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Switzerland Consumer Price Index (MoM) above forecasts (0%) in August: Actual (0.4%)
Switzerland Consumer Price Index (MoM) above forecasts (0%) in August: Actual (0.4%)
Euro: Downside risk persists toward 1.1550 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has shifted into short-term range trading between 1.1570 and 1.1610 after a dip to 1.1565 and rebound to 1.1608. They still see scope for a test of 1.1550 unless 1.1630 strong resistance breaks.
GBP/USD Price Forecast: Holds a mildly bullish bias near 1.3500 despite subdued RSI momentum
The GBP/USD pair trades in positive territory around 1.3490 during the early European trading hours on Thursday, bolstered by a weaker US Dollar (USD). Traders await the Bank of England (BoE) Governor Andrew Bailey’s speech and US August jobs data later on Friday for fresh impetus.Â
Russia S&P Global Services PMI climbed from previous 49 to 51.3 in August
Russia S&P Global Services PMI climbed from previous 49 to 51.3 in August
EUR/USD Price Forecast: Turns sticky to 20-day EMA
The Euro (EUR) trades slightly higher against the US Dollar (USD) at around 1.1600 during the early European trading session on Thursday.
Indonesian Rupiah strengthens as US Dollar declines on potential Yen intervention
USD/IDR loses ground for the second successive day, trading around 17,730 during the Asian hours on Thursday. The currency pair experiences downward pressure as a sharp rally in the Japanese Yen (JPY) weighed heavily on the US Dollar (USD).
India HSBC Services PMI below expectations (54.5) in August: Actual (54.1)
India HSBC Services PMI below expectations (54.5) in August: Actual (54.1)
India HSBC Composite PMI came in at 54.3 below forecasts (54.6) in August
India HSBC Composite PMI came in at 54.3 below forecasts (54.6) in August
EUR/JPY Price Forecast: Falls to near 183.00 near symmetrical triangle bottom
EUR/JPY extends its losses for the second successive day, trading around 183.00 during the Asian hours on Thursday. Technical analysis of the daily chart indicates the currency cross remains within a symmetrical triangle, signalling a consolidation phase.
British Pound drops to three-week low as hawkish BoJ and suspected intervention boost Yen
The GBP/JPY cross remains under intense selling pressure for the second straight day and drops to a three-and-a-half-week low, around the 212.75-212.70 region during the Asian session on Thursday.
Japanese Yen strengthens on BoJ rate hike signals
The USD/JPY pair attracts some sellers to near 158.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following hints from Japanese policymakers that interest rates will rise later this month.
Australian Dollar weakens against Japanese Yen following China’s Services PMI data
AUD/JPY extends its losses for the fourth consecutive day, trading around 113.50 during the Asian hours on Thursday. The Australian Dollar (AUD) remains subdued following a wave of mixed economic data from Australia and China, putting downward pressure on the currency cross.
New Zealand Dollar rebounds above 0.5850 on stronger Chinese services PMI
The NZD/USD pair recovers some lost ground to near 0.5860, snapping the four-day losing streak during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) following the upbeat Chinese economic data.