EUR/GBP Price Forecast: Bears are pushing against the 0.8660 support area
The Euro is heading lower against the British Pound on Tuesday. The pair has retraced the last two days’ recovery and is extending last week’s reversal from 0.8710 highs to levels near 0.8660 so far.Investors’ concerns about the political crisis in France are weighing on the common currency.
AUD/USD rebound extends toward key July high at 0.6625 – Société Générale
AUD/USD is building on last month’s rally from 0.6410, reclaiming its 50-day moving average and testing resistance at the July high of 0.6625.
Dow Jones futures inch higher due to rising odds of a bumper Fed rate cut
Dow Jones futures move little, edging up 0.05% to trade around 45,600 during European hours on Monday, ahead of the United States (US) market open. Meanwhile, the S&P 500 futures advance 0.13% to trade above 6,500, while Nasdaq 100 futures climb 0.23% to trade near 23,850.
US payrolls benchmark revision promises more excitement than usual – Commerzbank
There are two possible reasons for the rise in UST yields: 1) The supply of government bonds in Western countries has continued to rise in recent years, causing yields to rise. 2) The market expects the Fed to cut interest rates, thereby fuelling inflationary pressure and forcing it to raise interes
Pound Sterling gains further against US Dollar ahead of US NFP revision
The Pound Sterling (GBP) extends its winning streak for the third trading day against the US Dollar (USD) on Tuesday.
USD/INR rebounds strongly despite weak US job demand batters US Dollar
The Indian Rupee (INR) gives back early losses against the US Dollar (USD) on Tuesday.
USD/CAD Price Forecast: Likely to find resistance at the 1.3825 area
The US Dollar is trading higher for the fourth consecutive day against the Canadian Dollar.
Forex Today: Gold corrects from record-high, USD awaits key data releases
Here is what you need to know on Thursday, September 4:
AUD/JPY Price Forecast: Tests confluence support zone near 96.50, nine-day EMA
AUD/JPY halts its winning streak that began on August 21, trading around 96.70 during the early European hours on Thursday. The technical analysis of the daily chart shows that the currency cross is positioned within the ascending channel pattern, suggesting a prevailing bullish bias.
Japanese Yen sticks to negative bias against USD; lacks bearish conviction ahead of US data
The Japanese Yen (JPY) remains on the back foot against its American counterpart through the early European session on Thursday amid a combination of negative factors.
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)
France HCOB Manufacturing PMI above expectations (49.9) in August: Actual (50.4)
Italy HCOB Manufacturing PMI increased to 50.4 in August from previous 49.8
Italy HCOB Manufacturing PMI increased to 50.4 in August from previous 49.8
Austria Unemployment: 301.4K (August) vs 290K
Austria Unemployment: 301.4K (August) vs 290K
Austria Unemployment Rate climbed from previous 6.7% to 7% in August
Austria Unemployment Rate climbed from previous 6.7% to 7% in August
EUR: French government looks likely to fall in September – ING
Hitting EUR/USD late on Monday was the surprise announcement from French Prime Minister François Bayrou that he was calling a vote of confidence in his government’s fiscal austerity plans on 8 September.
USD/JPY consolidates near 147.90 as Fed’s Cook vows to stay
The US Dollar is regaining lost ground across the board amid a new twist in the Federal Reserve saga, as Governour Lisa Cook dismissed Trump’s call to resign and committed to carry on with her duties at the Central Bank.
Dow Jones futures fall as traders adopt caution due to Fed independence concerns
Dow Jones futures fall by 28% to trade around 45,200 during European hours on Tuesday, ahead of the opening of the United States (US) regular markets. Moreover, the S&P 500 futures decline by 0.26% to trade below 6,450, and the Nasdaq 100 futures fall by 0.30%, trading around 23,400.
Forex Today: Markets turn risk-averse as Trump renews tariff threats
Here is what you need to know on Tuesday, August 26:
WTI tumbles to near $64.50 amid Russia-Ukraine supply concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.60 during the early Asian trading hours on Tuesday. The WTI edges lower as traders assess the prospects of additional US tariffs on Russia.
USD/CHF holds above 0.8050 as Fed Governor Cook refuses to resign
USD/CHF extends its gains for the second successive session, trading around 0.8060 during the Asian hours on Tuesday.