Created
: 2025.08.11
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EUR/USD: Ceasefire hopes - OCBC
Breaking news
EUR/USD: Ceasefire hopes - OCBC
New
2025.08.11 18:50
2025.08.11 18:50
2025.08.11 18:50
Euro (EUR) was a touch firmer this morning amid mild USD softness and likely in response to US-Russia meeting this Friday in Alaska. Euro (EUR) was last at 1.1644 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Slight risk to the upside
"According to WSJ, Russian President Putin proposed Ukraine ceasefire in exchange for Eastern Ukraine. But earlier, Ukraine President Zelensky had said that his country would not give its land to Russia and that Ukraine must be part of any negotiation to end the war. While negotiations may not be smooth and takes time, Europe potentially participating in Ukraine's reconstruction plans at some point, may lend a boost to EUR, to some extent."
"Daily momentum shows signs of turning mild bullish while RSI also shows signs of rising. Slight risk to the upside. Resistance at 1.1730, 1.18 levels. Support at 1.1610/30 levels (21, 50 DMAs), 1.1570 levels.
Last updated
: 2025.08.11
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2025.08.11 20:26
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Gold falls on optimism over Russia-Ukraine peace talks
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2025.08.11 20:42GBP consolidating recent gains - Scotiabank
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2025.08.11 20:38EUR quiet ahead of Tuesday's ZEW - Scotiabank
The Euro (EUR) is entering Monday's NA session flat against the US Dollar (USD) as it extends its consolidation of last week's gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.11 20:32USD/JPY: Any advance is likely to be part of a higher range of 147.20/148.25 - UOB Group
US Dollar (USD) could rebound further, but any advance is likely to be part of a higher range of 147.20/148.25. In the longer run, downward momentum is slowing; the likelihood of USD dropping further is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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2025.08.11 20:29CAD drifts in range after disappointing jobs data - Scotiabank
The Canadian Dollar (CAD) has drifted a little lower in quiet trade so far today but movement is limited spot is trading not far off of levels seen last Friday following the weaker than expected jobs data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.08.11 20:23USD/CAD Price Forecast: Stabilizes above 20-day EMA around 1.3770
The USD/CAD pair trades marginally higher around 1.3770 during the European trading session on Monday.
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2025.08.11 20:21Disclaimer:
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