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Japanese Yen: Heading back toward 160 against US Dollar – Commerzbank
Volkmar Baur at Commerzbank notes that the Japanese Yen has weakened again above 159 per Dollar despite recent intervention and Bank of Japan signals.
Tue, Aug 11
Japanese Yen struggles as impact of joint intervention fades
USD/JPY treads water on Tuesday as the Japanese Yen (JPY) struggles to find its footing, facing headwinds from a firmer US Dollar (USD) and elevated Oil prices. At the time of writing, the pair trades around 159.24 after hitting an intraday low of 158.92.
Tue, Aug 11
Ripple Price Forecast: XRP's slow grind near $1.00 raises risk of deeper sell-off
Ripple (XRP) continues to lose momentum on Tuesday, as bears tighten their grip. The drop toward $1.00 aligns with lethargic sentiment in the broader cryptocurrency market. A daily close below that critical demand area could deepen the sell-off, narrowing XRP’s recovery potential.
Tue, Aug 11
US ADP Employment Change 4-week average drops to 8.25K
Private-sector hiring in the US has further cooled in late July. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 8.25K jobs per week in the four weeks ending July 25.
Tue, Aug 11
Australian Dollar: RBA softens hawkish stance – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of Australia (RBA) delivered a less hawkish hold, keeping rates at 4.35% and judging policy “somewhat restrictive” as the labor market has eased more than expected.
Tue, Aug 11
Silver retreats toward $65.00 as Oil rebound revives inflation concerns
Silver (XAG/USD) extends its correction on Tuesday and trades around $65.05 at the time of writing, down 2.31% on the day.
Tue, Aug 11
US Dollar: CPI keeps USD in tight ranges – OCBC
OCBC’s Sim Moh Siong and Christopher Wong note the US Dollar (USD) softened as Fed hike expectations moderated and the US yield curve steepened.
Tue, Aug 11
Swiss Franc holds below 0.8100 US Dollar with US-Iran negotiations deadlocked
The Swiss Franc trades practically flat against the US Dollar (USD) on Tuesday, consolidating halfway through last week’s trading range.
Tue, Aug 11
GBP/USD Price Forecast: Holds Descending Triangle breakout
The GBP/USD pair trades marginally lower at around 1.3500 during the European trading session on Tuesday.
Tue, Aug 11
Qatar says Oman-Iran talks reach advanced stage
Talks between Oman and Iran have reached an advanced stage, Qatar’s Foreign Ministry spokesperson said on Tuesday.
Tue, Aug 11
Natural gas: European prices surge as LNG flows stall – ING
ING strategists Warren Patterson and Ewa Manthey report that European Natural gas benchmark TTF jumped over 9%, moving back above EUR60/MWh as hopes for a US–Iran deal fade.
Tue, Aug 11
Gold pauses near two-month highs as US-Iran standoff drives Oil prices higher
Gold (XAU/USD) pauses its rally on Tuesday after hitting a two-month high of $4,435 earlier in Asian trading hours. The modest pullback comes as uncertainty over when the Strait of Hormuz will reopen keeps Oil prices elevated.
Tue, Aug 11
Japanese Yen: Wider range with intervention support against US Dollar – HSBC
HSBC strategists discuss the sharp post-intervention drop following coordinated action by Japan’s Ministry of Finance and the US Treasury. They argue that joint intervention is more effective than unilateral moves but unlikely to change the broader trend without improved Japanese fundamentals.
Tue, Aug 11
US Dollar Index Price Forecast: A break above 100.00 would confirm a double bottom
The US Dollar Index (DXY) appreciates for the second consecutive day on Tuesday, favoured by a mix of concerns about the stalled US-Iran negotiations and hawkish Fed speak, which keeps hopes of a September rate hike alive.
Tue, Aug 11
Crypto Today: Bitcoin and Ethereum consolidate, XRP dips as optimism for a US-Iran deal fades
Bitcoin (BTC) maintains a neutral outlook on Tuesday while testing support at $64,000. Investors appear to be sitting on the fence, awaiting a catalyst for a breakout above $65,000. Ethereum (ETH) follows in Bitcoin’s footsteps, trading below $1,900 while anchored above the $1,800 demand zone.
Tue, Aug 11
Euro treads water against US Dollar as traders await US CPI
EUR/USD trades around 1.1535 on Tuesday at the time of writing, posting a modest 0.06% decline on the day.
Tue, Aug 11
Gold Price Forecast: Rally hits pause near $4,440 with US CPI in focus
Gold price (XAU/USD) trades 0.26% lower at around $4,380 during the European trading session on Tuesday.
Tue, Aug 11
NZD/USD Price Forecast: Focus shifts to 0.5850 support area as risk appetite fades
The New Zealand Dollar (NZD) nudges lower against a firmer US Dollar (USD) for the second consecutive day on Tuesday, as doubts about the fate of the US-Iran peace negotiations hurt market confidence and boost Oil prices higher.
Tue, Aug 11
Pump.fun Price Forecast: PUMP rallies on steady revenue, buybacks, and burns
Pump.fun (PUMP) is up nearly 3% so far on Tuesday, extending gains for the third consecutive day. A surge in weekly revenue, reaching an annual high last week, supports PUMP's recovery amid consistent token buybacks and burns.
Tue, Aug 11
Australian Dollar: RBA keeps door open – Rabobank
Rabobank's Senior Macro Strategist Bas van Geffen reports that the Australian Dollar (AUD) slipped briefly after the RBA left its policy rate unchanged, as markets interpreted the statement and downgraded growth and inflation forecasts as dovish.
Tue, Aug 11
