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USDCHF rebound tests key moving averages after sharp sell-off
USDCHF rebound tests key moving averages after sharp sell-off
Buyers push above swing resistance and 100-hour MA, but 200-hour MA at 0.81707 remains critical for shift in control
EUR consolidates rally from February lows – Scotiabank
EUR consolidates rally from February lows – Scotiabank
The Euro (EUR) is softer, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with Swiss Franc (CHF) and Australian Dollar (AUD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
Fundamental Analysis
GBP/USD consolidates 10-day rally – Scotiabank
GBP/USD consolidates 10-day rally – Scotiabank
Pound Sterling (GBP) is entering Tuesday’s American session flat against the US Dollar (USD) and showing signs of exhaustion following an astounding 10-session rally that culminated in Monday’s surge through 1.34, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
USDCAD moves above 100 hour MA.  Can the price stay above the MA and give the buyers hope
USDCAD moves above 100 hour MA. Can the price stay above the MA and give the buyers hope
The 100 hour MA comes in at 1.3846. Stay above and extend above the 200 hour MA is needed to give the buyers more control at least in the short-term
JPY outperforming G10 currencies – Scotiabank
JPY outperforming G10 currencies – Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
USD/CAD dips below 1.38 remain well-supported – Scotiabank
USD/CAD dips below 1.38 remain well-supported – Scotiabank
The Canadian Dollar (CAD) is little changed on the session so far, reflecting a somewhat mixed trend in the USD overall, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD steadies, undertone remains weak – Scotiabank
USD steadies, undertone remains weak – Scotiabank
The US Dollar (USD) is consolidating. The major currencies are trading mixed overall as markets steady and take stock of developments after yesterday’s steep US equity declines.
Technical Analysis
Fed
Banks
DollarIndex
The EURUSD, GBPUSD and USDJPY are consolidating after USD selling yesterday. What next?
The EURUSD, GBPUSD and USDJPY are consolidating after USD selling yesterday. What next?
The EURUSD, USDJPY and GBPUSD are correctiing/consolidating and trying to give USD buyers a small victory. However, there would be more work to do to give USD buyers more control
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY: Stay short into Kato-Bessent meeting – OCBC
USD/JPY continues to trade with a heavy bias as broad USD softness persists. Pair was last at 140.34 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks
Gold: Another new high – OCBC
Gold: Another new high – OCBC
XAU/USD surged to another fresh highs as Trump doubled down on threats against Powell, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
DXY: Short covering Soon? – OCBC
DXY: Short covering Soon? – OCBC
Dollar Index (DXY) continued to trade near recent lows and was last seen trading at 98.44, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold uptrend accelerates, MACD hits multiyear high – Société Générale
Gold continues to push higher after defending its 50-day moving average, with no immediate signs of exhaustion.
Technical Analysis
XAUUSD
Metals
Gold
Banks
UpTrend
USD/JPY tests key support near 139.50 – Société Générale
USD/JPY tests key support near 139.50 – Société Générale
USD/JPY continues to slide after breaking below a flag-like channel, hitting last year’s low around 139.50/138.90.
Technical Analysis
USDJPY
Banks
CAD: Downside risks still prevail – Commerzbank
CAD: Downside risks still prevail – Commerzbank
USD/CAD has fallen significantly in recent weeks. However, this was due to pronounced USD weakness rather than CAD strength. If the US dollar recovers, we are likely to see higher levels again.
Technical Analysis
Canada
BOC
USDCAD
Banks
JPY: Strong position – ING
JPY: Strong position – ING
The Japanese Yen (JPY) is the biggest winner in this latest round of USD selling, as it responds to both the equity slump and the risks of the Fed’s independence.
Technical Analysis
BOJ
Japan
USDJPY
Banks
JPY: Strength mainly vs. the USD – Commerzbank
JPY: Strength mainly vs. the USD – Commerzbank
The Japanese yen continued to strengthen against the US dollar over the holiday weekend, with the USD/JPY approaching 140 this morning.
Technical Analysis
BOJ
Japan
USDJPY
Banks
USD: Confidence crisis extends – ING
USD: Confidence crisis extends – ING
US Dollar (USD) losses of the past few weeks have been a combination of mounting US growth concerns and a loss of confidence in the dollar as a safe haven. The round of USD weakness seen on Easter Monday belongs to both trends.
Technical Analysis
Fed
Banks
DollarIndex
EUR: 1.20 discussion now open – ING
EUR: 1.20 discussion now open – ING
The latest round of dollar depreciation has sent EUR/USD through the 1.150 level. Now, there isn’t any other key resistance until 1.20. Picking a top in the pair has proven a frustrating exercise, and Trump’s attack on the Fed is likely extending the confidence crisis on the dollar.
Technical Analysis
EURUSD
Banks
USDJPY Technical Analysis – The greenback continues to take it on the chin
USDJPY Technical Analysis – The greenback continues to take it on the chin
The USDJPY finally reached the 140.00 handle as the US Dollar continues to remain under pressure from tariff uncertainty.
US Dollar Index Price Forecast: Remains under pressure near 98.00, oversold RSI condition eyed
US Dollar Index Price Forecast: Remains under pressure near 98.00, oversold RSI condition eyed
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends its downside to near 98.15, the lowest since March 2022. The USD weakens across the board as fears over the independence of the Federal Reserve (Fed) intensified. 
Technical Analysis
DollarIndex
USD/CAD Price Forecast: Hangs near multi-month low; seems vulnerable around 1.3800
USD/CAD Price Forecast: Hangs near multi-month low; seems vulnerable around 1.3800
The USD/CAD pair struggles to capitalize on the overnight bounce from the 1.3780 region, or a six-month low, and attracts fresh sellers during the Asian session on Tuesday.
USDCAD
TradeWar
Recession
Technical Analysis
Currencies
EUR/USD Price Forecast: Rises to near 1.1550, four-year highs
EUR/USD Price Forecast: Rises to near 1.1550, four-year highs
EUR/USD extends its gains for the third successive session, trading around 1.1530 during the Asian hours on Tuesday. The technical analysis of the daily chart suggests growing buying pressure and as the pair is moving upwards within an ascending channel pattern.
Technical Analysis
EURUSD
Majors
USD/CHF extends decline nears 13-year low as Trump-Powell rift deepens
USD/CHF extends decline nears 13-year low as Trump-Powell rift deepens
The USD/CHF extended its losses for the third consecutive day as market mood shifted sour due to US President Donald Trump's attacks on Fed Chair Jerome Powell, which investors saw as a threat to the independence of the US central bank. At the time of writing, the pair trades at 0.8080, down 0.06.
Technical Analysis
Currencies
Majors
USDCHF
Fundamental Analysis
AUD/JPY Price Analysis: Bearish momentum persists despite intraday stability ahead of Asian session
AUD/JPY Price Analysis: Bearish momentum persists despite intraday stability ahead of Asian session
The AUDJPY pair is flashing bearish signals, currently trading around 90.33, a dip of 0.35% on the day.
Crosses
Technical Analysis
Currencies
AUDJPY
AUD/NZD Price Analysis: Bearish signals deepen as Aussie struggles against Kiwi
AUD/NZD Price Analysis: Bearish signals deepen as Aussie struggles against Kiwi
The AUD/NZD pair is exhibiting bearish signals, currently trading around 1.0700, down 0.40% today, and positioned mid-range between 1.06784 and 1.07439 during Monday’s session.
Crosses
Technical Analysis
Currencies
AUDNZD
USDCAD buyers battle back after new going back to 2024 low reached today.
USDCAD buyers battle back after new going back to 2024 low reached today.
Break back above 1.38499 would mark a small win for buyers, but key moving averages still cap upside potential
Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears
Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears
Gold price begins the week on a higher note, gaining over 2.56% and refreshing a previous record high as the precious metal hits $3,430 on uncertainty about comments that threat to curtail the Federal Reserve’s (Fed) independence.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed
USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed
The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines.
Technical Analysis
Fed
USDCAD
Majors
Sell US/Sell USD has the USDCHF trading to another new low going back to 2011
Sell US/Sell USD has the USDCHF trading to another new low going back to 2011
The sellers are in firm control. What is needed to give the buyers some control - at least in the short term?
EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
The EUR/USD pair is gaining traction on Monday’s session, rising to the 1.1500 region and marking a 1% intraday increase. The pair sits mid-range between 1.1391 and 1.1572, with bullish sentiment supported by price action and technical indicators.
EURUSD
Technical Analysis
Majors
Currencies
Bullish
EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages
EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages
The EUR/GBP pair extended its positive momentum on Monday after the European session, holding near the 0.8600 area following a 0.31% daily gain. Price action hovered mid-range between 0.8577 and 0.8624, with bulls managing to sustain control without triggering a breakout.
Crosses
Technical Analysis
Currencies
EURGBP
Bullish
GBPUSD moves up to test a key upside target. Do not be surprised to see sellers leaning
GBPUSD moves up to test a key upside target. Do not be surprised to see sellers leaning
The last 3 highs from 2023 to 2024 is being tested at 1.3422 to 1.34336 today
GBP/USD soars toward 1.34 as traders question Fed’s independence
GBP/USD soars toward 1.34 as traders question Fed’s independence
The Pound Sterling (GBP) rallies sharply by over 0.70% on Monday as investors grew distrustful of United States (US) policymakers after White House Economic Adviser Kevin Hassett stated that President Donald Trump is seeking ways to sack Federal Reserve (Fed) Chair Jerome Powell.
Technical Analysis
Fed
Majors
GBPUSD
Fundamental Analysis
USDJPY falls with the USD weakness and trades to lowest level since September 2024
USDJPY falls with the USD weakness and trades to lowest level since September 2024
The USDJPY tests the 61.8% of the range since the 2023 low at 140.483
JPY up 1% with markets focused on trade talks April 24 – Scotiabank
JPY up 1% with markets focused on trade talks April 24 – Scotiabank
Japanese Yen (JPY) is up an impressive 1.0% against the US Dollar (USD) but a mid-performer among the G10 currencies in an environment of material USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP a mid-performer as markets await BoE Government speech – Scotiabank
GBP a mid-performer as markets await BoE Government speech – Scotiabank
Pound Sterling (GBP) is up 0.8% against the US Dollar (USD) and relative underperformer against its European currency peers CHF, EUR and SEK.
Technical Analysis
Banks
GBPUSD
EUR outperforming on relative risk & central bank policy – Scotiabank
EUR outperforming on relative risk & central bank policy – Scotiabank
Euro (EUR) is up an impressive 1.25% against. the US Dollar (USD) and outperforming all of the G10 currencies with the exception of Swiss Franc (CHF), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD firmer but underperforms G10 peers – Scotiabank
CAD firmer but underperforms G10 peers – Scotiabank
USD/CAD traded briefly on a 1.37 handle earlier for the first time since October, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD slides on Fed independence threat – Scotiabank
USD slides on Fed independence threat – Scotiabank
The sell-off in the USD and US assets generally has resumed.
Technical Analysis
Fed
Banks
DollarIndex