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EUR/JPY Price Forecast: Steadies above 185.00, moving averages following ZEW Survey data
EUR/JPY pares its daily losses, still remaining in the negative territory and trading around 185.10 during the European hours on Tuesday. The currency cross remains steady following the release of the German ZEW Survey data.
Fxstreet
Tue, May 12
British Pound: Political uncertainty weighs – Commerzbank
Michael Pfister at Commerzbank discusses rising pressure on United Kingdom (UK) Prime Minister Keir Starmer and the implications for the Pound. Markets increasingly expect his resignation, with attention turning to potential successors’ fiscal stances.Fxstreet
Tue, May 12
Australian Dollar: Budget tightening focus – Rabobank
Rabobank's Senior Market Strategist Benjamin Picton highlights comments from Australian Prime Minister Albanese and Treasurer Chalmers ahead of the Commonwealth budget, stressing concerns over an expensive housing market and planned tax changes.
Fxstreet
Tue, May 12
Euro strengthens against British Pound on UK political uncertainty, ECB hawkish signals
The EUR/GBP cross gains traction near 0.8665 during the early European session on Tuesday. The British Pound (GBP) weakens against the Euro (EUR) amid political instability in the United Kingdom (UK). Traders brace for the ZEW surveys from Germany and the Eurozone, which are due later on Tuesday.
Fxstreet
Tue, May 12
Australian Dollar : Downside risk versus US Dollar within range – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD gapped down to 0.7205 before rebounding to close near 0.7250, with intraday risks skewed toward a retest of 0.7220 while 0.7205 is expected to hold. Over 1–3 weeks, they see scope for the pair to edge higher but capped below 0.7280.Fxstreet
Tue, May 12
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