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British Pound: Range trading outlook against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley discusses the British Pound's (GBP) recent performance, noting it is currently the top G10 currency on a 1‑day view but only middling over longer horizons.
Tue, Aug 25
US ADP Employment Change 4-week average increases to 11.750K
Private-sector hiring in the US has gained some pace in early August. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 11.750K jobs per week in the four weeks ending August 8.
Tue, Aug 25
US Dollar: Fragmentation risks and reserve diversification – MUFG
Michael Wan at MUFG discusses US threats of economic punishment on countries dealing with Iran and new sanctions on over 60 entities.
Tue, Aug 25
Ripple Price Forecast: XRP bulls eye another breakout with $1.70 in sight
Ripple (XRP) upholds a strong bullish outlook, while consolidating near $1.50 on Tuesday. A 72% rally last week pushed the token to $1.70 before it pulled back to seek support amid possible profit-taking and an overstretched market trend.
Tue, Aug 25
GBP/JPY Price Forecast: Bulls recover lost ground as intervention effect wears off
GBP/JPY extends its steady recovery on Tuesday and has now recouped almost all the losses triggered by the joint US-Japan intervention in late July. The intervention was aimed at curbing excessive weakness in the Japanese Yen (JPY) after USD/JPY climbed above 160 to a forty-year high.
Tue, Aug 25
Canadian Dollar: Trade conflict keeps downside risks alive against US Dollar - ING
ING’s Francesco Pesole highlights escalating US-Canada trade tensions, with new US tariffs on Canadian autos and parts announced for early next year.
Tue, Aug 25
Japanese Yen under pressure as geopolitical risks support the US Dollar
USD/JPY trades around 159.30 on Tuesday at the time of writing, up 0.15% on the day.
Tue, Aug 25
Oil: Chinese demand peak shifts market balance – Commerzbank
Commerzbank’s Carsten Fritsch notes that softer-than-expected US sanctions on Iran have added to downward pressure on Oil prices despite severe disruptions to tanker traffic through the Strait of Hormuz.
Tue, Aug 25
WTI plummets to near $82 as US economic pressure on Iran seems less risky
West Texas Intermediate (WTI), futures on NYMEX, trade 3% lower at around $82.00 during the European trading session on Tuesday.
Tue, Aug 25
British Pound hovers near six-month highs with investors awaiting key US events
The British Pound (GBP) remains practically flat for the second consecutive day against the US Dollar (USD), with markets on a “wait-and-see” stance, awaiting key US Inflation data on Wednesday and the Jackson Hole central bankers’ summit on Friday.
Tue, Aug 25
Australian Dollar: Strength intact with 0.7200 in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD has slipped into short-term consolidation between 0.7135 and 0.7170 after last week’s sharp rise, but they still regard the broader uptrend as intact.
Tue, Aug 25
Euro: Recovery against US Dollar supported by data – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports EUR/USD is firmer but still below 1.1700 as Germany’s IFO survey rises to a one-year high, echoing Eurozone PMI and ZEW improvements.
Tue, Aug 25
Polygon Price Forecast: POL extends rally as bull market discovers steady network growth
Polygon (POL) advances to a steady recovery above $0.1200 on Tuesday for the fifth consecutive day, sustaining its 45% gains from last week. The Polygon network is witnessing steady growth in transaction activity and real economic value.
Tue, Aug 25
Gold pauses near three-month high after sharp rally
Gold (XAU/USD) loses ground on Tuesday after setting a fresh three-month high of $4,697 earlier in the Asian session. Traders appear to be booking some profits following the recent rally, which has pushed the Relative Strength Index (RSI) into overbought territory.
Tue, Aug 25
US Dollar: Debasement fears meet historical skepticism – MUFG
MUFG analysts Derek Halpenny and Abdul-Ahad Lockhart note that the Dollar Index (DXY) is consolidating after a modest rebound, even as markets focus on US fiscal concerns, Treasury buybacks and perceived USD debasement.
Tue, Aug 25
Euro stands above 1.1650, supported by upbeat German macroeconomic data
The Euro (EUR) remains practically flat against the US Dollar (USD) on Tuesday, trading above 1.1650, at a relatively short distance from the three-month highs, at 1.1710 hit last week.
Tue, Aug 25
Gold Price Forecast: XAU/USD holds onto early losses near $4,630, US Yields plunge
Gold price (XAU/USD) is down 0.4% to near $4,630 during the European trading session on Tuesday. The precious metal corrects after failing to extend the rally above $4,700 earlier in the day.
Tue, Aug 25
Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains
Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.
Tue, Aug 25
British Pound: Dovish repricing points to weakness against Euro – ING
ING’s Francesco Pesole observes EUR/GBP has slipped back to the 0.8550-0.8560 area as the earlier Euro premium fades and bond market calm returns.
Tue, Aug 25
Euro advances against Japanese Yen as German business sentiment improves
EUR/JPY advances to around 185.85 on Tuesday at the time of writing, gaining 0.15% on the day.
Tue, Aug 25
