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GBP/CAD slides to four-week low as UK gilt rout rattles Sterling, Canada PMI shows improvement
The Pound Sterling (GBP) faces broad-based selling pressure on Tuesday, with GBP/CAD tumbling sharply as concerns over the United Kingdom's (UK) fiscal trajectory and surging Gilt yields dominate market sentiment.
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.
Gold 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.
JPY 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.
The 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.
GBP 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.
Silver 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.
AUD/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.
EUR 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.
Europe'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.
CAD 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.
No further increase in OPEC+ production quotas expected - Commerzbank
This coming weekend, the OPEC+ countries with voluntary production cuts will meet virtually, Commerzbank's commodity analyst Carsten Fritsch notes.
USD gains on haven demand - Scotiabank
Welcome to September. A traditionally tough month for stocks and, more recently bonds, is starting off in rather typical fashion, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY accelerates its recovery tests monthly highs at 147.80
The US Dollar is going through a strong comeback on Tuesday.
EUR/GBP surges towards 0.8700 as Sterling slumps on soaring UK bond yields
The EUR/GBP pair advances to near 0.8685 during the European trading session on Tuesday.
Gold Price Forecast: XAU/USD's reversal from the $3,500 area holds at $3,470
Gold is trading higher for the sixth consecutive day on Tuesday, but the precious metal found sellers at all-time highs right above the $3,500 level, and has given away most of the daily gains, weighed by a strong US Dollar recovery.The US Dollar Index, which measures the value of the Greenback agai
Oil prices rise again - Commerzbank
Oil prices started the month with gains. Brent quickly made up for the 'losses' caused by the contract rollover and broke through the $68 per barrel mark during the course of the day. Due to Labor Day, US markets were closed on Monday, which reduces the significance of yesterday's price movements.
EUR/USD stalls below key trendline at 1.1740 - Société Générale
EUR/USD remains rangebound, oscillating around its 50-day moving average and capped by a multi-month descending trendline at 1.1740. A decisive break below last week's low at 1.1580 would expose deeper retracement targets at 1.1525 and 1.1465, Société Générale's FX analysts note.
China: Exports likely slowed in August - Standard Chartered
Official manufacturing PMI inched up to 49.4 in August, staying below 50 for five straight months. Export growth likely edged down due to fading front-loading effect and emerging tariff impact. Base effects likely dragged CPI into negative territory; PPI deflation may have eased significantly.
EUR/USD remains on the upside - UOB Group
The risk for Euro (EUR) remains on the upside, but it must first close above 1.1755 before a move toward 1.1790 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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