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Japanese Yen: BoJ repricing supports gains against US Dollar – MUFG
MUFG’s Derek Halpenny highlights renewed Japanese Yen strength as markets price in more Bank of Japan hikes following recent comments from Takata and Ueda.
Thu, Sep 3
Brent: Updated price paths as Persian Gulf flows shift – ING
ING’s Warren Patterson revises Oil forecasts higher, highlighting tight Brent and refined product markets as Persian Gulf exports remain around half of pre-war levels.
Thu, Sep 3
Swiss Franc strengthens on inflation surprise and broad US Dollar weakness
USD/CHF comes under selling pressure on Thursday as a sharp rally in the Japanese Yen (JPY) weighs broadly on the US Dollar (USD), while the Swiss Franc (CHF) draws support from stronger-than-expected inflation and growth data.
Thu, Sep 3
Fed's Waller: Inclined to support policy hold if August inflation data shows progress
While speaking at the Reuters NEXT Newsmaker event in Washington, Federal Reserve Governor Christopher Waller said on Thursday that if August Consumer Price Index data confirms inflation pressures are cooling off, he is inclined to support holding the policy rate steady at the September policy meeti
Thu, Sep 3
Australian Dollar climbs as softer US labor data weighs on US Dollar
AUD/USD advances on Thursday, trading around 0.7215 at the time of writing, up 0.45% on the day.
Thu, Sep 3
Canadian Dollar: Testing support after BoC hold – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad observes USD/CAD is testing key support at 1.3800, where a break could open further downside. The Bank of Canada (BoC) delivered a hawkish hold, keeping rates at 2.25% but warning about increased upside inflation risks.
Thu, Sep 3
European Central Bank: September hike with cautious path – TD Securities
TD Securities’ macro team, including Pooja Kumra, expects the ECB to raise the deposit rate by 25bp to 2.50% in September. They see limited forward guidance, with the Governing Council reiterating its data-dependent, meeting-by-meeting approach.
Thu, Sep 3
US Initial Jobless Claims increased to 206K last week
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance rose to 206K for the week ending August 29.
Thu, Sep 3
Ripple Price Forecast: XRP rises as 200-day EMA support holds
Ripple (XRP) bulls are attempting a recovery above $1.36 at the time of writing on Thursday, underpinning a strong moving average support cluster.
Thu, Sep 3
Euro: ECB succession and data support resilience – BNY
BNY’s Geoff Yu notes that Eurozone assets remain supported by steady composite PMI readings and improving signs in German demand, while speculation over ECB leadership succession grows.
Thu, Sep 3
Pound Sterling falls to one-month low against surging Japanese Yen
GBP/JPY extends its steep decline on Thursday as the Japanese Yen (JPY) strengthens sharply across the board for the second consecutive day. The cross fell 1.13% on Wednesday and is down around 1.60% at the time of writing, trading near 210.60, its lowest level in a month.
Thu, Sep 3
Japanese Yen: BoJ meeting to decide JPY path – Commerzbank
Commerzbank’s Michael Pfister highlights renewed weakness in the Japanese Yen as USD/JPY repeatedly breaks above 160 despite record FX interventions.
Thu, Sep 3
EUR/USD Price Forecast: 20-day EMA acts as key support level
The Euro (EUR) is up 0.2% to near 1.1610 against the US Dollar (USD) during the European trading session on Thursday.
Thu, Sep 3
What is keeping the US Dollar supported as front-end rates and ISM expectations point higher?
The US Dollar (USD), as measured by the US Dollar Index (DXY), is showing signs of floor-building following a volatile month, as the heavy hedging pressure triggered by a dovish reading of the July Federal Open Market Committee (FOMC) meeting subsides.
Thu, Sep 3
Federal Reserve: September hike bias shifts – ING
ING’s James Knightley argues Kevin Warsh’s Jackson Hole speech has shifted the Federal Reserve’s reaction function toward a September rate hike, even though ING’s macro projections suggest the Fed could wait.
Thu, Sep 3
Economists agree: ECB to hike rates on September 10 – Reuters poll
According to the latest Reuters poll, the 65 economists surveyed have favored that the European Central Bank (ECB) will raise the deposit rate by 25 basis points (bps) to 2.50%.
Thu, Sep 3
WTI Oil hits highs near $91 as risks of an all-out war in the Middle East grow
Crude prices resumed their upside trend on Thursday after some hesitation on Wednesday, with the US benchmark West Texas Intermediate reaching session highs a few cents below $91.00 per barrel, almost 10% up on the week so far.
Thu, Sep 3
US Dollar: Near-term stabilization view – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is softer mainly against the Japanese Yen and Swiss Franc, with Brent Oil nearing $100.
Thu, Sep 3
Bitcoin Price Forecast: BTC steadies as markets turn cautious ahead of key economic data
Bitcoin (BTC) steadies around $77,700 on Thursday, trading sideways after its sharp rally during the second half of August. Institutional demand supports this range-bound price action, with spot Exchange Traded Funds (ETFs) recording mixed flows so far this week.
Thu, Sep 3
Gold climbs as Yen-led US Dollar decline outweighs hawkish Fed expectations
Gold (XAU/USD) extends its rebound on Thursday after slipping below $4,300 to a nearly four-week low on the previous day. A sharp rally in the Japanese Yen (JPY) weighs on the US Dollar (USD), helping the precious metal regain ground.
Thu, Sep 3
