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Gold Price Forecast: XAU/USD pushes higher, but overbought RSI warns bulls
Gold (XAU/USD) maintains a bullish bias on Monday and trades near its highest levels since mid-May.
Mon, Aug 24
New Zealand Dollar edges down from highs amid soft retail consumption data
The New Zealand Dollar ticks down against the US Dollar on Monday, weighed by an unexpected decline in New Zealand’s Retail Sales in the second quarter of the year.
Mon, Aug 24
US Dollar: Event-driven risks shape debasement narrative – MUFG
MUFG’s Derek Halpenny notes the US Dollar is broadly stable as investors focus on US Treasury actions to contain long-term yields and renewed talk of Dollar debasement.
Mon, Aug 24
Euro steadies against Japanese Yen as markets weigh ECB, BoJ rate hikes
EUR/JPY trades around 185.70 on Monday at the time of writing, virtually unchanged on the day.
Mon, Aug 24
Australian Dollar: Momentum builds toward 0.7200 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight AUD/USD’s sharp rally to 0.7180 and close near 0.7170, noting the move looks stretched but still lacks signs of a pause.
Mon, Aug 24
Canadian Dollar: Trade tensions threaten recovery against US Dollar - OCBC
OCBC’s Sim Moh Siong and Christopher Wong warn that renewed US-Canada trade tensions could undermine the Canadian Dollar’s (CAD) recent recovery.
Mon, Aug 24
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $68.80 per troy ounce, down 0.25% from the $68.98 it cost on Friday.
Mon, Aug 24
Polish Zloty: Budget risks point to further weakness versus Euro - Societe Generale
Societe Generale says Poland’s elevated fiscal deficit and rapidly rising public debt could keep pressure on the zloty, with the draft 2027 budget set to provide the next key test for investor appetite.
Mon, Aug 24
Hungarian Forint: Rate path extends beyond summer – ING
ING strategists see Tuesday’s National Bank of Hungary (NBH) decision as the final step in a summer mini rate-cut cycle, but expect easing to continue.
Mon, Aug 24
Euro holds near three-month highs as investors await US sanctions to Iran
The Euro (EUR) nurses minor losses against the US Dollar (USD) on Monday but holds most of the gains taken last week.
Mon, Aug 24
Japanese Yen weakens against recovering USD; seems vulnerable amid US-Japan rate gap
The USD/JPY pair rallies over 75 pips following an intraday slide to mid-158.00s and climbs to a fresh daily high during the first half of the European session on Monday.
Mon, Aug 24
US Dollar: Warsh speech shapes Dollar and Treasuries – BNY
BNY’s Geoff Yu highlights that markets will focus on Kevin Warsh’s first Jackson Hole appearance, with July PCE data seen as a precursor for U.S. rates and Dollar moves.
Mon, Aug 24
Dow Jones futures slip as US Treasury pledges buybacks, Middle East tensions persist
Dow Jones futures remain subdued around 53,350 during European hours on Monday. Meanwhile, S&P 500 futures decline by 0.17%, to trade near 7,680, and Nasdaq 100 futures fall by 0.65% to trade around 29,200.
Mon, Aug 24
Japanese Yen: Slightly bullish within broad range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann describe USD/JPY price action as lacking fresh clues after swings between 158.33 and 159.13, leaving intraday trade likely confined to 158.55–159.30.
Mon, Aug 24
Gold: Debasement narrative lifts prices – TD Securities
TD Securities’ Bart Melek notes that Gold has rallied sharply as recent U.S. Dollar weakness and concerns over Fed credibility and Treasury bond-market intervention drive fresh long positioning.
Mon, Aug 24
Bitcoin Price Forecast: BTC stalls as profit-taking starts
Bitcoin (BTC) takes a breather, trading around $77,000 on Monday, following a massive rally of over 23% last week, marking its strongest weekly gain since mid-March 2023.
Mon, Aug 24
Oil: Sanctions risk keeps market tense – Danske Bank
Danske Research Team highlights renewed geopolitical tension around Iran as Washington prepares tougher sanctions that could hit Oil flows from the Gulf.
Mon, Aug 24
EUR/GBP Price Forecast: Bears remain in control with 0.8550 support area on focus
The Euro (EUR) extends losses as the British Pound (GBP) seems to be coping better with the moderate risk-off mood amid growing tensions between the US and Iran, as Washington pledged an “economic D-Day” on the Islamic Republic.
Mon, Aug 24
Turkish Lira: Policy normalisation supports carry appeal – ING
ING’s Chris Turner notes the Central Bank of the Republic of Türkiye (CBRT) has restarted one-week repo operations, shifting funding back to the 37% policy rate from the 40% overnight lending rate after a prior effective 300bp hike.
Mon, Aug 24
British Pound refreshes monthly high; looks to extend rally above 217.00 vs weak Yen
The GBP/JPY cross attracts some dip-buyers near the 216.20 area and touches a fresh monthly high during the early part of the European session on Monday. Spot prices currently trade just above the 217.00 mark and seem poised to appreciate further amid a broadly weaker Japanese Yen (JPY).
Mon, Aug 24
