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Dow Jones futures tick higher as prospects for Fed rate cut strengthen
Dow Jones futures rise 0.15% to trade above 45,500 during European hours on Monday, ahead of the United States (US) market open. Meanwhile, the S&P 500 futures gain 0.18% near 6,500, while Nasdaq 100 futures climb 0.31% to around 23,750.
GBP/JPY Price Forecast: Bulls face strong resistance at 200.30
The British Pound attempted to appreciate against a weaker Yen in the early morning trade, but sellers appeared at the 200.30 area, sending the pair 0.15% lower to the mid-range of the 199.00s.The Japanese Yen depreciated across the board in early trading as investors reacted to the announcement of
Eurozone Sentix Investor Confidence Index drops to -9.2 in September from -3.7
Investors sentiment in the Eurozone deteriorated in September, with the Eurozone Sentix Investor Confidence Index dropping to -9.2 from -3.7 in August.
US Dollar Index Price Forecast: 100-day SMA remains a key barrier
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, trades 0.15% lower around 97.60 during the European trading session on Monday.
Silver Price Forecast: XAG/USD has a strong support at $40.50
Silver (XAG/USD) has reversed losses after bouncing at $40.50 earlier on Monday, with price action returning to levels right above $41.00.
EUR/JPY Price Forecast: Falls to near 173.00 after pulling back from 14-month lows
EUR/JPY loses ground after opening from a gap up, 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 is moving upwards within the ascending channel pattern.
Pound Sterling gains against US Dollar on intensifying Fed dovish bets
The Pound Sterling (GBP) trades firmly near 1.3500 against the US Dollar (USD) during the European trading session on Monday.
EUR/USD clings to gains with one eye on France's political crisis
The EUR/USD pair is ticking higher, trading near 1.1715 at the European session opening on Monday.
Forex Today: Gold rises to record-high as USD struggles to rebound after dismal jobs data
Here is what you need to know on Monday, September 8:
WTI trades above $62.50 due to potential for additional sanctions on Russian Oil
West Texas Intermediate (WTI) Oil price gains ground after three days of losses, trading around $62.70 during the early European hours on Monday.
NZD/USD rallies beyond 0.5900 on Dollar weakness, strong China's trade
The New Zealand Dollar has opened the week on a strong note, fuelled by US Dollar weakness, as investors brace for a Federal Reserve rate cut next week, and strong trade balance figures from China, New Zealand's main trading partner.The pair is trading higher for the second consecutive day, reaching
USD/CAD extends the rally above 1.3800 as odds of BoC rate cut rise
The USD/CAD pair extends its upside to near 1.3830 during the early European trading hours on Monday. A weaker Canadian job report undermines the Canadian Dollar (CAD) against the US Dollar (USD). The US Producer Price Index (PPI) for August will be the highlight later on Wednesday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $62.53 per barrel, up from Friday's close at $61.72.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.46.
Eurozone Industrial Production jumps 1.3% MoM in July, as expected
The Eurozone industrial sector activity turned around in July, the latest data published by Eurostat showed on Monday.
GBP/USD Price Forecast: Bullish outlook remains in play near 1.3500
The GBP/USD pair edges lower to around 1.3500 during the early European session on Monday, bolstered by a modest rebound in the US Dollar (USD).
EUR/GBP steadies near 0.8700 due to political uncertainty in France
EUR/GBP holds ground for the second successive session, trading around 0.8680 during the Asian hours on Monday. The currency cross maintains its position as the Euro (EUR) steadies, driven by market caution amid political uncertainty in France.
GBP/JPY retreats slightly from its highest level since July 2024, back below 200.00
The GBP/JPY cross opens with a bullish gap at the start of a new trading week and touches a fresh high since July 2024, around the 200.35 region during the Asian session.
EUR/USD Price Forecast: Consolidates around 1.1700 ahead of French confidence vote
The EUR/USD pair trades in a tight range around 1.1710 during the late Asian trading session on Monday. The major currency pair consolidates as investors await French confidence vote, which is scheduled during European trading hours.
FX option expiries for Sept 8 NY cut
FX option expiries for Sept 8 NY cut at 10:00 Eastern Time via DTCC can be found below.
EUR/JPY gathers strength above 173.50 on heightened political uncertainty in Japan
The EUR/JPY cross rises to near 173.55 during the early European trading hours on Monday. The Japanese Yen (JPY) weakens against the Euro (EUR) following news that Japanese Prime Minister Shigeru Ishiba had resigned.
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