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EUR/JPY Price Forecast: First upside barrier emerges above 174.50
The EUR/JPY cross holds steady near 174.40 during the early European session on Tuesday. Political uncertainty in Japan ahead of the Liberal Democratic Party leadership election scheduled for October 4 could weigh on the Japanese Yen (JPY) against the Euro (EUR).
FX option expiries for Sept 23 NY cut
FX option expiries for Sept 23 NY cut at 10:00 Eastern Time via DTCC can be found below.
When are the HCOB German/ Eurozone flash PMIs and how could they affect EUR/USD?
The German and Eurozone have the preliminary Purchasing Managers' Index (PMI) data for September to be released by S&P Global and Hamburg Commercial Bank (HCOB) on Tuesday, later this session at 07:30 and 08:00 GMT, respectively.
USD/CHF trades subduedly around 0.7920 ahead of Fed Powell's speech
The USD/CHF pair demonstrates a subdued performance around 0.7920 during the late Asian trading session on Tuesday. The Swiss Franc pair is expected to stay on the sidelines, with investors awaiting the speech from Federal Reserve (Fed) Chair Jerome Powell scheduled at 16:35 GMT.
NZD/USD hangs near three-week low, around mid-0.5800s amid modest USD uptick
The NZD/USD pair struggles to capitalize on the previous day's bounce from a technically significant 200-day Simple Moving Average (SMA) and attracts fresh sellers during the Asian session on Tuesday.
US Dollar Index holds steady above 97.00 ahead of Fed's Powell speech
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a stronger note near 97.30 during the Asian trading hours on Tuesday.
USD/CAD holds gains near 1.3850 amid lower Oil prices
USD/CAD extends its gains for the second successive session, trading around 1.3830 during the Asian hours on Tuesday. The pair draws support as the commodity-linked Canadian Dollar (CAD) weakens on declining Oil prices, given that Canada is the largest Oil exporter to the United States (US).
Japanese Yen moves away from two-week low touched against USD on Monday
The Japanese Yen (JPY) remains on the front foot against its American counterpart during the Asian session on Tuesday and looks to build on the previous day's recovery move from a two-week trough.
Australian Dollar holds losses following weaker PMI data
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Tuesday, following the release of the preliminary Australia's S&P Global Purchasing Managers' Index (PMI) data.
PBOC sets USD/CNY reference rate at 7.1057 vs. 7.1106 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1057 compared to the previous day's fix of 7.1106 and 7.1066 Reuters estimate.
NZD/USD posts modest gains above 0.5850 as traders await Fed's Powell speech, US PMI data
The NZD/USD pair gathers strength around 0.5865 during the early Asian session on Tuesday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) on growing expectations of a further rate cut from the US Federal Reserve (Fed).
GBP/USD clips three-day losing streak, bounces off key technicals
GBP/USD rebounded on Monday, snapping a three-day losing streak and chalking in a technical bounce from the 50-day Exponential Moving Average (EMA) as broad-market Greenback flows recede.
USD/JPY loses ground below 148.00 as traders digest Fed speeches
The USD/JPY pair loses ground to near 147.75 during the early Asian session on Tuesday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as investors digested comments from Federal Reserve (Fed) officials about its latest monetary policy stance.
Australia's S&P Global Manufacturing PMI declines to 51.6 in September
The preliminary reading of Australia's S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in September versus 53.0 prior, the latest data published by S&P Global showed on Tuesday.
USD/CHF Price Forecast: Slips below 0.7950 as bears gain momentum
The USD/CHF retreats on Monday as the technical picture suggest the downtrend might resume in the near term. At the time of writing, the pair trades at 0.7923 below the 0.8000 figure, poised to test yearly lows of 0.7829.
EUR/USD rallies to 1.1800 as Dollar slumps ahead of Powell
EUR/USD rallies as the Greenback gets hammered, hovers around 1.1800 up 0.47% in the day as market players wait for clues of further easing by the Federal Reserve, as a flurry of officials would cross the wires during the week.
Canadian Dollar drives lower as Loonie races Greenback to the bottom
The Canadian Dollar (CAD) weakened once again on Monday, falling against the US Dollar (USD) and closing off potential for a near-term bullish reversal.
USD/JPY retreats from two-week high as Greenback momentum fades
The Japanese Yen (JPY) trims early losses against the US Dollar (USD) on Monday, with USD/JPY easing from its strongest level since September 8, near 148.38 touched in the Asian session.
Forex Today: It's PMI-day!
The US Dollar (USD) has started the week on the back foot, fading part of the post-Fed advance as investors shifted to a more prudent stance prior to key data releases and comments from Fed officials, including Chair Powell.
Fed's Hammack warns that inflation will probably rise further
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack warned on Monday that inflation pressures will likely persist for the time being, noting challenges on both sides of the Fed's mandate to both control inflation and support the labor market.
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