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CAD: CPI today ahead of tomorrow's BoC – ING
CAD: CPI today ahead of tomorrow's BoC – ING
The CPI print in Canada this afternoon can swing expectations for tomorrow’s Bank of Canada meeting, ING's FX analyst Francesco Pesole notes.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD/CAD Price Forecast: Support appears at 1.3850 with potential corrective rebounds
USD/CAD Price Forecast: Support appears at 1.3850 with potential corrective rebounds
The USD/CAD pair extends its decline for the fifth consecutive session, hovering around 1.3860 during European trading on Tuesday. Daily chart technical analysis highlights a dominant bearish trend, with the pair trending lower within a descending channel formation.
Technical Analysis
USDCAD
Majors
GBP/USD turns positive towards 1.3290 – UOB Group
GBP/USD turns positive towards 1.3290 – UOB Group
Outlook for Pound Sterling (GBP) has shifted to positive vs US Dollar (USD); the technical level to watch is 1.3290, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD
DXY: Tentative stabilisation? – OCBC
DXY: Tentative stabilisation? – OCBC
US Dollar ) sell-off seen over the past few sessions showed tentative signs of stabilisation. DXY was last at 99.66 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
Banks
DollarIndex
EUR/USD: Likely to trade in a range between 1.1280 and 1.1400  – UOB Group
EUR/USD: Likely to trade in a range between 1.1280 and 1.1400 – UOB Group
Euro (EUR) is likely to trade in a range between 1.1280 and 1.1400 vs US Dollar (USD). In the longer run, further EUR strength is not ruled out, but it may first range-trade for a couple of days, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
USD: Still downside risks – ING
USD: Still downside risks – ING
US equities and bonds had a good Monday, but considering the width of Trump’s announced exemptions from China’s tariffs, the move is well short of exceptional. Markets retain a substantial risk premium attached to US assets, including the dollar.
Technical Analysis
Fed
Banks
DollarIndex
EUR/USD: To consolidate on the day – OCBC
EUR/USD: To consolidate on the day – OCBC
Euro (EUR) bulls paused overnight, ahead of ZEW survey, industrial production data today, current account (Wednesday) and ECB meeting (Thursday). Pair was last at 1.1357 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
Banks
EUR: ZEW may overestimate sentiment drop – ING
EUR: ZEW may overestimate sentiment drop – ING
The German ZEW surveys published today are the first activity indicators to be released in the eurozone since 'liberation day'. Remember that respondents are financial market experts, not business managers like the Ifo.
Technical Analysis
EURUSD
Banks
Gold Technical Analysis – The most crowded trade
Gold Technical Analysis – The most crowded trade
The risk for a bigger pullback increases as the positioning gets overcrowded. What’s next?
Gold
Silver Price Forecast: XAG/USD remains below $32.50, support appears at 50-day EMA
Silver Price Forecast: XAG/USD remains below $32.50, support appears at 50-day EMA
Silver price (XAG/USD) continues to show strength for the fifth consecutive session, trading around $32.30 per troy ounce during the Asian session on Tuesday.
Technical Analysis
Silver
Metals
Commodities
XAGUSD
FX option expiries for 15 April 10am New York cut
FX option expiries for 15 April 10am New York cut
A look at what is on the board for today
AUD/NZD Price Analysis: Pair remains under pressure below key moving averages
AUD/NZD Price Analysis: Pair remains under pressure below key moving averages
The AUD/NZD pair continues to reflect bearish dynamics on Monday’s session , with price action hovering near the 1.0800 region. Despite a modest rebound, the broader technical structure remains tilted to the downside.
Crosses
Technical Analysis
Currencies
AUDNZD
NZD/USD Price Analysis: Bulls gain traction ahead of key resistance zone
NZD/USD Price Analysis: Bulls gain traction ahead of key resistance zone
The NZD/USD pair extended its upside during Monday’s session ahead of the Asian open, climbing near the 0.5900 zone and logging a daily gain of nearly 1%.
Technical Analysis
Currencies
Majors
NZDUSD
AUD/JPY Price Analysis: Mild rebound continues despite broader bearish technical backdrop
AUD/JPY Price Analysis: Mild rebound continues despite broader bearish technical backdrop
The AUD/JPY pair edged higher during Monday’s session ahead of the Asian open, extending a modest rebound that left it trading around the 90.50 area.
Crosses
Technical Analysis
Currencies
AUDJPY
GBPUSD stretches toward highs and the highs for the year
GBPUSD stretches toward highs and the highs for the year
GBPUSD is stretching toward the 1.3200 level
EURUSD remains confined but above key support
EURUSD remains confined but above key support
Close support in the EURUSD remains at 1.12738 and 1.12495
Tokyo and Washington prepare for crucial trade talks – Rabobank
Tokyo and Washington prepare for crucial trade talks – Rabobank
The world will be watching the Japan/US trade talks that are due to start in Washington on Thursday. Japan is the first major country to have talks with the Trump administration since the Rose Garden tariff address on April 2, Rabobank's FX analyst Jane Foley notes.
Technical Analysis
TradeWar
Japan
USDJPY
Banks
EUR/USD Price Analysis: Bulls remain in control near 1.1400 despite mixed signals
EUR/USD Price Analysis: Bulls remain in control near 1.1400 despite mixed signals
The EUR/USD pair showed mild downside on Monday’s session after the European close, though it continued to hover around the 1.1400 region.
Technical Analysis
Currencies
EURUSD
Majors
Copper snaps back higher after sharp fall last week stalled at a swing area
Copper snaps back higher after sharp fall last week stalled at a swing area
The support between $3.92 to $4.02 stalled the fall
copper
AUDUSD at risk of “doing it again” — another failure at the 100-day MA?
AUDUSD at risk of “doing it again” — another failure at the 100-day MA?
Repeated failures at key resistance could keep bearish pressure intact. Key level at the 100 day MA for the AUDUSD.
AUD
USD
The USDCAD fell below 200 day MA on Friday. First break below since October 2024
The USDCAD fell below 200 day MA on Friday. First break below since October 2024
There are other topside targets that are between the price and the key 200 day MA.
GBP up 0.6% and outperforming – Scotiabank
GBP up 0.6% and outperforming – Scotiabank
Pound Sterling (GBP) is up 0.6% vs. the US Dollar (USD) and outperforming most of the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
EUR starts week with modest gain – Scotiabank
EUR starts week with modest gain – Scotiabank
Euro (EUR) is up 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies with the exception of the Canadian Dollar (CAD) and the Swiss franc (CHF), Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD: BoC decision looms – Scotiabank
CAD: BoC decision looms – Scotiabank
The Canadian Dollar (CAD) is modestly lower on the day but has made a little more progress overnight to reach its highest level against the US Dollar (USD) since early November.
Technical Analysis
Canada
BOC
USDCAD
Banks
The USDCHF broke to new lows going back to 2011 and turned a floor into a ceiling
The USDCHF broke to new lows going back to 2011 and turned a floor into a ceiling
What next for the USDCHF pair technically to start the new trading week
CHF
USD
USD remains weak, stocks rebound – Scotiabank
USD remains weak, stocks rebound – Scotiabank
A late Friday reprieve for consumer electronic imports from the 145% tariff on Chinese goods and the 10% flat rate tariff marks another concession to the global markets, allowing for solid gains in Asian and European equities, along with firmer US equity futures.
Technical Analysis
Equities
Banks
DollarIndex
Gold price declines toward $3,200 as markets assess trade war headlines
Gold price declines toward $3,200 as markets assess trade war headlines
Gold price started the week with a small bearish gap but managed to regain its traction during the Asian trading hours. After touching a new record-high of $3,245, XAU/USD entered a consolidation phase and declined toward $3,200.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
Commodities
The USD is lower vs the major currencies to start the new trading week
The USD is lower vs the major currencies to start the new trading week
What are the technicals saying for the EURUSD, USDJPY and GBPUSD to start the new week
USD/CNH: Likely to trade between 7.2430 and 7.3700 for now – UOB Group
USD/CNH: Likely to trade between 7.2430 and 7.3700 for now – UOB Group
Chance for US Dollar (USD) to dip below 7.2700; the major support at 7.2430 seems to be out of reach.
Technical Analysis
USDCNH
Banks
USD/JPY: Likely to trade in a 142.30/144.30 range – UOB Group
USD/JPY: Likely to trade in a 142.30/144.30 range – UOB Group
US Dollar (USD) is likely to trade in a 142.30/144.30 range vs Japanese Yen (JPY). In the longer run, USD could continue to decline, but given the deeply oversold conditions, it remains to be seen if 139.55 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
Does the weakness of the USD make it easier for other central banks? – Commerzbank
Does the weakness of the USD make it easier for other central banks? – Commerzbank
In addition to the flight to safe havens, the prospect of a further normalisation of monetary policy by the Bank of Japan is also likely to have supported the yen recently. According to statements made by BoJ Chairman Kazuo Ueda this morning, however, the central bank is leaving all options open.
DollarIndex
Banks
Technical Analysis
CentralBanks
NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group
NZD/USD: The next major resistance at 0.5905 is likely out of reach for now – UOB Group
The next major resistance for NZD/USD at 0.5905 is likely out of reach for now. In the longer run, NZD is expected to strengthen; the level to watch is 0.5905, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
EUR/CHF: Tests Key Support at 0.9210 – Société Générale
EUR/CHF: Tests Key Support at 0.9210 – Société Générale
EUR/CHF is testing a critical support level at 0.9210 after losing the 200-DMA earlier this month. A sustained break lower could open the door to deeper declines towards 0.9155 and 0.9050/0.9025, while resistance looms near the 200-DMA at 0.9410/0.9430, Société Générale's FX analysts note.
Technical Analysis
EURCHF
Banks
CHF: How fast is too fast for the SNB? – Commerzbank
CHF: How fast is too fast for the SNB? – Commerzbank
The Swiss franc benefited significantly from its safe-haven status after the announcement of the reciprocal US tariffs. However, the rapid appreciation is likely to be a thorn in the side of the SNB.
Technical Analysis
EURCHF
USDCHF
SNB
Banks
Gold rebounds sharply after early April dip – Société Générale
Gold rebounds sharply after early April dip – Société Générale
Gold staged a strong V-shaped recovery after an early April pullback, holding key support near $3135. Despite overbought signals, momentum remains intact, with eyes now on the next upside targets at $3290 and $3345/3370, Société Générale's FX analysts note.
Technical Analysis
XAUUSD
Metals
Gold
Banks
AUD/USD: Chance to test the key resistance at 0.6390 – UOB Group
AUD/USD: Chance to test the key resistance at 0.6390 – UOB Group
Further AUD strength is not ruled out, but any advance is likely part of a higher range of 0.6230/0.6330. In the longer run, AUD is likely to trade with an upward bias, potentially testing the key resistance at 0.6390, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD: Hard to sustain those levels of volatility – ING
USD: Hard to sustain those levels of volatility – ING
Last week’s FX volatility reached crisis-like levels, sparking fears of deeper market stress. A breakdown in traditional correlations and talk of coordinated dollar devaluation suggest global investors are bracing for structural shifts in US policy, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURUSD
Fed
Banks
DollarIndex
GBP/USD: Outlook for GBP has shifted to positive – UOB Group
GBP/USD: Outlook for GBP has shifted to positive – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), probably between 1.3000 and 1.3145. In the longer run, outlook for GBP has shifted to positive; the two technical levels to watch are 1.3210 and 1.3290, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
GBP: Macro back in focus this week – ING
GBP: Macro back in focus this week – ING
Sterling rallied against the dollar but sold off against the euro last week, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURGBP
Banks
GBPUSD