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Swiss Franc: Export strains with strong CHF – Commerzbank
Commerzbank’s Michael Pfister analyses how the strong Swiss Franc (CHF) and an undervalued Chinese Yuan (CNY) are weighing on Switzerland’s export competitiveness.
France Consumer Confidence registered at 86, below expectations (87) in August
France Consumer Confidence registered at 86, below expectations (87) in August
Equities: Semiconductor selloff pressures Wall Street - Deutsche Bank
Deutsche Bank strategists describe a cautious session for United States (US) equities, with the S&P 500 slipping as AI‑chip names sold off ahead of Nvidia’s earnings. While the equal‑weighted S&P approached record highs, headline indices were dragged lower by semiconductor weakness.
USD/JPY Price Forecast: US Dollar keeps crawling towards the key 160.00 area
The Japanese Yen (JPY) remains on the defensive against the US Dollar (USD) on Tuesday, in a low-volatility market, as investors await key data releases and the Jackson Hole symposium, due in the second half of the week, to make decisions.
Euro: Further gains eyed toward 1.1800 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann keep a constructive stance on EUR/USD despite recent consolidation around 1.1660. They still see room for upside toward 1.1725 in the coming weeks as long as support at 1.1630 holds.
Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)
Germany Gross Domestic Product (YoY) above expectations (0.9%) in 2Q: Actual (1%)
Germany Gross Domestic Product w.d.a (YoY) rose from previous 0.9%Â to 1% in 2Q
Germany Gross Domestic Product w.d.a (YoY) rose from previous 0.9%Â to 1% in 2Q
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Germany Gross Domestic Product (QoQ) came in at 0.3%, above expectations (0.2%) in 2Q
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
Denmark Retail Sales (YoY): 6.7% (July) vs 4.8%
Indonesian Rupiah struggles amid record deficit, external pressures
USD/IDR halts its three-day losing streak, trading around 17,770 during the Asian hours on Tuesday. The pair appreciates as the Indonesian Rupiah (IDR) struggles under the weight of cautious market sentiment driven by persistent external pressures.
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Coincident Index: 118.5 (June) vs 118.2
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
Japan Leading Economic Index registered at 116.5 above expectations (116.4) in June
EUR/JPY Price Forecast: Rises toward 186.00 after rebounding from ascending channel bottom
EUR/JPY appreciates after two days of gains, trading around 185.80 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the ascending channel pattern, signaling an ongoing bullish bias.