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GBP gains driven by sentiment - Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/CAD Price Forecast: Consolidates around 1.3800 ahead of US NFP revision
The USD/CAD pair trades in a tight range inside Monday's range around 1.3800 during the European session on Tuesday. The Loonie pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) benchmark revision report, which will be published at 14:00 GMT.
China's coal imports rose in August - Commerzbank
As transport data had previously indicated, China imported significantly more coal in August than in previous months: according to data from the Chinese customs authority, 42.7 million tons of coal were imported, the highest level since December last year, Commerzbank's commodity analyst Barbara Lam
EUR quiet but threatening multi-year highs - Scotiabank
The Euro (EUR) is quietly consolidating its recent gains and trading at fresh one month highs vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/JPY dives to levels near 172.00 after BoJ's hawkish comments
The Euro reversal from 173.90 highs against the Yen is extending 0.73% lower so far on Tuesday, reaching one-week lows at 172.20 so far, as the JPY appreciates across the board following hawkish comments by BoJ officials.
China is building up crude Oil reserves - Commerzbank
Part of the crude Oil imports in recent months has also gone into stockpiling, Commerzbank's commodity analyst Carsten Fritsch notes.
CAD holds neutral range vs USD - Scotiabank
The Canadian Dollar (CAD) is dead flat on the session, with neither the generally softer USD tone nor the bid for its commodity cousins helping lift sentiment (AUD/CAD trading near its highest since late 2024), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
China imported more crude oil and exported a high volume of oil products in August - Commerzbank
China imported 49.49 million tons of crude oil in August, according to data from the Chinese customs authority, Commerzbank's commodity analyst Barbara Lambrecht notes.
USD softens ahead of jobs data revisions - Scotiabank
The US Dollar (USD) is trading lower overall ahead of this morning's event risk.
Gold Price Forecast: XAU/USD shouts for a correction at fresh highs past $3,650
Gold keeps marching higher on Tuesday and has reached a fresh all-time high above $3,650.
AUD/USD revisits almost 10-month high around 0.6620 as US Dollar underperforms
The AUD/USD pair reclaims the 10-month around 0.6620 during the European trading session on Tuesday. The Aussie pair strengthens as the US Dollar (USD) underperforms its peers amid firm expectations that the Federal Reserve (Fed) will cut interest rates in the policy meeting next week.
USD/JPY slides to two-week lows sub-146.50 on hawkish BoJ comments
The US Dollar depreciates against the Japanese Yen for the third consecutive day on Tuesday, reaching two-week lows below 146.50 and approaching August's trough, at 146.20.
Are US inflation figures slowing down the price of Gold? - Commerzbank
The Gold price has continued to rise, reaching a new record high at the start of the new week, currently at $3,660 per troy ounce, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
USD/CNH: Downward bias is building - UOB Group
US Dollar (USD) is likely to trade with a downward bias, but any decline is unlikely to break below 7.1100. In the longer run, downward bias is building, but USD must first close below 7.1100 before a sustained decline can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
LME Aluminium cancelled warrants jump to June highs - ING
Aluminium cancelled warrants on the LME surged by 32,000 tonnes to 42,850 tonnes, the highest since early June, marking the largest daily increase since January.
NZD/USD: Overbought conditions may limit any gains to a test of 0.5960 - UOB Group
Strong momentum indicates further New Zealand Dollar (NZD) strength; overbought conditions may limit any gains to a test of 0.5960.
AUD/USD approaches key resistance at 0.6625 - BBH
AUD/USD is testing resistance near 0.6625 as resilient global activity and Australia's labor market trends support expectations for a slower pace of RBA easing.
Gold climbs to another record high - ING
In precious metals, Gold surged to a fresh record high with spot prices moving above $3,654/oz this morning, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD: Focus on payroll revisions - ING
The most recent leg of the dollar bear trend has been triggered by the soft US labour market. July and August NFP data have forced the Fed to reassess its assumption of a 'solid' labour market, and the Fed looks set to restart its easing cycle next week, ING's FX analyst Chris Turner notes.
WTI crude upside attempts fail ahead of the $63.00 area
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