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France Business Climate in Manufacturing above forecasts (101) in August: Actual (103)
Fri, Aug 21
Equities: Mixed recovery after US selloff – Deutsche Bank
Deutsche Bank strategists note that United States (US) equities fell sharply as earlier gains in fixed income reversed, with losses across the S&P 500, Nasdaq and Magnificent Seven. Weak Walmart earnings and slower US sales growth added to concerns about consumer resilience.
Fri, Aug 21
Forex Today: US Dollar stays near multi-month lows ahead of key PMI data
Here is what you need to know on Friday, August 21:
Fri, Aug 21
Pi Network Price Forecast: Mild recovery in PI eyes key resistance breakout
Pi Network (PI) extends a mild recovery on Friday, marking its fifth consecutive day of trading in the green as risk appetite in the broader crypto market improves. The technical outlook for PI is mildly bullish, with bulls eyeing the $0.1000 breakout.
Fri, Aug 21
British Pound holds gains against a weak US Dollar despite downbeat UK Retail Sales
The British Pound (GBP) trades firm against the US Dollar (USD) on Friday, with the GBP/USD pair pushing against six-month highs in the 1.3660 area at the time of writing, on track for a 0.8% weekly rally.
Fri, Aug 21
US Dollar: Treasury twist signals structural risks – Commerzbank
Commerzbank’s Volkmar Baur notes the US Dollar remains under pressure as EUR/USD trades around 1.17 following the US Treasury’s expansion of its Liquidity Support Buyback Operations.
Fri, Aug 21
Asian stocks gain despite easing pressure on global bond yields
Asian share indices hold gains on Friday, though they remain on track for weekly losses as pressure on global bond yields eases. US Treasury yields resumed their upward trajectory following a brief reprieve triggered by Wednesday’s unexpected Treasury intervention.
Fri, Aug 21
Euro: Further upside toward 1.1725 against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang highlights EUR/USD at 1.1685 holding recent gains, with intraday trading likely between 1.1655 and 1.1715.
Fri, Aug 21
United Kingdom Retail Sales decline 0.5% MoM in July, as expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK) declined 0.5% month-over-month (MoM) in July after rising by 0.7% in June (revised from 1.0%), the latest data published by the Office for National Statistics (ONS) showed on Friday.
Fri, Aug 21
WTI steadies near $86.00 as Iran sanctions threat offsets US inventory build
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $86.00 during the early Asian trading hours on Tuesday. WTI steadies near one-month highs as traders continue to digest the Middle East developments.
Fri, Aug 21
Indian Rupee ticks lower due to elevated oil prices, recovery in US bond yields
The Indian Rupee (INR) edges down against the US Dollar (USD) in the opening session on Friday. The USD/INR ticks up to near 95.72 as elevated oil prices and a sharp recovery in United States (US) Treasury Yields have weighed on the Indian currency.
Fri, Aug 21
Pepe Price Forecast: Whale activity, retail speculation fuel fresh PEPE rally
Pepe (PEPE) maintains a steady upward bias on Friday, following two consecutive days of 11% gains. Recovery in PEPE aligns with renewed demand among large-wallet holders, commonly referred to as whales, triggering a transfer of supply from exchanges to top addresses.
Fri, Aug 21
52.9: India's HSBC Manufacturing PMI falls in August
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declined to 52.9 in August versus 53.5 prior, the latest data published by S&P Global and HSBC Bank showed on Friday.
Fri, Aug 21
Indonesian Rupiah advances despite record Current Account Deficit
USD/IDR extends its losses for the third successive day, trading around 17,760 during the Asian hours on Friday. The currency pair continues to depreciate as the Indonesian Rupiah (IDR) maintains its strength, defying a sharp widening of Indonesia’s current account deficit.
Fri, Aug 21
Solana Price Forecast: ETF inflows, improving liquidity conditions lift SOL
Solana (SOL) extends its strong weekly gains, up more than 19% so far this week, and is approaching the key 200-day EMA at $89 on Friday. This bullish price action is supported by crypto markets continuing to cheer the US Treasury’s decision to double its debt buyback operations.
Fri, Aug 21
AUD/JPY Price Forecast: Strengthens above 113.50 as bullish momentum persists above 100-day SMA
The AUD/JPY cross trades in positive territory near 113.55 during the early European session on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) despite the cooling labor market. The minutes of the Reserve Bank of Australia (RBA) meetings will be released next Tuesday.
Fri, Aug 21
Euro sits near multi-month top vs weak USD as bulls await move beyond 1.1700 ahead of PMIs
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday and climbs back closer to its highest level since May 14, set the previous day, with bulls now awaiting a move beyond the 1.1700 mark before placing fresh bets.
Fri, Aug 21
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
Fri, Aug 21
Netherlands, The Consumer Confidence Adj: -34 (August) vs -35
Fri, Aug 21
EUR/JPY Price Forecast: Rises to near 186.00 as bullish bias prevails
EUR/JPY remains stronger for the second successive day, trading around 186.00 during the Asian hours on Friday. The technical analysis of a daily chart indicates that the spot is moving higher within the ascending channel pattern, signaling a persistent bullish bias.
Fri, Aug 21
