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AUD/JPY Price Forecast: Holds steady near 110.00, bearish technicals persist
The AUD/JPY cross trades on a flat note near 110.10 during the early European trading hours on Monday.
EUR/USD Price Forecast: Slides to four-week low as hawkish Fed bets accelerate
The Euro (EUR) is down 0.28% to near 1.1565 against the US Dollar (USD) during the European trading session on Monday.
Japan Capacity Utilization down to 0.5% in July from previous 4.1%
Japan Capacity Utilization down to 0.5% in July from previous 4.1%
Japan Industrial Production (MoM) came in at -0.2% below forecasts (0.1%) in July
Japan Industrial Production (MoM) came in at -0.2% below forecasts (0.1%) in July
Japan Industrial Production (YoY): 3.9% (July) vs previous 4.1%
Japan Industrial Production (YoY): 3.9% (July) vs previous 4.1%
EUR/JPY Price Forecast: Trades near 178.50 after rebounding from descending channel bottom
EUR/JPY gains ground after registering losses in the previous day, trading around 178.30 during Asian hours on Monday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling an ongoing bearish bias.
AUD/USD Price Forecast: Shows resilience below 38.2% Fibo. near mid-0.7100s
The AUD/USD pair touches a one-and-a-half-week low, around the 0.7140 region during the Asian session on Monday, though it lacks follow-through. Spot prices currently trade just above mid-0.7100s, down nearly 0.25% for the day.
New Zealand Dollar weakens below 0.5800 on RBNZ dovish signals
The NZD/USD pair tumbles to around 0.5790 during the early Asian trading hours on Monday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) on a dovish hike from the Reserve Bank of New Zealand (RBNZ).
Japanese Yen edges lower vs USD amid Middle East jitters as Fed, BoJ meetings loom
The USD/JPY pair attracts some buyers at the start of a new week and climbs closer to the 154.00 mark during the Asian session, reversing a part of Friday's losses.
British Pound consolidates above 1.3500 vs USD ahead of this week's UK data, Fed, BoE
The GBP/USD pair struggles to capitalize on Friday's bounce from the vicinity of the monthly swing low and consolidates above the 1.3500 psychological mark at the start of a new week.
PBOC sets USD/CNY reference rate at 6.7698 vs. 6.7743 previous
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7698 compared to Friday's fix of 6.7743 and 6.7083 Reuters estimate.
Euro softens below 1.1600 as markets price in Fed rate hike
The EUR/USD pair declines to near 1.1585 during the early Asian session on Monday. The pair extends the decline amid aggressive Federal Reserve (Fed) rate-hike bets following hotter US inflation reports. Traders brace for the Fed interest rate decision later on Wednesday.Â
Australian Dollar declines to near 0.7150 as hot US inflation data boost case for Fed rate hike
The AUD/USD pair edges lower to around 0.7160 during the early Asian session on Monday. Stronger-than-expected US inflation reports provide some support to the US Dollar (USD) against the Australian Dollar (AUD). All eyes will be on the US Federal Reserve (Fed) interest rate decision on Wednesday.Â