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EUR: Prospects on of any near-term improvement in Ukraine fade - ING
EUR/USD is edging lower, driven both by the dollar and fading prospects of any near-term improvement in Ukraine, ING's FX analyst Chris Turner notes.
EUR/USD: 2-way trades are likely - OCBC
Euro (EUR) continued to trade subdued. Pair was last at 1.16 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Jerome Powell expected to give clues about Fed rate path in Jackson Hole speech
US Federal Reserve (Fed) Chair Jerome Powell is scheduled to deliver a speech on "Economic Outlook and Framework Review" at the annual Jackson Hole Economic Symposium on Friday at 14:00 GMT.
GBP/JPY Price Forecast: Hesitates around 199.00 in risk-off markets
The Pound has returned above the 199.00 mark against the Japanese Yen after pulling back to 198..85 lows on the early European session.
AUD/USD trades with caution near 0.6400 as Fed Powell's speech takes centre stage
The AUD/USD pair trades cautiously near a fresh two-month low around 0.6400 during the European trading session on Friday. The Aussie pair is expected to remain on tenterhooks as investors await Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
EUR/CAD Price Forecast: Showing signs of topping at 1.6190 YTD highs
The Euro is losing momentum against the Canadian Dollar on Friday.
Pound Sterling refreshes two-week low as traders trim Fed dovish bets
The Pound Sterling (GBP) posts a fresh two-week low around 1.3400 against the US Dollar (USD) during the European trading session on Friday.
Silver Price Forecast: XAG/USD tests $38.00 support near nine-day EMA
Silver price (XAG/USD) depreciates after two days of gains, trading around $38.10 per troy ounce during the European hours on Friday. The technical analysis of the daily chart suggests the price of the precious metal remains within a descending channel pattern, indicating a bearish bias is active.
Forex Today: US Dollar extends weekly uptrend ahead of Powell speech at Jackson Hole
Here is what you need to know on Friday, August 22:
Dow Jones futures move little amid market caution ahead of Fed Powell's address
Dow Jones futures steady around 44,850 during early European hours on Friday, ahead of the opening of the United States (US) regular markets. However, the S&P 500 futures decline by 0.12% to trade around 6,380, and the Nasdaq 100 futures fall by 0.29%, trading around 23,150.
NZD/USD extends downside to near 0.5800 as traders brace for Powell's Jackson Hole remarks
The NZD/USD pair remains under selling pressure near 0.5805 during the early European trading hours on Friday. The Reserve Bank of New Zealand's (RBNZ) dovish tone exerts some selling pressure on the New Zealand Dollar (NZD) against the Greenback.
FX option expiries for Aug 22 NY cut
FX option expiries for Aug 22 NY cut at 10:00 Eastern Time via DTCC can be found below.
US Dollar Index rises to near 99.00 on fading Fed rate cut odds, Powell's speech awaited
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its gains for the second successive session and trading around 98.80 during the Asian hours on Friday.
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $63.52 per barrel, up from Thursday's close at $63.40.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $67.13 price posted on Thursday, and trading at $67.23.
EUR/GBP posts modest losses near 0.8650 ahead of German GDP release
The EUR/GBP cross trades with mild losses near 0.8650 during the early European session on Friday. The expectations that the Bank of England (BoE) might hesitate to cut interest rates in the remainder of the year support the Pound Sterling (GBP) against the Euro (EUR).
WTI holds steady near $63.50 as optimism over Russia-Ukraine peace fades
West Texas Intermediate (WTI) Oil price holds ground after two days of gains, trading around $63.40 during the Asian hours on Friday. Crude Oil prices were largely unchanged, with waning hopes for an immediate Russia-Ukraine peace deal underpinning the risk premium demanded by Oil sellers.
USD/CHF refreshes weekly high near 0.8100 as US Dollar trades firmly
The USD/CHF pair posts a fresh weekly high near 0.8100 during the late Asian session on Friday. The Swiss Franc pair advances as the US Dollar (USD) trades firmly ahead of Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
USD/MXN ticks higher after Banxico Minutes; looks to Powell's speech for fresh impetus
The USD/MXN pair attracts some dip-buying near the 18.7375 area during the Asian session on Friday, and for now, seems to have snapped a two-day losing streak. Spot prices, however, lack bullish conviction and currently trade around the 18.7665 zone, up just over 0.05% for the day.
AUD/JPY Price Forecast: Resumes upward journey above 100-day EMA near 95.50
The AUD/JPY cross attracts some buyers to around 95.45 during the early European session on Friday. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ) continues to drag the Japanese Yen (JPY) lower and acts as a tailwind for the cross.
USD/INR opens higher amid caution ahead of Fed Chair Powell's speech
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday. The USD/INR pair rises to near 87.60 as the US Dollar demonstrates strength ahead of Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
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