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EUR/USD Price Forecast: 100-Day SMA blocks bullish reversal
The EUR/USD pair registers gains of over 0.32% on Friday as traders face key resistance at the 100-day Simple Moving Average (SMA) at 1.1567, as bulls eye the 1.1600 psychological figure. At the time of writing, the pair trades at 1.1564 after bouncing off daily lows of 1.1526.
Ethereum Price Forecast: Derivatives interest remains calm amid mixed sentiment
Ethereum (ETH) derivatives interest has been ranging sideways over the past week after a mild flip in seller dominance.
Which retail sales number is the consumer?
US retail and food services sales are 5% higher than a year ago, which reads like a consumer in reasonable health. Nearly a quarter of that increase came from gasoline stations, where the dollars are a war tax rather than a purchase, and those receipts have now fallen two months running.
The U.S dollar debasement trade is back – Gold’s next explosive breakout [Video]
The U.S dollar debasement trade is moving back to the centre of global markets and Gold may be its clearest beneficiary.
Chinese investment demand was resilient in Q2 despite rangebound prices
Despite gold trading sideways in the second quarter after its big price correction in the first, Chinese physical gold investment demand remained robust.
Chinese Yuan: Activity data and PBOC stance guide FX – MUFG
MUFG’s Asia FX Weekly highlights that China’s July activity indicators, following weak Q2 GDP, will be central for the Chinese Yuan and regional FX.
Japanese Yen holds as soft US data meets a weak Yen
USD/JPY is holding near 159.40 at the time of writing, with little change on the day. A weak United States (US) Consumer Sentiment reading nudged the Dollar lower, but the pair has stayed close to where it started.
US Dollar Weekly Forecast: Fed hawks circle, but weak data clips the Dollar’s wings
It was a strange week for the US Dollar (USD): while the geopolitical situation has remained largely unchanged, with the usual back-and-forth between the US, Iran, and occasional third parties, disappointing domestic data have re-emerged, reducing expectations of potential tightening by the Federal
USD/CAD Price Forecast: Bears target the 200-day SMA
USD/CAD extends its decline farther below 1.4000 on Friday and heads for a third consecutive weekly loss. At the time of writing, the pair trades around 1.3877, at levels last seen in early July.
The Dollar Index breaks on the fourth consecutive soft print
The Dollar Index took a payroll contraction on August 7, a cooler consumer price reading on August 12 and a flat producer price reading on August 13 without surrendering its range. Friday's data finally did it.
Singapore Dollar: Consolidation near 1.28 with upside risks against US Dollar – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note USD/SGD is consolidating around 1.28 as softer United States (US) Producer Price Index (PPI) trims Federal Reserve (Fed) hike expectations but fails to trigger fresh US Dollar (USD) selling.
USD/CHF Price Forecast: Bearish flag holds as bulls eye 0.8150
The USD/CHF turns negative on the day, snapping a four-day winning streak, yet it remains above 0.8100, suggesting further upside is possible if buyers reclaim key resistance levels. At the time of writing, the pair trades at a 0.12% loss.
Gold rallies as weak US data dents Fed hike bets
Gold price registers solid gains of nearly 0.90% on Friday as the US Dollar weakens across the board, following a week that featured softer inflation data, which decreased the chances for a rate hike by the Federal Reserve (Fed). The XAU/USD trades at $4,386, still below the $4,400 threshold.
ASEAN FX: Regional data and growth concerns – MUFG
MUFG analysts focus on several ASEAN indicators for regional currencies. They flag Singapore’s July non-oil domestic exports after June’s strong 20.7% year-on-year rise, and expect Malaysia’s CPI to stay contained at 1.9% year-on-year.
Canada: Core softness guides BoC path – TD Securities
TD Securities’ Robert Both expects Canadian headline CPI to rise to 2.9% year-on-year in July, driven by higher gasoline and food prices, while ex. food/energy components stay muted.
Indonesia: Policy continuity supports Rupiah – ING
ING’s Lynn Song expects Bank Indonesia to keep its benchmark rate unchanged at 5.75% this week, prioritizing Rupiah stability while avoiding an immediate hike. The report highlights BI’s growing reliance on non-rate tools such as SRBI yields and FX intervention.
British Pound advances as weak US sales deepen USD slide
The Pound Sterling rises by some 0.40% on Friday as a batch of US data justifies the Fed's dovish approach, with consumer sentiment deteriorating while the disinflation process improved. The GBP/USD trades at 1.3545 after bouncing off daily lows of 1.3482.
Japanese Yen: Policy risks support gains against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret observe USD/JPY trading near 159, with modest Japanese Yen (JPY) gains offering reassurance to the Ministry of Finance (MoF) after recent weakness.
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