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USD/JPY: Downward momentum is beginning to ease – UOB Group
After the sharp swings, the outlook is unclear; US Dollar (USD) could trade in a range of 145.40/148.50 vs Japanese Yen (JPY).
Technical Analysis
USDJPY
Banks

USD/CNH: 2-way trades for the time being – OCBC
Despite Trump raising tariffs on China to 125% overnight, USD/CNH fell as broader sentiment improved. Trump unexpectedly paused higher tariffs on 56 nations (excluding China) for 90 days.
Technical Analysis
China
USDCNH
Banks

NZD/USD: Weakness in NZD has stabilised – UOB Group
New Zealand Dollar (NZD) could test 0.5695 vs US Dollar (USD) before the risk of a pullback increases. In the longer run, weakness in NZD has stabilised; it is likely to consolidate between 0.5540 and 0.5760 for now, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
NZDUSD

GBP: Gilt baggage – ING
EUR/GBP briefly traded to 0.8650 yesterday – a move which seems to coincide with the sell-off in UK gilts. That UK gilts even underperformed US Treasuries is quite remarkable and probably very unnerving for the UK's Debt Management Office, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURGBP
Banks
GBPUSD

China mulls tariff response to US hike – ING
Markets are watching closely as China weighs a response to the latest US tariff hike. With limited trade impact, the focus shifts to potential currency movements and consumer strain, ING’s FX analyst Chris Turner notes.
Technical Analysis
China
USDCNH
Banks

AUD/USD seems to have enough momentum to test 0.6195 – UOB Group
Sharp rally in Australian Dollar (AUD) seems to have enough momentum to test 0.6195 before leveling off. 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

USD: Damage has been done – ING
The clean take-away from the pause in the worst of the tariffs was a re-assessment of global trade prospects on the view that perhaps tariffs were more transactional after all, and US equity losses are indeed proving a brake on the President's desires to rewire the global trading systems, ING’s FX a
Technical Analysis
Banks
DollarIndex

GBP/USD: Still trading in a range – UOB Group
Pound Sterling (GBP) is still trading in a range vs US Dollar (USD), expected to be between 1.2750 and 1.2870. In the longer run, GBP could decline further; it is unclear if it can reach the next major support at 1.2580, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
Banks
GBPUSD

EUR/CHF falls below 0.93 amid market turmoil – ING
Elsewhere, the Norwegian krone is having a good rally today, ING’s FX analyst Chris Turner notes.
Technical Analysis
EURCHF
USDCHF
Banks

Silver Price Forecast: XAG/USD retreats from weekly top, back below $31.00 ahead of US CPI
Silver (XAG/USD) struggles to capitalize on its modest intraday uptick and retreats slightly after touching a fresh weekly high, around the $31.30 region during the early European session on Thursday.
Silver
Commodities
Technical Analysis
XAGUSD
CPI

EUR/USD: Further decline is unlikely to reach 1.0850 – UOB Group
Sharp decline in Euro (EUR) vs US Dollar (USD) has room to test 1.0895 before stabilisation is likely; any further decline is unlikely to reach 1.0850.
Technical Analysis
EURUSD
Banks

EUR: EUR/USD remains the 'washing machine' – ING
The EUR/USD market is sometimes referred to as a 'washing machine' where global trade and portfolio flows meet and cancel each other out, ING’s FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis

Crude Oil Analysis for Today
Selling Pressure Dominates as Order Flow Confirms Reversal
Oil
TradeCompass

EUR/JPY Price Forecast: Bullish outlook seems vulnerable around the 100-day EMA near 161.00
The EUR/JPY cross weakens to around 161.05 during the early European session on Thursday. The Japanese Yen (JPY) drifts higher against the Euro (EUR) as the stronger-than-expected Japanese Producer Price Index (PPI) keeps the door open for further rate hikes by the Bank of Japan (BoJ).

USD/CAD Price Forecast: Seems vulnerable; could test 200-day SMA near 1.4000 mark
The USD/CAD pair attracts some sellers following an Asian session uptick to levels just above the 1.4100 mark and drops to a fresh daily low in the last hour amid a modest US Dollar (USD) downtick. Spot prices currently trade around the 1.4075-1.4070 area and seem vulnerable to weaken further.
USDCAD
TradeWar
Fed
Technical Analysis
Currencies

S&P 500 Analysis for Today with tradeCompass
After a huge volatile day yesterday, today with tradeCompass, we wait for ES to possibly reach 5,400, and we take it from there. As always, watch the key prices to consider partial profit taking, that is a major part of the tradeCompass approach.
S&P Technical Analysis
TradeCompass
S&P Futures
S&P Futures Technical Analysis
market overview
Stocks

AUD/JPY Price Analysis: Cross jumps sharply but bearish signals persist
The AUD/JPY pair staged a sharp rebound on Wednesday’s session ahead of the Asian open, climbing toward the 91.00 area after rising more than 4% during the day.
Crosses
Technical Analysis
Currencies
AUDJPY

NZD/USD Price Analysis: Kiwi rallies toward 0.5700 despite persistent bearish backdrop
The NZD/USD pair advanced firmly on Wednesday, rising sharply ahead of the Asian session and trading near the 0.5700 mark. The pair is testing the upper region of its daily range, reflecting a strong intraday bounce despite a broader backdrop that still leans bearish.
Technical Analysis
Currencies
Majors
NZDUSD

EURUSD breaks lower but bounces off the 200 hour MA.... again
Yesterday the price did the same thing
EUR

Gold surges over $100, posts strongest intraday gain since 2016
Safe-haven flows drive prices higher as gold bounces from 50-day MA and flirts with key technical levels
Gold

NZDUSD rebound tests key resistance zone. Finds sellers on the first look.
Buyers capitalize on failed breakdown, but momentum hinges on a move above 0.5592
NZD
USD

Sellers had their shot below swing area. They missed.
Despite falling below key support levels, sellers fail to capitalize as buyers defend, opening up potential bounce opportunities for USDJPY traders.
JPY
USD

AUDUSD buyers step in after failed break lower. What next?
Sellers missed their shot below Monday’s low—now buyers eye key resistance at the 100-hour MA/swing low going back to early February near 0.6087.
AUD
USD

USDCAD continues the ups and downs. High price today stalled ahead of 100 day MA
The price is back near key swing area between 1.41498 to 1.41789
CAD
USD

GBP recovers recent losses – Scotiabank
Pound Sterling (GBP) is up a modest 0.5% vs. the US Dollar (USD) and retracing a portion of its recent losses, Scotiabank's Chief FX Strategist Shaun Osborne notes on Wednesday.
Technical Analysis
Banks
GBPUSD

EUR cheers German political developments – Scotiabank
The Euro (EUR) is up an impressive 0.8% vs. the US Dollar (USD) and outperforming most of the G10 currencies with the exception of AUD and CHF, recovering its recent losses and pushing back toward last week’s highs, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
EURUSD
Banks

CAD holds range despite headwinds from risk, commodities – Scotiabank
Canada’s 25% counter tariffs on non-USMCA compliant vehicles came into force just after midnight, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Canada
BOC
USDCAD
Banks

USD: US markets wilt under tariff pressure – Scotiabank
Yesterday’s hopes for some moderation in US tariff policy met the reality of 104% tariffs on China and President Trump’s other levies being imposed as of midnight last night, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Technical Analysis
Fed
Banks
DollarIndex

The USDCHF trades to a new low going back to December 2023
The December 2023 low at 0.83318 is the lowest low going back to 2011
CHF
USD

The USD is lower as tariff wars escalate. Lower USD as sellers dump stocks, bonds.
China announces they will charge 84% tariff on US goods. 10 year bond auction later today.
USD

EUR/USD edges higher amid flat momentum – OCBC
Euro (EUR) ticked higher vs US Dollar (USD) and was last seen at 1.1044 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
EURUSD
TradeWar
Banks

USD/JPY: Short squeeze soon? – OCBC
USD/JPY dipped this morning. Safe-haven demand was the main catalyst while UST-JGB yield differentials also narrowed. Pair was last at 144.74 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Technical Analysis
USDJPY
Banks

Euro shows unexpected safe haven strength – Rabobank
Following President Trump's tariff announcement, the euro has shown surprising resilience, acting more like a safe haven currency alongside the Swiss franc and Japanese yen.
Technical Analysis
EURUSD
Banks
Fundamental Analysis

USD/CNH: Any advance is likely part of a higher range of 7.3600/7.4420 – UOB Group
Further US Dollar (USD) strength is not ruled out vs Chinese Yuan (CNH), but any advance is likely part of a higher range of 7.3600/7.4420.
Technical Analysis
USDCNH
Banks

How fast is too fast for the SNB? – Commerzbank
The Swiss franc has emerged as a clear winner amidst the recent market turbulence following Donald Trump's tariff announcement, appreciating significantly against major currencies.
Banks
Technical Analysis
EURCHF
SNB
Switzerland

USD/JPY: Oversold weakness has not stabilized – UOB Group
UD Dollar (USD) has gathered downward momentum vs Japanese Yen (JPY), but it might not be able to break below 145.00.
Technical Analysis
USDJPY
Banks

RBNZ cuts rates as expected – Commerzbank
As expected, the Reserve Bank of New Zealand cut its key interest rate by 25 basis points to 3.5% this morning. After the RBNZ had recently cut interest rates in large steps of 50 basis points each, the pace has been slowed down, as expected.
Technical Analysis
RBNZ
NewZealand
Banks
NZDUSD

NZD/USD: Downward momentum is building – UOB Group
Downward momentum is building; New Zealand Dollar (NZD) is likely to decline vs US Dollar (USD), but it is unclear whether it can break the major support at 0.5450.
Technical Analysis
Banks
NZDUSD

AUD/USD: Downward momentum has increase slightly – UOB Group
Downward momentum has increase slightly; Australian Dollar (AUD) is likely to edge lower but is unlikely to reach 0.5870 vs US Dollar (USD).
Technical Analysis
Banks
AUDUSD