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USD/JPY: Major support at 141.70 is unlikely to come under threat - UOB Group
US Dollar (USD) could edge lower and retest the 142.20 level vs Japanese Yen (JPY); the major support at 141.70 is unlikely to come under threat. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.
EUR/USD retraces on progress in US-EU trade talks, dovish ECB
EUR/USD corrects to near 1.1350 during European trading hours on Tuesday after revisiting the monthly high of 1.1425 the previous day.
EUR/CAD hesitates above 1.5600 with higher Oil prices supporting the loonie
The Euro is trading without a clear direction, as the enthusiasm of the delay on Trump's 50% tariffs wears out, while the moderate rebound on Oil prices is providing some support to the loonie.The pair has been losing momentum after hitting one-month highs, right above 1.5750 last week, yet with dow
Swiss Economy Minister: Hope that trade talks with US will have a result by July
Switzerland Economy Minister Guy Parmelin said on Tuesday, "we hope that by the beginning of July, we will have a result from discussions with the US."
NZD: How dovish does the RBNZ sound? - Commerzbank
Early tomorrow morning (European time), the Reserve Bank of New Zealand (RBNZ) will announce its decision on interest rates.
US Dollar Index rises toward 99.50 as continues recovery from five-week lows
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is continuing its recovery from a five-week low of 98.70, recorded in the previous session. On Tuesday, the DXY is trading around 99.30 during the European hours.
Gold extends correction amidst trade optimism, stronger US Dollar
Gold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD). Gold extends its decline for a second day this week as the US dollar caught up with some gains and demand for haven assets cooled, wit
AUD/USD Price Forecast: Tests psychological 0.6450 support, aligns with nine-day EMA
The AUD/USD pair continues to lose ground for the second successive day, trading around 0.6450 during the European hours on Tuesday. The bullish bias is prevailing as the technical analysis of the daily chart indicates that the pair is remaining within the ascending channel pattern.
USD/JPY: Policy normalisation plans still alive - OCBC
USD/JPY traded lower intra-day after BoJ Governor Ueda called for vigilance over food inflation risks. Japan's core inflation hit 3.5% in April, accelerating at its fastest annual pace in more than two years due largely to a 7% surge in food costs.
NZD/USD: NZD must break and hold above 0.6030 to advance - UOB Group
Conditions remain overbought; instead of rising, New Zealand Dollar (NZD) is more likely to trade in a range between 0.5960 and 0.6020 vs US Dollar (USD). In the longer run, for a sustained advance, NZD must break and hold above 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
DXY: Bearish but pace of decline may slow - OCBC
Markets were largely quiet overnight with US and UK markets closed for public holiday. DXY was last at 99.29 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/USD: Likely to trade with an upward bias toward 0.6550 - UOB Group
Australian Dollar (AUD) is expected to consolidate in a range between 0.6455 and 0.6510 vs US Dollar (USD). In the longer run, rapid buildup in momentum suggests AUD is likely to trade with an upward bias toward 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/JPY appreciates above 163.00 with the Yen retreating across the board
The Euro is trading higher for the second consecutive day, still fuelled by the delay of Trump's deadline to avoid 50% tariffs in the US, while the Yen declines alongside super long-term Japanese yields.The pair extended its rebound from last week's lows, at 161.00, to levels above 163.00 and is aim
NZD: RBNZ to cut, rate projections in focus - ING
The Reserve Bank of New Zealand is widely expected to cut rates by another 25bp to 3.25% tonight (announcement at 04:00am CET). The Bank will also publish the new Monetary Policy Statement, which includes policy rate projections.
GBP/USD: Expected to consolidate between 1.3540 and 1.3600 - UOB Group
Pound Sterling (GBP) is expected to consolidate between 1.3540 and 1.3600. In the longer run, upward momentum remains strong; the next objective is 1.3635, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/JPY hovers below 93.00, upside seems possible due to diminished safe-haven demand
AUD/JPY steadies after recovering daily losses, trading around 92.80 during the European hours on Tuesday. The currency cross gains ground as the Japanese Yen (JPY) depreciates over fading safe-haven demand.
USD: Deficit concerns and tariff drama hangover can bite - ING
We shouldn't be surprised to see the dollar softer at the start of the week, even with US President Donald Trump reversing course on 50% EU tariffs.
EUR/USD: Another attempt to boost appeal - OCBC
"Overnight at an event in Berlin, ECB's Lagarde made another attempt to raise Euro's profile. She said that 'The ongoing changes create the opening for a 'global Euro moment'... This is a prime opportunity for Europe to take greater control of its own destiny.
EUR/USD may edge higher within a range of 1.1360/1.1420 - UOB Group
Upward momentum is slowing, but Euro (EUR) could edge higher within a range of 1.1360/1.1420 vs US Dollar (USD). In the longer run, a decisive break above 1.1435 could push EUR to 1.1475, with potential for further gains, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Global Euro moment may face political roadblock - ING
The Euro has come through the US tariff scare with barely a scratch. As discussed above, markets' tendency to punish the dollar when trade tensions escalate means a rotation to the liquid Euro often prevents the idiosyncratic risks for the Eurozone from being priced in.
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