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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 extends losses as geopolitical tensions sour market sentiment
EUR/USD extends losses as geopolitical tensions sour market sentiment
The EUR/USD pair is extending its reversal from last week's highs on Thursday, weighed by investors' aversion to risk, as fears of an escalation of the Israel-Iran war into a regional conflict have overshadowed the Federal Reserve's (Fed) monetary policy decision.
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 faces selling pressure ahead of BoE’s monetary policy announcement
Pound Sterling faces selling pressure ahead of BoE’s monetary policy announcement
The Pound Sterling (GBP) trades lower against its major peers, except antipodeans, on Thursday. The British currency faces selling pressure ahead of the Bank of England’s (BoE) monetary policy announcement due at 11:00 GMT.
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
BoE poised to leave interest rate unchanged
BoE poised to leave interest rate unchanged
The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its fourth rate-setting meeting of 2025.
BOE
GBPUSD
UnitedKingdom
SEO
SNB poised to cut rates back to zero later today
SNB poised to cut rates back to zero later today
The Swiss central bank rate policy is set to follow the inflation path
EUR/JPY Price Forecast: Retains bullish bias above 166.00
EUR/JPY Price Forecast: Retains bullish bias above 166.00
The EUR/JPY cross attracts some sellers to near 166.35 during the early European trading hours on Thursday. The Japanese Yen (JPY) gathers strength against the Euro (EUR) as Middle East tensions dampen sentiment.
EURJPY
Crosses
Technical Analysis
Bullish
FX option expiries for Jun 19 NY cut
FX option expiries for Jun 19 NY cut
FX option expiries for Jun 19 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Currencies
Options
EUR/GBP hovers around 0.8550 as traders adopt caution ahead of BoE’s decision
EUR/GBP hovers around 0.8550 as traders adopt caution ahead of BoE’s decision
EUR/GBP extended its winning streak for the fourth consecutive day, trading near 0.8550 during the Asian hours on Thursday. The currency cross remains steady ahead of the Bank of England’s (BoE) interest rate decision scheduled later in the day.
EURGBP
Macroeconomics
Crosses
UnitedKingdom
Eurozone
USD/CAD Price Forecast: Recovers to near 20-day EMA
USD/CAD Price Forecast: Recovers to near 20-day EMA
The USD/CAD pair extends its two-day recovery move to near 1.3710 during Asian trading hours on Thursday. The Loonie pair attracts bids as the US Dollar (USD) gains further, while Middle East tensions have escalated amid the possibility of the United States (US) striking Iran, Bloomberg reported.
USDCAD
BOC
Fed
SupportResistance
MiddleEast
USD/CHF looks to build momentum beyond 0.8200 ahead of SNB rate decision
USD/CHF looks to build momentum beyond 0.8200 ahead of SNB rate decision
The USD/CHF pair builds on its recent recovery from the vicinity of mid-0.8000s, or a nearly two-month low touched last week, and scales higher for the fifth straight day on Thursday.
USDCHF
SNB
InterestRate
Fed
Currencies
USD/INR refreshes two-month high on possibility of US striking Iran
USD/INR refreshes two-month high on possibility of US striking Iran
The Indian Rupee (INR) posts a fresh two-month high near 86.65 against the US Dollar (USD) on Thursday.
USDINR
Macroeconomics
India
EmergingMarkets
SEO
EUR/USD extends downside to near 1.1450 ahead of ECB’s Lagarde speech
EUR/USD extends downside to near 1.1450 ahead of ECB’s Lagarde speech
The EUR/USD pair extends the decline to near 1.1465 during the Asian session on Thursday. The Euro (EUR) weakens against the Greenback amid the risk-off mood due to rising geopolitical tensions in the Middle East.
EURUSD
Majors
Macroeconomics
Fed
Reminder: It is a US holiday today
Reminder: It is a US holiday today
But the potential for US intervention in the Middle East continues to draw attention
market overview
GBP/USD holds losses near 1.3400 ahead of BoE’s policy decision
GBP/USD holds losses near 1.3400 ahead of BoE’s policy decision
GBP/USD remains subdued for the third consecutive session, trading around 1.3410 during the Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) gains ground amid increased safe-haven demand, driven by escalating tensions between Israel and Iran.
GBPUSD
Macroeconomics
Majors
UnitedKingdom
BOE
Silver Price Forecast: XAG/USD flat lines around $36.75 area; bullish potential seems intact
Silver Price Forecast: XAG/USD flat lines around $36.75 area; bullish potential seems intact
Silver (XAG/USD) oscillates in a narrow range around the $36.75 area during the Asian session on Thursday and for now, seems to have stalled the previous day's modest pullback from its highest level since February 2012.
Silver
Commodities
XAGUSD
Technical Analysis
Bullish
Japan plans to cut super-long bond sales by 10% to alleviate market concerns - Reuters
Japan plans to cut super-long bond sales by 10% to alleviate market concerns - Reuters
The Japanese government plans to reduce sales of super-long bonds by about 10% from the initial plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond issuance as a result, per Reuters.
Japan
Macroeconomics
BOJ
Gold price bounces off one-week low as risk-off impulse offsets USD strength
Gold price bounces off one-week low as risk-off impulse offsets USD strength
Gold price (XAU/USD) reverses an early European session dip to a one-week low and currently trades around the $3,366-3,367 area, nearly unchanged for the day amid mixed fundamental cues.
Gold
Commodities
RiskAversion
Fed
SEO
US Dollar Index moves above 99.00 due to Fed Rate hold, escalating Middle-East tensions
US Dollar Index moves above 99.00 due to Fed Rate hold, escalating Middle-East tensions
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the third successive session and trading higher at around 99.10 during the Asian hours on Thursday.
DollarIndex
Macroeconomics
Fed
UnitedStates