USD/JPY: Markets digest report of BoJ’s undeterred hawkishness – Scotiabank
The Japanese Yen (JPY) is strong, up 0.7% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Tuesday’s NA session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
China’s Gas imports climb to 11-month high – Commerzbank
Gas imports also rose sharply in August, climbing 11.5% month-on-month to almost 12 million tons, Commerzbank’s commodity analyst Carsten Fritsch notes.
GBP gains driven by sentiment – Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday’s NA session, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD Price Forecast: Consolidates around 1.3800 ahead of US NFP revision
The USD/CAD pair trades in a tight range inside Monday’s range around 1.3800 during the European session on Tuesday. The Loonie pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) benchmark revision report, which will be published at 14:00 GMT.
China’s coal imports rose in August – Commerzbank
As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese customs authority, 42.7 million tons of coal were imported, the highest level since December last year, Commerzbank’s commodity analyst Barbara Lam
EUR quiet but threatening multi-year highs – Scotiabank
The Euro (EUR) is quietly consolidating its recent gains and trading at fresh one month highs vs. the US Dollar (USD), Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/JPY dives to levels near 172.00 after BoJ’s hawkish comments
The Euro reversal from 173.90 highs against the Yen is extending 0.73% lower so far on Tuesday, reaching one-week lows at 172.20 so far, as the JPY appreciates across the board following hawkish comments by BoJ officials.
China is building up crude Oil reserves – Commerzbank
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank’s commodity analyst Carsten Fritsch notes.
CAD holds neutral range vs USD – Scotiabank
The Canadian Dollar (CAD) is dead flat on the session, with neither the generally softer USD tone nor the bid for its commodity cousins helping lift sentiment (AUD/CAD trading near its highest since late 2024), Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY slides to two-week lows sub-146.50 on hawkish BoJ comments
The US Dollar depreciates against the Japanese Yen for the third consecutive day on Tuesday, reaching two-week lows below 146.50 and approaching August’s trough, at 146.20.
Are US inflation figures slowing down the price of Gold? – Commerzbank
The Gold price has continued to rise, reaching a new record high at the start of the new week, currently at $3,660 per troy ounce, Commerzbank’s Head of FX and Commodity Research Thu Lan Nguyen notes.
USD/CNH: Downward bias is building – UOB Group
US Dollar (USD) is likely to trade with a downward bias, but any decline is unlikely to break below 7.1100. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Portugal Global Trade Balance fell from previous €-8.598B to €-8.904B in July
Portugal Global Trade Balance fell from previous €-8.598B to €-8.904B in July
LME Aluminium cancelled warrants jump to June highs – ING
Aluminium cancelled warrants on the LME surged by 32,000 tonnes to 42,850 tonnes, the highest since early June, marking the largest daily increase since January.
NZD/USD: Overbought conditions may limit any gains to a test of 0.5960 – UOB Group
Strong momentum indicates further New Zealand Dollar (NZD) strength; overbought conditions may limit any gains to a test of 0.5960.
AUD/USD approaches key resistance at 0.6625 – BBH
AUD/USD is testing resistance near 0.6625 as resilient global activity and Australia’s labor market trends support expectations for a slower pace of RBA easing.
What to look out for this week
Since today, Tuesday, is a rather slow week in terms of economic news releases, we thus turn our attention and shed light to onto the events that lie ahead. Tomorrow Wednesday, attention will fall upon the latest CPI print from China in the far east and early in the Asian session, which would highlight whether […]
AUD/USD: Any advance is unlikely to reach 0.6625 – UOB Group
Strong momentum suggests Australian Dollar (AUD) could continue to rise; with negative divergence forming, any advance is unlikely to reach 0.6625.
CHF: SNB seems more tolerant of CHF strength – ING
In a wide-ranging magazine interview released yesterday, Swiss National Bank Governor Martin Schlegel seemed a little more tolerant of Swiss franc strength, ING’s FX analyst Chris Turner notes.
USD mixed ahead of key BLS payroll revisions – BBH
The US Dollar (USD) is trading mixed as investors await the Bureau of Labor Statistics’ benchmark revisions, which could slash reported payroll growth by as much as 700k over the past year.