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EUR/JPY Price Forecast: Positions above nine-day EMA near 183.00
EUR/JPY rises after registering losses in the previous day, trading around 183.10 during the European hours on Monday. The currency cross is holding a capped tone as it sits below the 50-day Exponential moving average (EMA) while clinging to short-term support at the nine-day EMA.
British Pound: Soft GDP could trigger dovish BoE repricing – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad argues that the British Pound (GBP) requires a stronger-than-expected United Kingdom (UK) Gross Domestic Product (GDP) print to gain upside traction.
Australian Dollar flat above 0.7050 vs USD, close to June 16 peak as traders await RBA
The AUD/USD pair enters a bullish consolidation phase at the start of the new week as traders opt to move to the sidelines ahead of the crucial Reserve Bank of Australia (RBA) meeting on Tuesday.
Equities: Falling oil and AI rebound drive record highs - Deutsche Bank
Deutsche Bank strategists report that falling energy prices and softer Federal Reserve (Fed) expectations helped push the S&P 500 and other major equity indices to new record highs last week.
Euro dips further against the British Pound, weighed by higher Oil prices
The Euro (EUR) posts mild losses against the British Pound (GBP) on Monday, with the EUR/GBP pair testing Friday’s lows at 0.8560, as the situation in the Middle East muddles and Crude prices tick up, adding pressure on the Eurozone’s Oil-importing economies.
Canadian Dollar weakens as US Dollar strengthens on rising risk aversion
USD/CAD gains ground after registering over 0.5% losses in the previous day, trading around 1.3950 during the early European hours on Monday. The pair gains ground as the US Dollar (USD) strengthens on rising safe-haven demand, driven by heightened geopolitical caution.
Japanese Yen: Intervention credibility questioned – BNY
BNY’s Geoff Yu and David Tam highlight that USD/JPY is grinding higher again after Japan’s recent intervention, with the Japanese Yen (JPY) having already surrendered much of its gains.
Turkey Industrial Production (YoY) down to -1.4% in June from previous 0%
Turkey Industrial Production (YoY) down to -1.4% in June from previous 0%
Slovakia Industrial Output (YoY) above forecasts (-0.6%) in June: Actual (2.1%)
Slovakia Industrial Output (YoY) above forecasts (-0.6%) in June: Actual (2.1%)
Austria Industrial Production (YoY) down to 0% in June from previous 0.7%
Austria Industrial Production (YoY) down to 0% in June from previous 0.7%
Forex Today: Post-NFP US Dollar selloff pauses
Here is what you need to know on Monday, August 10:
Australian Dollar: Hawkish risk before RBA – Commerzbank
Volkmar Baur at Commerzbank expects the RBA to keep rates unchanged, in line with market pricing, but sees scope for a slightly hawkish tone given high petroleum prices and already reduced hike expectations.
British Pound outperforms at the start of the UK Q2 GDP data week
The British Pound (GBP) trades higher against its major currency peers and is marginally up at around 1.3500 against the US Dollar (USD) during the European trading session on Monday.