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Trump, Carney hold last-minute talks ahead of new 50% tariffs on Canadian goods
US President Donald Trump and Canadian Prime Minister Mark Carney are negotiating in an effort to reach an agreement on tariffs, with just hours to go before the United States (US) imposes 50% tariffs on hockey sticks, wine and an array of other Canadian imports, CNBC reported on Tuesday.
Tue, Aug 18
Gold steadies below $4,350 as surging yields offset support from Fed rate-hold bets
Gold price (XAU/USD) holds steady near $4,335 after pulling back from an early-June top near $4,450 during the early Asian trading hours on Wednesday. The precious metal faced some selling pressure in the previous session as Treasury yields surged to their highest levels in decades.
Tue, Aug 18
EUR/JPY Price Forecast: SMAs confluence blocks bulls near 185.00
The EUR/JPY registers two consecutive days of gains, but on Tuesday, buyers failed to gain traction as they faced a confluence of key resistance levels near the 184.70 area. The cross-pair is poised to end the day unchanged, near its opening price of 184.69.
Tue, Aug 18
The Japanese Yen gives back half a record intervention
The Dollar trades near 159.50 against the Yen on Tuesday after a session high just short of 160.00, the strongest level the pair has reached since Tokyo and Washington intervened together at the end of July.
Tue, Aug 18
GBP/JPY Price Forecast: Bulls stall near 216.00 as RSI flattens
The GBP/JPY consolidates at familiar levels on Tuesday, virtually unchanged near 216.00, with the cross-pair seesawing within the 215.85-216.22 range, as neither buyers nor sellers are able to clear key resistance/support levels during the day.
Tue, Aug 18
British Pound Sterling's three-month high was made in America
The British Pound trades just short of 1.3550 against the Dollar on Tuesday, holding inside Monday's range after a peak short of 1.3600 carried it to its strongest level since early May. That leaves close to 300 pips of recovery from the base just short of 1.3300 built in the first week of August.
Tue, Aug 18
New Zealand Dollar holds steady amid a firm US Dollar
NZD/USD hovers around the 0.5870 zone at the time of writing on Tuesday, marginally lower on the day. The pair is treading water as a firm US Dollar (USD) and a cautious market mood keep the New Zealand Dollar (NZD) on the back foot.
Tue, Aug 18
US President Trump says no Iran talks; naval blockade remains
The US President Donald Trump posted on his social network that “there are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating.
Tue, Aug 18
Mexican Peso dips on Middle East tensions, eyes on FOMC minutes
The Mexican Peso loses some ground on Tuesday, depreciating by about 0.16% against the US Dollar as investors await the release of the Federal Reserve’s last meeting minutes, with a resolution of the US-Iran conflict remaining unlikely.
Tue, Aug 18
Chinese Yuan: Sideways range holds against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH has been trading quietly, with intraday ranges clustered around current levels.
Tue, Aug 18
Bitcoin volatility falls below Nasdaq as market activity hits multi-year low
Bitcoin’s (BTC) 30-day volatility has fallen below that of the Nasdaq for only the fifth time on record, as subdued trading activity and declining volumes point to an unusually quiet period, according to a Tuesday report from K33.
Tue, Aug 18
United States API Weekly Crude Oil Stock declined to -0.328M in August 14 from previous 9.072M
Tue, Aug 18
South Korean Won: Bearish Won view with 1,400 support – TD Securities
TD Securities turns bearish on the Korean Won, arguing USD/KRW is likely to find support around 1,400 as prior KRW strength fades.
Tue, Aug 18
Forex Today: US Dollar firms on Hormuz jitters ahead of UK CPI and FOMC Minutes
The US Dollar Index (DXY) held a firm tone near the 99.60s on Tuesday, keeping a mild safe-haven bid as tensions around the Strait of Hormuz stayed front and center. Gold and Oil both sold off, and most major currencies drifted lower against the Greenback.
Tue, Aug 18
Singapore Dollar: Upside risk stays in focus against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD rebounded after a sharper-than-expected drop to 1.2752, easing immediate downside pressure and pointing to intraday consolidation between 1.2760 and 1.2795.
Tue, Aug 18
USD/CHF Price Forecast: Flag support rebound keeps bulls alive
The USD/CHF recovers some ground after testing the 50-day Simple Moving Average (SMA) of 0.7866 along with the bottom trendline of the ‘bearish flag’, which so far contained price action amid the lack of conviction of buyers and sellers, regarding the trend’s direction.
Tue, Aug 18
Chinese Yuan: Gradual appreciation view – MUFG
MUFG analysts Lin Li and Khang Sek Lee note that July data point to weaker Chinese growth and a widening divergence between the "new" and "traditional" economy.
Tue, Aug 18
Singapore Dollar: Strong exports underpin SGD – Commerzbank
Commerzbank’s Singapore-focused FX research highlights robust non-oil domestic exports driven by electronics and AI-related demand, with NODX growth already above the government’s upgraded full-year forecast.
Tue, Aug 18
Economists agree: BoE will hold rates through year-end – Reuters poll
The Bank of England (BoE) will keep interest rates unchanged for the rest of the year, according to a Reuters poll conducted between August 13 and 18.
Tue, Aug 18
Japanese Yen drifts lower as Greenback retains safe-haven bid
USD/JPY holds modest gains near the 159.60s on Tuesday, edging higher on the day. The pair has clawed back ground after a recent sharp pullback and is grinding back toward the upper end of its recent range.
Tue, Aug 18
