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EUR/USD falls below 1.17 as profit-taking lifts US Dollar
EUR/USD falls below 1.17 as profit-taking lifts US Dollar
EUR/USD erases some of last Friday’s gains and drops 0.93% as the Greenback stages a recovery, following dovish remarks by Federal Reserve (Fed) Chair Jerome Powell. Expectations that the Fed will cut rates in September triggered the Euro’s (EUR) advance.
EURUSD
Majors
Fundamental Analysis
Technical Analysis
SEO
USDCHF Hits New Highs as USD Strengthens, Eyes Further Gains Ahead. EURUSD reaches target.
USDCHF Hits New Highs as USD Strengthens, Eyes Further Gains Ahead. EURUSD reaches target.
USDCHF is trading higher as the USD gains ground against major currencies. Price is approaching key levels, with potential upside targets near the 0.8057-0.80597 range.
EUR
CHF
USD
USDJPY stretches above 200 hour MA. Tests 100 hour MA.
USDJPY stretches above 200 hour MA. Tests 100 hour MA.
The 200-hour MA is broken at 147.49. The 100-hour MA at 147.646 is tested
GBP/USD steady near 1.35 as Powell hints at Fed cut
GBP/USD steady near 1.35 as Powell hints at Fed cut
GBP/USD consolidates during the North American session on Monday after last Friday’s dovish tilt by the Federal Reserve Chair Jerome Powell, who said that risks to the labor markets are rising, an indication that monetary policy is cooling the jobs market.
GBPUSD
Majors
Fed
Technical Analysis
Macroeconomics
Silver Price Forecast: XAG/USD consolidates breakout near $39.00, eyes fresh multi-year highs
Silver Price Forecast: XAG/USD consolidates breakout near $39.00, eyes fresh multi-year highs
Silver (XAG/USD) is holding firm near a one-month high on Monday, consolidating the gains that followed a strong bullish breakout on Friday.
Silver
XAGUSD
Technical Analysis
USDCAD technicals: USDCAD consolidates the Friday declines within a swing area
USDCAD technicals: USDCAD consolidates the Friday declines within a swing area
The USDCAD is trading within a swing area between 1.3812 and 1.38315
USDCHF technicals: USDCHF buyers push back above a swing area but sellers still in control
USDCHF technicals: USDCHF buyers push back above a swing area but sellers still in control
USDCHF buyers strive to push back above key resistance levels amidst a battle with sellers. Focus on crucial support at 0.8017 and resistance at 0.8047 to determine market direction.
The USD is mostly higher to kickstart the new trading day/week
The USD is mostly higher to kickstart the new trading day/week
UK is on holiday but the forex market never sleeps.What of the technical levels that are driving the EURUSD, USDJPY and GBPUSD?
Gold clings to two-week highs as US Dollar stabilizes
Gold clings to two-week highs as US Dollar stabilizes
Gold (XAU/USD) kicks off the week on a softer footing after touching a two-week high on Friday, following Federal Reserve (Fed) Chair Jerome Powell’s dovish remarks at the Jackson Hole Symposium that fueled a broad rally in precious metals.
Gold
SEO
XAUUSD
Fed
Technical Analysis
USD/JPY: Likely to trade in a range between 146.80 and 147.85 – UOB Group
USD/JPY: Likely to trade in a range between 146.80 and 147.85 – UOB Group
US Dollar (USD) is likely to trade in a range between 146.80 and 147.85. 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
EUR soft despite fresh highs – Scotiabank
EUR soft despite fresh highs – Scotiabank
The Euro (EUR) is down a modest 0.3% as it fades a slight portion of Friday’s gains, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EURUSD
Banks
Technical Analysis
NZD/USD has scope to test 0.5885 before levelling off – UOB Group
NZD/USD has scope to test 0.5885 before levelling off – UOB Group
Rapid rise in New Zealand Dollar (NZD) has scope to test 0.5885 before levelling off becomes likely. In the longer run, NZD appears to have entered a range-trading phase; for the time being, it is likely to trade between 0.5820 and 0.5920, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
CAD flat vs. the USD and gaining on crosses – Scotiabank
CAD flat vs. the USD and gaining on crosses – Scotiabank
The Canadian Dollar (CAD) is entering Monday’s NA session unchanged vs. the USD as it consolidates Friday’s Jackson Hole-driven gains.
USDCAD
Banks
Canada
BOC
Technical Analysis
AUD/USD: Likely to trade in a range of 0.6460/0.6510 – UOB Group
AUD/USD: Likely to trade in a range of 0.6460/0.6510 – UOB Group
AUD is likely to trade in a range of 0.6460/0.6510. 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
GBP/USD: Likely to trade in a range of 1.3465/1.3545 – UOB Group
GBP/USD: Likely to trade in a range of 1.3465/1.3545 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3465/1.3545. 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 consolidate between 1.1665 and 1.1745 – UOB Group
EUR/USD: Likely to consolidate between 1.1665 and 1.1745 – UOB Group
Euro (EUR) is likely to consolidate between 1.1665 and 1.1745. In the longer run, increase in upward momentum is not enough to indicate a sustained rise; EUR must first close above 1.1745, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Technical Analysis
EURUSD
Banks
EUR/GBP Price Forecast: In a near-term bullish bias towards 0.8680
EUR/GBP Price Forecast: In a near-term bullish bias towards 0.8680
The Euro bounced up from the bottom of the last six weeks' trading range near 0.8600 against the British Pound last week, and the pair remains biased higher on Monday, despite a slight daily pullback which, so far, remains contained above 0.8660
EURGBP
Currencies
Crosses
ECB
Technical Analysis
Bullish
NZD/USD: RBNZ’s dovish cut reinforces a downward bias for NZD – OCBC
NZD/USD: RBNZ’s dovish cut reinforces a downward bias for NZD – OCBC
New Zealand Dollar (NZD) bounced off its post-RBNZ lows, owing to a softer US Dollar (USD), but magnitude of strengthening was relatively weak. Pair last seen at 0.5855 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
NZDUSD
Technical Analysis
Banks
DXY: USD bears need momentum from data – OCBC
DXY: USD bears need momentum from data – OCBC
US Dollar (USD) fell post Powell’s speech at Jackson Hole. But the decline in USD did not make fresh lows. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
USD: Open-ended again – Commerzbank
USD: Open-ended again – Commerzbank
Chairman Powell managed to surprise the market on Friday after all, putting pressure on the US dollar. Expectations had been gradually scaled back over the previous week, allowing the US dollar to benefit. On Friday, EUR/USD even traded in the 1.15 range once again.
DollarIndex
Banks
Technical Analysis
Fed
EURUSD
EUR/USD: Range still intact – OCBC
EUR/USD: Range still intact – OCBC
Euro (EUR) rose sharply post-Powell’s speech last Friday amid USD softness. EUR was last at 1.17 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Banks
Technical Analysis
Silver Price Forecast: XAG/USD targets confluence resistance zone around $39.00
Silver Price Forecast: XAG/USD targets confluence resistance zone around $39.00
Silver price (XAG/USD) edges lower after three days of gains, trading around $38.80 per troy ounce during the European hours on Monday.
XAGUSD
Silver
Technical Analysis
Commodities
Metals
FX option expiries for 25 August 10am New York cut
FX option expiries for 25 August 10am New York cut
A look at what is on the board for today
Options
Forex
Gold Price Forecast and Technical Analysis Today
Gold Price Forecast and Technical Analysis Today
Gold futures trade at 3408.5, sitting just under today’s bearish threshold of 3409.7. Bias leans bearish with intraday targets at 3406.7, 3405.7, and 3403.2. Bulls must reclaim 3414.1 for upside momentum. Despite today’s pressure, gold remains a strong performer in 2025, up 29.1% YTD and 35.2% over 1 year.
Gold
TradeCompass
Micro Gold Futures
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 173.00
EUR/JPY Price Forecast: Constructive outlook prevails, first upside barrier emerges above 173.00
The EUR/JPY cross trades on a positive note near 172.40 during the early European session on Monday, bolstered by improved risk sentiment. However, hawkish remarks from the Bank of Japan (BoJ) Governor Kazuo Ueda might lift the Japanese Yen (JPY) and cap the upside for the cross. 
Crosses
EURJPY
Technical Analysis
EUR/USD surges above 1.17 as Powell hints at September Fed cut
EUR/USD surges above 1.17 as Powell hints at September Fed cut
EUR/USD skyrockets during the North American session after Federal Reserve (Fed) Chairman Jerome Powell leaned dovish at his Jackson Hole speech, opening the door for a resumption of the easing cycle. The pair trades at 1.1718, up by 0.97%.
EURUSD
Technical Analysis
Fundamental Analysis
Fed
SEO
Gold above $3,370 as Powell turns dovish, labor risks rise
Gold above $3,370 as Powell turns dovish, labor risks rise
Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321.
Gold
XAUUSD
Fundamental Analysis
Technical Analysis
SEO
NZDUSD retraces back above old floor after more dovish Powell
NZDUSD retraces back above old floor after more dovish Powell
The NZDUSD is down on the week on the back of a dovish RBNZ
USDJPY tests a key swing area ahead of the August low
USDJPY tests a key swing area ahead of the August low
The swing area between 146.615 and 146.729 is being tested
GBPUSD tilts the bias back to the upside
GBPUSD tilts the bias back to the upside
The 200 hour moving average is now close support at 1.3505 in the GBPUSD
USD/CAD slides as Powell turns dovish, Canadian Retail Sales upbeat
USD/CAD slides as Powell turns dovish, Canadian Retail Sales upbeat
USD/CAD tumbles over 0.49% during the North American session as Fed Chair Jerome Powell leaned dovish and strong Canadian Retail Sales boosted the Loonie. At the time of writing, the pair trades at 1.3835 after hitting a daily high of 1.3924.
USDCAD
Fed
Majors
Macroeconomics
Technical Analysis
US stocks move higher. Yields lower. US dollar lower after Fed Powell speech
US stocks move higher. Yields lower. US dollar lower after Fed Powell speech
The dollar declined by -0.40% to -1% versus the major currencies.
EUR/GBP consolidates above 0.8650 as German GDP contracts and UK sentiment improves
EUR/GBP consolidates above 0.8650 as German GDP contracts and UK sentiment improves
The EUR/GBP cross is trading with subdued price action on Friday, consolidating above the 0.8650 level after paring earlier losses during the American session.
Crosses
EURGBP
Technical Analysis
Gold struggles as strong US Dollar and yields weigh ahead of Powell's Jackson Hole speech
Gold struggles as strong US Dollar and yields weigh ahead of Powell's Jackson Hole speech
Gold (XAU/USD) is trading on the back foot for a second straight day on Friday, weighed down by a strong US Dollar (USD) and firm Treasury yields. At the time of writing, the precious metal is hovering near $3,325, down 0.40% on the day.
Gold
SEO
Technical Analysis
Fed
DollarIndex
The USD is little changed as the NA session begins and ahead of the Fed Chair speech
The USD is little changed as the NA session begins and ahead of the Fed Chair speech
USD little changed as NA session opens before Fed Chair Powell's pivotal speech at Jackson Hole symposium. Markets eager for insight on monetary policy amidst rate cut speculation.
AUD/USD Price Forecast: Below 0.6415, the pair might fall to 0.6375
AUD/USD Price Forecast: Below 0.6415, the pair might fall to 0.6375
Aussie Dollar’s upside attempts have been contained below 0.6430 so far on Friday, and the pair turned lower again to two-month lows at the 0.6415 area, which is being tested at the time of writing.The US Dollar is outperforming its main peers, underpinned by a moderate risk-averse market.
AUDUSD
Currencies
Majors
Technical Analysis
Broker Rebates