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EUR/GBP Price Forecast: Testing support at previous highs in the 0.8585 area
The Euro (EUR) is trading lower against the British Pound (GBP) following mixed Eurozone macroeconomic figures on Monday. The EUR/GBP pair is testing support at a previous resistance area, at 0.8585 ahead of the US session opening, after failing to find acceptance above the 0.8600 area last week.Â
154.06: Japanese Yen hits fresh six-month highs amid hopes of steeper BoJ hikes
The Japanese Yen (JPY) resumes its uptrend against the US Dollar (USD) on Monday, as the dust from a bright US Nonfarm Payrolls (NFP) report settles, and Japanese officials hint at some steepening of the Bank of Japan’s (BoJ) tightening cycle ahead.
Euro tumbles as Japanese Yen benefits from BoJ rate hike bets
EUR/JPY falls 1.11% on Monday and trades around 179.45 at the time of writing. The sharp decline in the cross mainly reflects the strong appreciation of the Japanese Yen (JPY), supported by growing expectations of monetary policy tightening by the Bank of Japan (BoJ).
EM FX: Policy holds shape CLP, PLN, PEN, TRY – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Chile, Poland, Peru and Türkiye to keep policy rates unchanged at upcoming meetings.
Czech Koruna: CPI keeps CNB on hold but risks build – Commerzbank
Commerzbank’s Tatha Ghose notes that Czech August CPI matched expectations and CNB forecasts, keeping inflation within target and allowing rates to stay unchanged on 17 September.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $65.90 per troy ounce, down 0.47% from the $66.21 it cost on Friday.
ECB: Political strains test policy shield – Rabobank
RaboResearch notes that the ECB’s Transmission Protection Instrument provides a backstop for Eurozone government bonds during stress not justified by fundamentals.
Federal Reserve: Inflation data steer policy path – TD Securities
TD Securities economists Oscar Munoz and Eli Nir expect August Consumer Price Index (CPI) to prove subdued enough to keep the Federal Reserve (Fed) on hold in September, with the CPI-to-PCE translation also pointing to contained underlying inflation.
UK Chancellor Healey: I will build on Reeves' move to recover fiscal discipline
United Kingdom (UK) Chancellor of the Exchequer John Healey signaled in a scheduled speech during the European trading session on Monday that the government will continue focusing on maintaining fiscal discipline, in an attempt to contain higher borrowing costs.
Brent: Supply risks support prices – Danske Bank
Danske Bank’s Danske Research Team notes Brent crude trading near USD 97 as renewed US-Iran strikes around the Strait of Hormuz raise concerns over prolonged disruptions to Middle East energy flows.
Dow Jones futures fall as inflationary risks rise
Dow Jones futures are down by 0.32% to trade near 53,270 during European hours on Monday. Meanwhile, S&P 500 futures steady near 7,720, while Nasdaq 100 futures advance by 0.31% to trade around 29,660. The US stock market will be closed Monday for the Labor Day holiday.
Greece Gross Domestic Product s.a (YoY): 1.9% (2Q) vs previous 2%
Greece Gross Domestic Product s.a (YoY): 1.9% (2Q) vs previous 2%
Greece Gross Domestic Product s.a (YoY): 0.3% (2Q) vs previous 2%
Greece Gross Domestic Product s.a (YoY): 0.3% (2Q) vs previous 2%