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USD/CHF Stalls Below 0.8000 as Bullish Momentum Persists
The USD/CHF pair is trading marginally lower on Tuesday but remains near two-month highs, with bulls unable to breach the 0.8000 psychological resistance. Downside attempts are contained above 0.7965, suggesting the bullish bias remains intact.
Silver Holds Above $68.50 Despite Persistent Bearish Bias
Silver (XAG/USD) extended gains for a second day, trading near $68.60, but remains below key moving averages, keeping near-term bias bearish.
UOB: AUD/USD Faces Gradual Downside Toward 0.7000
UOB analysts Quek Ser Leang and Lee Sue Ann expect AUD/USD to remain under pressure, targeting a gradual decline toward 0.7000. They see intraday stabilization between 0.7015 and 0.7065.
BoJ Signals Possible Intervention as USD/JPY Rises
The Bank of Japan is monitoring the yen's weakness and has reiterated its readiness to intervene to prevent further depreciation, while USD/JPY continues to rise.
GBP/JPY Rises to 214.00 but Remains Vulnerable
The British Pound posted moderate gains against the Japanese Yen on Tuesday, reaching 214.00, supported by improved risk sentiment, though analysts warn the pair remains fragile.
DXY Forecast: 20-Day EMA Holds Bullish Despite Minor USD Weakness
The US Dollar Index saw slight selling in European trading on Tuesday as renewed hopes for a US-led deal emerged, but the rising 20-day exponential moving average keeps the near-term bias bullish.
Commerzbank: Russian Ruble's Oil-Driven Gains May Fade by Year-End
Commerzbank analyst Tatha Ghose warns that recent ruble support from high oil prices is likely to diminish towards year-end, while the central bank has adjusted EUR/RUB pricing methodology amid thin hard-currency trading.
GBP/USD Holds Near 1.3375 Amid Sideways Triangle Pattern
GBP/USD trades 0.26% higher at 1.3375 during European hours, with the dollar weakening on potential US-Iran deal news. The overall trend remains sideways as a triangle formation develops.
USD/JPY May Weaken to 160.75 – UOB Analysts
UOB analysts Quek Ser Leang and Lee Sue Ann see USD/JPY range-bound intraday between 159.90 and 160.40 but maintain a slightly positive multi-day outlook, with potential to weaken toward 160.75.
USD/CAD Eases from 1.3960 Highs, Bullish Trend Intact
The US Dollar eased against the Canadian Dollar on Tuesday, pulling back from near the year-to-date peak of 1.3960, while the broader bullish trend remains in place.
Euro Holds Losses Against Pound Despite Stronger German Industrial Production
The EUR/GBP cross remains near 0.8640 during early European trading on Tuesday, with the Euro staying weak against the British Pound despite stronger-than-expected German Industrial Production data.
EUR/USD Hits Two-Month Low Near 1.1500 as Yields Swing – Danske Bank
EUR/USD briefly touched a new two-month low near 1.1500 before retracing slightly. Danske Bank analysts attribute the move to concurrent V-shaped swings in global yields.
Silver Trades with Caution Around $68 Ahead of US CPI Data
Silver price (XAG/USD) edges lower near $67.90 during European trading as investors await the US CPI data for May.
BoJ Expected to Raise Rate to 1.0% in June, Nikkei Reports
The Bank of Japan is widely expected to raise its short-term policy rate from 0.75% to 1.0% at its June 15–16 meeting, according to a Nikkei report.
EUR/USD Strengthens Toward 1.1550 on ECB Hawkish Bets
The euro edged higher against the dollar in early European trade Tuesday, supported by expectations of further ECB rate hikes. Traders are now awaiting US CPI data for fresh directional cues.
USD/JPY Holds Above 160.00 as Yen Stays Near One-Month Low, Intervention Risks Loom
The Japanese yen remains near a one-month low against the US dollar, with USD/JPY trading above the 160.00 mark despite a weaker greenback. Traders are cautious amid persistent intervention risks from Japanese authorities.
Indian Rupee Rebounds as Oil Prices Slump on Iran-Israel Truce
The Indian Rupee strengthened against the US Dollar on Tuesday morning after a sharp drop the previous day, driven by a decline in oil prices following reports of a ceasefire between Israel and Iran.
EUR/JPY Strengthens Above 184.50 as Hawkish ECB Supports Euro
EUR/JPY trades around 184.85, maintaining a bullish tone as the European Central Bank’s hawkish stance underpins the euro. The cross holds above 184.50 despite intervention risks.
EUR/USD Could Head Towards 1.1600 as Dollar Index Fails to Hold 100
The Dollar Index retreats below 100 after failing to sustain above that level, while EUR/USD bounces and may target 1.1600 or higher. EUR/INR remains bearish below 111, and EUR/JPY could test 186.
NZD/USD Steadies Above 0.5800 as Neutral Bias Prevails
The New Zealand Dollar holds above 0.5800 for a second day, with technical analysis showing a rectangle pattern indicating consolidation.
AUD/JPY Gains as China Trade Surplus Beats Expectations
The AUD/JPY cross edged up to around 112.90 during Asian hours after China's trade balance came in larger than forecast, lending support to the Australian dollar. Traders remain watchful for possible Japanese intervention.
Gold Rebounds from Three-Month Lows but Caution Remains
Gold (XAU/USD) has bounced from three-month lows of $4,269 but remains under pressure, trading above $4,300 in Asian session.
Australian Dollar Steady Despite Strong China Trade Balance Data
The Australian Dollar trades flat around 0.7050, consolidating after China reported a stronger-than-expected trade surplus for May.
Swiss Franc Steadies as USD Weakens on Iran-Israel Ceasefire Hopes
USD/CHF edged lower to around 0.7970 on Tuesday, extending losses after two days of gains, as a potential ceasefire between Iran and Israel reduced safe-haven demand for the US dollar.