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EUR/JPY Price Forecast: Treads water above 170.00, near five-week lows

EUR/JPY attempts to halt its two-day losing streak, trading around 170.20 during the European hours on Tuesday. The bearish bias is strengthening as the technical analysis of the daily chart shows that the currency cross remains within the descending channel pattern.

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Dollar consolidates amid India sanctions and BRICS trade concerns - ING

The dollar is consolidating after Friday's heavy losses. And the greater market interest in the short term is President Trump's newfound focus on India.

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CHF/JPY: Sell on rallies - OCBC

CHF/JPY fell sharply from above 185-levels last Fri to trade a low of 182.70 low this morning. Cross was last at 182.00 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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AUD/JPY hovers above 95.00 with markets anticipating further RBA easing 

The Australian Dollar remains trapped within a tight range above 95.00 against the Japanese Yen.

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CHF: Praying for a last minute deal - ING

Switzerland is very much preoccupied with the 39% US tariffs due to come into force later this week. The Swiss government is already discussing short-time worker compensation in the event of layoffs - clearly preparing for the worst, ING's FX analyst Chris Turner notes.

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DXY: Range-bound on the day - OCBC

US Dollar (USD) traded subdued overnight as markets await data and Fedspeaks this week. DXY was last at 99.01, OCBC's FX analysts Frances Cheung and Christopher Wong note.

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USD/CHF moves above 0.8100 as US Dollar strengthens ahead of ISM PMI release

USD/CHF continues to gain ground for the second successive session, trading around 0.8110 during the European hours on Tuesday. The pair remains stronger as the US Dollar (USD) advances ahead of the release of US ISM Purchasing Managers Index (PMI) data due later in the day.

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EUR/USD: Likely to trade in range between 1.1435 and 1.1660 - UOB Group

Euro (EUR) is likely to trade in a range between 1.1435 and 1.1660 against US Dollar (USD), UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR: Consolidation in quiet conditions - ING

EUR/USD looks quite comfortable near the 1.1550 level and, in the absence of market drivers, may hang around that level for a while, ING's FX analyst Chris Turner notes.

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EUR/GBP extends losses below 0.8700 with BoE interest rates coming into view

The Euro trades lower for the second consecutive day on Tuesday, exploring levels sub-0.8700 as the Pound trims some losses, with investors shifting their gaze to the Bank of England's monetary policy decision, due next Thursday.

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Forex Today: Markets quiet down ahead of mid-tier US data

Here is what you need to know on Tuesday, August 5:

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ISM Services PMI Preview: US services sector expected to expand in July

On Tuesday, the Institute for Supply Management (ISM) will unveil its July Services PMI, and analysts expect it to edge up to 51.5 from June's 50.8. That would mark a second straight month of growth in the services sector -- a sign of its resilience and a boost to confidence in the wider US economy.

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US Dollar Index maintains position near 99.00 ahead of ISM PMI data

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding ground for the second successive day and trading around 98.80 during the European hours on Tuesday.

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Pound Sterling flattens as investors shift focus to upcoming BoE monetary policy decision

The Pound Sterling (GBP) trades broadly flat against its major peers on Tuesday as investors shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

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NZD/USD slides further below 0.5900 as the US Dollar picks up from lows

The New Zealand Dollar has shrugged off the positive services activity data from China released earlier on Tuesday and extends its reversal from Monday's highs at 0.5930 to levels below 0.5900.

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Silver Price Forecast: XAG/USD gains further to near $37.50 as Fed rate cut in September looks likely

Silver price (XAG/USD) extends its recovery move to near $37.50 during the European trading session on Tuesday. The white metal strengthens as traders have raised bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting.

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Dow Jones futures surge over potential for Fed rate cut, await US ISM PMI data

Dow Jones futures appreciate ahead of the US market opening on Tuesday, trading around 44,380, up by 0.17%, during early European hours. Meanwhile, S&P 500 futures surge by 0.25% to 6,370, and Nasdaq 100 futures advance 0.33% to trade above 23,300.

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GBP/JPY attracts some buyers to above 195.50 despite rising BoJ rate hike bets

The GBP/JPY cross attracts some buyers to around 195.60 during the early European trading hours on Tuesday. The Japanese Yen (JPY) edges lower against the Pound Sterling (GBP) amid risk-on sentiment and political uncertainty in Japan.

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WTI consolidates around mid-$65.00s, just above one-week low set on Monday

West Texas Intermediate (WTI) US Crude Oil prices extend the sideways consolidative price move heading into the European session on Tuesday and remain close to a one-week low touched the previous day.

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USD/CAD remains below 1.3800 due to subdued Oil prices, US ISM Services PMI eyed

USD/CAD holds ground after two days of losses, trading around 1.3790 during the Asian hours on Tuesday. The pair moves little as the commodity-linked Canadian Dollar (CAD) struggles amid weaker crude Oil prices.

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