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MXN: Inflation figures bring no relief - Commerzbank
Yesterday's Mexican inflation figures offered little relief: the seasonally adjusted core rate remained roughly consistent with the previous two months, Commerzbank's FX analyst Michael Pfister notes.
USD/JPY consolidates around 146.30 as investors seek current status of US-Japan trade talks
The USD/JPY pair trades sideways around 146.30 during the European trading session on Thursday. The pair consolidates as investors await fresh news regarding trade talks between the United States (US) and Japan.
NZD/USD: Price action indicates that further NZD weakness is likely - UOB Group
New Zealand Dollar (NZD) is expected to trade in a range against US Dollar (USD), most likely between 0.5980 and 0.6020. In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
RUB: Sanctions threat returns - Commerzbank
The likelihood of new, harsh sanctions on Russia is rising again: western leaders are abandoning hopes of meaningful diplomacy and reverting back to economic pressure, which had been the consensus strategy until US President Donald Trump took over.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
AUD/USD: Momentum buildup is fading - UOB Group
Further consolidation in Australian Dollar (AUD) still seems likely against US Dollar (USD), probably between 0.6505 and 0.6555.
USD/CHF holds gains near 0.7950, further upside seems limited
USD/CHF gains ground after two days of losses, trading around 0.7950 during the European hours on Thursday.
Antipodean holds not enough to turn around flows - BNY
Before the global financial crisis, AUD and NZD were considered the favored carry currencies, especially funded out of low-yielding names in APAC.
USD/JPY eyes key 148 resistance - Société Générale
USD/JPY has rebounded after defending its May low of 142.10, with daily MACD momentum turning positive and suggesting a recovery phase. The pair may now test the critical resistance zone at 148/148.65, while 144.20 serves as nearby support, Société Générale's FX analysts note.
NOK: Hot core inflation takes August cut off the table - ING
Norway released June CPI figures this morning, ING's FX analyst Francesco Pesole notes.
Dow Jones futures dip as Trump's copper tariff hits investors' confidence
Dow Jones Index Futures point to a negative opening on Thursday as investors' concerns about the consequences of Trump's copper tariffs to the US industry offset the positive impact of the dovish tilt observed in the FOMC minutes.All the main Wall Street index futures are in the red today.
GBP/USD: Likely to trade in a sideways range of 1.3570/1.3635 - UOB Group
Momentum indicators are still mostly flat; Pound Sterling (GBP) is likely to trade in a sideways range of 1.3570/1.3635 against US Dollar (USD). In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD: Could the USD come out stronger amid the tariff noise? - ING
Trump's letters to trading partners are so far primarily affecting local markets, rather than the broader market. Yesterday's surprise 50% tariff announcement on Brazil has triggered a major BRL selloff.
EUR/JPY Price Forecast: Maintains position above 171.50, targets fresh one-year highs
EUR/JPY edges higher after registering losses in the previous session, trading around 171.60 during the European hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
EUR/USD: Any advance is likely part of a higher range of 1.1700/1.1755 - UOB Group
Euro (EUR) could edge higher against US Dollar (USD); any advance is likely part of a higher range of 1.1700/1.1755. In the longer run, no change in view; there is still a chance (albeit a limited one) for EUR to pull back to 1.1660, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR: Volatility declining ahead of EU-US deal - ING
EUR/USD 1-week historical volatility is back below 7.0, confirming markets' extra caution in dealing with Trump's tariff announcements. By comparison, this peaked at 20 in April, and was above 9.0 only a couple of weeks ago, ING's FX analyst Francesco Pesole notes.
Forex Today: Trump tariff letters keep markets on edge
Here is what you need to know on Thursday, July 10:
FOMC minutes back two cuts view - OCBC
On FOMC minutes, while it reflected a divided committee as expected, key quotes include the following, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/BRL holds ground near 5.60 after rising sharply due to Trump's 50% tariff on Brazil
USD/BRL remains stronger after registering approximately 2.5% gains in the previous session, trading around 5.60 during the European hours on Thursday.
EUR/USD appreciates within range as the market digests Trump latest tariff threats
The EUR/USD pair advances on Thursday with a moderate risk appetite returning to the markets.
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