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USD/JPY recovers sharply to near 147.70 as Japanese Yen underperforms

The USD/JPY pair trades 0.35% higher to near 147.70 during the European trading session on Tuesday. The pair gains after attracting significant bids after refreshing the 10-day low around 146.60 earlier in the day.

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USD/CNH: 7.1600 is not expected to come under threat - UOB Group

There is a chance for USD to drop below 7.1750; the major support at 7.1600 is not expected to come under threat. In the longer run, US Dollar (USD) appears to have moved into a 7.1600/7.2240 range trading phase against Chinese Yuan (CNH), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Split demand for Gold in China and India - Commerzbank

On Friday, we reported on the key findings from the World Gold Council's quarterly report on Gold demand in the second quarter and first half of the year. The data is worth taking a second look at.

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Gold Price Forecast: XAU/USD extends reversal from $3,385, bears eye $3,345 support

Gold (XAU/USD) is accelerating its reversal from two-week highs at $3,385 on Tuesday.

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USD/JPY: Major support at 145.80 is unlikely to come into view - UOB Group

US Dollar (USD) could break below 146.60 against Japanese Yen (JPY); the major support at 145.80 is unlikely to come into view. In the longer run, sharp drop in USD has scope to extend, but any decline may not break below 145.80, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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OPEC+ significantly increases oil production again in September - Commerzbank

The eight OPEC+ countries with voluntary production cuts decided on Sunday, as widely expected, to increase the agreed production volume in September by a further 547,000 barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.

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NZD/USD: Expected to trade in a range between 0.5895 and 0.5930 - UOB Group

New Zealand Dollar (NZD) is expected to trade in a range between 0.5895 and 0.5930 against US Dollar (USD). In the longer run, slowdown in momentum indicates that the odds of NZD reaching 0.5845 are low.

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Oil prices under pressure after weak US data - Commerzbank

Oil prices fell by another 2% yesterday after already dropping significantly on Friday. Brent traded at just $68 per barrel at times. That is around $4 less than last Thursday, Commerzbank's commodity analyst Carsten Fritsch notes.

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AUD/USD falls slightly as US Dollar trades steadily ahead of US Services PMI

The AUD/USD pair edges lower to near 0.6450 during the European trading session on Tuesday. The Aussie pair ticks down as the US Dollar (USD) gains ground, following the soft United States (US) Nonfarm Payrolls (NFP)-driven sell-off.

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USD/CNH firms near resistance as China's stock index rebounds amid weak growth outlook - BBH

USD/CNH is firmer just under key resistance at 7.2000 and China's stock index extended its rebound, BBH FX analysts report.

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AUD/USD: Likely to trade in a sideways range between 0.6455 and 0.6495 - UOB Group

Australian Dollar (AUD) is likely to trade in a sideways range between 0.6455 and 0.6495. In the longer run, downward momentum is slowing; a breach of 0.6520 would indicate that AUD is not breaking below 0.6405, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD holds steady above 100-day average as mixed household spending data emerges - BBH

AUD/USD is holding above its 100-day moving average (0.6430), BBH FX analysts report.

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Trump's poison pill on Swiss National Day - Commerzbank

Market participants with ties to Switzerland were probably not too pleased when the US administration announced new tariffs for a large number of countries at the end of last week: alongside Brazil, which will now have to pay significantly higher tariffs for political reason, Switzerland is the only

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USD/CAD is attempting to return above 1.3800 with weak Oil prices hurting the Loonie

The US Dollar is trimming losses on Tuesday, as the dust from the disappointing US Nonfarm Payrolls report settles.

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BoJ minutes reveal low bar for rate hikes amid trade deal progress - BBH

Japanese Yen (JPY) and JGBs ignored the Bank of Japan Minutes of the June 16-17 policy meeting, BBH FX analysts report.

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USD: Spanner in the works - Commerzbank

The US labor market report for July has thrown a spanner in the works, dashing my speculation that the Fed might not cut interest rates in September after all. Now it looks more likely than ever.

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USD: Risk-on mood and US data weigh on USD dynamics - BBH

US Dollar (USD) is hovering at the top-end of the range carved-out since Friday's post-NFP low. US stocks are powering forward and dragging global equity markets higher. **Expectations of looser Fed policy and resilient global economic activity are fueling the stock market rally**.

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Silver price today: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.

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GBP/USD: Likely to trade in a range between 1.3260 and 1.3330 - UOB Group

Pound Sterling (GBP) is likely to trade in a range between 1.3260 and 1.3330 against US Dollar (USD). In the longer run, the likelihood of GBP breaking clearly below 1.3140 has diminished considerably, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD/JPY: Bias to sell rallies on a daily chart - OCBC

USD/JPY consolidated, after trading sharply lower post-NFP. Pair was last at 147.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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