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Swiss Franc steadies as Fed hike expectations offset safe-haven flows
The USD/CHF pair flatlines near 0.8090 during the early European trading hours on Tuesday. Traders brace for crucial US Producer Price Index (PPI) and Consumer Price Index (CPI) inflation data later this week.
Tue, Sep 8
USD/CAD Price Forecast: Surging oil prices lift Canadian Dollar
The Canadian Dollar (CAD) trades higher against the US Dollar (USD) on Tuesday. The USD/CAD pair is down 0.25% to near 1.3780 at the time of writing as the Loonie outperforms due to surging oil prices.
Tue, Sep 8
Euro: Range-bound risks against US Dollar with ECB focus – OCBC
OCBC’s Christopher Wong notes EUR/USD is holding near 1.16 as a softer US Dollar (USD) and firmer Euro-area data offset higher Oil prices.
Tue, Sep 8
Euro retreats below 1.1630 following the release of German Trade Balance data
The Euro (EUR) is practically flat against the US Dollar (USD) on Tuesday, after giving back previous gains, following the release of German Trade Balance data.
Tue, Sep 8
Japanese Yen: Strengthens against US Dollar on BoJ outlook - MUFG
MUFG’s Michael Wan notes the Japanese Yen has strengthened below 154 against the US Dollar (USD), its firmest level since February, as markets price faster Bank of Japan tightening.
Tue, Sep 8
AUD/JPY Price Forecast: Weakens below 111.00, remains capped below 100-day SMA
The AUD/JPY cross trades in negative territory around 110.75 during the early European trading hours on Tuesday.
Tue, Sep 8
Indian Rupee corrects from two-month high as oil prices extend rally
The Indian Rupee (INR) retreats from its two-month high against the US Dollar (USD) on Tuesday.
Tue, Sep 8
Shiba Inu Price Forecast: SHIB stalls as rising supply on exchanges warns of profit-taking
Shiba Inu (SHIB) stalls above $0.00000500 on Tuesday, following two consecutive bullish months as upside momentum eases. Volatile investors' interest in the meme coin amid rising supply on exchanges warns of profit-taking despite consistent token burns.
Tue, Sep 8
EUR/JPY Price Forecast: Slips below 178.50 within oversold territory
EUR/JPY loses ground for the second consecutive day, trading around 178.40 during the Asian hours on Tuesday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias.
Tue, Sep 8
AUD/USD Price Forecast: Poised to test multi-year top near 0.7270-0.7275 amid bullish setup
The AUD/USD pair holds steady above the 0.7200 mark through the Asian session on Tuesday, consolidating its recent strong move up to its highest level since May 14 touched the previous day.
Tue, Sep 8
Dogecoin Price Forecast: Whales accumulate as DOGE uptrend stalls below 200-day EMA
Dogecoin (DOGE) holds a modest bullish bias, trading above the key support zone around $0.090 at the time of writing on Tuesday; however, it is capped below the 200-day Exponential Moving Average (EMA) near $0.094.
Tue, Sep 8
Japanese Yen rises to seven-month high on BoJ rate hike bets
The USD/JPY pair falls to around 153.50 during the early European trading hours on Tuesday. The Japanese Yen (JPY) strengthens to a seven-month high against the US Dollar (USD) amid growing expectations of a Bank of Japan (BoJ) interest-rate hike.
Tue, Sep 8
GBP/USD Price Forecast: Consolidates below mid-1.3500s; bullish potential seems intact
The GBP/USD pair struggles to capitalize on the previous day's modest gains and oscillates in a range below mid-1.3500s during the Asian session on Tuesday. The downside, however, remains cushioned as the US Dollar (USD) selling remains unabated on the back of a broadly firmer Japanese Yen (JPY).
Tue, Sep 8
New Zealand Dollar struggles after China’s Trade Balance data
NZD/USD extends its losses for the third successive day, trading around 0.5850 during the Asian hours on Tuesday. The pair is depreciating as the New Zealand Dollar (NZD) remains under pressure following the release of trade data from China, New Zealand’s major trading partner.
Tue, Sep 8
Euro holds steady above 1.1600 as markets brace for US inflation data and ECB rate decision
The EUR/USD pair trades on a flat note around 1.1625 during the early European trading hours on Tuesday. Traders prefer to wait on the sidelines ahead of the key US inflation data and the European Central Bank (ECB) interest rate decision later this week.
Tue, Sep 8
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Tuesday, according to data compiled by FXStreet.
Tue, Sep 8
Silver Price Forecast: XAG/USD jumps to near $37 amid drop in US Dollar, bond yields
Silver price (XAG/USD) is up 1.25% to near $67.00 during the Asian trading session on Tuesday.
Tue, Sep 8
Gold benefits from weak USD; eyes $4,450 as focus remains on US CPI data
Gold (XAU/USD) attracts some buyers during the Asian session on Tuesday, snapping a two-day losing streak as the recent US Dollar (USD) pullback from a three-week high gains momentum amid the rallying Japanese Yen (JPY).
Tue, Sep 8
Ripple and Stellar outlook: Hold bullish bias above EMAs as derivatives back upside
Ripple (XRP) and Stellar (XLM) hold above the key support zones on Tuesday, hinting at an upside move. Derivatives metrics further support the recovery, with both altcoins showing positive funding rates and rising long positions.
Tue, Sep 8
Crypto Market Overview: Bitcoin steadies below $80,000 – INJ, AERO rally
Bitcoin (BTC) hovers around $79,000 on Tuesday, struggling to break above the sell wall between $80,000 and $82,850. The broader cryptocurrency market sentiment remains bullish, with the Fear and Greed Index showing a reading of 73.
Tue, Sep 8
