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USD/CNH: Set to trade in a sideways range of 7.3210/7.3610– UOB Group
US Dollar (USD) is expected to trade in a sideways range of 7.3210/7.3610. In the longer run, room for USD to retest the 7.3700 level; it is too early to determine if it can break and remain above this level, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Jan 7, 2025
USD/JPY: Upward bias to remain intact as long as 156.80 is not breached – UOB Group
US Dollar (USD) could rise, but it does not appear to have enough momentum to reach 159.00. In the longer run, USD is expected to trade with an upward bias; any advance is expected to face significant resistance at 159.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 7, 2025
AUD/USD: Expected to trade between 0.6180 and 0.6310 – UOB Group
Outlook is mixed; the Australian Dollar (AUD) could trade sideways between 0.6210 and 0.6280. In the longer run, for the time being, AUD is expected to trade between 0.6180 and 0.6310, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 7, 2025
EUR/USD: German inflation for December surprises to the upside – Commerzbank
Over the past few days, we have discussed several times within the team whether the euro has anything to offer against the Trump-induced USD strength at the moment, given the significant growth differential, Commerzbank’s FX analyst Michael Pfister notes.Fxstreet
Jan 7, 2025
GBP/USD: To consolidate between 1.2450 and 1.2550 – UOB Group
Pound Sterling (GBP) is expected to consolidate in a range between 1.2450 and 1.2550. In the longer run, GBP is expected to trade in a range, likely between 1.2420 and 1.2620, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
Fxstreet
Jan 7, 2025
USD/CAD: Early elections are likely in Canada – Commerzbank
Yesterday afternoon, European time, Canadian Prime Minister Justin Trudeau officially announced that he was stepping down as leader of the Liberal Party and that he would resign as Prime Minister once a successor had been found. The move did not come as a complete surprise.
Fxstreet
Jan 7, 2025
EUR/USD: Set to retest the 1.0435 level – UOB Group
Scope for Euro (EUR) to retest the 1.0435 level; a clear break above this level seems unlikely. In the longer run, bias for EUR is tilted to the upside; any advance is likely part of a higher trading range of 1.0300/1.0465, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
Jan 7, 2025
CAD: Trudeau reportedly about to resign – ING
A media report is suggesting the Canada’s prime minister Justin Trudeau will resign as leader of the Liberal Party this week. That would not necessarily lead to early elections, as a leadership contest would take place to select a new prime minister.Fxstreet
Jan 6, 2025
EUR: Looking for a lifeline – ING
EUR/USD recovered some ground on Friday, in line with our expectations. From a valuation standpoint, there is still short-term upside potential for the pair, which at current levels embeds a risk premium of around 1.5-2.0%, ING’s FX analyst Francesco Pesole notes.Fxstreet
Jan 6, 2025
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