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United States NY Empire State Manufacturing Index above expectations (11) in August: Actual (20.6)
Mon, Aug 17
Canada BoC Consumer Price Index Core (YoY): 2.3% (July) vs 2.1%
Mon, Aug 17
Canada Consumer Price Index (MoM) in line with forecasts (0.5%) in July
Mon, Aug 17
Canada BoC Consumer Price Index Core (MoM) rose from previous 0.1% to 0.2% in July
Mon, Aug 17
Ripple Price Forecast: XRP tests $1.00 key level amid mild capital inflows
Ripple (XRP) continues to trend bearish, trading at $1.00 as of Monday. The remittance token has hovered near this key support level since last week, indicating muted market catalysts for a rebound and signs of seller fatigue.
Mon, Aug 17
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
GBP/USD edges higher on Monday as fading expectations of an imminent Federal Reserve (Fed) rate hike drag the US Dollar (USD) lower and lift the British Pound (GBP) to its highest level since May 12.
Mon, Aug 17
Norwegian Krone: Further gains seen versus Euro - Rabobank
Rabobank's Senior FX Strategist Jane Foley highlights that the Norwegian Krone (NOK) is the strongest G10 currency across multiple horizons, supported by Oil prices, above-target inflation and a hawkish Norges Bank.
Mon, Aug 17
Indian Rupee: RBI move tightens liquidity – BNY
BNY’s Geoff Yu notes that India’s bonds sold off after the Reserve Bank of India (RBI) unexpectedly advanced closure of its special Dollar deposit window to end-August.
Mon, Aug 17
Japan: BoJ path questioned on weak demand – Societe Generale
Societe Generale economists Reo Sakida and Jin Kenzaki say Japan’s 2Q GDP data were weaker than expected, with consumption and capex both disappointing.
Mon, Aug 17
EUR/JPY Price Forecast: Bulls eye 185.00 resistance area
The Euro (EUR) crawls higher for the third consecutive day on Monday, against a weak Yen (JPY), weighed down by downbeat Japanese Gross Domestic Product (GDP) figures.
Mon, Aug 17
Economists agree: Fed to leave interest rates unchanged this year – Reuters poll
A large majority of economists expect the Federal Reserve (Fed) to keep interest rates unchanged in September and for the rest of this year, according to a Reuters poll conducted between August 12 and 17.
Mon, Aug 17
Zcash Price Forecast: ZEC extends gains amid rising retail strength, Ironwood pool adoption
Zcash (ZEC) is up 5% on Monday, erasing the 4% losses from the previous week. The privacy coin gains retail strength amid rising user adoption, with Open Interest up 6% in 24 hours as Ironwood pool shielded volume crosses 3 million ZEC tokens.
Mon, Aug 17
Japanese Yen: Intervention risk near 160 highlighted – DBS
Philip Wee of DBS Group Research notes that markets still focus on Japan’s struggle to support the Japanese Yen, while underplaying broader USD implications.
Mon, Aug 17
Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar
Gold (XAU/USD) struggles to build on its intraday advance on Monday but holds modest gains as the US Dollar (USD) remains under selling pressure amid fading expectations that the Federal Reserve (Fed) will raise interest rates at its September meeting.
Mon, Aug 17
Canadian Dollar gains ground with inflation data set to test BoC outlook
USD/CAD trades around 1.3860 on Monday at the time of writing, down 0.11% on the day. The pair extends its decline as the US Dollar (USD) remains under pressure against the Canadian Dollar (CAD), with investors scaling back expectations of further monetary tightening by the Federal Reserve (Fed).
Mon, Aug 17
China: Growth risks rise into H2 – Commerzbank
Commerzbank’s Dr. Henry Hao highlights that China’s July activity data undershot expectations across industrial output, retail sales and fixed-asset investment, reflecting weather disruptions and a deepening property slump.
Mon, Aug 17
Copper: Record highs on tightening supply – ING
ING’s Ewa Manthey and Warren Patterson report that LME copper has surged to a record high above $14,000/t, with a sharply backwardated cash/3M spread underscoring near-term tightness.
Mon, Aug 17
Bitcoin Price Forecast: BTC range trade hints at looming volatility burst, analysts say
Bitcoin (BTC) trades slightly higher around $63,500 on Monday, following a slight correction the previous week, supported by improving risk sentiment and despite mild outflows from institutional demand.
Mon, Aug 17
Crypto Today: Bitcoin, Ethereum, XRP edge higher despite returning ETF outflows
The crypto market is broadly consolidating on Monday, with Bitcoin (BTC) holding above $63,000, Ethereum (ETH) approaching $1,900 and Ripple (XRP) sitting on top of the critical $1.00 support level.
Mon, Aug 17
Yen retreats below 159.00 against the US Dollar as Japanese GDP slows down
The Japanese Yen holds marginal gains against the US Dollar (USD) on Wednesday, although the USD/JPY pair has returned to levels above 159.00 during the European session, after hitting daily lows around 158.85.
Mon, Aug 17
