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Germany Consumer Price Index (MoM) came in at 0.2%, below expectations (0.3%) in August
Germany Consumer Price Index (MoM) came in at 0.2%, below expectations (0.3%) in August
Euro: ECB tightening expectations support pair – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad expects Eurozone August headline Consumer Price Index (CPI) to accelerate to 3.3% year-on-year on higher energy, with core inflation steady at 2.5%.
USD/JPY Price Forecast: Faces selling pressure above 160.00
The US Dollar (USD) is down 0.3% to near 159.65 against the Japanese Yen (JPY) during the European trading session on Monday. The USD/JPY pair declines as the Japanese currency outperforms its peers on hopes of support from the United States (US)-Japan joint intervention.
Euro languishes around 1.1600 amid Fed hiking hopes, fresh tensions in Iran
The Euro (EUR) posts marginal gains against the US Dollar (USD) on Monday, but it remains close to Friday’s lows at 1.1578, as bulls fail to find significant acceptance above 1.1600.
Brazil Primary Budget Surplus increased to 1.4B in July from previous -55.3B
Brazil Primary Budget Surplus increased to 1.4B in July from previous -55.3B
Brazil Nominal Budget Balance below forecasts (-84B) in July: Actual (-97.6B)
Brazil Nominal Budget Balance below forecasts (-84B) in July: Actual (-97.6B)
Gold consolidates after sharp decline as higher-for-longer Fed outlook weighs
Gold (XAU/USD) fluctuates between gains and losses on Monday after opening the week lower and briefly falling below $4,400, its lowest level since August 19, during Asian trading hours. The metal retains a near-term bearish bias as hawkish Federal Reserve (Fed) expectations keep buyers cautious.
Canadian Dollar: BoC dovish tone and tariff risks – TD Securities
TD Securities’ macro team, including Andrew Kelvin and Jayati Bharadwaj, expects the Bank of Canada (BoC) to adopt a dovish tone and provide limited guidance as trade tensions with the US rise.
New Zealand Dollar holds above 0.5900 as traders await RBNZ decision
NZD/USD trades around 0.5910 on Monday, virtually unchanged on the day at the time of writing. The New Zealand Dollar (NZD) retains some support from improving Chinese activity data, but the move remains limited as investors prepare for the Reserve Bank of New Zealand (RBNZ) decision on Wednesday.
US Dollar: Jobs data to test hawkish Fed repricing - BNY
BNY’s Geoff Yu highlights that recent U.S. inflation data left the macro narrative intact, but Fed Chair Kevin Warsh’s Jackson Hole speech pushed markets to reprice September hike odds and lifted the Dollar. The focus now shifts to U.S.
Gold Price Forecast: XAU/USD steadies near $4,400 lows amid rising Fed tightening bets
Gold (XAU/USD) shows marginal gains on Monday, with price action hovering around $4.450 at the time of writing yet unable to take off from last week’s lows in the $4,400 area after depreciating more than 4% late last week.
GBP/USD Price Forecast: Finds ground slightly below 20-day EMA
The British Pound (GBP) is marginally higher at around 1.3545 against the US Dollar (USD) during the European trading session on Monday. The GBP/USD pair rebounds as the US Dollar corrects after a strong upside move on Friday.
India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above expectations (7.1%) in 2Q
India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above expectations (7.1%) in 2Q