Show:
USD: Is fiscal dominance coming? - Commerzbank
After a nine-month pause, the US Federal Reserve is expected to resume its cycle of interest rate cuts this week. The big question is how far will it go?
USD/JPY declines to near 147.30 as US Dollar falls, Fed-BoJ policy eyed
The USD/JPY pair falls sharply to near 147.30 during the European trading session on Monday. The pair faces selling pressure as the US Dollar (USD) underperforms its peers amid firm expectations that the Federal Reserve (Fed) will start the monetary-easing campaign on Wednesday.
USD: Gearing up for Wednesday's FOMC meeting - ING
A public holiday in Japan has seen a quiet start to the week in global FX markets. In terms of overnight news, there were note some soft China activity data that calls out for some more stimulus.
Specs extend Copper longs to one-year high - ING
The latest positioning data from the CFTC shows that speculators increased their longs of COMEX Copper by 3,320 lots for a fifth consecutive week to 37,971 lots as of 9 September, the highest since 1 October 2024, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/CHF Price Forecast: Drifts towards 0.79509 amid growing bearish traction
The US Dollar keeps trading within the last few days' range against the Swiss Franc, but intra-day technical indicators start showing an incipient bearish momentum as the pair approaches 0.7950 following rejection at 0.7972.The USDollar Index, which measures the value of the US Dollar against the mo
Gold Price Forecast: XAU/USD consolidates gains above $3,615
Gold failed to find acceptance above the $3,660 area and is trading lower on Thursday, returning to $3,620, as the US Dollar appreciates for the third consecutive day, with all eyes on the US Consumer Prices Index release.
GBP: A much busier week for sterling - ING
Pound Sterling (GBP) faces a much busier week. The highlight is Thursday's MPC meeting. But before then, we have the jobs/earnings figures tomorrow and then the August CPI release on Wednesday, ING's FX analyst Chris Turner notes.
EUR/USD: Likely to trade in a range of 1.1650/1.1790 - UOB Group
Momentum indicators are mostly flat; Euro (EUR) is likely to trade in a range of 1.1705/1.1755. In the longer run, EUR could rise but any advance is likely part of a higher range of 1.1650/1.1790, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
TRY: Frequent resets - Commerzbank
Turkey's balance of payments data for July was rather encouraging. The current-account balance was only slightly in deficit (seasonally-adjusted) and reversed some of the strains observed in the preceding months, Commerzbank's FX analyst Tatha Ghose notes.
EUR: French downgrade had been expected - ING
French sovereign bonds have been trading at spreads to swap rates consistent with multiple downgrades. It is no surprise then that French debt and the euro have not reacted too much to Friday evening's decision by Fitch to downgrade France one notch to A+, ING's FX analyst Chris Turner notes.
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
China's steel output falls - ING
The National Bureau of Statistics (NBS) numbers released this morning show that China's primary aluminium production fell marginally by 0.5% YoY to 3.8mt in August, ING's commodity experts Ewa Manthey and Warren Patterson note.
RUB: CBR cut rate by less but will probably continue to cut - Commerzbank
The Russian central bank (CBR) delivered a smaller interest rate cut on Friday than the median consensus estimate of 200bp (it cut by 100bp from 18% to 17%).
Robust oil demand from China - ING
The oil market rose for a second straight session in the early trading session today, following claims by Ukraine that recent drone attacks affected Russia's two key oil hubs in the Baltic Sea.
China: Weaker August may prompt more policy support - Standard Chartered
Growth momentum further slowed in August despite resilient trade performance. FAI disappointed the most, while IP remained relatively stable and retail sales appeared to stabilise.
ECB's Kazimir: We must not change policy due to small deviations from inflation target
European Central Bank (ECB) policymaker Peter Kazimir said on Monday that "we must not change policy due to small deviations from inflation target."
EUR/JPY Price Forecast: Tests 173.00 support near nine-day EMA
EUR/JPY depreciates after two days of losses, trading around 173.10 during the European hours on Monday. The technical analysis of the daily chart suggests a persistent bullish bias as the currency cross moves upwards within the ascending channel pattern.
USD/CAD pulls back, nearing 1.3830 with central banks on focus
The US Dollar is trading moderately lower on Monday, but still trading within Friday's range above 1,3830.
Dow Jones futures advance as traders expect Fed to reduce interest rates
Dow Jones futures climb by 0.13% to trade above 45,900 during European hours on Monday, ahead of the United States (US) market open. Moreover, the S&P 500 futures advance 0.15% to trade near 6,600, while Nasdaq 100 futures edge up 0.06% to trade above 24,100.
AUD/USD jumps to near 0.6670 as Fed dovish bets improve market mood
The AUD/USD pair climbs to near 0.6670 during the European trading session on Monday.
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