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Norway Manufacturing Output climbed from previous -1% to 0.7% in July
Norway Manufacturing Output climbed from previous -1% to 0.7% in July
Germany Industrial Production s.a. (MoM) below expectations (0.3%) in July: Actual (-1.1%)
Germany Industrial Production s.a. (MoM) below expectations (0.3%) in July: Actual (-1.1%)
USD/JPY Price Forecast: Fresh downside leg expected below 155.00
The Japanese Yen (JPY) trades flat against the US Dollar (USD) at around 156.00 at the start of the week, but is close to its four-month low of 155.23.
Asian stocks trade mixed with a positive bias as KOSPI leads gains
Asian stocks were mixed with a positive bias on Monday, driven by optimism that a new OpenAI model will spur demand for memory chips. This momentum followed Friday's rally among US semiconductor and memory stocks as broader sentiment toward the sector improved.
Indian Rupee remains higher despite oil strain, hawkish Fed bets
The Indian Rupee (INR) gains against the US Dollar (USD) at the start of the week.
WTI Price Forecast: Bulls retain control above $90.50, near July high amid Iran tensions
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note amid escalating US-Iran confrontations in the Strait of Hormuz and climbs back above mid-$90.00s during the Asian session.
Canadian Dollar steadies as robust US jobs data counter rising oil prices
The USD/CAD pair trades on a flat note near 1.3835 during the early European session on Monday. The pair steadies as stronger-than-expected US jobs data offsets rising crude oil prices. US markets will be closed on Monday for Labour Day.Â
Japan Leading Economic Index came in at 117.9 below forecasts (118.1) in July
Japan Leading Economic Index came in at 117.9 below forecasts (118.1) in July
Japan Coincident Index increased to 120.6 in July from previous 118.5
Japan Coincident Index increased to 120.6 in July from previous 118.5
Singapore Retail Sales (MoM): 0.9% (July) vs previous 1%
Singapore Retail Sales (MoM): 0.9% (July) vs previous 1%
Singapore Retail Sales (YoY) dipped from previous 4%Â to 1.5% in July
Singapore Retail Sales (YoY) dipped from previous 4%Â to 1.5% in July
GBP/USD Price Forecast: Struggles near 1.3500 amid modest USD uptick; bears seem hesitant
The GBP/USD pair trades with a negative bias for the second straight day, though it lacks bearish conviction and trades around the 1.3500 psychological mark during the Asian session on Monday. Moreover, spot prices hold above Friday's swing low, warranting some caution for bearish traders.
Indonesian Rupiah weakens as Fed rate hike odds lift US Dollar
USD/IDR extends its gains for the second successive day, trading around 17,700 during the Asian hours on Monday.