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JPY range bound ahead of key data - Scotiabank

The Japanese Yen is up modestly against the US Dollar (USD) and a mid-performer among the G10 as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP quiet despite continued support from fundamentals - Scotiabank

The Pound Sterling (GBP) is entering Tuesday's NA session with a modest 0.1% gain, lagging its European currency peers while slightly outperforming growth-sensitive commodity peers CAD and AUD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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EUR extending consolidation around 1.17 - Scotiabank

The Euro (EUR) is up 0.2% against the US Dollar (USD) and outperforming most of the G10 currencies as we head into Tuesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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CAD underperforms again - Scotiabank

The Canadian Dollar (CAD) is marginally softer versus the US Dollar (USD) on the day, with a mild net loss on the session contrasting--once again--with moderate gains for the major currencies, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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Gold Price Forecast: XAU/USD picks up but remains within range below $3,360

Gold  (XAU/USD) is trading with a moderate positive bias on Tuesday, trading at $3,340 area after bouncing from $3,325 lows earlier on the day.

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BoE to cut bank rate by 25 bps to 3.75% in Q4 - Reuters Poll

50 of 62 economists polled by Reuters said that they expect the Bank of England (BoE) to cut the policy rate once more this year, in the fourth quarter, by 25 basis points to 3.75%.

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USD edges lower in calm trade - Scotiabank

Markets continue to play the waiting game and the major currencies are idling in a calm, range trading environment ahead of Friday's Powell comments, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CNH: Likely to trade in a range between 7.1780 and 7.1950 - UOB Group

US Dollar (USD) is likely to trade in a range between 7.1780 and 7.1950. In the longer run, USD is expected to trade in a range of 7.1730/7.2000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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China continues to produce record amounts of Copper - Commerzbank

As the figures for the 10 non-ferrous metals already indicated, refined Copper production in China continued to rise in July, Commerzbank's FX analyst Volkmar Baur notes.

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GBP/USD returns above 1.3500 as traders brace for hotter UK inflation

The Pound is retracing some losses on Tuesday with the US Dollar pulling back from recent highs amid a moderately positive market sentiment, and investors looking at Wednesday's UK CPI reading that might give further reasons to BoE hawks.The GBP/USD pair has bounced up from intra-day lows at 1.3485

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USD/JPY has scope to extend to 148.30 - UOB Group

The sharp rise in US Dollar (USD) has scope to extend to 148.30; the major resistance at 148.80 is unlikely to be tested. In the longer run, USD has likely moved back into a range-trading phase between 146.50 and 148.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Gold price between Ukraine hopes and waiting for Jackson Hole - Commerzbank

The price of Gold reacted inconclusively yesterday to Friday's summit meeting between the US and Russian presidents in Alaska. The results of the talks that were made public remained too vague to indicate any progress in efforts to end the war in Ukraine.

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NZD/USD: Likely to trade in a range of 0.5905/0.5940 - UOB Group

New Zealand Dollar (NZD) is likely to trade in a range of 0.5905/0.5940. In the longer run, NZD has likely entered a 0.5880/0.5980 consolidation phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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China exports more Oil products - Commerzbank

Yesterday, the Chinese customs authority published detailed data on Oil product exports in July, Commerzbank's commodity analyst Carsten Fritsch notes.

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AUD/USD is still trading in a range - UOB Group

The bias for Australian Dollar (AUD) is tilted to the downside toward 0.6475; the major support at 0.6455 is unlikely to come into view. In the longer run, AUD is still trading in a range, probably between 0.6455 and 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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China processeses more crude Oil in July - Commerzbank

China processed a good 63 million tons of crude Oil in July, which corresponds to a daily volume of 14.85 million barrels, Commerzbank's commodity analyst Carsten Fritsch notes.

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GBP/USD: Likely to trade in a range between 1.3415 and 1.3585 - UOB Group

Rapidly increasing downward momentum suggests Pound Sterling (GBP) could continue to decline, potentially dropping below 1.3485. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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US government steps up criticism of India over purchases of Russian Oil - Commerzbank

The White House's trade adviser, Navarro, harshly criticized India for its purchases of Russian Oil in an opinion piece in the Financial Times, Commerzbank's commodity analyst Carsten Fritsch notes.

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EUR/USD: Likely to trade with a downward bias - UOB Group

Euro (EUR) is likely to trade with a downward bias; any decline is unlikely to threaten the major support at 1.1630. In the longer run, outlook is mixed; for the time being, EUR is likely to trade in a range of 1.1630/1.1755, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Oil prices fall on hopes for an end to the war in Ukraine - Commerzbank

Oil prices initially reacted yesterday with modest losses to the meeting between US President Trump and Russian President Putin last Friday, Commerzbank's commodity analyst Carsten Fritsch notes.

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