Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Austria Unemployment Rate: 7.2% (August) vs 6.9%
Austria Unemployment Rate: 7.2% (August) vs 6.9%
Austria Unemployment: 311.4K (August) vs 298.9K
Austria Unemployment: 311.4K (August) vs 298.9K
Brent Oil: Geopolitics delay supply recovery – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong raise their end-2026 Brent forecast to USD 80/bbl from USD 75/bbl as Middle East supply disruptions prove more prolonged. They note falling inventories, rising transport costs and emerging diesel shortages as key constraints.
Silver Price Forecasts: XAG/USD looks for direction above key support at $65.50 area
Silver (XAG/USD) remains practically flat on Tuesday, holding most of Friday’s losses and trading at $66.60 at the time of writing, with price action contained within the previous day’s range.
Euro edges lower against British Pound as Germany’s Retail Sales fall more than expected in July
The EUR/GBP cross loses traction to near 0.8570 during the early European trading hours on Tuesday. The Euro (EUR) edges slightly lower following German Retail Sales data.
Equities: Geopolitics and yields pressure stocks - Deutsche Bank
Deutsche Bank’s Jim Reid notes that global equities ended August on a softer footing as escalating US-Iran tensions and a hawkish Jackson Hole speech from Fed Chair Warsh weighed on risk sentiment.
British Pound: Downside risk focuses on 1.3480 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that GBP/USD remains in a short-term range after last week’s sharp drop, with intraday trade expected between 1.3535 and 1.3570.
Swiss Franc moves little following Real Retail Sales data
USD/CHF appreciates after registering losses in the previous day, trading around 0.8100 during the Asian hours on Tuesday. The pair remains steady despite stronger-than-expected Swiss economic data.
Australia RBA Commodity Index SDR (YoY) increased to 15.5% in August from previous 15.4%
Australia RBA Commodity Index SDR (YoY) increased to 15.5% in August from previous 15.4%
Switzerland Real Retail Sales (YoY) above expectations (1.3%) in July: Actual (2.3%)
Switzerland Real Retail Sales (YoY) above expectations (1.3%) in July: Actual (2.3%)
Sweden Manufacturing PMI: 56.1 (August) vs 55.8
Sweden Manufacturing PMI: 56.1 (August) vs 55.8
Euro: Modest rebound against US Dollar as yields rise – Danske Bank
Danske Research Team notes that EUR/USD has modestly rebounded above 1.16 following recent Dollar strength after Fed Chair Kevin Warsh’s Jackson Hole speech.
USD/CAD Price Forecast: Trade tensions to keep Canadian Dollar under pressure
The US Dollar (USD) trades slightly higher to near 1.3863 against the Canadian Dollar (CAD) during the European trading session on Tuesday. The Loonie pair remains broadly as ongoing trade tensions between the United States (US) and Canada have put the Canadian Dollar under pressure.