Bullish bias with focus on 6.7000 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann maintain a negative stance on USD/CNH, noting a softened underlying tone even as recent price action stayed relatively quiet. Intraday, they see scope for a modest drift lower while keeping 6.7150 as key support. Over the next 1–3 weeks, a sustained break below 6.7200 […]
US Dollar stays on the back foot ahead of PCE
Here is what you need to know for Wednesday, August 26: The US Dollar Index (DXY) is hovering below the 99.00 mark as traders squared positions ahead of a heavy Wednesday data slate and Federal Reserve (Fed) Chair Kevin Warsh’s Jackson Hole address on Friday. The move was modest, keeping the Greenback near recent lows […]
AfD surge raises policy uncertainty – ING
Carsten Brzeski of ING underscores that the AfD’s rise to Germany’s largest party in polls introduces significant uncertainty for Eurozone policy. He details the party’s past calls for Euro exit and monetary sovereignty, contrasts them with a newer, toned-down economic paper, and stresses that markets still lack clarity on what economic policy an AfD-led government […]
Tariff conflict fuels safe haven bid – Commerzbank
Commerzbank’s Carsten Fritsch reports that Gold has surged to a three‑month high near USD 4,700 per ounce as US–Canada tariff tensions escalate and concerns over US debt intensify. Silver and Platinum have also rallied. Strong ETF inflows, particularly in North America, suggest sustained investor interest, and the bank sees indications that Gold prices will continue […]
Euro advances against Japanese Yen on upbeat German business data
EUR/JPY advances to around 185.85 on Tuesday at the time of writing, gaining 0.15% on the day. The cross benefits from strength in the Euro (EUR), supported by a stronger-than-expected improvement in German business sentiment, while the Japanese Yen (JPY) remains weighed down by concerns surrounding Japan’s public finances and the persistence of a wide […]
Corrects further as US Dollar extends recovery
The Euro (EUR) trades marginally lower against the US Dollar (USD) on Tuesday, extending its corrective move from the four-day high of 1.1711 to near 1.1655 during the European trading session. The major currency pair comes under pressure as the US Dollar recovers further amid caution ahead of the United States (US) Personal Consumption Expenditure […]
XAG pullback tests 100-day SMA
Silver price reverses course on Monday, down 0.59% as buyers failed to push the white metal past the $70.00, which exacerbated a reversal, to the first support level seen at the 100-day Simple Moving Average (SMA) at $68.42. At the time of writing, XAG/USD trades at $68.52, afer peaking at $69.92. XAG/USD Price Forecast: Technical […]
Gold extends rally as markets await US PCE and Warsh’s Jackson Hole speech
Gold (XAU/USD) extends its advance on Monday, building on the strong rally seen last week following the US Treasury’s buyback announcement. At the time of writing, XAU/USD trades around $4,644, up nearly 0.90% on the day, at levels last seen on May 15. The Treasury’s decision to increase its liquidity-support buybacks for longer-dated government bonds […]
Momentum fades as yields stay high – MUFG
MUFG’s Lloyd Chan notes that the Dollar has extended its recent soft patch even as US Q3 GDP forecasts are upgraded to 2.5% annualized from 2.0%. Elevated fiscal deficits and long-end Treasury yields are weighing on sentiment. Speculative data still show a modest net long USD bias, but price action suggests fading Dollar upside momentum […]
XAG/USD holds bullish bias below $70.00
Silver (XAG/USD) seesaws between tepid gains and minor losses around the $69.00 mark through the Asian session on Monday. The white metal, however, remains within striking distance of a two-month high, around the $70.00 psychological mark touched on Friday, and seems poised to appreciate further. The XAG/USD holds a near-term bullish bias following last week’s […]
