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: 2025.09.02
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EUR/USD: Political risk premium misplaced - OCBC
Breaking news
EUR/USD: Political risk premium misplaced - OCBC
New
2025.09.02 17:54
2025.09.02 17:54
2025.09.02 17:54
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.
Daily momentum is mild bullish
"FX markets have so far 'ignored' the French political drama risk and we cautioned against complacency in the near term. The risk of a French government fallout and without a leader for weeks or even months should not be ruled out. Prediction market is looking for 96% chance that the confidence vote on 8 Sep fails."
"Recall last year, a no-confidence vote gamble (although not on budget) saw the exit of former PM Barnier. That said, we acknowledged that political risk may only have short term implication on EUR and broader fundamentals should still support EUR, on a buy on dips."
"Daily momentum is mild bullish, but RSI shows very tentative signs of it turning. 2-way trades likely. Resistance at 1.1750, 1.1830 levels (2025 high). Support at 1.1650/60 levels (21, 50 DMAs) and 1.1570 (23.6% fibo retracement of Mar low to Jul high)."
Last updated
: 2025.09.02
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USD/CAD rebounds toward 1.3800 as US Dollar firms, PMIs data in focus
The Canadian Dollar (CAD) loses ground for the second straight day on Tuesday, with USD/CAD rebounding from near four-week lows as the US Dollar (USD) strengthens broadly.
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2025.09.02 22:09Gold retreats from record $3,508 as US Dollar and yields rebound
Gold (XAU/USD) retreats on Tuesday after briefly surging to a fresh all-time high of $3,508 per ounce during the Asian session as a rebound in the US Dollar (USD) and Treasury yields triggered mild profit-taking.
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2025.09.02 21:25JPY underperforming most G10 currencies - Scotiabank
The Japanese Yen (JPY) is weak, down 0.9% against the US Dollar (USD) and underperforming all of its G10 peers with the exception of GBP, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.02 21:12The upswing in the metal markets is likely to subside again - Commerzbank
With the exception of aluminum, base metal prices have risen in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes.
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2025.09.02 21:10GBP weak and underperforming G10 - Scotiabank
The Pound Sterling (GBP) is underperforming all of the G10 currencies with a 1.1% decline against the US Dollar (USD), weakening in response to renewed fiscal concerns that have driven UK yields to fresh multi-decade highs, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.02 21:07Silver price rises to 14-year high - Commerzbank
The Silver price jumped above the USD 40 per troy ounce mark for the first time in 14 years at the beginning of the week, buoyed by the rise in the Gold price, Commerzbank's commodity analyst Carsten Fritsch notes.
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2025.09.02 20:38AUD/USD slumps to near 0.6500 as US Dollar snaps five-day losing streak
The AUD/USD pair is down 0.7% to near 0.6500 during the late European trading session on Tuesday.
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2025.09.02 20:37EUR a mid-performer but still weak vs. USD - Scotiabank
The Euro (EUR) is down 0.6% against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.02 20:35Europe's Gas storage facilities are filling up - Scotiabank
Europe's Gas storage facilities are filling up: they are now more than 77% full, reducing the gap to the usual filling level (based on the 5-year average) to 8.4 percentage points, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.02 20:33CAD softer versus USD but pick up on the crosses - Scotiabank
The Canadian Dollar (CAD) is softer against the generally stronger US Dollar (USD) on the session but losses are relatively limited, leaving the CAD the top-performer after the big dollar among G10 currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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2025.09.02 20:32Disclaimer:
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