Show:
EUR/USD remains on the upside - UOB Group
The risk for Euro (EUR) remains on the upside, but it must first close above 1.1755 before a move toward 1.1790 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Dollar support seen neyond Fed cut expectations - ING
With markets focused on a September Fed rate cut, attention is shifting to other factors that could lend support to the dollar.
USD/CNH: On the rebound - OCBC
USD/CNH rebounded again this morning after USD/CNY daily fix was set higher (at 7.1089 on Tue and 7.1072 on Monday vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1462, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Things look more exciting on the US side - Commerzbank
The euro area's inflation figures may not be very exciting, but the US is returning from an extended Labour Day weekend today to start a busy week, Commerzbank's FX analyst Michael Pfister notes.
USD: September seasonality in play? - ING
The dollar is drifting higher in quiet conditions. Weekend news about US tariffs being ruled illegal has not had much impact so far. US Treasury yields have been marked a couple of basis points higher, and US equity futures are slightly lower, ING's FX analyst Chris Turner notes.
JPY: Should see demand from the US fiscal dominance story - ING
Fed independence will remain a huge theme for financial markets this year, ING's FX analyst Chris Turner notes.
DXY: ISM Mfg today - OCBC
US Dollar (USD) a touch firmer this morning in quiet trade as US markets were closed for Labour Day holiday yesterday. DXY last at 98.35 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
ISM Manufacturing PMI expected to improve slightly in August, but remain in contraction
The Institute for Supply Management (ISM) is scheduled to release the August Manufacturing Purchasing Index this Tuesday. The index is a trusted measure of the health of the United States (US) manufacturing sector, closely followed by market players.
ECB's Simkus: No reason to adjust rates now
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Tuesday that there is "no reason to adjust rates now."
EUR/USD: Political risk premium misplaced - OCBC
Euro (EUR) slipped modestly but still traded near recent highs of 1.17 levels. Pair was last at 1.1650, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR: Much ado about CPI - ING
There seems to be quite a lot of focus on the August eurozone CPI release today. Consensus expects headline to tick up to 2.1% YoY and core to tick down to 2.2% YoY, ING's FX analyst Chris Turner notes.
USD/CAD Price Forecast: Challenges EMAs resistance in a bid to reach 1.3800
USD/CAD continues to gain ground for the second successive session, trading around 1.3780 during the European hours on Tuesday. The technical analysis of the daily chart suggests that the pair moves sideways within a rectangular pattern, suggesting a consolidation phase.
NZD/USD Price Forecast: Slumps to near 0.5850 as 20-day EMA remains key barrier
The NZD/USD pair is down 0.8% to near 0.5850 during the European trading session on Tuesday. The Kiwi pair tumbles as the US Dollar (USD) strengthens ahead of the opening of United States (US) markets after an extended weekend.
Pound Sterling weakens against US Dollar ahead of US Manufacturing PMI data
The Pound Sterling (GBP) declines to near 1.3480 against the US Dollar (USD) during the European trading session on Tuesday.
EUR/GBP rises toward 0.8700 ahead of Eurozone HICP data
EUR/GBP has recovered its recent losses from the previous session and is trading around 0.8680 during the Asian hours on Tuesday. The currency cross gains ground as the Euro (EUR) appreciates ahead of the release of preliminary Eurozone Harmonized Index of Consumer Prices (HICP) data for August.
GBP/JPY retreats from YTD peak as surging UK bond yields weigh on GBP
The GBP/JPY cross retreats sharply from the 200.25 region or the vicinity of its highest level since July 2024 amid the emergence of heavy selling around the British Pound (GBP) during the early European session on Tuesday.
When is the Eurozone Prelim HICP inflation and how could it affect EUR/USD?
The Eurostat will publish the preliminary Eurozone inflation data for August later this Tuesday at 0900 GMT.
EUR/USD pulls back from highs ahead of Eurozone inflation data
The EUR/USD pair is putting an end to a five-day positive streak on Tuesday and retreats from Monday's highs at 1.1735, trading right below 1.1700 at the time of writing in the European session opening.
China's Xi: We are willing to keep close high-level exchanges with Russia
Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an "old friend" as the two began bilateral talks in Beijing, Bloomberg reported on Tuesday.
Forex Today: Gold notches new record-high, focus shifts to US data
Here is what you need to know on Tuesday, September 2:
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy