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DXY: 50-DMA an interim top? - OCBC
US Dollar (USD) had its choppy momentum overnight following reports that President Trump had considered dismissing Fed Chair Powell - though these claims were later denied by the man himself. DXY was last at 98.68 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
AUD/USD: Resistance levels are at 0.6530 and 0.6550 - UOB Group
There is a chance for Australian Dollar (AUD) to test 0.6480 against US Dollar (USD). In the longer run, there has been a tentative buildup in momentum; AUD is likely to edge lower to 0.6480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP: May's job drop heavily revised - ING
Last month, a surprise 109k fall in May UK payrolls opened the discussion on whether the Bank of England had to accelerate easing, ING's FX analyst Francesco Pesole notes.
GBP/USD: View is still negative - UOB Group
The current price movements are likely part of a 1.3360/1.3460 consolidation phase. In the longer run, GBP view is still negative; the next technical target at 1.3320 may not come into view so soon, as it could consolidate first, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/JPY clings to gains near mid-172.00s, remains close to YTD peak amid a weaker JPY
The EUR/JPY cross regains positive traction following the previous day's turnaround from the 173.25 area or a fresh one-year peak and sticks to its intraday gains through the first half of the European session on Thursday.
AUD/USD: Corrective pullback on the daily chart - OCBC
Australian Dollar (AUD) slipped amid downside surprise to labour market data - from multiple aspects. AUD was last at 0.6472, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD: Likely to trade between 1.1580 and 1.1680 - UOB Group
Euro (EUR) is likely to trade between 1.1580 and 1.1680 against US Dollar (USD). In the longer run, EUR weakness appears to have stabilised; for the time being it is likely to consolidate in a range of 1.1550/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: French budget may weigh on the Euro - OCBC
Euro (EUR) continued to stay under pressure and fell amid broad US Dollar (USD) strength. Pair was last at 1.1600, OCBC's FX analysts Frances Cheung and Christopher Wong note.
WTI remains below $65.50 despite improved demand outlook
West Texas Intermediate (WTI) Oil price extends its losing streak for the fourth successive day, trading around $65.30 during the European hours on Thursday. However, crude Oil prices gained ground due to upbeat economic data, released recently from the largest Oil consumers.
EUR: EU budget has long-term EUR implications - ING
Aside from the very brief spike induced by Powell removal speculation yesterday, EUR/USD looks rather comfortable trading in the low 1.16s.
US Dollar Index (DXY) approaches multi-week highs at 98.44 in risk-off markets
The US Dollar is outperforming its main rivals on Thursday, supported by risk-averse markets amid growing anxiety about trade tariffs and the ongoing pressures on Fed Chairman Powell, which have boosted speculation about his resignation.
Forex Today: US Dollar regains traction ahead of mid-tier data releases
Here is what you need to know on Thursday, July 17:
USD/CAD nears three-week highs at 1.3750 as the US Dollar rallies on risk aversion
The US Dollar is retracing previous losses against the Canadian Dollar on Thursday, with markets averse to risk amid rising speculation that Fed Chairman Jerome Powell will be forced to resign under pressure from US President Trump.Trump said that the possibility of firing the Fed chairman is "highl
Pound Sterling declines against US Dollar after UK employment data
The Pound Sterling (GBP) declines against the US Dollar (USD) on Thursday, trading below 1.3400, as the United Kingdom (UK) Office for National Statistics has reported mixed employment data.
EUR/USD approaches multi-week lows as markets digest the Powell-Trump drama
The EUR/USD pair is trading lower on Thursday, with investors averse to risk after a turbulent US session on Wednesday as tensions between US President Donald Trump and Fed Chair Jerome Powell escalated.
USD/CHF maintains position near 0.8050 despite improved Swiss Trade Balance data
USD/CHF appreciates around 0.50% despite an improved Swiss Trade Balance released on Thursday, trading around 0.8040 during the European hours. Switzerland's trade surplus widened to CHF 4.3 billion in June, nearly doubling from a CHF 2.2 billion surplus in May.
GBP/JPY holds gains around 199.00 following UK employment data
GBP/JPY retraces its recent losses registered in the previous session, trading around 199.00 during the early European hours on Thursday. The currency cross remains stronger despite mixed employment figures from the United Kingdom (UK).
NZD/USD Price Forecast: Struggles to hold 200-day EMA
The NZD/USD pair trades 0.6% lower to near the round-level of 0.5900 during European trading hours on Thursday.
EUR/GBP remains weak near 0.8650 after UK employment data
The EUR/GBP cross trades in negative territory around 0.8665 during the early European session on Thursday. The Pound Sterling (GBP) remains weak against the Euro (EUR) after the UK employment data.
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