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Silver Price Forecast: XAG/USD consolidates gains, momentum favors bulls above $41.00
Silver (XAG/USD) extended its gains for a second consecutive day on Monday, briefly touching a fresh 14-year high at $41.67 before easing slightly.
Canadian Dollar holds steady ahead of key US data
The Canadian Dollar (CAD) is holding within near-term levels on Monday, pushing USD/CAD into a sideways grind over three market sessions. Despite recent shakes on the chart and the appearance of a potential technical floor, the CAD continues to explore lower closes against the Greenback.
Dow Jones Industrial Average churns in place as traders await inflation data
The Dow Jones Industrial Average (DJIA) churned chart paper on Monday, finding a near-term floor at the 45,400 level. Investors continue to lean into bets that the Federal Reserve (Fed) will deliver an interest rate cut on September 17.
NY Fed showcases ongoing consumer inflation concerns
According to the Federal Reserve (Fed) Bank of New York, consumer inflation expectations ticked higher once again, and ongoing employment expectations also decayed.
GBP/USD climbs as Fed-BoE policy divergence fuels Pound strength
The Pound Sterling advances at the beginning of the week as traders continue to digest the recent US employment report that keeps investors' chances about an interest rate cut by the Fed. At the time of writing, the GBP/USD trades at 1.3541, up 0.26%.
United States FX Today: US Dollar to face annual NFP revision
The US Dollar starts the week on the defensive ahead of the release of the preliminary estimate of the annual revision of Nonfarm Payrolls (NFP) by the Bureau of Labor Statistics (BLS) on Tuesday, September 9 at 14:00 GMT.
EUR/USD edges higher as US Dollar weakens, France confidence vote looms
The Euro (EUR) edges higher against the US Dollar (USD) on Monday, with EUR/USD hovering near its strongest level since late July.
Australia Forex Today: Australian Dollar extends gains ahead of Consumer Confidence
The Australian Dollar (AUD) starts the week on a positive note against the US Dollar (USD), with AUD/USD trading around 0.6590, up approximately 0.5% over the session, following upbeat Chinese trade data and a weakening of the Greenback due to softer employment indicators and rising expectations of
WTI Price Forecast: Oil eases after failed attempt to reclaim $63 handle
WTI (West Texas Intermediate) Crude Oil edges lower on Monday, trimming earlier gains after a brief rebound from last week's three-month low.
EUR/GBP edges lower as France confidence vote puts Euro under pressure
The Euro (EUR) is trading under pressure against the British Pound (GBP) on Monday, with EUR/GBP hovering above 0.8660 at the time of writing. The cross remains subdued as traders adopt a wait-and-see stance ahead of a crucial confidence vote in France later today.
Will Nonfarm Payrolls revisions hint at a 50 bps Fed cut next week?
The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9.
JPY is weak and underperforming - Scotiabank
The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies to start the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP is looking well supported - Scotiabank
The Pound Sterling (GBP) is trading with modest support and entering Monday's NA session with a slightly bullish bias, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY rebound stalls below 200-DMA - Société Générale
USD/JPY has bounced from its August low near 146.20 but remains capped by the 200-day moving average. Failure to clear resistance around 150.90-151.20 would keep downside risks in play, with a break below 146.20 opening the door to a deeper correction, Société Générale's FX analysts note.
EUR quiet ahead of ECB Thursday - Scotiabank
The Euro (EUR) is quietly consolidating in a tight range and entering Monday's NA session unchanged from Friday's close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Gold rallies into uncharted territory, fueled by Fed easing bets and global risks
Gold (XAU/USD) begins the week on an impressive bullish note, soaring to fresh all-time highs above $3,600 per ounce on Monday.
USD/CNH test the major support at 7.1200 before recovery is likely - UOB Group
There is a chance for US Dollar (USD) to test the major support at 7.1200 before a more sizeable recovery is likely.
CAD soft but off overnight low as BoC rate expectations shift - Scotiabank
The Canadian Dollar (CAD) has firmed a little on the session, catching a mild lift amid broader US Dollar (USD) losses but gains are lagging decent intraday gains for the NZD and AUD amid positive risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY: Likely to trade in a range between 146.55 and 149.55 - UOB Group
Rapid advance in US Dollar (USD) has scope to test 148.80 before leveling off; 149.55 is unlikely to come under threat. In the longer run, outlook is mixed; USD could trade in a range between 146.55 and 149.55 for now.
NZD/USD Price Forecast: Soars to near 0.5930 amid risk-on market sentiment
The NZD/USD pair trades 0.66% higher to near 0.5930 during the European trading session on Monday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers amid cheerful market sentiment.
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