Show:
USD/CNH: Rapidly increasing downward momentum - UOB Group
Bias is tilted to the downside; it is unclear whether US Dollar (USD) can break below 7.1435. In the longer run, rapidly increasing downward momentum indicates USD could drop below 7.1435; it is unclear now if 7.1290 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
CHF: Growth cools down, negotiations with the US continue - Commerzbank
Growth figures for the second quarter will be published in Switzerland this morning. The Bloomberg consensus expects weak growth of 0.1% quarter-on-quarter, which would align with the growth adjusted for sporting events reported two weeks ago, Commerzbank's FX analyst Michael Pfister notes.
USD/JPY might trade in a range between 146.40 and 148.40 - UOB Group
Further range-trading seems likely, but the softer underlying tone suggests a lower range of 146.75/147.80. 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.
USD: The battle for the Fed continues - Commerzbank
The dispute over Lisa Cook, the Fed governor dismissed by Trump, continued yesterday. The US Vice President emphasised that Trump should have the right to dismiss governors.
Dow Jones futures advance on upbeat Nvidia results, Fed cut hopes
Dow Futures rise 0.3% as the market digests Nvidia's quarterly earnings data.
NZD/USD: Any advance is likely part of a higher range of 0.5840/0.5880 - UOB Group
New Zealand Dollar (NZD) could continue to rebound; any advance is likely part of a higher range of 0.5840/0.5880.
NZD/USD gains on softer USD, despite dovish RBNZ - BBH
NZD/USD edged higher as USD weakness outweighed dovish RBNZ signals. The August ANZ business outlook survey showed business confidence improving, but activity indicators softened, reinforcing expectations of further easing.
AUD/USD: Unlikely to reach 0.6540 - UOB Group
There is a chance for Australian Dollar (AUD) to rise, but based on the current momentum, it might not be able to reach 0.6540.
EUR/USD rebounds to mid-range ahead of ECB minutes - BBH
EUR/USD bounced back toward the middle of its recent 1.1550-1.1740 range as markets await the ECB Account of the July meeting.
GBP/USD: Any advance is likely to be limited to a test of 1.3545 - UOB Group
There is room for Pound Sterling (GBP) to rebound further, but any advance is likely to be limited to a test of 1.3545. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY holds steady near 147.20 as BOJ maintains tightening bias - BBH
USD/JPY traded in a narrow range around 147.20 after BOJ Board Member Junko Nakagawa reaffirmed the bank's tightening bias but signaled that a September move is unlikely.
EUR/USD: Unlikely to break clearly above 1.1675 - UOB Group
Euro (EUR) could rebound further, but it is unlikely to break clearly above 1.1675. In the longer run, EUR is now expected to trade in a range of 1.1580/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD trades soft within narrow August range - BBH
The US Dollar (USD) has given back most of yesterday's gains and remains trapped in this month's narrow range.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data.
USD/CNH tests July low at 7.14 - Société Générale
USD/CNH is hovering near the July low of 7.14, with only limited rebound potential in sight. Failure to break above 7.19 would keep the bearish trend intact, opening the door for a deeper move toward 7.11 and possibly 7.07, Société Générale's FX analysts note.
USD/JPY: Focus on Tokyo CPI tomorrow - OCBC
USD/JPY slipped overnight amid pullback in UST yields. There was news of top trade negotiator Akazawa cancelling his trip to Washington as there were points that needed to be debated at the administrative level. This saw little FX reaction. Pair was last at 147.10 levels.
USD: Choppy month-end conditions - ING
Having been a little bid early yesterday, the dollar has come back broadly offered. Short-dated US yields remain near their recent lows, and most would conclude that this week's removal of the Fed's Lisa Cook by President Trump is dollar-negative.
DXY: 2Q GDP today - OCBC
US Dollar (USD) dipped overnight, tracking the moves lower in UST yields. DXY last at 98 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY: A considered move from the PBoC - ING
Even though the model-based estimates of where the People's Bank of China should be fixing USD/CNY are not moving much, the PBoC is fixing USD/CNY decidedly lower. It seems increasingly clear that Chinese authorities want a stronger renminbi, ING's FX analyst Chris Turner notes.
US Dollar Index Price Forecast: Tests 98.00 support after breaking below nine-day EMA
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its losses for the third successive session and trading around 98.10 during the European hours on Thursday.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy