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British Pound: Fiscal squeeze risks dovish BoE – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD remains under 1.3400 as United Kingdom (UK) fiscal policy turns more restrictive. Rising borrowing has eroded fiscal headroom, pressuring Chancellor John Healey to tighten via taxes and spending cuts.
Tue, Sep 22
Euro: Softer versus Dollar as ECB tightening meets French risks – MUFG
MUFG’s Lee Hardman reports the Euro (EUR) is trading on a softer footing against the US Dollar, with EUR/USD near the bottom of its 1.1400–1.1800 range.
Tue, Sep 22
EUR/GBP Price Forecast: 100-day SMA blocks recovery as momentum remains subdued
EUR/GBP edges higher on Tuesday as the British Pound (GBP) remains under pressure across the board, weighed by concerns over the UK’s deteriorating fiscal outlook and the Bank of England’s (BoE) reluctance to raise interest rates while several major central banks have moved toward tighter policy.
Tue, Sep 22
Swiss Franc rallies on risk appetite while SNB threatens with FX intervention
The Swiss Franc (CHF) extended its recovery against the US Dollar (USD) on Tuesday, favoured by lower Oil prices amid hopes of a new round of US-Iran negotiations, which has prompted the Swiss National Bank (SNB) to launch an intervention warning.
Tue, Sep 22
US Dollar: Modestly stronger into year-end – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong highlight that the US Dollar (USD) stayed resilient despite improved risk appetite, supported by hawkish Federal Reserve (Fed) commentary that limited the drop in US front-end yields.
Tue, Sep 22
Hungarian Forint: Key 360 area supports consolidation against Euro – Societe Generale
Societe Generale analysts describe EUR/HUF as consolidating above the 360 area after an interim low near 348 in June. The pair is capped by the 200-day moving average at 370/371, with a breakout above this zone needed to confirm a larger up-move.
Tue, Sep 22
Gold steadies on Iran diplomacy hopes, Fed outlook caps upside
Gold (XAU/USD) halts its intraday decline on Tuesday as traders weigh fresh Middle East headlines while the broader geopolitical backdrop remains tense. At the time of writing, XAU/USD trades around $4,315, after bouncing from a low of $4,291 during European trading hours.
Tue, Sep 22
Japanese Yen: Overbought rally faces 158.40 cap – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY remains supported after testing the 157.30 area, with short-term price action expected to stay within a 156.90–157.80 range.
Tue, Sep 22
Japanese Yen recovers against US Dollar as oil prices correct sharply
The Japanese Yen (JPY) claws back its early losses and turns slightly positive against the US Dollar (USD) during the European trading session on Thursday, with the USD/JPY pair dropping 0.2% to near 157.00.
Tue, Sep 22
Canadian Dollar hesitates as Oil falls amid Hormuz reopening talks
The Canadian Dollar (CAD) trades practically flat against the US Dollar (USD) on Tuesday as the risk appetite triggered by Tehran’s proposal to reopen the Strait of Hormuz has offset the decline in Crude prices.
Tue, Sep 22
Crypto Today: Bitcoin, Ethereum, XRP rally slows amid rising ETF inflows
The cryptocurrency market remains elevated on Tuesday, with Bitcoin (BTC) trading around $85,798, nearly 49% above the year low of $57,756. Ethereum (ETH) and Ripple (XRP) trade within a robust bullish outlook above $2,700 and $1.51, respectively.
Tue, Sep 22
Pi Network Price Forecast: PI pulls back despite Protocol v27 completing final testnet step
Pi Network (PI) is trading in the red on Tuesday, retreating from the day’s high of $0.0947 and risking a steeper correction. The upcoming protocol v27 completes its final step on the testnet, after which the smart contract feature will roll out to the mainnet.
Tue, Sep 22
South African Rand: SARB hike and hawkish tone – Commerzbank
Commerzbank’s Volkmar Baur expects the South African Reserve Bank (SARB) to deliver a 25 basis point rate hike after surprising markets by holding rates in July.
Tue, Sep 22
Gold Price Forecast: XAU/USD approaches $4,300 after rejection at the $4,400 area
Gold (XAU/USD) trades lower for the second consecutive day on Tuesday, extending its decline to levels below $4,320 during the European session, as the recovery attempt from last week’s low was capped at $4,400.
Tue, Sep 22
Hungarian Forint: NBH stance supports carry appeal – ING
ING’s Frantisek Taborsky expects the National Bank of Hungary to pause its mini easing cycle at 5.50% and possibly outline a two-step cut in its inflation target from 3.0% to 2.0%.
Tue, Sep 22
US Dollar: Fed tightening keeps upside risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is extending gains after the latest hawkish Federal Reserve (Fed) hike, even as reopening prospects for the Strait of Hormuz temper the move and weigh on Oil.
Tue, Sep 22
New Zealand Dollar: Hawkish RBNZ pricing supports kiwi – MUFG
MUFG's Lee Hardman highlights the New Zealand Dollar (NZD) as the main overnight mover, boosted by hawkish guidance from Reserve Bank of New Zealand (RBNZ) Governor Breman. His comments on higher Oil-driven inflation have reinforced expectations for a third consecutive 25 bps hike next month.
Tue, Sep 22
United States Dollar Index (DXY) eases from July 30 high as Iran offers to reopen Hormuz
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly after hitting a fresh high since July 30 during the early European session on Tuesday. The index, however, lacks follow-through and currently trades just below mid-100.00s, unchanged for the day.
Tue, Sep 22
Belgium Consumer Confidence Index fell from previous -7 to -10 in September
Tue, Sep 22
Australian Dollar: Consolidation continues below resistance against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see AUD/USD consolidating around 0.7120 after a brief spike to 0.7140. Intraday price action is viewed as part of a 0.7105–0.7135 range.
Tue, Sep 22
