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GBP/USD: Chance to GBP to test 1.3545 – UOB Group
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There is a chance for Pound Sterling (GBP) to test 1.3545; the major resistance at 1.3575 is unlikely to come into view. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD Price Forecast: buyers keep pushing, 1.1740 at sight
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The EUR/USD pair regained its upward strength on Thursday, hitting an intraday high of 1.1675 during European trading hours. The US Dollar (USD) edged south after dovish comments from Federal Reserve (Fed) Bank of New York President John Williams.
JPY is supported by narrowed yield spreads and hawkish BoJ – Scotiabank
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The Japanese Yen (JPY) is up 0.2% against the US Dollar (USD) and pushing toward the upper end of its recent range, supported by fundamentals and the relentless narrowing in US-Japan yield spreads, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR well supported on easing political concerns as spreads push higher – Scotiabank
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The Euro (EUR) is entering Thursday’s NA session with marginal gains as it extends Wednesday’s impressive recovery from a sub-1.16 intraday low, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD extending Wednesday’s gains – Scotiabank
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The Canadian Dollar (CAD) is nosing ahead this morning, extending yesterday’s gains through the upper 1.37s and staking a claim on being one of the better-performing G10 currencies on the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD softer but broader consolidation extends – Scotiabank
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The US Dollar (USD) has spent most of August range trading between 97.50/75 and the upper 98 region in DXY terms and so it continues as month end approaches, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
AUD/USD jumps to near 0.6530 as Fed dovish bets weigh on US Dollar
1756379519 from FXSTREET
The AUD/USD pair advances to near 0.6530 during the European trading session on Thursday. The Aussie pair strengthens as the US Dollar (USD) faces sharp selling pressure, with traders becoming increasingly confident that the Federal Reserve (Fed) will cut interest rates in the September meeting.
USD/JPY drifts lower, nears 147.00 ahead of US GDP, Tokyo CPI data
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The US Dollar is extending its reversal from Wednesday’s highs above 148.00 to levels near the 147.00 round figure on Thursday, with the Greenback on its back foot ahead of the release of US Gross Domestic Product and Weekly Jobless Claims figures, due later today.The US Dollar featured a knee-jerk
USD/CNH: Rapidly increasing downward momentum – UOB Group
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Bias is tilted to the downside; it is unclear whether US Dollar (USD) can break below 7.1435. In the longer run, rapidly increasing downward momentum indicates USD could drop below 7.1435; it is unclear now if 7.1290 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/INR trades calmly, outlook remains firm amid US-India trade tensions
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The Indian Rupee (INR) trades almost flat at around 87.80 against the US Dollar (USD) in opening trading hours on Thursday after a holiday on Wednesday on account of Ganesh Chaturthi. The USD/INR pair is supported by a sluggish performance from the US Dollar.
CHF: Growth cools down, negotiations with the US continue – Commerzbank
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Growth figures for the second quarter will be published in Switzerland this morning. The Bloomberg consensus expects weak growth of 0.1% quarter-on-quarter, which would align with the growth adjusted for sporting events reported two weeks ago, Commerzbank's FX analyst Michael Pfister notes.
USD/JPY might trade in a range between 146.40 and 148.40 – UOB Group
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Further range-trading seems likely, but the softer underlying tone suggests a lower range of 146.75/147.80. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD Forecast: Pound Sterling sellers hesitate ahead of US data
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GBP/USD registered marginal gains for the second consecutive day on Wednesday and stabilized near 1.3500 in the European session on Thursday. The pair's technical outlook highlights sellers' hesitancy as key support levels remain intact.
NZD/USD gains on softer USD, despite dovish RBNZ – BBH
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NZD/USD edged higher as USD weakness outweighed dovish RBNZ signals. The August ANZ business outlook survey showed business confidence improving, but activity indicators softened, reinforcing expectations of further easing.
GBP/USD: Any advance is likely to be limited to a test of 1.3545 – UOB Group
1756374338 from FXSTREET
There is room for Pound Sterling (GBP) to rebound further, but any advance is likely to be limited to a test of 1.3545. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Unlikely to break clearly above 1.1675 – UOB Group
1756373866 from FXSTREET
Euro (EUR) could rebound further, but it is unlikely to break clearly above 1.1675. In the longer run, EUR is now expected to trade in a range of 1.1580/1.1720, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD Forecast: Euro remains fragile amid French political crisis
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EUR/USD trades in a narrow channel at around 1.1650 after failing to make a decisive move in either direction on Wednesday. In the second half of the day, the US economic calendar will feature data releases that could trigger a short-term reaction.
Gold Price Forecast: XAU/USD flirting with $3,400, record highs in sight
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Spot Gold continued to consolidate gains throughout the first half of Wednesday, accelerating north after Wall Street’s opening amid broad US Dollar (USD) weakness. The XAU/USD pair trades near the $3,400 mark, and at its highest in two weeks.
Australian Dollar Price Forecast: Hot inflation, solid data, but still can’t break higher
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The Australian Dollar (AUD) chopped around on Wednesday, with AUD/USD flipping between gains and losses near the 0.6500 mark. The pair’s lack of conviction came as the US Dollar (USD) stayed firm and risk-related assets remained broadly under pressure.
EUR/USD Forecast: Euro struggles to shake off bearish pressure
1756284388 from FXSTREET
EUR/USD stays under selling pressure following Tuesday's modest recovery and trades at its lowest level in three weeks below 1.1600 in the European session on Wednesday. The pair's technical picture highlights a buildup of bearish momentum.
Gold Price Forecast: XAU/USD down but not out as Fed and tariff concerns linger
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Gold is pulling back from the $3,400 neighbourhood, having refreshed two-week highs early Wednesday. Concerns over the US Federal Reserve’s (Fed) autonomy and latest US tariff threats could cushion any downside in Gold.
Australian Dollar Price Forecast: Can the Aussie break its 0.6400-0.6600 range?
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The Australian Dollar (AUD) started the week on the front foot, with AUD/USD recovering from Monday’s dip and edging back toward the 0.6500 mark. The rebound comes as the US Dollar (USD) softens again and global risk appetite picks up.
GBP/USD Forecast: Pound Sterling loses bullish momentum but finds support
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GBP/USD lose more than 0.5% on Monday and erased a large portion of the gains it recorded on Friday. After finding support near 1.3430, the pair staged a rebound and was last seen trading above 1.3450.
The Monetary Sentinel: No further easing, your honor
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With G10 central banks largely quiet this week, the spotlight shifts to Hungary’s MNB and South Korea’s BoK. Both are expected to keep rates unchanged, though the BoK may soon be forced to ease as trade pressures weigh on domestic growth.
EUR/USD Price Forecast: Can Powell’s pivot set the Euro free?
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The Euro (EUR) came under renewed pressure at the beginning of the week, with EUR/USD sliding toward the 1.1650 zone as the US Dollar (USD) staged a marked rebound pari passu with investors’ assessment of Friday’s dovish comments from Chief Jerome Powell at the Jackson Hole Symposium.
Gold Price Forecast: XAU/USD bulls maintain the pressure aim for $3,400
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Spot Gold trades near its Friday peak at $3,378.91, consolidating gains yet confined to a tight intraday range at the beginning of the week. The US Dollar (USD) posted a modest intraday advance at the beginning of the day, a corrective advance that followed last week’s sell-off.