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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.
Forex Today: EMU's flash inflation and the ISM Manufacturing in the spotlight
The US Dollar (USD) started the week on the defensive, slipping back to multi-week troughs amid the inactivity in the US markets and a broad-based firmer tone in the risk complex.
Hectic data docket culminates in critical US NFP reading
September opens up on a quiet note, with US markets shuttered on Monday for a long weekend.
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 7.6% drop in August as rising US supply and weaker seasonal demand weighed on sentiment.
AUD/USD kicks off key week with another bullish foot forward
AUD/USD rose on Monday, testing around one-fifth of one percent higher to kick off the new trading week.
USD/JPY steadies above 147.20 as US tariffs ruled illegal
The USD/JPY posted minimal gains on Monday after losing over 2.40% in August amid thin trading, with US markets closed in observance of Labor Day. The pair trades at 147.28 as the Greenback continues to weaken amid news that the US Court of Appeals has ruled Trump's tariffs illegal.
EUR/USD steadies above 1.1700 as US Dollar stabilizes in holiday-thinned trade
The Euro (EUR) is struggling to extend its advance against the US Dollar (USD) as the Greenback steadies after slipping to a more than one-month low during the Asian session with EUR/USD, easing from the upper end of the trading range that has contained price action since early August.
USD/CAD steadies near four-week low amid thin holiday trading
The Canadian Dollar (CAD) is slightly weaker against the US Dollar (USD) on Monday, with USD/CAD rebounding from earlier losses to halt a four-day decline.
GBP/USD opens the door to a visit to 1.3600
The British Pound rapidly shrugs off Friday's hiccup and manages to regain composure on Monday, lifting GBP/USD past 1.3500 the figure in a context dominated by the widespread selling bias in the Greenback.
EUR/GBP softens as Eurozone PMI strength fails to lift Euro
The Euro (EUR) edges lower against the British Pound (GBP), with EUR/GBP slipping below 0.8660 and snapping a two-day winning streak.
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.
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.
Gold nears all-time high as US Dollar weakens and Fed rate cut bets grow
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.
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.
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.
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.
USD/JPY consolidates around 147.00 at the start of busy US-data week
The USD/JPY pair trades in a tight range around 147.00 during the European trading session on Monday. The pair wobbles, even as the US Dollar (USD) sinks to its monthly low, suggesting that the Japanese Yen (JPY) is also weak.
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.
AUD/USD advances to near 0.6550 as US Dollar declines ahead of US job data
The AUD/USD pair gains sharply to near 0.6560 during the European trading session Monday. The Aussie pair advances as the US Dollar (USD) underperforms its peers on expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy meeting this month.
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.
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