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USD/CNH: Major resistance at 7.2100 is unlikely to come into view - UOB Group
US Dollar (USD) could rise and test 7.2010 against Chinese Yuan (CNH); the major resistance at 7.2100 is unlikely to come into view.
USD/JPY: Might rise and test 148.75 - UOB Group
US Dollar (USD) could rise and test 148.75 against Japanese Yen (JPY); a break above this level is not ruled out, but USD is unlikely to threaten 149.20.
NZD/USD: Upward momentum is building - UOB Group
Softer underlying tone is likely to lead to New Zealand Dollar (NZD) trading in a lower range of 0.5925/0.5955.
Supply concerns on the Copper market ease - Commerzbank
The Copper price fell slightly at the beginning of the week after the world's largest Copper mine producer announced that operations at one of its mines in Chile affected by an earthquake could largely resume.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data.
China reduces purchases of Saudi Arabian oil - Commerzbank
Saudi Arabia is likely to deliver significantly less crude oil to China in September, Commerzbank's commodity analyst Carsten Fritsch notes.
AUD/USD: Likely to be contained between 0.6470/0.6555 - UOB Group
A narrower range of 0.6470/0.6555 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Oil prices under pressure ahead of Trump-Putin meeting - Commerzbank
Oil prices last week recorded their sharpest weekly declines since the end of June. At the same time, they fell to their lowest levels in two months. Brent is down 7% compared to the beginning of the month, WTI 7.5%.
GBP/USD: Likely to trade between 1.3395 and 1.3465 - UOB Group
The current price action still appears to be part of a consolidation phase; Pound Sterling (GBP) is likely to trade between 1.3395 and 1.3465.
Gold price falls sharply at start of week - Commerzbank
The price of Gold came under significant pressure yesterday, Commerzbank's commodity analyst Carsten Fritsch notes.
WTI Oil prices consolidate around $63.50 ahead of the Putin-Trump meeting
Crude Oil prices are trading sideways, within a tight range around $63.50 on Tuesday, consolidating gains after having bounced from two-month lows near $62.00 on Monday. Upside attempts, however, remain limited ahead of the meeting between Trump and Putin later on the week.
How is the USD going to react? - Commerzbank
Today, the foreign exchange market will probably focus primarily on the US inflation figures, which will be published at 1:30 pm BST. According to a Bloomberg survey, core inflation is expected to accelerate slightly.
German ZEW Economic Sentiment Index drops to 34.7 in August vs. 40 expected
The headline German ZEW Economic Sentiment Index fell to 34.7 in August from 52.7 in July, missing the market forecast of 40.
EUR/USD: Further decline is unlikely to reach 1.1540 - UOB Group
There is a chance for Euro (EUR) to test, and potentially dip below 1.1585 against US Dollar (USD); any further decline is unlikely to reach 1.1540.
EUR/JPY price forecast: Eyes bullish breakout above 172.50 barrier
EUR/JPY extends its winning streak for the third successive session, trading around 172.40 during the European hours on Tuesday. The technical analysis of the daily chart suggests a potential for a bullish bias as the currency cross is attempting to break above the rectangular pattern.
RBA delivers expected 25bp cut - ING
The Reserve Bank of Australia delivered a widely expected 25bp rate cut, prompting a modest AUD dip as markets viewed its lowered inflation and growth forecasts as dovish, ING's FX analyst Francesco Pesole notes.
USD: We expect 0.4% MoM core CPI - ING
The dollar has found some support ahead of today's US CPI release. Some of this may reflect profit-taking in still relatively crowded USD shorts, as well as President Trump's decision to extend the tariff pause on China by another 90 days.
Gold: Some clarity - OCBC
President Trump wrote on Truth Social that imports of gold will not be tariffed, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/USD tests key 50-day moving average - Société Générale
EUR/USD is rebounding toward its 50-day moving average, but resistance near 1.18 could cap gains, leaving the pair vulnerable to a pullback toward 1.1525 or lower, Société Générale's FX analysts note.
AUD/USD: RBA's guidance; extension of China truce - OCBC
Australian Dollar (AUD) was a touch firmer this morning amid supported risk sentiment and improvement in business confidence, OCBC's FX analysts Frances Cheung and Christopher Wong note.
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