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Gold slides as market mood improves due to Trump easing tensions on China
Gold slides as market mood improves due to Trump easing tensions on China
Gold prices plunged more than 2.50% on Wednesday as risk appetite improved due to a possible de-escalation of US-China tensions and US President Donald Trump's statement that he doesn’t plan to fire Federal Reserve (Fed) Chair Jerome Powell.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
USDCAD extends to the upside
USDCAD extends to the upside
Moves above the swing area/100 hour MA
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
USD/CAD price analysis: Consolidation holds below 1.3900 as Fed and trade policy risks loom
The USD/CAD pair trades modestly higher around 1.3800 during Wednesday’s North American session, bouncing within a tight range after testing six-month lows earlier in the week.
Technical Analysis
Fed
USDCAD
Majors
Stocks still higher but trading at session lows
Stocks still higher but trading at session lows
S&P and NASDAQ indices tested their 200 hour moving averages and found willing sellers
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
EUR/GBP Price Analysis: Pair trades near 0.8600 amid neutral short-term signals
The EURGBP pair eased slightly on Wednesday, slipping toward the lower end of its recent consolidation range after the European session. The pair was last seen hovering near the 0.8600 area, reflecting a mild pullback within a still-bullish technical setup.
Crosses
Technical Analysis
Currencies
EURGBP
GBPUSD dips back toward the 200 hour MA
GBPUSD dips back toward the 200 hour MA
The rising 200-hour MA comes in at 1.32573
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
EUR/USD Price Analysis: Edges lower toward 1.1400 zone despite bullish trend structure
The EUR/USD pair eased lower on Wednesday, retreating slightly toward the 1.1400 zone after a recent bullish streak.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
EURUSD breaks below 200 hour MA
EURUSD breaks below 200 hour MA
Key support down at 1.0271 – 1.1275
CAD unruffled by overnight swings, holds range – Scotiabank
CAD unruffled by overnight swings, holds range – Scotiabank
The Canadian Dollar (CAD) is little changed on the day as spot continues to consolidate.
Technical Analysis
Canada
BOC
USDCAD
Banks
GBP jostled by sentiment, headline risks – Scotiabank
GBP jostled by sentiment, headline risks – Scotiabank
The Pound Sterling (GBP) weakens and enters Wednesday’s American session with a modest decline, trading in tandem with the Euro (EUR), around the Trump trade/Fed headlines, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
JPY fades as sentiment recovers – Scotiabank
JPY fades as sentiment recovers – Scotiabank
Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
EUR consolidated around 1.14 – Scotiabank
EUR consolidated around 1.14 – Scotiabank
The Euro (EUR) is soft and entering Wednesday’s NA session with a modest decline against the US Dollar (USD), having recovered from a short-lived bout of early Asian session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
USD consolidates as trade/Fed concerns ease – Scotiabank
USD consolidates as trade/Fed concerns ease – Scotiabank
Markets are trading with a sense of relief this morning. Late yesterday, President Trump said he had no intention of firing Fed Chair Powell and remarked that the 145% tariffs on China could be reduced substantially following a trade deal.
Technical Analysis
Fed
Banks
DollarIndex
USDCHF rally stalls at key Fibonacci resistance after Trump-Powell boost
USDCHF rally stalls at key Fibonacci resistance after Trump-Powell boost
After reclaiming the 200-hour MA, USDCHF tests and rejects 38.2% retracement; focus shifts to 0.82307–0.82399 swing zone with buyers and sellers battling near key moving averages. After reclaiming the 200-hour MA, USDCHF tests and rejects 38.2% retracement; focus shifts to 0.82307–0.82399 swing zone with buyers and sellers battling near key moving averages.
Trump's Trade Rhetoric: Tariffs, Tensions,  Market Volatility send the dollar up then down
Trump's Trade Rhetoric: Tariffs, Tensions, Market Volatility send the dollar up then down
A technical look at the EURUSD, USDJPY and GBPUSD to kickstart the trading day
AUD/USD breaks out of spring range – Société Générale
AUD/USD breaks out of spring range – Société Générale
AUD/USD has staged a notable recovery this month, breaching key resistance levels and eyeing a test of the 200-day moving average. A sustained break higher could signal a broader bullish trend reversal, with targets at 0.6550 and beyond, Société Générale's FX analysts note.
Technical Analysis
Banks
AUDUSD
Signs of easing for the USD – Commerzbank
Signs of easing for the USD – Commerzbank
EUR-USD did not stay above 1.15 for long, instead we saw a broad-based recovery in the US dollar yesterday. A number of factors may have played a role. One of the most important was certainly Donald Trump's announcement last night that he has 'no intention of firing Fed Chairman Jerome Powell'.
Technical Analysis
EURUSD
Banks
DollarIndex
EUR/USD dips on USD relief rally – Danske Bank
EUR/USD dips on USD relief rally – Danske Bank
EUR/USD edged lower toward the 1.14 mark, as the broader USD staged a modest rebound across the G10 space, Danske Bank's FX analysts report.
Technical Analysis
Currencies
EURUSD
Majors
Banks
US Dollar Index Price Forecast: Tests 99.00 support after pulling back from nine-day EMA
US Dollar Index Price Forecast: Tests 99.00 support after pulling back from nine-day EMA
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, has lost its intraday gains, trading around 99.00 during the European hours on Wednesday.
Technical Analysis
Majors
DollarIndex
GBP/JPY Price Forecast: Rebounds to 189.00 as risk-on mood offsets weaker UK PMIs
GBP/JPY Price Forecast: Rebounds to 189.00 as risk-on mood offsets weaker UK PMIs
The GBP/JPY cross retreats from the vicinity of the 190.00 psychological mark, or over a two-week top touched earlier this Wednesday.
GBPJPY
PMI
RiskAppetite
Technical Analysis
Currencies
USD: US-China de-escalation in sight? – ING
USD: US-China de-escalation in sight? – ING
The US Dollar (USD) rebounded alongside US equities yesterday as market fears about tariffs eased partially, ING's FX analyst Francesco Pesole notes.
Technical Analysis
TradeWar
Fed
Banks
DollarIndex
Gold Technical Analysis – Have we reached an inflection point?
Gold Technical Analysis – Have we reached an inflection point?
Gold is down more than 5% from the all-time high as fundamental conditions seems to be changing. What’s next?
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
NZD/USD Price Forecast: Bounces off 0.5950 near ascending channel’s lower boundary
The NZD/USD pair recovers its recent losses registered in the previous session, trading around 0.6000 during early European trading hours on Wednesday. Technical analysis on the daily chart indicates a bullish bias, with the formation of an ascending channel pattern.
Technical Analysis
Majors
NZDUSD
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
EUR/USD Price Forecast: Bounces off 1.1300 neighborhood; shows resilience below 23.6% Fibo.
The EUR/USD pair attracts some follow-through selling for the second straight day on Wednesday and drops to a one-week low during the Asian session. Spot prices, however, rebound a few pips from the 1.1300 neighborhood and currently trade around the 1.1380 region, still down over 0.35% for the day.
EURUSD
Fed
RiskAppetite
Technical Analysis
Currencies
GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails
GBP/JPY afloat near 189.00 amid risk jitters, bearish bias prevails
GBP/JPY trades modestly higher near 189.00 during Tuesday’s session after bouncing from intraday lows around 187.47. The pair’s upside follows a minor recovery in the Pound Sterling, which briefly reached 1.3423 against the US Dollar before retreating amid political and economic crosswinds.
Crosses
Technical Analysis
Currencies
GBPJPY
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
EUR/JPY Price Analysis: Drifts near 162.00 as technical picture turns indecisive
The EURJPY pair is currently neutral, trading near the 162.00 zone after easing slightly on Tuesday. The pair remains confined within a narrow range between 160.98 and 162.32, showing no clear directional bias as Asian markets approach.
Crosses
Technical Analysis
Currencies
EURJPY
USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
USD/CHF bounces over 1% as trade optimism lifts mood, but Powell tensions linger
The USD/CHF makes a U-turn and trade with gains of over 1% on Tuesday as market mood improved on trade headlines and a possible de-escalation of US-Sino conflict tensions. At the time of writing, the pair trades at 0.8181 after hitting a daily low of 0.8065.
Technical Analysis
Currencies
Fed
Majors
USDCHF
AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
AUD/JPY Price Analysis: Trades soft near 90.10 zone with bearish outlook intact
The AUDJPY pair is flashing an overall bearish signal, currently trading around 90.10 after a modest dip during Tuesday’s session. The cross remains mid-range between the day’s low of 89.64 and high of 90.58, suggesting hesitation in either direction as markets await fresh momentum into Asia.
Crosses
Technical Analysis
Currencies
AUDJPY
USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
USD/JPY clings to 142.00 as Fed uncertainty and Yen strength weigh
The USD/JPY pair struggles to regain ground on Tuesday, trading around the 142.00 mark during North American hours after bouncing off earlier lows near 140.65.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control
NZDUSD corrects lower after reaching 2025 high but work to do to give sellers more control
The price of the NZDUSD is approaching the 100 hour MA at 0.5964. Get below and stay below is more bearish.
Mexican Peso strengthens to yearly high as trade war cools, mood improves
Mexican Peso strengthens to yearly high as trade war cools, mood improves
The Mexican Peso (MXN) posted substantial gains versus the US Dollar (USD) on Tuesday, sponsored by an improvement in risk appetite due to optimistic news of a ‘de-escalation’ of the trade war between the US and China. At the time of writing, USD/MXN trades at 19.58, down 0.61%.
Technical Analysis
Mexico
SEO
USDMXN
Banxico
Gold falls as Trump calm Fed fears, China trade hopes boost US Dollar
Gold falls as Trump calm Fed fears, China trade hopes boost US Dollar
Gold prices drop as Wednesday’s Asian session begins, which is sponsored by Trump’s comments that he is not looking to fire Fed Chair Jerome Powell. At the time of writing, XAU/USD plunges over 1% and trades at $3,333.
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
USDCHF is the first major currency pair to extend above its 200 hour moving average
USDCHF is the first major currency pair to extend above its 200 hour moving average
The USDCHF has extended above its 200 hour moving average at 0.81653
EUR/GBP Price Analysis: Holds bullish tone despite minor decline
EUR/GBP Price Analysis: Holds bullish tone despite minor decline
The EURGBP pair is exhibiting a bullish overall signal, currently trading around the 0.8600 area after slipping slightly during Tuesday’s session following the European close.
Crosses
Technical Analysis
Currencies
EURGBP
Bullish
EURUSD moves to new session lows and closer to is rising 100 hour moving average
EURUSD moves to new session lows and closer to is rising 100 hour moving average
The EURUSD approaching its100 hour moving averages at 1.14305. Move below is more bearish in the short term
US stocks get an additional boost from Bessent comments. Indices approach hourly MAs
US stocks get an additional boost from Bessent comments. Indices approach hourly MAs
US stocks rally as Treasury Secretary Bessent predicts de-escalation of US-China standoff, pushing NASDAQ and S&P towards key moving averages for bullish shift.
USD
Stocks
AUDUSD fails at key resistance, sellers regain control below 0.6390 to 0.6407
AUDUSD fails at key resistance, sellers regain control below 0.6390 to 0.6407
Rejection at the 0.6427–0.6444 swing zone shifts bias lower, with next target support at 0.6326–0.6340
EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
EUR/USD Price Analysis: Holds bullish tone despite mild pullback from highs
The EUR/USD pair is flashing a bullish signal, currently trading around the 1.1500 area after posting a slight decline during Tuesday’s session following the European close.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
USDJPY rebounds from key support zone and eyes next resistance target
USDJPY rebounds from key support zone and eyes next resistance target
Buyers are trying to make a play. Can they keep the momentum going?