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New Zealand Dollar gains on hawkish RBNZ policy outlook
NZD/USD gains ground after four days of losses, trading around 0.5870 during the early European hours on Friday. The pair appreciates as the New Zealand Dollar (NZD) receives support from traders continuing to price in a Reserve Bank of New Zealand (RBNZ) rate hike next month.
Fri, Aug 14
British Pound edges down against Japanese Yen on hawkish BoJ bets
The British Pound (GBP) faces mild selling pressure against the Japanese Yen (JPY) during the European trading session on Friday.
Fri, Aug 14
Japanese Yen: Recovery needs faster BoJ normalisation – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note that September Bank of Japan (BoJ) hike expectations have risen sharply, but the Japanese Yen (JPY) has reacted only modestly.
Fri, Aug 14
Forex Today: Easing Fed rate hike bets weigh on USD amid Mideast stalemate
Here is what you need to know on Friday, August 14:
Fri, Aug 14
US Dollar: Labor slowdown gives mixed signals for Dollar - Commerzbank
Commerzbank’s Volkmar Baur and Tatha Ghose highlight that despite a “low-hire, low-fire” US labor market, the Dollar remains supported. Initial jobless claims and unemployment stay very low, while wage growth shows only tentative signs of slowing.
Fri, Aug 14
Euro edges up against British Pound but remains within recent ranges
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, holding moderate gains after bouncing from three-week lows on Thursday. The EUR/GBP pair, however, is struggling to find significant acceptance above 0.8550, and remains on track for a 0.2% weekly loss.
Fri, Aug 14
Euro: Higher intraday band within broader range against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD is consolidating after a brief spike, with the pair expected to trade intraday in a slightly higher 1.1515–1.1550 range as the underlying tone firms.
Fri, Aug 14
BoJ set to hike rates as soon as September
The Bank of Japan (BoJ) is set to raise interest rates as soon as September and is likely to hike more aggressively thereafter from the current pace of roughly twice a year, three sources familiar with its thinking told Reuters.
Fri, Aug 14
Bitcoin SV Price Forecast: BSV hits three-month high, eyeing 200-day EMA breakout
Bitcoin SV (BSV) is up nearly 2% on Friday, extending a steady upward trend over the last two weeks. Retail strength builds in BSV amid multiple vulnerabilities found in the Bitcoin ecosystem.
Fri, Aug 14
Silver Price Forecast: XAG/USD slips below $64.00 on profit taking
Silver price (XAG/USD) extends its losses for the second consecutive day, trading around $63.50 per troy ounce during the Asian hours on Friday.
Fri, Aug 14
WTI regains ground near $80 amid continued energy supply risks
West Texas Intermediate (WTI), futures on NYMEX, trades 0.4% higher around $81.40 during the early European trading session on Friday.
Fri, Aug 14
Ripple Price Forecast: XRP holds $1 support as ETF inflows, whale accumulation fuel recovery hopes
Ripple (XRP) price holds near the key $1 psychological support level on Friday, signaling potential for a recovery.
Fri, Aug 14
AUD/JPY Price Forecast: Weakens to near 112.50, near-term outlook remains bearish
The AUD/JPY cross trades in negative territory around 112.55 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders remain on high alert for further currency intervention from Japanese authorities.
Fri, Aug 14
Indian Rupee trades calm while oil prices correct
The Indian Rupee (INR) opens on a flat note at around 95.40 against the US Dollar (USD) on Friday.
Fri, Aug 14
United States Dollar Index weakens as cooling US inflation eases Fed rate hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the second successive day, trading around 99.90 during the Asian hours on Friday.
Fri, Aug 14
British Pound strengthens to near 1.3500 as Fed rate hike bets ease
The GBP/USD pair gathers strength to near 1.3495 during the early European trading hours on Friday.
Fri, Aug 14
USD/JPY Price Forecast: Bulls cautious below 159.50, 50% Fibo. caps upside on soft USD
The USD/JPY pair trades with a mild negative bias below mid-159.00s during the Asian session on Friday, though it remains close to a nearly two-week high touched the previous day.
Fri, Aug 14
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Fri, Aug 14
Ethereum Price Forecast: ETH on-chain signal remains weak even as mild retail distribution continues
Ethereum (ETH) continued to consolidate in the tight $1,800-$2,000 range on Thursday amid weak signals across key on-chain metrics.
Fri, Aug 14
EUR/JPY Price Forecast: Holds ground near 184.00, 50-day EMA
EUR/JPY remains flat after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday. The currency cross is holding above the short-term nine-period Exponential Moving Average (EMA) but remaining capped by the medium-term 50-period EMA.
Fri, Aug 14
