Current news is English only but we will be adding multilingual news - check back soon.
EUR/USD stalls below key trendline at 1.1740 – Société Générale
EUR/USD stalls below key trendline at 1.1740 – Société Générale
EUR/USD remains rangebound, oscillating around its 50-day moving average and capped by a multi-month descending trendline at 1.1740. A decisive break below last week’s low at 1.1580 would expose deeper retracement targets at 1.1525 and 1.1465, Société Générale's FX analysts note.
EURUSD
Technical Analysis
Banks
EUR/USD remains on the upside – UOB Group
EUR/USD remains on the upside – UOB Group
The risk for Euro (EUR) remains on the upside, but it must first close above 1.1755 before a move toward 1.1790 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
Dollar support seen beyond Fed cut expectations – ING
Dollar support seen beyond Fed cut expectations – ING
With markets focused on a September Fed rate cut, attention is shifting to other factors that could lend support to the dollar.
Banks
DollarIndex
Technical Analysis
Fed
China
USD/CNH: On the rebound – OCBC
USD/CNH: On the rebound – OCBC
USD/CNH rebounded again this morning after USD/CNY daily fix was set higher (at 7.1089 on Tue and 7.1072 on Monday vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1462, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
Technical Analysis
USDCNH
China
USD: September seasonality in play? – ING
USD: September seasonality in play? – ING
The dollar is drifting higher in quiet conditions. Weekend news about US tariffs being ruled illegal has not had much impact so far. US Treasury yields have been marked a couple of basis points higher, and US equity futures are slightly lower, ING's FX analyst Chris Turner notes.
DollarIndex
Banks
Technical Analysis
Fed
JPY: Should see demand from the US fiscal dominance story – ING
JPY: Should see demand from the US fiscal dominance story – ING
Fed independence will remain a huge theme for financial markets this year, ING's FX analyst Chris Turner notes.
USDJPY
Banks
Technical Analysis
Japan
BOJ
DXY: ISM Mfg today – OCBC
DXY: ISM Mfg today – OCBC
US Dollar (USD) a touch firmer this morning in quiet trade as US markets were closed for Labour Day holiday yesterday. DXY last at 98.35 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
Silver Price Forecast: XAG/USD trades around $40.50 after breaking below 14-year highs
Silver Price Forecast: XAG/USD trades around $40.50 after breaking below 14-year highs
Silver price (XAG/USD) halts its five-day winning streak, trading around $40.30 per troy ounce during the European hours after retreating from $40.85, the highest since September 2011, reached on Tuesday.
XAGUSD
Silver
Commodities
Technical Analysis
Metals
EUR/USD: Political risk premium misplaced – OCBC
EUR/USD: Political risk premium misplaced – OCBC
Euro (EUR) slipped modestly but still traded near recent highs of 1.17 levels. Pair was last at 1.1650, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EURUSD
Technical Analysis
Banks
EUR: Much ado about CPI – ING
EUR: Much ado about CPI – ING
There seems to be quite a lot of focus on the August eurozone CPI release today. Consensus expects headline to tick up to 2.1% YoY and core to tick down to 2.2% YoY, ING's FX analyst Chris Turner notes.
EURUSD
Banks
Technical Analysis
USD/CAD Price Forecast: Challenges EMAs resistance in a bid to reach 1.3800
USD/CAD Price Forecast: Challenges EMAs resistance in a bid to reach 1.3800
USD/CAD continues to gain ground for the second successive session, trading around 1.3780 during the European hours on Tuesday. The technical analysis of the daily chart suggests that the pair moves sideways within a rectangular pattern, suggesting a consolidation phase.
Majors
USDCAD
Technical Analysis
Equities start to get hit by bond market rumblings
Equities start to get hit by bond market rumblings
The blow up in long-end yields is biting at broader market sentiment now
A mixed start to the day for European indices
A mixed start to the day for European indices
Regional stocks are mostly lower as we get the session underway
Gold Technical Analysis – Focus on the US data this week
Gold Technical Analysis – Focus on the US data this week
Gold surged into a new all-time high as falling real yields provided a tailwind for the precious metal. What’s next?
AUD/JPY Price Forecast: Retains bullish bias, first upside target emerges near 97.00
AUD/JPY Price Forecast: Retains bullish bias, first upside target emerges near 97.00
The AUD/JPY cross attracts some buyers around 96.80 during the early European session on Tuesday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid the uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ).
AUDJPY
Technical Analysis
Crosses
Bullish
EUR/USD edges higher above 1.1700 as Fed cut bets grow
EUR/USD edges higher above 1.1700 as Fed cut bets grow
EUR/USD advanced on Monday, gaining over 0.20% amid a thin liquidity trading session, as US financial markets were closed due to the Labor Day holiday. A soft US D.S. dollar and growing bets that the Federal Reserve will cut rates at the September meeting, boosted Ethe euro’s appeal.
EURUSD
Technical Analysis
Majors
Fundamental Analysis
SEO
Gold surges past $3,450 as traders eye Fed independence, NFPs
Gold surges past $3,450 as traders eye Fed independence, NFPs
Gold rises above $3,450 and may challenge the $3,500 record on Monday, as US markets are quiet for Labor Day.
Gold
XAUUSD
Technical Analysis
Fundamental Analysis
SEO
Silver Price Forecast: XAG/USD consolidates above $40.50 after breakout to 14-year highs
Silver Price Forecast: XAG/USD consolidates above $40.50 after breakout to 14-year highs
Silver (XAG/USD) kicks off the week on a strong footing, with spot prices extending their rally for a fifth consecutive session, breaking above the $40.00 mark to hit fresh 14-year highs — levels last seen in September 2011.
Silver
XAGUSD
Technical Analysis
WTI consolidates near 100-day SMA as $65 resistance comes into play
WTI consolidates near 100-day SMA as $65 resistance comes into play
West Texas Intermediate (WTI) Crude Oil is rebounding modestly on Monday, trading near $64.45 after logging its first monthly decline since April with a 7.42% drop in August as rising US supply and weaker seasonal demand weighed on sentiment.
WTI
Oil
Technical Analysis
USD/JPY steadies above 147.20 as US tariffs ruled illegal
USD/JPY steadies above 147.20 as US tariffs ruled illegal
The USD/JPY pair posted minimal gains on Monday after losing over 2.40% in August amid thin trading, with US markets closed in observance of Labor Day.
USDJPY
Majors
Fundamental Analysis
Technical Analysis
Currencies
NASDAQ Futures Analysis for the Start of the Week
NASDAQ Futures Analysis for the Start of the Week
Things are looking more bearish than bullish, here what early traders can watch, using this expert methodolgy and analysis on Nasdaq futures.
TradeCompass
Nasdaq
Nasdaq Technical Analysis
USD/CNH: Likely to consolidate between 7.1150 and 7.1340 – UOB Group
USD/CNH: Likely to consolidate between 7.1150 and 7.1340 – UOB Group
US Dollar (USD) is likely to consolidate between 7.1150 and 7.1340. In the longer run, USD remains negative, and it could drop and potentially break below 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Banks
Technical Analysis
USDCNH
USD/JPY: Likely to trade sideways between 146.70 and 147.50 – UOB Group
USD/JPY: Likely to trade sideways between 146.70 and 147.50 – UOB Group
Momentum indicators are turning flat; US Dollar (USD) is likely to trade sideways between 146.70 and 147.50. 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
Gold consolidates below $3,500 as holiday lull tempers momentum
Gold consolidates below $3,500 as holiday lull tempers momentum
Gold (XAU/USD) kicks off the week on a stronger note, extending its advance for a fifth consecutive day to reach its highest level in more than four months, last seen on April 22.
Gold
XAUUSD
Technical Analysis
Fed
NZD/USD: Clear break above 0.5920 seems unlikely – UOB Group
NZD/USD: Clear break above 0.5920 seems unlikely – UOB Group
There is scope for New Zealand Dollar (NZD) to continue to edge higher; a clear break above 0.5920 seems unlikely. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZDUSD
Technical Analysis
Banks
AUD/USD: Clear break above 0.6555 s unlikely – UOB Group
AUD/USD: Clear break above 0.6555 s unlikely – UOB Group
Australian Dollar (AUD) is likely to test 0.6555; a clear break above this level is unlikely. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUDUSD
Technical Analysis
Banks
EUR/USD: Upward momentum is starting to build – UOB Group
EUR/USD: Upward momentum is starting to build – UOB Group
Bias for Euro (EUR) is tilted to the upside; it does appear to have enough momentum to break above 1.1720. In the longer run, upward momentum is starting to build; the probability of EUR breaking above 1.1720 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EURUSD
Technical Analysis
Banks
What does September normally have in store for markets?
What does September normally have in store for markets?
A quick look at some of the more popular seasonal trends for the month
Gold
Oil
market overview
Stocks
GBP/USD: Upward momentum is likely to lead to a higher range – UOB Group
GBP/USD: Upward momentum is likely to lead to a higher range – UOB Group
Slight increase in upward momentum is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance.
GBPUSD
Technical Analysis
Banks
Are the courts thwarting Trump's plans? – Commerzbank
Are the courts thwarting Trump's plans? – Commerzbank
When I read the news about the dismissal of Fed Governor Lisa Cook on a newsflash during my vacation, I was certain the markets would go crazy. To my surprise, however, I now have to acknowledge that EUR/USD is trading nearly unchanged compared to levels from three weeks ago.
Banks
DollarIndex
Technical Analysis
Fed
EURUSD
Gold breaks out of triangle, targets $3500 – Société Générale
Gold breaks out of triangle, targets $3500 – Société Générale
Gold has surged above the top of its months-long ascending triangle, confirming a bullish breakout and signaling further upside. Momentum indicators remain supportive as prices near April’s $3500 peak, with $3575–$3600 the next key targets, Société Générale's FX analysts note.
Gold
XAUUSD
Banks
Technical Analysis
Commodities
USD: Executive overreach – ING
USD: Executive overreach – ING
The US Labor Day holiday and the closed US Treasury market make it a little difficult to infer what investors make of Friday's federal appeals court ruling that President Donald Trump's universal tariffs were illegal.
DollarIndex
Banks
Technical Analysis
US Elections
USD/JPY: Bias to sell rallies – OCBC
USD/JPY: Bias to sell rallies – OCBC
USD/JPY continued to trade modestly softer. Pair was last at 147.09 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USDJPY
Banks
Technical Analysis
USD/CNH: Mild rebound from lows – OCBC
USD/CNH: Mild rebound from lows – OCBC
USD/CNH rebounded this morning after USD/CNY daily fix was set higher (at 7.1072 vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1319, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Banks
Technical Analysis
USDCNH
China
GBP: Will the budget date be announced this week? – ING
GBP: Will the budget date be announced this week? – ING
If the UK government wants the Bank of England to be able to react to a fiscally tight budget, it will have to announce the budget date this week, ING's FX analyst Chris Turner notes.
GBPUSD
Banks
Technical Analysis
CAD: Growth figures provide a look in the rear-view mirror – Commerzbank
CAD: Growth figures provide a look in the rear-view mirror – Commerzbank
In Canada, the effects of Donald Trump's trade war were clearly evident in the second quarter, with the economy contracting by 1.6% quarter-on-quarter (annualised).
Banks
USDCAD
Canada
BOC
Technical Analysis
DXY: US holiday today – OCBC
DXY: US holiday today – OCBC
US Dollar (USD) stays backfooted as core PCE came in largely in line with estimates. DXY last at 97.60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
DollarIndex
Banks
Technical Analysis
Fed
Broker Rebates