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EUR/GBP holds firm as markets eye Eurozone, UK CPI and Lagarde's remarks
The Euro (EUR) is trading with a steady tone against the British Pound (GBP) on Tuesday, with the EUR/GBP cross hovering below the 0.8650 psychological mark at the start of the American session.
US Treasury's Bessent: Fed rate cut could facilitate a pickup in home building
United States (US) Treasury Secretary Scott Bessent said on Tuesday that a rate cut by the Federal Reserve (Fed) could facilitate a pickup in home building and keep prices down for one to two years down the road, per Reuters.
JPY range bound ahead of key data - Scotiabank
The Japanese Yen is up modestly 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.
GBP quiet despite continued support from fundamentals - Scotiabank
The Pound Sterling (GBP) is entering Tuesday's NA session with a modest 0.1% gain, lagging its European currency peers while slightly outperforming growth-sensitive commodity peers CAD and AUD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR extending consolidation around 1.17 - Scotiabank
The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD underperforms again - Scotiabank
The Canadian Dollar (CAD) is marginally softer versus the US Dollar (USD) on the day, with a mild net loss on the session contrasting--once again--with moderate gains for the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
BoE to cut bank rate by 25 bps to 3.75% in Q4 - Reuters Poll
50 of 62 economists polled by Reuters said that they expect the Bank of England (BoE) to cut the policy rate once more this year, in the fourth quarter, by 25 basis points to 3.75%.
USD edges lower in calm trade - Scotiabank
Markets continue to play the waiting game and the major currencies are idling in a calm, range trading environment ahead of Friday's Powell comments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP/USD returns above 1.3500 as traders brace for hotter UK inflation
The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday's UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485
USD/JPY has scope to extend to 148.30 - UOB Group
The sharp rise in US Dollar (USD) has scope to extend to 148.30; the major resistance at 148.80 is unlikely to be tested. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: Likely to trade in a range of 0.5905/0.5940 - UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5905/0.5940. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD is still trading in a range - UOB Group
The bias for Australian Dollar (AUD) is tilted to the downside toward 0.6475; the major support at 0.6455 is unlikely to come into view. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 - UOB Group
Rapidly increasing downward momentum suggests Pound Sterling (GBP) could continue to decline, potentially dropping below 1.3485. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Likely to trade with a downward bias - UOB Group
Euro (EUR) is likely to trade with a downward bias; any decline is unlikely to threaten the major support at 1.1630. In the longer run, outlook is mixed; for the time being, EUR is likely to trade in a range of 1.1630/1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
China steel output falls - ING
Chinese steel output fell in July for a third straight month, hitting its lowest this year amid government efforts to control supply, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD: Good friends and allies - Commerzbank
The meeting between Ukrainian President Zelensky and US President Trump yesterday certainly went better than feared. At least in comparison to the disastrous meeting in February.
USD/CAD rebound extends beyond key trend line - Société Générale
USD/CAD has reinforced its recovery after bottoming near 1.3535 in June, breaking above a multi-month trend line and the 50-day average.
AUD/JPY dips below 96.00, geopolitical optimism limits downside
AUD/JPY offers its recent gains from the previous session, trading around 95.80 during the European hours on Tuesday. The currency cross depreciates as the Australian Dollar (AUD) remains subdued despite an improved Westpac Consumer Confidence.
CAD: July inflation should be consistent with easing - ING
Canada releases July inflation today, ING's FX analyst Francesco Pesole notes.
Oil markets look ahead to Zelensky-Putin meeting - ING
Oil prices are marginally lower in early morning trading today, following the meeting between Presidents Trump and Zelensky.
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