EUR: markets shift focus back to policy and Fed/ECB – Scotiabank
EUR: markets shift focus back to policy and Fed/ECB – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 as it consolidates in a tight range in the mid/lower-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
ECB
Technical Analysis
USD edges lower, markets hold ranges – Scotiabank
USD edges lower, markets hold ranges – Scotiabank
The US Dollar (USD) has slipped back somewhat overall through the course of the European morning session, giving up early gains to trade a little softer overall against most of its major currency peers as the North American day gets underway, Scotiabank's Chief FX Strategists Shaun Osborne and Eric
DollarIndex
Banks
Technical Analysis
AUD/USD steady as Q2 GDP beats forecasts – BBH
AUD/USD steady as Q2 GDP beats forecasts – BBH
AUD/USD is trading in a tight range around 0.6520. Australia Q2 real GDP growth beat expectations, BBH FX analysts report.
AUDUSD
Banks
RBA
Australia
Technical Analysis
USD/CNH: Expected to trade in a range between 7.1300 and 7.1500 – UOB Group
USD/CNH: Expected to trade in a range between 7.1300 and 7.1500 – UOB Group
US Dollar (USD) is expected to trade in a range between 7.1300 and 7.1500. In the longer run, the current price movements are likely part of a range trading phase between 7.1200 and 7.1650, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
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USD/JPY: Overbought conditions may limit gains to 149.15 – UOB Group
USD/JPY: Overbought conditions may limit gains to 149.15 – UOB Group
US Dollar (USD) could strengthen further; overbought conditions may limit gains to 149.15. In the longer run, outlook for USD is positive; it remains to be seen if it can maintain the rapid pace of advance. The level to watch is 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USDJPY
Technical Analysis
Banks
NZD/USD: May test the support at 0.5830 before stabilization – UOB Group
NZD/USD: May test the support at 0.5830 before stabilization – UOB Group
New Zealand Dollar (NZD) may test the support at 0.5830 before stabilization can be expected; a clear break below this level is unlikely. In the longer run, NZD is likely to trade in a range of 0.5800/0.5900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
USD/CNH: Rebound meets resistance – OCBC
USD/CNH: Rebound meets resistance – OCBC
USD/CNH was a touch firmer for a 3rd consecutive session this week, tracking USD/CNY fix which was set higher again – today at 7.1108 vs 7.1089 on Tuesday and 7.1072 on Monday vs. 7.1030 last Friday. Pair was last at 7.1451, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
Technical Analysis
USDCNH
China
AUD/USD: Likely to trade in a range of 0.6480/0.6540 – UOB Group
AUD/USD: Likely to trade in a range of 0.6480/0.6540 – UOB Group
Instead of continuing to decline, Australian Dollar (AUD) is more likely to trade in a range of 0.6480/0.6540. In the longer run, AUD is expected to trade in a range, most likely between 0.6460 and 0.6560, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
DXY: JOLTS Job openings today – OCBC
DXY: JOLTS Job openings today – OCBC
US Dollar (USD) rose overnight but range remains confined to recent levels. DXY last at 98.28 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Employment
USD: Dollar rally may be unwound – ING
USD: Dollar rally may be unwound – ING
Yesterday’s US Dollar (USD) rally lacked a clear catalyst beyond the selloff in global long-dated bonds – including the high-profile UK gilts. Rising debt concerns outside the US may have triggered some unwinding of abundant USD longs.
DollarIndex
Banks
Technical Analysis
Fed
USD: The really big chunks are yet to come – Commerzbank
USD: The really big chunks are yet to come – Commerzbank
The US ISM manufacturing index was good for a few short-term pips, but it failed to give the dollar a real blow yesterday. This is hardly surprising.
DollarIndex
Banks
UnitedStates
Technical Analysis
GBP/USD may retest the 1.3340 low – UOB Group
GBP/USD may retest the 1.3340 low – UOB Group
Sharp drop in Pound Sterling (GBP) may retest the 1.3340 low; a sustained decline below this level is unlikely.
GBPUSD
Banks
Technical Analysis
GBP: Reaction to gilts selloff looks a bit overblown – ING
GBP: Reaction to gilts selloff looks a bit overblown – ING
The Pound Sterling (GBP) had a rough Tuesday as back-end gilt yields rose, with the 30-year hitting its highest level since 1998, ING's FX analyst Francesco Pesole notes.
GBPUSD
Banks
Technical Analysis
BOE
BIT
EUR/USD: 2-way risks on a daily chart – OCBC
EUR/USD: 2-way risks on a daily chart – OCBC
Euro (EUR) saw a larger pullback overnight on renewed focus on French politics. Pair was last at 1.1649, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR/USD: Major support at 1.1570 is likely out of reach – UOB Group
EUR/USD: Major support at 1.1570 is likely out of reach – UOB Group
Oversold decline in Euro (EUR) could drop below 1.1600; the major support at 1.1570 is likely out of reach.
Technical Analysis
EURUSD
Banks
EUR/JPY Price Forecast: Rises above 173.00 due to prevailing bullish bias
EUR/JPY Price Forecast: Rises above 173.00 due to prevailing bullish bias
EUR/JPY continues its winning streak for the fifth successive session, trading around 173.20 during the European hours on Wednesday. The technical analysis of the daily chart suggests the prevailing bullish market bias as the currency cross is remaining within the ascending channel pattern.
EURJPY
Crosses
Technical Analysis
Bullish
EUR: Inflation supports the ECB's cautious stance – ING
EUR: Inflation supports the ECB's cautious stance – ING
EUR/USD remains cheap according to our model, which places the short-term fair value around 1.190.
EURUSD
Technical Analysis
Banks
Gold: Bullish breakout – OCBC
Gold: Bullish breakout – OCBC
XAU/USD broke pushed higher into record levels into NY session to firmly close above 3,500. Gold last seen at 3540 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold
XAUUSD
Banks
Technical Analysis
Metals
Bullish
US Dollar Index (DXY) approaches a key resistance area above 98.65
US Dollar Index (DXY) approaches a key resistance area above 98.65
The Dollar is moving higher for the second consecutive day on Wednesday, but USD bulls are showing signs of hesitation –the large wicks in the 4-hour candle– as price action approaches a cluster of resistances between 98.65 and 98.85.The fundamental background remains favourable, with investors wary
DollarIndex
Technical Analysis
Currencies
NZD/USD retreats below 0.5850 weighed by a cautious market mood
NZD/USD retreats below 0.5850 weighed by a cautious market mood
The US dollar continues to outperform its main peers on Wednesday, as debt fears return to the market, to the detriment of risk-sensitive currencies like the New Zealand Dollar, which has depreciated by more than 1% from Tuesday’s highs.The Kiwi Dollar was rejected at two-week highs around 0.5915 ea
NZDUSD
Currencies
Technical Analysis
Silver Price Forecast: XAG/USD marks fresh 14-year highs near $41.00
Silver Price Forecast: XAG/USD marks fresh 14-year highs near $41.00
Silver price (XAG/USD) maintains its position following its six-day winning streak, trading around $40.98 per troy ounce, the highest since September 2011, during the early European hours on Wednesday.
XAGUSD
Silver
Commodities
Technical Analysis
Metals
EUR/USD remains depressed ahead of US employment, Factory Orders data
EUR/USD remains depressed ahead of US employment, Factory Orders data
The EUR/USD pair has been capped at 1.1665 during the European morning trrafde, before returning below 1.1650, which leaves the pair in no man's land, at the lower end of the monthly trading range.
EURUSD
Majors
Technical Analysis
Currencies
SEO
FX option expiries for 3 September 10am New York cut
FX option expiries for 3 September 10am New York cut
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By Investing Live
FX option expiries for 3 September 10am New York cut
A look at what is on the board for today
Options
Forex
WTI Price Forecast: Bearish bias prevails under 100-day EMA near $65.00
WTI Price Forecast: Bearish bias prevails under 100-day EMA near $65.00
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.10 during the early European trading hours on Wednesday.
WTI
Oil
Commodities
Technical Analysis
Eurostoxx futures +0.4% in early European trading
Eurostoxx futures +0.4% in early European trading
A slight bounce back after the heavy losses yesterday
Stocks
Silver Price Forecast: XAG/USD eases from 14-year peak; fails ahead of $41.00 mark
Silver Price Forecast: XAG/USD eases from 14-year peak; fails ahead of $41.00 mark
Silver (XAG/USD) retreats slightly from the vicinity of the $41.00 mark, or a fresh 14-year high touched during the Asian session earlier this Wednesday. The white metal currently trades around the $40.70 region, down nearly 0.50% for the day, though any meaningful corrective slide seems elusive.
Silver
Commodities
Technical Analysis
XAGUSD
USD/CHF Price Forecast: Climbs to 0.8050 as risk aversion boosts USD
USD/CHF Price Forecast: Climbs to 0.8050 as risk aversion boosts USD
The USD/CHF advances for the third straight day, up by 0.57% on Tuesday trading at 0.8050 as risk aversion boosted the Greenback. Economic data revealed in the United States (US) was mixed, as business activity in the manufacturing sector showed that growth is slowing down.
USDCHF
Technical Analysis
Currencies
Majors
EUR/USD plunges below 1.1700 as Fed turmoil sparks risk-off move
EUR/USD plunges below 1.1700 as Fed turmoil sparks risk-off move
The Euro tumbles late in the North American session, down by over 0.60% due to a risk-off mood triggered by threats to the independence of the Federal Reserve (Fed) and controversial US policy.
EURUSD
Technical Analysis
Currencies
Fundamental Analysis
SEO
Google lives to fight another day - shares skyrocket! Recap.
Google lives to fight another day - shares skyrocket! Recap.
The decision stems from a 2020 Justice Department lawsuit and comes amid a broader antitrust push against Big Tech.
SPX
Nasdaq
WTI crude oil settles higher by $1.58
WTI crude oil settles higher by $1.58
News Discussion Forum
By Investing Live
WTI crude oil settles higher by $1.58
Nice day for the oil bulls
Gold smashes record above $3,500 as risk aversion fuels rush
Gold smashes record above $3,500 as risk aversion fuels rush
Gold prices soar to a new all-time high past the $3,500 figure on Tuesday, rallying more than 2% even though the US Dollar advances and US Treasury yields rise. Risk aversion dominates, despite forecasts of a potential Federal Reserve (Fed) rate cut in September.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
Pound sinks 1% as UK Gilt yields hit 1998 highs
Pound sinks 1% as UK Gilt yields hit 1998 highs
The Pound Sterling (GBP) tumbles 1% on Tuesday as UK 30-year Gilts rose to 5.697%, its highest level since May 1998, due to fiscal concerns linked to the Autumn Budget.
GBPUSD
Currencies
Technical Analysis
Majors
Gold extends rally to fresh ATH as softer PMI drags US Dollar and yields lower
Gold extends rally to fresh ATH as softer PMI drags US Dollar and yields lower
Gold (XAU/USD) refreshes its all-time high above $3,508 on Tuesday, after retreating earlier in the day as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.
Gold
SEO
Technical Analysis
EUR a mid-performer but still weak vs. USD – Scotiabank
EUR a mid-performer but still weak vs. USD – Scotiabank
The Euro (EUR) is down 0.6% against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
CAD softer versus USD but pick up on the crosses – Scotiabank
CAD softer versus USD but pick up on the crosses – Scotiabank
The Canadian Dollar (CAD) is softer against the generally stronger US Dollar (USD) on the session but losses are relatively limited, leaving the CAD the top-performer after the big dollar among G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USDCAD
Banks
Canada
Technical Analysis
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