Euro – US Dollar

EUR/USD is easing toward 1.0900, stalling the previous recovery in the early European morning on Thursday. The US Dollar finds its feet, as markets turn cautious ahead of key inflation data releases from the Eurozone and the US.

If trading above 1.09096 is traded, the growth will likely continue to 1.09642.

On the other hand, if it trades below the range of 1.09096, the decline is likely to continue to 1.08201.

US Dollar – Japanese Yen

USD/JPY clings to mild losses around 145.50-45 heading into Tuesday’s European session as it prints the first daily loss in seven. The Yen pair takes clues from the upbeat Japanese statistics and the US Dollar’s retreat amid a sluggish Asian session.

If the pair continues to trade above the range of 145.220 It is likely to continue climbing to 146.147.

On the other hand, if the pair is traded below 145.220, it is expected to continue falling to 144.864.

British Pound – US Dollar

GBP/USD traders modestly higher on the day above 1.2700 in the European morning. The data from the UK showed that the Unemployment Rate rose to 4.2% in three months through June but Pound Sterling managed to hold its ground amid strong wage inflation readings.

If the pair is trading above 1.26723 it is expected to climb to the range of 1.27707. 

On the other hand, if the pair trades below 1.26723 it is expected to fall to the range 1.26298. 

US Dollar – Swiss Franc

The USD/CHF pair holds ground around 0.8782 during the early Asian session on Tuesday. The pair remains sideways after retreating from a multi-week high of 0.8827.

If the pair is trading above 0.87587 it is expected to climb to the range of 0.88057.

On the other hand, if the pair trades below 0.87587 it is expected to fall to the range of 0.87368.

Gold – US Dollar

Gold price struggles to gain any meaningful traction on Tuesday and oscillates in a narrow trading band just above the $1,900 mark. The XAU/USD remains well within the striking distance of its lowest level since July 6 touched on Monday and seems vulnerable to prolonging its downward trajectory.

If the pair is trading above 1908.82 It is expected to climb to the 1914.95 range.

on the other hand, if the pair trades below 1908.82 It is expected to fall to the range of 1895.31.

Euro – US Dollar

EUR/USD prints a two-day losing streak while falling to the fresh one-week low of around 1.0930. The Euro pair extends the previous week’s U-turn from the support-turned-resistance line stretched from late May towards breaking a short-term key support line and the 100-DMA.

If trading above 1.09644 is traded, the growth will likely continue to 1.09860.

On the other hand, if it trades below the range of 1.09644, the decline is likely to continue to 1.09239.

US Dollar – Japanese Yen

USD/JPY bulls take a breather at the highest level in a year as market players seek more clues to defend the Yen pair’s early-day run-up towards refreshing the Year-To-Date (YTD) peak amid the initial hour of Monday’s European session.

If the pair continues to trade above the range of 144.777 It is likely to continue climbing to 145.396.     

On the other hand, if the pair is traded below 144.777, it is expected to continue falling to 144.583.    

British Pound – US Dollar

The GBP/USD pair remains under pressure and trades in negative territory for the fourth consecutive week. The upbeat UK data fails to lift the Pound Sterling as investors are concerned about the possibility of a further rate hike that would impact the UK economy.

If the pair is trading above 1.26990 it is expected to climb to the range of 1.27323.

On the other hand, if the pair trades below 1.26990 it is expected to fall to the range 1.26594.

US Dollar – Swiss Franc

The USD/CHF pair remains range-bound around 0.8770 during the early Asian session on Monday. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD against six other major currencies, extends its upside just below 103.00 and traded on a weekly positive note for four weeks in a row. 

If the pair is trading above 0.87587 it is expected to climb to the range of 0.88057.

On the other hand, if the pair trades below 0.87587 it is expected to fall to the range of 0.87368.

Gold – US Dollar

Gold enters a bearish consolidation phase and seesaws between tepid gains/minor losses just above the $1,910 level, or the lowest since July 7 touched during the Asian session. The fundamental backdrop seems tilted in favor of bearish traders.

If the pair is trading above 1915.44 It is expected to climb to the 1918.98 range.

on the other hand, if the pair trades below 1915.44 It is expected to fall to the range of 1906.40

EURUSD

EUR/USD is trading close to 1.0900, holding lower ground in early Europe. The main currency pair is facing selling pressure as the market mood turns cautious and underpins the safe-haven US Dollar. Thin trading to extend on the US Independence Day.

 If the pair continues the uptrend to the range of 1.0942, it is expected to continue the uptrend to the range of 1.0970.

On the other hand, If the pair continues the downtrend to the range of 1.0878, it is expected to continue the downtrend to the range of 1.0842.

USDJPY

USD/JPY is trading on the back foot around 144.50 after the Japanese Yen received some respite on the verbal intervention from the country’s top currency diplomat Kanda. The downside appears limited amid the BoJ-Fed policy divergence and ahead of key US data.

if the pair continues the uptrend to the range of 145.06, it is expected to continue the uptrend to the range of 145.98.

On the other hand, If the pair continues the downtrend to 143.61, it is expected to continue the downtrend to 143.22.   

GBPUSD

GBP/USD is hovering around the 1.2700 level, struggling for a clear direction in the European morning. Fears of recession and the US-China tussle put a floor under US Dollar, weighing on the major. Traders are likely to stay on the sidelines on the US Independence Day.

If the pair continues the uptrend to the range of 1.2755, it is expected to continue the uptrend to the range of 1.2787.

On the other hand, if the pair continues the downtrend to 1.2659, it is expected to continue the downtrend to 1.2595.

AUDUSD

AUD/USD has come under fresh selling pressure and trades below 0.6650 after the Reserve Bank of Australia (RBA) left the Official Cash Rate (OCR) unchanged at 4.10%, disappointing the hawks. The RBA, however, left doors open for further tightening later this year.

If the pair continues the uptrend to the range of 0.6698, it is expected to continue the uptrend to the range of 0.6722.        

On the other hand, if the pair continues the downtrend to 0.6667, it is expected to continue the downtrend to 0.6643.

XAUUSD

Gold Price (XAU/USD) stays on the front foot for the fourth consecutive day despite lacking upside momentum around $1,923 heading into Tuesday’s European session.

If the pair continues the uptrend to the range 1941.93, it is expected to continue the uptrend to the range of 1952.78.

On the other hand, if gold continues the downtrend to the range of 1910.82, it is expected to continue the downtrend to the range 1899.97.

EURUSD

EUR/USD is holding steady above 1.0900, defending the latter ahead of the European Open. The pair is looking for a fresh directional impetus amid thin trading conditions and ahead of the Eurozone final PMIs and the top-tier US ISM Manufacturing PMI.

 If the pair continues the uptrend to the range of 1.0950, it is expected to continue the uptrend to the range of 1.0990.

On the other hand, If the pair continues the downtrend to the range of 1.0853, it is expected to continue the downtrend to the range of 1.0796.

USDJPY

USD/JPY seesaws around 144.60 as it seeks fresh clues to defend intraday gains amid a sluggish start to another key trading week. The Yen pair reverses the previous day’s retreat from the highest levels since November 2022 amid mixed risk catalysts and downbeat Japan data.

if the pair continues the uptrend to the range of 145.39, it is expected to continue the uptrend to the range of 145.72.

On the other hand, If the pair continues the downtrend to 144.00, it is expected to continue the downtrend to 143.67.  

GBPUSD

GBP/USD remains confined in a narrow trading band through the Asian session on Monday. Bets for more Fed rate hikes help revive the USD demand and cap the upside for the major. The BoE’s aggressive tightening fuel recession fears and also act as a headwind for the GBP.

If the pair continues the uptrend to the range of 1.2748, it is expected to continue the uptrend to the range of 1.2801.

On the other hand, if the pair continues the downtrend to 1.2621, it is expected to continue the downtrend to 1.2547.

AUDUSD

AUD/USD bulls struggle around the intraday high of near 0.6665-70 as a short-term key upside hurdle prods the risk-barometer pair’s three-day winning streak amid early Monday in Europe. The Aussie pair justifies the trader’s anxiety ahead of Tuesday’s Reserve Bank of Australia (RBA) Interest Rate Decision.

If the pair continues the uptrend to the range of 0.6687, it is expected to continue the uptrend to the range of 0.6714.        

On the other hand, if the pair continues the downtrend to 0.6618, it is expected to continue the downtrend to 0.6576.

XAUUSD

Gold Price struggles to extend late last week’s corrective bounce off the three-month low as market players await top-tier data events. Also acting as trading filters for the XAU/USD are mixed concerns about the US Treasury Secretary Janet Yellen’s China visit.

If the pair continues the uptrend to the range 1928.38, it is expected to continue the uptrend to the range of 1936.69.

On the other hand, if gold continues the downtrend to the range of 1906.17, it is expected to continue the downtrend to the range 1892.27.

EURUSD

EUR/USD is moving back and forth around 1.0950 in the early European morning. The pair is struggling to find direction as investors are awaiting speeches from Fed Chair Powell and ECB President Lagarde for fresh guidance on interest rates.

 If the pair continues the uptrend to the range of 1.0991, it is expected to continue the uptrend to the range of 1.1022.

On the other hand, If the pair continues the downtrend to the range of 1.0916, it is expected to continue the downtrend to the range of 1.0872.

USDJPY

USD/JPY buyers lack upside momentum during early Wednesday as the Yen pair seesaws near 144.00, printing mild losses heading into the European session. The quote’s latest performance appears interesting as it stays within the weekly rising wedge bearish chart formation while making rounds to the highest levels since November 2022.

if the pair continues the uptrend to the range of 144.72, it is expected to continue the uptrend to the range of 145.28.

On the other hand, If the pair continues the downtrend to 143.52, it is expected to continue the downtrend to 142.96.  

GBPUSD

GBP/USD is trading under pressure, heading toward 1.2700 in early Europe. The pair is undermined by an extended US Dollar rebound and a cautious risk tone, as traders remain on the sidelines ahead of key speeches from Fed Chair Powell and BoE Governor Bailey.

If the pair continues the uptrend to the range of 1.2771, it is expected to continue the uptrend to the range of 1.2794.

On the other hand, if the pair continues the downtrend to 1.2682, it is expected to continue the downtrend to 1.2659.

AUDUSD

AUD/USD is consolidating losses near 0.6650, having hit three-week lows after the Australian CPI rose 5.6% YoY in May vs. 6.1% expected. Softer-than-expected Australian inflation data fanned RBA rate hike pause bets. Focus shifts to Powell’s speech.

If the pair continues the uptrend to the range of 0.6663, it is expected to continue the uptrend to the range of 0.6692.        

On the other hand, if the pair continues the downtrend to 0.6610, it is expected to continue the downtrend to 0.6598.

XAUUSD

Gold price stays defensive as traders struggle within jungle to technical levels ahead of key ECB Forum speeches. Upbeat US data, fears of Sino-American tussle prod XAU/USD bulls. Receding fears of recession in US, China allow Gold buyers to remain hopeful.

If the pair continues the uptrend to the range 1926.02, it is expected to continue the uptrend to the range of 1938.29.

On the other hand, if gold continues the downtrend to the range of 1898.65, it is expected to continue the downtrend to the range 1886.38.

EURUSD

EUR/USD is holding ground above 1.0900, as bulls look to a bunch of ECB policymakers and the US data to defend the previous rebound in Tuesday’s Asian session. The pair is on the front foot, as the US Dollar struggles amid a risk-on market mood.

 If the pair continues the uptrend to the range of 1.0953, it is expected to continue the uptrend to the range of 1.0988.

On the other hand, If the pair continues the downtrend to the range of 1.0904, it is expected to continue the downtrend to the range of 1.0889.

USDJPY

The USD/JPY pair is demonstrating back-and-forth action around 143.50 in the early European session. The asset is expected to deliver a strong upside above 144.00 as investors are hoping that the Bank of Japan (BoJ) will continue to keep the monetary policy dovish in order to attain sustainable 2% inflation.

if the pair continues the uptrend to the range of 143.84, it is expected to continue the uptrend to the range of 144.61.

On the other hand, If the pair continues the downtrend to 143.07, it is expected to continue the downtrend to 142.62. 

GBPUSD

GBP/USD is advancing toward 1.2750, showing some resilience in the European morning this Tuesday. The pair is underpinned by the upbeat market mood and a broadly subdued US Dollar performance. All eyes are now on US Durable Goods and housing data.

If the pair continues the uptrend to the range of 1.2777, it is expected to continue the uptrend to the range of 1.2805.

On the other hand, if the pair continues the downtrend to 1.2716, it is expected to continue the downtrend to 1.2683.

AUDUSD

AUD/USD is edging higher to regain the 0.6700 level in Tuesday’s Asian trading. The US Dollar is losing ground amid an improving risk sentiment, as traders await top-tier US economic and Fedspeak. The Aussie also tracks the Yuan fix after the PBOC set it higher.

If the pair continues the uptrend to the range of 0.6742, it is expected to continue the uptrend to the range of 0.6822.        

On the other hand, if the pair continues the downtrend to 0.6705, it is expected to continue the downtrend to 0.6690.

XAUUSD

Gold clings to mild gains around the intraday high as it prints a three-day winning streak amid cautiously optimistic markets. The precious metal cheers the US Dollar’s positioning for the key data, as well as the risk-positive headlines from China, amid dicey trading hours on Tuesday.

If the pair continues the uptrend to the range 1930.87, it is expected to continue the uptrend to the range of 1943.46.

On the other hand, if gold continues the downtrend to the range of 1918.28, it is expected to continue the downtrend to the range 1905.69.

EURUSD

EUR/USD is hovering around 1.0900 at the start of the new trading week on Monday. The pair is holding last week’s corrective downside, allowing traders to take a sigh of relief amid a broad US Dollar retreat. Focus shifts to Germany’s IFO survey for fresh trading impetus.

 If the pair continues the uptrend to the range of 1.0960, it is expected to continue the uptrend to the range of 1.1028.

On the other hand, If the pair continues the downtrend to the range of 1.0835, it is expected to continue the downtrend to the range of 1.0778.

USDJPY

USD/JPY rebounds from intraday low but fails to gain upside momentum around 143.50 during early Monday. In doing so, the Yen pair prints the first daily loss in three while retreating from the highest levels since November 2022.

if the pair continues the uptrend to the range of 144.14, it is expected to continue the uptrend to the range of 145.25.

On the other hand, If the pair continues the downtrend to 142.34, it is expected to continue the downtrend to 141.92.   

GBPUSD

GBP/USD keeps the late Friday’s corrective bounce off the short-term key support line near 1.2730 amid early Monday in London. In doing so, the Pound Sterling cheers the broad US Dollar retreat during sluggish markets with mixed catalysts.

If the pair continues the uptrend to the range of 1.2789, it is expected to continue the uptrend to the range of 1.2823.

On the other hand, if the pair continues the downtrend to 1.2683, it is expected to continue the downtrend to 1.2649.

AUDUSD

The AUD/USD pair attracts some buying on the first day of a new week and recovers a part of Friday’s heavy losses to its lowest level since June 8. Spot prices climb back closer to the 0.6700 round-figure mark during the Asian session, though the uptick lacks bullish conviction.

If the pair continues the uptrend to the range of 0.6703, it is expected to continue the uptrend to the range of 0.6742.  

On the other hand, if the pair continues the downtrend to 0.6637, it is expected to continue the downtrend to 0.6598.

XAUUSD

Gold struggles to defend the corrective bounce off a three-month low marked in the last week, retreating from intraday top of late, amid mixed concerns about Russia and China.

If the pair continues the uptrend to the range 1935.44, it is expected to continue the uptrend to the range of 1950.08.

On the other hand, if gold continues the downtrend to the range of 1908.17, it is expected to continue the downtrend to the range 1895.54.

EURUSD

EUR/USD is extending the overnight correction from six-week highs above 1.1000, drifting toward 1.0900 early Friday.  The Fed’s hawkish outlook and the risk-off impulse continue to underpin the safe-haven buck. EU and US PMIs in focus.

 If the pair continues the uptrend to the range of 1.0995, it is expected to continue the uptrend to the range of 1.1034.

On the other hand, If the pair continues the downtrend to the range of 1.0871, it is expected to continue the downtrend to the range of 1.0793.

USDJPY

USD/JPY makes rounds to 143.00 amid a lackluster Friday morning in Europe, after refreshing the yearly top the previous day. In doing so, the Yen pair pauses the previous two-day uptrend amid an overbought RSI (14) line. Adding strength to the quote’s latest inaction could be the cautious mood ahead of the US PMIs and fears of the US recession.

if the pair continues the uptrend to the range of 144.27, it is expected to continue the uptrend to the range of 145.31.

On the other hand, If the pair continues the downtrend to 142.65, it is expected to continue the downtrend to 142.07

GBPUSD

GBP/USD is consolidating losses above 1.2700 after the UK Retail Sales for May beat estimates with 0.3% MoM. The pair is on the back foot amid ongoing US Dollar recovery and broad risk aversion ahead of the UK and US Preliminary Manufacturing and Services PMI data.

If the pair continues the uptrend to the range of 1.2767, it is expected to continue the uptrend to the range of 1.2809.

On the other hand, if the pair continues the downtrend to 1.2665, it is expected to continue the downtrend to 1.2605.

AUDUSD

AUD/USD is falling toward 0.6700, changing course after the Australian S&P Global PMIs for June came in mixed data early Friday. The pair is losing ground, as the US Dollar is extending its recovery amid intensifying risk-off flows on global economic concerns. Focus on US PMIs, Fedspeak.

If the pair continues the uptrend to the range of 0.6708, it is expected to continue the uptrend to the range of 0.6732.        

On the other hand, if the pair continues the downtrend to 0.6671, it is expected to continue the downtrend to 0.6604.

XAUUSD

Gold price remains on the way to posting the biggest weekly loss since late January as the US Dollar cheers the market’s risk-off mood, as well as the hawkish Federal Reserve (Fed) concerns. Central banks bolster recession woes and underpin US Dollar run-up, weighing on XAU/USD.

If the pair continues the uptrend to the range 1928.47, it is expected to continue the uptrend to the range of 1943.07.

On the other hand, if gold continues the downtrend to the range of 1905.87, it is expected to continue the downtrend to the range 1897.87.

EURUSD

The EUR/USD pair is demonstrating a non-directional performance above the round-level support of 1.0900 in the Asian session. The major currency pair is following the footprints of the sideways US Dollar Index (DXY), which is expected to provide action after Federal Reserve (Fed) chair Jerome Powell’s testimony.

 If the pair continues the uptrend to the range of 1.0945, it is expected to continue the uptrend to the range of 1.0972.

On the other hand, If the pair continues the downtrend to the range of 1.0892, it is expected to continue the downtrend to the range of 1.0866.

USDJPY

USD/JPY regains upside momentum, after reversing from the yearly top the previous day, as it makes rounds to the intraday high of around 141.75 heading into Wednesday’s European session. The Yen pair cheers the latest breakout of an immediate resistance line stretched from the yearly top marked on Monday.

if the pair continues the uptrend to the range of 142.66, it is expected to continue the uptrend to the range of 143.08.

On the other hand, If the pair continues the downtrend to 141.02, it is expected to continue the downtrend to 140.60.      

GBPUSD

GBP/USD gained traction and advanced toward 1.2800 with the initial reaction to the UK inflation data, which showed that the Consumer Price Index (CPI) rose 8.7% on a yearly basis in May, matching April’s increase and surpassing the market expectation of 8.4%.

If the pair continues the uptrend to the range of 1.2810, it is expected to continue the uptrend to the range of 1.2855.

On the other hand, if the pair continues the downtrend to 1.2717, it is expected to continue the downtrend to 1.2669.

AUDUSD

AUD/USD is catching a fresh bid, bouncing toward 0.6800 in Wednesday’s Asian session. The Aussie is benefiting from a pause in the US Dollar uptick as the market gears up for the bi-annual testimony of Fed Chair Jerome Powell. Fresh US-China woes could cap the upside in the pair.

If the pair continues the uptrend to the range of 0.6799, it is expected to continue the uptrend to the range of 0.6845.        

On the other hand, if the pair continues the downtrend to 0.6742, it is expected to continue the downtrend to 0.6696.

XAUUSD

Gold price fades two-day-old bearish bias as it recovers from the intraday low amid the full market’s return. Even so, the yellow metal appears indecisive as a whole amid the mixed catalysts surrounding the US Fed and China, as well as the market’s inaction.

If the pair continues the uptrend to the range 1952.23, it is expected to continue the uptrend to the range of 1968.07.

On the other hand, if gold continues the downtrend to the range of 1913.99, it is expected to continue the downtrend to the range 1898.15.