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Forex Today: The Fed is largely expected to stand pat

The US Dollar (USD) extended further its march north on Tuesday, reaching new multi-week highs on the back of rising scepticism surrounding the trade scenario, while investors geared up for the imminent interest rate decision by the Federal Reserve and, later in the week, the publication of the cruc

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Canadian Dollar continues to slide ahead of Fed rate call

The Canadian Dollar (CAD) extended into a fourth straight day of losses against the US Dollar (USD) on Tuesday, continuing a Greenback-positive theme in the run-up to the latest interest rate call from the Federal Reserve (Fed).

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Gold Price Forecast: XAU/USD tests 50-day EMA support, focus shifts to Fed

Gold (XAU/USD) steadies on Tuesday, halting a four-day slide after dipping to a near three-week low around $3,300 on Monday.

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GBP/USD slips to 10-week low as JOLTS miss offsets Fed caution

GBP/USD registers modest losses of over 0.10% on Tuesday after jobs data in the United States (US) showed signs of cooling, according to the Job Openings and Labor Turnover Survey (JOLTS).  The Federal Reserve (Fed) has begun its two-day monetary policy meeting, which will end on July 30.

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Gold selling exhaustion nears as CTA pressure fades - TDS

Gold is showing signs of selling exhaustion, with CTA selling pressure largely behind and discretionary shorts nearing saturation. With key downside triggers well below current levels, positioning points to a potential rebound in the days ahead, TDS' Senior Commodity Strategist Daniel Ghali notes.

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Euro extends losses as US-EU trade pact fuels US Dollar demand, Fed decision in focus

The Euro (EUR) edges lower for the second straight day against the US Dollar (USD) on Tuesday, as the Greenback extended its rally following the US-EU trade agreement, which has faced heavy criticism across Europe for being one-sided and heavily skewed in favor of the United States (US).

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US CB Consumer Confidence Index rose to 97.2 in July

US consumer sentiment picked up extra pace in July, as the Conference Board's Consumer Confidence Index increased to 97.2 from a revised 95.2, adding to the previous recovery.

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Lutnick: Deals are on the table for Trump to consider

US Commerce chief Howard Lutnick stated on Tuesday that President Trump is set to make his trade deal decisions this week, despite ongoing negotiations with China and the European Union, ahead of the August 1 deadline.

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EUR/GBP weakens as US-EU trade deal backlash weighs on Euro sentiment

The Euro (EUR) continues to weaken against the British Pound (GBP) for a second consecutive day on Tuesday, dragged down by rising backlash to the US‑EU trade deal announced over the weekend.

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US Dollar extends trade-driven rally as markets await key US economic data

The US Dollar (USD) is holding firm on Tuesday after posting its strongest single-day gain since May, rallying 1.0% on Monday. The rally came after the United States (US) and European Union (EU) announced a major trade deal framework on Sunday.

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JPY quiet at range low ahead of BoJ later in week - Scotiabank

The Japanese Yen (JPY) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it consolidates its recent decline to the lower end of its multi-month range, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

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GBP flat and also attempting stabilization - Scotiabank

The Pound Sterling (GBP) is entering Tuesday's NA session unchanged against the US Dollar (USD) as it also seeks to attempt stabilization following a recent pullback, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

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EUR steady following Monday's drop - Scotiabank

The Euro (EUR) is attempting stabilization in the mid/-upper 1.15s as it seeks to consolidate Monday's sizeable 1.3% decline against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

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USD/CNH: Expected to continue to rise - UOB Group

US Dollar (USD) is expected to continue to rise against Chinese Yuan (CNH); the major resistance at 7.1910 could be out of reach for now.

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CAD retains a soft undertone - Scotiabank

The Canadian Dollar (CAD) is little changed on the session but retains a soft undertone after spending most of the week so far on the back foot against the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

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USD/JPY: 149.20 is unlikely to come under threat - UOB Group

US Dollar (USD) could advance further against Japanese Yen (JPY); the major resistance at 149.20 is unlikely to come under threat. In the longer run, price action indicates that USD could rise toward 149.20, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD advance shows signs of stalling - Scotiabank

The US Dollar (USD) has seen a solid advance so far this week as trade deals, or at least their outlines, are reached and US/China trade talks resume.

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USD/CAD jumps to near 1.3750, investors await Fed's and BoC's monetary policy outcome

The USD/CAD pair extends its winning streak for the fourth trading day on Tuesday, rising to near 1.3755.

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Gold is slipping - Commerzbank

The price of Gold has slipped further in light of the preliminary resolution of the trade dispute between the EU and the US, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.

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NZD/USD might not be able to reach 0.5940 - UOB Group

New Zealand Dollar (NZD) could decline further against US Dollar (USD), but it might not be able to reach 0.5940. In the longer run, upward momentum has faded; tentative increase in downward momentum may lead to NZD declining to 0.5940, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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