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Polish Zloty: Budget risks point to further weakness versus Euro - Societe Generale
Societe Generale says Polandâs elevated fiscal deficit and rapidly rising public debt could keep pressure on the zloty, with the draft 2027 budget set to provide the next key test for investor appetite.
Hungarian Forint: Rate path extends beyond summer â ING
ING strategists see Tuesdayâs National Bank of Hungary (NBH) decision as the final step in a summer mini rate-cut cycle, but expect easing to continue.
Euro holds near three-month highs as investors await US sanctions to Iran
The Euro (EUR) nurses minor losses against the US Dollar (USD) on Monday but holds most of the gains taken last week.
Japanese Yen weakens against recovering USD; seems vulnerable amid US-Japan rate gap
The USD/JPY pair rallies over 75 pips following an intraday slide to mid-158.00s and climbs to a fresh daily high during the first half of the European session on Monday.
US Dollar: Warsh speech shapes Dollar and Treasuries â BNY
BNYâs Geoff Yu highlights that markets will focus on Kevin Warshâs first Jackson Hole appearance, with July PCE data seen as a precursor for U.S. rates and Dollar moves.
Dow Jones futures slip as US Treasury pledges buybacks, Middle East tensions persist
Dow Jones futures remain subdued around 53,350 during European hours on Monday. Meanwhile, S&P 500 futures decline by 0.17%, to trade near 7,680, and Nasdaq 100 futures fall by 0.65% to trade around 29,200.
Japanese Yen: Slightly bullish within broad range against US Dollar â UOB
United Overseas Bankâs (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as lacking fresh clues after swings between 158.33 and 159.13, leaving intraday trade likely confined to 158.55â159.30.
Gold: Debasement narrative lifts prices â TD Securities
TD Securitiesâ Bart Melek notes that Gold has rallied sharply as recent U.S. Dollar weakness and concerns over Fed credibility and Treasury bond-market intervention drive fresh long positioning.
Oil: Sanctions risk keeps market tense â Danske Bank
Danske Research Team highlights renewed geopolitical tension around Iran as Washington prepares tougher sanctions that could hit Oil flows from the Gulf.
EUR/GBP Price Forecast: Bears remain in control with 0.8550 support area on focus
The Euro (EUR) extends losses as the British Pound (GBP) seems to be coping better with the moderate risk-off mood amid growing tensions between the US and Iran, as Washington pledged an âeconomic D-Dayâ on the Islamic Republic.
Turkish Lira: Policy normalisation supports carry appeal â ING
INGâs Chris Turner notes the Central Bank of the Republic of TĂŒrkiye (CBRT) has restarted one-week repo operations, shifting funding back to the 37% policy rate from the 40% overnight lending rate after a prior effective 300bp hike.
British Pound refreshes monthly high; looks to extend rally above 217.00 vs weak Yen
The GBP/JPY cross attracts some dip-buyers near the 216.20 area and touches a fresh monthly high during the early part of the European session on Monday. Spot prices currently trade just above the 217.00 mark and seem poised to appreciate further amid a broadly weaker Japanese Yen (JPY).
Silver Price Forecast: XAG/USD steadies around $69.00 amid US bond buybacks
Silver price (XAG/USD) remains stronger for the fourth successive day, trading around $69.00 per troy ounce during the European hours on Monday. Silver price rises as concerns over United States (US) debt management and fiscal sustainability persist.