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Gold pulls back from $4,700 as Hormuz hopes cool haven demand
Gold price holds firm during the North American session as buyers fail to surpass the $4,700 level, exacerbating a retracement below a key psychological level, amid mixed US data and rising hopes for an end to the US-Iran conflict. XAU/USD traded at $4,641, down 0.2%.
Tue, Aug 25
USD/CAD Price Forecast: Bearish indicators keep the path tilted lower
USD/CAD edges lower on Tuesday, with the Canadian Dollar (CAD) drawing support from a weaker US Dollar (USD) as traders also assess the latest tit-for-tat tariff measures between the United States (US) and Canada.
Tue, Aug 25
Euro remains flat with Sterling despite upbeat German data
EUR/GBP traded around 0.8560 on Tuesday, little changed, as a run of stronger German data failed to give the Euro (EUR) a clear lift against a resilient Pound. The pair remains pinned near its 20 and 100-period Simple Moving Averages (SMA), with neither side able to force a break.
Tue, Aug 25
Japanese Yen remains vulnerable despite softer Greenback
USD/JPY extends its sideways movement below the 160.00 mark on Tuesday, holding modest gains despite a softer US Dollar (USD). The weaker Greenback has failed to lift the Japanese Yen (JPY), which is underperforming its major peers. At the time of writing, the pair trades around 159.25.
Tue, Aug 25
United States 2-Year Note Auction dipped from previous 4.315% to 4.204%
Tue, Aug 25
Germany: Political risks cloud reform outlook – ING
ING’s Carsten Brzeski highlights how upcoming state elections in Saxony-Anhalt, Mecklenburg-Vorpommern and Berlin could reshape German politics and indirectly affect the economy.
Tue, Aug 25
Mexico: Alignment for certainty in USMCA – Societe Generale
Societe Generale’s Dev Ashish argues that Mexico could benefit from tensions between the US and Canada, but warns that uncertainty around USMCA may limit the upside.
Tue, Aug 25
Dow Jones Industrial Average round-trips between Ottawa and the Treasury
The Dow Jones Industrial Average has built a 300-point advance and handed every point of it back inside a single vertical break, and it trades just beneath 53,500 for a gain of roughly a tenth of a percent. The session range runs better than 320 points against a net of 67.
Tue, Aug 25
United Kingdom: Resilient growth versus fiscal strain – Rabobank
Rabobank's Senior FX Strategist Jane Foley highlights that recent UK data, including Q2 Gross Domestic Product (GDP), real output per head and the August composite Purchasing Managers' Index (PMI), point to resilient growth and improved consumer confidence.
Tue, Aug 25
Canadian Dollar faces double trouble from Oil slump, US tariffs
USD/CAD trades around 1.3835 on Tuesday at the time of writing, down a modest 0.07% on the day. The pair lacks a clear direction as both the US Dollar (USD) and the Canadian Dollar (CAD) face headwinds.
Tue, Aug 25
BNB Price Forecast: BNB rally stalls as Pasteur hardfork launches on BSC mainnet
BNB (BNB) shows subtle weakness, sliding below $700 on Tuesday. Last week's broader crypto rally propelled BNB to $725 from support around $600.
Tue, Aug 25
Germany: Business climate brightens – Commerzbank
Commerzbank’s Dr. Ralph Solveen notes that the German Ifo Business Climate Index rose from 86.7 to 88.8 in August, with both current conditions and expectations improving. He highlights stronger foreign demand, rising government spending and better sentiment as factors supporting growth.
Tue, Aug 25
British Pound holds near six-month high as Hormuz hopes lift sentiment
The Pound Sterling consolidates near a six-month high of 1.3675 as Middle East headlines improve risk appetite, while investors await the release of crucial US economic data and the speech by Federal Reserve Chair Kevin Warsh at Jackson Hole. The GBP/USD trades at 1.3638, virtually unchanged.
Tue, Aug 25
Eurozone: AfD surge raises policy uncertainty – ING
Carsten Brzeski of ING underscores that the AfD’s rise to Germany’s largest party in polls introduces significant uncertainty for Eurozone policy.
Tue, Aug 25
Australian Dollar steadies after hawkish RBA Minutes as soft US Dollar lends support
AUD/USD steadies around the mid 0.7100s at the time of writing on Tuesday, clawing back most of the previous day's modest losses.
Tue, Aug 25
British Pound: Range-bound against US Dollar ahead of Budget – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight GBP/USD consolidating in a tight mid-1.36 range as a quiet data and Bank of England (BoE) calendar contrasts with softer yield spreads, which have eroded some fundamental support.
Tue, Aug 25
US President Trump: US Navy has cleared Strait of Hormuz mines
United States (US) President Donald Trump said the US Navy has cleared the Strait of Hormuz of mines, removing one of the supply risks that has kept the Oil market on edge.
Tue, Aug 25
Canada: Investment risk and USMCA reliability – Societe Generale
Dev Ashish at Societe Generale highlights that the Trump administration’s threatened 50% tariff on Canadian vehicles and parts signals a broader push to redirect manufacturing investment to the US, challenging USMCA reliability.
Tue, Aug 25
WTI slides as traders shrug off US sanctions on Iran, Hormuz risks persist
West Texas Intermediate (WTI) Oil edges lower on Tuesday, extending its decline for a second straight day as traders look past Washington’s latest economic pressure on Iran.
Tue, Aug 25
Mexican Peso: Carry appeal faces crowding risk – MUFG
MUFG analysts Derek Halpenny and Abdul-Ahad Lockhart state that the Mexican Peso continues to benefit from low FX volatility and strong carry demand, with USD/MXN breaking below 17.00 for the first time since June 2024.
Tue, Aug 25
