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NZD/USD Price Forecast: Bears remain in control with 0.5800 support eyed
The New Zealand Dollar (NZD) nudges higher against a depressed US Dollar (USD) on Thursday, but keeps its near-term bearish trend intact as high Oil prices and surging global yields keep market sentiment subdued.
Italy Industrial Output s.a. (MoM) came in at 0.7%, above forecasts (0.3%) in July
Italy Industrial Output s.a. (MoM) came in at 0.7%, above forecasts (0.3%) in July
Italy Industrial Output w.d.a (YoY) came in at 0%, above expectations (-0.6%) in July
Italy Industrial Output w.d.a (YoY) came in at 0%, above expectations (-0.6%) in July
ECB Press Conference: Lagarde comments on policy outlook after raising key rates by 25 bps
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to raise key rates by 25 basis points (bps) at the September policy meeting and responds to questions from the press.
Japanese Yen: Structural support from regional flows – BNY
BNY’s Geoff Yu notes that Japanese Yen (JPY) strength is reshaping APAC (Asia-Pacific) FX dynamics by easing prior effective exchange rate pressures and allowing more nominal appreciation in regional currencies.
Australian Dollar struggles for direction against US Dollar with US PPI in focus
The Australian Dollar (AUD) trades in a tight range at around 0.7215 against the US Dollar (USD) during the European trading session on Thursday.
US Dollar Index Price Forecast: Holds losses below 99.00 as bearish bias prevails
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the fourth successive day and trading around 98.70 during the European hours on Thursday.
European Central Bank: Higher energy lifts rate hike expectations – Deutsche Bank
Deutsche Bank reports that rising Oil and natural gas prices are pushing European yields to multi‑year highs and prompting markets to price a more hawkish European Central Bank path.
WTI falls below $93.50 on profit-taking, continued US-Iran tensions in focus
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.20 during the early European trading hours on Thursday. WTI falls as traders book some profits.
Silver Price Forecast: XAG/USD awaits acceptance above $68.00 before the next leg up
Silver (XAG/USD) struggles to capitalize on a modest intraday uptick to the $68.00 neighborhood and trades near the lower end of its daily range during the early European session on Thursday.
Indonesian Rupiah faces challenges due to higher oil prices
USD/IDR gains after two days of losses, trading around 17,570 during the early European hours on Thursday. The pair gains upward momentum as the Indonesian Rupiah (IDR) faces pressure from elevated oil prices, which strain fiscal conditions given Indonesia's status as a net oil importer.
Euro wavers around 0.8590 against British Pound with all eyes on the ECB
The Euro (EUR) is trading sideways in a 15-pip range, roughly between 0.8580 and 0.8595 against the British Pound (GBP) on Thursday.
Equities: Stagflation pattern weighs on stocks – Danske Bank
Danske Research Team reports that global equities fell as higher energy prices, rising bond yields and a smaller-than-hoped US Treasury buyback weighed on sentiment.