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Euro: Bullish bias builds above key support against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has broken above prior resistance, with rapid gains seen up to 1.1482. Intraday, the pair is seen capable of testing 1.1490 while staying below significant resistance at 1.1520.
Fxstreet
Thu, Jul 16
USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern
The US Dollar (USD) holds marginal losses against the Japanese Yen (JPY) at Thursday’s European session opening, and approaches the 162.00 area at the time of writing. Recent price action shows a sequence of lower highs and higher lows, forming a triangle pattern.
Fxstreet
Thu, Jul 16
Indian Rupee extends decline amid elevated oil prices
The Indian Rupee (INR) opens lower against the US Dollar (USD), extending its losing streak for the third trading day on Thursday. The USD/INR pair rises to near 96.32 as elevated crude oil prices have renewed fears of higher foreign outflows.
Fxstreet
Thu, Jul 16
Euro consolidates near four-week top, above mid-1.1400s amid mixed Fed cues, geopolitics
The EUR/USD pair holds steady above the 1.1450 level during the Asian session on Thursday and consolidates its strong gains registered over the past two days, to the highest level since June 18.Fxstreet
Thu, Jul 16
AUD/JPY Price Forecast: Declines below 113.50, while maintaining bullish near‑term structure
The AUD/JPY cross trades in negative territory around 113.45 during the early European trading hours on Thursday. Verbal intervention from Japanese authorities provides some support to the Japanese Yen (JPY) against the Australian Dollar (AUD).
Fxstreet
Thu, Jul 16
South Korean Won edges up against US Dollar as BoK hikes interest rates
The South Korean Won (KRW) reflects broader strength against the US Dollar (USD) as the Bank of Korea (BoK) delivers its first interest rate hike in three-and-a-half years, raising rates by 25 basis points (bps) to 2.75%.Fxstreet
Thu, Jul 16
EUR/JPY Price Forecast: Positions near ascending triangle top around 186.00
EUR/JPY depreciates after three days of gains, trading around 185.90 during the Asian hours on Thursday. The currency cross is retaining a constructive bullish bias as it holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Thu, Jul 16
Silver Price Forecast: XAG/USD falls to near $57.00 amid Middle East tensions
Silver price (XAG/USD) extends its losses for the second successive day, trading around $57.00 per troy ounce during the Asian hours on Thursday. The price of the non-yielding white metal faces significant challenges as rising US-Iran tensions boost oil prices and spark fresh inflation concerns.Fxstreet
Thu, Jul 16
British Pound weakens below 1.3550 on renewed US strikes on Iran
The GBP/USD pair declines to near 1.3530 during the early Asian session on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) as renewed conflict and shipping disruptions in the Strait of Hormuz have reignited energy-driven inflation risks.Fxstreet
Thu, Jul 16
New Zealand Dollar drops as Middle East conflict escalates
NZD/USD inches lower after two days of gains, trading around 0.5840 during the Asian hours on Thursday. Traders are adopting a highly cautious stance ahead of Friday’s looming June food inflation data, which follows a sharp acceleration in figures back in May.
Fxstreet
Thu, Jul 16
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