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EUR/USD: Is Powell going to become a 'lame duck' now? - Commerzbank
Many years ago, EUR/USD was at 1.18, and that now, many years later, it is only a few cents lower, Commerzbank's FX analyst Michael Pfister notes.
USD/CHF dips to 14-year lows below 0.8035 amid broad-based Dollar weakness
The Swiss Franc rallies further on Thursday reaching levels not seen since October 2021.
Silver Price Forecast: XAG/USD moves below $36.50, targets nine-day EMA support
Silver price (XAG/USD) edges lower after registering nearly 1% in the previous day, trading around $36.40 per troy ounce during the early European hours on Thursday.
EUR/CAD rises to near 1.6050, marks fresh seven-year highs
EUR/CAD continues its winning streak that began on June 16, trading around 1.6040 during the early European hours on Thursday. The currency cross has marked 1.6052, the new high since March 2018, with the Euro (EUR) receiving support amid improving risk appetite.
Forex Today: US Dollar drops to multi-year lows ahead of mid-tier data
Here is what you need to know on Thursday, June 26:
EUR/USD rallies to fresh multi-year highs as Trump threatens Fed independence
The EUR/USD appreciates on Thursday for its sixth consecutive day and is trading near the 1.1700 area at the time of writing, at its highest levels since September 2021.
US Dollar Index (DXY) hits fresh three-year lows near 97.00 on Trump's attacks on Powell
The US Dollar is trading lower for the sixth consecutive day on Thursday, as Trump's attacks on Fed Chairman Jerome Powell have undermined confidence in the US central bank and revived the "Sell America" trade.
Pound Sterling extends upside as Trump looks for Fed Powell's successor
The Pound Sterling (GBP) extends its winning streak against the US Dollar (USD) for the fourth consecutive trading day on Thursday, refreshing an over three-year high at around 1.3725 at the time of writing.
WTI trades higher near $65.00 as US crude stocks indicate strong demand
West Texas Intermediate (WTI) Oil price halts its three-day losing streak, trading around $64.90 per barrel during the Asian hours on Thursday. Crude Oil prices edge higher as a larger-than-expected draw in United States (US) crude stocks, which signaled firm demand.
NZD/USD Price Forecast: Extends winning streak for fourth trading day
The NZD/USD pair extends its winning streak for fourth trading day on Thursday, rises to near 0.6065.
GBP/JPY Price Forecast: Keeps bullish vibe, first upside target emerges near 198.50
The GBP/JPY cross attracts some sellers to near 197.85 during the early European session on Thursday. The Pound Sterling (GBP) softens against the Japanese Yen (JPY) amid the dovish remarks from the Bank of England (BoE).
EUR/GBP loses ground below 0.8550 ahead of BoE's Bailey speech
The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England's (BoE) Governor Andrew Bailey speech later on Thursday.
USD/CNH Price Forecast: Seems vulnerable near YTD low, around 7.1600 amid a bearish USD
The USD/CNH pair attracts fresh sellers following the previous day's modest uptick and touches a fresh year-to-date low, around the 7.1525 area during the Asian session on Thursday. Moreover, a bearish technical setup backs the case for further near-term depreciation for spot prices.
USD/CAD Price Forecast: Wobbles around 20-day EMA
The USD/CAD pair ticks down to near 1.3718 during Asian trading hours on Thursday. The Loonie pair trades slightly lower, while the US Dollar (USD) declines sharply as United States (US) President Donald Trump has reiterated threats to fire Federal Reserve (Fed) Chair Jerome Powell.
FX option expiries for Jun 26 NY cut
FX option expiries for Jun 26 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver Price Forecast: XAG/USD edges higher above $36.00 on softer US Dollar, rising demand
The Silver price (XAG/USD) attracts some buyers to around $36.35 during the early European session on Thursday, bolstered by a weaker US Dollar (USD). Traders will take more cues from the final US Q1 GDP Growth Rate and Fedspeak later on Thursday.
USD/INR gains at open as Trump's attack on Fed's autonomy batters US Dollar
The Indian Rupee (INR) opens higher at around 85.85 against the US Dollar (USD) on Thursday.
AUD/JPY Price Forecast: Hovers around 94.50, finds initial support at nine-day EMA
AUD/JPY inches lower after registering over 0.50% gains in the previous session, trading around 94.50 during the Asian hours on Thursday.
USD/CHF languishes near its lowest level since September 2011, below mid-0.8000s
The USD/CHF pair remains depressed for the fourth consecutive day and touches a fresh low since September 2011, around the 0.8025 region during the Asian session on Thursday.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
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