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USD/CAD steadies near four-week low amid thin holiday trading
The Canadian Dollar (CAD) is slightly weaker against the US Dollar (USD) on Monday, with USD/CAD rebounding from earlier losses to halt a four-day decline.
GBP/USD opens the door to a visit to 1.3600
The British Pound rapidly shrugs off Friday's hiccup and manages to regain composure on Monday, lifting GBP/USD past 1.3500 the figure in a context dominated by the widespread selling bias in the Greenback.
EUR/GBP softens as Eurozone PMI strength fails to lift Euro
The Euro (EUR) edges lower against the British Pound (GBP), with EUR/GBP slipping below 0.8660 and snapping a two-day winning streak.
USD/CNH: Likely to consolidate between 7.1150 and 7.1340 - UOB Group
US Dollar (USD) is likely to consolidate between 7.1150 and 7.1340. In the longer run, USD remains negative, and it could drop and potentially break below 7.1000, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY: Likely to trade sideways between 146.70 and 147.50 - UOB Group
Momentum indicators are turning flat; US Dollar (USD) is likely to trade sideways between 146.70 and 147.50. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Gold nears all-time high as US Dollar weakens and Fed rate cut bets grow
Gold (XAU/USD) kicks off the week on a stronger note, extending its advance for a fifth consecutive day to reach its highest level in more than four months, last seen on April 22.
NZD/USD: Clear break above 0.5920 seems unlikely - UOB Group
There is scope for New Zealand Dollar (NZD) to continue to edge higher; a clear break above 0.5920 seems unlikely. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
AUD/USD: Clear break above 0.6555 s unlikely - UOB Group
Australian Dollar (AUD) is likely to test 0.6555; a clear break above this level is unlikely. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
EUR/USD: Upward momentum is starting to build - UOB Group
Bias for Euro (EUR) is tilted to the upside; it does appear to have enough momentum to break above 1.1720. In the longer run, upward momentum is starting to build; the probability of EUR breaking above 1.1720 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY consolidates around 147.00 at the start of busy US-data week
The USD/JPY pair trades in a tight range around 147.00 during the European trading session on Monday. The pair wobbles, even as the US Dollar (USD) sinks to its monthly low, suggesting that the Japanese Yen (JPY) is also weak.
GBP/USD: Upward momentum is likely to lead to a higher range - UOB Group
Slight increase in upward momentum is likely to lead to a higher range of 1.3475/1.3535 rather than a sustained advance.
AUD/USD advances to near 0.6550 as US Dollar declines ahead of US job data
The AUD/USD pair gains sharply to near 0.6560 during the European trading session Monday. The Aussie pair advances as the US Dollar (USD) underperforms its peers on expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy meeting this month.
Are the courts thwarting Trump's plans? - Commerzbank
When I read the news about the dismissal of Fed Governor Lisa Cook on a newsflash during my vacation, I was certain the markets would go crazy. To my surprise, however, I now have to acknowledge that EUR/USD is trading nearly unchanged compared to levels from three weeks ago.
Gold breaks out of triangle, targets $3500 - Société Générale
Gold has surged above the top of its months-long ascending triangle, confirming a bullish breakout and signaling further upside. Momentum indicators remain supportive as prices near April's $3500 peak, with $3575-$3600 the next key targets, Société Générale's FX analysts note.
USD: Executive overreach - ING
The US Labor Day holiday and the closed US Treasury market make it a little difficult to infer what investors make of Friday's federal appeals court ruling that President Donald Trump's universal tariffs were illegal.
USD/JPY: Bias to sell rallies - OCBC
USD/JPY continued to trade modestly softer. Pair was last at 147.09 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
US jobs report later this week is key for Gold - ING
Gold prices continued their upward move on Friday, with growing noise surrounding potential secondary sanctions providing further support to the market, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/CNH: Mild rebound from lows - OCBC
USD/CNH rebounded this morning after USD/CNY daily fix was set higher (at 7.1072 vs. 7.1030 last Friday), snapping the 5-day streak of lower fixes. Pair was last at 7.1319, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Speculators continue to sell WTI - ING
Oil prices settled lower last week despite growing European calls for secondary sanctions on buyers of Russian oil and gas, ING's commodity experts Ewa Manthey and Warren Patterson note.
GBP: Will the budget date be announced this week? - ING
If the UK government wants the Bank of England to be able to react to a fiscally tight budget, it will have to announce the budget date this week, ING's FX analyst Chris Turner notes.
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