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USD: Trade versus geopolitical news – ING
USD: Trade versus geopolitical news – ING
The situation in Israel and Iran has shown few signs of de-escalation, and while that is offering intermittent support to the dollar, it has so far failed to generate a major rebound in the greenback, ING's FX analyst Francesco Pesole notes.
DollarIndex
Banks
Technical Analysis
Fed
EUR/USD: Likely to trade between 1.1510 and 1.160 – UOB Group
EUR/USD: Likely to trade between 1.1510 and 1.160 – UOB Group
Momentum indicators remain flattish; Euro (EUR) is expected to trade in a range against US Dollar (USD), likely between 1.1510 and 1.1605.
Technical Analysis
EURUSD
Banks
EUR: ZEW might underwhelm – ING
EUR: ZEW might underwhelm – ING
EUR/USD price action is so far endorsing our call that markets are not ready to take the pair much above 1.160 just yet.
Banks
EURUSD
Technical Analysis
AUD/JPY Price Forecast: Moves above 94.50, resistance appears near three-month highs
AUD/JPY Price Forecast: Moves above 94.50, resistance appears near three-month highs
AUD/JPY extends its gains for the second consecutive day, trading around 94.60 during the European hours on Tuesday. As per the technical analysis of the daily chart, the currency cross remains within an ascending channel pattern, confirming a sustained bullish bias.
AUDJPY
Crosses
Technical Analysis
EUR/USD wavers within range with geopolitical tensions gripping markets
EUR/USD wavers within range with geopolitical tensions gripping markets
The EUR/USD pair is trading practically flat, halfway through the 1.1500 range on Tuesday.
EURUSD
Fed
Technical Analysis
Currencies
SEO
USDJPY Technical Analysis – The rangebound price action continues
USDJPY Technical Analysis – The rangebound price action continues
The USDJPY pair remains stuck in a tight range as traders await stronger catalysts to trigger a breakout
US Dollar Index Price Forecast: Bearish bias remains unchanged near 98.00
US Dollar Index Price Forecast: Bearish bias remains unchanged 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, trades with mild losses near 98.10 during the early European session on Tuesday.
Technical Analysis
DollarIndex
Majors
UnitedStates
SupportResistance
Silver Price Forecast: XAG/USD trades below mid-$36.00s; bullish potential seems intact
Silver Price Forecast: XAG/USD trades below mid-$36.00s; bullish potential seems intact
Silver (XAG/USD) extends its sideways consolidative price move for the third consecutive day and trades below mid-$36.00s during the Asian session on Tuesday.
Silver
Commodities
Technical Analysis
XAGUSD
Bullish
NZD/JPY Price Forecast: Surges above key resistance near 88.00
NZD/JPY Price Forecast: Surges above key resistance near 88.00
The NZD/JPY rallied sharply and posted gains of over 1%, trading at 87.69 after bouncing off daily lows of 86.56, clearing key technical resistance levels, as the pair seems poised to challenge the year-to-date (YTD) high of 89.71.
Crosses
Technical Analysis
Currencies
NZDJPY
EUR/USD jumps as traders look past Iran-Israel turmoil ahead of US Retail Sales
EUR/USD jumps as traders look past Iran-Israel turmoil ahead of US Retail Sales
EUR/USD recovered after posting a loss of 0.25% last Friday, as hostilities between Israel and Iran began, which boosted the Greenback’s appeal.
EURUSD
Majors
Fundamental Analysis
Technical Analysis
SEO
NZD/USD holds firm near recent highs as China data, risk-on mood support Kiwi
NZD/USD holds firm near recent highs as China data, risk-on mood support Kiwi
The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Monday, bouncing back from Friday’s dip as broad US Dollar weakness and easing geopolitical jitters lift risk appetite.
NZDUSD
Technical Analysis
Gold sinks below $3,400 despite ongoing Middle East tensions
Gold sinks below $3,400 despite ongoing Middle East tensions
Gold price tumbled below $3,400 during the North American session, down over 1% despite tensions in the Middle East remaining high as the Israel-Iran conflict escalates. At the time of writing, XAU/USD trades at $3,399 after reaching an eight-week peak of $3,452.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
AUD/USD hits fresh YTD high on hopes of Israel-Iran de-escalation
AUD/USD hits fresh YTD high on hopes of Israel-Iran de-escalation
The Australian Dollar (AUD) strengthened against the US Dollar (USD) on Monday, buoyed by improved risk sentiment amid easing geopolitical tensions. 
AUDUSD
Majors
Macroeconomics
Currencies
Technical Analysis
GBP/USD rebounds above 1.36 as Israel-Iran conflict deepens, Dollar weakens on risk shift
GBP/USD rebounds above 1.36 as Israel-Iran conflict deepens, Dollar weakens on risk shift
The GBP/USD surged during the North American session, rising back above the 1.36 figure as hostilities within the Israel-Iran conflict escalated over the weekend and continued into the new week. At the time of writing, the pair trades at 1.3600, gaining 0.27%.
GBPUSD
Majors
Technical Analysis
Currencies
Fundamental Analysis
USD/INR firms up above 86.00 after softer Empire State reading
USD/INR firms up above 86.00 after softer Empire State reading
The Indian Rupee (INR) strengthens against the US Dollar (USD) on Monday, halting a two-day losing streak as the US Dollar Index (DXY) slips lower and fresh trade data boosts sentiment.
USDINR
India
Technical Analysis
Fundamental Analysis
USD/CNH: Likely to trade in a range between 7.1770 and 7.1970 – UOB Group
USD/CNH: Likely to trade in a range between 7.1770 and 7.1970 – UOB Group
USD is likely to trade in a range between 7.1770 and 7.1970. 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/JPY can potentially test 145.00 – UOB Group
USD/JPY can potentially test 145.00 – UOB Group
US Dollar (USD) could potentially test 145.00 against Japanese Yen (JPY); the major resistance at 145.50 is unlikely to come under threat. In the longer run, USD is likely to trade in a range between 143.00 and 145.50, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
Gold flirts with $3,400 as investors monitor geopolitical risks and US Dollar weakness
Gold flirts with $3,400 as investors monitor geopolitical risks and US Dollar weakness
Gold is trading lower on Monday as a combination of profit-taking and geopolitical risks continues to drive prices.
Gold
XAUUSD
Commodities
Technical Analysis
Macroeconomics
JPY soft and underperforming ahead of BoJ Tuesday – Scotiabank
JPY soft and underperforming ahead of BoJ Tuesday – Scotiabank
The Japanese Yen (JPY) is soft against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of mild risk appetite, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDJPY
Banks
Japan
BOJ
Technical Analysis
USD/JPY: BoJ is coming up next – OCBC
USD/JPY: BoJ is coming up next – OCBC
Geopolitical escalation in Middle East saw safe haven proxies, including JPY strengthening last Friday. USD/JPY was last at 144.12 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
BOJ
GBP flat into high risk week – Scotiabank
GBP flat into high risk week – Scotiabank
Pound Sterling (GBP) is entering Monday’s NA session flat against the US Dollar (USD), a relative underperformer in an environment of modest risk appetite and mild USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
GBPUSD
Banks
Technical Analysis
EUR up modestly, with focus on ECB/Fed outlook – Scotiabank
EUR up modestly, with focus on ECB/Fed outlook – Scotiabank
Euro (EUR) is up 0.2% vs. the US Dollar (USD) and a mid-performer among the G10, extending its recovery from last week’s geopolitically-driven pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
EURUSD
Banks
Technical Analysis
CAD retains a firm undertone but ignores crude swings – Scotiabank
CAD retains a firm undertone but ignores crude swings – Scotiabank
The Canadian Dollar (CAD) retains a firm undertone against a generally softer US Dollar (USD). The CAD’s performance since the outbreak of Israel/Iran hostilities last week is fairly middling among the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.
USDCAD
Banks
Technical Analysis
Canada
BOC
USD slips as risk sentiment improves – Scotiabank
USD slips as risk sentiment improves – Scotiabank
The US Dollar (USD) is softer overall, crude oil is lower while the ILS is some 2% stronger and risk appetite is firmer at the start of what is likely to be a busy week for markets, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note, Scotiabank's Chief FX Strategists Shaun Osborne and Eric T
DollarIndex
Banks
Technical Analysis
USD: Dollar rebound has been lacklustre – ING
USD: Dollar rebound has been lacklustre – ING
This was always meant to be a very busy week for markets, as a few key central bank meetings – including the Federal Reserve's – were set to refresh the market understanding of policymakers’ stance on the inflation-growth balance in the second month of global US protectionism.
Banks
DollarIndex
Technical Analysis
Oil
Fed
NZD/USD: Likely to trade in a range of 0.5970/0.6080 for now – UOB Group
NZD/USD: Likely to trade in a range of 0.5970/0.6080 for now – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range between 0.6000 and 0.6050. In the longer run, upward pressure has faded; NZD is likely to trade in a range of 0.5970/0.6080 for now.
Banks
NZDUSD
Technical Analysis
DXY: Rangebound for now – OCBC
DXY: Rangebound for now – OCBC
US Dollar (USD) remains a touch firmer amid geopolitical escalation between Israel and Iran. DXY was last at 97.93 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
AUD/USD: Likely to trade sideways between 0.6430 and 0.6550 – UOB Group
AUD/USD: Likely to trade sideways between 0.6430 and 0.6550 – UOB Group
Downward pressure appears to have eased; Australian Dollar (AUD) is likely to trade sideways between 0.6460 and 0.6520. 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
GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group
GBP/USD: Likely to trade sideways between 1.3515 and 1.360 – UOB Group
Current price movements are likely part of a sideways trading phase between 1.3515 and 1.3605. In the longer run, GBP must first close above 1.3640 before a move to 1.3700 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Banks
Technical Analysis
JPY: BoJ to hold, but hike chances underpriced – ING
JPY: BoJ to hold, but hike chances underpriced – ING
G10 central bank activity this week starts with the Bank of Japan, which is widely expected to keep rates at 0.5% overnight, ING's FX analyst Francesco Pesole notes.
USDJPY
Banks
BOJ
Technical Analysis
Japan
GBP/USD: Pullback is on the cards – OCBC
GBP/USD: Pullback is on the cards – OCBC
Pound Sterling (GBP) eased further as escalation in geopolitical tensions weighed on sentiments. Pair was last at 1.3583 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
GBPUSD
Banks
Technical Analysis
EUR: Peak central bank action in Europe – ING
EUR: Peak central bank action in Europe – ING
The eurozone’s dependence on energy price exports should put a curb on EUR/USD upside in our view, ING's FX analyst Francesco Pesole notes.
Banks
EURUSD
Technical Analysis
NZD/USD Price Forecast: Advances toward 0.6050 after breaking above nine-day EMA
NZD/USD Price Forecast: Advances toward 0.6050 after breaking above nine-day EMA
NZD/USD is retracing its recent losses, trading around 0.6030 during the European hours on Monday. The technical analysis of the daily chart suggests that the bullish bias is prevailing as the pair remains within an ascending channel pattern.
NZDUSD
Technical Analysis
Majors
Gold Technical Analysis – Pullback in safe haven flows
Gold Technical Analysis – Pullback in safe haven flows
Gold is pulling back from the recent highs as safe haven flows recede
EUR/JPY Price Forecast: Key upside barrier emerges near 166.50
EUR/JPY Price Forecast: Key upside barrier emerges near 166.50
The EUR/JPY cross extends its upside to around 166.50 during the early European trading hours on Monday. A generally positive tone around the equity markets weighs on the safe-haven currency like the Japanese Yen (JPY).
Crosses
EURJPY
Technical Analysis
GBP/USD Price Forecast: Treads water above 1.3550, nine-day EMA
GBP/USD Price Forecast: Treads water above 1.3550, nine-day EMA
The GBP/USD pair has recovered its daily losses, trading around 1.3570 during the Asian hours on Monday. The bullish bias may weaken as the daily chart’s technical analysis indicates that the pair is hovering around the ascending channel pattern.
Majors
GBPUSD
Technical Analysis
EUR/USD Price Forecast: Ascending channel favors bulls ahead of the key central bank event risk
EUR/USD Price Forecast: Ascending channel favors bulls ahead of the key central bank event risk
The EUR/USD pair trades with a mild negative bias below mid-1.1500s through the Asian session on Monday amid a modest US Dollar (USD) uptick, though it lacks bearish conviction.
EURUSD
Fed
ECB
Technical Analysis
Currencies