Choppy range outlook against US Dollar – Rabobank
Rabobank’s Senior FX Strategist Jane Foley notes that EUR/USD recently fell below its prior 1‑month forecast of 1.15, prompting a reassessment of projections. RaboResearch has shifted its 1‑ to 12‑month forecast table moderately in favour of the Dollar but says its broader view is largely unchanged and expects EUR/USD to trade in choppy ranges around […]
Intervention risks shape Dollar pullback – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY price action, noting the pair opened near 161.78 and briefly tested the 162.84 area before reversing. The report highlights Dollar weakness after comments from Fed Chair Kevin Warsh and a softer US employment report. Despite broad Dollar selling against G10 currencies, the Yen remained relatively weak within this environment. […]
Bulls extend gains on PMI resilience – Societe Generale
Societe Generale notes that stronger-than-expected China PMI data suggest slow but steady growth, reducing urgency for the PBoC to ease policy. The bank highlights that USD/CNY has fallen back below its 50-day moving average as Yuan strength reflects robust exports supported by the global AI boom. The report also points to a higher trade-weighted CEFTS […]
Seen consolidating in range against US Dollar – Commerzbank
Commerzbank highlights that strong Singapore manufacturing and electronics PMIs underpin a constructive growth outlook, with Q2 GDP expected to exceed Q1’s 6% expansion. Against this backdrop, USD/SGD has eased slightly but remains near this year’s highs. The bank expects the pair to consolidate in a defined range rather than trend strongly in the near term. […]
Rebounds above 0.5700, bears guard 0.5750
The Kiwi Dollar clears the 0.5700 figure on Friday, clings to gains of over 0.22% against the Greenback after hitting a daily low of 0.5689. At the time of writing, the NZD/USD trades at 0.5709. NZD/USD Price Forecast: Technical outlook The NZD/USD remains technically bearish, even though interest rate probabilities suggest the Reserve Bank of […]
Range trade bias stays neutral against US Dollar – UOB
UOB’s Quek Ser Leang notes that USD/CNH has seen a slight pickup in downward momentum, but still expects the pair to remain range-bound. The bank now looks for a lower intraday band around 6.7820–6.7940, while its 1–3 week view stays neutral, with USD/CNH likely to trade between 6.7750 and 6.8080. USD/CNH seen holding defined ranges […]
US Dollar’s resilience faces Fed minutes and jobless claims
The upcoming week will bring a fresh test for major currency pairs as investors return from the US Independence Day holiday and continue to digest weaker US labor market data. The release of the last Federal Open Market Committee (FOMC) minutes and Initial Jobless Claims will test the US Dollar’s (USD) resilience. The US Dollar […]
British Pound holds weekly gains as Fed hike doubts deepen
The British Pound (GBP) steadies against the US Dollar (USD) on Friday, but it is poised to end the week with gains of over 1% as investors turn skeptical that the Federal Reserve (Fed) will raise interest rates at its September meeting. At the time of writing, the GBP/USD pair is consolidating around 1.3350, unchanged […]
Consolidation within broader band against US Dollar – UOB
UOB’s Quek Ser Leang notes that AUD/USD’s abrupt jump to 0.6943 was not sustained, leaving the pair likely to consolidate between 0.6895 and 0.6945 in the near term. For the next one to three weeks, the bank maintains a neutral stance, expecting the Australian Dollar to trade between 0.6870 and 0.6980 despite a still-negative longer-term […]
Framework guidance shift reshapes analysis – Rabobank
Rabobank strategist Michael Every highlights how Fed Chair Warsh and other major central bankers at Sintra are signalling a structural shift away from traditional forward guidance towards data-driven “framework guidance.” Every stresses that evolving AI, new inflation measures and reduced public tours could fundamentally change how central banking is conducted and how analysts interpret policy […]
