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Silver Price Forecasts: XAG/USD dips below $66.00 and hints at a bearish “H&S”
Silver (XAG/USD) nudges lower on Monday, hitting session lows in the mid-$65.00s after a reversal from the $68.00 area.
Mon, Sep 7
Euro: Support at 180 eyed against Yen on BoJ risk – DBS
DBS strategist Philip Wee argues that downside risk in EUR/JPY is less straightforward than in CHF/JPY.
Mon, Sep 7
Equities: Labour data weighs on stocks – Danske Bank
Danske Research notes that a strong US labour market report increased expectations of a more hawkish Federal Reserve, pressuring global equities. The S&P 500 declined while the Stoxx 600 posted a small gain, with cyclicals outperforming and rate-sensitive sectors underperforming.
Mon, Sep 7
Euro holds losses against British Pound as German Industrial Production unexpectedly drops in July
The EUR/GBP cross loses ground to around 0.8585 during the early European trading hours on Monday. The Euro (EUR) attracts some sellers against the British Pound (GBP) following the German economic data.
Mon, Sep 7
CEE FX: Hawkish pricing versus dovish banks – ING
ING’s Frantisek Taborsky highlights a busy CEE data and policy calendar, with Hungary’s inflation seen edging up, the National Bank of Poland and Central Bank of Turkey expected on hold, and Romania’s inflation falling sharply on base effects.
Mon, Sep 7
Australian Dollar posts fresh three-month high amid hawkish RBA prospects
The Australian Dollar (AUD) trades 0.13% higher at around 0.7217 against the US Dollar (USD) during the European trading session on Monday, the highest level seen in over three months.
Mon, Sep 7
US Dollar: Volatility risks around Fed decision – Commerzbank
Commerzbank’s Thu Lan Nguyen notes that the latest US labour market report does not materially alter expectations for a September Fed rate move, leaving August US inflation as the key driver.
Mon, Sep 7
Euro remains steady above 1.1610 despite weak German Industrial Production data
The Euro (EUR) trades flat against the US Dollar (USD) on Monday, hovering just above 1.1610 at the European session opening, following a reversal from the 1.1640 area last week.
Mon, Sep 7
Bittensor Price Forecast: TAO eyes $300 amid launch on Raydium, parody meme coin, ChatGPT-6 Astra release
Bittensor (TAO) is trading in the green on Monday, continuing a steady upward trend over the last five days, with a 25% gain. Social chatter surrounding Bittensor is increasing amid a similarly named meme coin launched on Solana and the release of ChatGPT-6 Astra.
Mon, Sep 7
Oil: Tanker risks support prices – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil remains supported as tensions between the US and Iran escalate in the Persian Gulf. They highlight continued flows through the Strait of Hormuz, aided by US Navy escorts, and unchanged OPEC+ quotas.
Mon, Sep 7
Euro: Range holds before key data against US Dollar – Danske Bank
Danske Research Team reports EUR/USD trading in a narrow 1.1610–1.1620 range after quickly reversing losses from a stronger US jobs report.
Mon, Sep 7
NZD/USD Price Forecast: Softens below 0.5900 while remaining in near-term consolidation
The NZD/USD pair trades in negative territory near 0.5875 during the early European trading hours on Monday, pressured by a firmer US Dollar (USD). Traders raise their bets on a US Federal Reserve (Fed) rate hike in the September policy meeting following stronger-than-expected US jobs data.
Mon, Sep 7
German Industrial Production declines 1.1% MoM in July, vs. 0.3% expected
Germany’s Industrial Production declined 1.1% Month-on-Month (MoM) in July, the latest data published by Destatis showed on Monday. This figure came in below the market consensus of a 0.3% growth and slower than the previous reading of 0% (revised from 0.2%).
Mon, Sep 7
USD/JPY Price Forecast: Fresh downside leg expected below 155.00
The Japanese Yen (JPY) trades flat against the US Dollar (USD) at around 156.00 at the start of the week, but is close to its four-month low of 155.23.
Mon, Sep 7
Asian stocks trade mixed with a positive bias as KOSPI leads gains
Asian stocks were mixed with a positive bias on Monday, driven by optimism that a new OpenAI model will spur demand for memory chips. This momentum followed Friday's rally among US semiconductor and memory stocks as broader sentiment toward the sector improved.
Mon, Sep 7
Indian Rupee opens positively at the start of the week
The Indian Rupee (INR) opens higher against the US Dollar (USD) at the start of the week.
Mon, Sep 7
WTI Price Forecast: Bulls retain control above $90.50, near July high amid Iran tensions
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – kicks off the new week on a positive note amid escalating US-Iran confrontations in the Strait of Hormuz and climbs back above mid-$90.00s during the Asian session.
Mon, Sep 7
Canadian Dollar steadies as robust US jobs data counter rising oil prices
The USD/CAD pair trades on a flat note near 1.3835 during the early European session on Monday. The pair steadies as stronger-than-expected US jobs data offsets rising crude oil prices. US markets will be closed on Monday for Labour Day.
Mon, Sep 7
Hyperliquid Price Forecast: Downside risk looms as momentum stretches thin
Hyperliquid (HYPE) price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds (ETFs) recorded their fifth consecutive weekly inflows, projecting steady institutional demand.
Mon, Sep 7
Japan Leading Economic Index came in at 117.9 below forecasts (118.1) in July
Mon, Sep 7
