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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
USD/CAD bounces up from lows but remains on the defensive below 1.3700
USD/CAD bounces up from lows but remains on the defensive below 1.3700
The US Dollar is posting a mild recovery against its Canadian counterpart on Thursday’s European trading session.
USDCAD
Currencies
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
How have interest rates expectations changed after the US CPI report?
How have interest rates expectations changed after the US CPI report?
Interestingly, we haven't seen that much of a change...
market overview
German economy now expected to grow by 0.3% this year - Ifo
German economy now expected to grow by 0.3% this year - Ifo
Ifo Institute releases their latest projections of the German economy - 12 June 2025
Silver Price Forecast: XAG/USD corrects further to near $35.50 despite escalating Middle East woes
Silver Price Forecast: XAG/USD corrects further to near $35.50 despite escalating Middle East woes
Silver price (XAG/USD) extends its correction for the third trading day, slides almost 1.5% to near $35.50 during European trading hours on Thursday. The white metal retraces after failing to extend its over-decade high of $36.90 posted on Monday.
Silver
XAGUSD
DollarIndex
SupportResistance
MiddleEast
US futures nudge lower on the session
US futures nudge lower on the session
S&P 500 futures now down 0.6% on the day
GBP/JPY extends losses below 195.00 following soft UK GDP data
GBP/JPY extends losses below 195.00 following soft UK GDP data
The Pound accelerates its reversal against the Japanese Yen and is nearing the bottom of the last week's trading range, at 194.70 hammered by downbeat UK monthly GDP and manufacturing production figures.Higher taxes and Trump’s tariff turmoil hit the UK economy in April, and the GDP shrank at a 0.3
GBPJPY
Currencies
GDP
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
ECB's Simkus: The ECB has arrived at neutral level of rates
ECB's Simkus: The ECB has arrived at neutral level of rates
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Thursday that “the ECB has arrived at neutral level of rates.”
InterestRate
ECB
CentralBanks
EURUSD
ECB’s Villeroy: No fixed position on future rate decisions
ECB’s Villeroy: No fixed position on future rate decisions
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday that there is no fixed position on future rate decisions.”
ECB
CentralBanks
InterestRate
EURUSD
Pound Sterling advances against US Dollar amid uncertainty over Trump's tariff policy
Pound Sterling advances against US Dollar amid uncertainty over Trump's tariff policy
The Pound Sterling (GBP) jumps to near 1.3600 against the US Dollar during European trading hours on Thursday. The GBP/USD pair trades firmly as the US Dollar underperforms its peers due to uncertainty surrounding the tariff policy.
GBPUSD
GDP
UnitedStates
BOE
SEO
ECB's Villeroy: No fixed position on future rate decisions
ECB's Villeroy: No fixed position on future rate decisions
Comments from the ECB policymaker to Fanceinfo radio
EUR/USD hits long-term highs above 1.1600, boosted by a weak Dollar
EUR/USD hits long-term highs above 1.1600, boosted by a weak Dollar
The EUR/USD keeps rallying further on Thursday, testing levels above 1.1600 for the first time since late 2021.
EURUSD
Currencies
SEO
Fed
WTI Oil price falls to near $66.50, downside seems limited due to escalating Middle East tensions
WTI Oil price falls to near $66.50, downside seems limited due to escalating Middle East tensions
West Texas Intermediate (WTI) Oil price pulled back from a two-month high of $67.82, currently trading around $66.50 per barrel during the early European hours on Thursday.
Oil
Commodities
WTI
Macroeconomics
Majors
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
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Forex Today: US Dollar stays offered as focus shifts to PPI inflation data
Here is what you need to know on Thursday, June 12:
Inflation
DollarIndex
Currencies
Fed
MiddleEast
What are the main events for today?
What are the main events for today?
The highlights include the US PPI and the US Jobless Claims data
market overview
China’s Foreign Minister says government will always honour its commitments
China’s Foreign Minister says government will always honour its commitments
Chinese Foreign Minister Wang Yi said on Thursday that the government will always honour its commitments, adding that he hopes the US can work with China to implement what was agreed between the two presidents.
China
Macroeconomics
UnitedStates
TradeWar
China will always honour its commitments, says foreign ministry
China will always honour its commitments, says foreign ministry
The comments relate to Trump's message that a deal with China is "done"
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
EUR/GBP gathers strength to near 0.8500 on weaker UK GDP data
The EUR/GBP cross gains momentum to around 0.8495 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK growth numbers.
EURGBP
Crosses
Macroeconomics
GDP
UnitedKingdom
Eurostoxx futures -0.8% in early European trading
Eurostoxx futures -0.8% in early European trading
A more cautious mood after the slight retreat yesterday
Crude Oil price today: WTI price bearish at European opening
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $66.53 per barrel, down from Wednesday’s close at $67.20.
Oil
WTI
Commodities
UK GDP falls 0.3% MoM in April vs. -0.1% expected
UK GDP falls 0.3% MoM in April vs. -0.1% expected
The UK economy contracted in April, with the Gross Domestic Product (GDP) declining 0.3%, having increased by 0.2% in March, the latest data published by the Office for National Statistics (ONS) showed on Thursday.
GDP
UnitedKingdom
EconomicIndicator
GBPUSD
IndustrialProduction
UK April monthly GDP -0.3% vs -0.1% m/m expected
UK April monthly GDP -0.3% vs -0.1% m/m expected
Latest data released by ONS - 12 June 2025
China response awaited after Trump lauds "done deal"
China response awaited after Trump lauds "done deal"
A lot of hoo-ha for what essentially looks to be an exchange of small gestures
market overview
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
NZD/USD gains to near 0.6040 amid uncertainty surrounding US tariff policy
The NZD/USD claws back its initial losses and rises to near 0.6040 during early European trading hours on Thursday. The Kiwi pair attracts bids as the US Dollar (USD) declines as uncertainty surrounding the outlook of the United States' (US) tariff policy has escalated.
NZDUSD
China
UnitedStates
DollarIndex
NewZealand
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
USD/CAD Price Forecast: Falls to near 1.3650, eight-month lows
The USD/CAD pair is retracing its recent gains registered in the previous session, trading around 1.3660 during the Asian hours on Thursday.
USDCAD
Majors
Technical Analysis
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
GBP/JPY Price Forecast: Remains depressed near mid-195.00s ahead of UK monthly GDP
The GBP/JPY cross struggles to capitalize on the previous day's modest gains and attracts fresh sellers during the Asian session on Thursday, though it lacks follow-through.
GBPJPY
TradeWar
BOE
Technical Analysis
Currencies
Oil jump eases a little as traders deliberate Middle East tensions
Oil jump eases a little as traders deliberate Middle East tensions
The latest chatter is that the US and Iran will be meeting this weekend
AUD/JPY declines to near 93.50 amid geopolitical risks
AUD/JPY declines to near 93.50 amid geopolitical risks
The AUD/JPY cross trades in negative territory for the second consecutive day around 93.55 during the early European trading hours on Thursday. Rising geopolitical tensions in the Middle East boost the safe-haven flows, supporting the Japanese Yen (JPY).
AUDJPY
Macroeconomics
Crosses
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
USD/CNH retraces to near 7.20 as investors seeks more details on US-China trade deal
The USD/CNH pair gives back all gains made on Wednesday and slides to near 7.18 during Asian trading hours on Thursday.
USDCNH
UnitedStates
China
DollarIndex
PPI
Gold price flat lines below one-week high; bullish potential seems intact as traders await US data
Gold price flat lines below one-week high; bullish potential seems intact as traders await US data
Gold price (XAU/USD) reverses an early European session slide to the $3,338 area and is currently placed in neutral territory, just below a one-week high touched this Wednesday.
Gold
Commodities
TradeWar
Fed
SEO
Bullish