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ING sees EUR/USD range with upside bias against dollar
ING’s Francesco Pesole keeps a constructive stance on EUR/USD after recent US data, seeing range trading with an upside bias against the dollar.
EUR/JPY Tests Key Resistance as Bear Trend Question Looms
EUR/JPY is pressing resistance at 183.85/184.15 while traders assess whether the pair is starting a bearish turn after the yen's recent pullback.
UOB: US Inflation Still Above Fed Target but Easing
UOB's Alvin Liew says headline and core US CPI remain above the Federal Reserve's 2% target after the July report, but he expects inflation to gradually ease.
USD/CHF eases to 0.8130 as Swiss franc stays supported
USD/CHF pulled back to around 0.8130 during European trading on Thursday after three days of gains, with the Swiss franc holding firm following Swiss producer and import price data.
Yen Firms on Faster BoJ Hike Expectations: MUFG
The Japanese yen has strengthened modestly against the US dollar as markets anticipate a quicker pace of Bank of Japan policy tightening, according to MUFG's Lee Hardman.
Euro Bounces Off One-Week Low, Holds Above 1.1500 vs USD
EUR/USD dipped to a one-and-a-half-week low before recovering from the 1.1500 area, with attention turning to upcoming US PPI data.
Canadian Dollar Recovery Not Just About Oil, Commerzbank Says
Commerzbank’s Michael Pfister argues Canada’s recent economic improvement is not solely driven by higher oil and gas prices linked to Iran.
Euro Rebounds Against Canadian Dollar as ECB Hawkishness, Cheaper Oil Help
EUR/CAD snapped a six-day losing streak Thursday, trading near 1.6080 as euro zone data supported a hawkish ECB and lower oil prices weighed on the Canadian dollar.
NZD/USD Under Pressure as NZ Inflation Expectations Cool
The New Zealand dollar traded around 0.5830 against the US dollar, down 0.45%, as cooling local inflation expectations weighed on the kiwi.
US Dollar Gains as Markets Stay Hawkish After In-Line CPI
ING strategists say the dollar strengthened after US CPI came in line with expectations, as markets had braced for a hotter reading.
RBI seen delaying rate hikes after India CPI edges up to 4.45%
MUFG's Michael Wan says India's July CPI rose to 4.45% year-on-year, slightly below consensus but above June's 4.38%, with higher food prices the main driver; the RBI is seen delaying rate hikes.
FX Drifts After Muted US CPI as Jackson Hole Looms
The latest US CPI release left currency markets without a clear directional impulse, keeping FX quiet into the late-August Jackson Hole Symposium.
ING Sees Dovish Norges Bank Risk but Stays Bullish Krone vs Euro
ING's Francesco Pesole flags downside risks for the Norwegian krone from a potentially less hawkish Norges Bank message, but keeps a bullish view against the euro.
Commerzbank sees Russia's oil-driven trade boost fading
Russia's June merchandise trade surplus rose to $12.5bn, up more than 50% year-on-year, but Commerzbank expects the oil-price support to fade.
Japanese yen steadies near 160 as intervention risk looms
USD/JPY is trading around 159.40 in European hours, with markets on alert for possible Japanese intervention near the 160.00 level.
DXY bulls await trading range breakout above 100.00
The US Dollar Index is building on its weekly uptrend as bulls watch for a push above the 100.00 level.
BNY: Fed-Driven Hedge Rebuilding Revives Dollar Selling Pressure
BNY strategist Geoff Yu says cross-border investors are rebuilding USD hedges after the July Fed meeting, reviving dollar selling pressure even as underlying demand for U.S. assets remains solid.
Capital.com’s Prokopenya Wants To Remove the AI Vocabulary Tax
Capital.com founder Viktor Prokopenya says AI financial advice still favours users who can ask the right questions, citing a Stanford/MIT Sloan study showing large outcome gaps.
Euro Holds Gains vs Pound as UK GDP Slows in Q2
EUR/GBP holds near 0.8540 in early European trading as the British pound stays weak after UK Q2 GDP slowed.
India July CPI at 4.5% supports RBI pause, Commerzbank says
India's July CPI rose slightly to 4.5% year-on-year and stayed within the Reserve Bank of India's target band, with core inflation steady, according to Commerzbank.
Pound Holds Near 1.3500 as Weak UK Industrial Production Offsets GDP
The British pound traded practically flat against the US dollar in early London trading, holding just below the 1.3500 level as weak UK industrial production offset brighter GDP data.
Euro in Range Phase After Failed Upside Break vs US Dollar
EUR/USD briefly spiked to 1.1562 on the US CPI release before reversing, with UOB analysts now viewing the pair as in a range phase.
British Pound Bids Up Against Yen After UK Q2 GDP
Sterling drew bids versus the Japanese yen in European trading after preliminary UK Q2 GDP data pointed to a strong quarter.
Soft Inflation Expected to Keep Norges Bank on Hold at 4.25%
Norges Bank is seen leaving its policy rate unchanged at 4.25% after weak June and July inflation, while maintaining a tightening bias.