The USD/CHF trades subdued on Friday after a US report showed that inflation is approaching the Federal Reserve’s (Fed) 2% goal. Meanwhile, US President Trump complains about the slow negotiations between Beijing and Washington, which have roiled the markets.
Silver price turned negative on Friday during the North American session, poised to end the week with losses of over 1.80% as the dollar staged a recovery during the day. XAG/USD trades at $32.87, down 1.29%.
There is scope for the sharp rally to extend; deeply overbought conditions suggest any advance is likely part of a higher range of 1.1330/1.1415.
FX option expiries for May 30 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price advanced more than 1% on Thursday, climbing back above $33.00 as demand for safe-haven metals increased following the release of weak US jobs data. At the time of writing, the XAG/USD trades at $33.31.
Further weakness is not ruled out; it is unclear whether Euro (EUR) can break and hold below 1.1200 against US Dollar (USD). In the longer run, to continue to decline, EUR must first close below 1.1200, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for May 29 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Euro (EUR) is expected to consolidate between 1.1305 and 1.1375 against US Dollar (USD). In the longer run, upward momentum has mostly dissipated; EUR is likely to trade in a 1.1255/1.1420 range for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for May 28 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price falls some 0.70% on Tuesday, yet it has trimmed some of its earlier losses that pushed the grey’s metal below $33.00 to hit a two-day low of $32.77. At the time of writing, the XAG/USD trades at $33.29, remains down in the day.
Bundesbank President Joachim Nagel struck a measured tone on the path ahead for interest rates, saying it remains too soon to decide on a further cut next month.
The Euro is trading without a clear direction, as the enthusiasm of the delay on Trump’s 50% tariffs wears out, while the moderate rebound on Oil prices is providing some support to the loonie.The pair has been losing momentum after hitting one-month highs, right above 1.5750 last week, yet with dow
Upward momentum is slowing, but Euro (EUR) could edge higher within a range of 1.1360/1.1420 vs US Dollar (USD). In the longer run, a decisive break above 1.1435 could push EUR to 1.1475, with potential for further gains, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for May 27 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
Silver price finished Monday’s session with minimal gains as the Greenback’s sell-off extended for the beginning of the week, even though financial markets in the US and the UK remained closed for holidays. At the time of writing, XAG/USD trades at $33.47.
USD/CHF clings to minimal gains of 0.03% on Monday amid the lack of trading activity due to US markets being closed for the Memorial Day holiday. However, on Sunday, US President Trump's comments boosted the Greenback after he postponed tariffs on the European Union.
The Euro (EUR) is firming against the Canadian Dollar (CAD) on Monday, bolstered by easing trade tensions after the United States announced a delay in implementing new tariffs on European imports.
Euro (EUR) saw whippy trade on Friday, falling at first in reaction to Trump’s threat of 50% tariff on EU goods. But losses were erased amid broad USD weakness. EUR was last seen at 1.1379 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Euro (EUR) could test the major resistance at 1.1400; a sustained rise above this level is unlikely. In the longer run, the likelihood of EUR breaking above 1.1400 is increasing; the next resistance is nearby at 1.1435, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
FX option expiries for May 26 NY cut at 10:00 Eastern Time via DTCC can be found below.
US Treasury yields fall across the whole curve following Trump’s threats to impose tariffs on Apple’s iPhones not manufactured in the US and duties on European imports. At the time of writing, the US 10-year Treasury note yield is down two basis points at 4.509%.
Momentum indicators still point to Pound Sterling (GBP) upside; the next technical target is at 1.3500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Price action suggests further Euro (EUR) strength, with 1.1400 now in focus, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
US Treasury yields retreated on Thursday after the 30-year US bond yields reached their highest level in 19 months amid concerns regarding the increase of the US fiscal deficit, as Trump's “One Big Beautiful Bill” passes the US House of Representatives and is on its way to the Senate.
FX option expiries for May 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR could rise above 1.1290; the current momentum suggests any further advance is unlikely to reach 1.1320.