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GBP struggles to hold gains around 1.26 – Scotiabank
GBP struggles to hold gains around 1.26 – Scotiabank
The Pound Sterling (GBP) is a relatively weak performer on the session vs US Dollar (USD), down a little more than 0.2% on the generally strong USD, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Technical Analysis
Banks
EUR slips back from low 1.05 area – Scotiabank
EUR slips back from low 1.05 area – Scotiabank
Germany’s February ZEW Investor Survey reflected a stronger than expected rise in the Expectations index (26, versus 20 expected and 19.3 in January), Scotiabank's Chief FX Strategist Shaun Osborne notes.
EURUSD
Technical Analysis
Banks
CAD may stabilize in the short run – Scotiabank
CAD may stabilize in the short run – Scotiabank
The Canadian Dollar (CAD) is little changed in quiet trade.
USDCAD
Technical Analysis
Banks
USD steadies as yields edge up – Scotiabank
USD steadies as yields edge up – Scotiabank
North American markets return from their respective long weekends with the Dollar Index (DXY) trading a little above the two-month low reached in quiet trade yesterday, breaking a streak of six consecutive daily losses for the index, Scotiabank's Chief FX Strategist Shaun Osborne notes.
DollarIndex
Technical Analysis
Banks
USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
USDCAD Technical Analysis – A look at the chart ahead of the Canadian CPI
The USDCAD pair continues to consolidate around the recent lows as the market awaits new catalysts. What’s next?
CAD
USD
USD/CNH can decline to the major support at 7.2300 – UOB Group
USD/CNH can decline to the major support at 7.2300 – UOB Group
US Dollar (USD) is likely to trade in a range between 7.2500 and 7.2780 vs the Chinese Yuan (CNH).
USDCNY
USDCNH
Technical Analysis
Banks
GBPUSD Technical Analysis – The market takes a breather
GBPUSD Technical Analysis – The market takes a breather
The GBPUSD pair is consolidating around the recent highs as the market awaits new catalysts. What’s next?
GBP
USD
USD/JPY: To consolidate on the day – OCBC
USD/JPY: To consolidate on the day – OCBC
USD/JPY rebounded today, tracking USD’s modest bounce after back-to-back session of declines.
USDJPY
Technical Analysis
Banks
USD/JPY: Can edge below 151.00 – UOB Group
USD/JPY: Can edge below 151.00 – UOB Group
US Dollar (USD) could edge below 151.00 vs Japanese Yen (JPY), but it remains to be seen if it can maintain a foothold below this level.
USDJPY
Technical Analysis
Banks
Tariffs continue to be the main driver of USD/CAD – Danske Bank
Tariffs continue to be the main driver of USD/CAD – Danske Bank
Today focus in CAD FX turns to the January inflation figures at 14:30 CET , Danske Bank's FX analyst Mohamad Al-Saraf reports.
USDCAD
Technical Analysis
Banks
DXY: Bears pause for now – OCBC
DXY: Bears pause for now – OCBC
US Dollar (USD) firmed overnight on comments from Fed’s Waller.
DollarIndex
Technical Analysis
Banks
NZD/USD: Can potentially rise to 0.5790 – UOB Group
NZD/USD: Can potentially rise to 0.5790 – UOB Group
New Zealand Dollar (NZD) is likely to trade between 0.5710 and 0.5745 vs US Dollar (USD).
NZDUSD
Technical Analysis
Banks
AUD/USD: Expected to trade in a 0.6335/0.6370 range – UOB Group
AUD/USD: Expected to trade in a 0.6335/0.6370 range – UOB Group
Australian Dollar (AUD) is expected to trade in a 0.6335/0.6370 range vs the US Dollar (USD).
AUDUSD
Technical Analysis
Banks
EURUSD Technical Analysis – Eyes on the US-Russia talks
EURUSD Technical Analysis – Eyes on the US-Russia talks
The EURUSD pair is consolidating as the market awaits the next catalyst. What’s next?
EUR
USD
AUD: A hawkish cut by the RBA – ING
AUD: A hawkish cut by the RBA – ING
The Reserve Bank of Australia cut rates for the first time in four years this morning, matching consensus and market expectations.
AUDUSD
Technical Analysis
Banks
GBP/USD: To edge higher in short term – UOB Group
GBP/USD: To edge higher in short term – UOB Group
Scope for Pound Sterling (GBP) to edge higher vs US Dollar (USD), but any advance is likely part of a higher trading range of 1.2580/1.2655.
GBPUSD
Technical Analysis
Banks
USD: Fading bearish momentum – ING
USD: Fading bearish momentum – ING
Our baseline view for this week has been that the dollar correction has run its course, and we still favour chasing a USD rebound against other G10 currencies.
DollarIndex
Technical Analysis
Banks
EUR/USD: expected to consolidate in a 1.0455/1.0505 range – UOB Group
EUR/USD: expected to consolidate in a 1.0455/1.0505 range – UOB Group
Euro (EUR) is expected to consolidate vs the US Dollar (USD) in a 1.0455/1.0505 range.
EURUSD
Technical Analysis
Banks
Gold Technical Analysis – Awaiting the next catalyst
Gold Technical Analysis – Awaiting the next catalyst
Gold is consolidating near the recent highs as the market participants await the next catalyst. What’s next?
US Dollar Index Price Forecast: Holds gains around 107.00 despite increased bearish bias
US Dollar Index Price Forecast: Holds gains around 107.00 despite increased bearish bias
The US Dollar Index (DXY) ticks higher on Tuesday, hovering around 107.00 during European trading hours after three consecutive sessions of losses.
DollarIndex
Technical Analysis
Majors
EUR: No help from joint defence spending – ING
EUR: No help from joint defence spending – ING
The ongoing discussion among EU leaders for a joint fund for defence spending is unlikely to drive much support for European currencies.
EURUSD
Technical Analysis
Banks
USD/CAD Price Forecast: First downside target emerges near 1.4150, eyes on Canadian CPI inflation data
USD/CAD Price Forecast: First downside target emerges near 1.4150, eyes on Canadian CPI inflation data
The USD/CAD pair trades in positive territory near 1.4205 during the early European session on Tuesday, supported by the firmer Greenback.
USDCAD
Majors
Technical Analysis
Silver Price Forecast: XAG/USD bulls await sustained move beyond $32.55 barrier
Silver Price Forecast: XAG/USD bulls await sustained move beyond $32.55 barrier
Silver (XAG/USD) reverses an Asian session dip to the $32.00 neighborhood and climbs to the top end of its intraday trading range in the last hour.
Silver
Commodities
Technical Analysis
XAGUSD
FX option expiries for 18 February 10am New York cut
FX option expiries for 18 February 10am New York cut
A look at what is on the board for today
AUD/JPY Price Forecast: Tests nine-day support below 96.50 ahead of RBA policy decision
AUD/JPY Price Forecast: Tests nine-day support below 96.50 ahead of RBA policy decision
AUD/JPY remains attempts to recover its recent losses registered in the previous session, hovering around 96.40 during Tuesday’s Asian hours.
AUDJPY
Crosses
Technical Analysis
Silver Price Forecast: XAG/USD holds firm, negative divergence looms
Silver Price Forecast: XAG/USD holds firm, negative divergence looms
Silver price edges higher and registered gains of over 0.70% on Monday as US financial markets remained closed in observance of Presidents’ Day.
Silver
XAGUSD
Technical Analysis
AUD/JPY Price Analysis: Bears take control as pair slips below 20-day SMA
AUD/JPY Price Analysis: Bears take control as pair slips below 20-day SMA
AUD/JPY continued its downward movement on Monday, losing 0.42% to settle around 96.30.
AUDJPY
Crosses
Currencies
Technical Analysis
NZD/USD Price Analysis: Bulls extend rally toward key resistance
NZD/USD Price Analysis: Bulls extend rally toward key resistance
The NZD/USD pair continued its upward momentum on Monday, gaining 0.26% to reach 0.5735, marking its highest level since late January.
NZDUSD
Majors
Currencies
Technical Analysis
USD/JPY Price Forecast: Slips below 152.00 as bearish momentum builds
USD/JPY Price Forecast: Slips below 152.00 as bearish momentum builds
The USD/JPY retreats during the North American session and trades below the 200-day Simple Moving Average (SMA) of 152.70 for the second consecutive trading day.
USDJPY
Currencies
Technical Analysis
What technical levels are in play for the AUDUSD through the RBA rate cut in the new day?
What technical levels are in play for the AUDUSD through the RBA rate cut in the new day?
The Reserve Bank of Australia is poised to cut rates for the first time in over four years
Mexican Peso extends rally to six days amid lack of catalyst
Mexican Peso extends rally to six days amid lack of catalyst
The Mexican Peso (MXN) extended its gains versus the US Dollar (USD), clearing key support at the 50-day Simple Moving Average (SMA) of 20.42 as the USD/MXN found acceptance at lower exchange rates.
USDMXN
Fundamental Analysis
Technical Analysis
SEO
Banxico
Nasdaq trading map by TradeCompass
Nasdaq trading map by TradeCompass
Bullish Scenario (Above 22,237), Bearish Scenario (Below 22,165). Take profits incrementally and reduce exposure as the trade progresses, at these specified price levels...
TradeCompass
Nasdaq
Nasdaq Technical Analysis
EUR/USD Price Analysis: Pair pulls back after strong rally, signaling a technical correction
EUR/USD Price Analysis: Pair pulls back after strong rally, signaling a technical correction
EUR/USD took a step back on Monday, edging down 0.15% to 1.0475 after last week's impressive rally of over 1.50% which marked four-day winning streak.
EURUSD
Majors
Currencies
Technical Analysis
EURUSD corrects modestly lower to start the week.  Swing area stalling the initial fall.
EURUSD corrects modestly lower to start the week. Swing area stalling the initial fall.
The EURUSD swing area between 1.0453 and 1.0467 stalling the fall in quiet holiday trading today. That area will be a key short term bias defining area for the new trading week.
GBP/USD holds gains near 1.2600 in quiet US holiday trade
GBP/USD holds gains near 1.2600 in quiet US holiday trade
The Pound Sterling registered modest gains versus the US Dollar on Monday in thin liquidity trade due to the observance of US President's Day.
GBPUSD
Majors
Fundamental Analysis
Technical Analysis
USD/CNH can dip below 7.2500 before stabilisation is likely – UOB Group
USD/CNH can dip below 7.2500 before stabilisation is likely – UOB Group
As long as US Dollar (USD) remains below 7.2800 vs Chinese Yuan (CNH), it could dip below 7.2500 before stabilisation is likely.
USDCNY
USDCNH
China
Technical Analysis
Banks
USD/JPY: Unlikely to reach the major support at 151.00 – UOB Group
USD/JPY: Unlikely to reach the major support at 151.00 – UOB Group
US Dollar (USD) is likely to edge lower vs Japanese Yen (USD), but it is unlikely to reach the major support at 151.00.
USDJPY
Technical Analysis
Banks
NZD/USD: Major resistance at 0.5790 is unlikely to come under threat – UOB Group
NZD/USD: Major resistance at 0.5790 is unlikely to come under threat – UOB Group
New Zealand Dollar (NZD) could test 0.5755 vs US Dollar (USD) before levelling off; the major resistance at 0.5790 is unlikely to come under threat.
NZDUSD
Technical Analysis
Banks
AUD/USD: Unlikely to rise much further – UOB Group
AUD/USD: Unlikely to rise much further – UOB Group
Australian Dollar (AUD) is unlikely to rise much further; it is expected to trade in a 0.6325/0.6375 range.
AUDUSD
Technical Analysis
Banks
EUR/USD to consolidate around current levels this week – Danske Bank
EUR/USD to consolidate around current levels this week – Danske Bank
EUR/USD has edged higher to just below the 1.05 mark, supported by renewed momentum in Ukraine peace talks, Danske Bank's FX analyst Mohamad Al-Saraf reports.
EURUSD
Technical Analysis
Banks