GBP/USD has surged to its highest level in 39 months, breaking above 1.2950 with a 0.8% (105 pips) gain in today's session. The pound's strength is underpinned by robust UK economic data, including better-than-expected GDP growth of 0.6% quarter-over-quarter and inflation remaining sticky at 4.2% year-over-year. Growing concerns about the US fiscal deficit and its potential impact on dollar stability have accelerated the pair's upward momentum. The Bank of England's commitment to maintaining higher rates for longer contrasts with market expectations of potential Fed rate cuts by year-end, widening the yield differential in sterling's favor. Technical analysis reveals the pair has completed a corrective pullback and resumed its primary uptrend. Key resistance now stands at 1.3000 (psychological barrier), with immediate support at 1.2920 (previous resistance turned support). A sustained break above 1.3000 could open the path toward 1.3150, making this a critical level for bullish continuation.
GBPUSD
Sentiment:
Very Positive
Source: Marketaux
Gold prices have surged 1.5% to $2,075 per ounce following former President Trump's threat to impose 50% tariffs on EU imports if elected, triggering a classic risk-off market reaction. The announcement has weakened the US dollar index by 0.6% and sent EUR/USD down 0.4% to 1.0780 as traders anticipate potential trade war escalation. Safe-haven flows have also benefited the Japanese yen, with USD/JPY dropping 0.8% to 154.20. The tariff threats have raised concerns about global economic growth and inflation, supporting precious metals as a hedge against uncertainty. European equity futures fell 1.2% while US futures declined 0.9%, reflecting widespread risk aversion. Technical analysis shows gold breaking above the key $2,050 resistance level, with next targets at $2,100 and the all-time high near $2,135. The geopolitical uncertainty adds to existing concerns about US deficit spending, creating a perfect storm for dollar weakness and commodity strength in the near term.
EURUSD
USDJPY
Sentiment:
Very Negative
Source: Marketaux
AUD/USD has surged 0.5% to 0.6485, approaching critical resistance at 0.6500 as the US dollar extends its recent decline into month-end. The pair is challenging a major technical level that has capped gains since early May, with momentum indicators suggesting potential for an upside breakout. Dollar weakness stems from growing expectations of Federal Reserve rate cuts in H2 2025, while the Australian dollar finds support from resilient commodity prices and stable domestic economic data. The 0.6500 level represents both psychological resistance and the 50-day moving average convergence point. A decisive break above could trigger acceleration toward 0.6550-0.6580, where the 200-day moving average resides. Traders are positioning for potential month-end flows that could amplify the move, with stop-losses clustered above 0.6510. Near-term support sits at 0.6450, with failure to hold above potentially negating the bullish setup.
AUDUSD
Sentiment:
Very Positive
Source: Marketaux
EUR/USD climbed 0.4% to 1.0570 following reports that President Trump is reconsidering aggressive tariff proposals, easing concerns about global trade disruptions. The dollar index dropped 0.3% to 106.20 as markets reassessed the likelihood of immediate protectionist measures. Gold prices paused near $2,050/oz after last week's 1.2% gain, as reduced safe-haven demand offset ongoing dollar weakness. European currencies broadly benefited from the shift in trade policy rhetoric, with traders unwinding defensive positions built over recent weeks. Technical indicators show EUR/USD breaking above its 20-day moving average at 1.0550, targeting resistance at 1.0600. Gold maintains support at $2,035, though momentum has stalled as geopolitical tensions ease. The week ahead features key US Treasury auctions that could influence dollar direction, while any clarification on trade policy remains a primary market driver for risk sentiment and currency flows.
EURUSD
DXY
Sentiment:
Positive
Source: Marketaux
European equity futures surged 1.5% in early Monday trading, with EUR/USD climbing 0.4% to 1.0845 as President Trump postponed planned 50% EU tariffs from June 1 to July 9, opting for negotiations instead. The delay provided immediate relief to European markets after Friday's sharp selloff triggered by the initial tariff announcement. German DAX futures rose 1.4%, reflecting improved risk sentiment across European assets. The euro's strength was further supported by broad dollar weakness, with the greenback declining against all major currencies in Asian trading. Technical indicators suggest EUR/USD faces immediate resistance at 1.0880, with support established at 1.0800. The tariff delay creates a temporary window of stability for EUR/USD, though uncertainty remains regarding July negotiations. Traders should monitor upcoming EU-US trade discussions and any shifts in Trump's stance that could trigger volatility.
EURUSD
Sentiment:
Positive
Source: Finnhub
USD/JPY declined 0.6% to 155.20 during Monday's Asian session as macro traders expressed growing concerns about self-inflicted harm to the US dollar from American policy decisions. The pair's weakness reflects diminishing confidence in dollar strength amid uncertainty over trade policies and their potential economic impact. Market participants are increasingly positioning for yen strength as a safe-haven play against US policy volatility. The move accelerated as broader dollar selling emerged across major pairs, with traders citing fears of protectionist measures undermining US economic growth. Technical analysis shows USD/JPY breaking below the 155.50 support level, opening the path toward 154.80. The 200-day moving average at 154.00 represents the next major support. Rising implied volatility suggests traders expect continued uncertainty, potentially benefiting the yen as traditional risk-off flows return to Japanese currency markets.
USDJPY
Sentiment:
Negative
Source: Marketaux
USD/JPY faces downward pressure near 149.50 as technology sector weakness dampens risk appetite ahead of crucial US Treasury auctions this week. NVIDIA's 3.5% decline led a broader tech selloff, pushing the S&P 500 down 0.8% and strengthening the yen's safe-haven appeal. The pair has retreated from last week's high of 150.20, with technical indicators suggesting further downside risk. This week's Treasury auctions of 2-year, 5-year, and 7-year notes totaling $183 billion could significantly impact dollar funding costs and yield differentials. Japanese investors remain net sellers of foreign bonds, adding to yen strength as repatriation flows continue. Support levels emerge at 149.00 (50-day MA) and 148.50 (previous week's low), while resistance at 150.00 now caps upside attempts. Traders anticipate increased volatility around auction results, with poor demand potentially accelerating USD/JPY losses toward the 148.00 handle.
USDJPY
EURUSD
Sentiment:
Negative
Source: Marketaux
The US dollar faced broad selling pressure across Asian markets Monday, with major currencies posting significant gains following Trump's decision to delay 50% EU tariffs from June 1 to July 9. EUR/USD rose 0.4%, AUD/USD gained 0.5%, while GBP/USD, NZD/USD, and USD/CAD all advanced between 0.3-0.4%. The Chinese yuan (USD/CNH) also strengthened despite PBOC intervention attempts. The tariff delay sparked risk-on sentiment, benefiting commodity and growth-sensitive currencies. Market participants interpreted the postponement as reducing immediate trade war risks, though uncertainty remains for July negotiations. Technical momentum favors continued dollar weakness, with the DXY index breaking below 104.50 support. Asian equity futures rallied alongside currency moves, suggesting improved risk appetite. Traders should monitor upcoming US data releases and any Trump administration comments that could shift the current dovish dollar narrative.
EURUSD
AUDUSD
GBPUSD
NZDUSD
USDCAD
USDCNH
Sentiment:
Negative
Source: Marketaux
USD/CNY is expected to decline to 7.00 within 12 months according to Goldman Sachs' revised forecast, representing a significant yuan appreciation from their previous target of 7.35. The investment bank maintains an overweight position on Chinese equities, citing the strong historical correlation between yuan appreciation and Chinese stock performance. Consumer discretionary, property, and brokerage sectors are identified as primary beneficiaries of the strengthening currency. The forecast revision reflects improving Chinese economic fundamentals and potential policy support measures. Current USD/CNY trades near 7.25, suggesting approximately 3.5% potential yuan appreciation from current levels. Technical indicators show strong support forming at 7.20, with resistance at 7.30. The strengthening yuan could attract additional foreign investment flows into Chinese markets, potentially accelerating the currency's appreciation momentum and creating favorable conditions for yuan-denominated assets.
USDCNY
Sentiment:
Negative
Source: Finnhub
The US dollar experienced widespread selling during Monday's Asian session, with all major currencies posting gains against the greenback. EUR/USD advanced 0.4% to 1.0845, while AUD/USD climbed 0.5% to 0.6520. GBP/USD rose 0.35% to 1.2680, with NZD/USD and CAD strength also evident. Even USD/CNH declined despite People's Bank of China efforts to support the dollar-yuan pair. The coordinated move suggests a fundamental shift in dollar sentiment, driven by concerns over US trade policies and their economic implications. Technical indicators show the Dollar Index (DXY) breaking below key support at 104.50, potentially targeting 104.00. The broad-based nature of dollar weakness indicates systematic unwinding of long dollar positions. Traders should prepare for continued volatility as markets reassess Federal Reserve policy expectations amid changing trade dynamics and global growth concerns.
EURUSD
AUDUSD
GBPUSD
NZDUSD
USDCAD
USDCNH
Sentiment:
Very Negative
Source: Marketaux
USD/CAD is consolidating near 1.3650 as markets increasingly price in another Bank of Canada rate pause at the June meeting. Recent Canadian economic data has shown surprising resilience, with inflation remaining sticky at 2.9% year-over-year and employment gains exceeding expectations by adding 41,000 jobs in April. The BoC's cautious stance reflects concerns about reigniting inflationary pressures amid robust domestic demand. Meanwhile, the US dollar faces headwinds from growing fiscal concerns and mixed economic signals. Technical indicators suggest USD/CAD is testing key support at 1.3620, with resistance established at 1.3700. A break below support could accelerate the pair's decline toward 1.3580, while any hawkish BoC communications could further strengthen the Canadian dollar. Traders should monitor upcoming Canadian retail sales data and any BoC official speeches for directional cues.
USDCAD
Sentiment:
Negative
Source: Marketaux
AUD/USD has advanced 0.5% to 0.6580 as the US dollar weakens amid mounting concerns over America's fiscal health and ballooning debt levels. The US debt-to-GDP ratio approaching 125% has sparked investor anxiety about long-term dollar sustainability, prompting flows into commodity currencies. The Australian dollar has additionally benefited from steady Chinese economic data and resilient domestic employment figures showing unemployment holding at 3.9%. Technical analysis shows AUD/USD breaking above the 50-day moving average at 0.6565, with immediate resistance at 0.6600. Support has formed at 0.6550, coinciding with the previous week's consolidation zone. A sustained move above 0.6600 could open the path toward 0.6650, while any risk-off sentiment could quickly reverse gains. Traders are closely watching upcoming Australian inflation data and Federal Reserve officials' comments on the US fiscal situation.
AUDUSD
Sentiment:
Positive
Source: Marketaux
The Finance Magnates Africa Summit (FMAS) 2025 is set to take place in Cape Town, South Africa next week, bringing together forex industry professionals and traders for comprehensive market discussions. The conference will feature dedicated panels focusing on gold and oil markets, which have shown significant volatility amid global economic uncertainties. Gold prices currently hover near $2,350/oz as traders monitor inflation data and central bank policies, while crude oil maintains support above $80/bbl on OPEC+ supply dynamics. The summit will include trading strategy sessions with experienced market participants sharing insights on commodity-currency correlations, particularly relevant for commodity-linked currencies like AUD, CAD, and ZAR. Industry networking opportunities and educational panels will provide traders with updated perspectives on African forex markets and emerging opportunities in the region's growing financial sector.
XAUUSD
USDCAD
AUDUSD
USDZAR
Sentiment:
Neutral
Source: Finnhub
This article focuses exclusively on cryptocurrency futures trading signals through Telegram channels and does not contain any forex-related content. The piece discusses various Telegram groups offering crypto trading signals for 2025, with no mention of currency pairs, foreign exchange markets, or forex trading strategies. Without any reference to traditional currencies like USD, EUR, GBP, or JPY, or their respective pairs, this content falls outside the scope of forex market analysis. The article appears to be entirely focused on cryptocurrency derivatives trading, which operates in a separate market ecosystem from foreign exchange. No forex price movements, economic indicators affecting currency values, or central bank policies are discussed. Traders seeking forex-specific signals or analysis would not find relevant information in this cryptocurrency-focused content.
EURUSD
Sentiment:
Neutral
Source: Marketaux
This article discusses cryptocurrency futures trading signals available through Telegram channels for 2025. The content focuses entirely on cryptocurrency trading resources and signal providers, with no mention of forex currency pairs, foreign exchange markets, or traditional currency trading. The article appears to be about digital asset trading strategies and communication channels for crypto traders seeking market signals and analysis. Since this content does not relate to forex trading, currency pairs, or foreign exchange markets, it falls outside the scope of forex market analysis. No forex pairs are mentioned or discussed, and there are no implications for currency traders or foreign exchange market participants.
EURUSD
Sentiment:
Neutral
Source: Marketaux
USD/JPY declined 0.4% to 154.20 as President Trump's apparent approval of Nippon Steel's acquisition of US Steel boosted risk sentiment and strengthened the yen. The deal, previously opposed by Trump during his campaign and blocked by President Biden, gained new life after Nippon Steel and US Steel filed lawsuits and improved their offer terms. This policy reversal signals potential openness to foreign investment in US industries, contrasting with earlier protectionist rhetoric. The yen's strength reflects improved Japan-US trade relations and reduced uncertainty around cross-border M&A activity. Technical indicators show USD/JPY breaking below the 154.50 support level, with next support at 153.80. The pair faces resistance at 155.00, coinciding with the 50-day moving average. Traders are monitoring whether this shift in trade policy stance will influence broader dollar sentiment and future foreign investment flows.
USDJPY
Sentiment:
Negative
Source: Finnhub
USD sentiment strengthens as Treasury Secretary nominee Scott Bessent outlined plans for 'several hundred billion' dollars in annual tariff revenue, potentially bolstering dollar inflows. The prospect of increased tariff collections could provide fiscal support for the US economy while potentially strengthening the dollar through increased demand for USD to pay tariffs. Bessent also mentioned a positive US-Germany reset, which could ease transatlantic trade tensions and support EUR/USD stability. Market participants are weighing the inflationary impact of tariffs against potential revenue benefits. Technical levels show USD index testing resistance at 106.50, with support at 105.80. The tariff revenue projections suggest sustained dollar strength in the medium term, though implementation details and trading partner responses remain key variables. Traders should monitor upcoming policy announcements and international trade negotiations for directional cues.
EURUSD
DXY
Sentiment:
Positive
Source: Finnhub
USD/CAD dropped to 1.3580, matching the May 6 low and approaching levels not seen since October 2024, as the US dollar weakened across the board. The pair has declined 1.2% over the past week, with the Canadian dollar benefiting from stable oil prices above $80/barrel and expectations that the Bank of Canada may pause its rate-cutting cycle. WTI crude's resilience near recent highs continues to support CAD strength, given Canada's significant energy exports. Technical analysis shows USD/CAD testing critical support at 1.3580, with a break below potentially accelerating losses toward 1.3500. Immediate resistance sits at 1.3650, followed by the 20-day moving average at 1.3680. The bearish momentum suggests further downside potential, particularly if oil prices remain elevated and US economic data continues to disappoint market expectations.
USDCAD
Sentiment:
Negative
Source: Marketaux
USD/CAD declined 0.4% to 1.3620 as Canadian dollar gained strength following better-than-expected retail sales data, significantly reducing Bank of Canada rate cut expectations. Canadian retail sales rose 0.9% in March, beating forecasts of 0.1%, while core retail sales jumped 2.1% versus 0.2% expected. The strong consumer spending data has prompted markets to reprice BoC rate cut probabilities, with June cut odds falling from 65% to 40%. CIBC economists noted the data challenges their dovish stance, suggesting potential policy reassessment. Technical analysis shows USD/CAD breaking below the 1.3650 support level, with next support at 1.3580. The 50-day moving average at 1.3690 now acts as resistance. Continued CAD strength depends on sustained economic momentum and commodity prices, particularly oil, which remains supportive above $78/barrel.
USDCAD
Sentiment:
Very Negative
Source: Marketaux
EUR/USD spiked 0.8% to 1.0965 after President Trump threatened 50% tariffs on European imports and 25% on Apple products, triggering a sharp sell-off in US equity futures and dollar weakness. The euro benefited from safe-haven flows as S&P 500 futures plunged 1.5%, while US Treasury yields fell 8 basis points to 4.42%. Gold jumped $25 to $2,685/oz, reflecting heightened market uncertainty. The tariff threats raise concerns about renewed trade tensions and potential retaliatory measures from the EU, which could disrupt global supply chains. Technical indicators show EUR/USD breaking above the 1.0950 resistance level, opening the path toward 1.1000. Support has formed at 1.0920, with the pair maintaining bullish momentum above its 50-day moving average. Traders are positioning for increased volatility as markets assess the likelihood and timing of these proposed tariffs.
EURUSD
Sentiment:
Very Positive
Source: Marketaux