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The Riksbank leaves everything open - Commerzbank
As expected, the Riksbank left its policy rate unchanged at 2% on Wednesday. At the same time, it signaled the possibility of a further interest rate cut this year, which would be 'in line with the June forecast', Commerzbank's FX analyst Antje Praefcke notes.
GBP/USD: Risk is still tilted to the downside - UOB Group
Price action remains soft, and the risk is still tilted to the downside; the major support is probably out of reach for now. In the longer run, GBP is now neutral; it is likely to trade in a range between 1.3415 and 1.3585, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/GBP fails to clear key resistance - Société Générale
EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.
EUR/GBP hovers around 0.8650 following PMIs from UK, Eurozone
EUR/GBP remains steady after registering gains in the previous session, trading around 0.8660 during the European hours on Thursday. The currency cross moves little following the release of mixed S&P Global UK Purchasing Managers' Index (PMI) data.
EUR/USD: Likely to trade in a range between 1.1630 and 1.1680 - UOB Group
Momentum indicators are turning flat; Euro (EUR) is likely to trade in a range between 1.1630 and 1.1680. In the longer run, tentative increase in downward momentum could lead to EUR edging lower and testing 1.1595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD extends losing streak for fourth trading day, Fed Powell's speech in focus
The AUD/USD pair extends its losing streak for the fourth trading day on Thursday. The Aussie pair slides to near 0.6415 in the European trading session, the lowest level seen in almost two months.
GBP/JPY Price Forecast: Refreshes daily peak, around 198.80 after UK PMIs
The GBP/JPY cross regains positive traction on Thursday and moves away from a nearly two-week low, around the 197.85 area touched the previous day.
USD: FOMC minutes were old news - ING
The dollar is little changed after last night's release of the FOMC minutes for July. That FOMC meeting was held before the release of the July jobs data - meaning that all the references to a 'solid' jobs market in those minutes are now under scrutiny, ING's FX analyst Chris Turner notes.
NZD/USD: Bearish momentum but RSI near oversold - OCBC
Kiwi fell post-RBNZ policy decision. NZD last seen at 0.5820 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD/CHF keeps wavering around 0.8050, awaiting fundamental triggers
The US Dollar reversal from Wednesday's highs around 0.8090 against the Swiss Franc has been contained right above 0.8020, which leaves the pair moving back and forth within the 70-pip range where it has been trapped for more than seven days.
GBP: Inflation remains too high - Commerzbank
At first glance, yesterday's British inflation figures for July were clear: service inflation was two-tenths, while core and headline inflation were each one-tenth higher than expected.
DXY: Consolidation continues - OCBC
US Dollar (USD) eased slightly overnight, in line with sideways trading. DXY was last at 98.28, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CNY: China's 'global renminbi' moment - ING
It's been a good month for Chinese assets. The benchmark CSI 300 is +5.9% this month in dollar terms.
EUR/USD: 2-way trades are likely - OCBC
Euro (EUR) continued to trade subdued. Pair was last at 1.1645 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
UK Preliminary Services PMI leaps to 53.6 in August vs. 51.8 expected
The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers' Index (PMI) declined to 57.3 in August from 48 in July. The data missed the anticipated 48.3 print in the reported period.
EUR: Optimism over a potential ceasefire/peace fades - ING
EUR/USD is becalmed. It's fair to say that the optimism over a potential ceasefire/peace deal in Ukraine is now fading, as evidenced by EUR/CHF dropping back down to 0.9370, ING's FX analyst Chris Turner notes.
USD/CAD refreshes almost three-month high near 1.3880 ahead of flash US PMI
The USD/CAD pair trades firmly near a fresh almost three-month high around 1.3880 during the European trading session on Thursday.
Eurozone Preliminary Manufacturing PMI expands to 50.5 in August vs. 49.5 expected
The Eurozone manufacturing sector unexpectedly returned to expansion, while the services sector activity declined in August, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
US S&P Global PMI likely to signal modest business activity slowdown in August
S&P Global will release on Thursday the August flash Purchasing Managers' Indices (PMIs) for the United States (US), surveys of top private sector executives, which provide an early indication of the business sector's economic health.
Pound Sterling trades with caution ahead of flash UK-US PMI data
The Pound Sterling (GBP) trades cautiously against its major peers on Thursday as investors await the preliminary United Kingdom (UK) S&P Global Purchasing Managers' Index (PMI) data for August, which will be published at 08:30 GMT.
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