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USD/JPY: Election review report delayed to early-September – OCBC
USD/JPY: Election review report delayed to early-September – OCBC
At Jackson Hole last weekend, Governor Ueda spoke about wage growth spreading from large enterprises to SMEs and barring a major negative demand shock, he expects labour market in Japan to remain tight and to continue to exert upward pressure on wages.
USDJPY
Technical Analysis
Banks
BOJ
Japan
USD: Cook dismissal impact limited – ING
USD: Cook dismissal impact limited – ING
President Trump’s firing of Fed Governor Lisa Cook and the broad view that this marks further politicisation of the Fed are negative for the dollar. Yet, the FX reaction has been muted and may only play out in the longer run, likely for two reasons.
DollarIndex
Banks
Technical Analysis
Fed
EUR/USD: Watching French political risk – OCBC
EUR/USD: Watching French political risk – OCBC
Euro (EUR) continued to trade restraint.
EURUSD
Technical Analysis
Banks
GBP: Still good short-term outlook – ING
GBP: Still good short-term outlook – ING
Another indication that French politics is having a limited FX impact is EUR/GBP, which has faced only limited downside pressure since the start of the week, ING’s FX analyst Francesco Pesole notes.
Banks
Technical Analysis
GBPUSD
EURGBP
Dow Jones futures steady as Nvidia earnings, AI stocks drive focus
Dow Jones futures steady as Nvidia earnings, AI stocks drive focus
Dow Jones futures remain steady near 45,500 during European hours on Wednesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures and the Nasdaq 100 futures hold ground near 6,480 and 23,590, respectively.
DowJones
Equities
Technical Analysis
Nasdaq
SP500
DXY: 2-way trades likely in the interim – OCBC
DXY: 2-way trades likely in the interim – OCBC
US Dollar (USD) continued to trade on the backfoot, from news of Trump removing Fed Governor Lisa Cook from her position. DXY last at 98.65 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
EUR: Euro proving resilient to France – ING
EUR: Euro proving resilient to France – ING
The Euro (EUR) is not actively trading on the French political turmoil, but it’s likely facing some degree of restraint from it. French equities had another bad day, but what matters is OAT's performance.
EURUSD
Technical Analysis
Banks
EUR/JPY Price Forecast: Strengthens above 171.50, further consolidation cannot be ruled out
EUR/JPY Price Forecast: Strengthens above 171.50, further consolidation cannot be ruled out
The EUR/JPY cross gains traction to near 171.85 during the early European session on Wednesday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the improved risk sentiment, which undermines the safe-haven currency.
EURJPY
Crosses
Technical Analysis
USDCAD technicals: The USDCAD back into swing area  support.  MA support eyed.
USDCAD technicals: The USDCAD back into swing area support. MA support eyed.
USDCAD tested key support zone twice & back in zone. MA support important; buyers defending needed for upside momentum.
The USDCHF clues today are to the downside. Can they keep the momentum going?
The USDCHF clues today are to the downside. Can they keep the momentum going?
What will traders in the USDCHF be looking at from a technical perspective and why?
GBP/USD recovers toward 1.3500 ahead of US consumer sentiment data
GBP/USD recovers toward 1.3500 ahead of US consumer sentiment data
Following Monday's bearish action, GBP/USD stages a rebound on Tuesday. At the time of press, the pair was up 0.25% on the day at 1.3485.
GBPUSD
Majors
Macroeconomics
Technical Analysis
The USD is lower to start the new trading day as the ups and downs continue.
The USD is lower to start the new trading day as the ups and downs continue.
US dollar declines as President Trump fires Fed Governor Lisa Cook, sparking a legal battle over central bank independence. Markets cautious amidst concerns of political interference and potential board manipulation.
CAD quiet ahead of Macklem speech – Scotiabank
CAD quiet ahead of Macklem speech – Scotiabank
The Canadian Dollar (CAD) is trading in a tight range and entering Tuesday’s NA session with a marginal gain against the US Dollar (USD)
USDCAD
BOC
Banks
Canada
Technical Analysis
EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
EUR/GBP Price Forecast: Euro reversal brings 0.8600 support area into focus
The Euro posted a significant reversal from the 0.8670 area on Monday, printing a bearish engulfing candle on the daily chart. This figure has strongly negative connotations and has shifted the pair’s focus towards the key support area around 0.8600.
EURGBP
Technical Analysis
Currencies
EUR/HUF faces key resistance at 399/400 – Société Générale
EUR/HUF faces key resistance at 399/400 – Société Générale
EUR/HUF remains under pressure after failing to reclaim the 200-day moving average. A rebound is testing the 399/400 resistance zone, but inability to break higher risks extending the decline toward 389.90 support, Société Générale's FX analysts note.
Banks
Hungary
EURHUF
Technical Analysis
USD/CNH: Chance of dropping below July’s low of 7.1435 – UOB Group
USD/CNH: Chance of dropping below July’s low of 7.1435 – UOB Group
US Dollar (USD) could drop below July’s low of 7.1435, but it might not be able to maintain a foothold below this level.
Banks
Technical Analysis
USDCNH
USD/JPY expected to trade in a range between 146.70 and 148.00 – UOB Group
USD/JPY expected to trade in a range between 146.70 and 148.00 – UOB Group
US Dollar (USD) is expected to trade in a range between 146.70 and 148.00. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: Likely to trade between 0.5830 and 0.5875 – UOB Group
NZD/USD: Likely to trade between 0.5830 and 0.5875 – UOB Group
The current price movements are likely part of a range-trading phase between 0.5830 and 0.5875.
NZDUSD
Technical Analysis
Banks
Gold eases from $3,385 highs as Fed’s Cook refuses to resign
Gold eases from $3,385 highs as Fed’s Cook refuses to resign
Gold‘s rally from Monday’s lows at $3,350 has been capped on Tuesday after hitting fresh two-week highs at $3,385. The Precious metal has stalled below $3,380, as the US Dollar regains lost ground, following Fed Governour Lisa Cook’s rejection of President Trump’s calls to fire her.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
EUR: French political uncertainty is on the rise acting as a dampener on Euro – MUFG
EUR: French political uncertainty is on the rise acting as a dampener on Euro – MUFG
One of the main developments at the start of this week has been the announcement from French Prime Minister Francois Bayrou that he has agreed with President Emmanuel Macron to call parliament back into session early in order to allow the government to present its budget plan and hold a confidence m
EURUSD
Technical Analysis
Banks
France
Fundamental Analysis
AUD/USD: Likely to trade in a range of 0.6455/0.6505 – UOB Group
AUD/USD: Likely to trade in a range of 0.6455/0.6505 – UOB Group
Australian Dollar (AUD) is likely to trade in a range of 0.6455/0.6505. In the longer run, slight increase in upward momentum is likely to lead to a higher range of 0.6440/0.6540 rather than a sustained advance, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
USD whips on data but wilts on Trump – DBS
USD whips on data but wilts on Trump – DBS
The DXY Index climbed 0.7% to 98.4 overnight, primarily on profit-taking sparked by better-than-expected US new home sales (NHS).
DollarIndex
Banks
Fed
Technical Analysis
GBP/USD: Likely to trade in a range between 1.3440 and 1.3520 – UOB Group
GBP/USD: Likely to trade in a range between 1.3440 and 1.3520 – UOB Group
Pound Sterling (GBP) is likely to trade in a range between 1.3440 and 1.3520. In the longer run, further GBP strength is not ruled out, but it is unclear if there is enough momentum for it to reach 1.3595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBPUSD
Technical Analysis
Banks
EUR/USD: Likely to trade in a range of 1.1600/1.1690 – UOB Group
EUR/USD: Likely to trade in a range of 1.1600/1.1690 – UOB Group
Euro (EUR) is likely to trade in a range of 1.1600/1.1690. In the longer run, EUR is expected to trade in a range between 1.1580 and 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
JPY: Still hoping for wages – Commerzbank
JPY: Still hoping for wages – Commerzbank
The Bank of Japan remains convinced that rising wage growth will lead to sustainably higher inflation. Meanwhile, lower inflation regarding food prices is pushing down the overall rate. Excluding energy and food, inflation has been below 2% for some time now.
USDJPY
Banks
Japan
BOJ
Technical Analysis
EUR/JPY Price Forecast: Falls to near 171.50 as bearish bias emerges
EUR/JPY Price Forecast: Falls to near 171.50 as bearish bias emerges
EUR/JPY extends its losses for the second successive session, trading around 171.50 during the European hours on Tuesday. The technical analysis of the daily chart suggests the emergence of a bearish market bias as the currency cross is remaining slightly below the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
USD: Tightrope walk for the dollar – Commerzbank
USD: Tightrope walk for the dollar – Commerzbank
The coming weeks, and probably even months, are likely to be a tightrope walk for the dollar against the backdrop of the Fed's adjusted stance.
DollarIndex
Banks
Fed
Technical Analysis
GBP/JPY Price Forecast: Giving signs of topping below 200.00
GBP/JPY Price Forecast: Giving signs of topping below 200.00
The British Pound is showing signs of topping after having reached one-year highs, right above the 200.00 round level against the Japanese Yen.
GBPJPY
Technical Analysis
Currencies
USD: Focus on Cook's removal – ING
USD: Focus on Cook's removal – ING
The US Dollar (USD) briefly sold off 0.6% in Asia after news broke that US President Donald Trump was dismissing Lisa Cook, a member of the Federal Reserve's governing board. This follows allegations of mortgage application irregularity.
DollarIndex
Banks
Technical Analysis
Fed
DXY: Consumer confidence, durable goods today – OCBC
DXY: Consumer confidence, durable goods today – OCBC
US Dollar (USD) fell this morning, in knee-jerk reaction to headline that Trump removed Fed Governor Lisa Cook from her position. DXY last at 98.43 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
GBP: Hawkish BoE and French politics to weigh on EUR/GBP – ING
GBP: Hawkish BoE and French politics to weigh on EUR/GBP – ING
EUR/GBP looks to stay offered this week as French politics prompts some reassessment of long euro exposure, ING's FX analyst Chris Turner notes.
Banks
Technical Analysis
EURGBP
GBPUSD
EUR/USD: French political risk weighs – OCBC
EUR/USD: French political risk weighs – OCBC
Euro (EUR) fell overnight. French PM Bayrou said he would call for a confidence vote on budget on 8 September in an effort to force political parties to take a position on the government’s budget proposals in parliament rather than through street protests planned for later that week.
EURUSD
Technical Analysis
Banks
Nasdaq Technical Analysis for Today with tradeCompass
Nasdaq Technical Analysis for Today with tradeCompass
Bearish below and bullish above . Check out where the profit targets are for today's Nasdaq trading, with the unique tradeCompass methodology, including Nasdaq 100 futures technical analysis and price targets for today.
TradeCompass
Nasdaq
Nasdaq Technical Analysis
NZD/USD retreats below 0.5850, US Dollar bounces on risk aversion
NZD/USD retreats below 0.5850, US Dollar bounces on risk aversion
The New Zealand Dollar is giving away previous gains against the US Dollar, and returns to the lower range of the 0.5800s after retreating from Monday’s highs in the area of 0.5880.
NZDUSD
Technical Analysis
Fundamental Analysis
Currencies
Majors
Weak dollar selling the signal this month-end - Barclays
Weak dollar selling the signal this month-end - Barclays
Barclays' model suggests the dollar to be weaker against most major currencies with neutral signals against the euro and yen
Gold Technical Analysis – The focus turns to US labour market data
Gold Technical Analysis – The focus turns to US labour market data
Gold gets a boost from the dovish Powell’s speech at the Jackson Hole Symposium. What’s next?
GBP/USD Price Forecast: Bullish outlook remains in play near 1.3450
GBP/USD Price Forecast: Bullish outlook remains in play near 1.3450
The GBP/USD pair edges lower to near 1.3450 during the early European session on Tuesday. The potential downside for the major pair might be limited after US President Donald Trump announced he was firing a Federal Reserve (Fed) Governor, Lisa Cook.
Majors
Technical Analysis
GBPUSD
Bullish
USD/CHF Price Forecast: Climbs to 0.8059 as Dollar steadies
USD/CHF Price Forecast: Climbs to 0.8059 as Dollar steadies
USD/CHF advances for the first time of the week, up by over 0.20%, trading at 0.8059 as the Greenback recovers following last Friday’s plunge, as probabilities for a Fed rate cut settled at around 86%.
USDCHF
Technical Analysis
Currencies
Majors
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