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EUR/CAD Price Forecast: Tests 1.5650 barrier near descending channel’s upper boundary
EUR/CAD Price Forecast: Tests 1.5650 barrier near descending channel’s upper boundary
EUR/CAD recovers its recent losses, trading around 1.5640 during the European hours on Wednesday. Technical analysis on the daily chart points to the potential weakening of a bearish bias, with the currency cross hovering near the upper boundary of the descending channel.
Technical Analysis
Crosses
EURCAD
EUR/GBP: Spending Review not a game-changer – ING
EUR/GBP: Spending Review not a game-changer – ING
Wednesday’s Spending Review shouldn't be a big moment for financial markets, ING's FX analyst Francesco Pesole notes.
Banks
Technical Analysis
EURGBP
GBP/USD: Any decline may be limited to a retest of the 1.3460 level – UOB Group
GBP/USD: Any decline may be limited to a retest of the 1.3460 level – UOB Group
Further Pound Sterling (GBP) weakness is not ruled out against US Dollar (USD); oversold conditions suggest any decline may be limited to a retest of the 1.3460 level.
GBPUSD
Technical Analysis
Banks
EUR: ECB reinforcing hawkish tone – ING
EUR: ECB reinforcing hawkish tone – ING
This week’s moves are almost entirely driven by US-related events. The only Euro input comes from scheduled ECB speeches, which so far have reinforced the less dovish tone set by President Christine Lagarde last week, ING's FX analyst Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
EUR/USD: Likely to trade in a range of 1.1385/1.1460 – UOB Group
EUR/USD: Likely to trade in a range of 1.1385/1.1460 – UOB Group
There has been no increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1385/1.1460. In the longer run, EUR appears to have entered a range trading phase between 1.1330 and 1.1495, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
USDJPY Technical Analysis – All eyes on the US CPI
USDJPY Technical Analysis – All eyes on the US CPI
The USDJPY pair continues to range amid conflicting fundamentals as traders await more information to pick a direction.
WTI Price Forecast: Oil remains bullish with downside attempts capped at $63.45
WTI Price Forecast: Oil remains bullish with downside attempts capped at $63.45
Oil prices are showing a moderate reversal on Wednesday, as the vague news about the US-China trade deal has been taken with more scepticism than enthusiasm.
Oil
WTI
Technical Analysis
Energy
Bullish
EUR/JPY Price Forecast: Retains bullish bias above 165.50
EUR/JPY Price Forecast: Retains bullish bias above 165.50
The EUR/JPY cross posts modest gains near 165.50 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment as positive developments from US-China trade talks undermine the JPY's safe-haven status.
EURJPY
Technical Analysis
Crosses
Bullish
USD/CHF Price Forecast: Consolidates below 0.8245-0.8250 horizontal barrier
USD/CHF Price Forecast: Consolidates below 0.8245-0.8250 horizontal barrier
The USD/CHF pair extends its consolidative price move through the Asian session on Wednesday and remains confined in a range held over the past two weeks or so amid mixed cues.
USDCHF
Technical Analysis
Majors
Currencies
AUD/JPY Price Forecast: Extends rally, eyes break above 95.00
AUD/JPY Price Forecast: Extends rally, eyes break above 95.00
The AUD/JPY advances for the fifth straight trading session, up by a modest 0.04% as Wednesday’s Asian session begins.
AUDJPY
Technical Analysis
Currencies
Crosses
USD/JPY Price Forecast: Breaks above 145.00 as trade hopes lift USD
USD/JPY Price Forecast: Breaks above 145.00 as trade hopes lift USD
The USD/JPY pair advances for the first time in the week, clearing Monday’s high of 144.95, as the US Dollar (USD) climbs on speculation that Washington and Beijing might reach a trade agreement in London. This has pushed the major above 145.00, posting gains of over 0.24%.
Technical Analysis
USDJPY
Currencies
GBPUSD at a crossroad: Breakout failure or next leg higher?
GBPUSD at a crossroad: Breakout failure or next leg higher?
Key battle unfolds between 1.3411 and 1.3514 as buyers lose grip near 50% retracemen
Silver Price Forecast: XAG/USD pulls back from $37.00 as US Dollar rebounds on US-Sino talks
Silver Price Forecast: XAG/USD pulls back from $37.00 as US Dollar rebounds on US-Sino talks
Silver price faces resistance near $37.00 and retreats by some 0.50% on Tuesday as the US dollar stages a comeback, with investors growing more confident of a US-China deal later in the day. At the time of writing, the XAG/USD trades at $36.52, below its opening price.
Technical Analysis
XAGUSD
Silver
Metals
EUR/USD stalls with traders awaiting US CPI and US-China headlines
EUR/USD stalls with traders awaiting US CPI and US-China headlines
EUR/USD remains stable during Tuesday’s North American session as investors await updates on US-China trade talks in London and the release of the latest inflation figures in the United States (US). At the time of writing, the pair is trading at 1.1423, virtually unchanged.
Majors
EURUSD
Macroeconomics
Technical Analysis
SEO
Gold holds as US-China thaw lifts mood, eyes on US CPI
Gold holds as US-China thaw lifts mood, eyes on US CPI
Gold price clings to modest gains on Tuesday after bouncing off a daily low near the $3,300 figure as talks between the United States (US) and China appear to be progressing well, improving risk appetite among investors who are driving US equities higher. The XAU/USD trades at $3,328, up 0.10%.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
NZDUSD: Buyers in control, BUT a warning sign lingers
NZDUSD: Buyers in control, BUT a warning sign lingers
Momentum holds—but can it break the ceiling?
EURUSD Bounce: Key MAs in play as bulls/buyers build their case
EURUSD Bounce: Key MAs in play as bulls/buyers build their case
EURUSD back above the 100-hour MA—can support hold?
AUDUSD approaches major resistance: Is a breakout coming?
AUDUSD approaches major resistance: Is a breakout coming?
The swing highs from 2025. The 61.8% retracement. Swing highs from November are all in play on the topside.
USDCAD slips back after failed break above 200-hour MA
USDCAD slips back after failed break above 200-hour MA
Momentum fades after third failed break above 200-hour MA. Testing the 100 hour MA on the downside now.
USDCHF stalls below key resistance. Support targets eyed on the downside
USDCHF stalls below key resistance. Support targets eyed on the downside
Ceiling at 0.8249 holds again. The falll has the USDCHF price testing a cluster of moving average and Fibonacci support near 0.82056 to 0.8214.
The USD is mixed vs 3 major currency pairs to kickstart US trading on June 10. What next?
The USD is mixed vs 3 major currency pairs to kickstart US trading on June 10. What next?
The USD is waiting on trade talks with US and China, and the US CPI tomorrow
EUR extending consolidation in low1.14s – Scotiabank
EUR extending consolidation in low1.14s – Scotiabank
The Euro (EUR) is also entering Tuesday’s NA session unchanged vs. the US Dollar (USD) with a modest recovery of mild late Asian/early European session weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Banks
Technical Analysis
CAD unchanged as FV is flattered by both spreads and oil – Scotiabank
CAD unchanged as FV is flattered by both spreads and oil – Scotiabank
The Canadian Dollar (CAD) is entering Tuesday’s NA session unchanged from Monday’s close, recovering from mild weakness observed in late Asian / early European trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
BOC
Canada
USD: FX markets in holding pattern awaiting fresh catalyst – Scotiabank
USD: FX markets in holding pattern awaiting fresh catalyst – Scotiabank
Currency markets are generally quiet as we move into Tuesday’s NA session. All of the G10 currencies are trading in a relatively tight range, with the exception of GBP as it underperforms on the back of a weaker domestic employment release.
DollarIndex
Banks
Technical Analysis
Fed
USD/JPY pulls back after briefly breaching 145.00 as BOJ reaffirms caution – Société Générale
USD/JPY pulls back after briefly breaching 145.00 as BOJ reaffirms caution – Société Générale
USD/JPY briefly breached the psychologically significant 145.00 level before pulling back, as dovish remarks from BOJ Governor Ueda reinforced market expectations for a slow and cautious policy normalization.
USDJPY
Banks
BOJ
Technical Analysis
USD/CNH: Likely to trade in a range of 7.1700/7.1900 – UOB Group
USD/CNH: Likely to trade in a range of 7.1700/7.1900 – UOB Group
US Dollar (USD) is likely to trade in a range of 7.1700/7.1900 against Chinese Yuan (CNH). 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, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to consolidate in a range of 144.00/145.00 – UOB Group
USD/JPY: Likely to consolidate in a range of 144.00/145.00 – UOB Group
US Dollar (USD) is likely to consolidate in a range of 144.00/145.00. In the longer run, increase in momentum is not sufficient to indicate a sustained advance just yet; USD must first break and hold above 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
EUR/NOK pulls back from multi-year highs – Société Générale
EUR/NOK pulls back from multi-year highs – Société Générale
EUR/NOK is retreating after failing to break above the key resistance zone of 12.05–12.12, marking last year's highs. The pair has established a short-term floor near 11.43 but lacks momentum for a strong rebound.
Banks
EURNOK
Norway
Technical Analysis
NZD/USD: Chance to test the 0.6070 level before levelling off – UOB Group
NZD/USD: Chance to test the 0.6070 level before levelling off – UOB Group
New Zealand Dollar (NZD) may test the 0.6070 level before levelling off against US Dollar (USD); the major resistance at 0.6095 is likely out of reach.
NZDUSD
Technical Analysis
Banks
AUD/USD: Potential for AUD to test 0.6535 – UOB Group
AUD/USD: Potential for AUD to test 0.6535 – UOB Group
There is potential for AUD to test 0.6535; mild momentum suggests a clear break above this level is unlikely. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
GBP/USD: There is a chance for GBP to retest 1.3615 – UOB Group
GBP/USD: There is a chance for GBP to retest 1.3615 – UOB Group
Pound Sterling (GBP) is expected to trade in a range of 1.3530/1.3585 against US Dollar (USD). In the longer run, there is a chance for GBP to retest 1.3615 before the risk of a more sustained and sizeable pullback increases, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
GBP/USD: Lots of data points this week to consider – OCBC
GBP/USD: Lots of data points this week to consider – OCBC
Pound Sterling (GBP) continued to hover near recent highs amid broad US Dollar (USD) softness while Euro (EUR)’s rally had spillover effects. Pair was last at 1.3489, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
GBPUSD
Technical Analysis
EUR/CAD Price Forecast: Maintains position near 1.5650, support appears at nine-day EMA
EUR/CAD Price Forecast: Maintains position near 1.5650, support appears at nine-day EMA
EUR/CAD holds losses after experiencing consolidation, trading near 1.5640 during European hours on Tuesday. Technical analysis on the daily chart points to the weakening of a bearish bias, with the currency cross attempting to break above the upper boundary of the descending channel.
Technical Analysis
Crosses
EURCAD
DXY: Short covering underway – OCBC
DXY: Short covering underway – OCBC
US Dollar (USD) consolidates with mild upticks this morning. DXY was last at 99.15 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
EUR/USD: Likely to trade in a range of 1.1390/1.1445 – UOB Group
EUR/USD: Likely to trade in a range of 1.1390/1.1445 – UOB Group
Price movements did not result in any increase in either downward or upward momentum; Euro (EUR) is likely to trade in a range of 1.1390/1.1445 against US Dollar (USD).
Technical Analysis
EURUSD
Banks
EUR/USD: Mild downside risks – OCBC
EUR/USD: Mild downside risks – OCBC
Euro (EUR) eased below 1.14-handle in morning trade as US Dollar (USD) saw a mild rebound. Last seen at 1.1399 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
AUD/JPY Price Forecast: Tests psychological 94.00 support near nine-day EMA
AUD/JPY Price Forecast: Tests psychological 94.00 support near nine-day EMA
AUD/JPY edges lower after registering gains in the previous three consecutive sessions, trading around 94.10 during 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: Bull trade needs feeding – ING
EUR: Bull trade needs feeding – ING
Traded EUR/USD volatility levels are a little softer as spot continues to sit well within range confines, ING's FX analyst Chris Turner notes.
EURUSD
Technical Analysis
Banks
Gold Technical Analysis – US-China trade talks and US CPI in focus
Gold Technical Analysis – US-China trade talks and US CPI in focus
Gold remains stuck in a range as the market awaits a catalyst to pick a direction