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Canadian Dollar extends losses as Fed officials remain concerned on inflation
Canadian Dollar extends losses as Fed officials remain concerned on inflation
Oleh Fxstreet
Canadian Dollar extends losses as Fed officials remain concerned on inflation
The Canadian Dollar (CAD) retreats against the US Dollar on Wednesday, with the USD/CAD pair remaining afloat above the 1.4200 handle amid renewed fears about US President Donald Trump's tariff threats.
USDCAD
BOC
Fundamental Analysis
Technical Analysis
SEO
Mexican Peso ends day with losses ahead of Banxico’s minutes
Mexican Peso ends day with losses ahead of Banxico’s minutes
Oleh Fxstreet
Mexican Peso ends day with losses ahead of Banxico’s minutes
The Mexican Peso lost ground and slumped to a two-day low against the Greenback on Wednesday as US President Donald Trump targeted tariffs on cars, pharmaceuticals and computer chips.
USDMXN
Banxico
Fundamental Analysis
Technical Analysis
SEO
EURUSD sellers push the pair to the support target at 1.0405 level. Key target for traders
EURUSD sellers push the pair to the support target at 1.0405 level. Key target for traders
Oleh Forex Live
EURUSD sellers push the pair to the support target at 1.0405 level. Key target for traders
The 1.0405 level in the EURUSD is the 200-hour MA and the 50% midpoint of the EURUSD range since the 2022 low
EUR
USD
AUDUSD buyers remain in control after failing to move lower after RBA cut yesterday
AUDUSD buyers remain in control after failing to move lower after RBA cut yesterday
Oleh Forex Live
AUDUSD buyers remain in control after failing to move lower after RBA cut yesterday
What would hurt the buyer's momentum? Or keep the buyers happy? I will talk about it in the video.
AUD
USD
EUR/USD Price Analysis: Pair extends losing streak but holds above key support
EUR/USD Price Analysis: Pair extends losing streak but holds above key support
Oleh Fxstreet
EUR/USD Price Analysis: Pair extends losing streak but holds above key support
The EUR/USD pair continued to pull back on Wednesday, shedding another 0.17% to trade around 1.0430.
EURUSD
Majors
Currencies
Technical Analysis
The RBNZ cut rates by 50 bps and the NZDUSD moved lower into MA support and bounced.
The RBNZ cut rates by 50 bps and the NZDUSD moved lower into MA support and bounced.
Oleh Forex Live
The RBNZ cut rates by 50 bps and the NZDUSD moved lower into MA support and bounced.
What next for the NZDUSD after the bounce higher in trading today? I will outline the key technical levels in play for the pair TODAY.
NZD
USD
GBP/USD drops below 1.2600 as US Dollar gains on risk aversion
GBP/USD drops below 1.2600 as US Dollar gains on risk aversion
Oleh Fxstreet
GBP/USD drops below 1.2600 as US Dollar gains on risk aversion
The Pound Sterling retreated below 1.2600 during the North American session as housing data in the United States was mixed, while inflation in the United Kingdom hit its highest level since March 2024.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
Nasdaq Technical Analysis & How to Trade Nasdaq Futures Today by TradeCompass
Nasdaq Technical Analysis & How to Trade Nasdaq Futures Today by TradeCompass
Oleh Forex Live
Nasdaq Technical Analysis & How to Trade Nasdaq Futures Today by TradeCompass
Bullish above 22,195. Bearish below 22,173. See the partial profit targets. Trade Nasdaq at your risk only.
TradeCompass
Nasdaq
Nasdaq Technical Analysis
USDCHF continues the bounce off last week's lows
USDCHF continues the bounce off last week's lows
Oleh Forex Live
USDCHF continues the bounce off last week's lows
The USDCHF price is back above the 100 hour MA at 0.9021 but just barely. Key barometer for traders in the short-term for the USDCHF traders.
CHF
USD
USDCAD buyers trying to make a play to the upside in the short term.Watch the 100 hour MA.
USDCAD buyers trying to make a play to the upside in the short term.Watch the 100 hour MA.
Oleh Forex Live
USDCAD buyers trying to make a play to the upside in the short term.Watch the 100 hour MA.
Traders took the price of the USDCAD above the 100 hour MA after holding below it yesterday. That tilt is a modest positive for traders looking for a bottom. Stay above will be a key barometer for traders today.
CAD
USD
The USD is mixed. What technical clues are in play for the EURUSD, USDJPY and GBPUSD
The USD is mixed. What technical clues are in play for the EURUSD, USDJPY and GBPUSD
Oleh Forex Live
The USD is mixed. What technical clues are in play for the EURUSD, USDJPY and GBPUSD
The USD is higher vs the EUR and GBP but lower vs the JPY
GBP gains, then slips on above expectations CPI – Scotiabank
GBP gains, then slips on above expectations CPI – Scotiabank
Oleh Fxstreet
GBP gains, then slips on above expectations CPI – Scotiabank
The Pound Sterling (GBP) is still struggling to make and hold ground through the low 1.26 area following the UK inflation data earlier, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR underperforms on auto, pharma tariff risks – Scotiabank
EUR underperforms on auto, pharma tariff risks – Scotiabank
Oleh Fxstreet
EUR underperforms on auto, pharma tariff risks – Scotiabank
The Euro (EUR) softened through Asian and European trade following Trump’s auto tariff comments, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD chops around the 1.42 zone – Scotiabank
CAD chops around the 1.42 zone – Scotiabank
Oleh Fxstreet
CAD chops around the 1.42 zone – Scotiabank
The Canadian Dollar (CAD) is little changed on the session as spot continues to pivot around 1.42, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Technical Analysis
Banks
USD firmer on renewed tariff threats – Scotiabank
USD firmer on renewed tariff threats – Scotiabank
Oleh Fxstreet
USD firmer on renewed tariff threats – Scotiabank
The US Dollar (USD) continues to grind higher in relatively quiet trade.
DollarIndex
Technical Analysis
Banks
RBNZ: 50bps cut, more to come – Standard Chartered
RBNZ: 50bps cut, more to come – Standard Chartered
Oleh Fxstreet
RBNZ: 50bps cut, more to come – Standard Chartered
RBNZ cuts OCR to 3.75%, signalling more front-loaded easing.
RBNZ
NZDUSD
InterestRate
Technical Analysis
Banks
New Zealand: RBNZ reduces OCR by 50bps – UOB Group
New Zealand: RBNZ reduces OCR by 50bps – UOB Group
Oleh Fxstreet
New Zealand: RBNZ reduces OCR by 50bps – UOB Group
The Reserve Bank of New Zealand (RBNZ), at its first monetary policy of the year, decided to lower the Official Cash Rate (OCR) by 50bps to 3.75%.
RBNZ
NZDUSD
Technical Analysis
InterestRate
Banks
USD/CNH: Momentum has slowed somewhat – UOB Group
USD/CNH: Momentum has slowed somewhat – UOB Group
Oleh Fxstreet
USD/CNH: Momentum has slowed somewhat – UOB Group
US Dollar (USD) is expected to trade between 7.2620 and 7.2850 vs Chinese Yuan (CNH).
USDCNY
USDCNH
Technical Analysis
Banks
USD/JPY: Likely to consolidate for the time being – OCBC
USD/JPY: Likely to consolidate for the time being – OCBC
Oleh Fxstreet
USD/JPY: Likely to consolidate for the time being – OCBC
USD/JPY traded on a softer footing this morning on comments from BoJ’s board member Takata – it is important for BoJ to continue to consider policy adjustments even after last month’s rate hike in order to avoid excessively high expectations that monetary easing might persist.
USDJPY
Technical Analysis
Banks
Nasdaq Technical Analysis – The path of least resistance remains to the upside
Nasdaq Technical Analysis – The path of least resistance remains to the upside
Oleh Forex Live
Nasdaq Technical Analysis – The path of least resistance remains to the upside
The Nasdaq broke above a key resistance recently as we approach the all-time highs. What’s next?
Nasdaq Technical Analysis
USD: Still room to recover – ING
USD: Still room to recover – ING
Oleh Fxstreet
USD: Still room to recover – ING
The dollar continued its rebound yesterday, although early trading today is favouring some momentum in the yen and Antipodeans.
DollarIndex
Technical Analysis
Banks
USD/JPY: Tentative buildup in downward momentum – UOB Group
USD/JPY: Tentative buildup in downward momentum – UOB Group
Oleh Fxstreet
USD/JPY: Tentative buildup in downward momentum – UOB Group
Price movements are likely part of a 151.40/152.50 range trading phase.
USDJPY
Technical Analysis
Banks
AUD/USD: 2-way trades likely – OCBC
AUD/USD: 2-way trades likely – OCBC
Oleh Fxstreet
AUD/USD: 2-way trades likely – OCBC
Australian Dollar (AUD) continued to trade near recent highs post-RBA cut yesterday.
AUDUSD
Technical Analysis
Banks
S&P 500 Technical Analysis – The market is flirting with a new all-time high
S&P 500 Technical Analysis – The market is flirting with a new all-time high
Oleh Forex Live
S&P 500 Technical Analysis – The market is flirting with a new all-time high
The S&P 500 is trading around the all-time highs as the risks around inflation and trade wars continue to fade. What’s next?
S&P Futures Technical Analysis
NZD/USD: Likely to trade sideways between 0.5690 and 0.5730 – UOB Group
NZD/USD: Likely to trade sideways between 0.5690 and 0.5730 – UOB Group
Oleh Fxstreet
NZD/USD: Likely to trade sideways between 0.5690 and 0.5730 – UOB Group
New Zealand Dollar (NZD) is likely to trade sideways between 0.5690 and 0.5730.
NZDUSD
Technical Analysis
Banks
NZD/USD: Pace of rate cut to slow going forward – OCBC
NZD/USD: Pace of rate cut to slow going forward – OCBC
Oleh Fxstreet
NZD/USD: Pace of rate cut to slow going forward – OCBC
Reserve Bank of New Zealand (RBNZ) cut rate by 50bp to bring OCR to 3.75%.
NZDUSD
Technical Analysis
Banks
AUD/USD: Long-term momentum remains strong – UOB Group
AUD/USD: Long-term momentum remains strong – UOB Group
Oleh Fxstreet
AUD/USD: Long-term momentum remains strong – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6330 and 0.6365.
AUDUSD
Technical Analysis
Banks
DXY: Subdued trading on the day – OCBC
DXY: Subdued trading on the day – OCBC
Oleh Fxstreet
DXY: Subdued trading on the day – OCBC
US Dollar (USD) was a touch firmer amid hawkish Fedspeaks,, OCBC's FX analyst Christopher Wong notes.
DollarIndex
Technical Analysis
Banks
NZD: Rallying on unchanged rate projections – ING
NZD: Rallying on unchanged rate projections – ING
Oleh Fxstreet
NZD: Rallying on unchanged rate projections – ING
The Reserve Bank of New Zealand (RBNZ) cut rates by 50bp to 3.75%, in line with our call and the broader market consensus.
NZDUSD
Technical Analysis
Banks
AUD/USD Price Forecast: Sits near two-month high, above mid-0.6300s ahead of FOMC minutes
AUD/USD Price Forecast: Sits near two-month high, above mid-0.6300s ahead of FOMC minutes
Oleh Fxstreet
AUD/USD Price Forecast: Sits near two-month high, above mid-0.6300s ahead of FOMC minutes
The AUD/USD pair regains positive traction following the previous day's modest downtick and sticks to its positive bias through the first half of the European session amid a modest US Dollar (USD) downtick.
AUDUSD
RBA
Fed
Technical Analysis
Currencies
GBP/USD: Unlikely to break clearly above 1.2655 – UOB Group
GBP/USD: Unlikely to break clearly above 1.2655 – UOB Group
Oleh Fxstreet
GBP/USD: Unlikely to break clearly above 1.2655 – UOB Group
Chance for Pound Sterling (GBP) to edge higher vs US Dollar (USD), but it is unlikely to break clearly above 1.2655.
GBPUSD
Technical Analysis
Banks
GBP: Inflation rebound not concerning – ING
GBP: Inflation rebound not concerning – ING
Oleh Fxstreet
GBP: Inflation rebound not concerning – ING
The release of January’s UK inflation data this morning has had little impact on the pound.
EURGBP
GBPUSD
Technical Analysis
UnitedKingdom
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
Oleh Forex Live
NZDUSD Technical Analysis – RBNZ’s Orr revises the neutral rate higher
The NZDUSD pair whipsaws on the RBZN’s 50 bps cut and less dovish Governor Orr’s comments. What’s next?
NZD
USD
EUR: Weakening across the board – ING
EUR: Weakening across the board – ING
Oleh Fxstreet
EUR: Weakening across the board – ING
The rise in the German ZEW index yesterday was likely due to improved investors' sentiment ahead of expectations for a market-friendly change in government, but does not seem to mirror any real change in sentiment on growth, ING’s FX analysts Francesco Pesole notes.
EURUSD
Technical Analysis
Banks
EUR/USD can dip to 1.0430 before recovering – UOB Group
EUR/USD can dip to 1.0430 before recovering – UOB Group
Oleh Fxstreet
EUR/USD can dip to 1.0430 before recovering – UOB Group
Euro (EUR) could dip to 1.0430 vs US Dollar (USD) before recovering; the strong support at 1.0415 is unlikely to come under threat.
EURUSD
Technical Analysis
Banks
Silver Price Forecast: XAG/USD seems poised to retest multi-month top, around $33.40 area
Silver Price Forecast: XAG/USD seems poised to retest multi-month top, around $33.40 area
Oleh Fxstreet
Silver Price Forecast: XAG/USD seems poised to retest multi-month top, around $33.40 area
Silver (XAG/USD) attracts some dip-buyers in the vicinity of the $32.00 round figure and turns positive for the third consecutive day on Wednesday.
Silver
Commodities
Technical Analysis
XAGUSD
USDJPY Technical Analysis – Higher Treasury yields limit the JPY gains
USDJPY Technical Analysis – Higher Treasury yields limit the JPY gains
Oleh Forex Live
USDJPY Technical Analysis – Higher Treasury yields limit the JPY gains
The USDJPY pair continues to pull back with the price now trading near a key resistance zone. What’s next?
JPY
USD
FX option expiries for 19 February 10am New York cut
FX option expiries for 19 February 10am New York cut
Oleh Forex Live
FX option expiries for 19 February 10am New York cut
A look at what is on the board for today
USD/CAD Price Forecast: Could test 1.4200 barrier near nine-day EMA
USD/CAD Price Forecast: Could test 1.4200 barrier near nine-day EMA
Oleh Fxstreet
USD/CAD Price Forecast: Could test 1.4200 barrier near nine-day EMA
The USD/CAD pair gives up its recent gains from the previous session, trading near 1.4180 during Asian hours on Wednesday.
USDCAD
Technical Analysis
Majors
NZD/USD Price Forecast: Rebounds above 0.5700 following RBNZ Orr’s speech
NZD/USD Price Forecast: Rebounds above 0.5700 following RBNZ Orr’s speech
Oleh Fxstreet
NZD/USD Price Forecast: Rebounds above 0.5700 following RBNZ Orr’s speech
The NZD/USD pair trades near 0.5710 during Asian hours on Wednesday.
NZDUSD
Technical Analysis
Majors