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USD/JPY jumps to near 148.50 ahead of US inflation data

The USD/JPY pair extends its winning streak for the third trading day on Tuesday and advances to near 148.50 during the European trading session. The asset strengthens ahead of the United States (US) Consumer Price Index (CPI) data for July, which will be published at 12:30 GMT.

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JPY is soft, lacking clear catalyst - Scotiabank

The Japanese Yen is soft, down 0.2% against the US Dollar (USD) and underperforming most of the G10 currencies along with AUD and NZD, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP is outperforming with modest gain - Scotiabank

The Pound Sterling (GBP) is up 0.2% against the US Dollar (USD) and outperforming all of the G10 currencies as markets respond to the release of stronger than expected employment data.

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EUR quiet just above 1.16 - Scotiabank

The Euro (EUR) is quietly consolidating in a tight range just above 1.16 and ignoring the release of weaker than expected ZEW sentiment survey figures.

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CAD holds range below USD resistance in the low 1.38s - Scotiabank

The Canadian Dollar (CAD) is little changed in quiet trade as markets await US data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD mixed ahead of CPI - Scotiabank

The US Dollar (USD) is trading mixed against the major currencies ahead of this morning's key data round, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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US Dollar Index (DXY) consolidates around 98.50 with US CPI on tap

The US Dollar remains fairly steady on Tuesday, following a 0.4% recovery on the previous two trading days.

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Gold Price Forecast: XAU/USD reversal from $3,400 found support at $3,340

Gold  (XAU/USD) reversal from the $3,400 area has been contained at a strong support area between $3,335 and $3,345, where the pair was contained on August 4 and 5, which is also coincident with the 50% Fibonacci retracement of the early August rally.The pair is trading sideways without a clear bias

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RBA: A step closer to terminal rates - Standard Chartered

RBA unanimously cut the cash rate by 25bps to 3.60% as the economy comes into better balance. The central bank is likely to remain data-dependent, as opposed to being data-point dependent.

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AUD/USD slumps to near 0.6500 as RBA guides expansionary monetary policy path

The AUD/USD pair is down over 0.3% to near 0.6500 during the European trading session on Tuesday. The Aussie pair declines as the Australian Dollar (AUD) underperforms, following the monetary policy announcement by the Reserve Bank of Australia (RBA).

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USD/CAD crawls higher, approaches 1.3800 ahead of the US CPI release

The Canadian Dollar remains on its back foot against a slightly firmer US Dollar, weighed by the low Oil, which keeps the USD/CAD pair on track for a four-day winning streak, with all eyes on the US CPI report

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USD/CNH: Major resistance at 7.2100 is unlikely to come into view - UOB Group

US Dollar (USD) could rise and test 7.2010 against Chinese Yuan (CNH); the major resistance at 7.2100 is unlikely to come into view.

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USD/JPY: Might rise and test 148.75 - UOB Group

US Dollar (USD) could rise and test 148.75 against Japanese Yen (JPY); a break above this level is not ruled out, but USD is unlikely to threaten 149.20.

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NZD/USD: Upward momentum is building - UOB Group

Softer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a lower range of 0.5925/0.5955.

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Supply concerns on the Copper market ease - Commerzbank

The Copper price fell slightly at the beginning of the week after the world's largest Copper mine producer announced that operations at one of its mines in Chile affected by an earthquake could largely resume.

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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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China reduces purchases of Saudi Arabian oil - Commerzbank

Saudi Arabia is likely to deliver significantly less crude oil to China in September, Commerzbank's commodity analyst Carsten Fritsch notes.

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AUD/USD: Likely to be contained between 0.6470/0.6555 - UOB Group

A narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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Oil prices under pressure ahead of Trump-Putin meeting - Commerzbank

Oil prices last week recorded their sharpest weekly declines since the end of June. At the same time, they fell to their lowest levels in two months. Brent is down 7% compared to the beginning of the month, WTI 7.5%.

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GBP/USD: Likely to trade between 1.3395 and 1.3465 - UOB Group

The current price action still appears to be part of a consolidation phase; Pound Sterling (GBP) is likely to trade between 1.3395 and 1.3465.

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