lows at 1.1445 on Thursday and is posting marginal gains daily, as the pair trades at 1.1485 at the moment of writing.
EURUSD
Majors
Macroeconomics
SEO
SNB’s Tschudin: Economic situation for Switzerland has become considerably more uncertain
SNB’s Tschudin: Economic situation for Switzerland has become considerably more uncertain
Swiss National Bank (SNB) governing board member Petra Tschudin is addressing the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.
Switzerland
SNB
CentralBanks
InterestRate
USDCHF
SNB's Martin: Interest rate environment in Switzerland has started to weigh on banks' profitability
SNB's Martin: Interest rate environment in Switzerland has started to weigh on banks' profitability
Swiss National Bank (SNB) Vice Chairman Antoine Martin is speaking at the post-policy meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.
Switzerland
SNB
CentralBanks
InterestRate
USDCHF
SNB's Schlegel: With today's cut we are countering lower inflationary pressure
SNB's Schlegel: With today's cut we are countering lower inflationary pressure
Swiss National Bank (SNB) Chairman Martin Schlegel is addressing the post-meeting press conference, explaining the decision behind the 25 basis points (bps) interest rate cut to 0%.
Switzerland
SNB
CentralBanks
InterestRate
USDCHF
EUR/CHF pulls back below 0.9400 despite the SNB's rate cut
EUR/CHF pulls back below 0.9400 despite the SNB's rate cut
Buy the rumour, sell the fact for the EUR/CHF on Wednesday, as the pair has reacted lower to the Swiss National Bank’s decision to cut its benchmark rate by 25 basis points, to 0% after its monetary policy meeting.The EUR/CHF has pulled back from the 0.9420 area to levels right below the 0.9400 leve
EURCHF
SNB
Currencies
USD/CHF steadies around 0.8200 after SNB announces a quarter basis point rate cut
USD/CHF steadies around 0.8200 after SNB announces a quarter basis point rate cut
USD/CHF continues its winning streak for the fifth consecutive session, trading around 0.8200 during the European hours on Thursday. The pair holds gains following the release of the interest rate decision by the Swiss National Bank (SNB).
USDCHF
Macroeconomics
Switzerland
Majors
SNB
Lagarde speech: Greater regional trade can offset global losses
Lagarde speech: Greater regional trade can offset global losses
European Central Bank (ECB) President Christine Lagarde is delivering a keynote address at the 9th Annual Research Conference, titled Economic and Financial Integration in a Stormy and Fragmenting World, on Thursday.
ECB
CentralBanks
InterestRate
EURUSD
Inflation
Forex Today: US Dollar holds ground in Fed aftermath, eyes on BoE
Forex Today: US Dollar holds ground in Fed aftermath, eyes on BoE
Here is what you need to know on Thursday, June 19:
Majors
Macroeconomics
Currencies
EconomicIndicator
Commodities
SNB lowers Sight Deposit Rate by 25 bps to 0% as expected
SNB lowers Sight Deposit Rate by 25 bps to 0% as expected
The Swiss National Bank (SNB) announced on Thursday that it cut the benchmark Sight Deposit Rate by 25 basis points (bps) to 0% from 0.25% following its monetary policy assessment for the June quarter.
SNB
CentralBanks
InterestRate
USDCHF
Switzerland
Pound Sterling gives back gains as BoE leave interest rates steady, with 6-3 majority
Pound Sterling gives back gains as BoE leave interest rates steady, with 6-3 majority
The Pound Sterling (GBP) faces selling pressure against its major peers on Thursday as the Bank of England’s (BoE) leaves interest rates steady at 4.25%.
GBPUSD
BOE
Fed
Inflation
SEO
WTI retakes $74.00; remains close to multi-month top  as Iran-Israel conflict fuels supply concerns
WTI retakes $74.00; remains close to multi-month top as Iran-Israel conflict fuels supply concerns
West Texas Intermediate (WTI) US Crude Oil prices regain positive traction on Thursday amid concerns that a broader conflict in the Middle East could influence global supply.
Oil
Commodities
MiddleEast
TradeWar
WTI
European equities continue with the more cautious mood to start the day
European equities continue with the more cautious mood to start the day
Stocks in Europe look poised for back-to-back weekly drops now
Stocks
Silver Price Forecast: XAG/USD tumbles to near $36.30 despite escalating Middle East tensions
Silver Price Forecast: XAG/USD tumbles to near $36.30 despite escalating Middle East tensions
Silver price (XAG/USD) is down almost 1% to near $36.25 during European trading hours on Thursday. The white metal faces a sharp selling pressure even though geopolitical tensions in the Middle East region have escalated after the United States (US) signaled that it is preparing to strike Iran.
Silver
XAGUSD
Fed
MiddleEast
SupportResistance
NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA
NZD/USD Price Forecast: Targets 0.5950 support near 50-day EMA
NZD/USD falls nearly 1% on Thursday, trading around 0.5970 during the early European hours on Thursday. The technical analysis of the daily chart suggests the emergence of a bearish bias, as the pair has broken below the lower boundary of the ascending channel pattern.
NZDUSD
Technical Analysis
Majors
GBP/JPY extends decline below 194.50 ahead of BoE rate decision
GBP/JPY extends decline below 194.50 ahead of BoE rate decision
The GBP/JPY cross extends its downside to near 194.45 during the early European trading hours on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) due to the looming threat of a broader conflict in the Middle East and possible US involvement.
Macroeconomics
GBPJPY
Crosses
BOE
What are the main events for today?
What are the main events for today?
The highlights include the SNB and BoE rate decisions, and the potential US strike against Iran
market overview
Israel's Netanyahu: We will exact the full price from the "tyrants" in Tehran
Israel's Netanyahu: We will exact the full price from the "tyrants" in Tehran
Remarks by Israeli prime minister, Benjamin Netanyahu
Politics
Eurostoxx futures -0.6% in early European trading
Eurostoxx futures -0.6% in early European trading
The struggling mood continues on the week
Stocks
Crude Oil price today: WTI price bullish at European opening
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $73.52 per barrel, up from Wednesday’s close at $72.94.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.08 price posted on Wednesday, and trading at $75.51.
Oil
WTI
Commodities
Bullish