Current news is English only but we will be adding multilingual news - check back soon.
USDCAD breaks key support, sellers tighten grip
USDCAD breaks key support, sellers tighten grip
Pair falls below 200-day moving average and 61.8% retracement, exposing deeper downside toward 1.3813 and beyond
USD safe haven status under pressure – Rabobank
USD safe haven status under pressure – Rabobank
The US dollar's role as a global safe haven is being challenged amid rising budget deficits and trade tensions.
Technical Analysis
Banks
DollarIndex
GBP advance lags core peers – Scotiabank
GBP advance lags core peers – Scotiabank
Pound Sterling (GBP) is firmer on the day but has struggled to keep up with its core G10 peers over the week, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Banks
GBPUSD
EUR surges to 1.14 before consolidating – Scotiabank
EUR surges to 1.14 before consolidating – Scotiabank
The Euro (EUR) tested the upper 1.08s Monday and traded to a three-year high above 1.14 earlier. It is notable that the EUR surge is happening against a backdrop of widening EZ/US spreads which would ordinarily be a negative factor for the EUR, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks
CAD grinds higher versus a weaker USD – Scotiabank
CAD grinds higher versus a weaker USD – Scotiabank
The Canadian Dollar (CAD) is getting pulled along with the broader sell-off in the USD and is notching up another decent weekly gain—its fourth on the trot and the largest since late 2022.
Banks
USDCAD
Technical Analysis
BOC
Canada
USDCHF continues to be under pressure after break yesterday
USDCHF continues to be under pressure after break yesterday
The USDCHF is continuing the run from the floor between 0.8333 to 0.8373.
USD slide extends to a three-year low – Scotiabank
USD slide extends to a three-year low – Scotiabank
'Transition problems' with US Tariffs continue. The US Dollar (USD) is getting trashed.
Technical Analysis
Fed
Banks
DollarIndex
USD/CNH: Any decline is unlikely to reach the major support at 7.2430 – UOB Group
USD/CNH: Any decline is unlikely to reach the major support at 7.2430 – UOB Group
Scope for US Dollar (USD) to continue to weaken vs Chinese Yuan (CNH); any decline is unlikely to reach the major support at 7.2430.
Technical Analysis
USDCNH
Banks
USD/JPY: Further USD weakness is not ruled out – UOB Group
USD/JPY: Further USD weakness is not ruled out – UOB Group
While deeply oversold, further USD weakness is not ruled out; next support level is at 142.50. In the longer run, renewed momentum suggests USD is likely to continue to decline; mid-term support levels are at 142.50 and 139.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
USDJPY
Banks
White house pressure threatens US Dollar stability – Commerzbank
White house pressure threatens US Dollar stability – Commerzbank
Despite the current turbulence in the US dollar, we see short-term recovery potential for the US currency.
Technical Analysis
EURUSD
Fed
Banks
DollarIndex
NZD/USD: A move to 0.5855 can be expected – UOB Group
NZD/USD: A move to 0.5855 can be expected – UOB Group
Further NZD strength is not ruled out, but it may not be able to maintain a foothold above 0.5785. In the longer run, upward momentum has increased, but NZD must first close above 0.5785 before a move to 0.5855 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD
AUD/USD: Likely to strengthen further – UOB Group
AUD/USD: Likely to strengthen further – UOB Group
Australian Dollar (AUD) is likely to strengthen further, but the major resistance at 0.6290 still seems to be out of reach. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
AUDUSD
Euro soars as US Dollar suffers historic drop – Commerzbank
Euro soars as US Dollar suffers historic drop – Commerzbank
The euro surged to multi-year highs against the dollar as markets reversed optimism from the tariff pause and grew increasingly wary of political and institutional risks in the US.
Banks
EURUSD
Technical Analysis
DollarIndex
Fundamental Analysis
GBP/USD: Impulsive momentum suggests further GBP strength – UOB Group
GBP/USD: Impulsive momentum suggests further GBP strength – UOB Group
Impulsive momentum suggests further GBP strength; it remains to be seen if 1.3100 is within reach today. 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.
Technical Analysis
Banks
GBPUSD
CHF: Betting on no SNB intervention – ING
CHF: Betting on no SNB intervention – ING
The Swiss franc had its biggest one-day rally since 2015 yesterday, emerging as the preferred recipient of safe-haven flows leaving the dollar.
Technical Analysis
USDCHF
Banks
USD: The new high-beta in town – ING
USD: The new high-beta in town – ING
A mad week for markets is ending with heavy losses for the dollar. The FX scorecard is speaking volumes; in G10, only the illiquid Norwegian krone is flat against the dollar since last Friday.
Technical Analysis
Banks
DollarIndex
GBP/USD climbs above 1.3100 on persistent USD weakness
GBP/USD climbs above 1.3100 on persistent USD weakness
After closing the third consecutive day in positive territory on Wednesday, GBP/USD preserves its bullish momentum and rises about 1% on the day at around 1.3100.
Technical Analysis
Currencies
Majors
Macroeconomics
GBPUSD
EUR/USD: Likely to rally further – UOB Group
EUR/USD: Likely to rally further – UOB Group
A break above 1.1275 could trigger further rally; the levels to monitor are 1.1350 and 1.1400. In the longer run, Euro (EUR) is likely to rally further; the levels to monitor are 1.1400 and 1.1450, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR: 1.15 not unreasonable for a near-term target – ING
EUR: 1.15 not unreasonable for a near-term target – ING
The Euro (USD) remains a key recipient of US Dollar (USD) outflows, and is currently trading around 1.125 after major overnight swings that saw it trade as high as 1.138.
Technical Analysis
EURUSD
Banks
Gold Technical Analysis – The stock market bounce set gold free
Gold Technical Analysis – The stock market bounce set gold free
As the pressure from the stock market selloff waned, gold got finally the green light to push into new all-time highs. What’s next?
US Dollar Index Price Forecast: Hovers near descending channel’s lower boundary at 100.50
US Dollar Index Price Forecast: Hovers near descending channel’s lower boundary at 100.50
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against a basket of six major currencies, continues its decline for the second consecutive session, hovering around 100.40 during Friday’s Asian trading hours.
Technical Analysis
Majors
DollarIndex
USD/CAD Price Forecast: Outlook remains bearish below 1.4000
USD/CAD Price Forecast: Outlook remains bearish below 1.4000
The USD/CAD pair remains weak near 1.3965 during the early European session on Friday. The Greenback edges lower against the Canadian Dollar (CAD) amid persistent concerns over the global and US economies.
USDCAD
Technical Analysis
Majors
AUD/JPY Price Analysis: Bearish momentum continues as pair trades near 90.00 zone ahead of Asia
AUD/JPY Price Analysis: Bearish momentum continues as pair trades near 90.00 zone ahead of Asia
The AUD/JPY pair extended its downside during Thursday’s session, retreating toward the 90.00 area as bearish sentiment continues to weigh on the pair. Price action is unfolding within a range defined by 88.914 and 91.110, with sellers maintaining control as the session heads into Asia.
Crosses
Technical Analysis
Currencies
AUDJPY
NZD/USD Price Analysis: Kiwi trades near 0.5700 as short-term bullish bias builds momentum
NZD/USD Price Analysis: Kiwi trades near 0.5700 as short-term bullish bias builds momentum
The NZD/USD pair extended its upside momentum during Thursday’s session, climbing toward the 0.5700 area after posting notable intraday gains. The pair remains comfortably positioned within its daily range of 0.56282 to 0.57656, reflecting growing bullish sentiment in the short term.
Technical Analysis
Currencies
Majors
NZDUSD
Bullish
GBPUSD extends to new highs and toward upside targets
GBPUSD extends to new highs and toward upside targets
GBPUSD has resistance at 1.2988 and above that at 1.30139
US Dollar weak as markets digest trade war developments
US Dollar weak as markets digest trade war developments
The US Dollar Index (DXY) trades near the 101 area in Thursday’s session, falling further after failing to hold recovery momentum from earlier in the week. The move comes as new tariff measures confirmed by the White House send the effective rate on Chinese imports to a staggering 145%.
Technical Analysis
Currencies
TradeWar
SEO
DollarIndex
EURUSD now looks toward 2023 high
EURUSD now looks toward 2023 high
The 61.8% of the move down from the 2020 high is being approached at 1.12709 along with the 2023 high near the same level
EUR/USD Price Analysis: Euro surges near 2025 highs as bullish structure strengthens
EUR/USD Price Analysis: Euro surges near 2025 highs as bullish structure strengthens
The EUR/USD pair extended its rally on Thursday’s session after the European close, pushing toward the 1.1200 area and posting one of its strongest daily gains in recent months.
Technical Analysis
Currencies
EURUSD
Majors
Bullish
The US stocks move to new lows. NASDAQ tests its 50 hour moving average
The US stocks move to new lows. NASDAQ tests its 50 hour moving average
. The NASDAQ run above the 100-hour moving average stalled ahead of swing area resistance
USDCHF moves to new lows going back to 2011
USDCHF moves to new lows going back to 2011
The low for the year is broken at 0.83316
AUDUSD rebounds off support and eyes key upside targets
AUDUSD rebounds off support and eyes key upside targets
Swing support holds at 0.61608–0.61779; 100-bar MA and Fib resistance now in focus
USDCAD pressured lower as sellers stay in control below key MAs. Low for the year is eyed.
USDCAD pressured lower as sellers stay in control below key MAs. Low for the year is eyed.
Break below 50% retracement opens path toward major support at 200-day MA
CAD holds range but USD undertone is softening – Scotiabank
CAD holds range but USD undertone is softening – Scotiabank
There was a little confusion around the temporary roll-back of US tariffs yesterday.
Technical Analysis
Canada
BOC
USDCAD
Banks
USD moves lower after tamer CPI data. What are the technicals saying.
USD moves lower after tamer CPI data. What are the technicals saying.
USD dips after tamer CPI data, EURUSD eyes next resistance level, USDJPY holds above key support, GBPUSD remains rangebound in consolidation phase.
USD softer as there are still major challenges – Scotiabank
USD softer as there are still major challenges – Scotiabank
So the US paused reciprocal tariff action for 90 days on non-retaliating countries but maintained a base line 10% tariff just hours after imposing aggressive levies on its major trading partners. China gets whacked with 125% tariffs though, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
US Elections
Fed
Banks
DollarIndex
JPY outperforms as risk sentiment sours – Scotiabank
JPY outperforms as risk sentiment sours – Scotiabank
Japanese Yen JPY is outperforming nearly all the G10 currencies, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
BOJ
Japan
USDJPY
Banks