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Oil: Elevated prices face fragile support – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil prices, including ICE Brent above US$95/bbl, remain supported by heightened US-Iran tensions and robust Iraqi exports routed via the Strait of Hormuz.
Fri, Sep 4
New Zealand Dollar advances as US Dollar struggles on softening hawkish expectations
NZD/USD gains ground for the second successive day, trading around 0.5900 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) struggles amid softening hawkish expectations surrounding the Federal Reserve's (Fed) monetary policy path.
Fri, Sep 4
Forex Today: US Dollar retreats on easing Fed rate hike bets, focus shifts to NFP
Here is what you need to know on Friday, September 4:
Fri, Sep 4
Japanese Yen: Policy signals support JPY against US Dollar - Commerzbank
Commerzbank’s Thu Lan Nguyen argues that recent interventions by Japanese authorities and the US Treasury have largely lost impact, with the Japanese Yen giving back gains against the Dollar and US yields returning to prior levels.
Fri, Sep 4
USD/CAD Price Forecast: 100-day EMA remains key hurdle
The Canadian Dollar (CAD) trades broadly sideways against the US Dollar (USD) at around 1.3790 on Friday after a strong Thursday, with investors awaiting the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.
Fri, Sep 4
Australian Dollar edges higher above 0.7200 on rising RBA hike bets, eyes on US NFP data
The AUD/USD pair gathers strength to near 0.7210 during the early European session on Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) following Federal Reserve (Fed) Governor Christopher Waller’s remarks.
Fri, Sep 4
Euro stalls above 1.1600 with Eurozone Retail Sales, US Nonfarm Payrolls on tap
The Euro (EUR) is trading flat above 1.1600 against the US Dollar (USD) on Friday, with upside attempts capped below the 1.1630 area.
Fri, Sep 4
Uniswap purchases rival PONS token for long-term alignment as both coins rally
Uniswap (UNI) has purchased Pons (PONS) tokens in an undisclosed deal on Friday, citing long-term alignment with the memecoin launchpad token and its rival on the Robinhood chain.
Fri, Sep 4
Indonesian Rupiah declines as US Dollar gains despite easing Fed rate hike odds
USD/IDR gains ground after two days of losses, trading around 17,670 during the Asian hours on Friday. The currency pair is pushing higher as the US Dollar (USD) holds onto its recent gains after rebounding from intraday losses.
Fri, Sep 4
British Pound strengthens above 1.3500 as BoE stays hawkish, traders brace for US NFP data
The GBP/USD pair edges higher to around 1.3530 during the early European trading hours on Friday. Hawkish rhetoric from a Bank of England (BoE) policymaker provides some support to the British Pound (GBP) against the US Dollar (USD).
Fri, Sep 4
Indian Rupee trades close to two-month low ahead of US NFP data
The Indian Rupee (INR) opens on a flat note against the US Dollar (USD) on Friday, but is close to its two-month high of 94.29 posted the previous day.
Fri, Sep 4
Cardano Price Forecast: Extends gains as whale accumulation and derivatives positioning fuel bullish bias
Cardano (ADA) extends its gains, trading above $0.224 on Friday, after retesting and finding support around a key support zone earlier this week.
Fri, Sep 4
Japanese Yen retreats from August highs as USD bears turn cautious ahead of US NFP
The USD/JPY pair stages a modest intraday recovery from the vicinity of the August monthly low and climbs back to the 156.50 area during the Asian session on Friday. Spot prices, for now, seem to have snapped a two-day losing streak, though the upside potential seems limited.
Fri, Sep 4
Swiss Franc weakens ahead of Unemployment Rate data
USD/CHF gains ground after registering losses in the previous day, trading around 0.8080 during Asian hours on Friday.
Fri, Sep 4
WTI Price Forecast: Bulls await acceptance above $90.00 and 61.8% Fibo. amid Iran risks
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades below the $90.00 mark during the Asian session on Friday and remains close to its highest level since July 24, touched earlier this week.
Fri, Sep 4
AUD/JPY Price Forecast: Rebounds above 112.50, while staying constrained below 100-day SMA
The AUD/JPY cross trades in positive territory near 112.80 during the early European trading hours on Friday. However, the potential upside for the cross might be limited as traders ramped up bets on a Bank of Japan (BoJ) interest rate hike, boosting the Japanese Yen (JPY).
Fri, Sep 4
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Fri, Sep 4
Gold consolidates below $4,500 as bulls look to US NFP for Fed rate cues
Gold (XAU/USD) struggles to capitalize on its strong gains registered over the past two days and consolidates below the $4,500 mark during the Asian session on Friday.
Fri, Sep 4
Crypto Overview: Bitcoin clears $80,000 on reduced rate hike odds – Zcash, Ethena rise
Bitcoin (BTC) is trading above $80,000 on Friday, sustaining the broader cryptocurrency market's risk-on sentiment. Federal Reserve (Fed) Governor Christopher Waller signaled support for a potential pause in interest rates on Thursday, lowering the odds of a September rate hike to 50%.
Fri, Sep 4
EUR/JPY Price Forecast: Trades near 181.50 after rebounding from descending channel bottom
EUR/JPY gains ground after two days of losses, trading around 181.50 during the Asian hours on Friday. Technical analysis of the daily chart indicates the currency cross remains within the descending channel pattern, signalling a bearish bias.
Fri, Sep 4
