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GBP/JPY Price Forecast: Bearish structure remains intact ahead of BoE and BoJ decisions
GBP/JPY trades on the front foot on Tuesday but remains confined to a narrow range following the Japanese Yen’s (JPY) sharp rally earlier this month.
US ADP Employment Change 4-week average increases to 16.25K
Private-sector hiring in the US has gained further pace in later August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 16.25K jobs per week in the four weeks ending August 29.
Canada: Growth resilience and rate risks – RBC
Royal Bank of Canada (RBC) analysts highlight that Canada’s economy has rebounded, with Gross Domestic Product (GDP) growth improving in Q2 2026 and per-capita gains supported by a lower unemployment rate.
United States ADP Employment Change 4-week average increased to 16.25K in August 22 from previous 12K
United States ADP Employment Change 4-week average increased to 16.25K in August 22 from previous 12K
United States ADP Employment Change 4-week average rose from previous 12KÂ to 16.3K in August 22
United States ADP Employment Change 4-week average rose from previous 12KÂ to 16.3K in August 22
Swiss Franc: 0.8205 caps losses against US Dollar - UOB
UOB’s Quek Ser Leang highlights that USD/CHF extended gains to 0.8195 before consolidating, with intraday trade now expected between 0.8150 and 0.8195. He sees strong but overbought momentum and says a sustained move to 0.8245 requires a clear break and hold above 0.8205.
Brazil Retail Sales (MoM) registered at -0.8%, below expectations (-0.2%) in July
Brazil Retail Sales (MoM) registered at -0.8%, below expectations (-0.2%) in July
New Zealand Dollar tests two-month lows below 0.5765 amid Fed hiking bets
The New Zealand Dollar (NZD) keeps heading lower against the US Dollar (USD) on Tuesday, with NZD/USD bears pushing against two-month lows at 0.5765 after dropping beyond 2.5% so far in September.
Natural Gas: Higher winter curve and risk ranges – Rabobank
RaboResearch raises its TTF forecasts to €72/MWh for Q4 2026 and €58/MWh for Q1 2027, citing prolonged Hormuz disruptions, low European storage and greater LNG dependence.
Gold finds support near one-month low ahead of Fed interest rate decision
Gold (XAU/USD) trims part of its intraday decline on Tuesday.
Copper: AI slowdown fears pressure prices – ING
ING’s Warren Patterson and Ewa Manthey highlight that Copper is retreating as calls from major technology executives to slow AI development hit tech stocks and dampen expectations for data-centre investment.
Experts agree: Fed will follow monetary tightening path even beyond September meeting
The US Dollar (USD) outperforms its major currency peers on Tuesday, following strong United States (US) Treasury Yields on expectations that the Federal Reserve (Fed) will remain on the monetary tightening path even after hiking interest rates at the policy meeting on Wednesday.
Japanese Yen: Two-way risks into BoJ meeting – OCBC
OCBC strategist Christopher Wong notes USD/JPY has rebounded as higher UST yields, a firmer USD and rising Oil offset support from Bank of Japan (BoJ) tightening expectations. He warns against extrapolating gains ahead of Friday’s BoJ meeting, with markets almost fully pricing another hike.