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.
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.
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.
GBP/USD: Major resistance at 1.3595 is likely out of reach – UOB Group
Pound Sterling (GBP) could continue to rise; the major resistance at 1.3595 is likely out of reach. In the longer run, the current price movements are likely part of a broad range between 1.3430 and 1.3595, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
European Gas prices jump 3.5% on Russia sanction fears – ING
European natural gas prices surged as geopolitical tensions escalated, with TTF futures rising nearly 3.5% amid reports the EU may impose fresh sanctions on Russian banks and energy firms.
EUR/USD: Unlikely to be able to break clearly above 1.1790 – UOB Group
Slight increase in momentum could lead to Euro (EUR) edging higher, but it is unlikely to be able to break clearly above 1.1790. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Spain 9-Month Letras Auction rose from previous 1.959% to 1.968%
Spain 9-Month Letras Auction rose from previous 1.959% to 1.968%
Spain 3-Month Letras Auction fell from previous 1.929% to 1.909%
Spain 3-Month Letras Auction fell from previous 1.929% to 1.909%