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Asian stock markets face slight pressure renewed geopolitical risks, hawkish Fed bets
Asian equity markets remain under pressure at the start of the week, as risk sentiment turns sour due to renewed tensions in the Middle East and a sharp increase in Federal Reserve (Fed) interest rate hike expectations.
Mon, Aug 31
Brent: Hormuz tensions keep prices supported above $90 - ING
ING analysts Warren Patterson and Ewa Manthey note that oil prices, including ICE Brent, started the week stronger after US strikes on Iran raised concerns over Persian Gulf supply.
Mon, Aug 31
British Pound: Downside risks with 1.3480 in sight against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that GBP/USD fell sharply to 1.3527 and closed at 1.3540, contradicting expectations for range trading. Intraday, they see limited further losses within 1.3520–1.3570 due to oversold conditions.
Mon, Aug 31
British Pound holds losses amid geopolitical tensions, Fed tightening hopes
The British Pound (GBP) edges up on Monday but remains close to two-week lows against the US Dollar (USD).
Mon, Aug 31
Euro: Warsh speech weighs on EUR against US Dollar – Danske Bank
Danske Research Team notes that Federal Reserve (Fed) Chair Kevin Warsh’s hawkish Jackson Hole speech pushed EUR/USD lower, with markets now pricing September as nearly a coin-flip for a rate hike.
Mon, Aug 31
Euro falls against Japanese Yen ahead of German inflation data
The Euro (EUR) is down 0.1% to near 185.20 against the Japanese Yen (JPY) during the European trading session on Monday. The cross faces pressure as the Japanese Yen (JPY) outperforms its peers amid fears that the Bak of Japan (BoJ) will raise interest rates in the September policy meeting.
Mon, Aug 31
South Africa Private Sector Credit declined to 7.41% in July from previous 7.8%
Mon, Aug 31
South Africa M3 Money Supply (YoY) dipped from previous 9.31% to 8.57% in July
Mon, Aug 31
Denmark Unemployment Rate remains unchanged at 2.7% in July
Mon, Aug 31
EUR/USD Price Forecast: Gains ground to near 1.1600, bullish vibe prevails above 100-day SMA
The EUR/USD pair trades in positive territory around 1.1590 during the early European trading hours on Monday. However, the potential upside for the major pair might be limited as traders ramped up bets on a rate hike after hawkish remarks by Federal Reserve (Fed) Chair Kevin Warsh.
Mon, Aug 31
Dogecoin Price Forecast: DOGE whales take profits as rally loses momentum
Dogecoin (DOGE) trades near key support around $0.081 on Monday after declining more than 12% last week. On-chain data suggests some whale wallets are taking profits after DOGE’s recent surge.
Mon, Aug 31
USD/JPY Price Forecast: Retreats from one-month top as bullish bias remains below 160.00
The USD/JPY pair retreats from the 160.20 area, or a one-month high retested earlier this Monday, and, for now, seems to have snapped a five-day winning streak. Spot prices slide to the 159.80-159.75 region during the Asian session, though the downside potential seems limited.
Mon, Aug 31
Iran’s IRGC says will respond decisively to any further hostile military aggression
Iran’s Islamic Revolutionary Guard Corps (IRGC) on Monday that its aerospace forces carried out retaliatory drone and ballistic missile strikes against US targets at two air bases in Jordan earlier in the day, Reuters reported.
Mon, Aug 31
Indian Rupee opens lower as renewed US-Iran tensions lift oil prices
The Indian Rupee (INR) opens slightly lower against the US Dollar (USD) at the start of the week. The USD/INR pair ticks up to near 95.43, as higher oil prices due to renewed tensions between the United States (US) and Iran have weighed on the Indian currency.
Mon, Aug 31
Japan Annualized Housing Starts dipped from previous 0.786M to 0.774M in July
Mon, Aug 31
WTI rises to near $84.50 as IRGC claims supertanker struck by mines in Hormuz
West Texas Intermediate (WTI) rebounds and continues its intraday gains, trading around $84.40 per barrel during the Asian hours on Monday.
Mon, Aug 31
AUD/USD Price Forecast: Holds above 0.7150 on soft USD; Fed/Iran risks curb upside
The AUD/USD pair attracts some buyers in the vicinity of mid-0.7100s at the start of a new week, stalling Friday's retracement slide from its highest level since mid-May. Spot prices, however, lack bullish conviction and remain below the 0.7200 mark through the Asian session.
Mon, Aug 31
Solana Price Forecast: Strong institutional confidence keeps SOL afloat above $100
Solana (SOL) price is trading around $100 on Monday, testing the psychological support level after a 3% decline the previous day. SOL-focused Exchange Traded Funds (ETFs) recorded over $150 million in inflows last week, reflecting strong institutional demand.
Mon, Aug 31
Gold drops to nearly two-week low as hawkish Fed bets rise amid oil-driven inflation fears
Gold (XAU/USD) attracts fresh sellers following an intraday uptick to the $4,472 region and drops to a one-and-a-half-week low during the Asian session on Monday.
Mon, Aug 31
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Monday, according to data compiled by FXStreet.
Mon, Aug 31
