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Japanese Yen: Safe-haven status questioned – Commerzbank
Commerzbank’s Michael Pfister and Volkmar Baur highlight that the Japanese Yen is struggling as a safe haven despite risk-off conditions. Rising Japanese debt concerns and the Bank of Japan’s (BoJ) rate hikes are seen eroding its traditional crisis appeal.
Gold: Modest gains in risk-off backdrop – Deutsche Bank
Deutsche Bank notes that Gold prices edged higher alongside broader risk-off moves and rising financial stress in Europe. While the report focuses more on bonds, equities and energy, Gold’s advance came as volatility ticked up and investors digested geopolitical risks and shifting central bank expectations ahead of key US and Euro Area data releases.
WTI Oil edges down below $91.00 amid reports of higher flows from the Gulf
Crude Oil prices show a moderate pullback on Friday as news of increased exports from Gulf countries offsets concerns about stalled US-Iran peace negotiations.
Forex Today: US Dollar consolidates weekly gains ahead of critical Nonfarm Payrolls data
Here is what you need to know on Friday, October 2:
Euro gains against Canadian Dollar ahead of Eurozone HICP data
EUR/CAD rises after posting modest losses in the previous day, trading around 1.6010 during the early European hours on Friday. Traders are turning their attention to the upcoming preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for September, set to be released later in the day.
British Pound trades flat against Japanese Yen, Tokyo CPI beats estimates
The British Pound (GBP) consolidates against the Japanese Yen (JPY), which is outperforming its currency peers on Friday. At press time, GBP/JPY is flat at around 208.55.
AUD/USD Price Forecast: Strengthen to near 0.6950, but keeping bearish bias amid oversold conditions
The AUD/USD pair gathers strength to around 0.6940 during the early European trading hours on Friday. Markets might turn cautious later in the day ahead of the key US economic data and escalating conflicts in the Middle East.
Spain Unemployment Change came in at 23.587K, above forecasts (17.6K) in September
Spain Unemployment Change came in at 23.587K, above forecasts (17.6K) in September
Spain Unemployment Change came in at 23.6K, above expectations (17.6K) in September
Spain Unemployment Change came in at 23.6K, above expectations (17.6K) in September
Euro holds losses against British Pound amid French debt woes, high Oil Prices
The Euro (EUR) edges lower against the British Pound (GBP) on Friday, set to complete its worst weekly performance in four months with a 1% sell-off, hammered by high Oil prices and mounting concerns about France’s fiscal health.
US Dollar Index Price Forecast: Hawkish Fed pricing backs more upside above 102.20
The US Dollar (USD) trades marginally lower on Friday ahead of the United States (US) Nonfarm Payrolls (NFP) data for September at 12:30 GMT.
Norway Registered Unemployment n.s.a came in at 2% below forecasts (2.1%) in September
Norway Registered Unemployment n.s.a came in at 2% below forecasts (2.1%) in September
Japanese Yen rises due to hot Tokyo CPI, dovish Fed bets
USD/JPY declines after two days of gains, trading around 157.90 during Asian hours on Friday. The Japanese Yen (JPY) gained momentum following stronger-than-expected inflation data from Tokyo, putting downward pressure on the pair.