Current news is English only but we will be adding multilingual news - check back soon.
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
USD/CAD Price Forecast: Tests initial support at 1.3800 near six-month lows
The USD/CAD pair retraces its losses registered in the previous session, trading around 1.3810 during the European hours on Thursday.
Technical Analysis
USDCAD
Majors
Gold Technical Analysis – The stagflationary risk continues to be priced out
Gold Technical Analysis – The stagflationary risk continues to be priced out
Gold continues to edge lower as the market unwinds some of the overstretched positions built on stagflationary expectations. What’s next?
EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
EUR/USD Price Forecast: Bullish outlook remains in play near 1.1300
The EUR/USD pair weakens to around 1.1295 during the early European session on Thursday, pressured by the renewed US Dollar (USD) demand. The optimism over the potential de-escalation of the US-China trade war provides some support to the Greenback and creates a headwind for the major pair.
EURUSD
Majors
Technical Analysis
Bullish
USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
USD/CHF Price Forecast: Maintains position near 0.8250 near nine-day EMA support
The USD/CHF pair holds ground for the third successive session, trading around 0.8270 during the Asian hours on Thursday. The daily chart suggests a neutral market bias, with the pair consolidating within a recently established rectangular pattern.
USDCHF
Technical Analysis
Majors
Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver Price Forecast: XAG/USD drops to multi-week low, bears have the upper hand near $32.00
Silver (XAG/USD) drifts lower for the third straight day – also marking the fourth day of a negative move in the previous five – and drops to over a two-week low during the Asian session on Thursday.
Technical Analysis
Silver
Commodities
XAGUSD
AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens
AUD/NZD Price Analysis: Aussie pressured near mid-1.0800s as long-term trend weakens
The AUD/NZD pair is trading with a slight downside bias on Wednesday as it hovers near the mid-1.0800s, showing mild losses for the day ahead of the Asian session.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
USD/JPY edges lower as recession fears rise and Japan data underwhelms
USD/JPY edges lower as recession fears rise and Japan data underwhelms
The USD/JPY is trading with modest losses, hovering near the mid-143.00s after disappointing US growth data and lackluster Japanese economic reports fueled diverging sentiment around both currencies.
Technical Analysis
Currencies
Majors
USDJPY
Fundamental Analysis
EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge
EUR/JPY Price Analysis: Euro steadies near 162.00 as technical signals diverge
The EUR/JPY pair moved modestly lower on Wednesday, holding near the 162.00 area as it heads into the Asian session. Price action remained contained within a tight daily range, reflecting indecision among traders.
Crosses
Technical Analysis
Currencies
EURJPY
Gold price slips below $3,300 amid weak US data, set for over 5% monthly gains
Gold price slips below $3,300 amid weak US data, set for over 5% monthly gains
Gold fell some 0.69% during the North American session on Wednesday after hitting a daily high of $3,328. Data from the United States (US) revealed an economic contraction and fueled speculation for further interest rate cuts by the Federal Reserve (Fed).
Technical Analysis
XAUUSD
SEO
Gold
Fundamental Analysis
NASDAQ rebounds after early plunge; eyes key resistance at 50% midpoint
NASDAQ rebounds after early plunge; eyes key resistance at 50% midpoint
The low today stalled ahead of the 200 hour MA and the 50 hour MA
USD/CHF down as soft US data and China slowdown hit sentiment
USD/CHF down as soft US data and China slowdown hit sentiment
The USD/CHF is trading with losses, staying close to its recent lows after a wave of soft US data and deteriorating macro signals from China triggered broad risk-off flows in the market.
Technical Analysis
Currencies
Majors
USDCHF
EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
EUR/GBP Price Analysis: Sterling slips as Euro regains traction post-Europe session
The EUR/GBP pair is trading with mild gains on Wednesday, hovering around the mid-0.8500 zone following the European session. The pair rebounded within the day’s range, showing modest upward pressure.
Crosses
Technical Analysis
Currencies
EURGBP
GBP/USD drops as US economy shrinks, inflation holds firm
GBP/USD drops as US economy shrinks, inflation holds firm
The Pound Sterling (GBP) tumbled against the US Dollar (USD) as the economy in the United States (US) contracted, as revealed by Gross Domestic Product (GDP) figures for Q1 2025. At the time of writing, GBP/USD trades at 1.3331, down 0.51%
Technical Analysis
Currencies
Majors
GBPUSD
Fundamental Analysis
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
EUR/USD Price Analysis: Bulls remain favored despite intraday setback
After the European session on Wednesday, EUR/USD was seen moving lower toward the 1.1350 area, retreating modestly from earlier highs. Despite this intraday softness, the pair maintains a bullish outlook, largely supported by the positioning of its moving averages.
Technical Analysis
Currencies
EURUSD
Majors
AUDUSD stalls at resistance and breaks lower — bearish bias below key MAs
AUDUSD stalls at resistance and breaks lower — bearish bias below key MAs
The MAs and swing level between 0.63901 and 0.6398 is now resistance
GBPUSD retreats after false break of 2024 high — sellers regain short-term control
GBPUSD retreats after false break of 2024 high — sellers regain short-term control
The 200 hour moving averages at 1.33405. The 100 hour moving averages at 1.33547. Stay below is more bearish
USDCAD tests key moving averages: Break higher or rejection next?
USDCAD tests key moving averages: Break higher or rejection next?
USDCAD is testing key moving averages with potential for a bullish breakout towards resistance levels, while failure could lead to downside pressure. Momentum above or below moving averages will determine next move.
USDCHF stuck between key moving averages: Will momentum break the deadlock?
USDCHF stuck between key moving averages: Will momentum break the deadlock?
USDCHF tests key moving averages with buyers and sellers in a stalemate. A decisive move above 0.82626 could signal bullish momentum, while a break below 0.8217 may lead to further downside.
Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
Kickstart the US trading day with a technical look at the EURUSD, USDJPY and GBPUSD
What levels are in play for the 3 major currency pairs at the start of the US trading session for April 30, 2024
JPY is underperforming on data disappointment – Scotiabank
JPY is underperforming on data disappointment – Scotiabank
Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all the G10 currencies on the back of weaker than expected industrial production and retail sales data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks
GBP soft in quiet trade, consolidating recent rally – Scotiabank
GBP soft in quiet trade, consolidating recent rally – Scotiabank
Pound Sterling (GBP) is soft, down 0.3% against the US Dollar (USD) and underperforming most G10 currencies in quiet, mixed trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
CAD holds trading range – Scotiabank
CAD holds trading range – Scotiabank
April has been good for the Canadian Dollar (CAD) (it’s strongest month against the US Dollar (USD) since 2019) but spot continues to range trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD consolidates ahead of GDP – Scotiabank
USD consolidates ahead of GDP – Scotiabank
The US Dollar (USD) continues to consolidate and is trading mixed versus its major currency peers on the session.
Technical Analysis
Fed
Banks
DollarIndex
EUR marginally weaker – Scotiabank
EUR marginally weaker – Scotiabank
Euro (EUR) is down a marginal 0.2% against the US Dollar (USD), trading quietly and consolidating within a narrow band at the lower end of its three-week range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
BoJ is going to sit this one out – Commerzbank
BoJ is going to sit this one out – Commerzbank
While we enjoy the bank holiday tomorrow morning, the Bank of Japan will be holding its May monetary policy meeting. Having raised its key interest rate from 0.25% to 0.5% in January, the Bank of Japan then decided to pause in March.
Technical Analysis
BOJ
CentralBanks
Japan
Banks
US: The tariff house of cards is collapsing – Commerzbank
US: The tariff house of cards is collapsing – Commerzbank
To the impartial observer, it should be quite obvious that the US government's trade policy strategy is currently failing spectacularly. Chinese President Xi Jingping is refusing to call to make a 'deal'.
Technical Analysis
China
UnitedStates
Banks
DollarIndex
USD: The worse the data, the better? – Commerzbank
USD: The worse the data, the better? – Commerzbank
Yesterday saw the next round of poor sentiment indicators from the US. According to the Conference Board, US consumer confidence fell to its lowest level since the start of the coronavirus pandemic.
DollarIndex
Banks
Technical Analysis
Fed
US Elections
USD: Equities providing shield against bad data – ING
USD: Equities providing shield against bad data – ING
The US Dollar (USD) continues to be pulled by opposing forces: US President Donald Trump’s scaling back of some protectionism measures versus data evidence of a US slowdown. Ultimately, the tiebreak for FX impact seems to be equities performance.
Technical Analysis
Fed
Banks
DollarIndex
NZD/USD Price Forecast: Falls toward 0.5900 support after breaking below nine-day EMA
NZD/USD Price Forecast: Falls toward 0.5900 support after breaking below nine-day EMA
The NZD/USD pair extends losses for the second successive session, trading around 0.5920 during early European hours on Wednesday.
Technical Analysis
Majors
NZDUSD
Gold Futures Analysis for Today with tradeCompass
Gold Futures Analysis for Today with tradeCompass
Key levels and insights for Gold Futures today, with tradeCompass offering a bearish bias and bullish trade plans, at your own risk only.
Gold
TradeCompass
Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver Price Forecast: XAG/USD slides below $33.00; 200-period EMA on H4 holds the key for bulls
Silver (XAG/USD) struggles to capitalize on a modest Asian session uptick and slides back below the $33.00 mark, hitting a fresh daily low in the last hour.
Technical Analysis
Silver
Commodities
XAGUSD
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
USD/JPY edges higher as softer US data weighs on yields despite trade uncertainty
The USD/JPY pair is trading around the 142.00 handle during the North American session on Tuesday. The pair saw some upward movement as the US Dollar (USD) steadied following the release of softer-than-expected US JOLTS Job Openings data and a sharp drop in Consumer Confidence.
Technical Analysis
Currencies
Majors
USDJPY
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
EUR/JPY Price Analysis: Bullish Momentum Holds Despite Minor Dip Before Asia
In the lead-up to Tuesday's Asian trading session, EUR/JPY has seen a minor decline, trading near the 162.00 mark. Despite a sell signal from one momentum indicator, the broader technical landscape suggests underlying bullish strength, supported by several key moving averages.
Crosses
Technical Analysis
Currencies
EURJPY
Bullish
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
AUD/NZD Price Analysis: Bearish signals emerge ahead of Asia open
The AUD/NZD has experienced some downward pressure, hovering near the 1.07 zone on Tuesday. Despite mixed signals from some momentum indicators, the longer-term technical picture appears to favor the bears, with several moving averages reinforcing this sentiment.
Crosses
Technical Analysis
Australia
Currencies
AUDNZD
Gold price slips as USD recovers and risk appetite improves
Gold price slips as USD recovers and risk appetite improves
Gold price retreats during the North American session on Tuesday as the Greenback stages a recovery, posting modest gains amid softer US economic data and reduced safe-haven demand. At the time of writing, XAU/USD trades at $3,323, down 0.60%.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO