False breakout and hawkish Fed sink XAG

Silver (XAG/USD) price made a U-turn after reaching a two-month high of $71.12 on Friday, then dove below the $69.00 figure as Federal Reserve (Fed) Chair Kevin Warsh leaned hawkish in his Jackson Hole speech, pushing US Treasury yields higher. Consequently, the white metal edged lower, with XAG/USD trading at $66.76, down 3.60%, at the […]

Dovish Fed repricing risk grows – BBH

Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is mixed near a one‑week high as major FX pairs test key technical levels, including EUR/USD at its 200‑day moving average and USD/JPY near 160.00. Haddad highlights divergent Fed commentary around Jackson Hole but aligns with Susan Collins’ view that policy is mildly restrictive, […]

Range phase caps recent advance against US Dollar – UOB

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report EUR/USD held near 1.1650 after a brief dip, with intraday action lacking strong downside momentum. They judge the earlier bullish phase has faded after a break of strong support at 1.1640, shifting to a range between 1.1600 and 1.1685 in the coming days. […]