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NZD/USD: Might extend to 0.6070 before a pause - UOB Group
Rally in New Zealand Dollar (NZD) could extend to 0.6070 before a pause can be expected against US Dollar (USD); major resistance at 0.6095 is likely out of reach for now.
Gold and Silver up significantly - Commerzbank
The Gold price rose by 2.8% to $3,380 per troy ounce at the start of the week, Commerzbank's FX analyst Michael Pfister notes.
AUD/USD to test 0.6510 before leveling off - UOB Group
Sharp rise appears excessive, but there is room for Australian Dollar (AUD) to test 0.6510 before leveling off. In the longer run, price action suggests AUD could continue to rise and test the significant resistance level at 0.6540, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD draws closer to 1.3500 following BoE Bailey's comments
The Pound is drifting lower on Tuesday, approaching the 1.3500 level.
OPEC+ increases Oil production substantially again, but Oil prices rise nonetheless - Commerzbank
The eight OPEC+ countries with voluntary production cuts decided at the weekend to increase Oil production by 411 thousand barrels per day in July. This was the third such production increase in a row.
GBP/USD: A sustained advance can be expected above 1.3600 - UOB Group
Strong momentum suggests further Pound Sterling (GBP) strength against US Dollar (USD), even though it is unclear if this will be sufficient for a break above 1.3600.
Is the Fed really to blame for the weak USD? - Commerzbank
The reason for the significant strengthening of the US Dollar (USD) in September, when Donald Trump's second term in office was approaching, was obvious.
BoE's Dhingra: Supply chain data points more clearly to disinflation than noisy wage data
Bank of England (BoE) policymaker Swati Dhingra is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Bailey speech: Key factors for May rate decision were domestic, not tariffs
Bank of England (BoE) Governor Andrew Bailey is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
BoE's Mann: Voted to hold rates in May as labor market had not loosened as much I expected in Feb
Bank of England (BoE) policymaker Catherine Mann is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
BoE's Bredeen: Future policy decisions require certainty that inflation is on track
Bank of England (BoE) Deputy Governor Sarah Breeden is testifying on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
Gold jumps amid renewed trade concerns - ING
Gold prices jumped Monday as renewed trade concerns and heightened geopolitical tensions supported the metal's haven appeal, ING's commodity experts Ewa Manthey and Warren Patterson note.
AUD/JPY drops to near 92.00 following cautious remarks by RBA's Hunter
AUD/JPY depreciated by approximately 0.50%, trading around 92.20 during the European hours on Tuesday. The currency cross loses ground as the Australian Dollar (AUD) falls following the release of the Reserve Bank of Australia's (RBA) Meeting Minutes.
EUR/CHF rebounds from 0.9250/0.9210 support zone - Société Générale
EUR/CHF is showing signs of hesitation after rebounding from key support near last year's lows. While a short-term floor has formed, the pair's inability to reclaim the 200-DMA suggests limited upside traction and leaves the door open to further downside risk, Société Générale's FX analysts note.
BoJ's Ueda: Many trade negotiations with US still going on, uncertainty remains high
Bank of Japan (BoJ) Governor Kazuo Ueda is back on the wires, via Reuters, commenitng on the impact of US tariffs on the economic and inflation outlook.
GBP/JPY Price Forecast: Potential double top at the 196.40 area
The Pound is trading lower for the fourth consecutive day against a stronger Yen, favoured by the frail market sentiment, and hawkish comments by BoJ Governor Ueda, which keep hopes of further rate hikes alive.The BoJ's chief warned about trade uncertainty but maintained that the bank will continue
China: May PMIs reminder of high tariffs - ABN AMRO
Trade war escalation still visible in Caixin's manufacturing PMI. It's a reminder of much higher US import tariffs despite Geneva-truce. Official composite PMI picks up slightly, ABN AMRO's economist Arjen van Dijkhuizen reports
BoE's Dhingra: Would have preferred bank rate to have followed a different path
Bank of England (BoE) policymaker Swati Dhingra is speaking just ahead of her testimony on the May Monetary Policy Report (MPR) before the UK Parliament's Treasury Select Committee (TSC) on Tuesday.
EUR/USD: Outlook is revised to positive - UOB Group
Euro (EUR) is likely to rise further; overbought conditions suggest 1.1495 is out of reach for now. In the longer run, EUR outlook is revised to positive; the immediate levels to watch are 1.1495 and 1.1530, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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